Back to Department

Small Savings


 

Head of office Designation

:

 

Assistant Director (Small Savings)        

Address

 

 

 

:

 

 

 

Collectorate,

Korampallam.

Thoothukudi – 628 101.

 

Phone Number

 

:

 

0461-2340293

 

 

Department Profile

 

Implementation of Small Savings Scheme through MPKBY, SAS and PPF Agents.

 

Schemes implemented

 

The Small Savings Schemes are implemented by the MPKBY, SAS and PPF Agents. The Amounts are deposited in the Post Offices by the Depositors which is canvassed by the Agents. The Small Savings Schemes details are given below.

 

Small Savings Schemes Details

 

SI.NO

Name of Scheme

Rate of Interest

Maturity Period

Minimum / Maximum Deposit

Nomination facility

1

Post Office Monthly Income Scheme

8.2%

(w.e.f. 1.12.2011)

5 Years

Minimum: Rs.1500/-

 Maximum:

Single a/c – 4.5 Lakhs

Joint a/c   -  9 Lakhs

Available

2

National Savings Certificate VIII

8.4%         Compound Interest

(w.e.f. 1.12.2011)

5 Years

Minimum: Rs.100/-

Maximum: No limit

Available

3

National Savings Certificate IX

8.7%         Compound Interest

(w.e.f. 1.12.2011)

10 Years

Minimum: Rs.100/-

Maximum: No limit

Available

4

Public Provident Fund

8.6%

Compound Interest

(w.e.f. 1.12.2011)

15 Years

Minimum: Rs.500/-

Maximum: Rs.1,00,000/-

Available

5

Post Office Recurring Deposit

8.00%

Compound Interest

(w.e.f. 1.12.2011)

5 Years

Minimum: Rs.10/-

Maximum: No Limit

Available

6

Post Office Time Deposit

7.70%

7.80%

8.00%

8.30%

Compound Interest

(w.e.f. 1.12.2011)

1 Years

2 Years

3 Years

5 Years

Minimum: Rs.200/-

Maximum: No Limit

Available

7

Post Office Savings Account

4.00%

 

 

Minimum: Rs;50/- ,(Rs.200 Cheque facility)

Maximum: No Limit

Available

8

Senior Citizen Savings Scheme

9.00%

5 Years

Minimum: Rs.1000/-

Maximum: 15 Lakhs.

Available

 

 

THOOTHUKUDI DISTRICT

Small Savings Agents Details Particulars.

 

SL.

No.

Name of the Panchayat Union

MPKBY

No. of Agents Available at the end of 30.11.2011

SAS

No. of Agents Available at the end of 30.11.2011

PPF

No. of Agents Available at the end of 30.11.2011

1.

Thoothukudi

192

125

5

2.

Kayathar

18

13

-

3.

Srivaikundam

34

10

-

4.

Karungulam

17

15

-

5.

Sathankulam

64

16

-

6.

Tiruchendur

58

27

-

7.

Udangudi

38

10

-

8.

Vilathikulam

34

6

-

9.

Alwarthirunagari

41

17

1

10.

Kovilpatti

106

34

-

11.

Pudur

28

3

-

12.

Ottapidaram

31

13

-

 

Total

661

289

6

 

 

INSTRUCTIONS IN THE APPOINMENT /RENEWAL OF AGENCY AND PAYMENT OF

INCENTIVE

APPOINMENT AND RENEWAL OF AGENCY

 

Nature of

Agency

 

Appointing Authority

Qualification

 

NSC to be

Pledged

 

Period of

Appointment

/Renewal

 

Post Offices to

be Permitted

Amount of

Transaction

Permitted

 

Certificate to

be given for

Cancellation.

SAS

(Both

Men &

Women)

 

AD(SS) & BDO(BP)

SSLC

Rs.2000/-

 

Once in3 Years

One Post Office attached for supply of receipt books .One or more No of Post

Offices under one Head post Office alone are permitted for transaction in the District

 

Up to Rs.50,000/-

Cash at a Time

 

Cash at a Time Unused Receipt Book Surrender Certificate Obtained from the Post Office

 

 

 

MPKBY (Women Only)

AD(SS)

 

8th (Rural

Area)

Rs.100/-

 

Once in 3 Years

 

Only one Post

Office (HPO/

SO/BO) is

Attached

 

Up to Rs.5,000/-

Cash at a Time

 

Unused ASLASS5

Cards should be

returned

 

SSLC(Urb

an Area)

 

Rs.500/-

 

Once in 3 Years

 

Only one Post

Office (HPO/

SO/BO) is

Attached

 

Up to Rs.10,000/- Cash at a Time

 

Unused ASLASS5

Cards should be

returned

 

PPF (Both

Men and

Women)

 

 

AD(SS)

SSLC

Rs.10000/-

 

Once in 3 Years

 

All Post Offices

and Bank Branches

authorized for PPF

Transaction in the

District

 

Only by Cheque

 

Return of all

Originals

 

       

The Applicant shoud produce two conduct certificates of State Government Gazetted officer, NSC Bond along with prescribed applications (with agriment 2 copies, nomination 3 copies)  No criminal / Civil cases are pending certificate obtained from the concerned police station.

 

The Assistant Director  (Small Savings) should maintain registeres for Appoinment /Renewel of agents.  Separate page should be allotted for each agent and updated. The Assistant Director  (Small Savings) should maintain the SAS order issued by the BDOs by Block vice in the Collectorate.  A monthly report about the agent s appointment  and cancelication of the agent in the District should be sent to the Directorate 15th of succeeding month.

 

Commission & Incentive Details

 

SI.NO

Name of the Agency

Commission claimed from Central Government

Incentive claimed  from State Government

1

SAS

1%(upto 30.11.11)

0.5% (w.e.f.01.12.11)

0.5%

 

2

MPKBY

 

4%

2%

3

PPF

1%(upto 30.11.11)

No Commission

(w.e.f. 01.12.11)

 

NIL

 

 

 

INCENTIVE CLAIMS:-

 

The financial year is the basis of the claim. The agent may claim this incentive on yearly /Half Yearly / Quarterly / Monthly basis in their choice. However , the incentive claim pertaining to the finical year (April – March ) should be presented to the Collectorate before 30th September . The agent shall present their claims in the Collectorate viz Small Savings Wing. While receiving the Claim , acknowledgement should be given to the agent. The incentive is being paid to the agents by ECS through District Treasury.

 

The agent should present their incentive claims, the enclosures has noted below

 

The Claims should be presented in the prescribed application

forms.

 

SAS

1. Commission paid Certificate issued by the Post Master. (In case of Branch offices attached , the Certificate should have been countersigned by the Sub Post Master Concerned.

2. Investment details

3. Two receipts (Stamped , if Claim is for Rs.5000/- and above)

4. Appointment / renewal order for the period of Incentive claims.

 

MPKBY

1. Commission paid certificate issued by the Post Master

2. Copies of remittance Schedule (ASLASS-6)

3. Two receipts (Stamped , if Claim is for Rs.5000/- and above)

4. Appointment / renewal order for the period of Incentive claims.

 

If the Commission paid Certificate is issued by the Branch Post Master , it should have been countersigned by the Sub Post Master Concerned, since the Branch PostMaster is only Part time employee. 

 

As soon as Claims are received from the agents , the same is entered in the Agent Incentive Receipt Register to be maintained in the Collectorate in the prescribed proforma. Agent incentive receipt register is maintained and entries are maid serially once the claim form are received on which basic claim settlements.

 

At the end of every month, a report on the incentive claims, received, claims settled and funds required details should be sent to the Directorate separately for previous year and current year before 10th of succeeding month.

 

Target has not been fixed by the Government for the past two years for Small Savings collection.  In Thoothukudi District 19322.96 Lakhs(Gross Collection) Small Savings collection has been done during 2010-11.

 

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