Some important rules have been incorporated in new Sanchaya upgradation. RD agentsshould have been educated about the new changes in the software. Otherwise bulk list cannot be posted in the Sanchaya Post. Following are the important rules in connection with RD Accounts incorporated in the new update.
1. If next monthly deposit in RD account opened, between 1st and 15 th of a month is not deposited by 15 th of following month and next monthly deposit in RD account opened between 16th and last working day of a month is not deposited by last working day of the following month, default fee @5 paise for every 5 rupees shall be charged. This will be applicable to both CBS and non CBS post offices.
2. If, any RD account, there is monthly default(s), the depositor has to first pay the defaulted monthly deposit with default fee and then he can pay the current monthly deposit. This will be applicable for both CBS and non CBS post offices.
The original SB order in connection with above changes can be seen from following link.
courtesy: postbankofindia.blogspot.in
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