Tuesday, April 28, 2015

UNCLAIMED AMOUNT UNDER VARIOUS POSTAL SAVINGS SCHEMES


GOVERNMENT OF INDIA
MINISTRY OF COMMUNICATIONS AND INFORMATION TECHNOLOGY
DEPARTMENT OF POSTS
RAJYA SABHA
UNSTARRED QUESTION NO.179
TO BE ANSWERED ON 24TH APRIL, 2015
UNCLAIMED AMOUNT UNDER VARIOUS POSTAL SAVINGS SCHEMES
179. SHRI D. RAJA:
Will the Minister of COMMUNICATIONS AND INFORMATION TECHNOLOGY be pleased to state:
(a) whether thousands of crores of rupees are held up in post offices as unclaimed amount in the post office savings, Public Provident Fund accounts etc.;
(b) if so, the details under various schemes and the main reasons therefor;
(c) whether the main reason therefor is name of nominee not given at the time of opening the account and hassles of completing other court procedures for claiming the amount by the dependents of the deceased account holders; and
(d) if so, the measures proposed to be taken to make the procedure to claim the amount by genuine dependents hassle-free?
ANSWER
THE MINISTER OF COMMUNICATIONS AND INFORMATION TECHNOLOGY
(SHRI RAVI SHANKAR PRASAD)

(a) Yes Sir.
(b) Scheme-wise figures are given in Annexure. Main reason for unclaimed amount is non withdrawal of money by depositors after maturity of their investment in Small Savings Schemes, discontinued long back.
(c) No Sir.
(d) Does not arise in view of (c) above.
Scheme – wise details of unclaimed amount in Post Office Savings Bank
S. No.
Scheme
Amount in Rs. crores
1
Mahila Samriddhi Yojna
3.10
2
Fixed Deposit
24.20
3
15 year Cumulative Time Deposit
12.54
4
Indira Vikas Patra
894.59
5
National Development Bonds
0.18
6
National Defence Certificate
0.22
7
10 years National Defence Deposit Certificate
0.54
8
10 years National Plan Savings Certificate
0.31
9
5 years National Savings Certificate
60.02
10
National Savings Certificate (III)
1.13
11
National Savings Certificate (IV)
3.78

Total
1000.61

Sunday, April 26, 2015

MARCH TO PARLIAMENT

DELHI  CHALO !
28TH APRIL 2015
FIVE LAKHS CENTRAL GOVT. EMPLOYEES MARCH TO PARLIAMENT. 
CLARION CALL OF JCM NATIONAL COUNCIL STAFF SIDE
FOR SETTLEMENT OF TEN POINTS CHARTER OF DEMANDS.
INDEFINITE STRIKE IF DEMANDS ARE NOT SETTLED BY GOVT.
RAILWAY FEDERATIONS, DEFENCE FEDERATIONS AND CONFEDERATION OF CENTRAL GOVT. EMPLOYEES AND WORKERS WILL SPEARHEAD THE NATIONWIDE STRUGGLE.
______________________________________________________
ALL AFFILIATES OF CONFEDERATION AND ALL STATE COMMITTEES (C-O-CS) ARE ONCE AGAIN REQUESTED TO ENSURE MAXIMUM PARTICIPATION OF EMPLOYEES IN THE RALLY AS PER QUOTA ALREADY FIXED AND CIRCULATED.  PLEASE BRING FLAGS, BANNERS AND PLAYCARDS ALSO.
______________________________________________________
COME IN THOUSANDS TO MAKE THE RALLY THE BIGGEST RALLY IN THE HISTORY OF CENTRAL GOVT. EMPLOYEES.  LET US DEMONSTRATE THE ANGER, PROTEST AND DETERMINATION OF THIRTY LAKHS CENTRAL GOVT. EMPLOYEES IN FRONT OF NARENDRA MODI GOVERNMENT.

M. KRISHNAN
SECRETARY GENERAL
CONFEDERATION OF CGE&W

Tuesday, April 7, 2015

Wednesday, April 1, 2015

GOVERNMENT ANNOUNCES INTEREST RATES FOR VARIOUS SMALL SAVINGS SCHEMES; RATES TO COME INTO FORCE WITH EFFECT FROM 01-04-2015


It was decided by the Government of India that interest rates on Small savings Schemes will be linked to yields on government securities of comparable maturity. In pursuance of that decision, the Government has decided to revise the rates applicable on various small savings schemes as given in the table below.
     Scheme
Rate of interest
w.e.f.01.04.2014
Rate of Interest
w.e.f. 01.04.2015
(1)
(2)
(3)
 Savings Deposit
4.0
4.0
 1 Year Time Deposit
8.4
8.4
 2 Year Time Deposit
8.4
8.4
 3 Year Time Deposit
8.4
8.4
 5 Year Time Deposit
8.5
8.5
 5 Year Recurring Deposit
8.4
8.4
 5 Year SCSS
9.2
9.3
 5 Year MIS
8.4
8.4
 5 Year NSC
8.5
8.5
 10 Year NSC
8.8
8.8
 PPF
8.7
8.7
Kisan Vikas Patra
8.7
8.7
Sukanya Samriddhi Account Scheme
9.1
9.2
The above rates will be effective from tomorrow i.e. 1.4.2015.
Thus the rates on many of the small savings scheme have undergone an upwards revision vis-à-vis 2014-15.