Branch authorisation for Bank of India to accept PPF and Senior Citizens Savings subscriptions, subject to timely remittance and penalties. Authorisation is granted to specified branches of Bank of India to receive subscriptions under the Public Provident Fund Scheme, 1968 and Senior Citizens Savings Scheme Rules, 2004, effective immediately. Conditions: remittances must be credited to Government Account at RBI CAS Nagpur within three days; delayed remittances attract penalty equal to interest payable to depositor plus an additional surcharge depending on delay duration; non observance of scheme rules may lead to penal action or de authorisation and pecuniary liabilities will be borne by the bank.