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...
Maturity/pre-mature/closure amount of all type of National Savings Schemes can now be credited into account holders bank account through ECS outward credit
Though NSC IX Issue is a discontinued scheme, NSC IX Issue certificates may be discharged / encashed / closed in any Departmental Post Office, following the procedures prescribed in Chapter 13 of POSB CBS Manual Volume
National Savings (Monthly Income Account) (Amendment) Scheme, 2022 – Deposit made under this Scheme on or after the 1st day of October, 2022 shall bear interest at the rate of 6.7 per cent. per annum.
Kisan Vikas Patra (Amendment) Scheme, 2022 – The maturity period of an account opened on or after the 1st day of October, 2022 shall be ten years and three months. The deposits made in the account shall double on maturity
National Savings Time Deposit (Amendment) Scheme, 2022 takes effect from the date as specified in the notification. However, no one shall be adversely affected as a result of retrospective effect being given to this amendment Scheme.
Senior Citizens’ Savings (Amendment) Scheme, 2022- Deposit made under Senior Citizens’ Savings Scheme, 2019 on or after the 1st day of October, 2022 shall bear interest at the rate of 7.6 per cent. per annum.
If any depositor is already having one SB Pension Single Account and one normal SB Single Account opened before 18.12.2019, both the accounts can be continued in operation and they shall be treated as normal savings accounts for operation.
With introduction of the facility, Post Office Small Savings customers will be able to access the account details anytime, anywhere and without the need of having Net Banking or the Mobile Banking access e-Passbook facility can be accessed by an account holder through the registered mobile number.
Revision of interest rates for Small Savings Schemes for Q3 of 2022-23 (i.e. from 1st October, 2022 to 31st December, 2022) Interest rates of small saving schemes for the Third quarter of financial year 2022-23 starting from 1st October, 2022 and ending on 31st December, 2022. Small saving schemes includes PPF, NSC, Senior Citizen Savings Schemes, Sukanya Samriddhi […]
Refund of default fee to the RD depositors whose accounts are operated through MPKBY agents shall be done centrally by CEPT, Chennai. The default fee collected on 01.09.2022 and 02.09.2022 shall be refunded and credited into the MPKBY Agents’ commission credit savings account concerned.
