SB Order No 21/2020 : Amendment to procedural rule in POSB (CBS) Manual/ POSB Manual Volume

SB Order 21 / 2020 : Incentive Payable To GDS SPMs / BPMs - Amendment To Procedural Rule in POSB CBS Manual

In order to streamline payment of Incentive/Commission to GDS/SPM BPM for opening of National Savings Time Deposit Accounts, POSB(CBS) Manual, Appendix VIII, para I Note 4 / POSB Manual Volume I, Appendix X, para 1 Note 4 is amended as below 

Incentive will be payable to SPMs/GDS BPMs irrespective of the location of Post Offices i.e whether in rural area or in urban area subject to the condition that the address of the depositor falls within the delivery jurisdiction of the respective GDS Sub Post Office / Branch Post Office