Sunday, December 4, 2011

Sub: Revision of rate of commission payable to SAS and MPKBY Agents and discontinuance of Commission to PPF Agents with effect from 1.12.2011
D.G. Posts F No. 113-01/2011-SB dated 24.11.2011(S.B. Order No. 29/2011)
The undersigned is directed to convey the following decisions of the Min. of Finance (DEA) which shall be effective from 1st Day of December, 2011:-
(i) There shall be no commission payable on PPF Deposits made on or after 1.12.2011.
(ii) The revised rates of commission payable to SAS and MPKBY Agents with effect from deposits made on or after 1.12.2011shall be as follows:
Category of Agent Name of Scheme Rate of Commission
MPKBY Recurring Deposit 4 %
SAS 1 Year Time Deposit 0.5%
2 Year Time Deposit 0.5%
3 Year Time Deposit 0.5%
5 year Time Deposit 0.5%

Monthly Income Account Scheme 0.5%
5 Year NSC(VII –Issue) 0.5%
10 Year NSC(IX –Issue) 0.5%
Sr. Citizen Savings Scheme Nil

2. It is requested that this may be circulated to all post offices for information and necessary guidance.
3. This issues with the approval of Secretary Posts.

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