DoP - Retired private employee is now eligible to open SCSS account after 55 years of age

Retired private employee is now eligible to open SCSS account after 55 years of age

SCSS account

File No. FS-10/17/ 2020-FS
Govt. of India
Ministry of Communications
Department of Posts
(F.S. Division)

Dak Bhawan, New Delhi- 110001
Dated: 07.12.2020

To
All Heads of Circle

Subject: Eligibility for opening of Senior Citizen Savings Scheme Accounts – Reg.

Sir / Madam,

A POSB customer, formerly employed with M/s. Abbott Healthcare, Tanjore has sought for clarification through email whether he being a retired from a private company and 58 years of age is eligible to open SCSS account.

Detailed procedure related to opening of SCSS accounts have been laid down in Senior Citizen Savings Scheme notified vide G.S.R. 916(E) dated 12.12.2019. More specifically, Rule 3 (ii) of Senior Citizen Savings Scheme 2019 specifies, “an individual who has attained the age of fifty-five years or more but less than sixty years, and who has retired on superannuation or otherwise on the date of opening of an account under this Scheme is eligible to open the account, subject to the condition that the account is opened by such individual within one month of the date of receipt of the retirement benefits and proof of date of disbursal of such retirement benefit(s) along with a certificate from the employer indicating the details of retirement on superannuation or otherwise, retirement benefits, employment held and period of such employment with the employer, is attached with the application form”.

Central Government pensioners need not visit office of Pension department or pension disbursing agency for submission of Life Certificate

The rule doesn’t specify category of employer. Any customer fulfilling the conditions laid out in the Scheme is allowed to open SCSS account in the post office of his choice. This may be circulated to all the post offices.

This issues with the approval of DDG (FS).

(T C VIJAYAN)
Asst. Director (SB-I)

Source: DoP

Department of Posts: Mandatory use opening of Savings Account in CBS Post Offices

Mandatory use/ opening of Savings Account in CBS Post Offices.

F.No. 113-02/2015-SB
Government of India
Ministry of Communications & IT
Department of Posts

Dak Bhawan, Sansad Marg,
New Delhi – 110001
Date: 26.10.2015

To
All Heads of Circles/Regions
Addl. Director General, APS, New Delhi.

Subject:- Mandatory use/ opening of Savings Account in CBS Post Offices for maintaining/ development of relationship of customers with Post Office Savings Bank (POSB) – further clarifications to SB Order No.12/2015 regarding

Sir / Madam,
In continuation of SB Order No.12/2015 issued vide this office letter of even number dated 05.10.2015 on the subject, the undersigned is directed to convey that a number of references form Public by mails, letters and phone calls have been received, mentioning that Opening of new Saving Account at CBS Post Office is taking too much time/ even days due to which maturity payments are getting delayed. Post Offices are not issuing cheques to the customers. The competent authority has reviewed the matter particulary in the backdrop of issues being reported in CIF Creation and Modification menus of Finacle CBS Application and has decided to issue following clarifications:-

1. The objective of the letter dated 05.10.2015 was to educate the customers for availing various benefits of Post Office Savings Account in CBS Post Office and to develop / maintain relationship with the POSB customers through Savings Account. With this, a customer can also have a holistic view of all transactions happening in various accounts/ certificates standing at different post offices in his/her name. Looking to the benefits of Savings Bank Account, field units may be asked to continue to persue the customers to open savings account for better and sustainable relationship with POSB. However, in case of extreme exegencies like a Bank or any Institution presenting Certificates after forgetting security, any depositor becomes NRI after investment and now wants to take maturity value only, the claim case where there are multiple nominees/legal heirs or any other case where Postmaster/ Sub Postmaster is satified that depositor is genuinely not in a position to open savings account immediataly may issue cheque for the maturity / prematurity value. Depositors may be made aware that facility of transfer of funds through NEFT/RTGS and use of Post Office Savings Bank ATM cum Debit Card in other Bank’s ATMs will also be provided shortly.

2. In case a depositor of RD or PPF is also genuinely unable to open Savings Account immediately, then may present cheque of other bank for deposit but for future deposits he/she may be requested to open savings account.

3. For all new investments in any scheme including through agents, customer should open Savings Account mandatorily with proper KYC documents to start relationship with POSB and then invest in any of Small Savings Scheme through the same Savings Account. In such cases, if customer wants to invest through cheque of other Bank, his/her cheque should be lodged only through his/her savings account and then new account/certificate should be funded from that savings account by putting cheque credit date as Value Date.

4. For subsequent deposits by RD, PPF and SSA Accounts, Customers/MPKBY Agents should be suitably informed that from 1st Jan. 2016, all such customers should be asked to submit POSB Cheque only for their subsequent deposit and if they donot have savings account in any CBS Post Office, they may have to open Savings Account with cheque Books.

5. All MIS/SCSS/TD Account Holders who open further new account or extend the existing accounts, should also be requested to open savings account mandatorily and give standing instruction for credit of interest so that they need not visit post office frequently and stand in queue, instead they can be issued ATM/Debit Card to withdraw from ATMs. Existing account holders should also be convinced to open Savings Account for getting monthly/quarterly/yearly interest.

6. It is further reiterated that for all the entries made in Clearing Inward / Outward, ECS Inward/ Outward, BO Settlement and Postmaster Repayment Office Account (0340) by the User are to be verified by Supervisor. For these entries, it will be the personal responsibility of that User and Supervisor.

7. It is requested to circulate this order to all CBS Post Offices and non CBS Post Offices may start requesting customers to open Savings Accounts to avail all the benefits once office is migrated to CBS.

Yours faithfully,

(Kawal Jit Singh)
Assistant Director (SB-II)

Payment of Salary and other Personal Payments, Salary by Cash on optional basis or through Cheque / Electronically through Bank – instructions

Payment of Salary and other Personal Payments, Salary by Cash on optional basis or through Cheque / Electronically through Bank – instructions

No. 2-1/2007-08/PA (Tech-I) D-813-897

GOVERNMENT OF INDIA
MINISTRY OF COMMUNICATION & IT
DEPARTMENT OF POSTS
PA WING: TECH-I BRANCH
DAK BHAVAN: SANSAD MARG

NEW DELHI-110001
Dated:11-12-2014

OFFICE MEMORANDUM

Sub : Payment of Salary and other Personal Payments, Salary by Cash on optional basis or through Cheque / Electronically through Bank – instructions regarding.

In continuation of this Directorate O.M. of even No. D-482-558 dated 11.07.2007 wherein clarificatory Orders for disbursement of salary to the staff through POSB Accounts were issued and further O.M. of even No.D-255-326 dated 14.05.2009 wherein decision of Director General (Posts) for disbursement of Pay and Allowances to all employees of Department of Posts through cheque and/or through direct credit to the Salary/Savings Accounts of the employees concerned was conveyed for implementation in letter and spirit.

2. Further, another O.M. of even No. D-473-524 dated 03.10.2012 was issued, wherein decision of DG (Posts) was conveyed that payments of Salary and other personal payments including Retirement/Terminal benefits to all employees of Department of Posts mandatorily be made through Bank including POSB electronically by issuing payment advices with immediate effect. However, in special and exceptional cases, payment of Pay and Allowances including other personal payments to the employees can be made through cheque only with the prior approval of Head of Office/Divisional Head/Head of Postal Accounts office.

3. The case has been carefully re-examined in the light of provisions contained in Ministry of Finance, Gazette Notification dated 30.03.2012 and Department of Expenditure, Controller General of Accounts OM. F. No. 1(1 )/20ll/TA/292 &303 dated 31.03.2012 & 11.04.2012 and it has been decided by DG (Posts), that hence forth, all Government Servants of Department of Posts are permitted to receive their Salary by direct credit to their Bank Accounts or in Cash or by Cheque, at their ‘option’ and payments other than Salary like HBA above Rs. 25000/- and all payments towards settlement of Retirement/Terminal benefits such as Gratuity, Commuted value of Pension, Encashment of Leave Salary, CGEGIS, withdrawal from General Provident fund, etc. by issue of payment advices, including electronically signed payment advices, Cheque / POSB Account or Bank Account.

4. All concerned are requested to issue suitable instructions to all Drawing and Disbursing Authorities working under their administrative jurisdiction for strict compliance.

5. The receipt of this OM may kindly be acknowledged to Sh. Naresh Kumar, Asstt. Chief Accounts Officer (PEA), Room No. 412, Dak Bhavan, New Delhi – 110001

/Sd/-
(Rajnish Kumar)
DDG(PAF)

Download Department of Posts Office Memorandum No. 2-1/2007-08/PA (Tech-I) D-813-897 dated 11.12.2014

Pension payment for the month of March 2015 through POSB functioning under CBS: NFPE writes to DoP

Pension payment for the month of March 2015 through POSB functioning under CBS: NFPE writes to DoP
No. PF-Misc/2015

Dated 21th March, 2015

To

The Secretary
Department of Posts
Government of India
Dak Bhawn  
New Delhi – 110001

Sub: Pension payment for the month of March 2015 through POSB functioning under CBS – regarding.

Madam,

Your kind attention is invited to the fact that last year on 1st April, 2014 no payment of pension could be disbursed through POSB on the request of Infosys due to some technical problems in the CBS. In fact all SB transactions were suspended on that day. Many pensioners were made to return home empty handed without drawing their pension on that day.

This year 1st April is followed by two holidays on 2nd and 3rd April for Mahavir jayanthi and Good Friday and therefore any recurrence of previous problem on 1st April will cause heavy hardships on pensioners as they could not draw their pension until 4th April, 2015.

It is therefore requested to kindly intervene in the matter to prevent any such recurrence this year and if suspension of all SB transactions on 1st April is unavoidable, then necessary instructions may please be issued to all concerned for effecting payment of pension on 31st March, 2015 itself irrespective of the fact that no payment or pension payment is normally done on the closing day of the financial year.

Thanking you,
Yours faithfully,

(R.N. Parashar)
Secretary General

Source:http://nfpe.blogspot.in/