SB order 03/2021- Cash acceptance limit in GDS Branch Post Office

Hey DOP friends, the postal directorate has issued a new SB order for the year 2021 called SB order 03/2021. Here I am going to share India Post SB order 03/2021 in detail.

SB order 03/2021 in detail


What is SB order 03/2021

The SB order 03 2021 is related regarding revision of cash acceptance limit in GDS (Gramin Dak Sevak) Branch Post Office. You can check full information of 03/2021 SB Order from the below letter.


India Post SB Order 03/2021 (Letter & PDF)


F.No.25-11/2016-FS-CBS
Government of India
Ministry of Communications
(FS Division)

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

To,

All Head of Circles/Regions

Subject: - SB Order 03/2021-Regarding revision of cash acceptance limit in GDS Branch post offices and cash transaction limit at other SOLs.

Sir / Madam,

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,21.06.2016.

The issue was examined in the context of the diflculties 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. 05/2016 dated, 21.06.2016.

Accordingly the text of para 18 and para 27 of SB order 05/2016 dated 21.06.2016 is replaced as follows: -

1) Para-18: - 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.

2) Para-27: - All POSBB 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)

SB Order 03/2021 PDF Download

You can also download SB order 03/2021 PDF file from the below link.

Click here to download the PDF file of SB Order 03/2021

Post a Comment

0 Comments