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Saturday 22 August 2015

Initiatives to be undertaken to Promote PO SB Schemes Nowadays there is lot of pressure on the postal staff to promote PO SB schemes and to open PO SB accounts. Postal Directorate has communicated some initiatives which will help in promotion of PO SB schemes.

F.No.63-01/2015-SB
Government of India
Ministry of Communications & IT
Department of Posts
(F.S. Section)
                                                                                                Dak  Bhawan, New Delhi
                                                                                    Dated: 30.06.2015
To
            All Heads of Circles,

Sub:    Initiatives to be undertaken for promotion OF POSB schemes-reg.

            This is regarding promotion of Post Office Savings Schemes to meet the financial inclusion mandate in the rural areas. There are some initiatives which may promote the opening of POSB accounts. Some of the steps to be taken are suggested as blow:

i.          PO staff salary and wages accounts can be opened in the Post Offices with cheque facilities. The PO staff can continue to keep their bank accounts and enjoy loan and card facilities by simply issuing the POSB cheque towards their bank accounts and transfer whatever amount and may carry on banking activities.

ii.         All staff (Departmental, GDS/contingency paid and outsiders) may be paid salary and wages through POSB accounts.

iii.        POSB accounts may be opened in the name of social security beneficiaries (OAP) for crediting the social security benefits into their respective accounts. (SOP enclosed).

iv.        POSB accounts may be opened in the  name of Landlords who have  given  their building on rent to the Post Offices, for crediting the monthly rent to be paid to them.

v.         POSB accounts may be opened to all the pensioners who are getting pension from the Post Offices for crediting their monthly pension in their respective accounts.

vi.        Maturity payments to RD, TD,PPF,PLI,RPLI etc. may be paid  through POSB accounts. Postmasters may be instructed to persuade the customers to take payment through POSB accounts.

vii.       Delivery staff may be motivated to carry SB-3 application forms and receipt book so that they may bring in at  least one account per day.

viii.      A few GDS may be appointed exclusively to work as pygmy collectors from 5 PM to 9 PM in the whole  sale or retails  market area collecting daily cash from small vendors (Vegetable vendors,Hawkers, Petty shops/stores etc). SOP is enclosed with a certain arrangements of solidity and amenability to monitoring.

ix.        Deceased claim cases settlement and payments may be routed through POSB accounts, Beside this all  discharge payment of certificates can also be routed through POSB and no coercion shall be used.

x.         Opening of POSB accounts by the proponents of PLI/RPLI and Identification of POSB promoters in each Division to exclusively promote POSVB Schemes.

xi.        Under the Member of Parliament  village adoption programme, the entire village may be got covered-“Samporna Bachat/Bima/Sukanya Scheme “ with necessary support from the concerned Hon`oble Member of Parliament.

xii.       Advance SMS may be sent in case of maturity instrument and request be made to the customer to open SB account.

xiii.      Reinvestment by the existing customers may also be ensured.

xiv.      The SB account can be opened in CBS Post Office without taking KYC documents  again, if the earlier investment /account  opening has been done  after obtaining KYC documents. It will get linked to CIF, SB Account can be opened at the time of maturity of any instrument/investment also, if before maturity, KYC documents are to be collected, wherever applicable. A single AOF form will have to be filled.

xv.       As per prevailing banking practice, having SB account  has many benefits. Internet Banking, Debit card etc. facilities will also become available in all CBS Account for easy fund transfer to/from other accounts/instruments, held by him.

These issues with the approval of Member (Banking & HRD)
                                                                                                  Sd/-
                                                                                                 (Sachin Kishore)
                                                                                                    Director (FS)


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