Savings Bank

When an unmarried individual holding savings accounts in the Post Office passes away, handling the claim involves sensitive legal and procedural steps. Often, family members—especially siblings—seek account details either through…

The Senior Superintendent of Post Offices, Madurai Division, has issued important guidelines to address issues related to short/excess interest payments during claim closures and complaints regarding premature closures of Post…

Sometimes, ATM card replacement requests may face hurdles due to errors or technical challenges. Below is a step-by-step guide to resolve issues related to ATM card replacement requests, based on…

In a recent directive issued by the concerned postal authorities, it has been clarified that physical verification of address is no longer required for depositors classified as "High Risk" (Category…

It has been brought to attention that there has been a significant increase in the failure of ATM transactions being performed by POSB customers due to non- technical reasons, as…

When an account holder passes away, the closure of the account and the disbursement of funds to the nominee or legal heir must follow specific steps. If the account is…

When it comes to withdrawals from Savings Bank (SB) Cheque Accounts in the post office, the general rule is : if an account is converted into a cheque account, transactions…

Clarification on Regularization of Accounts Opened in Deviation of National Small Savings Schemes The Department of Economic Affairs (DEA), Ministry of Finance, has issued important clarifications regarding the regularization of…

The below is the extract form the POSB Order 23/2021. If the depositor is doing a signature then the thumb impression is not allowed... as if counter PA and Supervisor…