Cap on deposit amount in BOs Rs.25,000- has been relaxed up to 30th December 2016... DTE

Cap on deposit amount in BOs Rs.25,000- has been relaxed up to 30th December 2016... DTE

From: Director (CBS)

Sent: 18 November 2016 17:57

To: All CPMG; CPMG Telangana Circle

Cc: All PMG; DDG (Financial Services); All Postal Divisions; Director (Vigilance)

Subject: Relaxation of Rs.25000/- limit for deposits in Branch Post Offices.

Respected Sir/Madam,

                       

In view of current order /instructions by the Government regarding supply of adequate cash for funding to rural areas in Branch Post Offices,  and also  an  email was sent by this on 14^th Nov, 2016 & 15^th  Nov, 2016,  that  withdrawals and deposits in Branch Post Office should be encouraged, so that public in rural areas get access to new currency notes..

With a view to facilitate this effort of the Government, the  SB order No.5 dated 21.06.2016,  Point No. 18 i.e., “ No BPM should accept cash deposit transaction for more than Rs. 25000/- in any account in a day. Instructions in this regard should issued by Circle/Regions and Divisions” is here by relaxed till ​30^th December, 2016. It is re iterated  that Cap for 25,000 /- has been lifted (upto 30th December, 2016).

With regards,

Sachin Kishore

Director (CBS)

Sansad Marg,

Dak Bhavan