The undersigned is directed to say that Finacle CBS application is being implemented in POSB in place of Sanchay Post. The first office is likely to be migrated on 30 Nov and will be live on 2 nd December 2013. Finacle CBS application docs not support at source payment of commission to agents. Therefore, the matter was taken up with Min. of Finance for allowing credit of commission to the savings accounts of the agents. Now, the Min. of Finance vide memo F.No.2/7/2012-NS-11 dated 23-10-2013 has allowed the payment of Commission to SAS/MPKBY/PRSG Agents through their Savings Accounts in Post Offices migrated to CBS platform.
Hence, it is requested to start a drive for opening of Savings Account by all the Active agents/PRSG Leaders. While opening Savings Accounts, agency number of the agent and his PAN number should be entered so that at the time of migration of data, the same can be automatically linked to the concerned agent. PRSG Group leaders can open savings account in their name.
While opening account for them, their personal PAN number and Authority Letter No. issue by their employer or any registration number assigned by post office should also be entered. If any agent is already having savings account in the post office where his agency is entered, that account can also be identified for credit of commission and agency number as well as PAN number of the agent can,be entered against the existing account number also. T.N Circle should take immediate action in this regard as Pilot is going to be started from that circle
This issues with the approval of the Member (tech.)
