Post Offices will not be able to do EOD if any balance is pending in their (SOL ID+0382) office account.
Post offices will not be able to access Finacle clearing menu after deployment of the solution. Further, cheque clearing office account (SOL. ID-0382) will have EOD blocking validation i.e. post offices will not be able to do EOD if any balance is pending in their (SOL ID+0382) office account.
D.O. No. FS-10/3/2020-FS Dated 30th july 2021
Your kind attention is drawn to this office DO letter No. 25-11/2016-FS-CBS dated 22.11.2019, DO No. 113-04/2019-SB dated 26.10.2020 followed by fortnightly email reminders and review in monthly VCs of secretary (Posts) for liquidating cheque clearing office account (SOL ID+0382) in the post offices and DO letter of even no. dated 13.07.2021 for posting / deletion of all pending zones in finacle by 20.07.2021.
2.While reviewing status of (SOL ID+382) account, it is seen that Rs. 262 crore outstanding credit balance and Rs. 2.42 crore debit balance are currently pending. Likewise 1.32 lakh outward cheque clearing zones and 115 inward cheque clearing zones are pending as on date.
3. Above pendency is a cause for serious concern. Lukewarm response from the circles on these sensitive matters and delay in liquidating the pendency may even result in defalcation of crores of public money in the post offices.
4. ” CBS-CTS integration solution is going to be deployed early next month. The integration will help in creating an efficient cheque clearing system and eliminate possibilities of misappropriation in cheque clearing. “
5. Post offices will not be able to access Finacle clearing menu after deployment of the solution. Further, cheque clearing office account (SOL. ID-0382) will have EOD blocking validation i.e. post offices will not be able to do EOD if any balance is pending in their (SOL ID+0382) office account. Services of CPC (CBS) may be utilized for monitoring the liquidation. process and guiding the post offices to clear the pendency.
6. It is incumbent upon the circles that above pendency is cleared within 6th August, 2021. In case outstanding balance of SOL ID-0382 office account and pending zones are not cleared by that date, all pending zones will be deleted centrally and the cheque clearing office account (SOL ID+0382) will be made zero for post offices having pending balance in this account on 9th August, 2021 under the sole responsibility of the concerned circle.
It is requested to bestow your personal attention and help in liquidating balances in office account (SOL ID-0382) and clearing of all pending zones immediately.
Pawan Kumar Singh
DDG (FS)
