Key Notes on SB Order 13/2019 || Dated 17.12.2019

Post Office Savings Account (POSA)

Minimum Deposit : Rs. 500
Maximum Deposit : No Limit
Subsequent Deposit : Rs. 10 (In Multiple Of )
Minimum Balance To Be Maintain In Saving Account With Rs. 500

Sukanya Samriddhi Account (SSA)

Minimum Deposit : Rs. 250
Maximum Deposit : Rs. 1,50,000 ( In F.Y. )
Subsequent Deposit : Rs. 50 (In Multiple Of )

Public Provided Fund (PPF)

Minimum Deposit : Rs. 500
Maximum Deposit : Rs. 1,50,000 ( In F.Y. )
Subsequent Deposit : Rs. 50 (In Multiple Of )
Senior Citizens Savings Scheme (SCSS)
Minimum Deposit : Rs. 1000 (In Multiple Of Rs. 1000 )
Maximum Deposit : Rs. 15,00,000 ( In Account )
Subsequent Deposit : No Such Provision

Monthly Income Scheme (MIS)

Minimum Deposit : Rs. 1000 (In Multiple Of Rs. 1000 )
Maximum Deposit :
For Single Account : Rs. 4,50,000
For Joint Account : Rs. 9,00,000
Subsequent Deposit : No Such Provision

Recurring Deposit Account (RD)

Minimum Deposit : Rs. 100
Maximum Deposit : No Limit
Subsequent Deposit : Rs. 10

Time Deposit Account (TD)

Minimum Deposit : Rs. 1000 (In Multiple Of Rs. 1000 )
Maximum Deposit : No Limit
Subsequent Deposit : No Such Provision
National Savings Certificates (NSC)
Minimum Deposit : Rs. 1000 (In Multiple Of Rs. 1000 )
Maximum Deposit : No Limit
Subsequent Deposit : No Such Provision

Kisan Vikas Patra (KVP)

Minimum Deposit : Rs. 1000 (In Multiple Of Rs. 1000 )
Maximum Deposit : No Limit
Subsequent Deposit : No Such Provision

Accordingly the following prominent changes have been configured in Finacle.

SSA Subsequent deposits to be in multiples of Rs.50
SSA IBB date range will be 5th to end of the month
MIS Minimum deposit will be 1000 and in multiples of 1000
TD Minimum deposit will be 1000 and in multiples of 100
NSC/KVP Minimum deposit will be 1000 and in multiples of 1000
RD Minimum deposit will 100 and in multiples of Rs. 10
PPF Subsequent deposits in multiples of 50

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

You might also like
Leave A Reply

Your email address will not be published.

error: Content is protected !!