Remuneration payable to Department of Posts (DoP) for Savings Bank and Savings Certificates work

F.No.9/4/2024-NS

Government of India

Ministry of Finance

Department of Economic Affairs

(Budget Division)

OFFICE MEMORANDUM

Subject: RE 2024-25 and BE 2025-26 in respect of remuneration payable to Department of Posts (DoP) for Savings Bank and Savings Certificates work – reg.

The undersigned is directed to convey the approved RE 2024-25 and BE 2025-26 in respect of Major Head: 8008-03-101-Payment of Remuneration to Department of Posts for management of Savings Bank and Savings Certificates work as under:

 

Financial Year	Amount (£) in crore
BE 2024-25	6708.15
RE 2024-25	6676.39
BE 2025-26	6937.11

2. The estimates have been calculated on the basis of the projected number of accounts / certificates provided by DoP by applying the following rates per account / certificate issued / discharged which are approved for the current financial year as well as the next financial year:

 

Sr. No.	Item / Category	Rate per unit (£)
1	Savings Deposits	219.23
2	Savings Certificates (NSC, KVP)	73.92
3	Indira Vikas Patra	19.59
4	Silent Accounts	35.61

3. Further, the DoP is directed to inform this Department, the actual amount charged on NSSF as agency commission based on the above-mentioned rates.

4. This issues with the approval of the Competent Authority.

(Deepak Singh)
Deputy Director (Budget)

To,
Dy. Director General (PAF)
Department of Posts
Dak Bhawan, Sansad Marg
New Delhi – 110 001.

Copy to:

1. Dy. Director General (FS), Department of Posts, Dak Bhawan, New Delhi.
2. Chief Controller of Accounts, Department of Economic Affairs, Ministry of Finance, New Delhi.