During End of Year (EOY) this office had taken following action to prevent any unusual activity in the listed accounts.
  • No interest was calculated for the Savings accounts having balance > Rs.1 Cr.
  • All Savings Accounts having balance between 15Lac and 1 Cr. were frozen.
This office is receiving different kind of feedback from some circles and some circles have not yet replied.

It is therefore requested that following action is required to be taken by the circles in this regard:-
  1. Verify all the transactions occurred after migration in Finacle and balance migrated from Sanchaya to Finacle.
  2. If, Divisional Head is satisfied that all the transactions and balance in the account (as mentioned in the attached list) is genuine, a letter may be 
  3. sent to concerned postmaster to unfreeze the account using relevant finacle menu and Supervisor has to verify the same.
  4. If any discrepancy is noticed which is indicative of any fraud, Investigation Branch of Division/Region/Circle/Directorate should be informed and inquiry should be started immediately. Detailed report on all the transactions in such accounts should be sent to this office.
  5. If any mistake is noticed on the part of any user, detailed report on the mistake and full detail of such transaction should be sent to this office for providing solution to rectify the mistake.
It is requested that action on above points may kindly be taken urgently and status report may be sent to this office by 30.04.2016.