Handling Fee or charges for POSB Services

 

Fee for Post Office Savings Bank Services

At present various fees /charges which are collected for National Savings Schemes are collected under UCR either through POS module or manually. Provisions for collecting the fees/charges are now made available in Finacle.

The detailed process for collection of various fee/charges in Finacle as prescribed in Schedule-II of 'Government Savings Promotion General Rules" 2018 is as under: -
GSPR 2018:


Sl.NoNature of Fee/ChargeAmount (Rs.)GST %Manual/ Automated
1Issue of duplicate pass book.5018%Manual
2Issue of statement of account or deposit receipt (each case)2018%Manual
3Issue of pass book in lieu of lost or mutilated certificate (per registration)1018%Manual
4Cancellation or change of nomination5018%Manual
5Transfer of account10018%Manual
6Pledging of account10018%Manual
7Issue of cheque book in Savings Bank Account - No fee for upto 10 leaves in a calendar year and thereafter at Rs. 2 per cheque leaf218%Automated
8Charges for dishonour of cheque10018%Automated for Inward /Outward Reject and Manual for Outward Reject for cheques lodged in office account 0382

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