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March 13, 2017

SB Orders related to Closure of Savings Account in Post Offices through Messenger and Agents can not act as an Messager

Closure of Savings Account in Post Offices through Messenger

06/2007 - Subject :- Acting of SAS/MPKBY/PPF agents as an agent or messenger of the depositor for the purpose of withdrawal of money in various saving schemes. 

Agents can not act as an messenger of a depositor for the purpose of withdrawal from his/her savings bank account


15- Subject:- Closure/Premature closure of accounts- revision of format of account closure form SB-7A regarding. 

No Cash Payment should be given to the Messenger at the time of Premature Closure / Closure of an account


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