d. Role of Deptt. of Post:

     The Deptt. of Posts runs the savings bank as an agent of the Ministry of Finance. Most of the National Savings Schemes are operated and serviced by the network of Post Offices spread throughout the Country. Happily, the Post Office savings Bank organization has been playing an increasing effective role for promotion of the movement in the rural areas through extra departmental branch post masters of the village post office who are granted incentive commission for increasing collection in their post offices.

e. Role of Nationalized Bank:

     Many Nationalized banks are also operating schemes of National Savings like public provident fund and senior citizen savings schemes on incentive basis and large No. of depositors are covered both by the post office and banks in these schemes.

4. Duties Performed:

     The main duty of the public authority is to increase Small Savings collection. Appointment and renewal of Agency under the MPKBY and SAS and organization of Small Savings Incentives Schemes are the main activities of the organization.

     Agents are the grass root level workers of Small Savings Organisation. There are three types of Small Savings Agency.

a. Mahila Pradhan Kshetriya Bachat Yojana ( MPKBY)
b. Standardised Agency System ( SAS)
c. P.P.F Agency ( PPF)

     The agency under the MPKBY is given to ladies only to mobilize Small Savings through Post Office Recurring Deposit Scheme. They are appointed by the Collector. They provide door to door service and get Commission at the rate of 4 % of deposits. There are 72 MPKBY agents in Koraput district.

     The agency under the SAS is granted to both gents and ladies. They mobilize Small Savings through Post Office Monthly Income Scheme, Post Office Time Deposits, Kishan Vikas Patra, National Savings Certificate VIII Issue and senior citizen Savings scheme. They provide door to door service and get commission at the rate of 1% of deposits. They are appointed by the Sub-Collectors and Collector. There are 50 number of S.A.S. agents in the district.

     The agency under the P.P.F. is granted to any willing S.A.S. agents. The P.P.F agents mobilize Small Savings through 15 years Public Provident Fund Scheme. They are appointed by the Deputy Director, Small Savings-Cum-Deputy Secretary to Govt, Finance Department, Government of Odisha. They get commission at the rate of ½ % of deposits. There is no P.P.F agent is Koraput district.

     Organisation of Small Savings Incentive Scheme is an important job of the Small Savings Organisation. "AI" Series Small Savings Incentive Scheme is in operation. The period of the scheme is 1.1.2011 to 31.12.2011. Any depositor under Kishan Vikas Patra, Post Office Monthly Income Scheme, 5 years POTD, NSC VIII issue P.P.F, SCSS and PORD who deposit in any post office in Odisha during 1.1.2011 to 31.12.2011 is entitled to get free coupon at the rate of One coupon per Rs. 2000/- deposit.

     The free coupons are supplied by the Government of Odissa to the District Small Savings Officer. The DSSO, issues coupon to eligible depositors in his office at Sanchaya Bhawan, Bh. Patna and supplies the same to all blocks except Sadar block, In block offices the coupons are issued by the SEO/LSEO.

The draw of the series will be held on 26.02.2012 at Bhubaneswar.

Prize Profile from 'AI' Series Small Savings Incentive Scheme:

5. Details of Service rendered : 
a. Select prospective agents/ appoint the agents/ training to agents/ solving agents problems.
b. Coordinate with the postal authority for redressal of grievance of common investors, through Divisional postal coordination committee/ Dak Adalat.
c. Guiding investors for rightful investment/publicizing various schemes.
d. Implementing small savings incentive schemes run by state Govt. through issuing free incentive coupons to investors of R.D., K.V.P., N.S.C., M.I.S., P.P.F. & SC SS Schemes.
e. Promoting Pay Roll Savings.