📢 Payment of POSB Closure Amount through Cheque in APT Application 2.0 under IT 2.0

 Step 1 – Close Account & Initiate Cheque Request

• After closing any POSB account and crediting the closure amount to Finacle Office A/c 340, go to:
  Treasury → Miscellaneous Receipts/Payments

  • Transaction Type: Payments

  • Transaction Mode: Cheque

  • Payee Name: Enter the recipient’s name

  • Remarks: Enter suitable remarks

  • Account Code: 8671005000 – POSB Payment Cheque Issued

  • Amount: Enter the closure amount

Step 2 – Treasury Supervisor Action

• Forward the request to Head Office (HO):
  Treasury → Approval of Miscellaneous Receipts/Payments → Forward

Step 3 – HO Treasury Action

• Issue the cheque in the Bank Module:
  Drawing Management → View Details → Issue Cheque

Step 4 – Automatic Flow

• The issued cheque will automatically be visible to the Source Office Treasurer.

Step 5 – Source Office Supervisor Action

• Approve the transactions.

Step 6 – Treasurer Action

• Dispose of the cheque:
  Treasury → Cash/Cheque → Cheque Disposal