ALL INDIA SAVINGS BANK CONTROL EMPLOYEES UNION, KERALA CIRCLE

Post offices moved a step closer to becoming banks. The government has allowed certain eligible branches to issue ATM cards to their account holders and also account statements instead of giving out passbooks, as most private sector banks do.  On Tuesday, the government issued a gazette notification amending the Post Office Savings Bank General Rules, 1981. The rules will come into force immediately. These facilities will be available to the branches that are working on core banking solution software, essentially branches that part of an electronic network.  Post offices currently provide savings account, recurring deposits, fixed deposits and many other small savings schemes run by the government including the popular Public Provident Funds.  The funds raised by them largely go to finance central and state governments. India post currently has about 1.55 lakh branches, nearly 90% are in the rural areas, which many experts see as a good vehicle for financial inclusion. Th

SB ACCOUNT CLOSURE: Before account closure, withdraw the entire sum and make the balance zero In case of cheque account, select all the unused cheques and then destroy them. To close the SB account: Menu Option   HCAAC Ø    Select ‘Close’ Ø    Enter the account no. Ø    Navigate the General/Closure details/Closure exception pages Verification by the Supervisor Ø    Select verify Ø    Select the account no. from searcher or enter the account no. Ø    Complete the vefication MIS Account Closure (By Cheque) Always use Trial close option first, note down the closure proceeds in HPR and then do the original closure.  Ø    Menu option -  HCAACTD    Ø    Enter the MIS account number. Always use the Trial close option to verify the amount & click Go.  Ø    General / closure details / closure exceptions pages will be displayed under different tabs.  Ø    In the General tab, check for the Name of the depositor, date of opening and amo

   ALL INDIA SAVINGS BANK CONTROL EMPLOYEES UNION (Service union under Dept. of Posts) CHQ UNION WEBSITE: http://www.aisbceu.blogspot.in/ [HQ- # 32 RANI KATRA CHOWK, LUCKNOW - 226 003  UTTAR PRADESH CIRCLE ] P.A.MATHRE                                                           R. K. TANDON                                             P.K.MISHRA PRESIDENT                                                  GENERAL SECRETARY                           TREASURER SBCO, MAHIM HO                                       O/ O CPMG, U.P.CIRCLE                           CPU, New Hyderabad MUMBAI-400016                                           LUCKNOW – 226001                                   LUCKNOW – 226007 CELL: 09819188067                                      CELL: 09415025900, 09616500831             09451028656 Email: prakashamhatre@gmail.com                     Email: rakeshshobha@gmail.com CHQ BULLETIN: 11