Post Office withdrawal guidelines eased for senior residents. New course of defined

Department of Post has been receiving varied representations from the depositors that on account of previous age or sickness they’re unable to attend put up places of work for withdrawal or mortgage or closure or untimely closure of their accounts. To ease the difficulties confronted by the senior residents or individuals struggling with sickness, the postal division has has determined that “in case of maximum exigencies (senior residents or sickness of account holder or affected by bodily infirmity or is with differently-abled circumstances) the withdrawal or mortgage or account closure or untimely closure could also be allowed by approved particular person”.

However, for security of depositor’s cash, the postal division has come out with tips for put up places of work and account holders to be adopted for operation of account together with withdrawal/mortgage/closure/untimely closure of account by approved particular person.

New put up workplace rule – listed below are the rules:  

-The put up workplace account holder has to put in writing an utility in Form-12 to the postmaster involved, for operation of account – withdrawal/mortgage/closure or untimely closure of account and so on – authorizing an individual for operation of his/her account.

-The signature of the approved particular person must be attested by the account holder

-ln case of Joint B Account, any one of many account holder(s) can attest the signature of the approved particular person  (The approved particular person shall not be an put up workplace agent or worker working within the put up workplace financial savings financial institution department)

-The account holder has to fill the withdrawal kind (SB-7)/closure kind (SB-7A) / account untimely closure kind (SB-7B)/Application for Loan (SB7C) because the case could also be in his/her writing and signed

-Self attested copy of ID and tackle proof of account holder(s) and approved particular person need to be enclosed. 

-The approved particular person has to submit passbook, authority letter (Form- 12), withdrawal kind (SB-7) / closure kind (SB-7A) / account untimely closure kind (SB-7B)/Application for Loan (SB-7C) because the case perhaps and KYC paperwork of account holder and approved particular person at involved put up workplace

-The counter postal help after tallying the signatures will submit the case to supervisor for approval. 

-The supervisor will examine and confirm paperwork in addition to signature of the account holder with workplace document and if he/she is glad’ he/she shall write order on prime of the applying as “authorization accepted” and signal.

-In case the supervisor is just not glad, he/she could depute a accountable official to bodily confirm the request of account holder for withdrawal or mortgage or closure or untimely closure of his/her account earlier than effecting cost.

-Thereafter, counter postal assistant/supervisor will the method for withdrawal/Loan/Account closure/Account untimely closure, because the case perhaps.

-The cost shall be made by account payee cheque or credit score in to PO Savings Account or Bank Account of the account holder(s). No money cost’ shall be given to the approved particular person besides in case of withdrawal from financial savings account.

-Signature of approved particular person ought to be taken in acquaintance a part of withdrawal kind/account closure kind/account untimely closure kind.

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