Division of Submit has been receiving varied representations from the depositors that as a result of outdated age or sickness they’re unable to attend submit workplaces for withdrawal or mortgage or closure or untimely closure of their accounts. To ease the difficulties confronted by the senior residents or folks struggling with sickness, the postal division has has determined that “in case of utmost exigencies (senior residents or sickness of account holder or affected by bodily infirmity or is with differently-abled circumstances) the withdrawal or mortgage or account closure or untimely closure could also be allowed via approved individual”.
Nonetheless, for security of depositor’s cash, the postal division has come out with pointers for submit workplaces and account holders to be adopted for operation of account together with withdrawal/mortgage/closure/untimely closure of account via approved individual.
New submit workplace rule – listed here are the rules:
-The submit workplace account holder has to jot down an software in Type-12 to the postmaster involved, for operation of account – withdrawal/mortgage/closure or untimely closure of account and so forth – authorizing an individual for operation of his/her account.
-The signature of the approved individual needs to be attested by the account holder
-ln case of Joint B Account, any one of many account holder(s) can attest the signature of the approved individual (The approved individual shall not be an submit workplace agent or worker working within the submit workplace financial savings financial institution department)
-The account holder has to fill the withdrawal kind (SB-7)/closure kind (SB-7A) / account untimely closure kind (SB-7B)/Software for Mortgage (SB7C) because the case could also be in his/her writing and signed
-Self attested copy of ID and deal with proof of account holder(s) and approved individual must be enclosed.
-The approved individual has to submit passbook, authority letter (Type- 12), withdrawal kind (SB-7) / closure kind (SB-7A) / account untimely closure kind (SB-7B)/Software for Mortgage (SB-7C) because the case perhaps and KYC paperwork of account holder and approved individual at involved submit workplace
-The counter postal help after tallying the signatures will submit the case to supervisor for approval.
-The supervisor will examine and confirm paperwork in addition to signature of the account holder with workplace file and if he/she is happy’ he/she shall write order on high of the applying as “authorization accepted” and signal.
-In case the supervisor shouldn’t be happy, he/she could depute a accountable official to bodily confirm the request of account holder for withdrawal or mortgage or closure or untimely closure of his/her account earlier than effecting fee.
-Thereafter, counter postal assistant/supervisor will the method for withdrawal/Mortgage/Account closure/Account untimely closure, because the case perhaps.
-The fee shall be made by account payee cheque or credit score in to PO Financial savings Account or Financial institution Account of the account holder(s). No money fee’ will probably be given to the approved individual besides in case of withdrawal from financial savings account.
-Signature of approved individual ought to be taken in acquaintance a part of withdrawal kind/account closure kind/account untimely closure kind.
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