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1. The Ministry of Human Resource Development is requesting that the University Grants Commission and All India Council for Technical Education inform students about opening Post Office Savings Bank Accounts for receiving scholarships through direct bank transfers. 2. Post offices offer banking services like savings accounts and have a large network that could benefit scholarship recipients. 3. Students are encouraged to consider opening accounts at post offices as an option for receiving scholarship funds deposited via direct bank transfer.

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Nabeel Karvinkar
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50 views

Circular PDF

1. The Ministry of Human Resource Development is requesting that the University Grants Commission and All India Council for Technical Education inform students about opening Post Office Savings Bank Accounts for receiving scholarships through direct bank transfers. 2. Post offices offer banking services like savings accounts and have a large network that could benefit scholarship recipients. 3. Students are encouraged to consider opening accounts at post offices as an option for receiving scholarship funds deposited via direct bank transfer.

Uploaded by

Nabeel Karvinkar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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l'c'T' E'

;Il.'.-a J-'t.9' / A'

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15-19/2020 NS-l
Government of India
Ministry of Human Resource Development
d ( il) r\. ! 'fii')tl
t I huo LULU Department of Higher Education
Scholarshio Division
- --- - ---'wn7lg{:Gf.7"rr

2nd Floor, Wing-6, West Block-1, R.K. puram,


New Delhi-110 066
Dated the *r\ JulV, 2020
To

l. The Secretary, University Grants Commission, Bahadurshah Zafar Marg, New Delhi-110002

c Chairman, All India Council for-fechnical Education, Dr Nelson Mandela Marg, Vasant
Kunj, New Delhi- 110057

Sub:- Regarding opening of Post Office Savings Bank Account (POSB) t


Fund scheme through post offices by the beneficiaries of scholarship/

5ir/Ma'am,

Kindly refer to the letter cited under reference on the subject mentioned above. lt is stated
that the University Grants Commission and All India Council for Technical Education are
implementing many students' centric Scholarship/fellowship schemes for the needy students
pursuing higher education, under which the scholarship/fellowship amount is being
/transferred
through Direct Benefit Transfer (DBT) programme of the Government of India.

2. Postal Services Board have mentioned that there is vast network of 1,50,000 post Offices
which are also providing banking and insurance services while they also have a robust technology
platform like Core Banking Solution, Aadhaar enabled payment systems etc. The banking services
may be useful for the beneficiaries of such scheme as the Post Offices have some popular small
saving schemcs Iike (i) Post Office Savings Bank Account (POSB) and Public Provident Fund Scheme
(P P F).

3. Accordingly, the UGC/ AICTE are requested that this information may be disseminated
among the students of the concerned institutions under your administrative control and may be
given wide publicity as an option alongwith other banks to open an account for getting scholarship
through DBT mode.

4. This may be accorded 'TOP PRIORITY'.

Encl;- As above.
Yours faithfully,

ft-tN
(Malathi Narayanan
Deputy Secreta ry (Scholarship
Tel:011- 2517 2932

Copyto:- Ms. K. Sandhya Rani, Member, Postal Services Board Dept. of Posts, Ministry of
Communications, Dak Bhawan, Sansad Marg, New Dc,lhi-110 1 .
I
-/L

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