Clarification regarding closure of POSB account by a power of attorney holder

Subject: Clarification regarding closure of account by a power of attorney holder —Reg.

Reference: Lr No. SB/Complaints/Dlg./Kollam dated 22.12.2022.

             Kindly refer the above cited subject and reference.

2. The matter has been examined by this division and it is clarified that the closure of account by a power of attorney holder is not permitted.

3. This is issued with the approval of competent authority.