S.B. Order 21/2020 : Amendment to procedural rule in POSB(CBS)Manual/POSB
S.B. Order 21/2020
Government of India
Ministry of Communications
Department of Posts
(Financial Services Division)
Dak Bhawan, New Delhi-110001
Dated :- 11 /06/2020
All Head of Circles/Regions.
Subject:- Amendment to procedural rule in POSB(CBS)Manual/POSB Manual Volume regarding.
In order to streamline payment of Incentive/Commission to GDS SPM/GDS BPM for opening of National Savings Time Deposit Accounts, POSB(CBS) Manual, Appendix VIII, para I Note 4 / POSB Manual Volume I, Appendix X, para 1 Note 4 is amended as below: –
“Incentive will be payable to GDS SPMs/GDS BPMs irrespective of the location of Post Offices i.e. whether in rural area or in urban area subject to the condition that the address of the depositor falls within the delivery jurisdiction of the respective GDS Sub Post Office/Branch Post Office.”
2. It is requested to circulate the amendment to all concerned for information and guidance and necessary action.
3. This issues with the approval of the Competent Authority.
Assistant Director (SB)