SB Order 02/2024-Pan verification in CBS Finacle

 

Procedure Internet Banking and Mobile Banking For Post Office Savings Account

 Post office savings bank (POSB) account holders can use internet banking services provided by India Post, which is part of the Department of Posts (DOP). The Post Office Internet Banking can come in useful for you to transfer funds between your own- and third-party Post Office Savings Account, you can also deposit funds into your pblic provident fund (PPF) and sukanya samriddhi yojana (SSY) accounts, along with many other services.

Pre-requisites for availing India Post Internet Banking:

According to the India Post website, the following are the conditions to be met before availing of internet banking services:
Valid Active Single or Joint "B" Savings account standing at CBS Sub Post Office or Head Post Office.
Accounts standing at branch post office are not eligible for availing Internet banking facility.
Provide necessary KYC documents, if not already submitted
Valid unique mobile number
Email address
PAN number

How to register and activate for India Post internet banking

Step 1: Visit the nearest post office and fill out the form (You will receive an SMS alert to your registered mobile number within 48 hours)

Step 2: Once you receive the SMS, go to the DOP Internet banking portal and click the "New User Activation" hyperlink on the home page.

Step 3: Enter Customer ID and Account ID (Customer ID is the CIF ID given on the first page of the savings account Passbook. Your savings account number is the Account ID).

Step 4: Fill in the required information and set your Internet Banking login and transaction passwords. Note that login and transaction passwords cannot be same

Step 5: Now log in and set up your security questions and answers, as well as your password. A 'Pass phrase,' which is a security add-on feature, may be requested. It verifies that you are accessing the correct DOP Internet Banking URL. It should be the same as the one you choose during user activation.

These procedures are required for your online banking user ID to be activated successfully.

Online transactions

Funds can be transferred from your POSB account to other POSB accounts belonging to you or a third party.
Below are some of the transactions which can be done using internet banking. PPF Deposit and PPF Withdrawal RD deposit, Repayment of RD half withdrawal SSA deposit.
RD and TD accounts can be opened through Internet Banking RD and TD accounts can be closed or pre-closed as per the existing POSB norms.
Stop payment of cheque can be registered PPF withdrawal online Beneficiary can be added

How to activate mobile banking Fill out the mobile banking application and submit it.

According to FAQs on the India Post website, "After registering for DoP Mobile Banking, download the India Post mobile banking app from Google play store and use the option Activate mobile banking and follow the pre-defined steps after 24 hours of registration." The CIF ID is printed on the first page of your passbook the default username.

You can change your channel login credentials of mobile banking in the ‘Update channel login ID’ option under ‘My Profile’ section in internet banking.

Step 1: Download the Mobile Banking Application from the Google Play store

Step 2: Click on 'Activate Mobile Banking' tab

Step 3: Enter the Security Credentials and enter OTP

Step 4: After your activation has been authenticated, you will be prompted to input your four-digit MPIN

Step 5: Click on submit Now you are ready for login in DOP mobile banking app.

You can avail of the following services using mobile banking:

FAQs and Procedure regarding PLI Integration

Frequently asked questions (FAQs) and procedures regarding the integration of PLI (Postal Life Insurance) with the CSI (Core Systems Integration) GL (General Ledger) system. This document covers various aspects such as daily account reconciliation, voucher postings, error handling, manual postings, and accounting procedures.

Download PLI CSI Integration FAQs in PDF

If you're looking to summarize or highlight key points from this document, here's a breakdown:

Daily Account Reconciliation:Collections made until 6 PM at a particular office are considered for the day.
Post-GL integration, transactions reflect in the daily account, generated the next day.
Voucher Posting:
Manual voucher postings should generally be avoided, except for specific cases mentioned in the document.
Transactions and GL Integration:Transactions done in Mccamish (either through POS or direct login) reflect in the Daily account.
Counter PA should log in to Mccamish only through POS for cash updation.
Errors in GL integration can lead to transactions not reflecting in the daily account.
Liabilities and Payment Processing:Liabilities are created for cash/cheque payments and are consumed by CSI-SAP.
Different procedures are outlined for various payment modes and scenarios.
Error Handling and Manual Postings:Errors in GL integration need to be rectified within the period closure.
Manual voucher postings are required for certain transactions and errors.
Other Activities and Procedures:Various activities like TDS deductions, claim settlements, incentive payments, etc., require manual postings.
Procedures for handling EFT cases, cheque collections, and bank reconciliations are outlined.

Overall, this document provides a comprehensive guide for handling PLI transactions within the CSI GL integration framework, covering various scenarios and procedures.