SB ORDER NO. 4/2008

SB ORDER NO. 4/2008

No.113-5/2007-SB

Government of India

Ministry of Communications & IT

Department of Posts

Dak Bhawan, Sansad Marg,

New Delhi-110001, Dated: 14.3.2008

To

All Heads of Circles/Regions

Addl. Director General, APS, New Delhi.

Subject:- Amendment to Rule 24(2) of Appendix-I of POSB Manual Vol-I (1988 edition)/ Rule 24(3) of Appendix-I of POSB Manual Vol-I (corrected up to 31.12.2006) regarding withdrawal by SB-7 in cheque account.

Sir / Madam,

The undersigned is directed to say that the competent authority has amended Rule 24(2) of Appendix-I of POSB Manual Vol-I (1988 edition)/Rule 24(3) of Appendix-I of POSB Manual Vol-I (corrected up to 31.12.2006 & available on India Post web site). The text of the present provisions and amended provisions is given below:-

Rule 24(2) of Appendix-I of POSB Manual Vol-I (1988 edition)/ Rule 24(3) of Appendix-I of POSB Manual Vol-I (corrected up to 31.12.2006 & available on India Post web site).

Present provision

If a depositor of a cheque account wants to withdraw by means of an application for withdrawal, the postmaster should carefully examine the same and satisfy himself that the withdrawal is genuine. Withdrawal by means of application for withdrawal may be allowed in special cases.

Amended provision

If a depositor of a cheque account wants to withdraw by means of an application for withdrawal, the postmaster should carefully examine the same and after due satisfaction that the withdrawal is genuine may allow the withdrawal.

2. This may kindly be brought to the notice of all concerned.

3. This issues with the approval of Member (I&FS).

Yours faithfully,

(Kawal Jit Singh)

ASP(SB&CC)