CLARIFICATIONS RECEIVED FROM THE DIRECTORATE
1. It may please be clarified whether SB pay in slip is required to be collected OR NOT , when maturity amount of a scheme is transferred to SB account? It will be also be considered as NON CASH TRANSACTION.
Clarification-NOT REQUIRED
2. Similarly whether pay in slip is required to be collected from the agents when agent commission is automatically deposited to their SB accounts and these transactions will also be treated as non cash transaction?
Clarification-NOT REQUIRED
3. Agents are required to write AAR number on ACG-17 used for taking commission earned on investments made by them ( SB order no 6/2013 dated 25.04.2013). If it is not done, the investment will be treated as direct investment and commission will not be paid. In the CBS environment commission earned will be automatically credited to agent's SB account directly.
In these circumstances, Where the agent has to write AAR number?. No provision is also made in Account opening form to write AAR number by the agent. Provision to write AAR number is to be made in Account opening form.
Clarification-TAKING ACG-17 has not been discontinued yet.
1. It may please be clarified whether SB pay in slip is required to be collected OR NOT , when maturity amount of a scheme is transferred to SB account? It will be also be considered as NON CASH TRANSACTION.
Clarification-NOT REQUIRED
2. Similarly whether pay in slip is required to be collected from the agents when agent commission is automatically deposited to their SB accounts and these transactions will also be treated as non cash transaction?
Clarification-NOT REQUIRED
3. Agents are required to write AAR number on ACG-17 used for taking commission earned on investments made by them ( SB order no 6/2013 dated 25.04.2013). If it is not done, the investment will be treated as direct investment and commission will not be paid. In the CBS environment commission earned will be automatically credited to agent's SB account directly.
In these circumstances, Where the agent has to write AAR number?. No provision is also made in Account opening form to write AAR number by the agent. Provision to write AAR number is to be made in Account opening form.
Clarification-TAKING ACG-17 has not been discontinued yet.
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