Patch intended for Withdrawal limits in respect of Wedding and Farming ( Farmers) , is deployed and configurations are completed

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 been updated. These checks are done on the CIF of account holder..
  • The maximum withdrawal allowed is Rs.250000 or the closing balance of the account as on 08/11/2016, whichever is lesser and subject to the minimum balance limits applicable on the account. ( Rs.50 for non-cheque accounts and Rs.500 for cheque accounts)
User has to select / enter the report code as WEDLM against transaction report code field in CTM / HTM menu for such transactions.​​
SBCO is advised to monitor the high value withdrawals at all the POs under their control. Report on such transactions can be generated using HFTR / HFTI menu with the Report Code field filled as WEDLM, on daily basis.