afer gze (GZ) union sant: oe cna Inter-Office Letter To: CRBD :: WM & TPPD Department The FGMs/RHs/BMs Central Office, Mumbai. All FGMOs / ROs, All Branches. Ref: CRBD: WMTPPD: 144:2022-23 Date:01/0672022 Sub: PMJJBY & PMSBY - Revised Insurance Premium Rates. During the last week of May,2022., all the enrollments under PMJUBY & PMSBY were renewed by debiting the insurance premium of Rs.330/- and Rs.12/- respectively, wherever enough balance was available in the linked account. Prior to this SMS alerts were also sent to customers to ensure required balance in their account. ‘On 31.05.2022, we have received communication from DFS having revised the insurance premium rates, as under. ‘Schemes Premium per annum per subscriber Existing Revised PMJJBY Rs. 330 RS.436 PMSBY Rs.12 Rs.20 The revised rates will be effective from 01.06.2022. We have taken up with DIT to make necessary changes in the system, which fs expected to go live within a day or two. Till such time., we have stopped new enrolments in Finacle & Alternate Delivery Channels. For the premium already debited last week, we will be taking up the process of rectification - either by collecting the difference of premium or reversal of premium already collected and debiting the account with revised rates - shortly and complete it by 30.06.2022, as instructed by DFS. All the communication channels like Banks website and social media platforms will be publicizing the change in premium rates very shortly. SMS alerts will be sent to customers informing them about the revision of premium rates. Branches are advised to take note of this change and educate the customers accordingly Encl: Letter from DFS Page 1 of 1