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Facility of Systematic Lump sum Withdrawal (SLW) for NPS Subscribers

Facility of Systematic Lump sum Withdrawal (SLW) for NPS Subscribers

पेंशन निधि विनियामक एव विकास प्राधिकरण
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY

Circular

Circular no: PFRDA/2023/30/SUP-CRA/10

27th Oct, 2023

To
All NPS Stake Holders

Subject: Facility of Systematic Lump sum Withdrawal (SLW) for NPS Subscribers

As per the existing exit guidelines, the subscribers post 60 years/superannuation can defer availing of annuity & withdrawing the lump sum on any combination till 75 years of age. The lump sum amount can be withdrawn in a single tranche or it can be withdrawn on an annual basis. If withdrawn annually, the Subscriber has to initiate the withdrawal request each time and authorized.

2. In accordance with Regulation 3 and Regulation 4 of PFRDA (Exits and Withdrawals under the NPS) Regulations, 2015 and amendments therein, it is proposed to provide the option of phased withdrawal of the lump sum through Systematic Lump Sum Withdrawal (SLW) facility. The subscribers are allowed to withdraw up to 60% of their pension corpus, through the SLW on a periodical basis viz. monthly, quarterly, half-yearly or annually for a period till 75 years of age as per the choice at the time of their normal exit.

3. All Nodal offices, Points of Presence, NPST and Corporate can disseminate the information about SLW for the associated Subscribers who superannuate or reaching the age of 60 years and plan to exit from NPS. Central Record Keeping Agencies (CRAs) can publish FAQs and release educational podcasts on SLW, highlighting its benefits and explaining the process of initiating SLW on their websites and social media platforms.

This circular is issued in exercise of powers conferred under section 14 (1) of The Pension Fund Regulatory & Development Authority Act, 2013.

Digitally signed by
K MOHAN GANDHI
Chief General Manager

Source: PFRDA

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5th CPC DA from July 2023 to the Central Govt Employees and Central Autonomous Bodies: FINMIN Order

5th CPC DA from July 2023 to the Central Govt Employees and Central Autonomous Bodies: FINMIN Order

No. 1/3(2)/2008-E.II(B)
Government of India
Ministry of Finance
Department of Expenditure

North Block, New Delhi
Dated the 6th November, 2023

OFFICE MEMORANDUM

Subject: Revision of rates of Dearness Allowance to the employees of Central Government and Central Autonomous Bodies continuing to draw their pay in the pay scale as per 5th Central Pay Commission

The undersigned is directed to refer to this Department’s O.M. No. 1/3(2)/2008-E.II(B) dated 12th June, 2023 on the subject mentioned above and to say that the rate of Dearness Allowance (DA) in respect of employees of Central Government and Central Autonomous Bodies, who are continuing to draw their pay in the pre-revised pay scale as per 5th Central Pay Commission, shall be enhanced from the existing rate of 412% to 427% of Basic Pay w.e.f. 01 07.2023.

Also Read: DA from July 2023 : Finmin Order

2. The provisions contained in paras 3, 4 and 5 of this Ministry’s O.M.No.1(13)/97-E.II(B) dated 3rd October, 1997 shall continue to be applicable while regulating Dearness Allowance under these orders.

3. The contents of this Office Memorandum may also be brought to the notice of all organisations under the administrative control of the Ministries/Departments which have adopted the Central Government scales of pay.

(Dr. Vivek Dwivedi)
Under Secretary to the Government of India

To
All Ministries/Departments of the Govt. of India (as per standard distribution list)
Copy to: C&AG, UPSC, etc.(as per standard endorsement list).

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Dearness Allowance to Gramin Dak Sevaks (GDS) from July 2023

Dearness Allowance to Gramin Dak Sevaks (GDS) from July 2023

F.N. PP-14/1/2021-PAP
Government of India
Ministry of Communication
Department of Posts
(Establishment Division)/P.A.P. Section
*****

Dak Bhawan, Sansad Marg,
New Delhi — 110 001.
Dated: 1st November, 2023.

To,

  1. All Chief Postmasters General/ Postmasters General
  2. Chief General Manager, BD Dte/Parcel Dte/ PLI Directorate
  3. Director RAKNPA/ GM CEPT/ Directors of All PTCs,
  4. Addl. Director General, Army Postal Service, R.K. Puram, New Delhi
  5. All General Managers (Finance)/ DAP/ DDAP

Sub: Payment of Dearness Allowance to Gramin Dak Sevaks (GDS) effective from 01.07.2023 onwards – reg.

Consequent upon grant of another installment of Dearness Allowance with effect from 1st July, 2023 to the Central Government Employees vide Government of India, Ministry of Finance, Department of Expenditure’s O.M. No.1/4/2023-E-II (B) dated 20.10.2023, duly endorsed vide this Department’s letters No. PP-8/2/2021-PAP dated 23.10.2023, the Gramin Dak Sevaks (GDS) have also become entitled to the payment of Dearness Allowances on basic TRCA at the same rates as applicable to Central Government Employees with effect from 01.07.2023. It has, therefore, been decided that the Dearness Allowance payable to the Gramin Dak Sevaks shall be at the same rates as payable to Central Government Employees, i.e., @ 46% (percent) with effect from the 1st July, 2023.

2. The expenditure on this account shall be debited to the Head “Salaries” under the relevant head of account and should be met from the sanctioned grant.

3. This issues with the concurrence of Integrated Finance Wing vide their Diary No. 109/ 2023-24/FA-CS(P) dated 01.11.2023

(Ravi Pahwa)
Assistant Director General (GDS/PCC/PAP)

Encl.: As above.

Copy to:

  1. PPS to Secretary (Posts)/ PS to Director General Postal Services.
  2. Addl. DG (Co-ordination)/ Member (P)/ Member (O)/Member (PLI)/ Member (Banking)/ Member (Tech)/ Member (Plg& HRD)
  3. AS & FA
  4. Sr. DDG (Vig) & CVO/ Sr. DDG (PAF)/ Director General P&T (Audit)
  5. Secretary, Postal Services Board
  6. Chief Engineer (Civil) Postal Directorate
  7. All Sections of Postal Directorate
  8. GM, CEPT for uploading the order on the India Post website
  9. Guard File/Spare Copies.

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DA for Bank Employees from November 2023 to January 2024 – IBA ORDER

DA for Bank Employees from November 2023 to January 2024 – IBA ORDER

Indian Banks’ Association

HR & Industrial Relations

HR&IR/MBR/76/D/2023-24/0608
November 1, 2023

All Members of the Association
(Designated Officers)

Dear Sir/ Madam,

Dearness Allowance for Workmen and Officer Employees in banks for the months of November, December 2023 and January 2024 under XI BPS/ 8th Joint Note dated 11.11.2020

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended September 2023 are as follows:-

July 2023 9183.68
August 2023 9150.81
September 2023 9039.06

The average CPI of the above is 9124 and accordingly the number of DA slabs are 693 (9124- 6352= 2772/4= 693 Slabs). The last quarterly Payment of DA was at 632 Slabs. Hence, there is an increase in DA slabs of ‘61’ i.e. 693 Slabs for payment of DA for the months November, December 2023 and January, 2024.

In terms of clause 7 of the 11th Bipartite Settlement dated 11.11.2020 and clause 3 of the Joint Note dated 11.11.2020, the rate of Dearness Allowance payable to Workmen and Officer employees for the months of November, December 2023 and January, 2024 shall be 48.51% of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,

Brajeshwar Sharma
Senior Advisor (HR&IR)

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AICPIN for Sep 2023: Expected DA from Jan 2024

AICPIN for Sep 2023: Expected DA from Jan 2024

Consumer Price Index for Industrial Workers (2016=100) – September, 2023

The Labour Bureau, an attached office of the M/o Labour & Employment, has been compiling Consumer Price Index for Industrial Workers every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country. The index is compiled for 88 centres and All-India and is released on the last working day of succeeding month. The index for the month of September, 2023 is being released in this press release.

The All-India CPI-IW for September, 2023 decreased by 1.7 points and stood at 137.5 (one hundred thirty seven point five). On 1-month percentage change, it decreased by 1.22 per cent with respect to previous month compared to increase of 0.84 per cent recorded between corresponding months a year ago.


Also Check

DA Calculator from July 2023

DA Calculation Sheet


The maximum downward pressure in current index came from Food & Beverages group contributing 1.10 percentage points to the total change. At item level, Fish Fresh, Cotton Seed Oil, Mustard Oil, Apple, Orange, Bitter Gourd, Brinjal, Cabbage, Carrot, Chillies Green, Ginger, Lady’s Finger, Tomato, Capsicum, Gourd, Radish, Cooking Gas, etc. are responsible for the fall in index. However, this decrease was checked by Rice, Wheat, Wheat Atta, Arhar Dal, Chana Dal, Dairy Milk, Poultry/Chicken, Eggs-hen, Banana, Grapes, Cauliflower, Garlic, Onion, Cumin Seed/Jira, Cooked Meals, Electricity Domestic, Kerosene Oil, Cigarettes, Pan Masala, School Uniform (Boys/Girls), Books School/ITI, Tuition and other Fees-College and School/ITI, etc. putting upward pressure on the index.

At centre level, Salem recorded a maximum decrease of 6.7 points followed by Udham Singh Nagar and Jalandhar with 5.8 and 5.4 points respectively. Among others, 5 centres recorded decrease between 4 to 4.9 points, 5 centres between 3 to 3.9 points, 19 centres between 2 to 2.9 points, 30 centres between 1 to 1.9 points and 13 centres between 0.1 to 0.9 points. On the contrary, Jalpaiguri recorded a maximum increase of 1.9 points followed by Chikmagalur and Jammu & Kashmir with 1.2 and 1.1 points respectively. Among others, 9 centres recorded increase between 0.1 to 0.9 points and 1 centre index remained stationary.

Year-on-year inflation for the month stood at 4.72 per cent compared to 6.91 per cent for the previous month and 6.49 per cent during the corresponding month a year before. Similarly, Food inflation stood at 6.52 per cent against 10.06 per cent of the previous month and 7.76 per cent during the corresponding month a year ago.

Y-o-Y Inflation based on CPI-IW (Food and General)

All-India Group-wise CPI-IW for August2023 and September2023

Sr. No.Groups    August, 2023September, 2023
IFood & Beverages143.3140.5
IIPan, Supari, Tobacco & Intoxicants156.6156.8
IIIClothing & Footwear138.4139.4
IVHousing125.7125.7
VFuel & Light179.3161.8
VIMiscellaneous133.7134.7
 General Index139.2137.5

CPI-IW: Groups Indices

The next issue of CPI-IW for the month of October, 2023 will be released on Thursday, 30th November, 2023. The same will also be available on the office website www.labourbureau.gov.in.

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DA from July 2023 to the CDA pattern employees of CPSEs, drawing pays in 7th CPC pay scales

DA from July 2023 to the CDA pattern employees of CPSEs, drawing pays in 7th CPC pay scales

F. No. W-02/0038/2017-DPE (WC)-GL-XXII/2023
Government of India
Ministry of Finance
Department of Public Enterprises

Public Enterprises Bhawan,
Block 14, CGO Complex, Lodi Road,
New Delhi-110003,
Date: the 26th October, 2023

OFFICE MEMORANDUM

Subject: – Payment of DA to the CDA pattern employees of CPSEs, drawing pays in 7th CPC pay scales.

The undersigned is directed to refer to Para No. 3 and Annexure-II(a) and II(b) to this Department’s O.M. No. W-02/0058/2016-DPE(WC) dated 17.08.2017 wherein the rates of DA payable to the employees who are following CDA pattern pay scales have been indicated.

2. The DA payable to the employees may be enhanced from the existing rate of 42% to 46% with effect from 01.07.2023.

Also Read: DA from July 2023 : Finmin Order

3. The payment of Dearness Allowance involving fractions of 50 paise and above may be rounded off to the next higher rupee and the fractions of less than 50 paise may be ignored.

4. These rates are applicable in the case of CDA employees whose pay have been revised with effect from 01.01.2016 as per DPE’s O.M. dated 17.08.20 1 7.

5. All administrative Ministries/ Departments of Government of India are requested to bring this to the notice of Central Public Sector Enterprises under their administrative control for action at their end.

6. This issues with the approval of the Competent Authority.

(Naresh Kumar)
Under Secretary

To

All administrative Ministries/Departments of the Government of India.

Copy to:

1. The Chief Executives of Central Public Sector Enterprises.
2. The Comptroller & Auditor General of India, 9 Dean Dayal Upadhayay Marg, New Delhi.
3. Financial Advisers in the Administrative Ministries.
4. Department of Expenditure, HAI Branch, North Block, New Delhi.
5. NIC, DPE with a request to upload this OM on the DPE website.

(Naresh Kumar)
Under Secretary

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Grant of Non Productivity Linked Bonus to Armed Forces personnel for 2022-23

Grant of Non Productivity Linked Bonus to Armed Forces personnel for 2022-23

Ministry of Defence
Department of Military Affairs
D(Pay/Services)

Subject: Grant of Non Productivity Linked Bonus (ad-hoc bonus) to the Central Government Employees for the financial year 2022-23.

A copy of Ministry of Finance (Department of Expenditure) O.M. No.7/24/2007/E IlI(A) dated 17th October 2023 on the above subject is forwarded herewith for information and necessary action in so far as Armed Forces personnel are concerned.

2. It is hereby clarified that JCO/ORs in the Army and equivalent ranks in the Navy and Air Force will be eligible for the ad-hoc bonus for the financial year 2022-23 in terms of the Ministry of Finance OM referred to in para 1 above, subject to the availability of requisite funds in the sanctioned budget provisions of Defence Services for the current financial year.

3, The payment is to be effected by 10.11.2023.

4. This issues with the concurrence of Finance Division of this Ministry vide their ID Note No. 244/AG/PD/2023 dated 23.10.2023 of RF No. 21(1)/2014-AG/PD.

(T Johnson)
Gp Capt
Director (Pay/Services)

Army Headquarters/Dir PS-3
Naval Headquarters/DPA
Air Headquarters/Dte of Accounts (PA&R)


MoD ID No. 30(3)/2021/D(Pay/Services) dated 23.10.2023

Copy to:

CGDA, New Delhi AFCAO, Subroto Park, ND-10
DGA(DS), New Delhi Def (Finance)/(AG/PD)
D (Civ-1)
CDA(Q), Pune PCDA(P), Allahabad
PCDA (Western Command), Chandigarh CDA, Bengaluru
PCDA (Northern Command), Jammu CDA, Chennai
PCDA (Central Command), Lucknow CDA, Guwahati
PCDA (Southern Command), Pune CDA, Jabalpur
CDA (Eastern Command), Kolkata CDA, (Army), Meerut Cantt
CDA (IT & SDC), Secunderabad CDA, Patna
PCDA (HQ), New Delhi CDA(AF), RK Puram, N Delhi
Dy CDA(AF), Subroto Park, New Delhi PCDA(Navy), Mumbai

Director of Accounts( Postal), APS Accounts Section, Nagpur
Secretary, Staff Side, NC (JCM), 13-C, Ferozeshah Road, Delhi
D(IT) : for uploading the same on MoD’s website.
Reference/Guard folder

DA Order from July 2023 to Armed Forces Officers and PBOR including NCs(E)

DA Order from July 2023 to Armed Forces Officers and PBOR including NCs(E)

No. 1(6)/2021/D( Pay/Services)
Ministry of Defence
Department of Military Affairs
D(Pay / Services)

New Delhi, the 23 Oct, 2023

To
The Chief of the Army Staff
The Chief of Naval Staff
The Chief of the Air Staff

$ubject: Payment of Dearness Allowance to Armed Forces Officers and Personnel Below Officer Rank including NCs(E) — Revised rates effective from 01.07.2023.

Sir,

1 am directed to refer to this Ministry’s letter No., 1(6)/2021- D(Pay/Services) dated 10 Apr 2023, on the subject cited above and to say that the President is pleased to decide that the Dearness Allowance payable to Armed Forces Officers and Personnel Below Officer Rank, including Non-Combatants (Enrolled), shall be enhanced from the existing rate of 42% to 46% with effect from 01.07.2023.

Also Read:DA from July 2023 : Finmin Order

2. The term ‘basic pay in the revised pay structure means the pay drawn in the prescribed Level in the Pale Matrix as per 7th CPC recommendations accepted by the Government, but does not include any other type of pay like special pay, etc.

3. The Dearness Allowance will continue to be a distinct element of remuneration and will not be treated as pay within the ambit of Pay rules of Defence Force Personnel

4. The payment on account of Dearness Allowance involving fractions of 50 paise and above may be rounded to the next higher rupee and the fractions of less than 50 paise may be ignored.

5. This letter issues with the concurrence of Finance Division of this Ministry vide their Dy. No. 245/A G/ PD/ 2023 dated 23.10.2023 of RF No-2(2)/2021-AG/PD based on Ministry of Finance (Department of Expenditure) 0.M No.1/4/2023-E-II(B), dated 20th Oct 2023

Yours faithfully,

(T.Johnson)
Gp Capt
Director (Pay/Services)

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Paid Holiday on General Election to the Legislative Assemblies of Chhattisgarh, Madhya Pradesh, Mizoram, Rajasthan and Telangana, 2023 and Bye-Election to 43-Tapi (ST) Assembly Constituency of Nagaland, 2023

Paid Holiday on General Election to the Legislative Assemblies of Chhattisgarh, Madhya Pradesh, Mizoram, Rajasthan and Telangana, 2023 and Bye-Election to 43-Tapi (ST) Assembly Constituency of Nagaland, 2023

F. No. 12/1/2022-JCA
Government of India
Ministry of Personnel, Public Grievances and Pensions
(Department of Personnel & Training)
Establishment (JCA) Section

North Block, New Delhi
Dated: 23 October, 2023

OFFICE MEMORANDUM

Subject: General Election to the Legislative Assemblies of Chhattisgarh, Madhya Pradesh, Mizoram, Rajasthan and Telangana, 2023 and Bye —Election to 43-Tapi (ST) Assembly Constituency of Nagaland, 2023 – Paid holiday – regarding

The undersigned is directed to state that as informed by the Election Commission of India, vide their letter no. 78/EPS/2023/2000 dated 10.10.2023 and letter no. 78/EPS/2023/2016 dated 11.10.2023, General Election to the Legislative Assemblies of Chhattisgarh, Madhya Pradesh, Mizoram, Rajasthan and Telangana, 2023 and Bye-election to Bye-Elections to 43-Tapi(ST) Assembly Constituency of Nagaland, 2023 are scheduled to be held as under:-

A. Schedule for General Elections to the Legislative Assemblies:

S.No. Phase Assembly Constituencies Date of Poll Day
1. Chhattisgarh (Phase 1) 20 (ACs) 7.11.2023 Tuesday
2. Chhattisgarh (Phase II) 70(ACs) 17.11.2023 Friday
3. Mizoram 40 (Acs) 7.11.2023 Tuesday
4. Madhya Pradesh 230 (ACs) 17.11.2023 Friday
5. Rajasthan 200(ACs) 25.11.2023 Saturday
6. Telangana 119 (ACs) 30.11.2023 Thursday

B. Schedule for Bye- Elections to the Legislative Assembly of 43Tapi (ST):

S.No. Phase Assembly Constituencies Date of Poll Day
1. Nagaland 43-Tapi (ST) 7.11.2023 Tuesday

2 Section 135B of the Representation of the People Act, 1951 provides for grant of paid holiday on the day of poll to the employees who are entitled to vote at the election concerned. In this connection, the Department of Personnel and Training has standing guidelines issued vide OM No. 12/14/99-JCA dated 10.10.2001 regarding closure of Government Offices and grant of paid holiday during election. A copy of these guidelines is enclosed. It is directed that these guidelines may be complied with and necessary action taken accordingly.

3. The above instructions may be brought to the notice of all concerned.

4. Hindi version will follow.

Encl: As above.

(Parveen Jargar)
Deputy Secretary to the Government of India


To

1. All Ministries / Departments of Government of India.

2 UPSC/CVC/C&AG/Lok Sabha Secretariat/Rajya Sabha Secretariat/ President’s Secretariat /Vice President’s Secretariat/PM’s Office/Supreme Court/High Court of Chhattisgarh /High Court of Mizoram/High Court of Madhya Pradesh/High Court of Rajasthan/High Court of Telangana/ High
Court of Nagaland

3. All attached and subordinate offices of Ministry of Personnel, P.G. & Pensions/MHA

4. Secretary, Staff Side, National Council (JCM), 13-C, Ferozeshah Road, New Delhi

5. Chairmen/Secretaries, Central Government Employees Welfare Coordination Committee, in the State of Chhattisgarh, Mizoram, Madhya Pradesh, Rajasthan, Telangana and Nagaland

6. National Commission for Scheduled Castes/National Commission for Scheduled Tribes/ National Commission for Backward Classes

7. The Chief Secretaries of the State Government Chhattisgarh, Mizoram, Madhya Pradesh, Rajasthan, Telangana and Nagaland

8. The Election Commission of India, New Delhi – w.r.t. letter No.78/EPS/2023/2000 dated 10.10.2023 and 78/EPS/2023/2016 dated 11.10.2023

9.Hindi Section, DoPT- with the request to provide the Hindi Translation

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Introduction of opening of Monthly Income Scheme (MIS) Account, Senior Citizens Savings Scheme (SCSS) Account and Mahila Samman Savings Certificate (MSSC) through DOP Internet Banking

Introduction of opening of Monthly Income Scheme (MIS) Account, Senior Citizens Savings Scheme (SCSS) Account and Mahila Samman Savings Certificate (MSSC) through DOP Internet Banking

SB Order No.20/2023

NoFS-13/7/2020-FS
Government of India
Ministry of Communications
Department of Posts
(F.S Division)

Dak Bhawan, New Delhi – 110001
Dated: 26.10.2023

To
AII Head of Circles / Regions

Subject: Introduction of opening of Monthly Income Scheme (MIS) Account, Senior Citizens Savings Scheme (SCSS) Account and Mahila Samman Savings Certificate (MSSC) through DOP Internet Banking – Regarding

Madam / Sir,

To facilitate more digital transaction facilities to customers of Post Office Savings Bank (POSB), opening of MIS, SCSS and MSSC scheme accounts has been introduced in DOP Internet Banking w.e.f20.10.2023.

2The option for opening of MIS, SCSS and MSSC schemes accounts is available under the ‘General Services’ tab of DOP Internet Banking of Post Office Savings Account Customers. The following procedure may be followed by the Internet Banking users for opening of account: –

After Login into DOP Internet Banking by Post Office Savings Account Customer:

  • Click on ‘General Services’ Tab
  • Click on ‘Service Requests’
  • Select ‘New Requests’ & Click on’Ok’
  • Click on ‘MIS Accounts – Open a MIS Account’ or’MSSC Accounts – Open a MSSC Account’ or’SCSS Accounts – Open a SCSS Account’
  • Enter the Deposit Amount (Amount should be as prescribed in the scheme rules)
  • Select the Debit Account (linked PO Saving Account)
  • Enter the ‘Transaction Remarks’ if necessary
  • Select the check box to agree to terms and conditions (Conditions may be read by clicking on the link ‘Click here’
  • Click on ‘Submit online’
  • Enter the ‘Remark’ if additional detail is required.
  • Enter the ‘Transaction Password’
  • Click on ‘Submit’ (Account will be opened if all the conditions are fulfilled)
  • View/Download Deposit Receipt

Note (i)The account opened will be available in Accounts summary after a gap of few minutes and after re-login in Internet Banking.

(ii)Single account type can only be opened Account will be opened in the name of DOP Internet Banking user and nominee(s) available in linked Savings Account will be registered as nominee for the newly opened MIS/SCSS/MSSC account.

(iii)SCSS account can be opened only by the depositors whose age is 60 or above. Persons who are eligible to open SCSS account below 60 years of age have to visit the post offices for opening the SCSS account.

3.Closure of MIS/SCSS/MSSC scheme accounts through Internet Banking will be introduced shortly.

4. Accordingly, now DOP Internet Banking users can open all schemes’ accounts online except Post Office Savings Account (POSA) and Sukanya Samriddhi Account (SSA) and close the following schemes’ accounts.

Monthly Income Scheme

5. It is requested to circulate these instructions to all post offices for information and guidance Adequate information of this functionality may be disseminated for the benefit of POSB customers. Further, post offices may be instructed to promote
activation of Internet Banking & Mobile Banking to Post Office Savings Account Holders.

6. This is issued with the approval of competent authority.

Yours faithfully

(T.C. VIJAYAN)
Asst . Director (SB-I)

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