Commission for Agents in Small Savings
SMALL SAVINGS
DEPARTMENT –COMMISSIONER OF SMALL SAVINGS – AGENT INCENTIVES – DISCONTINUATION
- ORDERS - ISSUED. FINANCE (ADMN.IV) DEPARTMENT G.O.Rt.No. 3684 Dated: 24 . 08.2012 Read the following: Notification No. F1/12/2011-NS-II Dt.
25.11.2011 of Government of India.
In the ref. read
above, the Government of India ordered that the authorized
Standardised
Agency System (SAS) and Mahila Pradhan Kshetriya Bachat Yojana (MPKBY) agents
for canvassing/ securing investments in the small savings schemes as per the
terms of agreements executed by them under the Standardized Agency System (SAS)
and Mahila Pradhan Kshetriya Bachat Yojana (MPKBY) will be paid commission at
the rate indicated below with effect from 01.12.2011.
1. (A) Mahila
Pradhan Kshetriya Bachat Yojana (MPKBY)
(i) Five year Recurring
Deposit Account 4%
(B) Standardised Agency System (SAS)
(i) One year Time Deposit
0.5%
(ii) Two Year and Three year
time Deposit 0.5%
(iii) Five year Time Deposit
0.5%
(iv) Monthly Income Account
Scheme 0.5%
(v) Five/Six year National
Savings Certificate (VIII-Issue) 0.5%
(vi) Ten year National Savings Certificate
(IX- Issue) 0.5%
2. Payment of
Commission of Public Provident Scheme (1%) and Senior Citizens Savings Scheme
(0.5%) has been discontinued. It has also been ordered that incentives, if any
paid by State Government shall be reduced from the commission paid by Central
Government. Thus any incentive
payment made in
this year by State Government will not result in an additional incentive to the
agents.
3. Accordingly,
Government, after careful examination hereby order that the payment of all incentives
to Agents of Small Savings from State Government budget be discontinued with
effect from 1-4-2012.
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