Important instructions to Post Offices regarding POSB Interest rate

From:         Program Office-Headquarters <arrow-hq@indiapost.gov.in>

To:               pmg-dop@lsmgr.nic.in, CPMsG <cpmg-dop@lsmgr.nic.in>

Date:           Wed, 16 Nov 2011 11:51:29 +0500

Subject:     [cpmg-dop] Implementation of new Interest rates and other changes in PO Savings Schemes published in Newspapers

 Respected Madam / Sir,

          Kindly refer to the item published in the leading newspapers regarding revised rate of interest and new features of various small savings schemes which is also uploaded by Ministry of Finance on its website in the shape of Office Memorandum.  Ministry of Finance has requested to issue instructions to all post offices that the new rates of interest and other decisions taken should not be implemented till notifications are issued by the Ministry.

        Therefore, it is requested to issue instructions to all post offices to wait for receipt of notifications issued by Ministry of Finance and circulated by the Department with reference to the implementation of new rates and other features of the small savings schemes. 

 Regards
Directorate Programme Office- Project Arrow
O/o Secretary  Posts
Dak Bhawan, New Delhi-110 001
Tel: 2303 6102, 6808, 23096155

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