Post office notifications

All about Public Provident Fund Scheme (PPF)

Finance - Every individual desirous of subscribing to Fund under the Scheme for the first time either on his own behalf or on behalf of a minor of whom he is the guardian or on behalf of a Hindu Undivided Family of which he is a member or on behalf of an Association of persons or a Body of individuals as referred to in sub rule 2(b) of Rule 3 above...

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Notification for Launch of 10-Year National Savings Certificate (IX-Issue), 2011 Issued

Finance - In accordance with the decisions taken by the Government on the basis of the recommendations of the Committee for Comprehensive Review of National Small Savings Fund (NSSF), headed by Smt Shyamala Gopinath, the then Deputy Governor, Reserve Bank of India, Notifications on changes made in various small saving schemes except 10-Year Nationa...

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Revision of deceased claim sanction limit in National (Small) Savings Schemes where no nomination exists or no legal evidence is available

SB Order No. 36/2020 - (06/11/2020) - SB Order No. 36/2020 e.F.No.113-02/2019-SB Government of India Ministry of Communications Department of Posts Dak Bhawan, Sansad Marg, New Delhi-110001 Date: 06.11.2020 To, All Head of Circles/Regions Subject: – Regarding revision of deceased claim sanction limit in National (Small) Savings Sc...

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Revision of interest rates for National (Small) Savings Schemes w.e.f. 01.10.2020

SB Order No. 33/2020 - (01/10/2020) - Rate of interest on various Small Savings Schemes (National Savings Schemes) for the third quarter of financial year 2020-21 (starting from 1st October ,2020 and ending on 31th December, 2020) shall remain unchanged from those notified for the second quarter of Financial Year 2020-21...

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Revised Small Savings Scheme interest rates w.e.f. 01.10.2020

F.No.1/4/2019-NS - (30/09/2020) - The rates of interest on various Small Savings Schemes for the third quarter of financial year 2020-21 starting from 1st October, 2020 and ending on 31st December, 2020 shall remain unchanged from those notified for the second quarter (1st July, 2020 to 3oth September, 2020) of financial year 2020-2...

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Govt notifies Revised Cover page of SB-5 & SB-5A post office passbooks

S.B. Order 28/2020 - (24/09/2020) - This office has been receiving references/suggestion that cover page of both SB-5 and SB-5A passbooks used in CBS and non CBS Post Offices should be different for better identification as well as ease of operation....

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Deposit/opening of account through withdrawal form (SB-7) allowed in Post Offices

S.B. Order 32/2020 - (23/09/2020) - Regarding acceptance of withdrawal form (SB-7) with passbook for subsequent deposit/ opening of new account for National (Small) Savings Schemes in GDS Branch Post Offices S.B. Order 32/2020 e.F.No. FS-13/1/2020-FS Government of India Ministry of Communications Department of Posts (F.S. Division) Da...

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Revision of deceased claim sanction limit in National (Small) Savings Schemes where no nomination exists or no legal evidence is available

SB Order No. 36/2020 (06/11/2020)

SB Order No. 36/2020 e.F.No.113-02/2019-SB Government of India Ministry of Communications Department of Posts Dak Bhawan, Sansad Marg, New Delhi-110001 Date: 06.11.2020 To, All Head of Circles/Regions Subject: – Regarding revision of deceased claim sanction limit in National (Small) Savings Schemes where no nomination exists or no l...

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Revision of interest rates for National (Small) Savings Schemes w.e.f. 01.10.2020

SB Order No. 33/2020 (01/10/2020)

Rate of interest on various Small Savings Schemes (National Savings Schemes) for the third quarter of financial year 2020-21 (starting from 1st October ,2020 and ending on 31th December, 2020) shall remain unchanged from those notified for the second quarter of Financial Year 2020-21...

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Revised Small Savings Scheme interest rates w.e.f. 01.10.2020

F.No.1/4/2019-NS (30/09/2020)

The rates of interest on various Small Savings Schemes for the third quarter of financial year 2020-21 starting from 1st October, 2020 and ending on 31st December, 2020 shall remain unchanged from those notified for the second quarter (1st July, 2020 to 3oth September, 2020) of financial year 2020-21....

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Govt notifies Revised Cover page of SB-5 & SB-5A post office passbooks

S.B. Order 28/2020 (24/09/2020)

This office has been receiving references/suggestion that cover page of both SB-5 and SB-5A passbooks used in CBS and non CBS Post Offices should be different for better identification as well as ease of operation....

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Deposit/opening of account through withdrawal form (SB-7) allowed in Post Offices

S.B. Order 32/2020 (23/09/2020)

Regarding acceptance of withdrawal form (SB-7) with passbook for subsequent deposit/ opening of new account for National (Small) Savings Schemes in GDS Branch Post Offices S.B. Order 32/2020 e.F.No. FS-13/1/2020-FS Government of India Ministry of Communications Department of Posts (F.S. Division) Dak Bhawan, New Delhi Dated :- 23.09.2020 ...

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SOP for settlement of Postal/Rural Postal Life Insurance death claim cases

No. 25-04/SOP/2020-LI (18/08/2020)

Standard Operating Procedure (SOP) for settlement of Postal Life Insurance/ Rural Postal Life Insurance (PLI/RPLI) death claim cases. DIRECTORATE OF POSTAL LIFE INSURANCE Department of Posts, Ministry of Communications, Government of Indio Chanakyapuri Post Office Complex, New Delhi-110021 No. 25-04/SOP/2020-LI Dated: 18.08.02020 Sub: Sta...

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Post offices to include Aadhaar column in Account Opening Form

S.B. Order 17/202o (11/08/2020)

Competent authority has decided to incorporate column for Aadhaar Seeding in Application for Opening of Account /Purchase of Certificate form for benefits of the depositors and ease of operation....

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Amendment in SB-5 & SB-5A passbooks used in CBS & non CBS Post Offices

S.B. Order 28/2020 (10/08/2020)

S.B. Order 28/2020 c.F.No. 11-1-02-2002-SB (Pt–I) Government of India Ministry of Communications Department of Posts (F.S. Division) Dak Bhawan, New Delhi-110001 Dated: – 10/08/2020 To, All Head of Circles/Regions, Subject: – Regarding amendment in SB-5 and SB-5A passbooks used in CBS and non CBS Post Offices. Sir/Madam,...

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Extension of MIS/SCSS/KVP/NSC/PPF schemes up to GDS Branch Post Office level through cheque

S.B. Order 27/2020 (23/07/2020)

The references have been received in this office from time to time to provide MIS/SCSS/ NSC/KVP/PPF schemes in GDS Branch Post Offices. The matter has been examined in detail in the light of Rule 3 (a) of "Government Savings Promotion General Rules-2018" and the competent authority has accordingly decided to allow account opening for MIS/...

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Govt relaxes guidelines related to small savings schemes

SB Order 25/2020 (03/07/2020)

Govt relaxes guidelines related to small savings schemes and allowed further relaxation till 31st July 2020 in respect of Post Office 1,2,3,5 Year Time Deposit, 5 Year Recurring Deposit Scheme, Senior Citizen Savings Scheme, Monthly Income Account, Public Provident Fund Scheme,  and Sukanya Samriddhi Account scheme. SB Order 25/2020 e.F....

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Revised Small Savings Scheme interest rates w.e.f. 01.07.2020

SB Order 24/2020 (01/07/2020)

Rate of interest w.e.f 01.07.2020 to 30.09.2020 on Small Savings Scheme i.e. Post Office Savings Account, 1,2,3,5 Year Time Deposit, 5 Year Recurring Deposit Scheme, Senior Citizen Savings Scheme, Monthly Income Account, National Savings Certificate (VIII Issue), Public Provident Fund Scheme, Kisan Vikas Patra and Sukanya Samriddhi Accoun...

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TDS on interest on Post Office Saving Schemes reduced

S.B. Order 23/2020 (26/06/2020)

In order to provide more funds at the disposal of the taxpayers for dealing with the economic situation arising out of COVID-19 pandemic. the rates of Tax Deduction at Source (TDS) for the following non-salaried specified payments made to residents has been reduced by 25% for the period from 14th May, 2020 to 31st March, 2021....

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Relaxation provisions in National Savings Schemes

SB Order No. 20/2020 (29/05/2020)

Subcribers of RD Account who could not deposit the advance installments to get the benefit of rebate during the lock down period may deposit the same up to 30.06.2020. The rebate admissible as per the scheme provisions will be available at the time of deposit of advance installments....

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Public Provident Fund (Amendment) Scheme, 2020- Interest Rate Notified

Notification No. G.S.R. 290(E) (05/05/2020)

Public Provident Fund (Amendment) Scheme, 2020- The deposits made in the account between 12th December, 2019 to 31 st March, 2020 (both days inclusive) and the balances at the credit of the account shall bear interest at the rate of 7.9 per cent. per annum. Lowest balance at the credit of an account between the close of the fifth day and ...

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National Savings Time Deposit (Amendment) Scheme, 2020- Interest Rate Notified

Notification No. G.S.R. 289 (E) (05/05/2020)

National Savings Time Deposit (Amendment) Scheme, 2020- The rate of interest as specified in the table below shall be applicable to the deposits made on or after the 1st day of April, 2020 under the Scheme...

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Sukanya Samriddhi Account (Amendment) Scheme, 2020- Interest Rate Notified

Notification No. G.S.R. 288(E) (05/05/2020)

Sukanya Samriddhi Account (Amendment) Scheme, 2020- The deposits made in the account between 12th December, 2019 to 31st March, 2020 (both days inclusive) and the balances at the credit of the account shall earn interest at the rate of 8.4 per cent. per annum. The deposits made in the account on or after the 1st day of April, 2020 and the...

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Senior Citizens’ Savings (Amendment) Scheme, 2020 – Interest Rate Notified

Notification No. G.S.R. 287(E) (05/05/2020)

Senior Citizens’ Savings (Amendment) Scheme, 2020- The deposit made under this Scheme between 12th December, 2019 to 31st March, 2020 (both days inclusive) shall bear interest at the rate of 8.6 per cent per annum. The deposit made under this Scheme on or after the 1st day of April, 2020 shall bear interest at the rate of 7.4 per cent. ...

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National Savings (Monthly Income Account) (Amendment) Scheme, 2020- Interest Rate Notified

Notification No. G.S.R. 286(E) (05/05/2020)

National Savings (Monthly Income Account) (Amendment) Scheme, 2020- The deposit made under this Scheme between 12th December, 2019 to 31st March, 2020 (both days inclusive) shall bear interest at the rate of 7.6 per cent. per annum. The deposit made under this Scheme on or after the 1st day of April, 2020 shall bear interest at the rate o...

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National Savings Recurring Deposit (Amendment) Scheme, 2020- Amount repayable inclusive of interest notified

Notification No. G.S.R. 285(E) (05/05/2020)

National Savings Recurring Deposit (Amendment) Scheme, 2020 Amount inclusive of interest repayable on an account opened between 12th December, 2019 to 31st March, 2020 (both days inclusive) and continued without any fresh monthly deposit beyond the maturity period or maturity period as extended...

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National Savings Certificates (VIII Issue) (Amendment) Scheme, 2020 – Maturity Value notified

Notification No. G.S.R. 284(E) (05/05/2020)

National Savings Certificates (VIII Issue) (Amendment) Scheme, 2020- The maturity value of an account opened between 12th December, 2019 to 31st March, 2020 (both days inclusive) with one thousand rupees shall be one thousand four hundred sixty two rupees and fifty four paisa and proportionate for deposits made with any other sum as per s...

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Kisan Vikas Patra (Amendment) Scheme, 2020- Maturity Period notified

Notification No. G.S.R. 283(E) (05/05/2020)

MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 5th May, 2020 G.S.R. 283(E).—In exercise of the powers conferred by section 3A of the Government Savings Promotion Act, 1873 (5 of 1873), the Central Government hereby makes the following Scheme to amend the Kisan Vikas Patra Scheme, 2019, namely:- 1. (1)Th...

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Forms to be used in National Savings Schemes at Post Offices

SB Order No. 17/2020 (15/04/2020)

Introduction of common/modified forms to be used in National Savings Schemes for CBS and non CBS Post Offices -Regarding. Ministry of Finance (Department of Economic Affairs) had notified separate forms for each Small Savings Scheme through revised Schemes Rules 2019...

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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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Monthly Income Account Scheme – Amendments to procedural rules

S.B. Order No. 06/2020 (14/02/2020)

Provided that from the date of receipt of SB Order 13/2019 dated 18.12.2019, provisions of National Savings (Monthly Income Account) Scheme 2019 and Government Savings Promotion General Rules 2018 shall be applied on all accounts opened under this scheme....

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Amendments to procedural rules relating to Kisan Vikas Patras (KVP)

S.B. Order No. 05/2020 (14/02/2020)

Amendments to procedural rules relating to Kisan Vikas Patras (KVP) Issue 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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NSC/NSC-VIII – Amendments to procedural rules

S.B. Order No. 04/2020 (14/02/2020)

MoF(DEA) has revised many statutory rules relating to different National Savings Schemes which were circulated vide SB order 13/2019 dated 18.12.2019. The competent authority has now approved to change relevant procedural rules and issue corrections slips of POSB(CBS) Manual [circulated vide SB Order No.9/2018 dated 17.7.2018j....

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Collection of various types of fee prescribed in GSPR-2018 under Schedule II

S.B. Order No. 03/2020 (10/01/2020)

Till necessary provisions are made in Finacle/CSI for collection of various types of fee/charges on services, following process should be adopted by all concerned. (i) Collection of various types of fee to be collected in CSI — SAP through F-02/FB50...

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TDS | Cash Withdrawal above Rs. 1 Crore | National Savings Schemes

SB Order No. 02/2020 (09/01/2020)

Now TDS @2% under section 194N will be applicable on all cash withdrawals above Rs. One Crore taken by an account holder in his/her all type of Small Savings Schemes Accounts /Certificates taken together, from 1.4.2019 onwards....

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Revised Small Savings Schemes interest rates w.e.f. 01.01.2020

SB Order No. 01/2020 (01/01/2020)

Rate of interest on various National Small Savings Schemes for the fourth quarter of financial year 2019-20 ( starting from 1st January ,2020 and ending on 31st March, 2020) shall remain unchanged from those notified for the third quarter of Financial Year 2019-20 (01st October 2019 to 31st December,2019)....

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National Savings Time Deposit Scheme, 2019

Notification No. G.S.R. 922(E) (12/12/2019)

There shall be four categories of time deposit accounts, namely, One-year account, Two-year account, Three-year account and Five-year account in which a deposit may be made for a period of one year, two years, three years and five years respectively....

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Post Office Savings Account Scheme, 2019

Notification No. G.S.R. 921(E) (12/12/2019)

An account under Post Office Savings Account Scheme, 2019 may be opened by making an application in Form-1 by the following- a single adult, two adults jointly, a guardian on behalf of a minor, a guardian on behalf of a person of unsound mind, a minor who has attained the age of ten years, in his own name....

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National Savings Recurring Deposit Scheme, 2019

Notification No. G.S.R. 918(E) (12/12/2019)

On an application in Form-1 to the accounts office, an account under National Savings Recurring Deposit Scheme, 2019 may be opened by-(a) a single adult; or (b) upto three adults jointly; (c) a guardian on behalf of a minor or a person of unsound mind; or (d) a minor who has attained the age of ten years, in his own name....

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National Savings (Monthly Income Account) Scheme, 2019

Notification No. G.S.R. 917(E) (12/12/2019)

The account under National Savings (Monthly Income Account) Scheme, 2019 may be opened by making an application in Form-1 by-(i) a single adult; (ii) upto a maximum of three adults in joint names; (iii) a minor who has attained the age of ten years; (iv) a guardian on behalf of a minor or a person of unsound mind....

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Public Provident Fund Scheme, 2019 | PPF Scheme, 2019

Notification No. G.S.R. 915(E). (12/12/2019)

An individual may open a PPF account by making an application in Form-1. (2) An individual may also open one account on behalf of each minor or a person of unsound mind of whom he is the guardian:...

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Government rescinds Public Provident Fund Scheme, 1968

Notification No. G.S.R. 913(E) (12/12/2019)

Central Government hereby rescinds with immediate effect the Public Provident Fund Scheme, 1968, published vide number G.S.R. 1136(E), dated the 15th June, 1968, except as respects things done and omitted to be done before such rescission....

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Govt withdraws rules related to PPF, NSC, NSS, Sukanya Samriddhi etc.- Issued New Rules

Notification No. G.S.R. 912(E) (12/12/2019)

Central Government rescinds rules, namely The Post Office Savings Account Rules, 1981, The National Savings Time Deposit Rules, 1981, National Savings Recurring Deposit Rules, 1981, National Savings (Monthly Income Account) Rules, 1987, National Savings Certificate (VIII Issue) Rules, 1989, Senior Citizens Savings Scheme Rules, 2004, Kisa...

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Interest rates for Small Savings Scheme for 01.01.2018 to 31.03.2018

F.No.01/04/2016-NS (27/12/2017)

Rates of interest on various small savings schemes for the fourth quarter of financial year 2017-18 starting 1st January, 2018 and ending on 31st March, 2018, on the basis of the interest compounding payment built-in in the schemes, shall he as under....

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National Savings Time Deposit (Amendment) Rules, 2017

Notification No. G.S.R. 1236 (E) (03/10/2017)

These rules may be called the National Savings Time Deposit (Amendment) Rules, 2017. They shall come into force on the date of their publication in the Official Gazette. In the National Savings Time Deposit Rules, 1981, in rule 5, in sub-rule (1), for the words two hundred, the words “one hundred” shall be substituted....

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Senior Citizens Savings Scheme (Amendment) Rules, 2017

Notification No. G.S.R.1235(E) (03/10/2017)

In the Senior Citizen Savings Scheme Rules, 2004, in rule 2, in clause (d), in sub-clause (ii), in the second proviso, for the words irrespective of the above age limit the words on attaining the age of fifty years shall be substituted....

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NSC shall be deemed to be encashed on the day of attaining Non-Resident Status

Notification No. G.S.R. 1238(E) (03/10/2017)

Provided that if a resident Indian having purchased a certificate, subsequently becomes Non-Resident during the currency of the maturity period, the certificate shall be encashed or deemed to be encashed be encashed on the day he becomes a non-Resident, and ab interest shall be paid at the rate applicable to the Post Office Savings Accoun...

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Post Office Savings Certificates (Amendment) Rules, 2017

Notification No. G.S.R. 1234 (E) (29/09/2017)

In exercise of the powers conferred by section 12 of the Government Savings Certificate Act, 1959 ( 46 of 1959) , the Central Government hereby makes the following rules further to amend the Post Office Savings Certificates Rules, 1960, namely...

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Aadhaar mandatory for All Post office deposits; Existing depositors to updates by 31.12.2017

Notification No. G.S.R. 1242(E) (29/09/2017)

(a) 'Aadhaar number' means an identification number as defined in clause (a) of section 2 of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 (18 of 2016); (aa) 'Account' means a Savings Account, a Recurring Deposit Account, a Time deposit Account, Monthly Income Scheme Account, Sukanya Sam...

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Aadhaar mandatory for NSC; Existing depositors to updates by 31.12.2017

Notification No. G.S.R. 1244(E) (29/09/2017)

Aadhaar number shall be the unique identifier for the purpose of establishing the identity of National Savings Certificate (NSC) holder. Provided that where Aadhaar number has not been assigned, the depositor shall submit proof of application of enrollment for Aadhaar....

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Aadhaar mandatory for PPF; Existing depositors to updates by 31.12.2017

Notification No. G.S.R. 1243(E) (29/09/2017)

Aadhaar number shall be the unique identifier for the purpose of establishing the identity of Public Provident Fund account holder. Provided that where Aadhaar number has not been assigned, the depositor shall submit proof of application of enrollment for Aadhaar....

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Aadhaar mandatory for Kisan Vikas Patra; Existing depositors to updates by 31.12.2017

Notification No.G.S.R. 1241(E) (29/09/2017)

Aadhaar number shall be the unique identifier for the purpose of establishing the identity of Kisan Vikas Patra account holder. Provided that where Aadhaar number has not been assigned, the depositor shall submit proof of application of enrolment for Aadhaar:...

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Post Office Recurring Deposit (Amendment) Rules, 2016

G.S.R. 355 (E) (29/04/2016)

In exercise of the powers conferred by section 15 of the Government Savings Bank Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office Recurring Deposit Rules, 1981, namely:-...

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NSC Maturity Period 5 Year wef 01.04.2016 & Interest Rate

Notification No. G.S.R. 354(E) (29/03/2016)

Where a certificate has been purchased on or after the 1st day of April, 2016 the maturity period of a certificate of any denomination, shall be five years, commencing from the date of issue of the certificate. The amount inclusive of interest, payable on encashment of the certificate at any time after the expiry of its maturity period sh...

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Interest Rate on Senior Citizen Savings Scheme wef 01.04.2016

G.S.R. 351(E) (29/03/2016)

In the Senior Citizen Savings Scheme Rules, 2004, in rule 7, in sub-rule (1), after the fourth proviso, following proviso shall be inserted, namely:-Provided also that in the case of a deposit made under these rules on or after the 1st day of April, 2016, it shall bear at the rate of 8.6 persent per annum from the date of deposit....

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Interest Rate on Post Office Time Deposit on or after 1st April, 2016

G.S.R. 356 (E) (29/03/2016)

In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office Time Deposit Rules, 1981, namely:-...

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Interest rate on Sukanya Samriddhi Account from 01.04.2015

G.S.R. 593(E) (27/07/2015)

In case of a deposit in Sukanya Samriddhi Account on or after the 1st day of April, 2015, it shall bear at the rate of 9.2 per cent. per annum from the date of deposit....

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Interest rate on Senior Citizens Savings Scheme from 01.04.2015

G.S.R. 592(E) (27/07/2015)

In the Senior Citizen Savings Scheme Rules, 2004, in rule 7, in sub-rule (1), after the third provisio, following proviso shall be inserted, namely:—Provided also that in the case of a deposit made under these rules on or after the 1st day of April, 2015, it shall bear at the rate of 9.3 per cent. per annum from the date of deposit....

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Sukanya Samriddhi Account Rules, 2014 – Notification

G.S.R.863(E) (02/12/2014)

Opening of Account.- (1) The account may be opened by the natural or legal guardian in the name of a girl child from the birth of the girl child till she attains the age of ten years and any girl child, who had attained the age of ten years, one year prior to the commencement of these rules. shall also be eligible for opening of the acco...

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Spouse with joint account or sole nominee can continue with account of deceased under Senior Citizen Saving Scheme

Notification No. GSR 392(E) (19/06/2014)

"Provided that in the case of a joint account, or where the spouse is the sole nominee, the spouse may continue the account on the same terms and conditions as specified under these rules...

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National Small Savings Fund (Custody and Investment) Amendment Rules, 2014

Notification No. G.S.R. 308 (E) (02/05/2014)

1. (1) These rules may be called the National Small Savings Fund (Custody and Investment) Amendment Rules, 2014. (2) They shall be deemed to have come into force on the 1st day of April, 2014....

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Easy Withdrawal on closure of saving a/c maintained at Post Offices if interest payment is not involved

Notification No. GSR 220(E) (13/03/2014)

Notification No. GSR 220(E), Dated-13-03-2014 In exercise of the powers conferred by section 15 of the Government Savings Bank Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office Savings Account Rules, 1981, namely:— 1. . (1) These rules may be called the Post Office Savings [&...

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Regarding Automatic maturity of Post Office Time Deposit account

Notiifcation No. G.S.R. 222(E) (13/03/2014)

Notification No. GSR 222(E) , DATED 13-3-2014 In exercise of the powers conferral by Section 15 of the Government Savings Bank Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office Time Deposit Rules, 1981, namely:— 1. (1) These rules may be called the Post Office […]...

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Credit of Interest on Post Office Monthly Income Account at any CBS branch of PO

Notification No. G.S.R 223(E) (13/03/2014)

Notification No. GSR 223(E), Dated 13-3-2014 In exercise of the powers conferred by section 15 of the Government Savings Bank Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office Monthly Income Account Rules, 1987, namely:— 1. (1) These rules may be called the Post Office [&hell...

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Post Office Saving A/c- ATM Card, Online Payment, Account Statement instead of Passbook

Notification No. G.S.R 219(E) (13/03/2014)

Notification No. GSR 219(E), Dated 13-3-2014 In exercise of the powers conferred by section 15 of the Government Savings Bank Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office Savings Bank General Rules, 1981, namely :— 1. (1) These rules may be called the Post […]...

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Post office Saving A/c – Date of Clearance to be treated as date of Deposit ; Account can be discontinued in case of more than four defaults

Notification No. G.S.R. 221(E) (13/03/2014)

If there are more than four defaults, the account shall be treated as discontinued and revival of the account shall be permitted only within a period of two months from the month of fifth default and in case a depositor fails to deposit next monthly deposit within the time prescribed in sub-rule (3) of rule 6, a default fee at the rate of...

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Maturity period for NSC reduced to 5 years & Change in Interest Rate

Notification No. G.S.R. 397(E) (25/06/2013)

NOTIFICATION NO. GSR 397(E) [F.NO.2/1/2013-NS-II], DATED 25-6-2013 In exercise of the powers conferred by section 12 of the Government Savings Certificates Act, 1959 (46 of 1959), the Central Government hereby makes the following rules further to amend the National Savings Certificates (VIII Issue) Rules, 1989. namely:- 1. (1) These rules...

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Introduction of Basic Savings Account under Post Office Savings Account Rule 1981

Notification No. F.No.25-10/2005 (12/06/2013)

Introduction of Basic Savings Account under Post Office Savings Account Rule 1981 to facilitate opening of Zero Balance Accounts by beneficiaries of any Government Welfare Scheme-regarding....

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Government notifies revised rates for International Posts

Notification No. S.O. 1211(E) (13/05/2013)

NOTIFICATION NO. SO 1211(E) [NO.43-1/2012-DA], DATED 13-5-2013 In exercise of the powers conferred by section 21 of the Indian Post Office Act, 1898 (6 of 1898), the Central Government hereby makes the following rules further to amend the Indian Post Office Rules, 1933, namely:- 1. (1) These rules may be called the Indian Post Office [&he...

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Post Office Savings Account (Amendment) Rules, 2012 – Amendment in Rule 4A

Notification No. G.S.R 926(E) (13/01/2013)

These rules may be called the Post Office Savings Account (Amendment) Rules, 2012. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In Post Office Savings Account Rules, 1981, in rule 4A, in the Table, —...

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NSC (VIII Issue) – Revised Interest Rate From 01.04.2012

Notifcation No. G.S.R. 318(E) (25/04/2012)

In exercise of the powers conferred by section 12 of the Government Savings Certificates Act, 1959 (46 of 1959), the Central Government hereby makes the following rules further to amend the National Savings Certificates (VIII Issue) Rules, 1989, namely:- 1. (1) These rules may be called the National Savings Certificates (VIII Issue) (Amen...

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NSC (IX Issue) – Amendment in Rules 15 & 16 – Revised Interest Rate From 01.04.2012

Notification No. G.S.R. 319(E) (25/04/2012)

In exercise of the powers conferred by section 12 of the Government Savings Certificates Act, 1959 (46 of 1959), the Central Government hereby makes the following rules further to amend the National Savings Certificates (IX Issue) Rules, 2011, namely:- 1. (1) These rules may be called the National Savings Certificates (IX Issue) (Amendme...

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Interest Rate on Post Office Recurring Deposit from 01.04.2012

Notification No. G.S.R. 320(E) (25/04/2012)

in exercise of the powers conferred by section 15 of the Government Savings Bank Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office Recurring Deposit Rules, 1981, namely:- 1. (1) These rules may be called the Post Office Recurring Deposit (Amendment) Rules, 2012. (2) They ...

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Interest Rate on Senior Citizens Savings Scheme from 01.04.2012

Notification No. G.S.R. 321(E) (25/04/2012)

In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Senior Citizens Savings Scheme Rules, 2004, namely:— 1. (1) These rules may be called the Senior Citizens Savings Scheme (Amendment) Rules, 2012....

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Interest Rate on Post Office (Monthly Income Account) from 01.04.2012

Notiifcation No. .G.S.R 322(E) (25/04/2012)

NOTIFICATION NO.GSR 322(E), DATED 25-4-2012 In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office (Monthly Income Account) Rules, 1987, namely:- 1. (1) These rules may be called the Post Office (Mont...

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Post Office Time Deposit Interest Rate from 01.04.2012

Notification No. G.S.R 323(E) (25/04/2012)

POST OFFICE TIME DEPOSIT (AMENDMENT) RULES, 2012 - AMENDMENT IN RULE 7 - NOTIFICATION NO.GSR 323(E), DATED 25-4-2012 - In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office Time Deposit Rules, 1981, ...

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All about Public Provident Fund Scheme (PPF)

Every individual desirous of subscribing to Fund under the Scheme for the first time either on his own behalf or on behalf of a minor of whom he is the guardian or on behalf of a Hindu Undivided Family of which he is a member or on behalf of an Association of persons or a Body of individuals as referred to in sub rule 2(b) of Rule 3 above...

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National Savings Certificates-IX Issued specified as class of Savings Certificates to which Government Savings Certificates Act, 1959 will apply

Notification No. G.S.R. 868(E) (07/12/2011)

Notification No. G.S.R. 868(E), dated 07-12-2011- In exercise of the powers conferred by section 1(3) of the Government Savings Certificates Act, 1959, the Central Government through this notification has specified that National Savings Certificates-IX Issue shall be the class of Savings Certificates to which the said Act applies. Accordi...

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Notification for Launch of 10-Year National Savings Certificate (IX-Issue), 2011 Issued

NA (29/11/2011)

In accordance with the decisions taken by the Government on the basis of the recommendations of the Committee for Comprehensive Review of National Small Savings Fund (NSSF), headed by Smt Shyamala Gopinath, the then Deputy Governor, Reserve Bank of India, Notifications on changes made in various small saving schemes except 10-Year Nationa...

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Interest Rate on PPF increased to 8.60 percent w.e.f. 01.12.2011

Notificatiuon No. S.O. (E) (25/11/2011)

In pursuance of section 5 of the Public Provident Fund Act, 1968 (23 of 1968) the Central Government hereby notifies that the subscriptions made to the fund on or after the 1st day of December, 2011 and balances at the credit of the subscriber shall bear interest at the rate of 8.6 per cent. per annum. ...

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PPF – Investment Limit increased to 1 lakh, Loan to cost 2% extra

NA (27/11/2011)

Public Provident Fund (Amendment) Scheme, 2011 - Amendment in paragraphs 3, 11 and Form A NOTIFICATION [F.No. 1/9/2011-NS-II], dated 25-11-2011 In exercise of the powers conferred by sub-section (4) of section 3 of the Public Provident Fund Act, 1968 (23 of 1958), the Central Government hereby makes the following further amendment t...

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National Small Savings Fund (Custody and Investment) amendment Rules, 2011 – Amendment in rule 9

[F.No.1/12/2011-NS-II (25/11/2011)

NOTIFICATION [F.No.1/12/2011-NS-II], dated 25-11-2011 In exercise of the powers conferred by clause (1) of article 283 of the Constitution, the President hereby makes the following further amendments in the National Small Savings Fund (Custody and Investment) Rules, 2001, namely:- 1. (1) These rules may be called the National Small ...

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Post Office Time Deposit (Second Amendment) Rules, 2011 – Amendment in Rules 7 and 8

F.No.1/11/2011-NS-II] (25/11/2011)

NOTIFICATION [F.No.1/11/2011-NS-II], dated 25-11-2011- In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office Time Deposit Rules, 1981, namely:-1. (1) These rules may be called the Post Office Time Dep...

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Post Office Savings Account Rules – Interest with effect from 1-12-2011 notified

F.No. 1/10/2011-NS-II (25/11/2011)

NOTIFICATION [F.No. 1/10/2011-NS-II], dated 25-11-2011- In pursuance of rule 6 of the Post Office Savings Account Rules, 1981, the Central Government hereby notifies that, with effect from the 1st day of December, 2011, interest on the balance at credit of an account shall be allowed at the rate of four per cent, per annum....

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Post Office Recurring Deposits – Interest w.e.f. 1-12-2011 notified

[F.No.1/7/2011-NS-II (25/11/2011)

Post Office Recurring Deposit (Second Amendment) Rules, 2011 - Amendment in rules 9. 10, 11, 12 and insertion of tables 44 to 46 NOTIFICATION [F.No. 1/7/2011-NS-II], dated 25-11-2011 In exercise of the powers conferred by section 15 of the Government Savings Bank Act, 1873 (5 of 1873), the Central Government hereby makes the followi...

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NSC – Interest with effect from 1-12-2011 notified

[F.No.1/7/2011-NS-II (25/11/2011)

National Savings Certificates (VIII Issue) (Second Amendment Rules, 2011 - Amendment in rules 15 and 16- NOTIFICATION [F.No.1/7/2011-NS-II], dated 25-11-2011 In exercise of the powers conferred by section 12 of the Government Savings Certificates Act, 1959 (46 of 1959), the Central Government hereby makes the following rules further to a...

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Post Office (Monthly Income Account) Second Amendment Rules, 2011 – Amendment in Rules 8 and 9

f.no.1/11/2011-ns-ii (25/11/2011)

In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office (Monthly Income Account) Rules, 1987, namely:- 1. (1) These rules may be called the Post Office (Monthly Income Account) Second Amendment Rules, ...

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Kisan Vikas Patras – Discontinuance of sale w.e.f. 30-11-2011

F.No. 1/10/2011-NS-II (25/11/2011)

It is notified for general information that the sale of Kisan Vikas Patras shall be discontinued with effect from the close of business on Wednesday, the 30th November, 2011....

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Small savings schemes – Notified rate of commission for canvassing/securing investment in

Notiifcation No. F.No. 1/12/2011-NS-II] (25/11/2011)

The Central Government hereby notifies that the authorised Standardised Agency System (SAS) and Mahila Pradhan Kshetriya Bachat Yojana (MPKBY) agents for canvassing/securing investments in the small savings schemes as per the terms of agreement executed by them under the Standardised Agency System (SAS) and Mahila Pradhan Kshetriya Bachat...

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PPF Investment to be Raised to one Lakh, KVP discontinued, Increase in interest rate of PPF, NSC, MIS, POSA

Notification No. 6-1/2011-NS.II (Pt.) (11/11/2011)

The maturity period for Monthly Income Scheme (MIS) and National Savings Certificate (NSC) will be reduced from 6 years to 5 years.A new NSC instrument, with maturity period of 10 years, would be introduced. Kisan Vikas Patras (KVPs) will be discontinued.The annual ceiling on investment under Public Provident Fund (PPF) Scheme will be inc...

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National Savings Certificates (VIII Issue) Amendment Rules, 2011 – Amendment in rule 15A

Notification No. 744 - Income Tax (04/10/2011)

Notification No. 744/2011 - Income Tax In exercise of the powers conferred by Section 12 of the Government Savings Certificates Act, 1959 (46 of 1959), the Central Government hereby makes the following rules further to amend the National Savings Certificates (VIII Issue) Rules, 1989, namely...

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Kisan Vikas Patra (Amendment) Rules, 2011 – Amendment in rule 13A

Notification No. 743 - Income Tax (04/10/2011)

Notification No. 743/2011 - Income Tax 1. (1) These rules may be called the Kisan Vikas Patra (Amendment) Rules, 2011. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Kisan Vikas Patra Rules, 1988, in rule 13A, the words "for a maximum period of two years" shall be omitted....

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Post Office Time Deposit (Amendment) Rules, 2011 – Amendment in rule 9

Notification No. 742 - Income Tax (04/10/2011)

Notification No. 742/2011 - Income Tax 1. (1) These rules may be called the Post Office Time Deposit (Amendment) Rules, 2011. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Post Office Time Deposit Rules, 1981, in rule 9, the words "for a maximum period of two years" shall be omitted....

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Post Office (Monthly Income Account) Amendment Rules, 2011 – Amendment in rule 9A – NOTIFICATION NO. G.S.R. 741(E)

Notification No. 741 - Income Tax (04/10/2011)

Notification No. 741 - Income Tax In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office (Monthly Income Account) Rules, 1987, namely...

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Post Office Recurring Deposit (Amendment) Rules, 2011 – Amendment in rules 6, 9, 9A and 11

Notification No. 740- Income Tax (04/10/2011)

Notification No. 740 - Income Tax wers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office Recurring Deposit Rules, 1981, namely...

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Payment of fee under the RTI Act by Indian Postal Order

Notification No. F.10/9/2008-IR (26/04/2011)

No.F.10/9/2008-IR Dated April 26, 2011 Right to Information (Regulation of Fee and Cost) Rules, 2005 provide that a person seeking information under the RTI Act. 2005 can make payment of fee for obtaining information by cash or demand draft or banker’s cheque or Indian Postal Order. It has been brought to the notice of this Deportment t...

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Post Office Savings Account (Amendment) Rules, 2010 – Amendment in rule 4

Notification No. GSR 882(E) (03/11/2010)

Notification No. GSR 882(E), dated 3-11-2010 In exercise of the powers conferred by section 15 of the Government Savings Bank Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office Savings Account Rules, 1981, namely :—...

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Post Office Monthly Income Scheme limits increased

G.S.R. 521(e) (01/08/2007)

These rules may be called the Post Office (Monthly Income Accounts) Amendment) Rules, 2007. (2) They shall come into force on the date of their publication in the Official Gazette.2. 2. In the Post Office (Monthly Income Account) Rules, 1987,—(i) in rule 4, for the words "three lakh" and "six lakh", the words "four lakh fifty thousand" ...

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