Cheque Clearing Instructions EOY for FY 2024-25

In accordance with the EOY instructions, cheques scanned on 29.03.2025 will be cleared on 31.03.2025.

2. As per the cheque clearing procedure,


(a). All the cheques accepted for deposit in PO Savings account shall directly be posted in POSA by the nodal office viz. Chennai GPO. There is no role for any post office.


(b). Cheques accepted for deposit in PPF/SSA are to be posted by the offices concerned with in the same financial year i.e. on or before 31.03.2025. Post offices concerned have to post the cleared amount in the PPF/SSA accounts.


(c). New accounts are to be opened by the post offices concerned if the cheques accepted for new accounts. New account opening may be done even after EOY within 30 days with the back value date of opening of account. Hence, in this case, post offices need not to attend on 31.03.2025.


3. Accordingly,


(a). The post offices which are required to post the cheques related to existing and new PPF/SSA accounts should attend the office on 31.03.2025, though it is a holiday and as the PPF/SSA cheques are to be posted within the same financial year and post the cheques in co-ordination with CBS-CPC, CEPT and EOD Teams.


(b) User IDs will be disabled on execution of HISCOD by PO on 29.03.2025. For enabling Users on 31.03.2025, CPCs may address User ID and EOD team


(c) The customer may be advised to use NEFT/RTGS services for depositing in PPF/SSA.


(d). Depending on the transit period between the offices accepting the cheques and offices scanning the cheques, the date of acceptance of cheques may be decided at Circle level.