SB Order 12/2022 - Incentive will be payable to GDS BPMs for opening of Time Deposit (TD) accounts irrespective of the location of Branch Post Offices
SB Order No. 12 / 2022. SB Order 12/2022.
File No. 107-01/2020-SB
Government of India
Ministry of Communications
Department of Posts
(F.S. Division)
Dak Bhawan, New Delhi — 110001
Dated: 08.07.2022
Subject: Amendment to procedural rule in POSB
(CBS) Manual / POSB Manual Volume — Regarding.
Reference: SB Order No. 21/2020 dated
21.06.2020.
North East Circle and Karnataka Circle have requested for clarification on areas of Non-Delivery Branch Post Offices to be covered for consideration of allowing incentive/commission to Branch Postmasters for opening of Time Deposit accounts in reference to SB Order No. 21/2020 dated 21.06.2020.
2. The matter has been examined and accordingly
Note 4 under para (A) (1) of Appendix X in POSB (CBS) Manual (Corrected up to
31.12.2021) and Note 4 under para (1) of Appendix XII in POSB Manual Volume — I
is amended as below.
Incentive will be payable to GDS BPMs(Branch Post Masters) for opening of Time Deposit (TD) accounts irrespective of the location of Branch Post Offices i.e. whether in rural area or in urban area subject to the following conditions.
Status of Branch Post Office - Condition
(a) If the GDS Branch Post Office is Delivery
Office
Address of any one of the depositors falls within
the delivery jurisdiction of the respective GDS Post Office
(b) If the GDS Branch Post Office Is a
non-delivery office in account with delivery post office
Address of any one of the depositors falls
within the delivery jurisdiction of the account office provided that the
address does not fall within the delivery jurisdiction of any other Branch Post
Office in account with the same account office
(c). If the GDS Branch Post Office is a
non-delivery office in account with non-delivery post Office
3. This may be circulated to all the Offices for information and necessary actions.
4. This is issued with the approval of
competent authority.
