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..
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.