Authorisation to receive subscriptions under PPF and Senior Citizens Savings Scheme extended to Central Bank branches, subject to remittance conditions. One hundred and eleven branches of the Central Bank of India are authorised, with immediate effect, to receive subscriptions under the Public Provident Fund Scheme, 1968 and the Senior Citizens Savings Scheme Rules, 2004, subject to remittance of all receipts to the Government Account at RBI, CAS, Nagpur within three days. Delayed remittances attract a penalty equal to the depositor interest rate plus 0.5% for delays up to thirty days and plus 1% beyond thirty days. Non-observance of scheme rules may result in de-authorisation and pecuniary liabilities borne by the bank.