Post Office Savings Scheme : If you’re a buyer of Indian Post Office, then there’s essential information for you. The Comptroller and Auditor General (CAG) has issued a surprising report. According to the CAG report, the staff of the publish workplace i.e. publish places of work have misused public funds of Rs 95.62 crore between November 2002 and September 2021. This is large information for these investing within the publish workplace financial savings scheme. The publish workplace financial savings scheme is kind of secure, so such an incident can shock the purchasers.

publish workplace is secure scheme
Post workplace is taken into account to be the most secure funding. The publish workplace is the oldest and largest banking system within the nation. This system caters to the funding wants of city and rural prospects by way of schemes like Savings Bank, Recurring Deposit, Time Deposit, National Savings Certificate, Kisan Vikas Patra, PF, Monthly Income Account Scheme, Sukanya Samriddhi Yojana, and Senior Citizens Savings Scheme. . The similar Department of Posts (DOP) for the Ministry of Finance offers these companies on an company foundation.

what’s report
Let us inform you that within the CAG Audit Report on Finance and Communications tabled in Parliament, it has been stated that postal staff in 5 circles made pretend withdrawals of Rs 62.05 crore from pretend accounts. Showed them lively with pretend stability after which closed. Cash deposits of Rs 9.16 crore by prospects in 8 circles have been recorded in passbooks however not deposited of their publish workplace accounts.

Fraud occurred in 4 circles
The postal staff took the cash again. In 4 circles, fraudulent withdrawal of Rs 4.08 crore from financial savings accounts of shoppers with pretend signal/thumb impressions accomplished by postal staff. There have been instances of unauthorized use of person ID and password by different postal staff or outsiders. Due to this fraud of Rs 3 crore passed off in 4 circles. Postal staff opened pretend deposits of Rs 1.35 crore in 2 circles with the connivance of outsiders, which have since been withdrawn.

CAG gave data
After this embezzlement of publish workplace staff, the CAG stated that out of fraud / rigging of Rs 95.62 crore, the postal division has recovered Rs 14.39 crore (together with penalty / curiosity of Rs 40.85 lakh) from the involved individuals. That is, Rs 81.64 crore is to be recovered. Soon it should even be recovered.

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