S B ORDER NO. 14 / 2011 : Clarification on opening of more than one account in the same scheme in the name of same depositor or acceptance of more than one purchase application of the same scheme in the name of same depositor in one post office on a single day :

S B ORDER NO. 14 / 2011

No. 116 – 35 / 2009 – SB

Government of India

Ministry of Communication & I T

Department of Posts

Dak Bhawan. Sansad marg

New Delhi – 110 116

Dated : 05.08.2011

To

All heads of Circles / Regions

Addl Director general. APS, New Delhi

Subject: Restriction on opening of more than one account in the same scheme in the name of same depositor or acceptance of more than one purchase application of the same scheme in the name of same depositor in one post office on a single day- a further clarification.

Sir / Madam,

                The undersigned is directed to refer to this office letter of even number dated 30.06.2011 (S.B. Order No. 11/2011) on the subject and to say that this order was issued on receipt of complaints in this office as well as Min. of Finance (DEA) regarding deliberate splitting of amount to increase number of accounts. On receipt of various representations the matter has been re-examined and it has been decided to withdraw the restrictions. However, it is requested that deliberate splitting of cash at the time of opening of account/purchase of certificate may be avoided.

2.             This issue with the approval of DDG (FS)

Yours faithfully,

Sd/-

( Kawal Jit Singh )

Assistant Director ( SB )