GURU’S DAILY INSIGHT
Cash management at Branch Offices- Provisions & Discretions
Rule no.217 of Postal Manual Vol V
Note 2 below Rule 217 of Postal Manual Vol V states that The discretion given to allow time for the Branch Postmaster (BPM) to fetch the shortage amount from his residence should be exercised cautiously and only when necessary..
Cash management at Branch Offices- Provisions & Discretions
Rule no.217 of Postal Manual Vol V
Note 2 below Rule 217 of Postal Manual Vol V states that The discretion given to allow time for the Branch Postmaster (BPM) to fetch the shortage amount from his residence should be exercised cautiously and only when necessary..
If the Branch Office (BO) is situated in the residence of the BPM, there is no reason to allow extra time for fetching cash from elsewhere. In this case, the BPM is expected to have immediate access to the cash and stamp balances at the office.
If the BO is not in the BPM’s residence, the BPM is still expected to bring the entire office cash and stamp balances to the BO during the opening hours.
If the cash chest is embedded in the BPM's house and large sums of money (equal to or exceeding liabilities) are kept there for security reasons, the inspecting authority may allow the BPM to fetch the money from his residence.
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