
Instructions regarding the wedding expenses withdrawal in DOP
Instructions to be communicated regarding the wedding expenses withdrawal are given below for circulation as directed:
For wedding expenses, the Government has allowed withdrawal limit as
Rs.250000-. Patch for the same is being deployed in Finacle.
As per RBI guidelines / DoP rulings, the officials should check all the
relevant documents and obtain the declarations from the customer
requesting for withdrawal from their POSB account in connection with
wedding expenses.
The following conditions are mandatory for withdrawal in respect of wedding expenses:
KYC documents should have been submitted for the account; PAN card
should have...