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Handling Fee or charges for POSB Services

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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.No Nature of Fee/Charge Amount (Rs.) GST % Manual/ Automated
1 Issue of duplicate pass book. 50 18% Manual
2 Issue of statement of account or deposit receipt (each case) 20 18% Manual
3 Issue of pass book in lieu of lost or mutilated certificate (per registration) 10 18% Manual
4 Cancellation or change of nomination 50 18% Manual
5 Transfer of account 100 18% Manual
6 Pledging of account 100 18% Manual
7 Issue of cheque book in Savings Bank Account – No fee for upto 10 leaves in a calendar year and thereafter at Rs. 2 per cheque leaf 2 18% Automated
8 Charges for dishonour of cheque 100 18% Automated for Inward /Outward Reject and Manual for Outward Reject for cheques lodged in office account 0382

Notice: All guidelines, procedures, circulars, and operational data are owned by the Department of Posts, Government of India (India Post). DigiMit is an independent employee knowledge & learning platform sharing verified technical resources for staff facilitation.

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