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

North Block, New Delhi
Dated: 29.09.2022

Office Memorandum

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

The rates of interest on various Small Savings Schemes for the third quarter of financial year 2022-23 starting from 1st October, 2022 and ending on 31st December, 2022 have been revised as detailed below:

9. This has the approval of competent authority.

Rate of interest on various Small Savings Schemes for the financial year 2022-23 starting from 1 April 2022 and ending on 30th June 2022

(Rajesh Kumar)
Under Secretary to Govt. of India

To,
1. The Finance Secretary & Secretary
Expenditure, Department of Expenditure
North Block, New Delhi.

2. The Secretary, Department of Economic Affairs
North Block, New Delhi.

3. The Secretary,
Department of Revenue
North Block, New Delhi.

4. The Secretary,
Department of Financial Services
Jeevan Deep Building, New Delhi.

5. The Secretary,
Department of Posts
Dak Bhawan, New Delhi.

6. The Chief General Manager (DGBA)
Reserve Bank of India, Central Office,
Mumbai.

7. Reserve Bank of India
Central Account
Additional Office Building
East High Court Road, Civil Lines, P.B. No.15,
Nagpur – 440 OO1.

8 Chief Secretaries of States /
UT Section Government

9. The Joint Director
National Savings Institute
New Delhi.

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SB Order No 17/2021

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

Dak Bhawan, New Delhi -110001
Dated: 01.07.2021

All Head of Circles/Regions

Subject: Revision of interest rates for National (Small) Savings Schemes w.e.f. 01.07.2021

Sir/Madam

The undersigned is directed to say that vide O.M. no.1/4/2019-NS dated 30.06.2021 (copy enclosed), Govt. of India, Ministry of Finance, Department of Economic Affairs (Budget Division) has informed that the rate of interest on various National (Small) Savings Schemes for the second quarter of the financial year 2021-22 starting from 1st July 2021 and ending on 30th September 2021 shall remain unchanged from the current interest rates applicable for the first quarter (1st April 2021 to 30th June 2021).

The details of interest rates are indicated below for ready reference:

3. It is requested to circulate it to all concerned for information and necessary guidance It may also be placed on the notice board of all Post Offices in a public area.
4. This issues with the approval of Competent Authority.

DoP – Revision of interest rates for National Small Savings Schemes w.e.f. Jan 01st 2021

Yours Faithfully,

Sd/-
(Devendra Sharma)
Assistant Director (SB-II)

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GDS MEMBERSHIP VERIFICATION PROCESS STOPPED.

IMPLEMENTATION OF GDS COMMITTEE REPORT DELAYED FOR ONE YEAR, STILL PENDING WITH FINANCE MINISTRY.

HOLD PROTEST DEMONSTRATIONS AT ALL CENTRES AND IN FRONT OF ALL OFFICES ON 23.10.2017.

FEDERAL SECRETARIAT WILL MEET AND DECLARE FURTHER COURSE OF ACTION.

Dear Comrades,

Government has unleashed a sudden and most damaging attack on Post office Small Savings Schemes. Notifications are already issued permitting all Nationalised Banks and three Private Banks ( ICICI Bank , AXIS Bank and HDFC Bank) to accept deposits for all Small Savings Schemes viz ; Recurring Deposit (RD) , Time Deposits (TD) , Monthly Income Scheme (MIS) Senior Citizen Savings Scheme (SCSS) , Sukanya Samridhi Account (SSA) , Kisan Vikas Patra (KVP) and National Savings Certificate (NSC VIII issue) with effect from 10th October 2017.

This is a great blow to the Post office Small Savings Schemes and will be a threat to the job security of Postal Employees and also MPKBY /SAS Agents. About 40% of the Revenue and about 50% of the workload of Post office depends on the Post office Small Savings Schemes. Outsourcing of POSSS work to Banks will result in steady fall in Revenue and Workload of Postal Department.

GDS Committee Report , though submitted to Govt on 24th November 2016 , is still pending with Finance Ministry for approval. GDS Membership verification process has been suddenly stopped by the Government.

Overall situation in Postal Department is worsening day by day and resentment of the Employees is mounting.

NFPE CHQ views the above situation with grave concern and calls upon the entirety of Postal and RMS employees including GDS and Casual labourers to conduct mass protest demonstrations at all Centres and in front of all offices on 23rdOCTOBER 2017.

Urgent meeting of NFPE Federal Secretariat to be held shortly will announce further course of action.

Yours fraternally,

S/d,
R.N.PARASHAR
Secretary General

Source :  NFPE

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