SB ORDER NO. 10 /2017
114-02/2002-SB(Pt,)
Government of India
Ministry of Communications & IT
Department of Posts
DakBhawan. Sansad Marg,
New Delhi-110001.
Date: 17 08,2017
To,
All Heads of Circles/Regions
Addl, Director General, APS, New Delhi
Subject;- Introduction of another Standardized Uniform Savings Bank Passbook (SB5A) for ID, NSC and KVP Accounts to be issued by CBS and non CBS post offices-regarding,
Sir! Madam,
The undersigned is directed to refer to this office letter of even number dated 16-4.2009.
SB Order No.10/2012 dated 16.08,2012 and SB Order No.1/2014 dated 6,01.2014 on the subject vide Vi'hich instructions v*/ere issued for printing of Standardized Uniform Savings Bank Passbook (SB-5). On receipt of references from vartous field units regarding review of number of pages for printing of transactions after introduction of NSC/KVP Passbook from 01.07.2016 and for 1/2/3 and 5 Years TD accounts where few pages are required for entering transactions, the competent authority has taken the following decision:-
(i) Circles should get two types of Standardized Uniform Pass books printed:-
(a) with 9 Pages for printing transactions.(SB5)
(b) with 4 pages for printing transactions.fSB5A)
(ii) SB5A Pass books mentioned at (i)(b) above should be used for opening of 1/2/3 and 5 Years TD, NSC and KVP accounts.
2 All CBS and Non CBS Post Offices shall maintain separate Stock Registers for both types of Passbooks as laid down in Rule 5 and 6 of POSB Manual Vol-l. Other instructions issued vide this office letter of even number dated 06 01.2014 will remain unchanged
3. This issues in supersession of this office letter No. 61/01/2016-SB dated 11.08.2017 addressed to all heads of circles on the subject "Printing of small passbook (4 pages) instead of existing 36 pages passbook for savings certificates".It is requested that till stock of newly introduced Passbook (SB5A) is printed and made available to Post Offices, the existing passbook i.e SB5 will continue to be issued for TD/NSC and KVP
4. This may kindly be circulated to all concerned
This issues with the approval of competent authority
Yoixs faithfully,
Assistant Director (SB-1)
Copy to:-
1. DDG(FS)/DDG(V1G)/JS&FA/DDG(PAF)/DDG(RB)/DDG (Estt.)/DDG(PG & lnspections)/DDG (PCO)
2, Director (FS)/Director (CBS), DakBhawan.
3. Director of Audit (P&T) Delhi.
4. Resident Audit Officer, Room No 517-8. DakBhawan. New Delhi.
5. All Directors/Dy. Directors of Accounts. Postal
6. Director, RAKANPA, Ghaziabad
7. All Directors. Postal Training Centres
8. Director PTC Mysore for uploading the SB order on India Post Web Site.
9. Deputy Director (CEPT) O/o CPMG T N Circle Chennai
10, AD /Inspection/PFA/igilance
11. All Accounts Officers ICO(SB)
12. All recognized unions.
13. MOF(DEA), NS-II, North Block, New Delhi
14. PS to Member (Banking)
15. PPS to DG Posts.
16. PPS to Secretary Posts.
SB Order No. 11/2017
No. 25-11,/20T6-FS-CBS
Government of India
Ministry of Communications
(FS Division)
DakBhawan, Sansad Marg
New Delhi 110001.
Dated; 04.09. 2017
To,
All Heads of Circles/Regions
Addl. Director General, APs, New Delhi.
Sufa:-Closing of accounts/certificates belonging to discontinued schemes including NSS-87 and NSS-92 in Post Office working on CBS platform- regarding
Respected Sir/Madam,
I am directed to refer to this office letter no. 25-11/2016-FS-CBS Dated 21.06.2016 (SB Order No.5/2016).In para 29 of the said SB Order it has been clearly mentioned that "Closing of any discontinued scheme account/certificate including NSS-87 or NSS-92 should be done at HO only and closure amount should be paid only by credit into savings account or by cheque. No cash payment should be made in such cases, Any depositor if approaches for closure of such account/certificates at any SO should be asked to approach HPO".
2. It has been brought to the notice of this office that some HPOs are closing discontinued accounts/certificates including NSS-87 and NSS-92 accounts standing at other HPOs or SOs of other HPOs after using Transfer IN option. It is further directed that Head Post Offices should close only those discontinued accounts/certificates which are either standing at same HPO or SOs under that HPO only.
3. It is requested to issue suitable instructions to all CBS Head Post Offices & ensure that the instruction mentioned in this SB Order are scrupulously followed by all concerned.
This issues with the approval of competent authority.-
Yours Sincerely,
Assistant Director (SB-I)
Copy for information & necessary action to:-
1)DDG (FS)/DDG (VIG)/JS&FA/DDG (PAF)/DDG (RB)/DDG (Estt.)/DDG(PG & Inspections)/ DDG (PCO)
2) Director (FS)/Director (CBS), Dak Bhawan.
3) Director of Audit (P&T), Delhi.
4) All Directors/Dy. Directors of Accounts, Postal
5) Director, RAKNPA, Ghaziabad,
6) All Directors, Postal Training Centres.
7) Director CEPT Mysore for uploading the SB order on India Post Web Site.
8) Dy. Director CEPT, DMCC/SDC O/o CPMG T.N.Circle.
9) AD/Inspection/PFA/igilance
10)Ail Accounts Officers ICO(SB)
11)Alt recognized unions.
12)M0F(DEA), NS-II, North Block, New Delhi
13)Director, NSl, CGO Complex,'A'Wing, 4th Floor, Seminary Hills, Nagpur- 440006
14)PS to Member (Banking & HR)
15)PPS to Secretary Posts.
SB ORDER NO. 13/2017
F. No. 113-03/2017-SB
Government of India
Ministry of Communication & IT
Department of Posts
(F.S. Division)
Dak Bhawan, New Delhi
Dated: 03.10.2017
To,
All Heads of Circles
Addl. Director General, APS, New Delhi
Subject: Revision of interest rates for Small Savings Schemes.
Sir/Madam,
The undersigned is directed to say that vide their O.M. No. 1/04/2016-NS dated 29.09.2017, the Ministry of Finance. Department of Economic Affairs (Budget Division), New Delhi have informed that the rate of interest on various small savings schemes for the third quarter of financial year 2017-18 starting 1" October. 2017, shall remain unchanged from those notified for the second quarter of FY 2017-18.
2. This is for information & necessary action by all concerned.
3. This issues with the approval of Competent Authority.
Yours faithfully
Assistant Director (SB-I)
Copy to;-
1. (FS)/DDG{ViG)/JS&FA/DDG(PAF/DDG(RB)/DDG(Estt,)/DDG(PG & Insps.)/ DDG (PCO)
2. Director (Tech) O/o Pr. CPMG T.N Circle.
3. Director (FS)/Director (CBS), Dak Bhawan.
4. Director of Audit (P&T), Delhi.
5. All Directors/Dy. Directors of Accounts, Postal
6. Director, Postal Staff College, Ghaziabad.
7. All Directors, Postal Training Centres. -
8. Director PTC Mysore for uploading the SB order on India Post Web Site.
9. Dy.Director (CEPT) Chennai O/O CPMG T.N.Circle, Chennai for taking up changes in Sanchaya Post and Finacle with the FSI Vendor immediately.
10. Dy.Manager FSI &RSI {CEPT)0/0 CPMG T N Circle Chennai.
11. AD /Inspection/PF/Vigilance
12. All Accounts Officers ICO(SB)
13. All recognized unions.
14, MOF(DEA), NS-II, North Block, New Delhi
15, Director, NSI, CGO Com pi ex,'A'Wing, 4th Floor, Seminary Hills, Nagpur-440006
16. PS to Member (T)
17. PPS to Secretary Posts
SB Order No.15/2017
F.No.113-02/2015-SB
Government of India
Ministry of Communications & IT
Department of Posts
DakBhawan, Sansad Marg,
New Dellii-110001.
Date: 06.10.2017
To
All Heads of Circles/Regions
Addl. Director General, APS, New Delhi.
Subject:-Mandatory use of Savings Account for credit of maturity/premature value,monthly/quarterly/yearly interest in case of MIS/SCSS/TD accounts and investments from 1st December 2017-regarding.
Sir / Madam,
In view of Min. of Finance (DEA) O.M No. 1/3/2017-NS dated 03.08.2017 & 22.09.2017, the competent authority has taken the following decisions to be implemented in all CBS and non CBS Post Offices:-
1. On closure of any account either on maturity or on premature (other than savings account), the closure amount shall be paid only by credit into a Post Office Savings Account from 1st December 2017.
2. Monthly Interest/Quarterly Interest/Yearly Interest in respect of all MIS/SCSS and ID accounts shall also be paid only by credit into Post Office Savings Account from 1st December 2017.
3. To implement above decisions, following steps need to be taken by all the circles/regions from the date of receipt of this letter:-
(i) Special drive should be organized to contact existing depositors of RD/MIS/TD/SCSS/NSC/KVP/PPF/SSA through Postmen or through issue of notices or through advertisements in electronic/print media for LINKING of their Post Office Savings Account with their RD/MIS/TD/SCSS/NSC/KVP/PPF/SSA accounts for credit of closure/Interest value and AADHAAR NUMBER as well as MOBILE NUMBER with their CIF ID.
(ii) Where customers are already having Post Office Savings account in post office, a mandate for credit of closure proceed and monthly/quarterly/yearly interest in case of MIS/SCSS and TD accounts should be taken alongwith a declaration.
(iii) All customers of MIS/SCSS/TD who are attending post offices for taking payment of interest by cash should be told that from 1st December 2017, interest will not be paid by cash and request them to get their savings account limited for credit of Interest for the next time.
(iv) If any such customer is not having Post Office Savings Account, he/she should be given option to open savings account with various add on facilities available with the Post Office Savings Account llke:-
1. Benefit of Accidental Insurance of Rs.2 lakh with very small premium of Rs.12/- per year under PMSBY (Pradhan Mantri Suraksha BIma Yojana).
2. Benefit of Life Insurance of Rs.2 lakh with very small premium of Rs.331/- per year under PI\/IJJBY(Pradhan Mantri Jeevan JyotI Bima Yojana).
3. Benefit of opting for Atal Pension Yojana (APY). (Pradhan Mantri Suraksha Bima Yojana).
4. Free ATM Card which can be used at any bank's ATM also.
5. Internet banking and Mobile Banking facilities.
6. Updating of Passbook at any CBS Post OfTice.
7. Facility of issue of cheque books.
(v) No new CIF should be created for these customers and Savings Account should be opened under existing CIF only. All different CIFs created during migration for a single customer (due to multiple accounts) should be merged Into single CIF belonging to Savings Account. For those customers, who have already submitted their KYC documents after migration to CBS, no fresh KYC document should be asked for.
(vi) From 1st December. 2017, no Postmaster Cheque should be issued against any closed account/certificate and if any depositor attends post office for closing of any account not having linked Post Office Savings Account by that date, a Basic Savings Account should be opened under the same CIF on the same day without asking for separate ACCOUNT OPENING FORM (AOF) by selecting SBBAS as scheme code and " For Credit of Closure/Interest Value of Small Savings Instruments" from the list of Welfare Schemes available in the dropdown in CBS and account should be closed and closure proceed should be credited to that account. Customer should be given Passbook of that Basic Savings Account. If customer requests,Insta ATM card should be issued immediately so that customer can withdraw the amount from any ATM as per his/her requirement. In case, customer wants to re-Invest any amount In any Small savings Scheme either directly or through SAS or MPKBY Agent and if account is not eligible for issue of cheque book or Cheque book is not available in stock,SB-7 i.e withdrawal Form filled by the customer should be treated at par with POSB Cheque (a non-cash transaction).
(vii) All SAS and MPKBY Agents should be contacted to reach out to the existing customers for linking of their Post Office Savings Account with other Small Savings Scheme accounts.
All BPMs should be directed to request all RD and TD Account holders to link their Post Office Savings Account as Repayment Account for credit of closure/Interest value into their savings account on due date and If any such account holder is not having Savings Account, he/she should be given option to open Post Office savings account and link it with their RD and TD Account. For linking of Savings Account, mandate forms should be sent to all BOs. On receipt of mandate forms from BOs, Accounts office should enter mandates in Finacle for the accounts standing in BOs. Physical mandate Forms should be kept in separate Guard Files by each SO and MO.
4. It is requested to circulate this order to all CBS and non-CBS Post Offices and all Divisional Heads should be asked to start this drive Immediately on receipt of this order so that customers may not complain of not giving sufficient time to implement these decisions.
Assistant Director (SB-I)
Copy to:
16) 1. DDG (FS)/DDG (V1G)/JS&FA/DDG {PAF)/DDG (RB)/DDG (Estt.)/DDG(PG & Inspections)/ DDG (PCO)
17) Director (FS)/Director (CBS), Dak Bhawan.
18) Director of Audit (P&T), Delhi.
19) All Directors/Dy. Directors of Accounts, Postal
20) Director, RAKNPA, Ghaziabad.
21) All Directors, Postal Training Centres.
22) Director CEPT Mysore for uploading the SB order on India Post Web Site.
23) Dy. Director CEPT, DMCC/SDC O/o CPMG T.N.Circle.He should get new welfare scheme created in Finacle as well as Sanchaya post.
24) AD /Inspection/PF/Vigilance
25) All Accounts Officers ICO(SB)
26) All recognized unions.
27) MOF(DEA), NS-II, North Block, New Delhi
28) Director, NSI, CGO Complex,'A'Wing, 4th Floor, Seminary Hills, Nagpur-440006
29) PS to Member (Banking & HR)
30) PPS to Secretary Posts.
