Notifiction for Central Govt hereby Authorised Public Sector Banks – Finmin Orders

Notifiction for Central Govt hereby Authorised Public Sector Banks ICICI bank, Axis Bank & HDFC Bank to Accept Deposits for NSC, KVP, RD, MIS, SCSS, SSA & TDs – Finmin Orders

Central Govt has pushed aside the Post Offices and released notification permitting all nationalized banks & ICICI bank, Axis Bank & HDFC bank ( from the private sector) to accept deposits for NSC, KVP, RD, MIS, SCSS, SSA & TDs. Wef 10 Oct 2017.

This is quite contrary to the assurance given by the dept.in the wake our vehement protest in creation of IPPB.

Now we r hoodwinked and our time tested small savings products are introduced in private bank. Should we call this as privatisation through back doors.

We have no space in IPPB even in the operative level which was assured to b allotted to us through a qualifying process. We are mute when recruitment to IPPB are in full swing totally ignoring us.

Are we dimnishing and poised to end up as servants to IPPB and all these pvt.banks.

Unless we act atleast now we are going to deplete in dimension and resign to the fate of extinction. We will b reduced as agents with no identity of our own

Source : http://www.dea.gov.in/sites/default/files/all%20banks.pdf