SB ORDER NO. 16 /2007

SB ORDER NO. 16 /2007

No.110-02/2007-SB

Government of India

Ministry of Communications & IT

Department of Posts

Dak Bhawan, Sansad Marg,

New Delhi-110001,Dated: 23.11.2007

To

All Heads of Circles/Regions

Addl. Director General, APS, New Delhi.

Subject:- Regularization of MIS accounts opened with minimum deposit of Rs.1000/- after 1.8.2007up to date of receipt of amendment in MIA Rules 1987.

Sir / Madam,

The undersigned is directed to refer to this office letter No. 110-1/2006-FS (SB Order 12/2006) dated 13.8.2007vide which it was conveyed that MOF has amended Rule 4and 5(1) of MIA Rules from 1.8.2007. As per amended rules, the MIS account is to be opened only in multiple of Rs.1500/- instead of Rs. 1000/- from 1.8.2007.

2. It has been brought to the notice of this office by some circles that in some post offices accounts in multiple of Rs.1000/- have been opened in between 1.8.2007 and the date of receipt of this office SB Order dated 13.8.2007 and these may be regularized.

3. The matter was referred to Min. of Finance and it has now been decided by the Min. of Finance vide letter No.2/17/2007-NS-II dated 19.11.2007 to regularize all MIS accounts opened with the deposit of Rs.1000/- or in multiple thereof from 1.8.2007 till the date of receipt of notification.

4. It is requested that all such accounts if found opened any due to late receipt of notification may be treated as regularized and usual interest may be paid to the depositors as admissible under the MIA Rules 1987. This may be brought to the notice of all the sub and head post offices for information, guidance and necessary action.

Yours faithfully,

(Kawal Jit Singh)

Assistant Superintendent Posts

(SB&CC)