- As we all know that SB 05/2016 pertains to steps to be taken for smooth functioning of POSB operation and prevention of frauds in CBS Offices.
- In SB order 05/2016 as per point number 11 may be read as follows
"Transfer of account/certificate from one scheme to another and transfer of certificates from one
person to another should be done at HO only. Any such request if received at any SO, should be
entered in a register and sent to HO along with documents and recommendations on the day of its
receipt. On receipt at HO, all such requests should be executed on the day of receipt and retuned to
SO duly signed. SO should maintain separate guard file for keeping such requests. This should also
be checked and verified by Inspecting/Visiting Officers. HO shall maintain register and guard file for
the requests presented directly at HO"
- Hence in SB order 05/2016 when an account/certificate came for scheme transfer or person to person transfer we have to transfer to the respective and that HO should process that request.
- Now as per the Addendum-II for SB order 05/2016 released by the Directorate dtd 10/11/2016. We have to follow the below process mentioned in the below attachment
- Transfer of accounts/certificates from one person to another person should be initiated at SO using HCCA (i.e., modify in SO ) and then sent to HO for verification.
CommentsComment