Clarification / Corrigendum for amendments in SCSS, PPF and 5Years TD Account - SB Order 22/2023

F. No. 1/4/2023-NS(Pt.) 

Government of India

Ministry of Finance 

Department of Economic Affairs

(Budget Division)

North Block, New Delhi

Date: 28th November, 2023

OFFICE MEMORANDUM

Subject: Clarification on applicability of amended rules - reg.

Please refer to DOP ID No. 113-03/2017-SB(Pt.1) dated 24.11.2023 on the subject cited above. This Department has issued a notification dated 07.11.2023 with respect to amendments in SCSS, PPF and NSTD schemes. In this regard, it is clarified that the amendments in SCSS and PPF will be applicable to both existing account holders and to new account holders, whereas, the amendments in National Savings Time Deposit Scheme will be applicable only to new account holders.

2.This has the approval of the competent authority.

(Parveen Jain)

Assistant Director (Budget) Tele. No. 011-23095155

To

The Assistant Director (SB-1) FS Division

Department of Posts

Ministry of Communications Dak Bhawan, New Delhi

Copy to:-

The Joint Director, National Savings Institute, New Delhi for circulation to all the agency banks.