Change in procedure on issue/discharge of KVPs and NSCs: SB Order 06/2016

Change in procedure on issue/discharge of Kisan Vikas Patras (KVPs) and National Saving Certificates (NSCs)
S.B. Order 06/2016
F.No. 32-01/2016-SB
Government of India
Ministry of Communication
Department of Posts
(F.S. Division)
Dak Bhawan, New Delhi
Dated :- 21.01.2019
All Head of Circles,
Addl. Director General, APS, New Delhi

Subject:- Change in procedure on issue/discharge of Kisan Vikas Patras (KVPs) and National Saving Certificates (NSCs).

It has come to the notice of this directorate that the orders on the aforesaid subject issued vide the ADDENDUM to SB Order no. 06/2016 (vide this office letter of even no. dated 28.04.2017) were not being followed properly by the Circles. In some Circles the return were neither sent to the AO-ICO nor to the DAP and this important work had almost come to a halt on one pretext or the other. The ground reality is that neither the procedure prescribed in the ADDENDUM was followed nor any type of checking was done.
Seeing the gravity of the situation, the following orders are being issued with the approval of the competent authority to be followed with immediate effect:-
  1. As regards the issue & discharge of NSCs/KVPs issued on or after 01.07.2016, the consolidation and vouchures of HO & SOs should be transferred to the SBCO of the HPO concerned. The SBCO Branch will take further necessary action for proper checking, similar to that being done for other type of accounts. After checking, the SBCO will send details to DAP for final checking & further action.
  2. As regards the discharge of NSCs/KVPs issued before 01.07.2016, the details alongwith consolidation and vouchers of HO & SOs will be sent to the DAP by the HPO. The Checking and further disposal will be done at the end of DAP.
The aforesaid instructions supersede the previous instructions/orders on the Subject to the extent as mentioned against serial 1 and 2 above.
At the same time the Circles should inquire into as to why the Directorate’s instructions on the subject were not followed and the important work regarding checking and disposal of documents relating to issue and discharge of NSCs/KVPs was kept pending. Responsibility should be fixed and suitable action be taken against the delinquents. Neglect of such an important work is a serious issue.
This has the approval of Member(Banking).
(Devendra Sharma)
Assistant director (SB-II)