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 mi...
Finance : Stay informed about recent updates in small saving schemes post-retirement, including rules for opening accounts and time limits f...
Corporate Law : No. FS-13/7/2020-FS Government of India Ministry of Communications Department of Posts (F.S.Division) Dak Bhawan New Delhi-110001 ...
Finance : In accordance with the decisions taken by the Government on the basis of the recommendations of the Committee for Comprehensive Re...
Finance : The Department of Posts launched Personalized Cheque Books for POSA customers with pre-printed account details and IFSC informatio...
Finance : Under SB Order No. 03/2026, customers can now withdraw up to ₹20,000 through Aadhaar authentication without submitting withdrawa...
Finance : The Department of Posts revised the limit for voucher-free Aadhaar-authenticated withdrawals from ₹5,000 to ₹20,000. The move ...
Income Tax : The consolidation into Form 121 introduces stricter documentation and reporting obligations. The decision emphasizes accountabilit...
Finance : The government has kept small savings interest rates unchanged for April–June 2026, ensuring continued stable returns for invest...
This office is receiving various representations from the depositors that due to old age or illness they are unable to attend post offices for withdrawal or loan or closure or premature closure of their accounts.
SB Order No. 22/2021 F. No. FS-61/5/2020-FS Government of India Ministry of Communications Department of Posts (F.S. Division) Dak Bhawan, New Delhi-110001 Dated:- 22 /07/2021 All Head o1 Circles/Regions Subject:- Amendment in rule 43(2)(vi) of POSB Manual Volume II regarding. Sir/Madam, This office is receiving various representations from the depositors that they are facing […]
Keeping in view of duplicacy of work at account office and risk of fraud, competent authority has decided to block BO settlement account (SOL ID-0339) in all CBS Post Offices w.e.f. 1st August 2021. BOs attached with CBS post offices shall do POSB transactions in RICT CBS application only. SB Order No. 21/2021 F. No. […]
The Savings Bank Allowance had been introduced on 01.05.1989, and was paid to the Postal Assistants working in the SB Branches of the Post Offices. The allowance was admissible only to those Postal Assistants who were selected to be posted in SB Branch having at least 5 years service with good record and pass the aptitude test / such other test as may be prescribed from time to time for posting in the SB Branch.
This office is receiving various representations from the depositors that post offices are forcing them for filling of fresh ‘Account Opening Form’ at the time of account closure/premature closure due to non availability/traceability of SB-3/AOF.
In continuation to the SB Order No. 01/2017 dated 29.03.2017, the undersigned is directed to inform that Government of India, Ministry of Finance, (Dept. of Revenue, CBDT) vide Notification dated 12.03.2021 issued vide GSR 175(E), has inserted the following sub rule in Rule 114E of Income Tax Rules, 1962.
Rate of interest on various National (Small) Savings Schemes for the second quarter of financial year 2021-22 starting from 1st July, 2021 and ending on 30th September, 2021 shall remain unchanged from the current interest rates applicable for the first quarter (1st April, 2021 to 30th June, 2021).
The rate of interest on various Small Savings Schemes for the second quarter of financial year 2021-22 starting from 1st July, 2021 and ending on 30th September, 2021 shall remain unchanged from the current rates applicable for the first quarter (1st April, 2021 to 30th June, 2021) for FY 2021-22.
It has been brought to the notice of the Postal Directorate that most circles have not completed SOL merger activity as prescribed. As a result, accounts are still mapped to the merged SOL ID. This may lead to public complaint, incorrect accounting and misappropriation of government money.
As per Rule 12 of Govt. Savings Promotion General Rules, 2018 issued vide GSR No. 1003(E) dated 05.10.2018 circulated vide SB Order No. 13/2019 dated 18.12.2019, at the time of payment of maturity proceeds or partial withdrawal or interest, the depositor shall affix his signature or thumb impression in the presence of the authorised officer who shall verify the identity of the person
