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Shyamala Gopinath Committee Report
Dec 17, 2014

The Shyamala Gopinath Committee constituted on Small Savings Schemes has submitted its report to the Government. Major recommendations of the committee are:

  • To reduce/abolish agent’s commission except Mahila Pradhan Kshetriya Bachat Yojana (MPKBY) agents to restrict management cost.

  • Secondary market yields on Central Government Securities of comparable maturities should be the benchmarks for the interest on various small savings instruments and should be reset every April 1.

  • Committee recommended to reduce minimum share for States from 80 percent to 50 percent against net collection and recommended that amount received on redemption of Central/State Governments securities should be reinvested between Centre and States in the ratio of 50:50.


After detailed deliberation and in light of views received from State Governments, various Departments of Central Government and Agent’s Association, most of the recommendations of the Committee are being implemented.

In view of developments observed by the Committee in 2011 on AML/CFT front the KVP was recommended to be discontinued by the Committee. KVP has been re-notified by the Government. Under the re-notified KVP the investor has to undergo the Know Your Customer (KYC) modalities at Post Office or Bank.


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