Cash Deposit Limit for Branch Post Office - POSB Manual

📌 Key Instructions & Observations

1. Issue Identified 

• BPMs in several offices are accepting cash deposits exceeding ₹50,000, which violates existing rules.
• In some cases, deposits were made into personal SB accounts of BPMs, which is a serious irregularity.

2. Rule Violated 

• This practice is contrary to Rule 68(1)(ii) of the POSB CBS Manual, updated till 31.12.2021.

3. Relevant Guidelines 

• As per SB Order 34/2020: After receiving vouchers from BOs, the PA/SPM must verify them against the list.
• Any discrepancies must be recorded as error entries and reported to the concerned SDI(P).

4. Directive Issued 

• As a preventive vigilance measure, all PMs/SPMs are instructed to: Disseminate the above rules and restrictions to all BPMs under their jurisdiction.
• Ensure strict compliance to prevent irregular practices.