CHQ News-GS writes to DG (Posts) on Verification of SB withdrawals exceeding Rs. 5000/-....Reg.

No. CHQ/IPASP/SB/2012                                           Dated :  23/7/2012.

To,

The Director General,

Department of Posts,

Dak Bhavan, Sansad Mark,

New Delhi 110 001.

Subject :  Verification of SB withdrawals exceeding Rs. 5000/-....Reg.

Respected Madam,

                This Association would like to bring to your kind notice that as per the provision laid down in Rule 85 of POSB Manual Vol-I, withdrawals of Rs. 5000/- and above in all BOs and single handed Departmental Sub Offices are to be verified by sub divisional heads or Public Relation Inspectors by contacting the depositor as quickly as possible.  

          It may be seen that as per the SB Order No. 19/2009 dated 14/12/2009, BPMs are authorised to sanction withdrawals from Rs. 2000/- to Rs. 5000/- independently without obtaining the prior approval of the Account Office. Admittedly, the number of such withdrawals requiring verification as per Rule 85 of POSB Manual Vol. I. This Association would like to further state that sub divisional heads have already over burdened since the introduction of MGNREGA (payment), monitoring of CBS work/ Delivery of Aadhar cards/ Project Arrow, opening of new accounts including BPL, procurement of PLI/RPLI business etc.

          Further, 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. 20,000/- 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 the above cited rule.

          Moreover the verification is now carried out with the help of Mail Overseers. Most of the accounts in the rural areas are operated by ladies out of their savings from daily work. The husband/other family members are not aware about this account and when Mail Overseers visit their house to verify the withdrawals, they are put to embarrassing situations. 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 heads.  

          In view of the above lines, your kind honour is requested to look into the matter and cause to issue necessary amendment to Rule 85 of POSB Manual Vol-I by raising the limit of verification of SB withdrawals from Rs. 5000/- to Rs. 30000/-.

          Hoping for an early action.

Yours sincerely,

Sd/- 

(Vilas Ingale)

General Secretary