SB order 09/2015 Premature closure of POTD accounts before 6 months-clarification


  • Premature closure of POTD accounts before 6 months should not done as per the SB order 09/2015.
  • Directorate received references from various circles regarding mis-use of amended POTD rule 8(a) by some SAS agents/BPM's  to earn undue commission..
  • The competent authorty reviewed 8(a) and 8 (aa) of POTD rules 1981 and decided to refer back the issue to MOF(DEA) for restoring rule 8(a) and allowing renewal of POTD accounts in CBS post offices after maturity date without restrictions placed in the table under POTD rule-6(3).
  • Hence it is further decided that awaiting amendment by MOF(DEA), Post Offices will not allow to close the POTD accounts before 6 months from the date of receipt.
  • But in Finacle POTD accounts are  renewed  automatically in a batch, hence these acocunts can be closed because already maturity period is completed.
  • For Director copy regarding the SB order 09/2015 click the below attachment for reference.

4 comments

dear sir kindly solve the agent portal problem .agent portal not worked properly.i am facing problem due to this i am not able to create lot.when i am going to open the portal many times it not worked but when it works portal closed automativally and so this message Error 404: SRVE0190E: File not found: {0}.so kindly do the needful as soon as possible

The website is really a mess. Every now and then server not found error keeps popping.
Its hard to believe agents are made to use such immature application. Looking at the current situation we would really like to roll back to Old (Non internet) process of making lots.

Such a pathetic website.

Thats true Prachi. This website is complete west of time. Keep throwing file not find every second. Please correct this problem asap.

Dear sir please solve the agent portal problem from three days I am trying to make rd lot but an error 404 file not found poping every time please solve this problem


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