w.e.f 15.12.2017 as per SB order 15/2017

w.e.f 15.12.2017 as per SB order 15/2017

1.On closure of any account either on maturity or on premature (other than SB account), the closure amount shall be paid only by credit into a SB Account from 15.12.2017

2. Interest in respect of all MIS/SCSS and TD accounts shall also be paid only by credit into SB Account from 15.12.2017

3.No Postmaster Cheque should be issued against any closed account/certificate and if any depositor attends post office for closing of any account not having linked SB Account by that date, a *BASIC SAVINGS ACCOUNT* should be opened under this same ClF on the same day without asking for separate *ACCOUNT OPENING FORM (AOF)* by selecting *_SBBAS_* as scheme code.

and account should be closed and closure proceed should be credited to that SB account.