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PFRDA Salary and Allowances payable to, and other Terms and Conditions of Services of Chairperson and Whole Time Members Amendment Rules, 2023

PFRDA Salary and Allowances payable to, and other Terms and Conditions of Services of Chairperson and Whole Time Members Amendment Rules, 2023

MINISTRY OF FINANCE
(Department of Financial Services)
NOTIFICATION

New Delhi, the 22nd March, 2023

G.S.R. 209(E).—In exercise of the powers conferred by clause (a) of sub-section (2) of section 51, read with sub-section (3) of section 5 of the Pension Fund Regulatory and Development Authority Act, 2013 (23 of 2013), the Central Government hereby makes the following rules further to amend the Pension Fund Regulatory and Development Authority (Salary and Allowances Payable to, and Other Terms and Conditions of Service of, Chairperson and Whole-time Members) Amendment Rules, 2014, namely:-

1. (1) These rules may be called the Pension Fund Regulatory and Development Authority (Salary and Allowances Payable to, and Other Terms and Conditions of Service of, Chairperson and Whole-time Members) Amendment Rules, 2023.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Pension Fund Regulatory and Development Authority (Salary and Allowances Payable to, and Other Terms and Conditions of Service of, Chairperson and Whole-time Members) Rules, 2014, in rule 3,

(i) for sub rule (1), the following sub rule shall be substituted namely: –

“(1) The chairperson of the Pension Fund Regulatory and Development Authority and every whole-time member thereof shall be appointed by the Central Government on the recommendation of the Financial Sector Regulatory Appointment Search Committee.”,

(ii) in sub rule (2), for the words “Selection Committee”, the words “Financial Sector Regulatory Appointment Search Committee” shall be substituted.

[F. No. 11/5/2014-PR]
PANKAJ SHARMA, Jt. Secy.

Note: The principal rules were published in the Gazette of India, Extraordinary, vide notification number G.S.R. 597 (E) dated 20th August, 2014, subsequently amended vide notification numbers G.S.R. 987 (E) dated 2nd August, 2017, G.S.R. 07 (E) dated 2nd January, 2018 and G.S.R. 731 (E) dated 11th October, 2021.

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NVS released JNVST Class 6 2023 admit card, here’s how to download

NVS released JNVST Class 6 2023 admit card, here’s how to download

The JNVST released class 6 Admit Card 2023 today. Candidates who will appear for Jawahar Navodaya Vidyalaya Selection Test can download the admit card through the official site of NVS at navodaya.gov.in.

The tests for admission to Class-VI in JNVs for the academic session 2023-24 are scheduled to be held on 29 April 2023, at 11.30 A.M across the country at various exam centres.

To download the admit card, candidates can follow the steps given below.

JNVST Class 6 Admit Card 2023: How to download

  • Go to the official site of NVS at navodaya.gov.in
  • Click on JNVST Class 6 Admit Card 2023 link available on the home page. – Direct Link to Download Admit Card
  • A new page will open where the link for admit card will be available.
  • Click on the link and enter the required details.
  • Your admit card will be displayed on the screen.
  • Check the admit card and download the page.
  • Keep a hard copy of the same for further need.

The result of JNV Selection Test 2023 is expected to be announced by June 2023. Candidates can get the result from the admission portal. For more related details candidates can check the official site of NVS.

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Web-based application for processing of cases related to Compassionate appointment: Dept of Posts

Development of web-based application for processing of cases related to Compassionate appointment (CRC cases

No.17-12/2022-SPG-II
Government of India
Ministry of Communications
Department of Posts

Dak Bhawan, Sansad Marg
New Delhi – 110 001
Dated: 3rd April, 2023

To
All Chief Postmasters General.

Subject: Development of web-based application for processing of cases related to Compassionate appointment (CRC cases) – regarding.

Madam/Sir,

I am directed to refer to this office letter of even number dated 20.01.2023 on the above mentioned subject wherein it was informed that Department is in process of development of web-based application for processing and handling of CRC cases and it was instructed that CRC for vacancy year 2022 will not be processed in manual environment.

2. In order to onboard in online environment, all pending cases to be considered during year 2023 need to be migrated to online system. Therefore, it has been decided that manual application from dependent family members of deceased employees will not be received by any field unit w.e.f. 05.04.2023.

Also Read: Circulation of Government Savings Promotion General (Amendment) Rules, 2023: DOP Order

3. Necessary instructions related to migration of pending cases will be issued shortly. As such, Circles should ensure that all cases are got completed in all aspects and received in Circle Office at the earliest.

4. Further, in terms of instructions contained in aforesaid letter dated 20.01.2023, all Circles should ensure that CRC cases till vacancy year 2021 (to be considered during year 2022) has been completed in manual environment.

Yours faithfully

(Sunil Kumar)
Director (Staff)

Copy to: The GM, CEPT, Bengaluru — for uploading this letter on India Post website.

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Circulation of Government Savings Promotion General (Amendment) Rules, 2023: DOP Order

Circulation of Government Savings Promotion General (Amendment) Rules, 2023: DOP Order

SB Order No. 08/2023

F. No 113-03/2017-SB(Pt.1)
Government of India
Ministry of Communications
Department of Posts
(Financial Services Division)

Dak Bhawan, New Delhi -l10001
Dated: 03.04.2023

To
All Head of Circles/Regions

Subiect Regarding circulation of Government Savings Promotion General (Amendment) Rules, 2023.

Sir/Madam.

The undersigned is directed to convey the decision of the Ministry of Finance (DEA) for amendment of 6 (l) of Government Savings Promotion General Rules, 2018. The copy of gazette notification G.S.R.238(E) dated 31.03.2023 issued by MOF(DEA) is enclosed.

2. Accordingly, the text of rule 6(l) of Government Savings Promotion General Rules, 2018 shall be substituted as below: –

“(l) In addition to the documents mentioned in sub-rule (2) of rule 5, an individual shall also submit to the Accounts Office, the following identity documents containing proof of identity and address for the purpose of opening an account, namely: –

(a) the Aadhaar Number issued by the Unique Identification Authority of India:

Provided that :-

(a) where the Aadhaar Number has not been assigned to an individual. he shall furnish proof of application of enrollment for Aadhaar at the time of opening an account and the account holder shall furnish the Aadhaar number to the Account OIfice within a period of six months from the date of opening of account for linking the account with Aadhaar Number;

(b) if a depositor has already opened an account and has not submitted his Aadhaar number to the Account Office, he shall do so within a period of six months with effect from the 1st day of April, 2023, And in the event of failure of the depositor to submit the Aadhaar number within the specified period of six months, his account shall cease to be operational till the time he submits the Aadhaar Number to the Accounts Office;

(b) the permanent Account Number or Form 60 as defined in the Income Tax rules, 1962;

Provided that the individual who has not submitted the permanent Account Number at the time of opening of account shall submit the same to the Accounts office within a period of two months from the date of happening of any of the following events, whichever is the earliest, namely;-

(i) the balance at any point of time in the account exceeds fifty thousand rupees; or

(ii) the aggregate of all credits in the account in any financial year exceeds one lakh rupees; or

(iii) the aggregate of all withdrawals and transfers in a month from the account exceeds ten thousand rupees,

And in the event of the failure of the depositor to submit the Permanent Account Number within the specified period of two months, his account shall cease to be operational till the time he submits the Permanent Account Number to the Account Office;

(c) any other document as may be considered necessary by the Accounts Office including those related to the nature of business and financial status of the depositor.”

3. It is requested to circulate it to all concerned for information, guidance and necessary action. Same may also be placed on the notice board of all Post Offices in public area.

4. This is issued with the approval of the Competent Authority.

Yours Faithfully

(Devendra Sharma)
Assistant Director (SB-II)


18 THE GAZETTE OF INDIA: EXTRAORDINARY [PART II—SEC. 3(i)]

NOTIFICATION
New Delhi, the 31st March, 2023

G.S.R.238(E) — In exercise of the powers conferred by section 15 of the Government Savings Promotion Act, 1873 (5 of 1873), the Central Government hereby makes the following rules to amend the Government Savings Promotion General Rules, 2018, namely:-

1. These rules may be called the Government Savings Promotion General (Amendment) Rules, 2023.

(2) They shall come into force on the date of its publication in the Official Gazette.

2. In the Government Savings Promotion General Rules, 2018, in rule 6, for sub-rule (1), the following sub-rule shall be substituted, namely:-

“(1) In addition to the documents mentioned in sub-rule (2) of rule 5, an individual shall also submit to the Accounts Office, the following identity documents containing proof of identity and address for the purpose of opening an account, namely:-

(a) the Aadhaar Number issued by the Unique Identification Authority of India:

Provided that,-

(a) where the Aadhaar Number has not been assigned to an individual, he shall furnish proof of application of enrollment for Aadhaar at the time of opening an account and the account holder shall furnish the Aadhaar number to the Accounts Office within a period of six months from the date of opening of account for linking the account with Aadhaar Number;

(b) if a depositor has already opened an account and has not submitted his Aadhaar number to the Accounts Office, he shall do so within a period of six months with effect from the 1st day of April, 2023,

and in the event of failure of the depositor to submit the Aadhaar number within the specified period of six months, his account shall cease to be operational till the time he submits the Aadhaar Number to the Accounts Office;

(b) the Permanent Account Number or Form 60 as defined in the Income Tax Rules,1962:

Provided that the individual who has not submitted the Permanent Account Number at the time of opening an account shall submit the same to the Accounts Office within a period of two months from the date of happening of any of the following events, whichever is the earliest, namely:-

(i) the balance at any point of time in the account exceeds fifty thousand rupees; or

(ii) the aggregate of all credits in the account in any financial year exceeds one lakh rupees; or

(iii) the aggregate of all withdrawals and transfers in a month from the account exceeds ten thousand rupees,

and in the event of the failure of the depositor to submit the Permanent Account Number within the specified period of two months, his account shall cease to be operational till the time he submits the Permanent Account Number to the Accounts Office;

(c) any other document as may be considered necessary by the Accounts Office including those related to the nature of business and financial status of the depositor.”

[F. No. 1/3/2023-NS]
ASHISH VACHHANI, Addl. Secy.

Note: The principal notification was published in the Gazette of India, Extraordinary, Part II, section 3, sub-section
(i) vide notification number G.S.R.1003 (E), dated the 5th October, 2018.

Mahila Samman Savings Certificate Calculator

Mahila Samman Savings Certificate Calculator

Government of India introduced a new scheme “Mahila Samman Savings Certificate 2023”, this scheme can be opened for an individual girl or woman in whose name the account is held. On an application to the post office in the prescribed form, a Single Holder Type Account may be opened on or before 31.03.2025 by a woman for herself, or by the guardian on behalf of a minor girl.

MSSC Deposits

  • A minimum of one thousand rupees and any sum in multiples of one hundred rupees may be deposited in an account. Thereafter, no subsequent deposit shall be allowed in the account.
  • There shall be a maximum limit for deposit of Rs. Two lakh in an account or in all accounts under this scheme held by an account holder.
  • An individual may open any number of accounts in the scheme subject to the maximum limit for deposit Rs. 2 Lakh and a time gap of three months between the existing account and the opening of another account. For example, an account holder who opened an account on 05.04.2023 with an amount Rs. 50,000, can open another account on or after 05.07.2023 with balance amount Rs. 1.50 lakh or part thereof.

Also Read: Mahila Samman Savings Certificate 2023 introduction of new scheme: Circulation of Notification

Interest Rate for Mahila Samman Savings Certificate

  • The rate of interest applicable to the deposits under this scheme is 7.5 per cent per annum. The interest shall be compounded on quarterly basis and credited to the account.
  • Post Office Savings Account interest shall be payable on an account opened or maintained, in contravention of this scheme.

Payment on Maturity

The account shall mature on completion of two years from the date of the account opening. Eligible Balance may be paid to the account holder on an application in Form-2 submitted to the post office concerned on maturity.

Mahila Samman Saving Certificate Calculator

Calculate the estimated Maturity Value and Interest of a deposit made under the Mahila Samman Savings Certificate scheme (MSSC)

Download the MSSC Excel Calculator and find the maturity amount

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FinMin released Dearness Allowance Order to Central Government Employees effective from Jan 2023

FinMin released Dearness Allowance Order to Central Government Employees effective from Jan 2023

No.1/1/2023-E-II (B)
Government of India
Ministry of Finance
Department of Expenditure

North Block, New Delhi
Dated the 3rd April, 2023.

OFFICE MEMORANDUM

Subject: Revision of rates of Dearness Allowance to Central Government employees effective from 01.01.2023.

The undersigned is directed to refer to this Ministry’s Office Memorandum No. 1/3/2022-E-II(B) dated 3rd October, 2022 on the subject mentioned above and to say that the President is pleased to decide that the Dearness Allowance payable to Central Government employees shall be enhanced from the existing rate of 38% to 42% of the Basic Pay with effect from 1st January, 2023.

Also Read: Cabinet approves 4% DA Hike for Central Government employees from Jan 2023

2. The term ‘Basic Pay’ in the revised pay structure means the pay drawn in the prescribed Level in the Pay 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 FR 9(21).

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. These orders shall also apply to the civilian employees paid from the Defence Services Estimates and the expenditure will be chargeable to the relevant head of the Defence Services Estimates. In respect of Armed Forces personnel and Railway employees, separate orders will be issued by the Ministry of Defence and Ministry of Railways respectively.

Also Read: DA / DR  Orders

6. In so far as the persons serving in the Indian Audit and Accounts Department are concerned, these orders are issued in consultation with the Comptroller and Auditor General of India, as mandated under Article 148(5) of the Constitution of India.

(B. K. Manthan)
Deputy Secretary to the Government of India

To

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

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Revision of maximum limit for investment in National Savings (Monthly Income Account) Scheme, 2019

Revision of maximum limit for investment in National Savings (Monthly Income Account) Scheme, 2019

SB Order No. 07/2023

F. No 113-03/2017-SB(Pt.1)
Government of India
Ministry of Communications
Department of Posts
(Financial Services Division)

Dak Bhawan, New Delhi -110001
Dated: 31.03.2023

To

All Head of Circles/Regions

Subject: Revision of maximum limit for investment in National Savings (Monthly Income Account) Scheme, 2019

Sir/Madam,

The undersigned is directed to convey the decision of Ministry of Finance (DEA) for amendment of National Savings (Monthly Income Account) Scheme, 2019 through National Savings (Monthly Income Account) (Amendment) Scheme, 2023 and revision of maximum investment limit for investment in National Savings (Monthly Income Account) Scheme, 2019 from ₹ four lakh fifty thousand to ₹ nine lakh in single account and from ₹ nine lakh to ₹ fifteen lakh in Joint Account. The copy of gazette notification G.S.R.239(E) dated 31.03.2023 issued by MOF(DEA) is enclosed.

Also Read: Revision of maximum limit for investment in Senior Citizen Savings Scheme 2019

2. Accordingly, In the National Savings (Monthly Income Account) Scheme, 2019, in paragraph 4, in sub-paragraph (2), –

(a) for the words “rupees four lakh fifty thousand”, the words “nine lakhs” shall be substituted;

(b) for the words “nine lakhs”, the words “fifteen lakh” shall be substituted.

3. It is requested to circulate it to all concerned for information, guidance and necessary action. Same may also be placed on the notice board of all Post Offices in public area.

4. This is issued with the approval of the Competent Authority.

Yours Faithfully

(Devendra Sharma)
Assistant Director (SB-II)

NOTIFICATION
New Delhi, the 31st March, 2023

G.S.R.239(E)—In exercise of the powers conferred by section 3A of the Government Savings Promotion Act, 1873 (5 of 1873), the Central Government hereby makes the following Scheme to further amend the National Savings (Monthly Income Account) Scheme, 2019, namely:-

1. (1) This Scheme may be called the National Savings (Monthly Income Account) (Amendment) Scheme, 2023.

(2) It shall come into force on the date of its publication in the Official Gazette.

2. In the National Savings (Monthly Income Account) Scheme, 2019, in paragraph 4, in sub-paragraph (2), –

(a) for the words “rupees four lakh fifty thousand”, the words “nine lakhs” shall be substituted;

(b) for the words “nine lakhs”, the words “fifteen lakh” shall be substituted.

[F. No. 1/3/2023-NS]
ASHISH VACHHANI, Addl. Secy.

Note : The Principal Scheme was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G. S. R. 917(E), dated the 12th December, 2019 and subsequently amended vide number G.S.R.286(E) dated the 5th May, 2022, G.S.R. 839(E) dated the 22nd November, 2022 and G.S.R. 55(E) dated the 27th January, 2023.

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Dearness Allowance hike for Assam Government Employees from Jan 2023

Dearness Allowance hike for Assam Government Employees from Jan 2023

At a Cabinet meeting held on Friday evening, Assam government decided to increase the dearness allowance (DA) for government employees by 4 per cent effective from January 1, 2023.

State Health Minister Keshab Mahanta said, “We have decided to increase DA from the existing 38 per cent to 42 per cent for all employees of central or state cadre working under the Assam government. The pensioners will also benefit from this DA hike.”

The state government is infusing an additional Rs 79.57 crore per month for the enhanced dearness allowance, Mahanta said.

Also Read: Cabinet approves 4% DA Hike for Central Government employees from Jan 2023

“All employees will get the enhanced DA of three months on April 10 before the state gears up to celebrate Bihu festival,” he added.

Moreover, the state government has also decided to set up a 1,000 MW solar power plant at an estimated project cost of Rs 4,000 crore.

“This will generate 1,988 MU energy per year which will expedite the Centre’s Act East policy,” Mahanta said.

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Revision of maximum limit for investment in Senior Citizen Savings Scheme 2019

Revision of maximum limit for investment in Senior Citizen Savings Scheme 2019

SB Order No. 06/2023

F. No 113-03/2017-SB(Pt.1)
Government of India
Ministry of Communications
Department of Posts
(Financial Services Division)

Dak Bhawan, New Delhi -110001
Dated: 31.03.2023

To
All Head of Circles/Regions

Subject: Revision of maximum limit for investment in Senior Citizen Savings Scheme, 2019.

Sir/Madam,

The undersigned is directed to convey the decision of Ministry of Finance (DEA) for amendment of Senior Citizen Savings Scheme, 2019 through Senior Citizen Savings (Amendment) Scheme, 2023 and revision of maximum investment limit for investment in Senior Citizen Savings Scheme, 2019 from ₹ fifteen lakh to ₹ thirty lakh. The copy of gazette notification G.S.R.240(E) dated 31.03.2023 issued by MOF(DEA) is enclosed.

Also Read: Mahila Samman Savings Certificate 2023 introduction of new scheme: Circulation of Notification

2. Accordingly, In the Senior Citizens’ Savings Scheme (hereinafter referred to as the said Scheme), in paragraph 3, in subparagraph (7), for the words “fifteen lakhs”, the words “thirty lakh” shall be substituted.

3. It is requested to circulate it to all concerned for information, guidance and necessary action. Same may also be placed on the notice board of all Post Offices in public area.

4. This is issued with the approval of the Competent Authority.

Yours Faithfully

(Devendra Sharma)
Assistant Director (SB-II)

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Mahila Samman Savings Certificate 2023 introduction of new scheme: Circulation of Notification

Mahila Samman Savings Certificate 2023 introduction of new scheme: Circulation of Notification

SB Order No. 05/2023

F. No. FS-13/1/2023-FS-DOP
Government of India
Ministry of Communications
Department of Posts
(F.S. Division)

Dak Bhawan, New Delhi – 110001
Dated: 31.03.2023

To,
All Head of Circles / Regions

Subject: Introduction of new scheme, “Mahila Samman Savings Certificate, 2023” circulation of Notification regarding.

***

Sir/Madam,

The Ministry of Finance (DEA) has issued notification G.S.R. 237(E) dated 31.03.2023 in connection with introduction of new scheme ‘Mahila Samman Savings Certificate, 2023”. This scheme shall be governed by this notification. Copy of the notification is enclosed.

2. Mahila Samman Savings Certificates, 2023 (MSSC): – Salient Features

(a) Type of Account

(i) Account under this scheme can be opened for an individual girl or woman in whose name the account is held.

(ii) On an application to the post office in prescribed form, a Single Holder Type Account may be opened on or before 31.03.2025 by a woman for herself, or by the guardian on behalf of a minor girl.

(b) Deposits

(i) A minimum of one thousand rupees and any sum in multiples of one hundred rupees may be deposited in an account. Thereafter, no subsequent deposit shall be allowed in the account.

(ii) There shall be a maximum limit for deposit of Rs. Two lakh in an account or in all accounts under this scheme held by an account holder.

(iii) An individual may open any number of accounts in the scheme subject to the maximum limit for deposit Rs. 2 Lakh and a time gap of three months between the existing account and the opening of another account. For example, an account holder who opened an account on 05.04.2023 with an amount Rs. 50,000, can open another account on or after 05.07.2023 with balance amount Rs. 1.50 lakh or part thereof.

Also Read: Mahila Samman Savings Certificate Calculator

(c) Interest

(i) The rate of interest applicable to the deposits under this scheme is 7.5 per cent per annum. The interest shall be compounded on quarterly basis and credited to the account.

(ii) Post Office Savings Account interest shall be payable on an account opened or maintained, in contravention of this scheme.

(d) Withdrawal from account

(i) The account holder shall be eligible to withdraw for maximum up to 40 per cent of the eligible balance once after the expiry of one year from the date of opening of the account but before the maturity of the account by making application in prescribed form.

(ii) In case an account opened on behalf of a minor girl, the guardian may apply for the withdrawal for the benefit of the minor girl by submitting the following certificate to the post office namely: – “ Certified that the amount sought to be withdrawn is required for the use and welfare of Miss/Kumari …………………………………… who is a minor girl and is alive on
this …………….. day ……………. of …………(month) …………. (year).

(e) Payment on Maturity

The account shall mature on completion of two years from the date of the account opening. Eligible Balance may be paid to the account holder on an application in Form-2 submitted to the post office concerned on maturity.

(f) Premature closure of account

(i) Account shall not be closed before maturity except in the following cases, namely:-

(a) On the death of the account holder,

(b) Where the post office is satisfied, in cases of extreme compassionate grounds such as medical support in life-threatening diseases of the Account holder or death of the guardian, that the operation or continuation of the Account is causing undue hardship to the Account holder, it may, after complete documentation, by order and for reasons to be recorded in writing, allow premature closure of the Account.

Note: – In case of premature closure an application from the account holder/guardian shall be obtained alongwith certificate of treating doctor or death certificate of guardian shall be obtained.

(ii) Where an account is prematurely closed under conditions mentioned in para (f) (i) above., interest on principal amount at the rate applicable to the scheme for which the account has been held shall be payable.

(iii) Premature closure of an Account may be permitted, any time after the completion of six months from the date of opening of an account by submitting prescribed form, for any reason other than mentioned in para (f) (i) above, in such cases account shall be eligible only for the interest rate less by two per cent points than the rate specified for this scheme (viz. 5.5%).

3. The provisions of the Government Savings Promotion General Rules, 2018 shall, so far as may be, apply in relation to the matters for which no provision has been made in this Scheme.

4. For operation of this scheme in Finacle a “Standard Operating Procedure (SOP) has been prepared and enclosed as Annexure.

5. Various forms prescribed for the scheme in the notification should be used. However, till the receipt of Form-1 for opening of account, existing SB-AOF form for opening of account may be used and it shall be ensured that declaration prescribed in para 3(2) of SB_AOF in respect of details of existing Mahila Samman Savings Certificate, shall be obtained from the account holder. For withdrawal from the account form SB-7C, for premature closure of account form SB-7B and for maturity closure form SB-7A may be used.

Also Read: Small Savings Schemes Interest Rate from April 2023 to June 2023

6. This may be circulated to all the Offices for information and necessary actions. A wide publicity should be given to this scheme on various platforms/modes.

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

Encl: As above.

Yours faithfully
(DEVENDRA SHARMA)
Asst. Director (SB-II)

What is the interest rate for Mahila Samman Savings Certificate 2023?

The interest rate for Mahila Samman Savings Certificate 2023 7.5 per cent per annum

What is the minimum amount to be deposited for Mahila Samman Savings Certificate 2023?

The minimum of one thousand rupees and any sum in multiples of one hundred rupees may be deposited in an account for Mahila Samman Savings Certificate 2023

What is the maturity period for Mahila Samman Savings Certificate?

The account shall mature on completion of two years from the date of the account opening. Eligible Balance may be paid to the account holder on an application in Form-2 submitted to the post office concerned on maturity

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