Post
by g_singh » Mon Mar 31, 2008 11:00 am
I just called the HO on the new maintainance funds criteria for existing HSMP holders. There is a new transition arrangement in place for existing HSMP holders applying for extension till the 29th of June 2008. This information is not yet published on the website but is being given to anyone enquiring on the phone.
The transitional arrangement is that if you apply for extension of your current HSMP before 29th June, you have to only show the maintainance funds for 1 month preceeding the application date. Also, more importantly, you have to show these funds at ANY ONE point in that month and NOT ALL times in that month. The agent on the phone said that "if your funds go over the maintenence requirements on the day you get the salary in the month preceeding the application, then that is fine. You don't have to show the balance for the entire month".
After 30th June the new maintainenece criteria will kick in.