There are mainly two kinds of agencies — Mahila Pradhan Kshetriya Bachat Yojana (MPKBY) and Standardized Agency System (SAS). Both the agencies are quite different and unique. If the MPKBY is for women agents only for dealing with 5-year Post Office Recurring Deposit Accounts, SAS is open for all for dealing with NSC, KVP, MIS and Time Deposit Accounts.
Like fresh appointment of agents, periodic renewal of small savings agencies — SAS & MPKBY — is one of the major task undertaken by the Directorate, aided by the District authorities. SAS is renewed annually, while MPKBY is renewed every three years.
Agents are required to apply for renewal at least 45 days before the date of expiry of the agency.
Documents required for agency renewal (along with forms in prescribed format):