ABOUT US

The Tamilnadu Commissionerate of Small Savings Department is Administered and controlled by the Ministry of Finance.

Based on the above, the Commissionerate of Small Savings Department is Ministerial  Establishment of
Thiru Palanivel Thiagarajan, Hon’ble Minister for Finance and Human Resources Management Department.

Thiru N.Muruganandam,, I.A.S. Additional Chief Secretary, Finance Department, is the Secretarial Head of Commissionerate of Small Savings Department.

Dr. P. Umanath, I.A.S., (Full Additional Charge is the Commissioner of Small Savings Commissionerate Chennai-2.

In the year 1961 to promote the habit of Directorate of Small Savings has been formed.

In G.O. Ms. No.1350,(Public Spl)Department, Dated 23.08.1963, Directorate of Small Savings Department was constituted  with major resource to execute welfare activities relating to Post Office Savings Scheme of Government of India.

To Plant and Promote the seeds of Thrift and Small Savings benefits among the people of Tamilnadu, Vice Chairman Post was created and leading Personnel, from Political Parties were posted as Vice Chairman to State Small Savings Adversary Board.

The Personnel posted as Vice Chairman to the above Committee by the Government are given below :-

1          Thiru. M.G. Ramachandran.

2          Thiru. SS. Rajendran.

3          Thiru. A. Ambikapathi.

4          Thiru. K.V. Narayanasamy.

5          Thiru. A. Rahmankhan.

6          Thiru. V.K. Chinnasamy.

7          Thiru. S. Chandrasekar.

8          Dr. Parandhaman.

9          Thiru. T. Rajender.

10        Thiru. A. Rahmankhan.

 The Directorate of Small Savings is mainly concerned with the promotion of various Small Savings Schemes formulated by Government of India. Small Savings Schemes are implemented through the Department of Posts, and 15 year Public Provident Fund Scheme is implemented through Head Post offices as well as Banks.

A portion of the net collections under Small Savings is sanctioned as Loan to the State by the Government of India as long term-soft loan. The long repayment schedule makes it an excellent resource of the State for investment in improvement /development of infrastructure like Roads, Drinking water, Sewerage, Hospitals, Schools etc.  At present the Tamilnadu State  Government have been exempted from the above Loan activity. In order to increase the savings habit, the State Government is taking all efforts to mobilise Savings.

In the present financial market, where a large number of private financial companies have disappeared, Small Savings offer the best and safest avenue of investment of household savings. Small Savings scrips are guaranteed by Government and thus completely secure.