SB Orders 2022 Review | Download SB Orders 2022 in PDF | Short Notes on SB Orders 2022
SB ORDERS 2022. Download SB Orders 2022 REVIEW in PDF. SB Orders 2022 Review prepared by Tara Prasad Mahapatra, PA Paralakhemundi HO-761200.
SB ORDER 1/2022:
* Steps to be taken for smooth functioning of POSB operations and prevention of frauds in post offices.
* Reiterated SB order 17/2017 :- Linking of mobile number of account holder was made MANDATORY vide SB Order No. 17/2017 dated 23.10.2017 for opening of any new account.
* Reiterated GSPR Rule 6(b) :- If PAN is not submitted at the time of opening an account,then it should be submitted within a period of six months from the date of the opening of the account,if not submitted within 6 months then the Account shall cease to be operational till submission PAN to Account Office.
GUIDELINES
* Rule (A) Linking of mobile number/PAN for financial transaction carriedout in all post offices.
*(i) During any transaction (Deposit/Withdrawal/Loan Disbursement/LoanRepayment/Closure of account (either premature or on maturity)) carried out in any CBS post office;
* Mobile no. must be updated in account no. for transaction Rs.20000 or above
* PAN must be updated in account no. for transaction Rs.50000 or above
* If mobile number/PAN are not updated/available in account,in which transaction is to be done, mobile number and PAN should be obtained by the counter PA on the voucher (i.e., SB- 1 03/SB-7/7A/7B/7C) from the account holder/authorized person.
* If account holder does not have PAN number, Form 60/61 prescribed under Income Tax Act may be obtained but PAN should be updated in account no. within 6 months
Rule B
Collection of passbooks at the time of closure/premature closure of any TDA type accounts (RD/TD/MIS/SCSS/KVP & NSC) in single and double handed post offices.
(i) At the time of closure/premature closure of any TDA type of accounts (RD/TD/MIS/SCSS/KVP and NSC), all single and double handed post offices (including BOs) shall collect closed passbook from the account holders. The closure entry is to be noted after last transaction in the passbook by the post office concerned with date stamp.
(ii) After verification of closure of account in Finacle, supervisor shall generate and print “account closure report” by invoking HPR menu and handover to account holder as acknowledgement. If any depositor demandaccount statement it may also be provided in lieu of passbook without any charges.
(iii) After closure of account, passbooks of closed TDA category accounts shall be attached with the Account Closure Form and send in a manner as prescribed for dispatch of vouchers and Long Book Consolidation Journal.
(iv) The number of closed passbooks attached should be mentioned in the "Long Book Consolidation Report-BRN (Today)” or consolidation journal by the postmaster concerned.
* (v) In SBCO, designated SBCO PA shall also tally the account number and amount in the closed passbooks received with the closure voucher concerned from the single handed and double handed post office and will write “Received all closed passbooks for TDA type of accounts” on Long Book consolidation report-BRN received with voucher bundle. In case any discrepancy is noticed, In-charge, SBCO shall report the matter to the Divisional Head/Gazetted Postmaster concerned.
SB ORDER 2/2022:
* Introduction of online PAN verification functionality in Finacle CBS System
* Hence, it has been decided to restrict the account opening without entering either PAN or Form - 60 details and validate the correctness of the PAN number entered by availing the facility of online verification of PAN Numbers being provided by NSDL. Accordingly Finacle CBS System isintegrated with NSDL System.
* Patches have been deployed in CBS Finacle System to validate the PAN entered at the time of creation and modification of CIFs of the Customers /Depositors and when any cash transaction exceeding Rs. 50,000/- is carried out.
SB ORDER 3/2022:
* Circulation of POSB (CBS) Manual (Corrected up to 31. 12.2021)
* SB orders of 2019,2020,2021 are added in the POSB(CBS) Manual.
SB ORDER 4/2022:
* Mandatory use of Savings Account (PO Savings Account or Bank Account) for credit of monthly/quarterly/yearly interest in case of MIS/SCSS/TD accounts w.e.f. 01.04.2022.
* INTEREST PAYMENT IN CASH SHALL NOT BE ALLOWED FROM MIS/SCSS/TD SUNDRY OFFICE ACCOUNT w.e.f.01.04.2022.
* Payment of MIS/SCSS/TD interest through sundry office accounts (SOL ID+0129,0130,0131,0132,0335,0337,0338) will not be allowed from other SOLs with immediate effect.
* PA/ Postmaster concerned shall ensure that no outstanding interest is pending in MIS/SCSS/TD sundry office account for the account to be transferred while effecting the transfer of any MIS/SCSS/TD accounts, if outstanding interest is pending then it should be paid in POSB account or through cheque then transfer of A/C should be initiated.
SB ORDER 5/2022:
* Revision of interest rates for smal savings schemes w.e.f. or.04.2022
SB ORDER 6/2022:
* Printing and Supply of A-AR Books,ASI,AAS-5 Cards and POSB Cheques by Department of Posts
* Authorized Agents Receipt GAR) Books - Cash and Cheque for SAS
* ASLAAS-5 Cards for MPKBY agents.
* POSB CTS Cheque books for PO Savings Account holders.
SB ORDER 7/2022:
* Relaxation in mandatory updation of ASLAAS-5 Card Numbers in Agent Portal by MPKBY Agents
* Extended the relaxation provided in SB Order No. 36/2021 dated 12.11.2021 connection with updation of ASLAAS'S cards on Agent Portal till 30.09.2022 or till supply of ASLAAS'S cards to the Agents by the State Authorities, whichever is earlier.
SB ORDER 8/2022:
* Roll out of NEFT/RTGS facility for POSB Account holders from 31.05.2022
SB ORDER 9/2022:
* Execution of HACINT menu in Finacle CBS and amendments in Rule 61 (3) and Appendix- XVI of POSB CBS Manual (Corrected upto 31.12.2021)
SB ORDER 10/2022:
* Regarding roll out of RICT CBS version 2.0.1 in RICT CBS devices from 27 .06.2022.
SB ORDER 11/2022:
* Revision of interest rates for small savvings schemes w.e.f. 01.07.2022.
SB ORDER 12/2022:
* Amendmentto procedural rule in POSB (CBS) Manual / POSB ManualVolume
* Incentive will be payable to GDS BPMs irespective of the location of BranchPost Offices i.e. whether in rural area or in urban area subject to the following conditions
A. If the GDS Branch Post Office is a delivery office (condition) Address of any one of the depositors falls within the delivery jurisdiction of the arepective GDS Post Office
B.If the GDS Branch PostOffice is a non-delivery office in account with delivery post office (condition) Address of any one of the depositors falls within the dekvery 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 (condition) Address of any one of the depositors falls within the area covered by the pincode of the branch post office concerned provided that the address does not fall within the delivery jurisdiction of any other BO having the same pincode.
SB ORDER 13/2022:
* Introduction of the online account opening and closure through DOP Internet Banking for National Savings Certificates (VIII Issue) and Kisan Vikas Patra.Opening procedure as below.
* Login into DOP Intemet Banking
* 'General Services'>'Service Requests’>'New Requests’ >NSC Account - Open a NSC Account (For NSC) and KVP Account - Open a KVP Account (For KVP)>
* Deposit Amount (Enter Amount for which NSC to be opened minimum (%1000 and in multiple of = 100)>Debit Account (Select linked PO Saving Account) >
* Click on 'Click Here’ to read terms and conditions and accept terms and conditions
* Submit online
* Enter Transaction Password > Submit.
* View/Download Deposit Receipt.
Procedure for Closure of NSC/KVP: -
* Login into DOP Intemet Banking
* ‘General Services’ > 'Service Requests >'New Requests’
* Closure of NSC Account (For NSC) and Closure of KVP Account (For KVP)
* Deposit Account (Select NSC account/KVP Account to be closed)
* Credit Account (Select linked PO Saving Account)
* Submit online
* Enter Transaction Password
* Submit.
* View /Download Closure Receipt.
* NSC/KVP purchased on or after 01.07.2015 (i.e. in the form of passbook) can
be closed under this option.
* NSC/KVP issued prior to 01.07.2016 in the form of savings certificates are to
be closed at the post office concerned.
SB ORDER 14/2022:
* Introduction of the online account opening and closure through DOP Internet Banking for Public Provident
Fund (PPF) Accounts.
* (a) Procedure for opening of PPF Account:-
* Login into DOP Internet Banking “General Services’
* ‘Service Requests’
* ‘New Requests’ PPF Accounts— Open a PPF Account > Deposit Amount (Enter Amount for which PPF account is to be opened minimum & 500 or above in multiple of = 50 upto = 1,50,000/-
* & Debit Account (Select linked PO Saving Account) Click on ‘Click Here’ to read terms and conditions and accept terms and conditions
* Submit online> Enter Transaction Password
* Submit.
* View/Download Deposit Receipt.
(b) Procedure for Closure of PPF Account: -
* Login into DOP Internet Banking
* ‘General Services’ ‘Service Requests’ ‘New Requests’
* Closure of PPF Accounts> Deposit Account (Select PPF Account to be closed)
* Credit Account (Select linked PO Saving Account)
* Submit online
* Enter Transaction Password
* Submit.
* View/Download Closure Receipt.
* Only matured account can be closed under this option.
* As premature closure is allowed under specific conditions,for premature closure kindly submit account closure form, passbook and relevant documents at Post Office concerned.
SB ORDER 15/2022:
* Change of interest rate in small savings schemes w.e.f. 01.10.2022
SB ORDER 16/2022:
* Relaxation in mandatory updation of ASLAAS-5 Card Numbers in Agent Portal by MPKBY Agents till 31.03.2023
* Extended the relaxation provided in SB Order No. 36/2021 dated 12.11.2021 connection with updation of ASLAAS'S cards on Agent Portal till 31.03.2023 or till supply of ASLAAS'S cards to the Agents by the State Authorities, whichever is earlier.
SB ORDER 17/2022:
* Steps to be taken for smooth functioning of POSB operations and prevention offrauds in post offices.
* One mobile number can be linked with a maximum of 5 clFs through the CCRC/CMRC menu. On exceeding the limit, system will throw an error message "Mobile No is linked with more than 5CIF IDs"
* post office user can find out linked CIFS of any mobile number by using CCIFINQ
SB ORDER 18/2022:
Deployment of functionality in finacle CBS for deduction of TDS in respect on cash withdrawal under the provisions of section 194N of income tax act 1961
SB ORDER 19/2022:
*Introduction of e-passbook facility for national (small) savings schemes account holders'
* Facilitiesavailable under e-pass book will be as follow
*(a) Balance enquiry
*(B) Mini statement
*(c) Full statement
* E-passbook facility link
SB ORDER 20/2022:
* Amendments to procedural rule in POSB (CBS) Manual (corrected upto 31.12.2021)
