Mandate of National Savings Institute

• To function as front office and public/ customer relations unit of Department of Economic Affairs, Ministry of Finance in administration of Small Savings Schemes of Govt. of India. Assistance to Budget Division for preparation of NSI related Budget documents and delivery.
• To digitally collect, collate and maintain small saving data and to apply data analytics on it for better insights.
• Responsible for timely remittances and reconciliation with RBI data, including forecasting of collections for improved cash management.
• To Function as inspection wing of Department of Economic Affairs for conducting inspection/ audit of Post Offices/Banks to check implementation of small savings rules.
• Coordination with Post Offices and banks and attending public/investors queries
• Development of IT based systems for small savings schemes, development of digital modes for providing efficient customer service to national savings depositors
• To undertake national level publicity of National Savings Schemes.
• Periodic Reports related to subscriber’s profile, forecasting of collections, information of unclaimed amounts, demographic information of the subscribers, duplicate subscribers, ineligible subscribers
• To handle legal issues, attending court cases on behalf of Department