Wednesday, November 23, 2016




 GDS COMMITTEE REPORT IS EXPECTED TO BE SUBMITTED TO THE SECRETARY POSTS BY 24thNOVEMBER-2016.
Don’t allow to deposit old currency note of Rs 500 and RS 1000 in Small Savings Schemes. 
F.No.1/042016-NS
Ministry of Finance Department of Economic Affairs (Budget Divisional) North Block, New Delhi 
Dated 22nd November 2016

To
1.      The Chief General Manager Reserve Bank of India Department of Government & Bank Accounts Central Office,
2.      Byculla Office Accounts 4th floor, Opposite Mumbai Central Railway Station Byculla, Mumbai - 4000082.
3.      The Deputy Director General (FS) Department of Posts Dak Bhawan, Sansad Marg,         New Delhi.
4.      The Joint Director & HOD National Savings Institute ICCW Building 
5.      Deen Dayal Upadhyay Marg New Delhi-110003

Subject: Deposit of old demonetized notes of 500 and 1000 in Small Savings Scheme 

Sir,
I am directed to state that Ministry of Finance has received references from Banks whether currency notes of Rs.500 and Rs.1000, discontinued w.e.f.9.11.2016, can be deposited in accounts opened under small savings schemes. The matter was examined in this Ministry and it has been decided that subscribers of Small Savings Scheme may not be allowed to deposit old currency note of Rs.500 and Rs.1000, in Small Savings Schemes.
2. This may be compiled strictly.
3. This has the approval of Secretary (Economic Affaris).

Yours faithfully,

 sd/- (Padam Singh) Regional Director(Sr.)