Highlights of S B Order No. 22 / 2011 to 29 / 2011

Highlights of S B Order No. 22 / 2011 to 29 / 2011 issued in connection with revision of interest rates in Post Office Savings Schemes with effect from 01-12-2011

S B Order No. Issued for Important features to be noted
with effect from 01.12.2011

SB 22 / 2011,Dtd.24.11.2011 K V P


   1. Discontinued from 01.12.2011.
   2. Existing stock to be returned by BOs to Account Office,
      S O to HO and by HO to CSD after 30.11.2011.
   3. Investment through cheques not to be accepted from 28.11.2011.
   4. Amount to be refunded in respect of cheques cleared after 30.11.2011.

SB 23 / 2011,Dtd.24.11.2011 NSC


 1. Maturity period reduced to 5 years
2. Maturity value revised to 150.90 (for denomination of Rs.100/-).
3.Rubber stamp to be affixed on the existing 6 year NSCs citing the revised period / value before issue.

SB24 / 2011,Dtd.24.11.2011 P P F
1. Maximum investment revised to Rs.100000/ per financial year.
2. Rate of interest revised to 8.6%.
3.Rate of interest on loan revised to 2% per annum.
4.Rate of interest of 1 % per annum will be charged on loans taken up to 30.11.2011.

SB 25 / 2011, Dtd.24.11.2011 M I S
 1. Maturity period reduced to 5 years.
2. 5% Bonus on maturity discontinued.
3. Rate of interest shall be 8.2% per annum
4 Rubber stamp shall be used on new Accounts relating to the revised maturity period.
5. No bonus shall be paid on accounts to be opened through cheques presented from 25.11.2011 and cleared after 30.11.2011.

SB26 / 2011, Dtd.24.11.2011
S B Rate of interest revised to 4 % per annum.

SB27 / 2011, Dtd.24.11.2011 T D
 1. Rate of interest per annum revised as follows :
Period of Deposit Rate of interest per annum( Compounded quarterly )


1 Year     7.7
2 Years   7.8
3 Years   8.0
5 Years   8.3

2. Premature Closure :


a. If closed after 6 months but before 1 year
Normal Savings Account interest applicable from time to time shall be payable.


b. If closed after 1 Year ( For 2, 3 & 5 Years TD)
Interest will be calculated 1 % less than the rate specified for the period of deposit of 1 Year, 2 Years or 3 Years TD.


SB28 / 2011, Dtd.24.11.2011 R D Maturity value increased to Rs.738.62 on RD account of Rs.10/- denomination and proportionate value for other denomination.

SB29 / 2011,Dtd.24.11.2011
SAS &MPKBY Agent Commission
Scheme      Rate of Commission


R D                           4%
TD, MIS, NSC         0.5%
PPF                          Nil
SCSS                       Nil

( NB : Original Orders may be referred to for all purposes. This has been produced for instant information)