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Post Office Savings Bank interests are going to be changed w.e.f 01/12/2011 - Directorate orders Issued

Post Office Savings Bank interests are going to be changed w.e.f 01/12/2011 - Directorate orders Issued



 
It is known by the confidential sources that the Ministry of Finance is decided to change Post office Savings Bank interest rates with effect from 01/12/2011. All the Post offices are instructed to stop accepting the deposits through Cheque.Issue of Kisan Vikas Patras will be discontinued and there is no bonus will be paid on MIS accounts and NSC maturity period reduced to 5 Years and Agent commission is going to reduced to 0.5% on TD,MIS and NSC, No commission on PPF and Sr.Citizen Savings Scheme, RD commission enhanced to 4% w.e.f.01/12/2011. Directorate issued orders vide SB orders No.22 to 29/2011 dated 24/11/2011. The same may please be down loaded from the below link

Click here to get the directorate orders

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