Important Info for IPPB Users: Cash Withdrawal at DoP Counter

Important Info for IPPB Users: Cash Withdrawal at DoP Counter 🏦

India Post Payments Bank (IPPB) users can conveniently manage cash withdrawals at DoP counters using the LOADCASH menu in IPPB Finacle. To ensure smooth and error-free transactions, here’s everything you need to know.

🚀 Using the LOADCASH Menu

1. Login Daily

   • Log in to IPPB Finacle every morning and open the LOADCASH menu.

2. Auto-Fetched Details

   • The Customer Service Branch (CSB) will automatically fetch your ID, name, facility ID, and other details.

   • Double-check carefully before proceeding.

3. Enter the Withdrawal Amount

   • Input the required cash amount.

   • Must be in multiples of ₹1000, between ₹1,000 and ₹5,00,000.

💸 Amount Rules

• ✅ Allowed: Multiples of ₹1000 only

• ✅ Minimum: ₹1,000

• ✅ Maximum: ₹5,00,000

• ❌ Not Allowed:

  • Less than ₹1,000

  • Amounts not in multiples of ₹1000

  • More than ₹5,00,000

📝 Additional Guidelines

• The LOADCASH menu can be invoked multiple times if the teller balance is insufficient.

• A maximum of 5 invocations per day is permitted.

📊 End-of-Day Cash Tally

1. Use the Cash Management Report (CMR) to reconcile withdrawals and deposits.

2. Pass adjustment entries using the IPPB data fetch option.

3. Deposit the net cash with the Treasurer to close the day’s transactions.

👍 Key Takeaway

By following these simple steps, IPPB users can ensure hassle-free cash withdrawal transactions at DoP counters while maintaining accurate records.

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