The National Savings Institute has issued a notification inviting suggestions/ideas on proper utilisation of deposits lying in unclaimed in various Small Savings Schemes in Post Offices and banks for welfare and protection of financial interest of senior citizens. Interested persons/organisations may submit their suggestions/ideas to the Joint Director National Savings Institute, Government of India, Ministry of Finance, ‘A’ Block, 4th Floor, CGO Complex, Seminary Hills, Nagpur–440006 or email latest by November 15, 2014.

The National Savings Institute is providing Secretarial support to the Committee appointed by the Ministry of Finance to examine issues related to unclaimed amounts lying in various small savings schemes. Shri Harun R. Khan, Deputy Governor, Reserve Bank of India is the Chairman of this committee. The Committee, at its first meeting on September 26, 2014 decided to upload on the website of Reserve Bank of India, Ministry of Finance, Ministry of Law, National Savings Institute, Department of Posts, State Bank of India and Punjab National Bank, a public notice inviting suggestions/ideas from general public/ senior citizens/welfare organisations and Non-Government Organisations associated with welfare of senior citizens on appropriate use of unclaimed amount.

Ajit Prasad
Assistant General Manager

Press Release : 2014-2015/742