SB ORDER NO. 1/2008

SB ORDER NO. 1/2008

No.111-01/2008-SB

Government of India

Ministry of Communications & IT

Department of Posts

Dak Bhawan, Sansad Marg,

New Delhi-110001, Dated: 22.1.2008

To

All Heads of Circles/Regions

Addl. Director General, APS, New Delhi.

Subject: - Issue of Sanction Memo of deceased claim cases of various Small

                  Savings Schemes- a clarification regarding.

Sir / Madam,

This office is receiving references from the field units for issue of clarification as to whether format of Sanction Memo prescribed in Appendix- VII of POSB Manual Vol-I is applicable to all Savings Schemes accounts.

2. It is clarified that provisions regarding admissibility of interest in deceased claim cases in various Small Savings Schemes are different. The format of Sanction Memo prescribed in Appendix-VII of POSB Manual Vol-I is meant for only Savings Accounts. For issuing sanction of the deceased claim cases of other Savings Schemes accounts, the sanctioning authority should delete Para 3 and manually modify Para 2 of this sanction memo with regard to payment of interest to the extent prescribed in the rules of respective schemes.

3. This may kindly be brought to the notice of all concerned.

4. This issues with the approval of DDG (FS)

Yours faithfully,

(Kawal Jit Singh)

Assistant Superintendent Posts

(SB&CC)