Small Saving Schemes not allowed to deposit Old currency notes of Rs 500-1000

By | November 23, 2016

Small Saving Schemes not allowed to deposit Old currency notes of Rs 500-1000

Ministry of finance has conveyed vide F.No. 1/04/2016-NS, dated: 22.11.2016 that subscribers of small scheme may not be allowed to deposit old demonetised currency notes of Rs. 500 and Rs. 1000, in Small Saving Schemes.

Small Saving Schemes include Post Office Savings Account, 5-Year Post Office Recurring Deposit Account, Post Office Time Deposit Account, Post Office Monthly Income Account, Senior Citizens Savings Scheme Account, 15 year Public Provident Fund Account, Kisan Vikas Patra, National Savings Certificate (VIII issue), Sukanya Samriddhi Account etc.

Download Notification on Small Saving Schemes not allowed to deposit Old currency notes of Rs 500-1000

 

Source- F.No. 1/04/2016-NS, dated : 22.11.2016 issued by Ministry of Finance, Department of Economic Affairs (Budget Division).

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  1. Pingback: Old Bank Notes can be deposited in Post Office Saving Account | Tax Heal

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