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Revision of cash acceptance limit in GDS Branch post offices and cash transaction limit

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Revision of cash acceptance limit in GDS Branch post offices and cash transaction limit at other SOLs – SB Order No. 03/2021 – Dated 05.03.2021

SB Order No. 03/2021

F.No.25-1 1/2016-FS-CBS
Government of India
Ministry of Communications
Department of Posts
(FS Division)

Dak Bhawan, Sansad Marg,
New Delhi-l10001
Date: 05.03.2021

To,
All Head of Circles/Regions

subiect: – Regarding revision of cash acceptance limit in GDS Branch post offices and cash transaction limit at other SOLs.

Sir / Madam,

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The undersigned is directed to say that the issue of enhancement of the present limit of acceptance of cash at GDS Branch Post offices and cash transaction limit in other SoLs account was under consideration in this Directorate. This limit was prescribed in para 18 and para 27 of SB Order No 05/2016 dated,2l.06.2016.

The issue was examined in the context of the difficulties being faced by pensioners, depositors of SSA/PPF accounts, rural depositors and present status of automated accounting mechanism through GL Integration in Finacle.

In the above context, the competent authority has decided to eniance the limit prescribed in para 18 and para 27 of SB Order No. 0512016 dated,2l.06.2016. Accordingly the text of para 18 and para 27 of SB order 05/2016 dated 21.06.2016 is replaced as follows: –

i) Para-I8: – No BPM shall accept cash deposit transaction for more than Rs.50,000/- in an account in a day. Further till the PPF/SCSS/MIS/KVP/NSC schemes are made available in RICT CBS App, deposit in these accounts is to be accepted by withdrawal form or cheque only.

ii) Para-27: – All PosB cheques issued by any cBS Post office if presented at any CBS post Office shall be treated as AT PAR cheques and shall not be sent for clearing. No cash transaction for more than Rs. 50,000 shall be allowed at other SOLs in an account in a day.

It is requested that these changes may be brought to the notice of all post offices immediately for information. guidance and necessary action

This issues with the approval of competent authority.

Yours faithfully,
(Devendrd Sharma)
Assistant Director (SB-II)

Copy to:-
l. Sr. PPS to Secretary (Posts)
2. PS to Director General Postal Services.
3. PPS/ PS to Addl. DG (co-ordination)/Member (Banking)/ Member (o)/ Member (P)/ Member (Planning & HRDy Member (PLI)/ Member (Tech)/AS & FA 4. Addl. Director General, APS, New Delhi
5. chief General Manager, BD Directorate / parcet Directorate / pLI Directorate
6. Sr. Deputy Director General (vigilance) & cvo) / Sr. Deputy Director General (PAF)
7. Director, RAKNPA / GM, CEPT / Directors of all pTCs
8. Director General P & T (Audit), Civil Lines, New Delhi
9. Secretary, Postal Services Board/ All Deputy Directors General
10. All General Managers (Finance) / Directors postal Accounts / DDAp
11 . Chief Engineer (Civil), Postal Directorate
12. All Sections ofPostal Directorate
13. All recognized Federations / Unions/ Associations.
14. Dy. Director (CEPT) for configuration in Finacle/RICT CBS app accordingly.
15. GM, CEPT for uploading the order on the India post website.
16. MOF (DEA), NS-II, North Block, New Delhi.
17. Regional Director (Sr.) National Savings Institute, ICCW Building,4 Deendayal Upadhyay Marg, New Delhi-l 10002
18. Guard File
19. Spare copies.

Signed Copy

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