Sunday, May 5, 2013

Admissibility of commission on deposits in POTD accounts to GDSBPMs [Agent]

The undersigned is directed to say that after issue of SB Order No.29/2011 dated 24.0l .2011, this office has been receiving number of references on admissibility of commission on deposits in PO'|D account to GDSBPMS. In this regard, it is clarified that there is no change in the commission structure for GDSBPMs circulated vide this office  letter No. 48-2l88-SB dated 21 .02. 1989

The rate of commission to be paid to the GDSBPMs on opening of new 112/315 year TD accounts subject to the condition that accounts are opened directly at EDBO and not through any authorized agent are given below:-

2. It is also reiterated that no commission is payable on TD re-deposits made under Rule 6(3) of POTD Rules 1981 with retrospective date.

This may kindly brought to the notice of all post offices.

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