Account holders have the flexibility to close their accounts either before or on/after maturity, using various payment methods such as:
- Cash (for amounts less than Rs. 20,000)
- POSB credit
- Interest credit
- Credit from other banks
For a seamless process, follow our step-by-step guide on creating a liability in the SAP module for cheque payments.
Step by Step User Guide for creating liability
1. Invoke F-02 in SAP Module
2. Fill in the Following Details:Login to the SAP Module and Invoke the Tcode F-02
- Document Date
- Posting Date
- Type: DR
- Company Code: DOPI
- Currency Rate: INR
3. First Line Item
- Pstky: 40 (Debit Entry)
- Account: 4200030013 (GL for Postmaster Cheque Account)
- Press Enter.
4. Enter POSB Maturity/Interest Amount
- Amount: [Enter the maturity/interest amount to be paid to the Post Office Savings Bank Customer]
- Click on 'More' to enter the Profit Center, then press Enter to update the Profit center to move to main screen.
5. Next Line Item
- Pst Ky: 11 (Credit Memo)
- Account: 7000000320 (One time PBS Customer). Click here to know PBS one time Customer of your Circle
- Press Enter.
6. Fill in Customer Details:
- Title
- Name
- City
- Pincode (Postal Code)
- Country: IN
- Press Enter and enter the amount again.
7. Simulate and Post the Document
- Press Shift+F9 or click on Document > Simulate to review.
- Press Ctrl+S or click on Document > Post
8. Note Down the Document Number
- Make sure to note down the Document Number for future reference.
For Cheque Issuance:
- The Postmaster/SPM can issue a cheque directly using transaction F-58 if the Post Office is a Cheque Issuing Office:
For Other Sub Offices:
- The SPM should raise a request for issuing a cheque to the concerned Head Post Office using transaction ZF110.
Cheque Requesting Process:
1. Invoke ZF110 in SAP Module
- Click on 'CQ Request Initiation' and press Enter.
2. Fill in the Following Details:
- Customer: 7000000320 (for Tamilnadu Circle) Click here to know PBS one time Customer of your Circle
- Fiscal Year: 2024
- Document No: Enter liability document created
- Press Enter and submit the request.
Approval Process:
Login as SPM:
- Invoke transaction ZF110 and go to the Approval section.
- Approve the request.
Updates:
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Is it applicable for Non POSB amount ? like bill payment ?
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