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      Income Tax

      Deposit of old demonetized notes of ₹ 500 and ₹ 1000 in Small Savings Schemes

      November 24, 2016

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      F. No. 1/04/2016-NS.II

      Ministry of Finance

      Department of Economic Affairs

      (Budget Division)

      North Block, New Delhi

      Dated: 23.11.2016

      To

      1. The Chief General Manger

      Reserve Bank of India

      Department of Government and Bank Accounts

      Central Office, Byculla Office Building

      4th Floor, Opp. Mumbai Central Railway Station

      Buculla, Mumbai-400008

      2.  The Deputy Director General

      Department of Posts

      Dak Bhawan, Sansad Marg

      New Delhi

      3. The Joint Director & HOD

      National Savings Institute

      ICCW Building

      4, Deendayal Upadhyay Marg

      New Delhi.

      Subject: Deposit of old demonetized notes of ₹ 500 and ₹ 1000 in Small Savings Schemes.

      Sir,

      In pursuance of this Ministry's OM of even No. dated 22.11.2016 on the subject I am directed to clarify that the deposits into Post Office Savings Account are excluded from the bar imposed therein.

      2.  This has the approval of Secretary (Economic Affairs).

      Yours faithfully

      (Padam Singh)

      Regional Director (Sr.)

      Tele: 011-23095155

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