Credit of maturity value of Accounts into Customer's PO Savings Account

28. Credit of maturity value of Accounts into PO Savings Account

         The maturity value of any type of account / savings certificate may be allowed to be credited in an existing PO Savings account of the depositor standing in any CBS post office on the basis of request in the withdrawal form / savings certificate at the time of closure of Account or discharge of savings certificate. In such case, repayment account shall be Savings Account of the customer while closing the account in Finacle CBS. 

 

        In such case, the required pay-in-slip in SB-103 for the amount transferred into Savings Account shall be prepared by the Counter PA and duly signed by the Postmaster.

CBS Manual Page No 67, Corrected upto 31.12.2021