Acceptance of RD Deposits in absence of the CBS Passbook || PB Mandatory for illiterate & account stands at EDBO

Acceptance of Deposits in absence of the CBS Passbook

The presentation of the CBS Passbook is necessary for making a deposit in a RD account of an illiterate depositor or where account stands in EDBO. In all other cases, deposits should be accepted without production of the CBS Pass Book and Passbook can be updated from the Passbook printer as and when presented by the depositor or his/her agent. It is the duty of the customer to update his/her passbook at least once in a 6 months. 

Vide POSB (CBS) Manual Volume Rule No.75

• Submission of Passbook for RD Deposits is mandatory for Branch Office Account and illiterate Account. 
• All other cases are exempted while accepting RD Deposits without production of Passbooks. 
• Passbook can be updated only from Passbook Printer
• It is Customer duty to update RD passbook at least once in 6 months.