Freezing of Small Savings Schemes accounts matured but not closed after 3 years: SB Order No. 10/2025
SB Order
No. 10/2025
FS-13/7/2020-FS-Part (1)
Government of India
Ministry of Communications
Department of Posts
(Financial Services Division)
Dak Bhawan, New Delhi — 110001
Dated: 15.07.2025
To
All Head of Circles/Regions
Subject:
Freezing of Small Savings Schemes accounts matured but not closed after 3
years.
Sir/Madam,
Please refer to SB Order No. 25/2022 dated 16-12-2022,
concerning the freezing of Small Savings Schemes accounts, under INOP-freeze
Code, that have matured but not closed even after three years of maturity.
2. As per the aforementioned SB Order, it was decided to freeze
matured accounts under the schemes MIS, SCSS, TD, KVP, NSC, RD, and PPF
accounts (that are matured but not extended), which have not been closed even
after three years since maturity. The designated freeze reason code for these
accounts is ‘INOP: Inoperative more than 3 years’.
3. To further enhance security of
hard-earned money of depositors, it has now been decided that this freezing
activity will be conducted twice a year as a continuous cycle. The process of
identification and freezing of such accounts will be completed within 15 days,
commencing from 1st July and 1st January of each year. This means accounts that
complete three years of maturity as on 30th June and 31st December every
year, respectively, will be identified and frozen
4. The Standard Operating Procedure (SOP) for handling these
frozen accounts, as detailed in SB
Order 25/2022, remains in effect and must continue to be followed.
5. This issues with the approval of the Competent Authority.
Yours faithfully,
(Devender Kumar Sharma)
Assistant Director (SB-II)
Comments