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Saturday, July 21, 2012

Review of authorized minimum and maximum cash balance of Branch Post Offices.


Department of Posts, India
O/O the Chief Post Master General,
Odisha Circle, Bhubaneswar-751001
To,
The PMG Sambalpur/Berhampur Region.
All the SSPOs/SPOs in Hqrs Region.
 No: SB/1-135/NREGS(A)/2009                       Dated at Bhubaneswar the 18.07.2012.
 Sub: Review of authorized minimum and maximum cash balance of Branch Post Offices.
 Sir,
This is regarding review of authorized minimum and maximum cash balance of Branch Post Offices.
 Presently, many schemes of Central and State Governments liked Old age pension, MGNREGA etc are implemented through branch offices in addition to money order payments and saving transaction.  As a service provider, availability of cash at branch post offices is of outmost important to honour payments.
                Due to inadequate authorized minimum and maximum cash balances branch post offices are unable to carry out this commitment efficiently and are opened found keeping payments pending until funds from their account offices are received
                The information on  review of financial arrangement of  post offices  called for vide this office letter of even number dated  20.06.2012 reveals that4884 BOs are within minimum cash balance of Rs2500/- where as  776 BOs are within Rs 2500/- – Rs 5000/-.
 Member (planning) vide DO letter No.24-2/2012-PO Dated 16.07.2012 has directed to carry out  review of  the authorized cash balances of all branch offices in the Circle which should be completed by 31.08.2012, keeping in view the guidelines /provisions contained in Rule-138 to 140 of Postal Manual Vol –VIII.  A report of the review indicating improvement in cash management of all Branch Post Offices of the Division may be furnished in the proforma attached here with  so as to reach this office by 04.09.2012 for onward submission of report to Directorate.  The Divisions under Region may forward the report to their respective ROs and the Region will send the consolidated report to CO.
  Yours faithfully,
Sd/-
 Asst. Director(FS)
For CPMG, Odisha.

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