Banking Regulations: Deceased Depositors and Savings Schemes
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Questions and Answers

PAY ROLL SAVINGS SCHEME (PRSS) IN RESPECT OF ______................................................................................. 276

RD

CHAPTER 19 – SETTLEMENT OF DECEASED CLAIM ______................................................ 278

CASES

______ MANTRI JEEVAN JYOTI BIMA YOJANA (PMJJBY)........................................................................... 305

PRADHAN

______ MANTRI SURAKSHA BIMA YOJANA (PMSBY)................................................................................ 315

<p>PRADHAN</p> Signup and view all the answers

CHAPTER 20 – ______ SURAKSHA SCHEMES........................................................................ 305

<p>JAN</p> Signup and view all the answers

CLAIM OF A DEPOSITOR BECOMING ______ OR OTHERWISE INCAPABLE OF MANAGING HIS/HER OWN AFFAIRS.......... 304

<p>INSANE</p> Signup and view all the answers

The public utility forms can be filled in either in English or in Hindi or in the ______ language at the option of the depositor.

<p>Regional</p> Signup and view all the answers

The depositor(s) should fill the forms using the ______ or Black colour ink pen / ball point pen.

<p>Blue</p> Signup and view all the answers

Two uniform common Passbooks (SB-5) and (SB5A) have been introduced.SB-5 will be used for ______/RD/MIS/SCSS/SSA and PPF schemes.

<p>SB</p> Signup and view all the answers

The uniform common Passbooks need to be ______ and not stapled so that it can be Passbook printer friendly.

<p>stitched</p> Signup and view all the answers

Entries relating to Penalty Fee charged in case of RD and PPF as well as ______ paid only should be made manually by hand by the user.

<p>Rebate</p> Signup and view all the answers

For the new accounts opened in CBS post offices, this Passbook should be ______.

<p>issued</p> Signup and view all the answers

Blank space left if any, on the page being used currently before migration, should be cancelled by drawing lines in ______ ink.

<p>red</p> Signup and view all the answers

On the title page, word “______” is to be printed.

<p>CBS</p> Signup and view all the answers

The ______ Pension Yojana (APY) is discussed on page 325.

<p>ATAL</p> Signup and view all the answers

The Post Office Savings Bank is discussed in the chapter on ______.

<p>General</p> Signup and view all the answers

The responsibility shall not vest with the ______ under certain circumstances.

<p>Post Office</p> Signup and view all the answers

Appendix I deals with ______ / AML / CFT norms.

<p>KYC</p> Signup and view all the answers

Appendix XV deals with the grant of ______ to Freedom Fighters.

<p>Pension</p> Signup and view all the answers

Appendix XIX deals with the ______ of records.

<p>Preservation</p> Signup and view all the answers

Appendix VIII deals with ______ – CSI GL integration.

<p>CBS</p> Signup and view all the answers

Appendix XI deals with ______ merger.

<p>SOL</p> Signup and view all the answers

The ______ have been delegated notices any erasures or alterations in Pay-in-Slip (SB-103) or applications for withdrawal (Form SB-7) or application for closure of account on maturity form (SB-7A) or application for premature closure of account form (SB-7B) or application for loan / withdrawal from RD/PPF and SSA Accounts form (SB-7C) or Account Opening Form (SB-AOF) or any Know Your Customer (SB-KYC) document or any other suspicious circumstances attending a S.B.transaction.

<p>branch</p> Signup and view all the answers

He/She should preserve all relevant records which may have a bearing on the case in his/her personal ______ until they are transferred to the investigating authorities.

<p>custody</p> Signup and view all the answers

All the duties of the Supervisor in connection with ______ CBS Software may be performed.

<p>Finacle</p> Signup and view all the answers

Supervisor will ensure that the transactions happened in the office accounts of ______ CBS Software are genuine and none of the financial and non-financial transactions are left un-verified at the End of the Day in ______ CBS Software.

<p>Finacle</p> Signup and view all the answers

Supervisor will ensure the safety of his/her own ______ and direct his/her sub-ordinate staff to keep their ______ safely to avoid any misuse.

<p>password</p> Signup and view all the answers

Supervisor will check all the latest ______ available on India Post Website on daily basis and if any new ______ is found released, he/she will circulate the same all the staff in the SB branch.

<p>orders</p> Signup and view all the answers

Supervisor will ensure the upkeep of ______ available in the SB Branch and ensure not to allow any outsiders, pen drive, external hard disks etc except authorized by the Competent Authority.

<p>Hardwares</p> Signup and view all the answers

Supervisor will ensure that the transactions happened in the office accounts of Finacle CBS Software are genuine and none of the financial and non-financial transactions are left un-verified at the End of the ______ in Finacle CBS Software.

<p>Day</p> Signup and view all the answers

A stock register of Pass Books in form SB-4(a) will be maintained in the format given below separately for ______ and SB5A:

<p>SB5</p> Signup and view all the answers

When a Passbook is made over by a depositor to a Post Office for any purpose, a receipt will be issued from ______ and handed over to the depositor.

<p>SB-28</p> Signup and view all the answers

The words “Passbook of Post Office Saving/_____/TD/PPF/NSS/MIS/SCSS/SSA (Account No……………………..with a balance of Rs………… should be written on the receipt.

<p>RD</p> Signup and view all the answers

When a Passbook is made over by a depositor to a Post Office for dispatch to another post office, it should be dispatched by ______ registered post and the receipt for the registered article being given to the depositor.

<p>service</p> Signup and view all the answers

A Passbook is returned by the post office to the depositor or sent by one Post Office to another, a similar note should made on the receipt which should be given to the ______ Bank Assistant.

<p>Saving</p> Signup and view all the answers

The receipt should be given to the ______ Bank Assistant who should paste it in his/her receipt book or case file.

<p>Saving</p> Signup and view all the answers

A stock register of Pass Books in form ______ will be maintained in the format given below separately for SB5 and SB5A:

<p>SB-4(a)</p> Signup and view all the answers

When a Passbook is made over by a depositor to a Post Office for dispatch to another post office, it should be dispatched by ______ and the receipt for the registered article being given to the depositor.

<p>service registered post</p> Signup and view all the answers

Study Notes

Post Office Savings Bank

  • The responsibility of the Post Office does not vest under certain circumstances, including:
    • Erasures or alterations in Pay-in-Slip (SB-103) or applications for withdrawal (Form SB-7) or account closure
    • Suspicious circumstances attending a S.B. transaction
    • Any other circumstances that require reporting to the Divisional Head or Regional/Circle Office

Supervisor's Responsibilities

  • The Supervisor's duties in connection with Finacle CBS Software include:
    • Ensuring transactions are genuine and verified at the end of the day
    • Ensuring the safety of their own password and directing staff to keep their passwords safe
    • Checking the latest orders available on the India Post website on a daily basis
    • Circulating new orders to all staff in the SB branch
    • Maintaining the upkeep of hardware available in the SB branch
    • Ensuring no unauthorized access to hardware and software

Important Documents

  • Public utility forms like Account Opening Form, Pay-in-slip, Withdrawal form, etc. can be filled in:
    • English
    • Hindi
    • Regional language (at the option of the depositor)
  • The depositor should fill the forms using blue or black ink pen/ball point pen
  • Postal Staff handling Savings Bank transactions should not fill forms on behalf of the depositor, but can assist in filling them correctly

Passbook

  • Two uniform common Passbooks (SB-5) and (SB5A) have been introduced:
    • SB-5 for SB/RD/MIS/SCSS/SSA and PPF schemes
    • SB5A for NSC/KVP and TD Accounts
  • Entries in the Passbooks will be made through Passbook printer only, wherever available
  • The uniform common Passbooks need to be stitched and not stapled to be Passbook printer friendly
  • Information and entries in the Passbooks are for public information and do not carry legal liability
  • Entries relating to Penalty Fee and Rebate paid should be made manually by hand

Transmission of Passbooks

  • When a Passbook is made over by a depositor to a Post Office for any purpose, a receipt will be issued from SB-28 and handed over to the depositor
  • When a Passbook is made over by a depositor to a Post Office for dispatch to another post office, it should be dispatched by service registered post, and a receipt for the registered article should be given to the depositor

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Description

This quiz covers the rules and regulations related to deceased depositors and savings schemes in banking, including the payment of savings bank accounts and claims of incapacitated depositors.

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