Post Office National Savings Schemes
F. No. FS-16/24/ 2020 -FS- Part(1)
Government of India
Ministry of Communications
Department of Posts
(Financial Services Division)
Dak Bhawan,
New Delhi -110001
Dated: 18/07/2022
To,
All Head of Circles/Regions.
Subject: Regarding sensitizing investors about National Savings Schemes.
Sir/Madam,
It has observed that many POSB account holders are not fully aware about safety of their accounts/ investments, facilities available in National Savings Schemes or rules applicable in National Savings Schemes. This leads to misuse of their investments/ accounts by some miscreants/ fraudsters or non-availing of various facilities.
2. Keeping in view the safety of depositors’ hard-earned money and spreading awareness amongst the investors, detailed safety guidelines for investors of National Savings Schemes have been prepared. The same is enclosed in English and Hindi for reference. Circles may add more instructions in view of local conditions.
3. It is requested to circulate these instructions to all post offices and the same may be placed on Notice Board/counters as well. Circles may also translate these instructions in regional language wherever applicable.
4, This is issued with the approval of the Competent Authority.
Yours Faithfully
Enclosed: As above
Sd/-
(Devendra Sharma)
Assistant Director (SB-II)
DOWNLOAD SAFETY GUIDELINES FOR INVESTORS OF NATIONAL SAVINGS SCHEMES PDF
SAFETY GUIDELINES FOR INVESTORS OF NATIONAL SAVINGS SCHEMES
- To know details and interest rates of National (Small) Savings Schemes kindly visit https://www.indiapost.gov.in/
- An account for any of the National (Small) Savings Schemes can be opened by Indian resident by himself/herself by visiting the Post Office in person along-with KYC documents (PAN card and identity proof such as Aadhaar or address proof).
- Mobile number, PAN number or Form-60/61 and Nomination are mandatory for opening of new account and in all existing account. If these are not updated in your account/CIF, kindly get these updated through post office concerned immediately.
- ATM Card/Cheque Book/Aadhaar Seeding/e-banking/m-banking facilities are available for PO Savings Account, can be availed by submitting prescribed form at post office concerned. Through e-banking, account holder can deposit online in SB/RD/PPF/ SSA schemes and open and close RD/TD account online. For more details kindly read FAQ available at https://ebanking.indiapost.gov.in
- Depositor can also credit amount in SB, PPF and SSA accounts from their Account in any other bank or PO Savings Account to other bank Bank Account using NEFT/RTGS services of POSB. IFSC code of POSB is IPOS0000DOP.
- Depositors can avail auto credit facility to get TD/MIS/SCSS interest directly into their Bank account by submitting mandate form along with copy of first page of bank passbook or cancelled cheque.
- Depositors can avail auto credit facility to get TD/MIS/SCSS interest directly into their PO Savings Account or auto credit RD deposit from PO Savings Account by submitting form (SB-83) at post office concerned.
- Depositors can get maturity value of accounts/certificates in their Bank Account by submitting copy of first page of passbook or cancelled cheque along-with account closure form
- After receipt of passbook, depositor can check balance of his/her account using ‘Interactive Voice Response (IVR)’ facility by calling through the registered mobile number at Indiapost toll-free number 18002666868.
- Blocking of ATM card facility can also be availed through toll free number 18002666868.
- SMS is sent to registered mobile number of account holder. Kindly check whether SMS is received for accounts opened and for every transaction. Present limit for SMS issuance on transactions initiated at counter is ₹ 1000 and above for debit(withdrawal) transactions and ₹ 2000 and above for Credit (Deposit) transactions.
- In case of any suspicious transaction SMS/Alert is received, kindly contact concerned Post Office/Divisional Office immediately.
- Keep passbook/cheque/ATM in personal safe custody. In case of any misuse by using account holder’s passbook/cheque/ATM/ signed withdrawal form the responsibility vests with the depositor.
Post Office Savings Schemes
- Post Office Savings Account (SB)
- National Savings Recurring Deposit Account (RD)
- National Savings Time Deposit Account (TD)
- National Savings Monthly Income Account (MIS)
- Senior Citizens Savings Scheme Account (SCSS)
- Public Provident Fund Account (PPF )
- Sukanya Samriddhi Account (SSA)
- National Savings Certificates (VIIIth Issue) (NSC)
- Kisan Vikas Patra (KVP)
- PM CARES for Children Scheme, 2021
- Interest rates (New)
- How to avail services
- Schedule of Fee
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