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Home - About NSI - Extension Agencies

Mahila Pradhan Khestriya Bachat Yojna

Mahila Pradhan Khestriya Bachat Yojna (MPKBY) agency system was introduced by the Government w.e.f. 01.04.1972 with the objectives:-

  • To educate housewives in family budgeting.
  •   To inculcate the habit of thrift among household and self employed people.
  • To canvass for and secure investment in National Savings 5 Years Recurring Deposit Account from small savers.
  • To raise resources for financing development and defence of the country.

The agency is confined to canvass for and receive investment in National Savings 5 years Recurring Deposit Account. An individual woman (called Mahila Agent) who being a resident of locality and sufficiently educated can be appointed agent under this scheme.

Management of authorised agency system including appointment, renewal and supervision has been transferred to the State Government. Individual desirous to be appointed as an agent under the agency system should approach appointing authority of their area i.e. Director, Small Savings of the State, District Collector of the District where the applicant resides. In some of the states BDOs/Tehsildars have also designated as appointing authority under MPKBY. Authorised agents are entitled to payment of commission on the deposits secured by them in National Savings 5 years Recurring Deposit Account at the rate as may be notified by the Government from time to time. A certificate of Authority showing details of the agent and validity of Agency is issued by the appointing authority to the appointed agent under MPKBY.

Authorised agents appointed under this system are issued ASLAAS-5 cards by the Government. Investor should insist for and obtain prescribed printed card from the agent while making deposit in National Savings 5 years Recurring Deposit Account through an agent. The agent shall make entry in the depositor’s copy of card for the money received every month to be deposited in National Savings 5 year Recurring Deposit Account in Post Office. Depositor is advised to check entries of deposit in his account pass book when returned by the agent after making deposit.

 
 
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