Deposit rule changed at post offices for benefit of account holders

• Earlier users can only deposit a maximum of ₹25,000 in a day at non-home branch

• Following various complaints, the Department of Post has decided to revise the earlier norms

In a statement, the Department of Post said that the revision of earlier limit of ₹25,000 is applicable for post office savings account, Public Provident Fund (PPF) and Post Office Small Savings (POSS) schemes, Sukanya Samriddhi Account (SSA) and Recurring Deposit (RD).

All post office savings banks or POSB cheques issued by any core banking solutions branch or CBS is accepted at any post office branches and should not be sent for clearance. The is no maximum limit applicable for a non-home branch deposits.

All POSB cheques issued by any CBS Post Office, if presented at any CBS Post Office should be treated as at par cheques and should not be sent for clearing,” the Department of Post said in a statement.

After receiving a lot of complaints from the customers, the Department of Post has recently announced that you can now deposit a cheque of any amount at non-home branch. Earlier users can only deposit a maximum of ₹25,000 in a day at non-home branch.