Saturday, November 19, 2016
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.
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 14th Nov, 2016 & 15th 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 30th December, 2016. It is re iterated that Cap for 25,000 /- has been lifted (upto 30th December, 2016).