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........ CITIZENS DUTY & SLOGAN ::: It shall be the duty of every Citizen of India to defend the Country and render National service when called upon to do so ... SLOGAN ::: "That loyalty to the Country becomes ahead of all other loyalties. And this is an absolute loyalty since one can not weight it in terms of what one receives" (Lal Bahadur Shastri) ..... ......... .......

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... ... ..................PLEASE NOTE THAT THE "AIPEU-GDS(NFPE)" WHICH WAS FOUNDED DURING APRIL,2012 HAS BEEN JOINED/MERGED/UNIFIED WITH AIGDSU AFTER THE IMPLEMENTATION OF A STRATEGIC PLAN ADOPTED BY NFPE. NOW THE AIPEUGDS (NFPE) IS NOT IN EXISTENCE....... HOWEVER THIS BOLG NAME REMAINS THE SAME .....

Wednesday, November 29, 2017

Mandatory Use of Savings Account for credit of maturity/Premature values, Monthly/Quarterly/Yearly interest in case of MIS/SCSS/TD accounts and investments from 01st December 2017

W.e.f 01.12.2017 as per SB order 15/2017

1.           On closure of any account either on maturity or on premature (other than SB account), the closure amount shall be paid only by credit into a SB Account from 01.12.2017
2.          Interest in respect of all MIS / SCSS and TD accounts shall also be paid only by credit into SB Account from 01.12.2017
3.  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 SB Account by that date, a BASIC SAVINGS ACCOUNT should be opened under this same ClF on the same day without asking for separate ACCOUNT OPENING FORM (AOF) by selecting SBBAS as scheme code and account should be closed and closure proceed should be credited to that SB account.
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