Enhancement of limit for verification of withdrawals from savings Accounts made at Extra Departmental Sub/Branch Post offices and single handed Post Offices- regarding .

SB ORDER No. 02/2013

                                                      No. 113-02/2001-SB

                                                            Govt. of India

                                              Ministry of Communications & I.T.

                                                       Department of Posts

                                                                                                Dak Bhawan, Sansad Marg

                                                                                                New Delhi-110 0-01

                                                                                                Dated:  26-02-2013

                         

To

            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 .

Sir/Madam

            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).

                                                                                                            Yours faithfully,

                                                                                                            ( Kawal Jit Singh)

                                                                                                            Assistant Director (SB)