Clarification received from SSPOs, Bhubaneswar Division on acceptance of WOS banknotes though Post Office Savings Bank Accounts / P O S B Schemes
All India Postal Employees Union, Group-C
(Affiliated to National Federation of Postal Employees)
Bhubaneswar Divisional Branch
Ashoknagar Mukhya Dak Ghar, Bhubaneswar – 751 009
eMail : email@example.com, Blog : aipeup3bbsr.blogspot.in
Dated at Bhubaneswar the 10.11.2016
The Senior Superintendent of Post Offices
Bhubaneswar – 751 009
Sub: Clarification on acceptance of WOS banknotes though Post Office Savings Bank Accounts / P O S B Schemes
Ref.- i. S B Order No. 12 / 2016 (Dte.’s letter No. 116 – 11 / 2016 – SB, dated 08.11.2016)
ii. Dte.’s letter No. 116 – 11 / 2016 – SB, dated 09.11.2016
iii. C O eMail dated 10.11.2016
After going through the above orders on the captioned subject, a lots of confusions are arising as follows.
i. The introductory Para of S B Order No. 12 / 2016 circulated vide Dte.’s letter No. 116 – 11 / 2016 – SB, dated 08.11.2016 specifies deposits of WOS bank notes in Savings Accounts from 10thNovember to 30th December, 2016 and the same has been specified under Para 2 ( i ) of the said order.
ii. While no specific guideline has been issued in S B Order No. 12 / 2016 for accepting cash under any other POSB Scheme, Dte.’s letter No. 116 – 11 / 2016 – SB, dated 09.11.2016 specifies as follows:
a. Para -1 states that if KYC is not given by the depositor in any of the already opened accounts under any of the POSB Schemes, the amount can be deposited up to Rs.50000/- and if KYC already given, there is no limit on quantity or value of the specified banknotes (WOS) to deposit in the account up to 30th December, 2016.
b. Para 2 states that since MPKBY Agents are supposed to deposit amounts collected the same day, the contingency of these tendering Rs.500 / 1000 after 10th November, 2016 does not arise.
iii. But Circle Office eMail dated 10.11.2016 clarifies that deposits (WOS bank notes) from MPKBY agents can be accepted up 30-12-2016 which contradicts the instructions of the Directorate issued vide Para – 2 of letter No. 116 – 11 / 2016 – SB, dated 09.11.2016 reproduced above under Para – ii (b).
iv. Secondly, the clarification issued under Para – 1 of letter No. 116 – 11 / 2016 – SB, dated 09.11.2016 ( reproduced above under Para – ii (a) creates confusion as to whether WOS banknotes can be accepted under any other POSB Scheme or will be confined to PO Savings Bank Accounts only as specified in S B Order No. 12 / 2016 circulated vide Dte.’s letter No. 116 – 11 / 2016 – SB, dated 08.11.2016
Thus, it is requested to kindly arrange issuance of necessary clarification for smooth implementation of SB Order No. 12 / 2016 without any confusion.
Copy for kind information and necessary action to :
1. The Asst, Director (FS), O / o the Chief Postmaster General, Odisha Circle, Bhubaneswar – 751 001
2. The Circle Secretary, AIPEU, Group-C, Odisha Circle, Bhubaneswar – 751 007
3. The General Secretary, AIPEU, Group-C, CHQ, New Delhi – 110 008
Reply by SSPOs, Bhubaneswar Division
6:33 PM (18 minutes ago)