As per Finance Commission Report, it recommended that all aspects of the design and administration of the NSSF be examined with the aim of bringing transparency, market linked rates and other much needed reforms to the scheme. By Decisions on the recommendations of the Committee for Comprehensive Review of National Small Savings Fund (NSSF). The Ministry of Finance, Department of Economic Affairs (Budget Division) vide Notification No. 6-1/2011-NS.II (Pt.) dated 11th Nov. 2011, It has been decided that the commission on Small Savings to Post Office Agents will be changed as per bellow details:
- Payment of commission on PPF schemes (1%) and Senior Citizens Savings Scheme (0.50%) will be discontinued.
- Agency Commission under all other schemes (except Mahila Pradhan Kshetriya Bachat Yojna (MPKBY) will be reduced from existing 1% to 0.50%.
- Commission at existing rate of 4% will continue for Mahila Pradhan Kshetriya Bachat Yojana agents.
- Incentives, if any, paid by the State/UT Governments will be reduced from the commission paid by the Central government.
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