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FNPO Suggestions for preventive vigilance policy

FNPO Suggestions for preventive vigilance policy

the Federation of National Postal Organisations (FNPO) has recently brought forth a series of recommendations aimed at bolstering preventive vigilance within the postal sector. In a letter addressed to the Secretary of Posts, FNPO Secretary General Sivaji Vasireddy emphasizes the urgent need to address outdated practices and enhance fraud prevention mechanisms.

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Key Recommendations for Preventive Vigilance

Discontinuation of Date Stamp Impressions in Pass Books

The FNPO highlights significant advancements in banking procedures adopted by financial institutions across India, including the India Post Payments Bank (IPPB). Unlike these institutions, traditional post offices still rely on date stamp impressions in Pass Books, a practice that has become increasingly vulnerable to fraud. Fraudulent activities often exploit this outdated method by:

  • Manipulating Date Stamps: Incorrect date stamp impressions can be easily claimed, leading to fraudulent transactions.
  • Adding Zeros to Amounts: In some instances, customers add extra zeros to inflate transaction amounts, resulting in substantial financial losses for the government and increased liability for postal officials due to contributory negligence.
  • Exploiting Trust: Although trust in the postal department has historically facilitated smooth operations, evolving scenarios reveal that even the public is leveraging loopholes in existing rules to defraud the government.

The Need for Modernization

As the banking sector rapidly evolves, the authenticity and relevance of Pass Book impressions are increasingly questioned. The FNPO urges the postal department to reconsider the necessity of these impressions, particularly in light of practices adopted by other financial institutions and IPPB transactions that operate efficiently without Pass Books. The FNPO proposes a thorough review of related rules and suggests eliminating regulations that hold officials accountable for date stamp impressions under the banner of contributory negligence.

A Call for Action

The FNPO requests the postal authorities to prioritize these issues and implement necessary modifications to both software and regulatory frameworks. Prompt action in addressing these concerns is expected to significantly enhance the integrity of postal transactions and safeguard government resources from fraudulent activities.

FNPO Suggestions for preventive vigilance policy
FNPO Suggestions for preventive vigilance policy

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