SB ORDER No. 02/2013
Govt. of India
Ministry of Communications & I.T.
Department of Posts
Dak Bhawan, Sansad Marg
New Delhi-110 0-01
All Heads of Circles
Addl. Director General , APS, New Delhi
Sub: Enhancement of limit for verification of withdrawals from savings Accounts made at Extra Departmental Sub/Branch and Post offices single handed Post Offices- regarding .
The undersigned is directed to say that as rule 85 POSB Manual Vol.-I, withdrawal of Rs. 5000/- as above in Savings Accounts standing at EDSOs/BOs and single handed SOs are to be verified by the Sub Divisional Inspectors / ASPs or PRI (P) s by contacting the depositor in order to ensure that withdrawals are genuine. The limit of Rs. 5000/- was fixed vide this office SB order No. 02/2002 dated 11-02-2002. In the recent past various unions have requested to enhance this limit on the ground that rupee has devaluated since the year 2002 and limit of withdrawal by GDS BPM has been raised from Rs. 2000/- to Rs. 5000/- due to which, number of such withdrawals have increased considerably .
2. The matter has been considered and it has been decided to enhance the present limit of Rs. 5000/- to Rs. 10,000/- w.e.f. 01-03-2013.
3. It is requested to circulate this order to All Heads of Post Offices and All Administrative offices for information and necessary guidance of staff.
4. This issues with the approval of Member (Technology).
( Kawal Jit Singh)
Assistant Director (SB)