Tuesday, June 20, 2023

Presentation and updation of Passbook in CBS Post Offices



 4(12). Presentation and updation of Passbook in CBS Post Offices

(i) Presentation of passbook is mandatory for all withdrawals / transfers using withdrawal form (SB-7) and in case of withdrawal / transfer using POSB Cheque and at the time of deposit transactions, it is not mandatory.

(ii) If an illiterate depositor attends any post office for deposit/withdrawal, presentation of Passbook is mandatory.

(iii) If depositor whose account stands at any GDS Branch Post Office attends any CBS Post Office for deposit/withdrawal, presentation of Passbook is mandatory.

(iv) The passbook shall ordinarily be presented for all the withdrawals or deposits made at the counter and in case deposits or withdrawals are made by using cheque or any electronic mode, the passbook, wherever issued, may be presented at any CBS Post office at-least once in six months for bringing it up to date.

(v) Whenever or wherever, the Passbook is presented at any time in any CBS Post office for bringing it up-to-date, the Passbook should be updated using Passbook Printer, where the passbook printer is provided.



 

Source : POSB CBS Manual Corrected upto 31/12/2021, Page No 31