Interest Rates and Various Changes in SB Rulings (w.e.f. 01/12/2011)---Patch

Revision of Interest Rates and Various Changes in SB Rulings (w.e.f. 01/12/2011). The Patch can be downloaded from.

www.tamilnadupost.nic.in/sdc/sblan.html

IMPORTANT INFORMATION The patch can be executed only after day-end of 30/11/2011 It can be executed on the server or on any one of the client systems running a 32 bit Operating system in which DBAnalyzer is installed The patch does not require SQL ‘SA’ password for execution and hence can be run by any official working on systems or by the supervisor Supervisor has to ensure the execution of the patch before commencing counter operations on 01/12/2011. The patch does NOT incorporate the following points, and hence and in cases where it becomes applicable the changed rule has to be implemented manually. The maturity period for Monthly Income Scheme (MIS) and National Savings Certificate (NSC) will be reduced from 6 years to 5 years – problem will not arise at present. New NSC instrument, with maturity period of 10 years introduced is to be handled manually. The change in rate of interest in case of TD premature closure will have to be done manually till the requisite changes are made. INSTRUCTIONS FOR RUNNING THE PATCH Download the ‘MoF_RateChange.zip’, unzip and copy it to the DBAnalyzer folder Run ‘MoF_RateChange.exe’ from the DBAnalyzer folder itself. Enter the name of the SB Server and click ‘OK’. A message will be displayed for each scheme. Continue clicking on ‘OK’ until the message ‘Interest rates updation completed successfully’ is displayed. In case any other message or error code is displayed, email the error code to SDC for solution.

Marksheets for Evaluation Test:: BATCH-3

Marksheets for Evaluation Test:: BATCH-3

Names of trainees	Office attached	Paper-I		Paper-II		Total Marks scored
		Full Marks	Marks Obtained	Full Marks	Marks Obtained	Out of Full Marks 100
Md Tamiz Ali	SPM, Behali SO	50	41	50	10	51
Mr. Bhagirath Das	SPM, Borjuli SO	50	33	50	20	53
Mrs Puneswari Kalita	SPM, Kacharigaon	50	32	50	15	47
Miss Anindita Saikia	PA, Chariali MDG	50	44	50	49	93
Miss  Rimpi Basumatary	PA, Salonibari SO	50	41	50	24	65
Mir Ruhul Amin Dewan	SPM, Jamugurihat	50	37	50	45	82
Mr. Tarun Ch Deka	PA, K.P. Ghat SO	50	40	50	25	65
Abdul Aziz Choudhury	SPM, Duni SO	50	38	50	47	85

Latest SB orders and action to be taken:::

Latest SB orders and action to be taken:::

SB ORDER dt 24.11.11	SCHEME	FEATURE	EXISTING	REVISED w.e.f. 01.12.2011	REMARKS AND ACTION TO BE TAKEN
22	KVP	CERTIFICATE ISSUE	Available	Discontinued	Existing stock to be returned from SO to HO and from HO to CSD after 30.11.2011
23	NSC	PERIOD	6 year	5 year	Rubber stamp to be affixed in NSCs about new period and maturity value.
		MATURITY VALUE	Rs.160.10 for Rs.100 Dn	Rs.150.90 for Rs.100 Dn
		10 YEAR NSC IX ISSUE	Not Available	Available	Features not mentioned now.
24	PPF	MAXIMUM SUBSCRIPTION LIMIT	Rs.70,000 per annum	Rs.1,00,000 per annum
		INTEREST RATE	8 % p.a	8.6 % p.a	New interest applicable for balance at credit in account from 01.12.2011
		LOAN INTEREST	1% p.a	2% p.a	1 % p.a Int will continue for Loan taken before 30.11.11
25	MIS	PERIOD	6 year	5 year	Rubber stamp to be affixed in PB about the new features
		INTEREST RATE	8 % p.a	8.2 % p.a
		BONUS	5 % on pri.	Discontinued
26	SB	INTEREST RATE	3.5 % p.a	4% p.a	New interest applicable for balance at credit from 01.12.2011
27	TD	PMC (from 6 months to 1 year)	No interest	SB Interest	For accounts closed on or after 01.12.2011
		PMC deduction	2 % Int less	1 % Int less	Refer Rule 8 and rate table in Rule 7 of POTD rules
	1 TD	INTEREST	6.25 % Q.C.I	7.7 %   Q.C.I	Interest applicable for accounts opened on or after 01.12.11 (Q.C.I-Quarterly Compounded Interest)
	2 TD	INTEREST	6.5 %   Q.C.I	7.8 %   Q.C.I
	3 TD	INTEREST	7.25 % Q.C.I	8.0 %   Q.C.I
	5 TD	INTEREST	7.5 %   Q.C.I	8.3 %   Q.C.I
28	RD	MATURITY VALUE	Rs.728.90 for Rs.10- Dn	Rs.738.62 for Rs.10- Dn	Proportionate value for other Denominations
29	AGENT COMM	PPF	1 %	Discontinued	Applicable for deposits made on or after 01.12.11
		SCSS	0.5 %	Discontinued
		MIS,TD,NSC	1 %	0.5 %
		RD (MPKBY)	4 %	4 %

Points to remember for Cheque Deposits:

• Investment in KVP through Cheque should not be accepted w.e.f. 28.11.2011. If any cheque presented before 28.11.2011 is cleared after 30.11.2011,  the amount should be refunded to depositor. 
• After 25.11.2011 while accepting cheques for opening MIS, rubber stamp should be affixed on counterfoil “No Bonus shall be payable if cheque is credited to Govt. Account after 30.11.2011 
• Rate of interests applicable according to the Date of Clearance of cheque.