Small Savings

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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.