Relaxation provisions in small savings schemes of post office

An order has been issued by the Postal Directorate on relaxation provisions in the small savings schemes of the post office.

Postal Directorate has been decided to further extend the various relaxations up to 31.07.2020 in the statutory provisions of the small savings schemes in view of the ongoing COVID-19 pandemic situation.

Details of the relaxation provisions on the small savings schemes of the post office

The subscriber of the RD account may deposit the installment of March, April, May, and June 2020 in their RD account till 31.07.2020 and no revival fee shall be charged.

If the account is to be continued as per paragraph 7 (2) of the RD scheme, 1981 or paragraph 6 (2) of the RD scheme, 2019, the same be done by the deposited till 30.07.2020 by submitting the pending monthly installments.
In such a case, no default fee shall be charged for the period of March, April, May and June 2020.

The subscribers of the RD account, who could not be deposited the advance installments to get the benefit of rebate during the lockdown period the same up to 31.07.2020. The rebate admissible as per the scheme provisions will be available at the time of deposit of advance installments.

The subscriber of PPF and SCSS accounts may submit the prescribed form for an extension, whose deadline for submitting the extension form is due in lockdown with one year grace period after maturity, through registered e-mail id by 31.07.2020 and original copy of the same shall be submitted to the concerned operating agency once the lockdown is completely lifted.

No transfer fee shall be charged in case of transfer of account from one account office to another till 31.07.2020 for the purpose of the maturity of an account.

Sukanya Samriddhi Account may be opened in the name of the girl child on or before 31.07.2020 who has attained the age of ten years during the period of lockdown i.e. 25.03.2020 to 30.06.2020.

PPF/SSA subscribers may make a single deposit each in the account(s) opened in his own name and or account(s) in the name of a minor(s), as the case may be for the financial year 2019-20 till 31.07.2020 subject to the condition of maximum deposit ceilings prescribed in the PPF/SSA scheme provisions and other conditions as mentioned in MoF's letter no. 14/6/2020-NS dated 11.04.2020