Thursday, July 22, 2021

Auto deduction of Cheque charges in POSB Account in Finacle - Patch Deployment

  Admin       Thursday, July 22, 2021

Rs.23.60/- for First 20 leaf in the Calendar year
Rs.47.20/- for Subsequent issue of Cheque book in the calendar year
Automatically deducted from concern SB Account
Passbook Entry may be made for the deducted charges

Dear Teams,

From today onwards in CBS offices, charges for issue of cheque book will be deducted automatically from SB account during HICHB verification. No fee will be collected for the first 10 leaves in a calendar year and thereafter will be charged at Rs. 2 per cheque leaf plus applicable GST (presently 18%). Before deduction of charges, system will check for the number of cheques issued during the current calendar year in Finacle.

Note:
If cheques have not been issued for the current calendar year and cheque book with 20 leaves is issued in HICHB for an account, an amount of 20 + 3.60 GST (Rs.23.60) will be deducted automatically from SB account during HICHB verification

If 10 cheques were already issued during this calendar year, if a cheque book with 20 leaves is issued in HICHB, an amount of 40 + 7.20 GST (Rs.47.20) will be deducted automatically from SB account during HICHB verification.

With regards
Giriraj Ponnambalam
CBS Team Lead
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