**Summary:**
RBI Circular RBI201718120 DGBA.GBD.178115.02.005201718, dated January 11, 2018, addresses all agency banks handling Small Saving Schemes. The circular forwards the Government of India's Office Memorandum OM No.F.No.01042016NS dated December 27, 2017, which advises the rate of interest on various small savings schemes for the fourth quarter of the financial year 2017-18. Agency banks are instructed to bring the contents of this circular to the attention of their branches operating Government Small Saving Schemes and to display the information on branch notice boards for subscribers. Inquiries can be directed to the Department of Government Bank Accounts, Central Office, 4th Floor, Byculla, Mumbai 400 008. Contact can be made via telephone at 022 23016214, 022 23001670, fax at 022 2300 8764/23009126/2301 0095 or email at pcgmdgbacorbi.org.in.
Key Entities Referenced
Agency Banks: Banks authorized to handle Small Saving Schemes on behalf of the Government of India.
Small Saving Schemes: Various savings schemes offered by the Government of India to encourage savings among citizens.
Reserve Bank of India (RBI): India's central bank, responsible for regulating the banking system and implementing government policies.
DGBA.GBD.178115.02.005201718: Reference number of the RBI circular pertaining to interest rates for Small Savings Schemes.
DGBA.GBD.95415.02.005201718: Reference number of the previous RBI circular dated October 12, 2017 related to the same subject.
Office Memorandum OM No.F.No.01042016NS: Office Memorandum from the Government of India regarding the rate of interest on small savings schemes.
December 27, 2017: Date of the Office Memorandum advising the rate of interest on various small savings schemes.
Mumbai, Maharashtra: Location of the Central Office, Department of Government Bank Accounts of RBI.
RBI/2017-18/120
DGBA.GBD.1781/15.02.005/2017-18 January 11, 2018
All Agency Banks handling Small Saving Schemes
Dear Sir
Interest rates for Small Savings Schemes
Please refer to our circular DGBA.GBD.954/15.02.005/2017-18 dated October 12, 2017
on the above subject. The Government of India, had vide their Office Memorandum
(OM) No.F.No.01/04/2016–NS dated December 27, 2017 advised the rate of interest on
various small savings schemes for the fourth quarter of the financial year 2017-18 (copy
enclosed).
2. The contents of this circular may be brought to the notice of the branches of your
bank operating Government Small Saving Schemes for necessary action. These should
also be displayed on the notice boards of your branches for information of the
subscribers to these Schemes.
Yours faithfully
(Harsha Vardhan)
Manager
Encl : as above
_______________________________________________________
सरकारी और ब�क लखे ा िवभाग, क��ीय कायालर् य, मुंबई स�� ल रेलव ेस्टेशन के सामन,े चौथी मिंजल, भायखला, मुंबई - 400 008
Department of Government & Bank Accounts, Central Office, Opp. Mumbai Central Railway Station, 4th Floor, Byculla, Mumbai - 400 008
Telephone: (022) 23016214,(022)23001670 Fax No. (022) 2300 8764/23009126/2301 0095, e-mail : pcgmdgbaco@rbi.org.in
�हदी आसान है, इसका �योग बढ़ाइए ।