Respected Sir/Madam,
Please find attached the RBI Notification
regarding relaxation in the limit of withdrawal of cash from bank deposit
accounts. The instructions of RBI stipulates that withdrawals may be allowed
for deposits made in current legal tender notes on or after 29.11.2016 beyond
the current limits preferably, available higher denomination bank notes of Rs.
2000/- and 500/- are to be issued for such withdrawals.
The
following are the procedure to be followed:-
1.The withdrawal exceeding the current limits
may be allowed only in the home SOL of the account holder.
2.The Finacle application should validate the
withdrawals exceeding the limit for those depositors who deposit the current
legal tender notes on or after 29.11.2016. For this purpose a Patch needs to be
deployed.
3.The counter PA should maintain a separate
register for entering details of such deposit transactions.
The proforma of the register is as follows:-
|
S.No.
Date
Name of the Account Holder SB Account Number Amount Deposited through current legal tender notes Deno. of legal tender notes Counter PA Sign. PM/SPM/ Counter Supervisor Signature,
Date and
amount of withdrawal, if any
|
4. The depositors who are depositing current
legal tender notes on or after 29.11.2016 should write the denomination of
currency notes on the pay in slip.
5. After acceptance of deposit by post office,
the concerned PA should acknowledge the tendering of currency notes on the back
side of the counterfoil of the pay in slip and write the Sl. No. of the entry
in above mentioned register.
6. While allowing withdrawal the Counter PA
should consult the prescribed Register and make necessary entries for the cash
withdrawal from the respective account.
7. Counter PA should maintain the details of
cash received and remitted to Treasurer separately for WOS Notes and Current
Legal Notes.
CEPT team/FSI vendor is requested to put in
place necessary validation by deploying a Patch in Finacle application. Further
detail will be intimated in due course.
In the meanwhile, necessary instructions may be
issued to all concerned.
With regards,
Sachin Kishore
Director (CBS)
Sansad Marg,
Dak Bhavan
//copy//-SAPOST
