REGULARIZATION OF SSA ACCOUNTS OPENED IN CONTRAVENTION OF POSB RULES
Department of Economic Affairs, Ministry ot Finance has issued guidelines for processing the cases of regularization of irregularly opened accounts under various National Small Savings Schemes through Post Offices vide OM. No. 1 4/1 /201 8-NS-Part (1 ) dated 12.07.2024. (Copy enclosed)
(a). ln case ol accounts opened under the guardianship of grandparents (who are other than legal guardian), the guardianship shall be transferred to a person entitled under the law in force, that is, to the natural guardian (alive parents) or Legal Guardian.
(b). lt more than two accounts are opened in a family in violation Ol Para 3 of Sukanya Samriddhi Account Scheme, 2019, then the irregular accounts shall be closed by treating it as account opened in contravention to the scheme guidelines.
All Post Offices are directed to obtain PAN and Aadhaar details of the account holder(s)/ guardian (if not already available) without fail and feed the same in the system before forwarding the regularization requests to Directorate.
Click here SB Order NO. 5/2024
