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IPPB End Users cash transactions in excess of Rs 5 lakh in a month

PB-01/20/2022-PBI-DOP. No. PB-01/20/2022-PBI-DOP Government of india Ministry of Communications Department of Posts, (PBI Division) Dak Bhawan, New Delhi Dated: 12 December 2023, To, All CPMsG.


Subject: End users with IPPB cash transactions in excess of Rs 5 lakh in a month: November 2023,


Madam/Sir,


I am directed to stato that India Post Payments Bank has reported instances of cash misappropriation wherein cash transactions were undertaken by End users but physical cash was not deposited to respective Accounting Otfice (SO/HO) subsequently with the intent to commit fraud. List of end users who are undertaking cash transaction of Rs 5 lakh or more from month of November-2023 is enclosed.


2. In this regard, it is requested to instruct the concemed to confirm tallying of physical cash and do the needful


3. This issues with the approval of DDG (PBI),


Encl: As Above ‘Signed by Mitesh Kumar

Date: 12-12-2023 18:16:44

Reason: Approved

(Mithilesh Kumar Mandal) Assistant Director General (PBI-II)


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