Monday, June 26, 2023

Clarification on continuation of SSA Accounts by NRI


 

File No. FS-10/17/2020-FS-Part(1) 

Govt. of India

Ministry of Communications 

Department of Posts

(F.S. Division)

Dak Bhawan, New Delhi - 110001

Dated: 28.12.2022

To

The Chief Postmaster General

Karnataka Circle

Bengaluru-560001.

 

Subject: Clarification on continuation of SSA Accounts by NRI - Reg. Reference: Lr. No. FS-POSB002(07)/1/2022 dated 13.12.2022.

 

In the reference cited above, it has been requested by Karnataka Circle to issue instructions on:

 

(a). Continuation of the SSA account after the account holder/guardian turn NRI and

 

(b). Provision for withdrawal from SSA accounts, in case the account holder is going abroad for higher studies.

 

2. In this connection, it is clarified that if the account holder or guardian or both becomes NRI subsequently after opening the account under National (Small) Savings Schemes including Sukanya Samriddhi Account in accordance with the provisions in Rules 4 (3) of Government Savings Promotion General Rules 2018 and accordingly, SSA account shall be operated till its maturity under the provisions of SSA Scheme 2019 if the account holder / guardian turn NRI.

 

This is issued with the approval of the Competent Authority.

 

Signed by Vijayan Tc

Date: 28-12-2022 16:05:27

Reason: Approved

(TC VIJAYAN) Asst. Director (SB-I)

 

Copy to:

1. All the Head of Circles other than Karnataka Circle, for kind information and further necessary actions at Circle level.