Acting of SAS/MPKBY/PPF agents as an agent or messenger of the depositor for the purpose of withdrawal of money in various saving schemes

Acting Agent can not be a Messenger : SB Order 07/2007

SB ORDER NO. 6/2007

No.110-13/2004-SB

Government of India

Ministry of Communications & IT

Department of Posts

Dak Bhawan, Sansad Marg,

New Delhi-110001.

Date: 1.6.2007

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

Subject:- Acting of SAS/MPKBY/PPF agents as an agent or messenger of the depositor for the purpose of withdrawal of money in various saving schemes.

Sir / Madam,

This is in continuation of this office letter (SB Order No. 29/2006) of even number dated 22.12.2006. In pursuance of Min. of Finance (DEA) letter No. F.1/2/2007-NS-II dated 29.5.2007, the Note 1 below Rule 33 of POSB Manual Vol-I is modified from the date of issue of this order and may be read as under:-

POSB Manual Vol-I Rule 33 Note 1:-

(i) Postmaster includes Sub-Postmaster, Branch Postmaster, Dy. Postmaster, A.P.M and SPMs in charge of SB Branch should not act as an agent or messenger of a depositor for the purpose of withdrawal from a saving bank account standing open in his office.

(ii) Any SAS/MPKBY/PPF agent cannot act as an agent or messenger of a depositor for the purpose of withdrawal from his/her saving bank account.

2. This rule is applicable for all type of account in all the small saving schemes.

3. It is requested that this may kindly be brought to the notice of all concerned for information, guidance and necessary action.

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

Yours faithfully,

(Kawal Jit Singh)

Assistant Superintendent Posts

(SB&CC)