Welcome to the official blog of AIPSA. This blog is meant for use by members of All India Postal Stenographers' Association******E-mail: parambilmohan@gmail.com
================ Blog maintained by : P. Radhamohan Nair, Private Secretary to Post Master General, (Retired) Northern Region, Calicut, Kerala Circle=================

Thursday, November 24, 2016

Efficient booking, transmission and delivery arrangements for parcels during upcoming festive season-reg

Krishnanagar Head Post Office ( West Bengal ) organizes Mobile Camp for exchanging WOS Currency

SPOS, Nadia North Postal Division (Sri Pulak Das) alongwith Postmaster, Krishnanagar HO (Sri Pranata Bag) took an initiative to extend the service of exchange of WOS currency through a mobile camp to the patients of Saktinagar Zilla Hospital at Krishnanagar.

The entire postal family of Nadia North celebrates this noble act and especially the selfless service of Sri Swadesh Chakraborty, Sri Raju Patra and Sri Gautam Sinha.

Deposit of old demonetized notes of Rs. 500 and Rs. 1000 in Small Savings Scheme

SB Order No : 13/2016 dated 23.11.2016 regarding acceptance of WOS currency notes in Post Office Saving Bank Accounts

SB Order No : 13/2016 dated 23.11.2016 regarding acceptance of WOS currency notes in Post Office Saving Bank Account only and not in other accounts like RD, TD, MIS, SSA, SCSS, PPF, KVP, NSC etc.

Finmin Order dtd 23/11/2016

Demonetisation: Old Rs. 500/1000 notes can be deposited in Post Office Savings Accounts

People can deposit the now - invalid Rs. 500 and Rs. 1000 denomination currency notes in their Post Office savings accounts, the Finance Ministry said today.
The ministry had yesterday said that Rs. 500 and 1,000 rupee notes cannot be used for making deposits in small savings schemes.
”...the deposits into Post Office Savings Account are excluded from the bar imposed (on deposits of invalid notes in small saving schemes,” it said while clarifying the yesterday’s statement.
A Post Office Savings Account offers interest of 4 per cent per annum on individual or joint accounts. Such accounts can be opened with an amount as low as Rs. 20.
Minimum balance to be maintained in a non-cheque facility account is Rs. 50. Cheque facility is available if an account is opened with Rs. 500 and for this purpose minimum balance of Rs. 500 in an account is to be maintained.
After the demonetisation announcement on November 8, the ministry had received references from banks on whether the invalid high denomination currency notes can be deposited in accounts opened under small saving schemes.
To this, the Finance Ministry said that subscribers of small savings schemes “may not be allowed to deposit old currency note of Rs. 500 and Rs. 1,000 in small saving schemes“.
Small saving schemes include Post Office schemes, public provident fund (PPF) and Sukanya Samriddhi.
Earlier in the day, the RBI through a notification had asked banks not to accept the defunct currency notes for deposits in Small Saving Schemes with immediate effect.
Source : http://www.thehindubusinessline.com/