Central Govt hereby authorised public sector banks ICICI bank, Axis Bank & HDFC bank to accept deposits for NSC, KVP, RD, MIS, SCSS, SSA & TDs. Wef 10 Oct 2017.

Central Govt has pushed aside the Post Offices and released notification permitting all nationalized banks & ICICI bank, Axis Bank & HDFC bank ( from the private sector) to accept deposits for NSC, KVP, RD, MIS, SCSS, SSA & TDs w.e.f. 10-1-2017.