SB ORDER NO. 12/2008

SB ORDER NO. 12/2008

No.79-8/2004-FS (Vol-V)

Government of India

Ministry of Communications & IT

Department of Posts

Dak Bhawan, Sansad Marg,

New Delhi-110001.

Date: 13.5.2008

To

All Heads of Circles/Regions

Addl. Director General, APS, New Delhi.

Subject:- Amendment in Rule 3 of SCSS Rules and regularization of SCSS accounts opened in contravention of proviso to Rule 3 sub-rule(2) of SCSS Rules i.e restriction on opening of more than one account in a calendar month in same deposit office a clarification regarding regularization of accounts already closed before 24.5.2007.

Sir / Madam,

The undersigned is directed to say that some circles were forwarding representations from the depositors of Sr. Citizen Savings Scheme Accounts regarding regularization and refund of interest deducted if any at the time of closure of their accounts found to have been opened in contravention of Proviso to Rule 3 of sub-rule (2) of SCSS Rules 2004 ( i.e opening of more than one account in same calendar month in same deposit office) before issue of amendment vide notification dated 24.5.2007.

2. The matter was referred to Min. of Finance which has now informed vide its  letter no. 15/3/2006-NS-II dated 29.4.2008 that amendment issued to provision to sub-rule (2) of Rule 3 of SCSS Rules 2004 vide MOF Notification No. GSR 390(E) dated 24.5.2007 issue from file No. 2/8/2004-NS-II is applicable to only those  accounts which were still continuing as on 24.5.2007 and the said relaxation cannot be applied to all those irregular accounts which had already been closed before that date and the depositor had withdrawn his money.

3. It is therefore requested that this may be brought to the notice of all post offices and all such cases already referred to this office may be disposed off accordingly and in future no such case needs to be referred to this office.

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

Yours faithfully,

(Raj Kumar)