5).Limit on the amount of deposit in Branch Post Offices when the deposit is made through Withdrawal form (SB-7) or Cheque.
Orders for acceptance of cheque and withdrawal form (SB-7) for Account opening and subsequent deposits at Branch Post Office have been issued in SB Order No. 22/2020 dated 18.06.2020 and SB Order No. 32/2020 dated 23.09.2020. The small savings schemes viz. MIS, SCSS, KVP, NSC and PPF were extended to Branch Post Office in SB Order No. 27/2020 dated 23.07.2020. Cash acceptance limit at Branch Post Office in an account in a day was raised from Rs. 25,000/- to Rs. 50,000/- in SB Order No. 3/2021 dated 05.03.2021.
In this regard, it is clarified that in respect of subsequent deposit / deposit for opening of any type of account, through Withdrawal form and Cheque, no such limit of Rs. 50,000/- in a day in an account is fixed.
Is it also applicable/admitted for BO Post Office Time Deposit New Account?
ReplyDeleteYes. It is applicable for any type of schemes. Cash limit 50000/- and no limit for opening of an account/ subsequent deposit made through withdrawal form or cheque at BO.
Deletefor more details about the acceptance of cash limit for BO https://www.potoolsblog.in/2021/03/sb-order-032021-regarding-revision-of.html
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