TRANSFER OF ACCOUNTS / CERTIFICATES BETWEEN CBS AND NON CBS

Finacle : Transfer Of Accounts / Certificates Between Finacle CBS And Non Finacle CBS Post Offices

Transfer of accounts/certificates between finacle CBS and non finacle CBS Post Offices.

In Sanchay Post, there is a provision to transfer any account to any post office and it generates Advice of Transfer along with Transfer Journals. Certificates issued by other offices can be discharged under the option Discharged at Other Offices after verification. 

• In Finacle CBS application, the account can be transferred to any CBS post office only.
• Similarly, non CBS post office can transfer account/certificate to Non CBS post Office only. 
• In Finacle CBS Application, there is no need to generate any AT or Transfer General or do the pairing. 
• Only, the post office, after satisfying the genuiness of depositor, has to change the home SOL (Post Office) of the account and account will be transferred instantly. 
• A report can be generated showing accounts transferred from one SOL to another in all CBS post offices.
• Certificates issued from non CBS Post Offices cannot be discharged at CBS Post Offices.
• Certificates issued from CBS post offices can be discharged at any CBS post office by changing the home SOL of the certificates.
• PPF and SCSS accounts can be transferred IN and Out from CBS post offices to Banks and from Banks to Post Office.