CBS Finacle Patch Deployed For Collection of Fees For Cheque Book

Patch for collection of fee for cheque book has been deployed.

Fee will be collected automatically during verification of Cheque book(HICHB).

CBS POs may be guided on not to collect fee separately in POS module for cheque book issuance alone.

Charges based on cheque leaves will be debited automatically from SB account.

This will reflect in Daily account and Long Book. 

From today onwards in CBS offices, charges for issue of cheque book will be deducted automatically from SB account during HICHB verification. No fee will be collected for the first 10 leaves in a calendar year and thereafter will be charged at Rs. 2 per cheque leaf plus applicable GST (presently 18%). Before deduction of charges, system will check for the number of cheques issued during the current calendar year in Finacle.

Note:  

If cheques have not been issued for the current calendar year and cheque book with 20 leaves is issued in HICHB for an account, an amount of 20 + 3.60 GST (Rs.23.60) will be deducted automatically from SB account during HICHB verification

If 10 cheques were already issued during this calendar year, if a cheque book with 20 leaves is issued in HICHB, an amount of 40 + 7.20 GST (Rs.47.20) will be deducted automatically from SB account during HICHB verification.

With regards

Giriraj Ponnambalam

CBS Team Lead

Centre for Excellence in Postal Technology, Chennai 600002

044-28543481, +91 94441 08080

giriraj@indiapost.gov.in