Extension of Public Provident Fund (PPF) Scheme up to Post Offices with sanctioned strength of 1+1 (double handed Post Office) –reg.
SB ORDER NO. 01/2015
Government of India
Ministry of Communications & IT
Department of Posts
Dak Bhawan, Sansad Marg,
New Delhi – 110001,
Dated : 09.01.2015
All Heads of Circles/Regions
Addl Director General, APS, New Delhi.
Subject :- Extension of Public Provident Fund (PPF) Scheme up to Post Offices with sanctioned strength of 1+1 (double handed Post Office) –reg.
Sir / Madam,
The references have been received in this office from time to time to expand PPF scheme to all departmental Post Offices across the country. The matter was examined and it has been decided to expand the operation of PPF scheme up to double handed Post Offices.
2. Expanding the PPF Scheme up to double handed Post Offices will provide a very convenient facility/service to large section of population in their nearby locations, in smaller places/semi urban areas/ rural areas. By extending PPF Scheme up to double handed Post Offices; the Department will be in a position to add 6000 plus locations for the scheme, thereby benefitting the investors.
3. As regards supervising the work of double handed Post Offices, it may be ensured to post senior official as SPM.
4. Necessary amendment in the Inspection Questionnaire of Sub Post Offices will be issued by the concerned branch of Directorate to avoid the possibility of any fraud in PPR accounts on extending the Scheme to double handed Post Offices.
5. It is requested to circulate these instructions to all the field units immediately. Appropriate publicity needs to be given for awareness of members of public that PPF Acount facility is now available in all Post Offices up to double handed. Each double handed post office may display notice to this effect to open maximum PPF Accounts by 31st March, 2015.
This issues with the approval of Secretary Posts.
Assistant Director General (FS-I)