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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Deduction/Non-deduction of TDS in SCSS accounts in CBS post offices reg

Finance - No. FS-13/7/2020-FS Government of India Ministry of Communications Department of Posts (F.S.Division) Dak Bhawan New Delhi-110001 Dated: 15.09.2021. To, All Head of Circles/Regions, Sub: – Deduction/Non-deduction of TDS in SCSS accounts in CBS post offices reg. Sir/Madam, This office is receiving various representations from the SCS...

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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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Reg. Issue of interest certificate of POSB Schemes for return filing

SB Order No. 38/2021 - (23/11/2021) - References have been received from the customers to provide a consolidated certificate for interest earned in their POSB accounts in a Financial Year for the purpose of filing of Income Tax returns etc....

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Clarifications on operation of PM CARES for Children Scheme, 2021

SB Order No 33/2021 - (22/11/2021) - Clarifications on operation of PM CARES for Children Scheme, 2021 and circulation of provisional Accounting Procedure for ‘PM CARES for Children Scheme-2021– Regarding....

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Deduction/Non-deduction of TDS in SCSS accounts in post offices

SB Order No. 37/2021 - (22/11/2021) - i. Whenever the SCSS account holder submits form 15G/15H, the concerned post office shall ensure that the details in customers CIF and SCSS account as prescribed in the table below. ii. All CBS post offices shall ensure that all form 15G/15H already received are updated in Finacle, as TDS deducti...

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Relaxation in mandatory updation of ASLAAS-5 Card Numbers

SB Order No. 36/2021 - (12/11/2021) - It is once again reiterated that mentioning of ASLAAS-5 card number in the schedule of deposits being made by the MPKBY Agents is mandatory in accordance with the provisions of MPKBY Agency Rules, 1972. However, to overcome the issue of preparation of schedule (Bulk list) due to non-updation of ASLA...

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Clarifications with respect to Post Office Saving Bank Operations

SB Order No. 35/2021 - (05/11/2021) - The procedure for issue of fresh passbook in lieu of old / used up passbook is prescribed in Rule 44 of POSB CBS Manual. But there is no clarity whether the fresh passbook of account standing in CBS Post Offices (P0) can be issued by any other CBS PO....

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Reg. Issue of interest certificate of POSB Schemes for return filing

SB Order No. 38/2021 23/11/2021

References have been received from the customers to provide a consolidated certificate for interest earned in their POSB accounts in a Financial Year for the purpose of filing of Income Tax returns etc....

Read More

Clarifications on operation of PM CARES for Children Scheme, 2021

SB Order No 33/2021 22/11/2021

Clarifications on operation of PM CARES for Children Scheme, 2021 and circulation of provisional Accounting Procedure for ‘PM CARES for Children Scheme-2021– Regarding....

Read More

Deduction/Non-deduction of TDS in SCSS accounts in post offices

SB Order No. 37/2021 22/11/2021

i. Whenever the SCSS account holder submits form 15G/15H, the concerned post office shall ensure that the details in customers CIF and SCSS account as prescribed in the table below. ii. All CBS post offices shall ensure that all form 15G/15H already received are updated in Finacle, as TDS deduction is based on the information available...

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Relaxation in mandatory updation of ASLAAS-5 Card Numbers

SB Order No. 36/2021 12/11/2021

It is once again reiterated that mentioning of ASLAAS-5 card number in the schedule of deposits being made by the MPKBY Agents is mandatory in accordance with the provisions of MPKBY Agency Rules, 1972. However, to overcome the issue of preparation of schedule (Bulk list) due to non-updation of ASLAAS-5 card numbers in Agent Portal [&hell...

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Clarifications with respect to Post Office Saving Bank Operations

SB Order No. 35/2021 05/11/2021

The procedure for issue of fresh passbook in lieu of old / used up passbook is prescribed in Rule 44 of POSB CBS Manual. But there is no clarity whether the fresh passbook of account standing in CBS Post Offices (P0) can be issued by any other CBS PO....

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Reg. Adjustment of interest in MIS account in case of death of joint holder

S.B. Order 29/2021 28/10/2021

Regarding adjustment of interest through HINTTM menu for premature closure of PPF account, deceased claim closure of SCSS/SSA account in CBS post offices and payment of excess deposit amount in MIS in case of death of joint account holder....

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SOP for updation of ASLAAS card number in Agent Portal by MPKBY Agents

SB Order No. 32/2021 27/10/2021

This office was receiving representations from the MPKBY Agents and Agents Association to provide provision for storing ASLAAS card number against each RD account in Agent Portal. 2. This issue was examined in detail and the competent authority has decided to make necessary changes in Agent Portal to update & store ASLAAS card number f...

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SOP for dealing with cases of amalgamation of PPF Accounts

SB Order No. 31/2021 18/10/2021

Whenever any depositor has opened more than one PPF Accounts, the second and subsequent accounts opened are treated as irregular, as an individual can open only one single account under PPF Scheme....

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Deduction/Non-deduction of TDS in SCSS accounts in CBS post offices reg

No. FS-13/7/2020-FS Government of India Ministry of Communications Department of Posts (F.S.Division) Dak Bhawan New Delhi-110001 Dated: 15.09.2021. To, All Head of Circles/Regions, Sub: – Deduction/Non-deduction of TDS in SCSS accounts in CBS post offices reg. Sir/Madam, This office is receiving various representations from the SCS...

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Posted Under: Finance |

Adjustment of outstanding RD Loan/interest of matured RD Account through office account (SOL ID+0023) in CBS post offices

SB Order No. 26/2021 09/09/2021

This office is receiving many representations from RD account holders about the need for credit of outstanding RD Loan/interest amount on matured RD accounts in Finacle. The issue was examined in detail and to avoid any inconvenience to the RD account holders, necessary amendments have been made in Finacle....

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