All India Association of Postmasters & Supervisors

FAQ on Cash Receipt of Rs.2 Lakh or More w.e.f 01.04.2017 Under Section 269ST 

Press Information Bureau  Government of India Ministry of Finance 20-June-2016 17:11 IST Quarterly Revision of Interest Rates for Small Savings Schemes  On the basis of the decision of the Government, interest rates for small savings schemes are to be notified on quarterly basis. Accordingly, the rates of interest on various small savings schemes for the second quarter i.e. 01.07.2016 to 30.09.2016 of financial year 2016-17, on the basis of the interest compounding/payment built-in in the schemes, shall be as under: Instrument Rate of interest w.e.f. 01.04.2016 to 30.6.2016 Rate of interest w.e.f. 01.07.2016 to 30.9.2016 Compounding frequency Savings Deposit 4.0 4.0 Annual 1 Year Time Deposit 7.1 7.1 Quarterly 2 Year Time Deposit 7.2 7.2 Quarterly 3 Year Time Deposit 7.4 7.4 Quarterly 5 Year Time Deposit 7.9 7.9 Quarterly 5 Year Recurring Deposit 7.4 7.4 Quarterly 5 Year Senior Citizens Savings Scheme 8.6 8.6 Quarterly and paid 5 year Monthly Income A...

PRACTICE OF SPLITTING OF ONE HIGHER DENOMINATION ACCOUNT INTO MULTIPLE LOWER DENOMINATION ACCOUNTS IN POST OFFICES

INITIATIVES TO BE TAKEN PROMOTING POSB SCHEMES

Actual Rate of remuneration per SB and Savings Certificate transaction decided by Ministry of Finance

SETTING UP OF A COMMITTEE TO EXAMINE UNCLAIMED AMOUNTS IN PPF, POSB SCHEMES CLICK HERE