Post Office MPKBY (Mahila Pradhan Khestriya Bachat Yojna) Complete Rulings
[Issued vide MOF (DEA) letter NO. F.1(1)-NS/71 dated 29.1.1972 and NSC Nagpur
letter No. 42327-78/MGC(s)(3) 81 dated 5.12.1981 and further amended from time
to time.]
PART-1
RULES OF THE SCHEME
The Scheme will be called the ‘Mahila Pradhan Kshetriya
Bachat Yojana’.
Objectives:- The objectives of the ‘Mahila Pradhan Kshetriya Bachat Yojana’ are
as under :-
To educate housewives in family budgeting.
To inculcate the habit of thrift among households and self-employed people.
To canvass for and secure investments in P.O. 5-year recurring Deposit Accounts
from small savers.
To raise resources for financing development and defence of the country.
Date of Introduction :- The Mahila Pradhan Kshetriya Bachat Yojana has come
into force with effect from the 1st April, 1972.
Scope of Agency :- The Agency will be confined to canvassing for and receiving
investments in the Post Office 5-Year Reccuring Deposit Accounts. The
Appointing Authority shall intimate to the post office to which a Mahila agent
is attached under this scheme, the fact of the appointment and the address of
the Mahila agent. The Director General Posts will issue instructions to post
offices directing them to stamp the schedules as and when presented at the post
office by the Mahila Agent.
Eligibility :-
An individual woman (hereinafter called Mahila Agent) who being a resident of
locality is desirous of being appointed as authorized Mahila Agent under this
scheme to canvass the households in that locality and is recommended for such
appointment by the District Small Savings Officer of that area.
No Central/State Government employee should be appointed as Mahila Agent.
Near relatives of the employees of Department of Posts and National Savings
Institute are not eligible for appointment as agents or renewal of their
existing agency under Mahila Pradhan Kshetriya Bachat Yojana.
Near relatives of other Central/State Government official (excluding Department
of Posts and NSI officials) may, however, be appointed as agents provided
clearance is given by the Head of Office/Department of the concerned official.
A person will be regarded as near relative of an official if the official is
the person’s wife/husband, legitimate child or step child, father/step father,
mother/step mother, brother/step brother, sister/step sister, father-in-law,
mother-in-law, brother-in-law, sister-in-law, son-in-law or daughter-in-law.
[Ministry of Finance (DEA) letters No. F.1/5/83-NS dated 3.1.1984 and No.
F.1/5/83-NS dated 16.2.1985]
Note:- An individual selected for appointment as agent should
be a person of substance and integrity having wide contacts and sufficiently
educated to transact the agency business. The agent should be major and at
least matriculate.
Important Decision :- Discontinuance of appointment of juridical persons as
SAS/MPKBY/PPF Agents :-
The responsibility for appointment of renewal of small savings agents to
promote the various small savings schemes issued by Government of India, vests
with the State Governments. Instructions have been issued by the Government of
India for appointment of agents under the Standardized Agency System, the Mahila
Pradhan Kshetriya Bachat Yojana and the PPF Agency System. The existing
instructions, inter alia, provide for the appointment of juridical persons like
registered co-operative societies, scheduled banks, registered social service
organisations, universities, gram panchayats and institutions specially
approved by the Government as agents.
Keeping in view the current strength of agents and the small savings
mobilizations, it has been decided that fresh approvals for agencies to
juridical persons may henceforth not be considered. Fresh approvals include
extensions of existing agencies held by juridical persons on expiry of their
tenure.
The above changes may be given immediate effect.
[MOF (DEA) letter No. F.2/6/2005-NS.II Dated 12.9.2005 addressed to all State/UT
Governments]
Application for appointment :-
Individual Mahila agent will apply in form No. ASLAAS-I (B) (Annexure-1)
The Appointing Authority shall inform the Mahila agent about her approval for
appointment in a form No. ASLAAS-2 (Annexure-2)
Security :-
a. A security of Rs. 100/ Rs. 500, as the case may be, shall
be furnished by the Mahila agent in the shape of a 6-Year National Savings
Certificate duly pledged to the President of India in his official capacity.
b. Security may also be given (i) in the form of Fidelity Guarantee Policy of
the value of Rs. 1000/ RS. 5000, as the case may be, or (ii) two personal
sureties, each guaranteeing to the extent of Rs. 1000/ Rs. 5000.
Note:- For handling cash at a time upto Rs. 5000, the lower amount of security
(Rs. 100) is required and for handling cash upto Rs. 10,000 at a time the
higher security (Rs. 500) will be required.
Agreement :- The Mahila agent shall execute an agreement in writing ( in form
No. ASLAAS-3) ( Annexure-3).
Certificate of Authority:- the Mahila agent shall be given a Certificate of
Authority (in for ASLAAS-4) ( Annexure-4) attaching her to one post office
only.
CLARIFICATIONS
(1) Attachment of MPKBY Agents to Post Officers :- A doubt was raised whether a
MPKBY agent can be attached with an EDBPO or EDSPO. Although rules are not
specific, it may be mentioned that the post office regards HPOs as Head Bank
and sub post officers as such banks. Branch Post Offices even though permitted
to carry out Savings Bank transactions, are doing so as an extension of the
account office, (HPO or SPO) to which they are attached. The Branch
Postmaster’s certification of postal accounts/records is not taken as final. In
other words, even if the money is deposited in RD accounts standing open in a
branch office, it would be necessary for the schedules to be certified by the
Sub-postmaster of the office to which the branch office is attached. In some
cases, branch office may be directly attached to a HPO when the schedule will
have to be certified by the Head Postmaster. It is, however, suggested that
preferably the agents should be attached only to Head/Sub Post Offices.
[NSC Nagpur letter No. Dev 1/22/1/11/83-Temp. dated 12.12.1988]
(2) Validity of certificate of authority for acceptance of RD collections by
MPKBY agent on expiry of validity period of license specified in the agreement
:- The National Savings Institute, Nagpur has advised that the post offices
should not accept deposits from MPKBY agents after expiry of the validity
period of license as specified in the agreement.
[D.G. Posts letter NO. 62-8/88-SB dated 12.12.1988]
Field of operation :- The Mahila agent shall be allowed to canvass for and
receive investment in the area specified in the Certificate of Authority.
Issue of Card to Depositors :-
With effect from 1st April, 1977 the Mahila agents will use serially numbered
card in form ASLAAS-5 (Annexure 5) for acknowledging receipt of the deposits.
The card has three foils. These cards will be supplied to Agents by the State
Government.
When a Mahila agent visits an existing or prospective depositor who wished to
deposit money :-
She will use a serially numbered card, fill in columns (1), (2), and (3) of
first foil of the card and hand over the card to the depositor.
While issuing a card to a depositor, the Mahila agent will detach and keep with
herself the third foil of the card, after completing all the blanks therein and
getting the signature of the depositor. She will serially arrange all such
foils and send them once in ten days to the District Small Savings Officer of
the State Government.
She will retain the second foil of the card for her record after filling the
entries.
If the money has been received in respect of an existing account, she will take
money and the pass book from the depositor. She will sign with date in column 3
of the card (First foil).
If the money has been received in respect of a new account, the Mahila agent
will only receive the money and the application form for opening an account.
She will sign with date in column 3 of the card (First foil).
The agent will take to the post office the money collected by her along with
the concerned pass books/application forms and deposit them with the post
office along with a schedule.
On delivery of pass book, the agent will obtain depositor’s signature in column
4 of the second foil of his card and fill other columns.
Note :- According to the existing procedure a Mahila Agent is authorized to
handle cash not exceeding Rs. 5,000 or Rs. 10,000 as the case may be, at any given
time depending upon the amount of security she has deposited. The District
Savings Officer should keep a watch on the money transactions every month with
reference to the amounts and dates written by the agent on the first foil of
cards, to ensure that the limit has not exceeded.
Handling of cash exceeding Rs. 5000 at a time by MPKBY Agent :-
a. It has been observed that the agents under the Mahila Pradhan Kshetriya
Bachat Yojana in the course of their work, sometimes handle cash exceeding Rs.
500 at a time. Payment of their commission for such occasion requires
condonation by this office leading to delay.
b. An agent may have to handle more than Rs. 5000 at a time in the following
circumstances:-
i) When she has received various smaller amounts on several days, totaling upto
more than Rs. 5000 and wants to deposit them on a single day.
ii) When the total amount of several deposits (each less than Rs. 5,000)
collected by her on a single day exceeds Rs. 5,000/-.
iii) When the total amount of several deposits collected by her exceeds RS.
5,000 (normally advance deposits in RD accounts).
c. In the first case the limit can be adhered to by the agent making deposits
more promptly in the post office. In the second case, also the agent can go to
the post office before the amount with her exceeds Rs. 5,000/- Only the third
type of case presents a difficulty. It is to be stressed that it is in the
interest of the agent herself as also of the investor and the Government that
the agents should not handle large amounts of cash. In case of a single large
deposit, it is therefore advisable for the agent, to obtain a crossed cheque
from the investor in favour of the Postmaster, rather than cash. It is also
decided that the limit of Rs. 5,000/- will apply to actual cash (i.e. currency)
and not to the amount of crossed cheques for the purpose of Rule 6 of the
M.P.K.B.Y. Rules.
d. Hereafter, it will normally not be necessary to refer any case to this
office for condoning violation of Rule 6. There would hardly by any justification
for condonation in case of the first and second type referred to in para (2)
above.
e. Incidentally, it is also to be pointed out that while the date of deposits
through cheques in R.D. accounts, is to be taken by the post office as the date
of presentation of the cheque to the post office, the entry in pass books is to
be made only when the cheque is cleared.
[N.S.C. Nagpur letter No. Dev/22-3/85 dated 23.3.1985]
12A. Handling of cash by MPKBY Agents – raising of limit from Rs. 5,000 to Rs. 10,000
:- As per the existing procedure the MPKBY Agent is authorized to handle cash
not exceeding Rs. 5,000/- at a time. There has been a persistent demand from
the MPKBY Agents that their limit may be raised to at least Rs. 10,000/- at a
time. With a view to remove the difficulties now faced by the MPKBY Agents it
has been decided to enhance the limit of handling cash by MPKBY Agents to Rs.
10,000/- at a time. However, the facility may be extended to such of those
MPKBY Agents who furnish cash security for Rs. 500/- in the shape of 6-Year
NSCs in place of present cash security for Rs. 100. Similarly, the MPKBY Agents
furnishing security in the shape of Fidelity Guarantee Policy may have to
furnish F.G. Policy of Rs. 5,000/- in place of Rs. 1,000/- as at present.
[N.S.C. Nagpur letter No. 2393-2442/Agency/23-1/87 dated 31.8.1987 circulated
under D.G. Posts letter No. 62-9/87-SB dated 22.9.1987]
Note :- The limit of Rs. 10,000 in cash to be handled at a time by the agent
does not apply to the amounts of cheques received for deposit. For deposit by
cheques there is no limit of amount to be handled at a time by the agent.
Clarification :- Handling of cash by MPKBY Agents :- We have received a
complaint that some post officers are not accepting deposits of more than
10,000/- in a day under M.P.K.B.Y. Agency.
In our circular letter No. 2393-2442/Agency/23-1/87 dated 31.8.1987 it had been
decided that MPKBY Agents cannot handle cash in respect of their depositors
beyond Rs. 10,000/- at a time. This does not mean that the agents are debarred
from depositing more than Rs. 10,000/- in a day on more than one occasion. You
are requested to kindly bring this to the notice of the concerned post offices.
[N.S.C. Nagpur letter No. 17672/Agency/23-1/87 dated 12.10.1995 circulated
under D.G. Posts letter No. 61-43/95-SB dated 12.1.1996]
Transactions through messenger :- Unauthorized person like male relatives, etc.
of a Mahila agent should not be permitted to transact business on behalf of
Mahila agent. The scheme does not envisage such agency by proxy. Only a limited
facility of the use of messenger by Mahila agents has been provided in D.G.
Posts Circular No. 61-7/73-SB dated the 30.4.1974 [See para 4 of Part V]. This
permits the nomination of messenger only for depositing monies collected by
agents with the post offices. The messenger will have to be accredited for this
purpose. No other person can act as messenger.
It has been decided that in the event of sickness, absence away from
headquarters or in other circumstances when Mahila agent cannot perform her
functions under the scheme, a messenger may be permitted to be nominated by the
agent in the same manner as is done by the SAS agent and the Director, Small
Savings of the area, on the recommendation of the District Small Savings
Officer concerned, may accredite the messenger. For this purpose, the agent
will have to execute a Supplementary Agreement in form at Annexure-6
indemnifying the Government against any loss as a result of this messenger,
transacting business with the post offices on her behalf.
[NSC Nagpur letter No. 42327-78/MGS(3)/81 dated 5.12.1981]
Note:- The form of Supplementary agreement has been taken from the book of
Executive Instructions issued by the Government of Haryana.
Commission:- With effect from 1st January, 2000 commission at the rate of 4% of
deposits shall be paid to MPKBY agents on the total investment deposited by
her.
[MOF (DEA) letter No. F. 18/5/99-NS.II dated 1.1.2000]
Author’s Note:- The agent will also be entitled to commission on deposits made
through her on accounts continued with deposits after maturity for a further
period upto maximum of 5 years under rule 10 of PORD Rules, 1981. The accounts
will be continued through the agent. There are no orders debarring the agents
from the payment of commission on such deposits made through them. The agent
will also be entitled to the commission for accounts opened in her name or in
the names of her husband or children. The SAS agents are also entitled to
commission for such transactions.
Time Limit for Transactions:- All the transactions must be handled promptly and
completed expeditiously by the Mahila agents. The maximum time allowed shall be
as follows:-
i) Deposit of money:- The money must be deposited in the post office to which
the Mahila agent is attached within five to ten days from the date of its
receipt from the investor. This is subject to further condition that the
deposits must be made in the post office by the last day of the month, in any
case.
ii) Delivery of Pass Book:- The pass book must be delivered to the investor
within ten days from the date of its receipt from the post office.
iii) Commission claim:- With effect from 1.5.2000 the commission due to the
agents will be paid by the Postmasters at source at the time depositing money
at the post offices. The Mahila agent shall prepare a schedule of deposits
(Form ASLAAS-6) (Annexure-7) in quadruplicate in serial order of account
numbers and present at the post office along with money and other documents, if
any. The agent will tender net amount of deposit by cash and gross amount of
deposit by cheque and give a receipt in form AVG-1 for the commission paid in
both the cases to be attached to the schedule. The schedule will be prepared
separately for deposits by cash and cheque.
[MOF(DEA) letter No. 18-5/99-NS.II dated 28.3.2000 and D.G. Posts letter
No. 107-16/97-SB dated 17.4.2000]
iv) For financial year 2006-07 from 1st June, 2006 ASLAAS-6 schedule will be
serially numbered by the agent under her signature. The numbering of ASLAAS-6
schedules will be X/Y/L. While X and Y will represent the month and serial
number of the schedule, L would represent the last schedule submitted in a
month. Once the letter L is used on a schedule, it would mean that the agent
would submit no more schedules in a particular month. This procedure will
enable the inspecting officer to find out if there is any discrepancy in the
serial number or any missing serially numbered list, which will the officer,
ASLAAS-6 schedules will be serially numbered from 1st April, 2007.
[D.G. Posts letter No. 111-14/2001-SB dated 25.5.2006]
Note:- Since no commission is payable on the refund of withdrawal and interest
payable thereon and default fee paid on the defaulted installments, it is essential
that the particulars of such amounts are clearly indicated in the remarks
column of the schedule so as to avoid any over payment of commission to the
agent. The post offices will verify the schedule in order to see that the
particulars of such amounts are correctly shown in the remarks column of the
schedule. The amounts of deposited towards such accounts will be deducted from
the total amount of deposits in the schedule and the commission allowed on the
net amount only.
[N.S.C. Nagpur letter No. 11866-87/AGY(3)-73 dated 10.5.1973 and D.G. Posts
letter
No. 107-16/97-SB dated 17.4.2000]
Authorities:- The various authorities under the scheme shall be as follows:-
Appointing Authority:- The Director, Small Savings of State Government of the
area concerned will be the Appointing Authority. District Collectors/ Deputy
Commissioners of the Districts under the State Government will also be the
Appointing Authorities.
Note:- From 21.11.2002 the MPKBY agents will be appointed by the respective
State Governments. They will also renew the agency of existing agents as and
when due. The Regional Director/Deputy Regional Director, National Savings
Institute will neither appoint new agents nor renew the agency of the existing
agents after this date.
[N.S.C. Nagpur letter No. 12684-712/Tech/Agency/21-2/2002 dated 21.11.2002]
Issuing Authority:- As in (a) above.
Deposit Receiving Authority:- The post office indicated in the Certificate of
Authority.
Checking Authority:- District Small Savings Officer of the area concerned.
Supervisory Authority:- Director, Small Savings And District Small Savings
Officer of the area concerned.
Paying Authority:- Director, Small Savings and District Small Savings Officer
of the area concerned.
Loss of Certificate of Authority:- In the event of loss by the Mahila agent of
the Certificate of Authority, the Mahila agent shall immediately inform the
post office concerned, the District Small Savings Officer, the local Police and
the “Appointing Authority” concerned of the loss. The loss must also be
notified in at least one local newspaper at the cost of the Mahila agent. The
Mahila agent shall also execute and indemnity bond (Annexure-8) immediately
indemnifying the Government against the loss. The stamp duty on such bond shall
be payable by the Mahila agent.
Note:- The form of Indemnity has been taken from the book of Executive
Instructions issued by the Government of Haryana.
Termination of Agency:- On termination of an agency, the Mahila agent shall
forthwith deliver to the “Checking or Appointing Authority” all monies and
papers including Certificate(s) of Authority, Cards/counterfoils of Cards,
documents and Securities which may have come into the Mahila agent’s possession
or custody under the agency.
Terms and Conditions of Agency:_ (a) The Mahila agent is expected to take
sustained interest in the agency work and to popularize the Recurring Deposits
Accounts Scheme.
(b) The Mahila agent shall ensure that the post office puts seal on the copy of
the schedule and gets back the same from the post office.
Functions of the Mahila Agent:- (i) Each Mahila agent shall maintain a personal
and constant contact with the household in the area allotted to her.
(ii) The Mahila agent shall obtain from the post office a supply of application
forms for opening of Recurring Deposit Accounts.
(iii) On receipt of the pass book from the post office, the Mahila agent shall
hand over it to the investor securing his/her securing his/her acknowledgement
(with his/her signature and date) on the card.
PART-II
INSTRUCTIONS TO APPOINTING, ISSUING, PAYING AND SUPERVISORYAUTHORITIES
FUNCTIONS
A. Appointing Authority
(i) No Central/State Government employees should be appointed as Mahila Agent.
(ii) Near relatives of Postal and NSI officials as per details given in para 5
of Part I are not to be appointed as Mahila agent.
(ii) It is necessary for the Appointing/Issuing Authority to make arrangement
for keeping the Agency documents (Applications, Agreements, Depositor's Cards,
Security Papers) in safe custody.
(iv) All applications against which appointments have been made should be
serially numbered and date wise; there should be one file separately for each
District Small Savings Officer's jurisdiction.
(v) The agreement executed by the Mahila agent should not be filed with the
application for their appointment but should be kept separately in the same
numerical sequence as the application in order to avoid the possibility of loss
of both the documents simultaneously.
(vi) Cross reference giving the page number of the application and the relevant
Agreement should be given on both these documents to facilitate the trace
thereof.
(vii) The foils of the Certificate of Authority meant for the post office
should be promptly intimated to the post office concerned also. The District
Small Savings Officer concerned should also be informed about all appointments
and terminations of Mahila agents by a letter.
B. Issuing and Paying Authorities
(i) The Depositor's Cards shall be issued by the Issuing Authority to the
Mahila Agents up to the limit which will be decided by the Issuing Authority
according to their need under intimation to the District Small Savings Officer
concerned.
(ii) Proper account of the Depositor's Cards shall be maintained in the office
of the Issuing Authority. For this purpose there shall be two Registers, viz.
Stock Register of Cards as also personal ledger account of each agent.
(iii) Immediately on termination of an agency, all Depositor's Cards,
counterfoil of cards, Certificate(s) of Authority and all connected papers,
documents, etc. must be recovered from the Mahila agent concerned promptly
through the District Small Savings Officer of the area.
(iv) According to the existing procedure, a Mahila agent is authorized to
handle cash not exceeding Rs. 5,000 or Rs. 10,000 as the case may be, at any
given time depending upon the amount of security she has deposited. The
District Small Savings Officer should keep a check on the money transactions
every month with reference to the amount and dates written by the agent on the
counterfoil of cards to ensure that the limit has not exceeded.
C. Supervisory Authorities (Deputy R.D./D.S.S.O.)
(i) The District Small Savings Officer should inspect once in a quarter the
Depositor's Cards in the possession of the Mahila agent in his/her area and put
his/her signature with date, month, and year on the Cards in token of his/her
having done so. If for special reasons, he/she fails to inspect the Cards in a
quarter, he/she should communicate the reasons o his/her Director, Small
Savings.
(ii) Any discrepancies or suspected misappropriations made by any Mahila agent
should be promptly looked into by the District Small Savings Officer and
explanation obtained and a report sent to the Director, Small Savings.
(iii) Where, prime facie, investigation shows that a misappropriation has been
committed, the matter should reported to :-
(a) Director, Small Savings of the area.
(b) Appointing Authority
(c) Local Police
(d) Any subsequent action should be vigorously followed.
PART-III
INSTRUCTIONS REGARDING PRIINTING, STOCKING AND
SUPPLY OF DEPOSITOR'S CARDS
The Mahila Agent will use a serially number card for acknowledging the receipt
of the deposit. The procedure in regard to issue of cards by an official of the
National Savings Institute to the Mahila agents/authorized workers will be as
follows:-
Issuing Authority :- The authority, under the revised procedure, competent to
issue the cards to the agents will be :-
Director, Small Savings at his headquarter town.
District Small Savings Officer, working under the Director, Small Savings.
Note:- If there are more than one District Small Savings Officer in a District,
the Director, Small Savings will nominate the Senior District Small Savings
Officer as the Issuing Authority.
Printing and supply of Cards:-
The cards as in Annexure 5 will be got printed by the National Savings
Institute and supplied to all Issuing Authorities under this scheme, viz, the
Directors, Small Savings of the State.
The Director, Small Savings also will cause a supply of cards in appropriate
quantities to be made to each agent under the MPKBY through the Issuing
Authority concerned. As the cards will now be used for new accounts, the supply
to an Issuing Authority should cover the needs of the area for the next six
months, that is to say, the number of new accounts expected to be opened in the
area during the next six months.
After the supply as aforesaid is made, the Appointing Authority shall cause a
supply of cards not exceeding 15% of the total supply made to the Issuing
Authority in a Deputy Regional Director's area to be made to the Deputy
Regional Director concerned to meet emergent demands from the Issuing
Authority(ies) in his area.
The Appointing Authority shall at all times keep in his own stock 20% of the
total number of cards supplied to all the District Small Savings Officers and
Deputy Directors, Small Savings in his area in order to meet demands for new
cards.
The Director, National Savings Institute will at all times keep with him a
stock not exceeding 25% of the total supply to be made to all Appointing
Authorities.
Each District Small Savings Officer shall be required to submit that Appointing
Authority a quarterly statement in Annexure-9 indicating the number of cards in
stock, cards issued to the Mahila agents and the number of cards likely to be
required in the next three months. If on examination of the quarterly statement
the Appointing Authority finds that the pace of the progress in the opening of
new accounts is faster in any particular area, he will take immediate action to
supply adequate stocks to that Issuing Authority (District Small Savings
Officer).
At the time of calculating his total demand for cards, the Regional Director,
National Savings, will take into consideration the number of cards required by
Mahila agent appointed by officials nominated by the State Government as
Appointing Authority under Mahila Pradhan Kshetriya Bachat Yojana.
In respect of agents, appointed by an Appointing Authority other than the
Regional Director, National Savings, the supply of cards will also be made by
the District Small Savings Officer.
Maintenance of account and cards:-
The cards will be serially numbered and it is necessary to keep an account of
every card received and issued by all Authorities concerned.
For maintaining such an account, the Appointing Authority shall open a register
in his Office in the form prescribed in Annexure-10.
The Director, Small Savings shall also open a ledger as in Annexure-11 showing
the distribution of each cards to District Small Savings Officer.
Each District Small Savings Officer shall maintain a ledger showing the
distribution of cards to Mahila agents, as in Annexure-12. One page shall be
used for each agent.
Procedure to be followed by the Issuing Authority:-
At the time of issue of these cards to the agents, the District Small Savings
Officer should impress the card and its counterfoil with his office stamp at
the top and give a running serial number to the card and its counterfoil.
The initial supply of cards to the agents will be made according to the demand
of the agents, for new accounts to be opened.
While issuing the cards the Issuing Authority (DSSO) should advise the agents
that the counterfoil should be returned immediately after opening new accounts.
This should be examined carefully by the DSSO while forwarding the claim of the
agent to the Director.
The Issuing Authority (DSSO) shall be responsible for safe custody of the blank
account cards received from the agents after serially arranging them and making
appropriate entries thereof in the stock register of the personal ledger
account of the Mahila agent.
On the basis of the information provided in the counterfoils the Issuing
Authority (DSSO) shall issue a letter to the depositor in the form given in
Annexure-13. This letter will be printed and adequate copies thereof supplied
to the Issuing Authority. The Issuing Authority will post or otherwise deliver
the letter to the depositor concerned. The letter must issue in each case of
new account. The District Small Savings Officer should record on the
counterfoil, over his signature and date, the following remarks "Letter
Issued". The counterfoil should be kept serially arranged by the DSSO concerned
in his office.
Payment of Commission:- The Mahila agents will be paid commission at the source
by the Postmasters at the time of depositing money in post office w.e.f.
1.5.2000.
General :- (1) In all other matters other than specifically mentioned in this
memorandum, the procedure already laid down for the MPKBY shall apply.
(2) According to the existing procedure, a Mahila agent is authorized to handle
cash not exceeding Rs. 5,000 to Rs. 10,000 as the case may be, at any given
time depending upon the amount of security deposited. The DSSO should keep a
check on the money transactions every month with reference to the amounts and
dated written by the agent on the counterfoils of cards to ensure that the
limit has not been exceeded.
(3) The Director, Small Savings should, during his tours, inspect the stock
book and the ledger and accounts of foils maintained by the Issuing Authority
(DSSO) and sign the stock book and ledger in token of having done so.
[NSC Nagpur letters No. 27975-28025/AGY(74)-II dated 16.8.1976 and
No. 11950-80/AGY(7)74-II dated 23.10.1977 as amended].
PART-IV
IMPORTANT ORDERS
1. Mahila Pradhan Kshetriya Bachat Yojana- Changes in procedure
(1) Detailed procedure for the operation of the Mahila Pradhan Kshetriya Bachat
Yojana has been laid down in the booklet "Mahila Pradhan Kshetriya Bachat
Yojana" and changes thereto, whenever made, are also advised to you from
time to time.
(2) In order to remove certain shortcomings in the scheme, it has been decided
to make the following changes in the scheme:-
(i) Besides individual woman, women's organizations only shall be appointed as
agents under the scheme. The reference to other institutions/organizations made
in the booklet will be deleted.
Accordingly, institutions and organizations other than those of women will not
be eligible to be appointed as agents under MPKBY. Sugarcane Unions in U.P. are
at present working as agents under the scheme with the approval of the Ministry
of Finance. It has been decided by the Ministry of Finance that Sugar Cane
Union and similar institutions should no longer be appointed as agents under
MPKBY. Such institutions may not, therefore, be appointed or reappointed as
agents under the scheme. The existing agencies of such institutions may be reviewed
and terminated as early as possible after giving them due notice in terms of
the agency agreement. Whenever possible, steps may be taken to replace these
institutions with Mahila Agents or individual or institutional agents under
SAS.
(ii) Unauthorized persons like make relatives, etc. of a Mahila agent should
not be permitted to transact business on behalf of a Mahila Agent. The scheme
does not envisage such agency by proxy, Only a limited facility of the use of
messengers by Mahila agents has been provided in D.G. Posts Circular No.
607/73-SB dated the 30th April, 1974. This permits the nomination of messengers
only for depositing monies collected by agents with the posts offices. The
messengers will have to be accredited for this purpose. No other person can act
as messenger.
It has been decided that in the event of sickness, absence away from
headquarters or in other circumstances when Mahila Agent can not perform her
functions under the Scheme a messenger may be permitted to be nominated by the agent
in the same manner as is done by the SAS Agent, and the ARD of the area on the
recommendation of the DSO concerned, may accredite the messenger.
(iii) The restrictions of appointment of close relative of NSO and Postal
officials under SAS Scheme should be made applicable to MPKBY also with
immediate effect. Accordingly:-
(a) Near relative of a non-Gazetted Postal official working in a Division
should not be appointed as agent in any area in the same Division.
(b) Near relative of a non-gazetted Postal Official who is dependent on such
official should not be appointed as agent in any area in the same State.
(c) Near relative of a gazetted Postal official should not be appointed as
agent any where in India.
(d) Near relative of a non-gazetted NSO officials, should not be appointed as
agent any where in the same State.
(e) Near relative of a gazetted NSO official should not be appointed as agent
any where in India.
Near relatives of other Central/ State Government officials (excluding Postal and
NSO officials) may, however, be appointed as agents provided clearance is given
by the Head of Office/Department of the concerned officials.
A person will be regarded as near relative of an official if the official is
the person's husband, legitimate child or step child, father/step father,
mother/step mother, brother/step brother, sister/step sister, father-in-law,
mother-in-law, brother-in-law, sister-in-law, son-in-law or daughter-in-law.
To enable the appointing authorities to scrutinize the eligibility of
applicants for MPKBY agency, the following paragraphs may be inserted in the
form of applications for such agents:-
Para 2(A):-I am not employed under the Central/State Government.
Para 2(B):- I declare that none of my relatives (i.e. my husband, legitimate
child or step child, my husband’s father, mother, sister or brother etc. as
defined above is employed under the Central/State Government. OR
I give below the particulars of my near relatives (my husband, legitimate child
or step child, my husband’s father, mother, sister or brother etc. as defined
above is employed under the Central/State Government.
Name of close relative Relationship Particulars of office where employed
I attach “No objection certificate(s) from head(s) of office/department where
the above mentioned person(s) is/are employed to the effect that there is no
objection to my taking up agency under the above said agency system.
(3) The above information will enable the Appointing Authority to screen the
applications and reject ineligible candidates for appointment as agent.
(4) Please circulate these instructions among the field officials of your
region and also take steps urgently to give effect to the changes mentioned
above. Your attention is drawn particularly to para 2(iii) above, prohibiting
appointment of near relatives of NSO and Postal officials as agent under MPKBY
in view of the changes now made. Action should be taken forthwith to terminate
the agencies of all such near relatives working as agents by giving them three
month’s notice. In other words, such agencies should be terminated latest by
31st March,1982. Further, in the event of prohibited category agencies coming
up for renewal in the meantime no renewal of such agencies should be made.
[N.S.C. Nagpur Letter No. 42327-78/MSG(3)/81 dated 5.12.1981 and MOF(DEA)
letter No. F.1/5/83-NS dated 16.2.1985]
2. Clarification regarding MPKBY Agents:-(1) Kindly refer to our letter No.
42327-78/MSG(3)/81 dated 5.12.1981 (Item 1 above).
(2) In para 2(iii) (a) it has been mentioned that near relatives of
non-gazetted Postal officials should not be appointed as agent in any area in
the same division.
(3) An agent carries on her activities only in a postal division or in an
independent gazetted post office. A person should, therefore, not be appointed
as agent if her near relative is working as a non-gazetted official in the same
postal division or independent gazette post office. There is no objection to
such an appointment if the near relative of the applicant is a non-gazetted
official in the P&T Department in any other wing of the P&T Department,
such as Telephones, telegraphs, RMS, Circle Office etc. or in a postal
division/independent gazette post office other than the one in which the
applicant intends to work as an agent.
(4) All pending and future applications as well as any pending cases may be
decided on the above basis.
3. Appointment of Agents under the Standardised Agency System and Mahila
Pradhan Kshetriya Bachat Yojna :-
(1) I am directed to invite your attention to this Ministry’s letter No.
F.1/4/81-NS dated 26.11.1981 regarding restriction on appointment of Government
servants and their near relatives as agents under the Standardized Agency
System for canvassing deposits under the Small Savings Schemes and to state
that her matter has been further considered in this Ministry. The Small Savings
Schemes are operated mostly through the post offices though their promotion and
development is the responsibility of the National Savings Organization. It is
felt that the appointment of the near relatives of employees of the Department
of Posts and National Savings Organization as small savings agent is not
desirable considering that the agents get commission on the investment made
through them. It has, therefore, been decided that hereafter near relatives of
employees of the Department of Posts and the National Savings Organization will
into be eligible for appointment as agents or for renewal of their existing
agency under the Standardized Agency Scheme. Mahila Pradhan Kshetriya Bachat
Yojana and the Public Provident Fund Agency Scheme.
(2) The cases of existing agents, who are near relatives of employees of the
Department of Posts and the National Savings Organization may also be reviewed
and the agency terminated, wherever feasible, after giving due notice as
provided in the agency agreement.
(3) The term near relatives includes wife/husband, legitimate child or step
child, father/step father, mother/step mother, brother/step brother,
sister/step sister, father-in-law, mother-in-law, brother-in-law,
sister-in-law, son-in-law or daughter-in-law.
(4) It has been decided that in the matter of appointment of agents, preference
should be given to the unemployed, particularly to the educated unemployed. Suitable
instructions may kindly be issued to all the Appointing Authorities.
[MOF (DEA) letters no. F.1/5/83-NS dated 3.1.1984 and 16.2.1985]
4. Appointment of Agents under the Standardized Agency System (SAS) and Mahila
Pradhan Kshetriya Bachat Yojana (MPKBY):-
(1) I am directed to invite your attention to this Ministry’s letter No.
F.1/5/83-NS dated 3.1.1984 (Item3) conveying the decision that near relatives
of employees of the P&T Department and National Savings Organization will
not be eligible for appointment as agents for the renewal of their existing
agencies under the Standardized Agency System (SAS). Mahila Pradhan Bachat
Yojana (MPKBY) and the Public Provident Fund Agency Scheme. It was also desired
therein that the cases of existing agents who were near relatives of employees
of P&T Department may also be reviewed and the agencies terminated wherever
feasible after giving due notice as provided in the Agency Agreement.
(2) Since then, the P&T Department has been bifurcated into two Departments
from 31.12.1984, namely, the Department of Posts and the Department of
Telecommunications. The Small Savings Schemes will hereafter be operated
through the Department of Posts. The Department of Telecommunications will not
be involved with the operation of the small savings schemes. In the
circumstances the ban will not be applicable to near relatives of employees of
the Department of Telecommunications.
[MOF(DEA) letter No. F.1/5/83 dated 16.2.1985]
5. Payment of commission claims of deceased agents under MPKBY:-(1) The
question of making provisions for nomination facility to the agents under the
Mahila Pradhan Kshetriya Bachat Yojana in respect of claims relating to payment
of commission to them on the amounts got deposited by them under the Recurring
Deposit Scheme has been under consideration of this office in consultation with
the Union Ministry of Finance, DEA. The nomination facility has already been
provided to the agents under the SAS vide the Government of India, Ministry of
Finance(DEA) letter No. F.1/13/81-NS dated 2.6.1983 addressed to the Finance
Secretaries of all State/UT Governments and endorsed to the Regional Directors,
national Savings. It has been decided to extend the same facility to the agents
under the MPKBY.
(2) For this purpose, the following clause may be added in the Agreement Form
executed by the Agents under the MPKBY.
“In the event of death of the Agent, the amount due and payable to her as
commission in terms of this Agreement, shall be payable to her nominee(s)
specified by her in Schedule ‘A’ hereunder written.
Signature of Appointing Authority Signature of agent…………..
………………………………… Name in block letters……….
………………………………… Date…………………………
Name& Designation Stamp
Date………………………
(3) The Schedule A will be in the form given below and shall be kept by the
Appointing Authority attached to the Agreement Form.
SCHEDULE A
I…………………………… the agent under this agreement hereby nominate the person(s)
mentioned below, who shall, on my death, become entitled to any amount due and
payable to me by way of commission in terms of this Agreement to the exclusion
of all other persons.
S.No.
Name of the nominee(s)
Full Address
Date of Birth of nominee, if minor
**As the nominee(s) at Serial No.(s) above, is/are minor, I appoint the
following persons(s) to receive the aforesaid amount in the event of my death
during the minority of the nominee(s).
Name of Nominee(s)
Name and address of person appointed
**(NOTE-Delete if not applicable.)
Place………… Signature…………………
Date………… (Name of Agent in full) C.A. No. and Address
Witnesses: Accepted
Signature with date…………….
Name in full…………………… Signature of Appointing
Address………………………… Authority
Signature with date………………
Name in full…………………….. (Name and designation Stamp)
Address……………………….. Date……………
(4) In respect of any agent under MPKBY whose death takes place after executing
the nomination, the amount of commission due and payable to deceased agent
shall be paid to the nominee(s) on claim being preferred by the latter along
with the death certificate in respect of the agent. In other cases, however,
the Probate of Will or letters of Administration or Succession Certificate will
be necessary to be produced by the claimant to the estate of the deceased
agent.
(5) These instructions may be brought to the notice of all Agents under the
MPKBY immediately by the respective Appointing Authorities. The latter are also
requested to comply with the requests of the Agents for the addition of the
Nomination clause in the current Agreements. The clause may be inserted in the
Agreements to be executed hereafter as an integral part of the Agreement.
[N.S.C. Nagpur letter No. Dev.1/22-4/86 dated 14.11.1986]
6. Simplification of MPKBY Agency-removal of restriction of Area of
operation:-(1) Please refer to our Circular no. 29224-43/AGY (7) 74—Pt. dated
28.7.1975 (copy enclosed) vide which area restriction in respect of MPKBY
Agency was removed n certain Metropolitan cities.
(2) We have been receiving requests from several MPKBY Agents and also from
some State Governments for removing restriction or Area of Operation in respect
of MPKBY Agents functioning in different parts of the country. This has again
come up during the discussion held in the Western Zonal Workshop held at
Gandhinagar during 6-8th August, 1987. In view of the persistent demand and
also to facilitate the MPKBY Agents to operate more freely it was decided that
he restriction in Area of Operation in all the places also should be removed
forthwith. Accordingly, the Appointing Authorities are requested to take
suitable action in modifying the Certificate of Authority in respect of all the
MPKBY Agents immediately to enable them to collect savings of the public
without any difficulty. These instructions may be brought to the notice of all
the MPKBY Agents.
[NSC Nagpur Letter No. 2443/493/Agency/23-1/87 dated 31.8.1987 circulated under
D.G. Posts letter No. 62-9/87-SB (i) dated 21.9.1987]
Copy of letter No. 29224-43/AGY (7)-Pt. dated 28.7.1975 from N.S.C. Nagpur
regarding simplification of MPKBY Agency.
(1) It was often represented by the MPKBY agents that the present limitation of
Rs. 1,000 households as the area of operation for each agent restricts their
scope of work and chance to earn more commission besides prohibiting them from
canvassing in the areas where they may have influence or contacts.
(2) The Ministry of Finance, who were approached to relax the
present limitation have now decided to liberalize the limitation of the area of
operation in respect of certain metropolitan cities. Now the MPKBY agents are
permitted to canvass anywhere within the Municipal limits of the city where and
authorized worker is functioning.
(3) This liberalization will be applicable, at present, to metropolitan cities
of Delhi, Bombay, Calcutta, Madras, Kanpur, Bangalore, Hyderabad and Ahmedabad
on an experimental basis. The liberalization in the area of operation may be
extended to other places also depending upon the actual experience gained in
the working of MPKBY under these orders.
7. Deduction for expenses on commission payable to agents appointed under the
Standardised Agency System for Government Securities and the agents of Unit
Trust of India:-
(1) The agents of Standardised Agency System and Unit Trust of India have drawn
the attention of the Board to the fact that where no detailed accounts are
maintained and the gross commission received by them does not exceed Rs.
60,000/- during the year, the benefit of an ad-hoc deduction for expenses at
the rate of 50% of the gross receipt of commission is available to the
authorized agents of Unit Trust of India and the agents of the following
securities:-
(i) National Savings Certificates II Issue (ii) National Savings Certificates
VI Issue (iii) National Savings Certificates VII Issue (iv) Social Security
Certificates (v) Post Office Time Deposits.
(2) In view of the discontinuance of some of the above certificates and the
notification of new schemes, as listed in paragraph 3 below, may be allowed the
benefit of the same ad-hoc deduction.
(3) The Board has considered these representations and has decided that the
benefit of an ad-hoc deduction at the rate of 50% of the gross receipt of
commission, when it does not exceed Rs. 60,000/- during the year, be given to
the authorized agents of Unit Trust of India and the agent of the following
securities:-
(i) National Savings Certificates (VIII Issue)
(ii) Post Office Time Deposits Accounts
(iii) Post Office Recurring Deposit Accounts.
(iv) National Savings Scheme Accounts
(v) Post Office Monthly Income Scheme Accounts
(vi)Kisan Vikas Patras
(vii) Public Provident Fund Accounts.
(viii) Senior Citizens Savings Scheme Accounts.
[Central Board of Direct Taxes Circular no. 168/6-IT (A1) dated 27.2.1991 and
15.5.1991 circulated under MOF (DEA) letter No. F.3/53/89-NSII dated 28.6.1991
and D.G. Posts letter No. 61-40/91-SB dated 28.9.1991]
(4) If the commission earned during the year exceed Rs. 60,000, no ad-hoc
deduction will be allowed and admissibility of expenditure will be considered
by the Assessing Officer as per provision of the Income Tax Act. Wherever
complete and reliable accounts of expenditure are maintained, actual
expenditure incurred can be allowed by the Assessing Officer.
[CBDT Circular No. 677 dated 28.1.1994]
8. Appointment of near relatives of EDBPM as agent under the
SAS/MPKBY Agency System-Clarification regarding:-(1) Some Postal Circles had
sought clarification about the eligibility of near relatives of EDBPM for
appointment as agents under SAS/MPKBY Agency System. The matter has been
examined in consultation with the Ministry of Finance (DEA) and it has been
clarified by the Ministry that there is no bar in appointing relatives of EDBPM
as agents under SAS. In so far as MPKBY is concerned, there is no specific
provision for appointing EDBPMs as MPKBY agents since this scheme is
specifically for women. As such their relatives cannot be appointed as MPKBY
agents.
(2) It is requested that this clarification may be brought to the notice of all
concerned in your jurisdiction for information and guidance.
[D.G. Posts letter No. 107-4/2001-SB dated 10.1.2002]
9. Renewal of Agency:-The agency granted will be valid for a period of three
years. The agent will get it renewed by submitting an application in form at
Annexure-14, 45 days in advance of the expiry of the current agency along with
agreement. The form at Annexure 14 has been obtained from the regional
Directors, National Savings Institute, Delhi who has devised it for the
facility of the agents.
9A.Acting of SAS/MPKBY/PPF agents as an agent or messenger for withdrawal of
money:- These agents cannot act as an agent or messenger of the depositor for
the purpose of withdrawal of money from his/her account in various savings
schemes.
[D.G. Posts letter No. 110-13/2004-SB dated 1.6.2007
Appointment of near relatives of EDBPM as agent under the SAS/MPKBY Agency System-Clarification regarding:-(1) Some Postal Circles had sought clarification about the eligibility of near relatives of EDBPM for appointment as agents under SAS/MPKBY Agency System. The matter has been reconsidered in the Ministry of Finance (DEA) and it has been decided not to appoint near relatives of EDBPMS as agents in view of the fact that EDBPMs are not eligible for appointment as agents under MPKBY scheme.
(2) It is requested that this clarification may be brought to
the notice of all concerned in your jurisdiction for information and guidance.
[D.G. Posts letter No. 107-4/2001-SB dated 10.1.2002]
11. Change of MPKBY Agent:-(1) Where the account has been initially opened
through an agent, the depositor may seek change of agent in the following
cases:-
1. In the case of death of the agent through whom the account was opened.
2. In case of termination of the agency/non-extension of the agency of the
agent through whom the account was opened.
3. Change of residence of the depositor either at the same station or by
transfer from one station to another.
4. A depositor who opened the account directly but now wants to avail the
services of the agent.
(2) In the above cases, request for change of agent will be
sent by the depositor to the concerned regional Director, NSO (where the
account was opened) and after the Regional Director has given his approval to
change the agent, the depositor can utilize the services of that agent. In such
cases, new agent can claim commission for subsequent deposits.
(3) the above procedure has been prescribed for change of agents in PPF
accounts by MOF(DEA) in their letters No. F1/3/89-NSII dated 31.7.1989 and
16.10.1989 and will also be applicable to such cases in R.D. accounts.
12. Stopping of appointment and renewal of agency under SAS and MPKBY agency
system by Regional Directors, N.S.O. with immediate effect:- The Ministry of Finance,
(DEA) New Delhi, have directed us vide letter No. F.2/1/2001-NS-I dated
15.11.2002, to stop appointment of agency and renewal of agency under SAS and
MPKBY Agency System with immediate effect. They have also mentioned that the
existing agency force under SAS and MPKBY should approach the concerned agency
as well as renewal of old agency, as per the prescribed rules. Henceforth, you
are directed not to issue any fresh agency or renew old agency as stated above.
However, regarding PPF agency system, the present system of appointment and
renewal will continue with NSO till further orders.
[NSC Nagpur letter No. 12684-712/tech./Agency/21-2/2002 dated 21.11.2002
addressed to all Regional Directors and Deputy Regional Directors, National
Savings Organisation (Institute)]
PART-V
PROCEDURE IN POST OFFICES
[Issued vide D.G. P&T letter No. 37-1/72-SB dated 10.3.1972 and further
amended from time to time]
The Government of India, Ministry of Finance (DEA) have introduced a scheme
“Mahila Pradhan Kshetriya Bachat Yojna” under which the Mahila agents will
collect the monthly deposits in recurring Deposit accounts from the depositors
and remit them to the post office. The salient features of the scheme may be
seen in Part-I of this Chapter. The following procedure will be followed by the
post offices.
Certificate of Authority:-The Mahila Agent will be given a Certificate of Authority (in form ASLAAS-4) by the Appointing Authority attaching her to one post office only. On receipt of the Certificate of Authority which contains specimen signature of the agent, from the Appointing Authority, it will be maintained by the Postmaster in a serially numbered guard file. The post office will verify the identity of the agent by comparison of her specimen signature in the Certificate of Authority on record in the post office with the signature given on the schedule of deposits (ASLAAS-6) by the agent.
Deposit of money:- The money collected by the agent will be deposited in the post office within five to ten days from the date of receipt from the depositor subject to the condition that the deposits must be deposited in the post office by the last day of the month in any case. The amount of deposits and pass books will be accompanied with the schedule (in form (ASLAAS-6) in quadruplicate. It should be seen that the schedule is prepared in the serial order of the account numbers. The post office shall return one copy (fourth) of schedule after putting its date stamp and filling the portion relating to certificate of post office to the Mahila agent and retain other copies. In the list of transactions only a lump entry will be made and the second copy of the schedule received will be attached to the LOT in support of the lump entry. The third copy of the schedule will be kept in the post office as office copy. The first copy of the schedule will be sent to the S.B.C.O. along with receipt ACG-17 for commission paid to the agent. Only one entry of the lump sum will be made in the long Book and RD Journal with suitable remarks. A single pay-in-slip will be prepared by the agent for the consolidated amount for all the accounts listed in a particular schedule. For entries of deposits in the H.O. ledger and the pass books and their checking by the Supervisor the normal procedure will be followed.
[D.G. Posts letter No. 107-16/97-SB dated 17.4.2000]
Numbering of Schedules:- For financial year 2006-07 from 1st June, 2006, ASLAAS-6 schedule will be serially numbered by the agent under her signature. The numbering of ASLAAS-6 schedules will be X/Y/L. While X and Y will represent the month and serial number of the schedule, L would represent the last schedule submitted in a month. Once the letter L is used on a schedule, it would mean that he agent would submit no more schedules in a particular month. This procedure will enable the inspecting officer to find out if there is any discrepancy in the serial number or any missing serially numbered list, which will the officer, and investigations can be made. From financial year 2007-08 onwards the ASLAAS-6 schedules will be serially numbered from 1st April, 2007.
[D.G. Posts letter No. 111-14/2001-SB dated 25.5.2006]
Deposit of money through messenger:- A proposal for affording a facility to the
Mahila agents appointed under the Mahila Pradhan Kshetriya bachat yojna to send
the deposits to the post office through messengers on their behalf has been
under consideration of the Government for some time past. In order to generate
more enthusiasm among Mahila agents for securing sizeable number of deposits
through such messengers, it has been decided in consultation with the Ministry
of Finance (DEA) that transactions through accredited messengers of the Mahila
agents appointed under the scheme should henceforth be entertained in the post offices.
[D.G. P&T letter no. 61-7/73-SB dated 30.4.1974]
Issue of pass books for new accounts:- In the case of new
accounts the pass books will be prepared by the post office other than E.D. sub
post office and delivered to the Mahila Agent after taking her receipt on the
office copy of the concerned schedule. The E.D. sub office which is not
authorized to issue pass books will issue Preliminary Receipt (SB-26) for each
account. On receipt of the pass book from the head office, it will be delivered
to the Mahila agent after taking her receipt on the back of the preliminary
receipt. The Mahila agent will deliver the pass book within ten days from the
date of receipt from the post office to the depositor.
Supply of forms:- The Mahila Agent shall obtain necessary forms for opening of
RD accounts for the scheme will be supplied to her by the regional Director/
Deputy Regional Director, Small Savings, of the area concerned.
Payment of commission:-The commission will be paid to the MPKBY Agents by the
post offices w.e.f. 1.5.2000 at source at the time of depositing money in the
RD accounts. The commission will be paid at the rateof 4% of the deposits
w.e.f. 1.1.2000.
Termination of agency:-When an agency is terminated or an agent dies, the
appointing authority will send intimationto the post office to which the agent
is attached. On receipt of this information necessary remark will be made in
the Certificate of Authority kept in the guard file under the dated signature
of the Postmaster.
