Transfer application form & where to apply?

Depositor has to submit SB -10 (b) and Pass Book either-

At Transferring office At transferee office At any other office Note- Transfer of account is done by HO

only.

When transfer is not allowed?

After the death of the depositor.. Silent account before revival. When an account has been ordered to be

closed(like 2 savings account in the name of one person in a PO).

Types of Transfer

Transfer of account is of three types.

(a) Local Transfer (With in same HO)

(b)Home Transfer (With in same Circle)

(c) Foreign Transfer (From one Circle to another Circle)

To Transfer out an account is known as PBT (Paid by Transfer)

To Transfer in an account is known as RBT (Received by Transfer)

PPT 2.1.45 RULE NO : 51 POSB Manual Volume -I

Examine the SB-10(b) and passbook. Verify the signature & balance & make

entry in relevant records. Collect the passbook. After checking by APM & Supervisor

Savings Bank Control Organization, Dispatch the advice of transfer to transferee HO by insured post.

PPT 2.1.46 RULE NO : 51 POSB Manual Volume -I

Check the SB-10(b) & passbook with record and sign.

Check the entry in record and sign. Transfer the document to Savings Bank

Control Organization. On receipt of document from Savings Bank

Control Organization , return the document to counter PA for further disposal.

PPT 2.1.47 RULE NO : 51 POSB Manual Volume -I

Fill up the SB-10(b) form & furnish all details properly.

Handover SB-10(b) form & passbook to counter Postal Assistant.

Collect the acknowledgement/receipt from counter Postal Assistant generated through Sanchaya Post software.

PPT 1.2 RULE NO : 51 POSB Manual Volume -I

Scrutiny of advice of transfer received. Make entry in relevant records. Transfer the documents to APM. On receipt duly authorized by APM, hand over

passbook to depositor, and collect receipt from depositor.

PPT 2.1.43 RULE NO : 51 POSB Manual Volume -I

Check the document and sign. Check the entry in records. Transfer the document to Savings Bank

Control Organization branch. On receipt of the document from Savings

Bank Control Organization, transfer the document to counter Postal Assistant for further disposal.

PPT 2.1.44 RULE NO : 51 POSB Manual Volume -I

Produce the receipt given by post office by transferee Post Office.

Collect the passbook.

No fee for transfer of account except Senior Citizens Saving Account.