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Do’s and Don’ts for investors while investing through agents
Mahila Pradhan Kshetriya Bachat Yojana (MPKBY)

(For  5 years Post Office Recurring Deposit Scheme -  Account holder)

 

Do's -

  • Hand over money only to the authorised  MPKBY agent appointed by the competent authority
  • Ensure validity of the agency before investing through an agent
  • Get the counterfoil of the ASLAAS 5 card (MPKBY card) duly dated and signed by the MPKBY agent at the time of handing over money/cheque
  • Ensure correctness of the information filled in the prescribed form for opening of account
  • Ensure receipt of pass book from the agent within 10 days from the date of investment (i.e. handing – over of money)
  • In case of non-receipt of pass book from the agent within 10 days from the date of investment, lodge a complaint for the same with the Appointing Authority / Regional Director, National Savings Institute / concerned Post Master
  • Preserve counterfoils of the ASLAAS 5 cards till maturity of the account
  • For investment over and above Rs 10,000, issue only an account payee cheque drawn in favour of concerned Post Master
  • Invariably verify the correctness of the amount, date, stamp, signature etc. mentioned in the pass book from the concerned Post Office time to time 

Dont's -

  • Do not hand over cash to any unauthorized person
  • Do not issue a cheque in favour of an agent
  • Do not issue a bearer cheque
  • Do not fill/sign the withdrawal form before maturity
  • Do not forget to report any lapse on the part of agent to the appointing authority/Post Office.
 
 
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