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FUNCTION OF SBCO - PROCESS ORIENTED. MIS. Periodical agreement of balances. SBCO will take out hard copies of list of balances in triplicate every six months as on 30 th June and 31 st Dec. Forward two copies to sub post offices for check with the ledgers maintained there.
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Periodical agreement of balances • SBCO will take out hard copies of list of balances in triplicate every six months as on 30th June and 31st Dec. • Forward two copies to sub post offices for check with the ledgers maintained there. • SOs will return one copy of the list to SBCO after verification.
CHECKING OF VOUCHERS AND DOCUMENTSThe S.B. Control Organisation will follow the procedure as for savings accounts with the following changes. • 1. General check- ALL VOUCHERS • % checking • (a) All vouchers of premature and final closures. • (b) 10% of vouchers of monthly payment of interest. • (c) 4% of deposit transactions. • Note 1 :- The checks will apply uniformly to accounts maintained either manually or on computers. • Note 3 :- While checking the vouchers, the amount of interest calculated for new accounts will be checked for correctness with reference to interest rate applicable.
Checking of vouchers: SO • General check – All vouchers • % check with ledger- All Closures with passbook in r/o sub offices B & C class w.e.f 15.02.2008