Cheque Liability creation for POSB Customer for Maturity/Interest Payment

Account holders have the flexibility to close their accounts either before or on/after maturity, using various payment methods such as:

- Cash (for amounts less than Rs. 20,000)

- POSB credit

- Interest credit

- Credit from other banks

- Cheque (requires creating a liability in the SAP module)

For a seamless process, follow our step-by-step guide on creating a liability in the SAP module for cheque payments.

Step by Step User Guide for creating liability

1. Invoke F-02 in SAP Module

Login to the SAP Module and Invoke the Tcode F-02

2. Fill in the Following Details:

• Document Date
• Posting Date
• Type: DR
• Company Code: DOPI
• Currency Rate: INR

3. First Line Item

• Pstky: 40 (Debit Entry)
• Account: 4200030013 (GL for Postmaster Cheque Account)
• Press Enter.

4. Enter POSB Maturity/Interest Amount

• Amount: [Enter the maturity/interest amount to be paid to the Post Office Savings Bank Customer]
• Click on 'More' to enter the Profit Center, then press Enter to update the Profit center to move to main screen.

5. Next Line Item

• Pst Ky: 11 (Credit Memo)
• Account: 7000000320 (One time PBS Customer). Click here to know PBS one time Customer of your Circle
• Press Enter.

6. Fill in Customer Details:

• Title
• Name
• City
• Pincode (Postal Code)
• Country: IN
• Press Enter and enter the amount again.

7. Simulate and Post the Document

• Press Shift+F9 or click on Document > Simulate to review.
• Press Ctrl+S or click on Document > Post

8. Note Down the Document Number

• Make sure to note down the Document Number for future reference.

For Cheque Issuance:

• The Postmaster/SPM can issue a cheque directly using transaction F-58 if the Post Office is a Cheque Issuing Office:

For Other Sub Offices:

• The SPM should raise a request for issuing a cheque to the concerned Head Post Office using transaction ZF110.

Cheque Requesting Process:

1. Invoke ZF110 in SAP Module

• Click on 'CQ Request Initiation' and press Enter.

2. Fill in the Following Details:

• Customer: 7000000320 (for Tamilnadu Circle) Click here to know PBS one time Customer of your Circle
• Fiscal Year: 2024
• Document No: Enter liability document created
• Press Enter and submit the request.

Approval Process:

Login as SPM:

• Invoke transaction ZF110 and go to the Approval section.
• Approve the request.