Thursday 9 January 2014

SB ORDER 2013 at a glance

S B ORDER NO
DESCRIPTION
1
Amendment in Rule 4A of Post Office Savings Account Rules 1981 thereby allowing deposits other than wages under MGNREGA into worker wages account
2
Enhancement of limit for verification of withdrawals from Savings account made at Extra departmental/ SUB/ Branch office  and Single handed Post offices reg
3
Identification of PPF accounts  and admissibility of interest in such accounts reg:
4
Revision in interest in small savings account reg:
5
Change of Mode of dispatch of list of outstation cheques   along with cheque for clearance from registered to Insured
6
Acceptance of business from SAS agent reg:
7
Admissibility of commission on deposit  in POTD accounts to GDSBPM
8
Reduction in preservation periods  of records under prevention of Money Laundering act 2002- reg:
9
Introduction of “ Basic savings account” under Post office savings  account rule 1981 to facilitate opening of Zero balance accounts by beneficiaries of any Govt  welfare scheme reg:
10
Deduction of TDS at the Time payment of quarterly interest from SCSS accounts, withdrawal from NSS 87 accounts , Payment of Commission to Agents and issue of TDS certificate in Form 16A
11

Problem faced by Small Savings Agents
12
Change in procedure of payment of commission to SAS/ MPBKY Agents and PRSG Leaders in the post offices to be migrated to Finacle CBS Application

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