Direct Benefit Transfer / Direct Benefit Transfer of LPG (DBTL) — payment of Commission to Banks

F.No.32 (07)/PF-II/2011(VoI.II)
Ministry of Finance
Department of Expenditure
(PF-II Division)

North Block, New Delhi
Dated: the 16th of January, 2015

OFFICE MEMORANDUM

Subject: Direct Benefit Transfer / Direct Benefit Transfer of LPG (DBTL) — payment of Commission to Banks.

The issues relating to the payment of appropriate commission with respect to payments made under the Direct Benefit Transfer (DBT)/Direct Benefit Transfer in LPG (DBTL) schemes of the Government have been under active consideration of the Government for some time. The matter has been examined in detail, and in supersession of earlier OMs issued in this regard, it has been decided that:

(i) For urban based DBT schemes like DBTL, the transaction cost may be paid at the NEFT rate as per the extant RBI circular or the APB rate as per the extant NPCI circular (as applicable). The ‘on us and “off-us distinction, wherever it exists, should be maintained on the basis of actuals.

(ii) For rural based DBT schemes like pensions, NREGA, pre-matric scholarship, maternity benefits etc. where a large number of transactions are likely to be through the Banking Correspondents, the transaction charges may be paid @ 1% subject to an upper limit of Rs.10 per transaction, in addition to what is required to be paid vide (I) above.

(iii) The transaction cost may be paid at the time of credit of benefit transfer into the accounts of beneficiaries from the same budget line from which the respective scheme funds / benefits are being transferred.

(iv) This OM will come into immediate effect and may be reviewed from time to time.

2. This issues with the approval of the Finance Minister.

sd/-
(Chittaranj Dash)
Director (PF. II)

Launch of scheme for Girl Child named “Sukanya Samridhhi Account’ by Hon’ble Prime Minister — rate of interest reg.

IMMEDIATE

F. No.2/3/2014.NS-II
Government of India
Ministry of Finance
Departnìent of Economic Affairs

236, North Block, New Delhi-110001
Dated the 20th January, 2015

OFFICE MEMORANDUM

Subject: Launch of scheme for Girl Child named “Sukanya Samridhhi Account’ by Hon’ble Prime Minister — rate of interest reg.

In compliance of announcement by Finance Minister in his Budget Speech 2014-15 the Government of India has introduced a new scheme named “Sukanya Samriddhi Account” vide Notification No.GSR No.863 (E) dated 2nd December, 2014. It has been decided to allow 9.1% rate of interest on investments in the scheme during the financial year 2014-15.

This has the approval of Union Finance Minister.

sd/-

Under Secretary to the Govt of India