Remuneration rates payable to Department of Posts for the Savings Bank and Savings Certificates work for the F.Y. 2023-24

Postal Directorate FS Division No. FS-10/9/2021-FS-DOP dated 28/12/2023 regarding Remuneration Rates for Department of Posts' Savings Bank and Savings Certificates Work (FY 2023-24)

• The Department of Posts will receive the following remuneration rates for Savings Bank and Savings Certificates work in the financial year 2023-24, as per the Ministry of Finance's OM No. 9/4/2023-NS dated 18.12.2023: Savings Deposits at Rs. 219.23 per unit, Savings Certificates (NSC, KVP) at Rs. 73.92 per unit, Indira Vikas Patra at Rs. 19.59 per unit, and Silent Accounts at Rs. 35.61 per unit.
•  This information was communicated to all Heads of Circles by the Department of Posts (FS Division) on December 28, 2023.

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No. FS-10/9/2021-FS-DOP

Government of India 

Ministry of Communications & IT Department of Posts 

(FS Division)

Dak Bhawan, Sansad Marg,

New Delhi-110 001, dated 28.12.2023

To,

All Heads of Circles

Sub: Remuneration rates payable to Department of Posts for the Savings Bank and Savings Certificates work for the F.Y. 2023-24

Respected Sir/Madam,

On the cited subject, the Ministry of Finance vide their OM No. 9/4/2023- NS dated 18.12.2023, has conveyed the following remuneration rates payable to Department of Posts for Savings Bank and Savings Certificates work for the F.Y. 2023-24:-

POSB	Remuneration Rates for the Financial	Year 2023-24
SI.No.	Item/Category	Rate per Unit (Rs)
1	Savings Deposits	219.23
2	Savings Certificates (NSC, KVP)	73.92
3	Indira Vikas Patra	19.59
4	Silent Accounts	35.61

This issues with approval of the Competent Authority.