All India Association of Postmasters & Supervisors

Previously , people with accounts in postal department can only use the services of the India Post ATMs. Today Reserve Bank of India (RBI) has approved the India Post's proposal for interoperability of its ATMs with other banks.  Equipped with a wide network of core banking solution (CBS) branches, Pensioners and other savings bank account holders, including Monthly Income Scheme (MIS) account holders with the postal department need not hence-forth wait in long queues for withdrawal of cash. They could withdraw up to a maximum of Rs.10,000 at a time from any ATM in India with the ATM cards issued to them. 

Merger of CIF in Finacle CIF Merger may be for the following reasons: When one person is having several accounts in different CIF ID On death of a single account holder the nominee or legal heir wants to continue the account of the deceased. Menu in Finacle   HCCA Invoke the above menu in Finacle, to merge the CIF ID. Operator Process  Operator have to invoke the menu called  HCCA , select the Function   M- Modify . Enter the account number to which the CIF ID is to be merged. Click on  GO  button using Mouse / Press  F4  using Keyboard to go the next screen. Enter New CIF ID of the Customer. Click on Yes in Modify A/C Name if any changes in customer name. Select the Proper reason code then  Submit  using Mouse / Press  F10  using Keyboard.                                            ...

In continuation of earlier fraud prevention measures taken vide SB Order 5/2016 along with its Addendum, the competent authority has decided to take the following further measures:- Complete Debit Freeze to office account 0340. No withdrawal/debit transactions can be done from this office account; wherever posting of accounts closed by BO are to be posted, the repayment account ID should be changed to office account 0339. At the time of closure of any account, if payment is to be made by Postmaster Cheque, then repayment account ID should be entered as 0340 account. Arrears/GPF or any payments to be made to serving employees with the approval of competent authority should be made from the Salary Account 0409 and not from 0340. All other Government Subsidies should be done from the DBT Account 0410. If customer has a Savings Account in CBS Post Office, Closure proceeds of all RD/TD/MIS/NSC/KVP/SCSS accounts, can be credited to customer's Savings Account by selecting ...

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Ministry of Finance, Department of Economic Affairs, vide its OM Dated 8.4.2016 has now allowed sale of physical pre-printed NSC and KVP by post offices​. However, post offices either CBS or non CBS should place rubber stamps on NSC & KVP before handing over to the customer/Agent. Sample of rubber stamp is enclosed in the below link.

Finacle Slowdown - Accepting of transactions through BCP   Click here to view the alternative procedure to be followed to accept the transactions when Finacle is not accessible.   Click here to view the procedure to be followed to accept MPKBY agent transactions when agent portal is not working.   Click here to download the Agent RD transactions bulk upload tool.

In the Picture Shri Allu Suresh, Post Master(Grade-I) and his staff inaugurating CBS Finacle

Role of SBCO in CBS environment. In the CBS Environment, following procedure will be followed by Post Offices and SBCO Officials  for Transactions happened in CBS Post Offices:- 1.         General 1.1   As and when SOs are migrated to CBS, staff working in SOSB Branch should be reduced and re-deployed either at POSB Counters or at CPC or in the SBCO Branch for assistance in physical voucher checking. 1.2   Incharge SBCO will identify one SBCO PA who will take vouchers bundles with consolidation from Sub Account and tally totals shown in consolidation with amount shown in SO Daily Account and SO Summary. 1.3   Handling of Agent Commission Schedules and ACG-17 by SBCO will be discontinued. ACG-17 will be preserved alongwith Agent Commission Report/schedule in the Accounts Branch of HPO and sent to PAO alongwith other schedules. 1.4   In case of RD deposits accepted through MPKBY Agents, only two copies of...