Madam/Sir,
This is with reference to MOF orders to accept PPF/ SSA deposits for 2019-2020 till June 2020.
Post Offices may be made aware that all SSA / PPF deposits accepted from 01/04/2020 onwards will be apportioned towards current financial year only. The same is applicable for RICT / EB / MB / IPPB transactions.
We are working on a solution for accepting previous year deposits without penal fee; instructions will be shared later, once the patch is deployed in Finacle. Customers may be advised to wait, if they have to make any deposits for the previous year. If any of the customers who have already paid the minimum subscription for last year and want to deposit additional subscription (up to a maximum of 1.5 lakhs) they may also be advised to wait as they are eligible to do so till June 2020.
With Regards.
Sachin Kishore,DDG (FS)
Dak Bhawan, Sansad Marg,
New Delhi Ph 23096101
