SB Order No. 06/2013 :Acceptance of business from SAS Agents
The undersigned is directed to say that Ministry of Finance (DEA) has directed this department to ensure scrupulous supply of Agent Receipt Books to post offices and commission to the agents should only be released when it is properly verified that the serial number of the Agent Receipt issued to the customer is properly reflected in the ACG- 17.
2. In view of the above directions, it is requested to issue notice to all SAS Agents through an office order to be pasted on the Notice Board of all Post Offices that no commission will be paid on the investments received through agents where number of Agent Receipt issued to the customer is not noted on ACG-17 and agent’s copy of the counterfoil is not presented alongwith investment for verification by the Counter PA- If these instructions are not followed in case of any investment, such investment will be treated as direct investments.
3. It is requested to circulate these instructions to all post offices and ensure that sufficient stock of AAR Books should be available in post offices where SAS agents are attached and indent for supply of AAR Books is sent by HOs to PSD and PSD to NSI Nagpur without any delay.
4. This issues with the approval of DDG(FS).
