Post Office Savings Bank (POSB) services are an integral part of National Savings Schemes, offering secure financial products to customers. The fees associated with these services are regulated under the Government Savings Promotion General Rules (GSPR) 2018. Below is a detailed breakdown of fees, along with GST applicability, for various Post Office Savings Bank services
Collection of Fees in Finacle and UCR
Currently, charges related to National Savings Schemes are collected either manually or via POS modules and recorded under UCR (Unclassified Receipts). With new provisions in place, Finacle, the core banking system, now supports automated collection of fees, improving transparency and efficiency.
| Sr No | Nature Of Fees Structure | Amount (Rs.) | GST (%) |
| 1 | Issue of duplicate passbook | 50/- | 18% |
| 2 | Issue of statement of account or deposit receip | 20/- | 18% |
| 3 | Issue of passbook in lieu of lost/mutilated certificate | 10/- | 18% |
| 4 | Cancellation or change of nomination | 50/- | 18% |
| 5 | Transfer of account / certificate | 100/- | 18% |
| 6 | Pledging of account / certificate (Pledge release free) | 100/- | 18% |
| 7 | Cheque book issuance (after 10 free leaves per year) | 2 per leaf | 18% |
| 8 | Charges for dishonored cheque | 100/- | 18% |
Key Highlights of Post Office Savings Fees
- Duplicate Passbook Issuance
