The POSB Rate of Interest has been revised vide Ministry of Finance OM No. F.No.1/4/2019-NS dated 28/06/2024. There are no changes in the rate of interest revised for the 1st quarter of the financial year. Therefore, the same rate of interest will con…
When date of opening of the account is wrongly migrated and resulting in excess payment to the Depositor This illustrations explain clearly about the excess payment to the depositor due to wrong migration of of account opening date. Assume that a ll…
Interest rates of various Small Savings Schemes for the second quarter of financial year 2021-22 starting from 1st October 2021 and ending on 31st December 2021 shall remain unchanged from the current rate applicable for the 2nd quarter for 2021-22
Dear Sir, As per CBS manual rule 28 withdrawal mode is not as Postmaster's cheque , hence withdrawl from Saving Account cant be taken through Postmaster's Cheque. The rule is placed below. 28. WITHDRAWALS/DEBITS FROM SAVINGS ACCOUNT:…
The revised Rates of Interest on various Small Savings Schemes Including Saving Deposits, Public Provident Fund, Kisan Vikas Patra and Sukanya Samriddhi Accounts Scheme for the 4th Quarter of financial year 2017-18 is as below: Instrument Ra…
W.e.f 01.12.2017 as per SB order 15/2017 1.On closure of any account either on maturity or on premature (other than SB account), the closure amount shall be paid only by credit into a SB Account from 01.12.2017 2. Interest in respect of all …
Problem: When anyone try to modify the account at the account level by using the menu modification after verification the system will throw sometimes the error message FER000932-invalid Request-either request is having malicious code or request …
SAVINGS ACCOUNT ISSUES AND SOLUTION (i) How to see balance in SB Account at the time of deposit and withdrawal Solution:- Please see below screen shot. Many POs raise the issue of BBT (Balance before transaction) in Finacle like legacy sys…
Change in Account Opening Form and Introduction of new KYC Form for CBS Post Offices. The Customers or Officials Can be downloaded the form for Account Opening in Finacle or Latest KYC Form using the below link Download Forms of CBS Finacle …
In Finacle Date of Birth is mandatory Field. If Age is less than 18 years, The Account is treated as Minor and Guardian CIF becomes necessary in Account opening. According to POSB rules A child, age of 10 years can open the Account self. The follo…
SB Issues and Solution in Finacle Issues 1: How to see balance in SB Account at the time of deposit and withdrawal ? Solution:- Invoke Menu CTM and then Enter Account Number Please see below screen shot. Issues 2 : What to do…
SAVING ACCOUNT CAN BE OPENED UNDER THE FOLLOWING SCHEMES • SBBAS – Saving Bank – Basic Saving Account • SBCHQ – Saving Bank –With Cheque Book • SBGEN – Saving Bank – Without Cheque Book • SBPEN – Saving Bank – Pensioners With Cheque Book …
