Amendment to procedural rules relating to Public Provident Fund

If you want to deposit some amount to the Public Provident Fund, Sukanya Samriddhi Account, Recurring Deposit scheme, then you can deposit the amount through cheque.

Recently an order has been issued by the postal directorate for cheque acceptance limit. The limit has been changed and now the amount more than 25000/- can be deposited in the SB account/ PPF account/ SSA account/RD account through cheque.


F.No. 25-11/2016-FS-CBS 
Government of India 
Ministry of Communication 
Department of Posts 
(F.S. Division) 
Dak Bhawan, New Delhi-110001 
Dated 02/12/2019 


To,
All Head of Circles.
Addl. Director General. APS, New Delhi


Subject: Change in the limit for accepting POSB Cheques for deposit in SB/PPF/SSA/RD accounts.

Sir/Madam,

Various representations were received in Directorate to reconsider the limit Rs. 25000/- prescribed for accepting POSB Cheques at other SOLs in a day in an account. After examining the issue the competent authority has decided to rationalize the process for accepting the POSB cheque in other SOLS. 

Presently the SB Order 5/2016 para 271 and POSB (CBS) Manual Appendix I (para 2012) and Appendix III (para 102) prescribe as under

"All POSB Cheques issued by any CBS Post Office if presented at any CBS Post Office should be treated as AT PAR cheques and should not be sent for clearing No POSB Cheque for more than Rs.25000/- should be accepted at other SOLS in a day."

Now, after the rationalization, the text of the SB Order 5/2016 Para 27] and POSB (CBS) Manual Appendix I Para 20(12)] and Appendix III Para 10(2) are substituted as under

"All POSB Cheques issued by any CBS Post Office, if presented at any CBS Post Office should be treated as AT PAR cheques and should not be sent for clearing.No POSB Cheque for more than Rs.25000/- should be accepted for cash withdrawal at other SOLs in a day. However, POSB cheque can be accepted at other SOLs without the restriction of amount for credit in 
POSB/RD/PPF/SSA accounts, subject to the limits, if any, prescribed in the scheme." 

Note: Necessary validations in CXFER, CPDTM, HTM menus stands deployed in Finacle.
This issues with the approval of the competent authority.


(Devendra Sharma) 
Assistant director (SBPG) 











Change in limit for accepting POSB cheque for deposit in SB/PPF/SSA/RD Accounts


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