Karnataka - Apply or Renew Small Saving Agent License (MPKBY)

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Procedure

Apply In-Person:

1. To Karnataka - Apply or Renew Small Saving Agent License (MPKBY), the applicant has to approach the Directorate of Pension and small savings and asset liability monitoring – link
2. The applicant has to download the form from the following link – link
3. Enter all the details in the application form.
4. Make sure that the applicant has to attach all the necessary documents which is mentioned in the “Required Documents” section of this page.
5. The application form is free but a security of Rs. 500/-must be paid in the shape of 6-Year National Savings Certificate (NSC) duly pledged in favour of the President of India.
6. Submit all the documents and the form to the respective officer.
7. Once the process gets done, the applicant will be notifying through mail.
8. The applicant has to collect the license by visit the office.
9. The processing time for this procedure is up to 40 – 50 days.

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Required Documents

The following documents are required to be submitted to the district office

• Application Form
• Agreement Form
• Nomination Form (3 Copies)
• Pledging of NSC of minimum Rs. 500/- (Rupees five hundred only).
• Affidavit (to be attested by Magistrate/Notary) on a stamp paper of Rs.10/- (Rupees ten only).
• Two Character certificates.
• Declaration form of Agent
•  Four passport size photographs.
• Photocopy of proof of date of birth and Ration card.
  

Office Locations & Contacts

District Collector
Address: Nrupathunga Rd,
Nunegundlapalli,
Ambedkar Veedhi,
Sampangi Rama Nagar,
Bengaluru, Karnataka 560009
Web Link
For other districts Link
For Regional address Link

Eligibility

FOR MPKBY (Mahila Pradhan Kshetriya Bachat Yojna) Agent 
(a) Any unemployed adult woman 
(b) She must be a person of integrity. 
(c) She must be an Indian citizen.
Note: Any unemployed adult woman means an applicant who is not employed in any Central/State/Semi Government, Department of Posts or Public Sector Organisation. Women working in private sector or self-employed will however be eligible.
Additionally,

• Minimum qualification is 12th Pass under 10+2 scheme or Higher Secondary or its equivalent.
• Retired person(s) from Govt., Semi Govt. Undertaking, and Public Sector are also eligible for the MPKBY agency.
• Any person after attaining the age of 75 years & above will not be considered for appointment as an agent.
  

Fees

A security of Rs. 500/- in the shape of 6-Year National Savings Certificate (NSC) duly pledged in favour of the President of India.

Validity

• Renewal period is 3 years from the date of enrolment/Renewal.
• Enrollment/Renewal may at any time be cancelled without any prior notice in the event of any complaint received.
  

Documents to Use

Application Form

Sample Documents

Sample form with Detailed Agreement and Declaration Sample Link

Processing Time

• 40 Days after application submission.
  

Note: The time period given is excluding the Government holiday list.

Related Videos

Videos explaining the procedure or to fill the applications.
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Instructions

As a Mahila Pradhan Kshetriya Bachat Yojna Agent (M.P.K.B.Y.), your role is to promote the sale of Recurring Deposit (RD) by liaising between post offices, investors, District Institutional Finance Offices and to render services at the door step of investors. Doing so, you will get 4% commission for deposits made for 5 year RD scheme.

Required Information

• Applicant’s Personal Details
• Applicant’s Address Details
• Applicant’s Contact Details
• Service Specific Information
• Relatives and Responsible Persons (Information & Particulars of Near Relatives who are Employed under the Central or State/ Union Territory Government)
• Name and Address of Two Responsible Persons Known to You * (A Gazetted Officer/Member of Parliament/ Metropolitan/ Municipal Council/ Headmaster of a recognised school/ Registered Medical Practitioner/ Practicing Advocate/ Chartered Accountant/ Bank Manager/ Village Pradhan/ Sarpanch/ Chairman, Block Panchayat Samities)
• Eligibility
• Declaration
  

Need for the Document

• Only 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.
  
• Also, post offices will not accept deposits from MPKBY agents after expiry of the validity period of license as specified in the agreement.
  

Information which might help

Mahila Pradhan Khestriya Bachat Yojna (MPKBY) agency system was introduced by the Government 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.
  

Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

Mahila Pradhan Khestriya Bachat Yojna Rules Link

Others

More information which might help people.