• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

Govtempdiary

Govtempdiary is a prominent source of news for Central government employees

  • Home
  • Aicpin
  • Recent Post
  • DA From July 2023
  • Pay Matrix
  • Dopt orders
  • Recent Govt Orders
  • DA News
8th Pay commission NewsDA from July 2023


Pay Matrix7th Pay Commission Calculator
Dopt Order 2023Recent govt order
8th Pay commission NewsMACP Calculator
Gratuity CalculatorKV Fees Online
CGE Holiday 2023 PDFCGHS Rate list PDF
AicpinDA From July 2023

Changes in National Savings Schemes- GSPR, Post Office Savings & NSS(MIA)

July 30, 2023 Eliza

The Government of India, Ministry of Communications, Department of Posts, Financial Services Division has issued a circular, SB Order No. 16/2023, dated 18.07.2023, addressed to all Head of Circles/Regions. The circular pertains to the circulation of amendments in various savings schemes.

The amendments are in connection with the Government Savings Promotion General Rules (GSPR), Post Office Savings Account Scheme, and National Savings (Monthly Income Account) Scheme. These amendments have been introduced through Gazette notifications dated 03.07.2023 issued by the Department of Economic Affairs, Ministry of Finance.

Circulation of amendments in GSPR, Post Office Savings Account Scheme & NSS(MIA)

SB Order No. 16/2023

F. No 113-03/2017-SB(Pt.1)
Government of India
Ministry of Communications
Department of Posts
(Financial Services Division)

Dak Bhawan, New Delhi – 110001
Dated: 18.07.2023

To

All Head of Circles/ Regions

Subject: Circulation of amendments in Government Savings Promotion General Rules (GSPR), Post Office Savings Account Scheme and National Savings (Monthly Income Account) Scheme – Reg.

Madam/ Sir,

The undersigned is directed to forward the copy of the Gazette notifications dated 03.07.2023 issued by Department of Economic Affairs, Ministry of Finance in connection with the amendments in rules related to National (Small) Savings Schemes.

(i). G.S.R.488(E) – Government Savings Promotion General (Amendment) Rules, 2023

(ii). G.S.R.489(E) -Post Office Savings Account (Amendment) Scheme, 2023

(iii). G.S.R.490(E) – National Savings (Monthly Income Account) (Fourth Amendment) Scheme, 2023

  1. The following amendments have been notified in the above said notifications.

(I). Amendments in Government Savings Promotion General Rules, 2018 (herein after referred as GSPR 2018)

(a). New rules inserted in GSPR 2018

Sl. No.Rule No. after which new provision insertedNew Provision
1Rule 5 (2) clause (b)Provided that, in case of account opened on behalf of a minor, recent passport size photograph of the guardian only shall be submitted;
2Rule 5 (6)(7) Change of name or surname may be allowed by the account office by following the procedure laid down by Reserve Bank of India for change of name or surname in Bank Savings Account
3Rule 14 (8)(9) Non-resident Indians shall be eligible to be nominated as nominee subject to the condition that payment to such nominee/s shall be on non-repatriation basis.
4Rule 15 (6)(7) Surviving nominees will have to submit any of the identity documents prescribed in rule 6 of these rules.
5Schedule-I (“Forms to be used for operation of an account”) serial number 1516. GSPR-16 To be issued by transferor Accounts Office
6after FORM – 15FORM-16 (See Rule 13 of Government Saving. Promotion Rules, 2018) To be issued by transferor account office. Specimen of the form is attached herewith).

Read More using the Given link below:

PDF Link

Get Free email updates

Enter your email to subscribe to notifications from this site

Share this:

  • Email
  • Tweet
  • WhatsApp

Related

Filed Under: CGE Latest News, DOP -Department of Posts, Recent govt orders July 30, 2023 Leave a Comment

Reader Interactions

Leave a ReplyCancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

Search

CALCULATORS

  • Expected DA Calculator from July 2023
  • 7th pay commission calculator [updated]
  • Salary Hike Calculator for Government Employees
  • Promotion/MACP Option form Calculator
  • Next MACP Calculator
  • 7th Pay Commission Pension Calculator
  • GPF Interest Calculator 2022-23
  • Age Calculator
  • Gratuity Calculator
  • HRA Exemption Calculator

Pay Matrix

  • Defence Personnel
  • MNS Officers
  • Tamil nadu
  • Rajasthan
  • Odisha
  • Gujarat
  • Haryana
  • Jharkhand
  • Madhya Pradesh
  • Nagaland
  • Tripura
  • Uttrakhand
  • Assam
  • Bihar
  • CSD Car Price List 2023
  • Maruti CSD Car Price
  • afd.csdindia.gov.in login

Secondary Sidebar

Recent Posts

  • Revised VDA Rates for Stone Mines Workers
  • Revised VDA Rates for Watch & Ward Employees
  • Enhanced VDA Rates for Sweeping & Cleaning Workers – Oct 2023
  • Revised VDA Rates for Loading and Unloading Employees
  • Update on Pension Benefits for Retired Employees of NVS

Footer

Copyright© 2010–2023

Central Government Employees News - Govtempdiary