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14 September 2011

Restriction on opening of more than one account in the same scheme in the name of same depositor or acceptance of more than one purchase application of the same scheme in the name of same depositor in one post office on a single day

SB ORDER NO. 14/2011

No.116-35/2009-SB Government of India Ministry of Communications & IT Department of Posts

Dak Bhawan, Sansad Marg, New Delhi-110116. Dated: 05.08.2011

To

All Heads of Circles/Regions Addl. Director General, APS, New Delhi.

Subject:- Restriction on opening of more than one account in the same scheme in the name of same depositor or acceptance of more than one purchase application of the same scheme in the name of same depositor in one post office on a single day-a further clarification regarding.

Sir / Madam,

The undersigned is directed to refer to this office letter of even number dated 30.6.2011 (SB Order No. 11/2011) on the subject and to say that this order was issued on receipt of complaints in this office as well as Min. of Finance (DEA) regarding deliberate splitting of amount to increase number of accounts. On receipt of various representations, the matter has been re-viewed and it has been decided to withdraw the restriction. However, it is requested that deliberate splitting of cash at the time of opening of account/purchase of certificates may be avoided.

2. This issues with the approval of DDG(FS).

Yours faithfully,

(Kawal Jit Singh) Assistant Director (SB)

Copy to:-
DDG(FS)/DDG(VIG)/JS&FA/DDG(PAF/DDG(RB)/DDG (Estt.)
Director (Tech) O/o Pr. CPMG T..N Circle.
Director (FS)/Director (CBS), Dak Bhawan.
Director of Audit (P&T), Delhi.
All Directors/Dy. Directors of Accounts, Postal
Director, Postal Staff College, Ghaziabad.
All Directors, Postal Training Centres.
Director PTC Mysore for uploading the SB order on India Post Web Site.
A.D (Tech), SDC Chennai O/o CPMG T.N.Circle, Chennai.
AD /Inspection/PF/Vigilance
All Accounts Officers ICO(SB)
All recognized unions.
MOF(DEA), NS-II, North Block, New Delhi
PS to Member (T)
PPS to Secretary Posts. 

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