(a)Who can open:- (i) a single adult (ii) Joint Account (up to 3 adults) (Joint A or Joint B)) (iii) a guardian on behalf of minor/ person of unsound mind (iv) a minor above 10 years in his own name. (b)Deposit:- (i) Account can be opened with minimum of Rs. 1000 and in multiple of…
G.S.R. 922(E).— In exercise of the powers conferred by section 3A of the Government Savings Promotion Act, 1873 (5 of 1873), the Central Government hereby makes the following Scheme, namely:- 1. Short title and commencement.-(1) This Scheme may be called the National Savings Time Deposit Scheme, 2019. (2) It shall come into force on the…
(a)Who can open :- (i) a single adult (ii) Joint Account (up to 3 adults) (Joint A or Joint B) (iii) a guardian on behalf of minor (iv)a guardian on behalf of person of unsound mind (v) a minor above 10 years in his own name. Note:- Any number of account can be opened. (b)Deposits…
Premature encashment conditions for Small Savings Schemes as below. POSA Can be closed at any time RD Can be closed after 3 years, only SB rate of interest is permissible. TD Can be closed after 6 months* MIS Can be closed after 1 year*. PPF After 5 years only in case of Severe Illness,…
Minimum balance in respect of different types of Small Savings Accounts is given below. Post Office Savings Account INR. 500/- National Savings Recurring Deposit Account INR. 100/- Monthly Income Scheme INR. 1000/-…
The monthly deposits for RD account opened between 1 to 15 should be credited up to 15th of the month. RD account opened between 16 to the last of the month monthly deposit should be credited by last day of the month. If the monthly installment is not credited for any particular month, then it…
(a)Who can open :- (i) a single adult (ii) two adults only (Joint A or Joint B) (iii) a guardian on behalf of minor (iv) a guardian on behalf of person of unsound mind (iv) a minor above 10 years in his own name Only one account can be opened by an individual as…
ePassbook for POSB schemes Click Here to Check Post Office Account Balance The Department of Posts (DOP) through the Post Office Savings Bank (POSB) provides various types of accounts as an avenue to the citizens to save and invest their money. The account holders of these schemes are provided a physical passbook into which entries…
Finacle Menu related to CIF id CDEDUP – To see whether the customer is already an existing customer CCRC/CIFCR – For the creation of CIF CCRC/CIFCR – CIF creation needs verification by Supervisor CMRC/CIFMD – CIF Modification CMRC/CIFMD – Suspension of CIF ID HCCA – Merger of CIF ID HCRV – Inquiring of CIF IDs(Customer…
It has been brought to the notice of this Ministry on behalf of Government servants belonging to Scheduled Castes/Scheduled Tribes, that certain Ministries/Departments do not permit members of their staff belonging to these communities to join educational institutions outside the normal office hours. 2. As the Ministries are aware, it was proposed in this Ministry’s…
Suicide Cases: In the event of an insured person committing suicide any time after the date of acceptance of the policy (whether sane or insane at that time) and after having paid his first premium in full but not after expiry of two years from such date of acceptance or payment of first premium whichever…
Settlement of death claim cases of murder of the insured committed by the nominee(s) or any legal representative(s) If the policy holder is murdered by any of the legal representative/ nominee(s), the policy money shall not be paid to the murderer even if he/she is acquitted by the competent court of law by giving him/…
If an insured person resigns or retires or is dismissed from the service of Government, his policy holds good so long as the premium due are regularly paid by him on the first day of the month or within the period of grace at any Post office or make online payment of premium on the…
The following persons are eligible to the benefits of the Post Office Life Insurance fund provided their age is not less than 19 years and not more than 55 years on the next birth day on the date of proposal, except in case of Anticipated Endowment Assurance, Joint Life and Children policy for which the…
PLI/RPLI Surrender Factor Value Table /Chart
Surrender value is calculated on reduced sum assured/paid up value. Paid up value = No of premium paid/total number of premium payable x sum assured. Just For Example :- Sum Assured – Rs.500000/- , Premium – Rs.1545/- Age at Entry – 35 Years , Maturity Age at – 60 Years , Premium Paid From…
Policies that cannot be surrendered: Anticipated Endowment Assurance (Sumangal and Gram Sumangal), 10-year RPLI Anticipated Endowment Assurance (Gram Priya) and Children Policy (Bal Jeevan Bima and Gram Bal Jeevan Bima). Other Conditions A policy can be surrendered only in which at least 36 premiums have been paid and the policy has completed a minimum duration…
Policies that can be surrendered: Whole Life Assurance (Suraksha and Gram Suraksha), Endowment Assurance (Santosh and Gram Santosh), Convertible Whole Life Assurance (Suvidha and Gram Suvidha) and PLI Joint Life Assurance (Yugal Suraksha). Other Conditions A policy can be surrendered only in which at least 36 premiums have been paid and the policy has completed…
F.No.25-02/2023-LI Ministry of Communications Department of Posts (Directorate of Postal Life Insurance). Chanakyapuri P.O. Complex New Delhi-110021 Dated: 05.09.2023 OFFICE MEMORANDUM Sub: Standard Operating Procedure (SOP) for handling of Surrender Claim Cases in PLI/RPLI. This is regarding issue of Standard Operating Procedure (SOP) for handling of Surrender Claim Cases of PLI/RPLI. 2. In order…
DEPARTMENT OF POSTS OFFICE OF THE CHIEF POSTMASTER GENERAL U.P. CIRCLE, LUCKNOW-226001 To, All the SSPOs/SPOs of UP Circle All the SSRMs/SRMs of UP Circle The Manager MMS Kanpur, Kanpur. No: STA/R-38 Transfer/September Cycle/2023/4 dated at Lko the .09.2023 Sub: Regarding Commencement of September 2023 Cycle for Rule 38 online transfer. ****** On the subject…
महिला सम्मान बचत प्रमाणपत्र, 2023 मुख्य विशेषताएं (ए) कौन खोल सकता है :- (i) एक महिला द्वारा अपने लिए। (ii) अवयस्क लड़की की ओर से अभिभावक द्वारा। (बी) जमा (i) न्यूनतम एक हजार रुपये और एक सौ रुपये के गुणकों में। (ii) एक खाते में दो लाख रुपये की अधिकतम सीमा या एक खाताधारक द्वारा…
Mahila Samman Savings Certificate, 2023 Salient features (a) Who can open:- (i) By a woman for herself. (ii) By the guardian on behalf of a minor girl. (b) Deposit (i) Minimum of rupees one thousand and in multiple of rupees one hundred. (ii) Maximum limit of rupees two lakh in an account or all…
The Mahila Samman Saving Certificate (MSSC) is a new small savings scheme launched by Ministry of Finance, Govt. of India aimed at encouraging women investors. Central government has introduced this scheme in the Budget 2023 to mark the Azadi Ka Amrit Mahotsav and is a significant step towards financial inclusion and empowerment of the women,…
PLI RPLI Policies TDS Deduction @5% rate on Maturity Payment of exceeding Rs 1 Lakh
