Thursday 17 December 2020

Clarifications regarding Maturity / Premature Closure(PMC) of Accounts through Agent /Messenger

 Clarifications regarding Maturity / Premature Closure(PMC) of Accounts through Agent /Messenger

No cash payment for the account closure by messenger 

Cheque Payment/ customer's SB account credit may be followed  in this circumstances 



Closure of Savings Account in Post Offices through Messenger:

SB Order  06/2007 - Acting of SAS/MPKBY/PPF agents as an agent or messenger of the depositor for the purpose of withdrawal of money in various saving schemes.
Agents can not act as an messenger of a depositor for the purpose of withdrawal from his/her savings bank account

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