10:47 PM
SA
SB ORDER dt 24.11.11 | SCHEME | FEATURE | EXISTING | REVISED w.e.f. 01.12.2011 | REMARKS AND ACTION TO BE TAKEN |
22 | KVP | CERTIFICATE ISSUE | Available | Discontinued | Existing stock to be returned from SO to HO and from HO to CSD after 30.11.2011 |
23 | NSC | PERIOD | 6 year | 5 year | Rubber stamp to be affixed in NSCs about new period and maturity value. |
MATURITY VALUE | Rs.160.10 for Rs.100 Dn | Rs.150.90 for Rs.100 Dn | |||
10 YEAR NSC IX ISSUE | Not Available | Available | Features not mentioned now. | ||
24 | PPF | MAXIMUM SUBSCRIPTION LIMIT | Rs.70,000 per annum | Rs.1,00,000 per annum | |
INTEREST RATE | 8 % p.a | 8.6 % p.a | New interest applicable for balance at credit in account from 01.12.2011 | ||
LOAN INTEREST | 1% p.a | 2% p.a | 1 % p.a Int will continue for Loan taken before 30.11.11 | ||
25 | MIS | PERIOD | 6 year | 5 year | Rubber stamp to be affixed in PB about the new features |
INTEREST RATE | 8 % p.a | 8.2 % p.a | |||
BONUS | 5 % on pri. | Discontinued | |||
26 | SB | INTEREST RATE | 3.5 % p.a | 4% p.a | New interest applicable for balance at credit from 01.12.2011 |
27 | TD | PMC (from 6 months to 1 year) | No interest | SB Interest | For accounts closed on or after 01.12.2011 |
PMC deduction | 2 % Int less | 1 % Int less | Refer Rule 8 and rate table in Rule 7 of POTD rules | ||
1 TD | INTEREST | 6.25 % Q.C.I | 7.7 % Q.C.I | Interest applicable for accounts opened on or after 01.12.11 (Q.C.I-Quarterly Compounded Interest) | |
2 TD | INTEREST | 6.5 % Q.C.I | 7.8 % Q.C.I | ||
3 TD | INTEREST | 7.25 % Q.C.I | 8.0 % Q.C.I | ||
5 TD | INTEREST | 7.5 % Q.C.I | 8.3 % Q.C.I | ||
28 | RD | MATURITY VALUE | Rs.728.90 for Rs.10- Dn | Rs.738.62 for Rs.10- Dn | Proportionate value for other Denominations |
29 | AGENT COMM | PPF | 1 % | Discontinued | Applicable for deposits made on or after 01.12.11 |
SCSS | 0.5 % | Discontinued | |||
MIS,TD,NSC | 1 % | 0.5 % | |||
RD (MPKBY) | 4 % | 4 % |
Points to remember for Cheque Deposits:
- Investment in KVP through Cheque should not be accepted w.e.f. 28.11.2011. If any cheque presented before 28.11.2011 is cleared after 30.11.2011, the amount should be refunded to depositor.
- After 25.11.2011 while accepting cheques for opening MIS, rubber stamp should be affixed on counterfoil “No Bonus shall be payable if cheque is credited to Govt. Account after 30.11.2011
- Rate of interests applicable according to the Date of Clearance of cheque.
courtesy: sapost.blogspot.com
Posted in 
Bangalore Time