Rates of small savings schemes - PIB

The revised Rates of Interest on various Small Savings Schemes Including Saving Deposits, Public Provident Fund, Kisan Vikas Patra and Sukanya Samriddhi Accounts Scheme for the 4th Quarter of financial year 2017-18 is as below:

Instrument Rate of interest w.e.f. 01.01.2018 to 31.03.2018
Savings Deposit 4.0
1 Year Time Deposit 6.6
2 Year Time Deposit 6.7
3 Year Time Deposit 6.9
5 Year Time Deposit 7.4
5 Year Recurring Deposit 6.9
5 Year Senior Citizen Savings Scheme 8.3
5 Year Monthly Income Account 7.3
5 Year National Savings Certificate 7.6
Public Provident Fund Scheme 7.6
Kisan Vikas Patra 7.3 (will mature in 118 months)
Sukanya Samriddhi Account Scheme 8.1
This was stated by Shri Shiv Pratap Shukla, Minister of State for Finance in written reply to a question in Rajya Sabha. 

India Post ATM cash management - Reconciliation of transactions and audit report

DO No. 25-06/2015-FS-CBS (Pt-2) dated 21.03.2018
This is regarding ATM Cash Management which includes the reconciliation of ATM transactions by FSI Vendor and submission of cash audit reports by Circles
2. It has been reported by circles that there is difference to cash as per Finacle cash balance and as per ATM Machines. In this context, I request you to kindly issue following instructions to all concerned.
  • DOP official of ATM site should accompany CRA for each cash loading, get the physical cash checked and compare with ATM cash count. Difference if any should b reported to Nation ATM Unit, Bangalore in the prescribed proforma

  • Surprise cash check by Inspecting Officers should also be done at ATM Locations
  • Physical cash balance of ATMs should be checked by CRA with coordination with the Postmaster of sites where suspected frauds have happened and report the issue to National ATM Unit for further action along with the amount involved.

CSI Tool for verifying data with DOP Finacle and McCamish Report

Import Data Page:

Goto Data Import Page >  Select cell A1 > Click on Data Tab > Click on Refresh All > Find and Select the SAP File (.txt) exported from CSI Utility Tool then click on Import 
  • Now Report is ready for view
Click below link to Download
Thanks to
Shri. Manoj Raha

Completion of End of Year (EOY) activities for the year 2017-18

This is regarding smooth completion of End of Year (EOY) activities for the year 2017-18. Usually, the agent transactions increased at post office counters during the mid-month and month-end period. This month is the last month of the current Financial Year which brings in more customers and more work for post office staff / operations.

Since this year 29-March and 30-March are Holidays for all Circles, we may see some load/ pressure (owing to Agents and FY end activities) on Saturday 31-March and post office staff maybe extending into late hours of the day. This will delay the EOY start in most of the post offices.

Therefore, it is requested to direct all CBS post offices to put a notice at public hall of the post offices informing the general public about the DOP holidays so that customers/agents can be advised to visit the branches and complete their planned activities as much possible by 28-March itself.

With Regards.
Sachin Kishore,
Dak Bhawan,
Sansad Marg,
New Delhi

Procedure for verification of accounts before end of year for interest calculation in DOP Finacle

Enter SOL id
Enter Table short name as 'GAM'
Give two blank spaces in Ref no Files
Enter function code as -'M'
Enter General ledger subhead code - 
Select authorised option as 'not authorised'
then click on GO
  • System will show unverified accounts if is there any pending accounts kindly verify 
  • General subhead codes
SB-30001 & 30002
SSA -30042
A=account Opening verification pending. 
Z =closure verification pending M=modification verification pending.

Verification of Pending of Account Modification / CIF Merger in DOP Finacle

This is regarding the VERIFICATION which are pending as part of ACCOUNT MODIFCATIONS/CIF MERGERS in various schemes . This is mandatory for posting of INTEREST during this EOY operations.
Please circulate the following instructions to POs immediately

SOLs have to clear the pending verifications of account modifications / CIF mergers done in SB / PPF / SSA accounts before interest posting operations are commenced for this financial year on 31/03/2018. For SCSS accounts, verifications should be completed before 28/03/2018 as interest for the current quarter will be posted during the EOD of 28/03/2018.

SOLs can use HAFI menu to check unverified accounts and complete the verifications. As CIF merger has taken place for a large number of accounts due to Aadhaar linking, verifications may be left pending in HCCA also in addition to CASBAM/CPPFAM/CSCAM menus. So, the SOL users have to use the relevant menu for verification.

Please revert in case of any issues/clarifications on the above.

Thanks and Regards
Gopinath S
Inspector Posts

SB Order No.03/2018 : Prevention of Frauds