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Title : Relaxations done for acceptance PPF / SSA / RD Deposits due to COVID-19

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Relaxations done for acceptance PPF / SSA / RD Deposits due to COVID-19

Relaxations available for PPF / SSA / RD accounts due to COVID-19 will be withdrawn from 01/08/2020. Please intimate the SOLs to follow the instructions given below. 

SOLs should stop accepting cheques for previous FY deposits in PPF / SSA accounts based on the number of days they usually require to get the cheques cleared and get clearance information from the HO. For example, if it takes four days, they should stop accepting cheques from 26/07/2020 itself. If any cheque clearance information is received after 31/07/2020, there is no provision in Finacle to do those transactions (previous FY deposit) as the configuration changes are not reversible. Requests for extension of PPF accounts matured on 31/03/2019 should also be accepted before 31/07/2020 and forwarded to CEPT team.

Default fee will be applied as per PORD rulings for RD agent lists / RD deposits kept pending and posted after 31/07/2020​.

All SOLs should complete PPF / SSA / RD deposit transactions including posting of RD agent lists by 1600 Hrs. on 31/07/2020.

Transactions in PPF / SSA / RD accounts through EBanking / MBanking / IPPB channels will be stopped by 1900 Hrs. on 31/07/2020.

With regards

Giriraj Ponnambalam

Deputy Manager (CBS)

Centre for Excellence in Postal Technology, Chennai 600002

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