e.F.No. FS-14/3/2020-FS
Government of India
Ministry of Communications
Department of Posts
(FS Division)

Dak Bhawan, New Delhi
Dated :- 07.10.2020

To,
All Head of Circles/ Regions.

Subject: Regarding change of procedure for generation of LOTs /Consolidation Journal and handling of vouchers for National (Small) Savings Schemes in CBS Post Offices from 10.10.2020

Sir/Madam,

The existing process for generation of Scheme wise List of Transactions (LOTs) and Scheme- wise Consolidation Journals by CBS Post Offices and further processing by SBCO has been reviewed at Directorate level and after detailed examination the competent authority has accordingly decided to implement a common List of Transaction (LOT) and a common Consolidation Journals for all Small Savings Schemes in CBS Post Offices. This will enable savings of paper, less report generation, speed up the process and ease of operation.

2. From 10.10.2020 the following procedure will be followed for generation of List of Transactions (LOTs) and Consolidation Journals, handling of vouchers for National (Small) Savings Schemes by CBS Post Offices, SBCO.

Note: In common List of Transaction the following changes have been made:

• SI Entries (Automatic transfer from SB to RD, MIS/TD/SCSS to SB) will not be included in common List of Transaction as these are system generated transactions. However SI failure report will be shared by CEPT with respective CPCs for further necessary action on daily basis.
• A single entry for each MPKBY Agents LOT is included, and if required, the detailed transaction can be viewed through agent reports using HFINRPT menu.
• Transaction will be reflected as per time of creation of Transaction ID in each Post Office (SOL).
• Other channel transactions will not be included in common List of Transaction (i.e. ATM, internet banking & mobile banking) as these are being handled through nodal office/GL integration.

Part A : Process to be followed by Post Offices (HOs/SQs).

• After each and every transaction, counter PA will shall write Name of Scheme and TRAN ID in red ink on the right hand side of the voucher.
• Consolidated list of commission paid as well as list of TDS deducted and should be sent to account branch of HO for preparation of schedule and Income Tax Return.
• One withdrawal form will be prepared by counter clerk duly verified by HO DPM/APM for the POSB cheque Inward clearing amount intimated by cheque clearing branch. Printout of Inward clearing cheque images should be attached with the withdrawal Form. APM will verify the Inward cheque clearing amount with cheque clearing branch. DPM/APM (SB)/PM will tally inward clearing amount shown with total debit clearing amount in “Long Book Detailed report – BRN”.

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F.No.1/4/2019-NS
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)

North Block, New Delhi
Dated: 31.03.2020

OFFICE MEMORANDUM

Subject : Revision of interest rates for Small Savings Schemes – reg.

In exercise of the powers conferred by Rule 9(1) of the Government Saving Promotion General Rules 2018, the rates of interest on various Small Savings Schemes for the first quarter of financial year 2020-21 starting from 1st April, 2020 and ending on 30th June 2020 have been revised as indicated below:

Also check: Rate of interest on various National Small Savings Schemes with effect from 1st January 2020

2. This has the approval of Finance Minister.

(Rajesh Panwar)
Dy. Direétor (Budget)

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National Small Savings Schemes 2020 interest rate

SB Order No.01 /2020

F.No 113-03/ 2017-SB
Govt. of India Ministry of Communication
Department of Posts (F.S. Division)

Dak Bhawan, New Delhi-110001
Dated: 01.01.2020

To,

All Head of Circles/ Regions
Addi. Director General, APS, New Delhi

Subject: Revision of interest rates for Small Savings Schemes w.e.f. 01.01.2020

Madam/Sir,

The undersigned is directed to say that vide memorandum No. 01/04/2019-NS dated 31.12.2019 (copy enclosed), Govt. of India, Ministry of Finance, Department of Economic Affairs (Budget Division) have informed that the rate of interest on various National Small Savings Schemes for the fourth quarter of financial year 2019-20 ( starting from 1st January ,2020 and ending on 31st March, 2020) shall remain unchanged from those notified for the third quarter of Financial Year 2019-20 (01st October 2019 to 31st December, 2019). The details are indicated below for ready reference.

3. It is requested to circulate it to all concerned for information and necessary guidance. Same may also be placed on the notice board of all Post Offices in public area.The necessary calculation tables will be supplied in due course on receipt from the DEA/ MoF.

Also check the previous Rates of small savings schemes for the year 2017-18

4. This issues with the approval of Competent Authority.

Yours Faithfully,

(Devendra Sharma)
Assistant Director (SB)

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