January 23, 2012

FAQ on RD Default Fee

FAQ on RD Default Fee w.r.t SB Order no.31/2011 dated 13/12/2011



What is the default fee to be collected for deposits made after 15th in r/o RD accounts opened between 1st and 15th of the month?


Till further notification and corrections in Sanchay Post software, default fee should be charged as per old procedure. So, default fee NEED NOT be collected for deposits made after 15th in r/o RD accounts opened between 1st and 15th of the month; deposits can be accepted without default fee throughout the month, irrespective of the date of opening of the account.

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