{"id":15153,"date":"2023-07-11T17:11:13","date_gmt":"2023-07-11T17:11:13","guid":{"rendered":"https:\/\/www.mysarkarinaukri.com\/en\/?p=15153"},"modified":"2023-07-11T17:11:13","modified_gmt":"2023-07-11T17:11:13","slug":"changes-in-monthly-account-balance-calculation-for-post-office-savings-account","status":"publish","type":"post","link":"https:\/\/www.mysarkarinaukri.com\/en\/changes-in-monthly-account-balance-calculation-for-post-office-savings-account\/","title":{"rendered":"Changes in Monthly Account Balance Calculation for Post Office Savings Account"},"content":{"rendered":"\n

The Ministry of Finance, Department of Economic Affairs, has issued a notification in New Delhi on July 3, 2023, introducing an amendment to the Post Office Savings Account Scheme, 2019. The amendment is made under the powers conferred by section 3A of the Government Savings Promotion Act, 1873.<\/p>\n\n\n\n

Post Office Savings Account (Amendment) Scheme, 2023<\/h2>\n\n\n\n

MINISTRY OF FINANCE
(Department of Economic Affairs)<\/strong><\/p>\n\n\n\n

NOTIFICATION
New Delhi<\/a>, the 3rd July 2023<\/strong><\/p>\n\n\n\n

G.S.R 489(E).-In exercise of the powers conferred by section 3A of the Government Savings Promotion Act, 1873 (5S of 1873), the Central Government hereby makes the following Scheme, further to amend the Post Office Savings Account Scheme, 2019, namely:-<\/p>\n\n\n\n

    \n
  1. Short title and commencement. \u2013 (1) This Scheme may be called the Post Office Savings Account (Amendment) Scheme, 2023.<\/li>\n<\/ol>\n\n\n\n

    (2) It shall come into force on the date of its publication in the Official Gazette.<\/p>\n\n\n\n

      \n
    1. In the Post Office Savings Account Scheme, 2019 (hereinafter referred to as the \u201cprincipal scheme\u2019\u2019), in paragraph 3, in sub-paragraph (1), in clause (b), for the words \u201ctwo adults jointly\u201d, the words \u201cupto a maximum of three adults in joint names\u201d shall be substituted.<\/li>\n\n\n\n
    2. In the principal scheme, in paragraph 4, for sub-paragraph (3), the following shall be substituted, namely:-<\/li>\n<\/ol>\n\n\n\n

      (3) Withdrawals from the account for not less than fifty rupees may be made by presenting passbook along with application for loan or withdrawal in Form-3 of the Government Savings Promotion General Rules, 2018 duly filled in and signed. Withdrawals from the account may also be made subject to the availability of balance above minimum prescribed limit by way of cheque or electronic means.\u201d .<\/p>\n\n\n\n

        \n
      1. In the principal scheme, in paragraph 5, in sub-paragraph (5), for the words \u201cin the end of the month\u201d, the words \u201ctill the end of the month\u201d shall be substituted.<\/li>\n<\/ol>\n\n\n\n

        [F. No. 1\/4\/2023-NS]<\/strong><\/p>\n\n\n\n

        ASHISH VACHHANIT, Addl. Secy.<\/strong><\/p>\n\n\n\n

        Source<\/a><\/p>\n\n\n\n

        PDF Link<\/a><\/p>\n\n\n\n