SB Order No. 12/2019 : Change in the limit of accepting POSB Cheques for deposit in SB/PPF/SSA/RD accounts

Streamlining 0382 - Interim for cheques already cleared but not utilised in DOP finacle

Dear Sir/Madam,

I am directed to convey the following

This is regarding the Interim solution for the issues reported on account of streamlining debit entries in office account 0382.

Post offices were not able to open new accounts or subsequent deposits due to following reasons

1. POs where cheques were cleared and credits available in 0382 office account , but the debit balance was made zero on 21/01/2019 for  the office account ( 0382).

2. POs where cheques were not lodged but office account 0382 was debited directly for opening new account and subsequent deposits. These POs have not followed the mandated cheque clearing process.

Though instructions were given to utilise the credits in 0382, many SOLs have failed to open new accounts / subsequent deposits for the credits which were available in 0382.

It is seen that many HOs are not using zone operations for cheque clearing. POs are directly debiting funds after cheques are cleared. Validations have been built to restrict transfer in CXFER. POs are requested to follow cheque clearing process scrupulously to ensure that sufficient funds are available in office account 0382 after regularisation of cheques. It is seen that only 3876 SOLs have credits in 0382 and 157 SOls are having credits in 0017 through zone operations for the month of January 2019.

It is suggested that the concerned HOs can lodge the cheques once again and credit 0382 account post approval of the concerned Division. These relodged cheques should not be sent to clearing house again as these cheques have already been accounted. We can allow this re-lodging till 29/01/2019. SOLs can regularise the zone and cheque amount can be utilised for deposits/account opening with the original clearing date as value date. This will also ensure that the SOLs under scenario 2 explained above, will commence zone operations and proper utilisation of 0382. Divisions to ensure that relodging is completed before 29/01/2019.

              Cheques pending for account opening/subsequent deposits to be consolidated and lodged on same day after approval from Divisional head.  It is responsibility of the POs to ensure that only those cheques which are cleared and accounted already but not utilised for account opening/subsequent deposits to be lodged again.

             

              Please revert in case of any issues.

              This has the approval of DDG FS sir.

Thanks and Regards

Gopinath S

Inspector Posts

Data Migration Command Centre(CBS)

Chennai 600 002

9962067155

Streamlining office accounts 0382 & 0017 accounts in DOP Finacle- Important

Dear Sir/Madam,

I am directed to convey the following

This is regarding the point (3) in trail mail

Balances in office account 0382 should always be 0 or in credit. Validations are to be deployed for not allowing DEBITS in office account 0382 if the balance of the account is in DEBIT. As part of this activity, debit balances in this office account (0382) will be nullified to zero after 15/01/2019. Henceforth, debit from this office account cannot be done if sufficient balance is not available. Suitable instructions to be issued to POs for following cheque clearing process correctly to ensure that necessary credits are available in 0382 office accounts before debiting. Further, circles should ensure that reconciliation in 0382 office account is completed and debit balances are tallied against necessary cheque clearance and the same is accounted in daily account. This exercise should be completed by all circles. Discrepancies if any to be reported immediately.

Due to technical issues, patch for nullyfying the debits was not deployed and necessary parameters have not been changed . This will be done on 21/01/2019.

It is learnt that several POs have not opened new accounts/posted subsequent deposits for the cheques which were cleared in earlier dates. Post deployment of this patch, POs will not be able to use these credits for account opening/subsequent deposits as their 0382 office account is already in Debit Balances.

All POs are requested to open new accounts /post subsequent accounts for the cheques where clearance is completed and balances are available in 0382 immediately. Sub Offices / HOs should open new accounts/post subsequent deposits for all cheques which got cleared on or before 21/01/2019 without fail. HOs are requested to inform their sub offices over phone/mail for the cheque cleared on 21/01/2019 to open new accounts/post subequent deposits on 21/01/2019 itself.

Please revert in case of any clarifications.

Thanks and Regards

Gopinath S

Inspector Posts

Data Migration Command Centre(CBS)

Chennai 600 002

9962067155

Instructions on Outward Zone with immediate effect in DOP Finacle

The following instructions are issued with respect to Outward zone with immediate effect

1.       Please do not lodge more than one instrument ( Cheque) in single SET against account  in Outward zone in HOCTM

2.       If already lodged in past date, please do not attempt  “Release to shadow balance” in HMCLZOH  till further instructions

3.       In case of emergency, please revoke the suspension of Outward zone in HMCLZOH, then delete the multiple instruments ( Cheques) by using HOCTM so that only one instrument may be retained in a SET of Outward zone

Further update on above points will be sent within a day or two, on receipt of solution from Infosys

​Thanks & regards,

CEPT - FSI Team