Re-investment of matured amount in CBS post office.
In case, depositor wants
re-investment from one scheme's maturity value to another scheme, total
maturity value+interest should be credited/deposited under Office Account 0387
and then amount to be invested should be debited/withdrawn from this account
and credited/deposited in the concerned new account. Remaining amount can be
paid by cash/cheque from this account to the customer.
Supervisor/SPM should take print out of the
ledger copy of this office account by invoking HACLPOA or Office Account LOT
and cross verify all debits and credits with corresponding re-investment
entries in the LOTs on daily basis. Supervisor has to ensure that balance at
the end of each day in this account is Zero i.e against all the credits entered
for re-investment, amount should be debited from this account and concerned
accounts are credited or remaining amount is paid.
