Create cheque liability for Post Office Savings Banking Customer to issue a cheque for maturity/interest payment

Postal Saving schemes can be closed pre-maturity or on/after maturity by Cash only if the amount is less than Rs.20,000/-/POSB Credit - Interest credit/Other Bank Credit/Cheque

When the payment is to be done through Cheque, the liability to be created for the maturity or interest to be paid to the customer in SAP Module. Then Postmaster will issue cheque F-58

Invoke F-02 Fill the followings: 

Document date, Posting date, 

Type : DR, Company 

Code : DOPI, 

Currency Rate: INR 

Pstky : 40

In, First Line Item Account 4200030013 Press Enter

4200030013 Postmaster Cheque Account GL in SAP Module

Fill the followings:

• Amount: <Maturity/Interest amount to be paid to PBS Customer>
• Click on More to enter Profit Center
• Press Enter

In Next Line Item:

Pst Ky: 11

Account: 7000000320

Press Enter

Fill the followings:

Title :

Name:

City:

Pincode(Postal code):

Country: IN

Region: 22

Press Enter

Enter Amount

Press Shift+F9 or Click on Document > Simulate

Press Ctrl+S or Click on Document >Post 

Note down the Document No

If the Post Office is a chque issuing office, Postmaster/SPM can use a cheque using F-58 . Other Sub Offices, the SPM can raise a request for issuing cheque to the concern Head Post Office by using ZF110.

Invoke ZF110

Click on CQ Request Initiation & Enter

Fill the followings:

Customer : 7000000320

Fiscal year : 2024

Document No :

Press Enter

Submit Request.

Login as SPM, Invoke ZF110, Approval

Approve the same