POSB(CBS) Manual (Special Edition) Corrected upto 30/06/2022
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Respected Sir/Madam
The undersigned is a retired Assistant Director (SB) from Financial Services Division of Postal Directorate and wish to submit the following few lines on the subject cited above for your kind consideration:-
1. The undersigned has vast experience in compiling books on Small Savings Schemes for more than 10 years and was part of the journey of implementation of CBS/RICT(DARPAN) while in service.
2 Department had updated the basic POSB(CBS) Manual by incorporating changes circulated till 31.12.2021 and due to this, the undersigned felt the need to publish Special Edition-2022 (corrected up to 30.6.2022) of this book for the sake of updating knowledge of various Postal Officers and officials which will help them in providing by efficient service to the National Savings Scheme existing as well as prospective customers.
3. This compilation includes not only updated CBS Manual rules till 30.06.2022 but also add on material of more than 100 pages which includes more than 50 GUIDANCE NOTES FROM AUTHOR (showing Finacle flows of various activities for PA and Supervisor below relevant rules), 10 Special Guidance Chapters like Frequently Asked Questions (FAQ), latest guidance material for SBCO, ATM Card related procedures, SOP of printing of AAR Books and ASLASS Cards, SOP of NEFT & RTGS , List of important Finacle menus, Small Savings Scheme at a glance and important SB Orders which will help the officials and officers in handling day to day functions relating to POSB schemes. Even an un-trained/less trained PA or Supervisor in Finacle CBS Application can complete transactions with the help of this book.
4. MRP of this Special Edition-2022 is Rs.750/-+ Rs.50 as Postage/Freight (total Rs.800/-) but for any official order, special discount has been arranged from the publisher as per below criteria:-
For up to 7 books:- Rs. 700 (including postage)
For 8-100 books:- Rs. 600 (including postage)
For 100 and above books:- Rs.550 (including postage)
5. It is requested to arrange availability of this SPECIAL EDITION-2022 (corrected till 28.02.2022) to all CBS Post Offices in your Circle/Region/Division which will help the staff working on CBS to enhance their knowledge in their day to day work as it includes Finacle Guidelines for each and every activity as well.
6. Copy of Information about latest Edition 2022 (First Page, Preface, Index and Order Form) is enclosed for ready reference.
For any further inquiry or clarification, please feel free to reach me at: Mob: (9899998054-WhatsApp), (7011348220-calling), mail:- Kawal1962@gmail.com
A compilation of
POST OFFICE
SAVINGS BANK MANUAL
(VOLUME III)
SPECIAL EDITION 2022
A complete Reference/Training as well as Guide book on
ACTS & RULES
OF
NATIONAL SAVINGS SCHEMES
(including discontinued schemes)
(with all old and new Acts & Rules)
(CORRECTED UP TO JUNE2022)
Compiled by
KawalJit Singh
Assistant Director (Savings bank) Rtd.
Postal Directorate New Delhi
PREFACE
All Acts and other Statutory Rules of different Small Savings Schemes were earlier published by Late Sh. A.N Dureja in his POSSS Part 1 and 1A (for PPF) and last edition was of 2007-08. Department had decided to introduce Acts and Rules in POSB Manual Vol-III and first such book was made available on India Post Web Site www.indiapost.gov.inin the year 2006. Thereafter all the subsequent changes are made available on the India Post web site.
Based on the experience and knowledge on the subject of Small Savings Schemes now called National Savings Schemes, the author had compiled these Acts and Statutory Rules of current schemes with latest changes and all relevant clarifications issued by Min. of Finance and the Department of Posts through various orders in the year 2016 in FIRST EDITION.
Now, after various amendments in the relevant Acts and Rules of National Savings Schemes from the year 2018 onwards, this new SPECIAL EDITION-2022 is being published which include all three old Acts and Statutory Rules of National Savings Schemes applicable till notification of new Government Savings Promotion General Rules 2018 and new scheme Rules notified on 12th December 2019 onwards. In addition to this, in this edition, new chapters relating to discontinued schemes and their interest rate tables are included to make this book more useful for post offices in their day to day work as information relating to these old schemes is not available in any other book and interest calculation tables are also not configured in CBS application.
Acts and Rules reproduced with latest clarifications are having legal validity in case of any dispute in any Consumer Forum or any Court of Law as these are notified Acts and Rules by Government of India under the statutory powers given in the relevant sections of the Acts passed by Indian Parliament.
Aim of publishing this book is to extend helping hand to the various Postal Authorities and staff working at ground level dealing with POSB work so that they can update their knowledge about latest rules and serve valuable customers in an efficient way. In addition to this, General Public, customers of POSB as well as National Savings Schemes operated by Banks and Bank staff dealing with these schemes may also get benefit from this book.
This Edition is updated till June 2022 and is a complete reference book on National Savings Schemes of Government of India and the author shall be obliged if any error in printing or any other omissions/discrepancies/typing mistakes noticed are pointed out for their rectification. The suggestions for further improvements will be gracefully accepted.
KAWAL JIT SINGH
kawal1962@gmail.com
INDEX
Chapter. No. | C H A P T E R S | Page No. |
1. | The Government Savings Banks Act, 1873 |
|
1.1 | Amendments to Government Savings Bank Act, 1873 done through Chapter-VIII of Finance Act 2018 |
|
1.2 | The Government Savings Promotion Act, 1873(5 of 1873) notified in 2018 |
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2. | The Government Savings Certificates Act, 1959 |
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3. | The Public Provident Fund Act, 1968 |
|
4. | The Post Office Savings Bank General Rules, 1981 |
|
5. | Government Savings Promotion General Rules 2019 |
|
6. | The Post Office Savings Accounts Rules, 1981 |
|
6.1 | Post Office Savings Scheme 2019 |
|
7. | National Savings Recurring Deposit Rules, 1981 |
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7.1 | National Savings Recurring Deposit Scheme 2019 |
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8. | National savings Time Deposit Rules, 1981 |
|
8.1 | National Savings Time Deposit Scheme 2019 |
|
9. | National Savings Monthly Income Account Rules, 1987 |
|
9.1 | National Savings Monthly Income Account Scheme 2019 |
|
10. | The Senior Citizen Savings Scheme Rules, 2004 |
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10.1 | Senior Citizen Savings Scheme 2019 |
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11 | P.M CARES for Children Scheme 2021 |
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12 | The Public Provident Fund Scheme, 1968 |
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12.1 | Public Provident Fund Scheme 2019 |
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13. | Sukanya Samriddhi Account Rules 2014 |
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13.1 | Sukanya Samriddhi Account Scheme 2019 |
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14. | The KisanVikasPatra Rules, 1988& The Kisan Vikas Patras Rules, 2014. |
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14.1 | Kisan Vikas Patra Scheme 2019 |
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15 | The National Savings Certificates (VIII Issue) Rules, 1989 |
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15.1 | National Savings Certificates (VIII Issue) Scheme 2019 |
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16. | The Post Office Savings Certificates Rules, 1960 |
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Discontinued Schemes | ||
1 | 10 Years National Savings Certificates (IX Issue) Rules, 2011 |
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2 | National Savings Scheme Rules, 1987 |
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3 | National Savings Scheme Rules, 1992 |
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4 | Mahila Samriddhi Yojana (MSY) |
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5 | Post Office Fixed Deposit Accounts |
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6 | Compulsory Deposit Scheme 1963 |
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7 | Indira Vikas Patras |
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8 | National Development Bonds |
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9 | NSC I-VII Issue |
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10 | Social Security Certificates |
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11 | 12 Years National Defence Certificates |
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12 | 10 Years Defence Deposit Certificates |
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13 | National savings Annuity Certificates |
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14 | 12 Years National Plan Savings Certificate |
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15 | 10 Year National Plan Certificate |
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16 | 12 Year National Savings Certificate |
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17 | 5 Years National Savings Certificate |
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18 | Different Types of Savings Bank Schemes |
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19 | Different Types of Savings Certificates |
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ORDER FORM FOR COMPILATION OF POSB(CBS) MANUAL
To,
Arora & Son’s Company
E 1706, Elite Homz,
Sector – 77, NOIDA – 201316
Uttar Pradesh
Ph.: 7011595282, 9899998054
Mail ID: arorasonscompany@gmail.com
Office Reference No.______________________________ dated________________
Subject: Purchase Order for supply of compilation of POSB (CBS) Manual.
Please send the following book(s) at the below given address: -
QTY
1. 
Compilation of Post Office Savings Bank Manual Vol-III
Address:
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Bank Account Details: Name : Arora & Sons Company Bank : ICICI bank Account Number : 628405017747 Branch : Sector 50, NOIDA (U.P.) IFSC Code. : ICIC0006284
Paytm / Google pay: 7011595282
| IPPB Account Details Name : Pramjeet Singh Post Office : Sector 34 PO Noida (UP) Account Number : 059910014955
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Signature of Purchaser with Seal
(Please mention full address and contact number along with e mail ID)
Note 1: MRP of the book is Rs.650/-+Rs.50/- as Postage/Freight. For any official order, discount will be as under:-
For up to 7 books:- Rs. 550 (including postage)
For 8-100 books:- Rs. 525 (including postage)
For 100 and above books:- Rs.475 (including postage)
To order book(s), kindly fill the order form and send either by post or by email after scanning or on WhatsApp at 7011595282 or 9899998054.
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