Acceptance of amount above Rs 50000/- under e-payment service-reg

                                        DEPARTMENT OF POSTS, INDIA               

प्रवर अधीक्षक का कार्यालय, पालक्काड मंडल ,पालक्काड- 678001

Office of the Senior Superintendent of Post Offices,

Palakkad Division, Palakkad 678001.

Phone No (: 0491-2544740 , 2545850, 2548400 Fax-0491-2546315.

e-Mail: ssppkd@gmail.com

To
          All Departmental Offices,Palakkad Division.

Lr no BD/e-Pyt Dlgs/13-14 dated at Palakkad the        12/09/2013.
Sub:- Acceptance of amount above Rs 50000/- under e-payment service-reg

The guidelines communicated vide RO Endt no BD/17/2012 Rlgs dated 30/08/2013 regarding the acceptance of amount above Rs 50000/- under e-payment service is reiterated below. This may be brought to the notice of all concerned.

                          “This is to clarify that there is no limit for acceptance of amount under

e-payment service. Further RBI guidelines issued vide no DBOD.AML.BC.No 29/14.001/2013-14 provides that ‘in case of transactions carried out by a non-account based customer, that is a walk in customer, where the amount of transaction is equal to or exceeds rupees fifty thousand, whether conducted as a single transaction or several transactions that appear to be connected, the customer’s identity and address should be verified.KYC norms may accordingly be followed.”

Receipt of this letter may be acknowledged.

 प्रवर अधीक्षक डाकघर, पालक्काड मंडल
Senior Superintendent of Post Offices

Copy to :- 1.All Sub Divisional Heads,Palakkad Division-for information.