DPTO DE ADMINISTRACIÓN
6. Mejoras medioambientales
Government of India
Ministry of Communications & IT Department of Posts
Dak Bhawan, Sansad Marg, New Delhi-110116. Date: 30.11.2010
To
All Heads of Circles/Regions
Addl. Director General, APS, New Delhi.
Subject:- Introduction of Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) norms for small savings schemes- fresh instructions and clarifications regarding.
Sir / Madam,
The undersigned is directed refer to this office letter of even number dated 24.8.2010 (SB Order 18/2010 )vide which revised guidelines for implementation of KYC norms under PMLA were circulated. On receipt of various references from the field units as well as Agent Associations and general public, clause (b) and (c) of Para No.1 of the Annexure ‘A’ enclosed with SB Order 18/2010 have been amended to exempt personal presence of the depositor(s)/Investor(s) at the time of opening of account/purchase of certificates. Modified clauses are as under:-
Revised Para 1/ clause (b) and (c)
(b) At the time of opening of account/ Purchase of certificates, it should be ensured that all KYC documents including photograph have either been self attested or attested by the Gazetted Officer. If the account is opened through agent or certificate are purchase through agent, the concerned agent should also attest the documents including photograph by putting dated signatures alongwith agency number. In case of Joint Accounts/investments, Joint photograph and documents of all co-depositors or investors are required to be submitted.
(c) It is the duty of Counter PA or BPM and Supervisor or SPM (in case of SO) to see that all KYC documents have attestation as per clause (b) and tally the photograph with the Photo ID. They should also tally name of the depositor(s) with name shown in the ID proof and record in witting on Account Opening Form or Purchase application as “ KYC Documents verified & attached”.
4. This may kindly brought to the notice of all post offices for strict implementation and may be ensured that this is followed scrupulously.
5. This issues with the approval of DDG(FS).
Yours faithfully,
(Kawal Jit Singh) Assistant Director (SB)
Copy to:-
1. DDG(FS)/DDG(VIG)/JS&FA/DDG(PAF/DDG(RB)) 2. Director (Tech) O/o Pr. CPMG T..N Circle.
3. Director (FS)/Director (CBS), Dak Bhawan. 4. Director of Audit (P&T), Delhi.
5. All Directors/Dy. Directors of Accounts, Postal 6. Director, Postal Staff College, Ghaziabad. 7. All Directors, Postal Training Centres.
8. Director CEPT, PTC Mysore for uploading the SB Order in Department’s Web Site.
9. A.D (Tech), SDC Chennai O/o CPMG T.N.Circle, Chennai. 10. AD /Inspection/PF/Vigilance
11. All Accounts Officers ICO(SB) 12. All recognized unions.
SB ORDER NO. 23 /2010 No.32-01/2010-SB
Government of India
Ministry of Communications & IT Department of Posts
Dak Bhawan, Sansad Marg, New Delhi-110001. Date: 13.12.2010 To
All Heads of Circles/Regions
Addl. Director General, APS, New Delhi.
Subject:- Closing of PPF(HUF) accounts on maturity- an amendment to Paragraph (9) of PPF Scheme 1968.
Sir / Madam,
The undersigned is directed to say that as per GSR 286(E) dated 13.5.2005 circulated vide SB Order 10/2004 dated 23.6.2005, only individuals can open PPF account from 13.5.2005. A further clarification was issued vide then DDG(FS) D.O.letter No. 113-10/2004-SB dated 5.9.2005 and again reiterated vide SB Order No. 20/2005 dated 14.11.2005 vide which it was conveyed that existing PPF accounts opened in the name of HUF would continue till maturity and enjoy all facilities available under earlier rules but their maturity period cannot be extended further after 13.5.2005. Therefore the present position of PPF(HUF) accounts is:-
• PPF accounts opened in the name of HUF prior to 13.5.2005 cannot be further extended after maturity and no further deposit can be accepted in such accounts after maturity.
2. Now, MOF(DEA) vide GSR 956 (E) dated 7.12.2010 ( F.No. 7/4/2010- NS-II dated 7.12.2010) has amended Paragraph 9 of PPF Scheme rules by adding a provision below Sub-paragraph (3) of this Paragraph according to which, from 7.12.2010, the position of PPF accounts opened in the name of HUF prior to 13.5.2005 will be as follows:-
• PPF accounts opened in the name of HUF prior to 13.5.2005 will be closed on maturity i.e 31st March of the 16th Financial Year from the year in which account was opened. No further interest will be admissible.
• PPF accounts opened in the name of HUF prior to 13.5.2005 but have already been matured but not yet closed, shall be closed on 31st March 2011 after which no further interest shall be admissible.
3. Copy of amendment issued by MOF(DEA) is enclosed. It is requested that this amendment should be circulated to all post office handling PPF scheme and above matter given in bullet points should be displayed on the Notice Boards of these Post Offices. It is also requested that strict instructions should be issued to all postal staff at the counters to see the passbook at the time of deposit of subscription in PPF accounts and not to accept deposits in such accounts. Any overpayment of interest if made shall be the responsibility of the counter PA and the Supervisor.
4. This issues with the approval of DDG(FS).
Yours faithfully, (Kawal Jit Singh) Assistant Director (SB) Encl:- one
Copy to:-
1. DDG(FS)/DDG(VIG)/JS&FA/DDG(PAF) 2. Director (Tech) O/o Pr. CPMG T..N Circle. 3. Director (FS)/Director (CBS), Dak Bhawan. 4. Director of Audit (P&T), Delhi.
5. All Directors/Dy. Directors of Accounts, Postal 6. Director, Postal Staff College, Ghaziabad. 7. All Directors, Postal Training Centres.
8. AD /Inspection/PF/Vigilance/Postal Accounts Section 9. A.D (Tech), SDC Chennai O/o CPMG T.N.Circle, Chennai. 10. All Accounts Officers ICO(SB)
11. All recognized unions.
12. MOF(DEA), NS-II, North Block, New Delhi 13. PS to Member (T)