Post office: This incident can shake the customers?

Post office: This incident can shake the customers?

If you are a post office customer then there is an important news for you. The Comptroller and Auditor General (CAG) has released a shocking report. According to this CAG report, the post office employees have misused public money of Rs 95.62 crore between november 2002 and september 2021. Actually, the post office savings scheme is considered very safe, in such a situation such an incident can shake the customers.

Post office safe scheme

It is worth noting that people who do not have the ability to take risk, they also invest in post office as post office is considered a safe investment. The system caters to the investment needs of urban and rural customers through schemes like Savings Bank, Recurring Deposit, Fixed Deposit, National Saving Certificate, Kisan Vikas Patra, and PF. Not only this, the Department of Posts (DoP) provides these services to the Ministry of Finance on an agency basis.

What does this report say?

According to reports, the audit report of the CAG on Finance and Communications tabled in parliament on monday said, "Fake withdrawals of Rs 62.05 crore were made by postal workers in five circles from fake accounts. These were shown as active with fake balances and then turned off. Cash deposits of Rs 9.16 crore by customers in eight circles were recorded in passbooks but not deposited in their post office accounts. Later the postal workers withdrew the money. Fraudulent withdrawal of Rs 4.08 crore from savings accounts of customers by postal workers in four circles with forged signatures/thumb impressions. There were also other cases of unauthorized use of user ID and password by postal workers or outsiders. This led to fraud of Rs 3 crore in four circles.

CAG gave information

After this embezzlement of post office employees, the CAG said that out of fraud / rigging of Rs 95.62 crore, the postal department recovered Rs 14.39 crore (including penalty/interest Rs 40.85 lakh) from the concerned persons. Soon the remaining amount will be recovered accordingly.

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