Finance notification

President Assents Finance Act, 2020

NO. 12 OF 2020 (27/03/2020)

President Assents Finance Act, 2020 on 27th March 2020.  Finance bill 2020 was presented in Lok Sabha on 01.11.2020 and get passed in Lok Sabha on 23.03.2020.  After passing of bill from Lok Sabha the bill was presented in the Rajya Sabha on the same day, which returned the same without consideration, which effectively means […]...

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SBI Sanctions Ad-Hoc Limits to existing borrowers to Tide over Covid-19 Impact

Circular No. CCO/CPPD-ADV/192/2019-20 (20/03/2020)

With a view to provide some degree of relief to the borrowers whose operations are impacted by Covid 19, it is decided by the Bank to make available additional credit facilities to the eligible existing borrowers by way of ad-hoc facilities i.e COVID 19 EMERGENCY CREDIT LINE (CECL) to tide over the current crisis situation. CECL will be i...

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Senior Citizens Welfare Fund deposit – 6.85% Interest Rate for FY 2019-20

F. No. 13/20/2014-NS (17/03/2020)

It is hereby notified that the deposits made under the Senior Citizens Welfare Fund, announced in the Ministry of Finance (Department of Economic Affairs) Notification No. G.S.R. 322(E) dated 18th March, 2016, shall with effect from 1st April, 2019 to 31st March, 2020, bear interest at 6.85% (Six point eight five percent). This rate will ...

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Clarification regarding relaxation of purchase of air tickets from authorized Travel Agents for LTC

Office Memorandum No. 43020/2/2016-Estt (A.IV) (19/02/2020)

Procedure for booking of air-tickets on LTC and to say that as per the extant instructions, whenever a Government servant claims LTC by air, he/she is required to book the air tickets directly from the airlines (Booking counters, website of airlines) or by utilizing the services of the authorized travel agents...

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Savings Account & Appendix-III – Amendments to procedural rules

S.B. Order No. 12/2020 (14/02/2020)

S.B. Order 12/2020 F.No.116-12/2016-SB Government of India Ministry of Communication Department of Posts (F.S. Division) Dak Bhawan, New Delhi-110001 Dated :- 14/02/2020 To, All Head of Circles, Addl. Director General, APS, New Delhi Subject:- Amendments to procedural rules relating to Savings Account and Appendix-III in POSB(CBS) Manual ...

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Senior Citizen’s Savings Schemes – Amendments to procedural rules

S.B. Order No. 11/2020 (14/02/2020)

Amendments to procedural rules relating to Senior Citizen's Savings Schemes in POSB(CBS) Manual in the light of recent changes circulated vide SB Order 13/2019 dated 18.12.2019....

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Amendments to procedural rules relating to Recurring Deposit (RD)

S.B. Order No. 10/2020 (14/02/2020)

Amendments to procedural rules relating to Recurring Deposit (RD) Schemes in POSB(CBS) Manual in the light of recent changes circulated vide SB Order 13/2019 dated 18.12.2019....

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Amendment to ‘Sukanya Samriddhi Account scheme’ procedural rules

S.B. Order No. 09/2020 (14/02/2020)

Amendments to procedural rules relating to Sukanya Samriddhi Account scheme in POSB(CBS) Manual in the light of recent changes circulated vide SB Order 13/2019 dated 18.12.2019....

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PPF Scheme- Amendments to procedural rules

S.B. Order No. 08/2020 (14/02/2020)

Amendments to procedural rules relating to Public Provident Fund Scheme in POSB (CBS) Manual in the light of recent changes circulated vide SB Order 13/2019 dated 18.12.2019....

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Amendments to procedural rules relating to National Time Deposit Schemes

S.B. Order No. 07/2020 (14/02/2020)

Amendments to procedural rules relating to National Time Deposit Schemes in POSB(CBS) Manual in the light of recent changes circulated vide SB Order 13/2019 dated 18.12.2019. S.B. Order 07/2020 F.No. 116-12/2016-SB Government of India Ministry of Communication Department of Posts (F.S. Division) Dak Bhawan, New Delhi-110001 Dated :- 14/02...

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