SB Order No.35/2021 : Clarifications with respect to Post Office Saving Bank Operations

SB Order No.35/2021 : Clarifications with respect to Post Office Saving Bank Operations

1. Issue of Fresh Passbook in lieu of old passbook in any other CBS PO

2.Opening of Joint Account by two or more illiterate depositors or Jointly by Illiterate Depositor and literate depositor.

3.POSB Cheque facility to a Savings Joint Account opened jointly by a literate depositor and a illiterate depositor

4.Opening of a Basic Savings Account by an individual who is already having a Post Office Savings 'single' Account.

5.Limit on the amount of deposit in Branch Post Offices when the deposit is made through Withdrawal form (SB'7) or Cheque.

6.Change of guardian in any account.

7.Presence of the depositor at the time of opening of account.

8.Change of Joint Depositor in a Joint Account.

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