No.
CHQ/IPASP/SB/2012 Dated : 29/11/2012.
To,
Ms Manjula
Prasher,
Director
General,
Department of
Posts,
Dak Bhavan,
Sansad Marg,
New Delhi 110
001.
Subject : Verification
of SB withdrawals exceeding Rs. 5000/-…Reg.
Respected
Madam,
Your kind attention is invited
to this Associations’ letters of even number dated 23/7/2012 (copy enclosed) and
21/9/2012 on above captioned subject.
It has already been brought to the notice of Directorate
that, as per the provision laid down in Rule 85 of POSB Manual Vol.-I,
withdrawal of Rs. 5000/- and above in all Branch Post Offices (BOs) and single
handed Departmental Sub Post Offices are to be verified by Sub Divisional Head
or Public Relation Inspectors by contacting the depositor as quickly as
possible.
SB
order No. 19/2009 dated 14/12/2009 has issued in connection with authorizing
BPMs to sanction withdrawals from Rs. 2000/- to Rs. 5000/- independently
without obtaining the prior approval of the Accounts Office and as per the
directions given under Directorate memo No. 113-11/2003-SB dated 28/9/2006 and
consequent upon the restrictions imposed by the Income Tax, all maturity
amounts above Rs. 20000/- are now being paid through cheque. In order to avoid the
cheque system the customers are seeking other options like crediting the value
into their SB accounts. This credit is normally followed by withdrawals from SB
accounts which will be, in almost cases more than Rs. 5000/-. This increases
the number of such withdrawals requiring verification as per Rule 85 of POSB
Manual Vol. I.
Directorate
is well aware that, Sub Divisional Heads have already over burdened since the
introduction of MGNREGA payments, opening of new accounts including BPL,
monitoring of CBS, procurement of PLI/RPLI business, canvassing of BD products etc. The value of
rupee is also going down day by day and the number of deposits and withdrawals
of high value are on the increase causing much work load to the sub divisional
head.
In
view of the above lines, your kind honour is once again requested to cause to
issue necessary amendment to Rule 85 of POSB Manual Vol-I by enhancing the
limit of verification of SB withdrawals from Rs. 5000/- to Rs. 30000/- at the
earliest.
Thanking you,
Yours sincerely,
(Vilas Ingale)
General Secretary
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