ADDE DUM.II - SB ORDER No.'15/2017 Mandatory use of Savings Account orders will be implemented w.e.f. 15 th January, 2018 instoad of 15th Oecember,2017".

Subject: Mandatory use of Savings Account for credit of maturity/premarure value,  
               monthly/quarterly/yearly interest in case of MIS/SCSS/TD accounts and investments 
               from 01s'December, 2017


                     The undersigned is directed to refer to this office letter of even number dated 06. 10.201 7 and 07 .12.2017 on the subject vide which mandatory use of Savings Account for credit of Maturity value and monthly/quartetlylyeatly interest in the various POSB Schemes were circulated. On receipt of references from various stakeholder/ associations, the competent authority has decided to issue following further amendment to the above said order-

"Ths above orders will be implemented w.e.f. 1sth January, 2018 instoad of 15th Oecember,2017". 


2. This may kindly be circulated to all CBS and non-CBS Post Offices for information and necessary guidance for staff and customers.

3. The Circles are advised to take proactive measures & necessary steps in order to ensure that business opportunities & revenue of the Department are not affected adversely due to implementation of the order. lf need be, the Small Savings Agents may also be involved to convince to the depositors for proper implementation of the orders.

4. This issues with approval of competent authority