No.110-01/2012-SB
Ministry
of Communications & IT
Department
of Posts
(F.S.
Division)
Dak
Bhawan, Sansad Marg,
To
The Chief Commissioner
O/o The Chief Commissioner For Person with Disabilities
Min of Social Justice and Empowerment
Department of Disability Affairs
Sarojini House, 6, Bhagwan Dass Road
New Delhi -110001
The Chief Commissioner
O/o The Chief Commissioner For Person with Disabilities
Min of Social Justice and Empowerment
Department of Disability Affairs
Sarojini House, 6, Bhagwan Dass Road
New Delhi -110001
Sub:
Disbursement of interest on the amount of Fixed Deposit of a person with
disability by Money Order.
Kindly refer to your office
letter No. 29/1102/12-13 dated 12.09.2012 on the subject.
The undersigned is directed to say that there is a scheme called Monthly Income Scheme in post offices where money is deposited for a fixed period of 5 years and interest is paid on the monthly basis @8.5%. In this Scheme, payment of monthly interest can be taken either by coming to post office or by giving a Standing Instruction for credit of monthly interest into post office savings account of the depositor standing in same post office.
The undersigned is directed to say that there is a scheme called Monthly Income Scheme in post offices where money is deposited for a fixed period of 5 years and interest is paid on the monthly basis @8.5%. In this Scheme, payment of monthly interest can be taken either by coming to post office or by giving a Standing Instruction for credit of monthly interest into post office savings account of the depositor standing in same post office.
Keeping
in view the requirement of the customer and the circumstances mentioned in the
representation forwarded by your office, this office has taken a decision to provide
additional facility of payment of interest at the doorstep through Money order
after deducting MO Commission and cost of MO forms. In this connection,
instructions have been issued to all post offices to offer this facility as and
when any customer requests for the same.
It is requested that the Sh. Kanan may be advised to approach any nearby post office to avail this facility.
This issues with the approval of DDG(FS)
Yours
faithfully,
sd/-
(Kawal
Jit Singh)
Assistant
Director
Savings
Bank