SB Order No.01/2015 : Extension of Public provident Fund ( PPF ) Scheme up to Post Offices with sanctioned strength of 1+1 (double handed Post Office)
Source : http://www.indiapost.gov.in/DOP/Pdf/Circulars/SB%20Order_01_Pub_Upload.pdf
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Use post offices to deliver services, information: PM Modi
To leverage the assets of postal network, Prime Minister Narendra Modi today said post offices in rural areas can be used to deliver various services and information to the individual households. He also said the postal network can become a driving force for the economy, similar to the Indian Railways, and the huge assets held by the Postal department across the country can be suitably used for the benefit of the people, he said. Modi, speaking after the presentation of a report by the task force on leveraging India's post office network, said post offices in rural areas can be used to deliver services and important government information to individual households. Modi has directed that recommendations of the task force be studied in detail within a short period of time, so that necessary follow-up action can be initiated, an official statement said. Minister for Communication and IT Ravi Shankar Prasad was also present. The presentation on be...
PM likely to approve India Post revival plan
Task Force proposes to divide India Post into five biz verticals New Delhi, January 6: Prime Minister Narendra Modi is expected to review a report on the revival of India Post soon. Official sources said that Minister for Communications and Information Technology Ravi Shankar Prasad has approved the task force report and will submit it to the prime minister for a review. The task force had submitted its report to Prasad in December, recommending division of India Post into five verticals, including one each for banking, insurance and e-commerce, with India Post being the holding company. “The minister is expected to meet the prime minister on Wednesday for an in-principle approval. The task force has highlighted priority areas, which would give a fillip to our postal department,” an official told BusinessLine. The Centre is also investing ₹5,000 crore for IT modernisation in India Post. He said priority tasks include providing banking and insuranc...
Statistical details of offices migrated to CBS as on 05.01.2015
Statistical details of offices migrated to CBS as on 05th Jan 2015 Name of the Circle HO migrated SOs migrated Total Andhrapradesh 82 2 84 Assam 13 14 27 Bihar 1 0 1 Chhattisgarh 1 0 1 Delhi 9 40 49 Gujarat 4 0 4 Haryana 4 1 5 Himachal Pradesh 3 0 3 Jammu Kashmir 1 0 1 Jharkhand 8 0 8 Karnataka 58 222 280 Kerala 13 0 13 Madhya Pradesh 14 0 14 Maharashtra 55 59 114 North East 1 0 1 Odisha 13 1 14 Punjab 18 7 25 Rajasthan 48 221 269 Tamilnadu 94 289 383 Uttarakhand 1 0 1 Uttarpradesh 62 175 237 West Bengal 5 0 5 Total 508 1031 1539 Source : http://tamilnadupost.nic.in/sdc/
2014 – An Unforgettable Year for Central Government Employees..!
2014 – An Unforgettable Year for Central Government Employees ..! 2014 was a year of expectations, disappointments, and trials and tribulations for Central Government Employees and Pensioners too. About Central Govt Employees at a glance 2014 – This article brings you some important events and announcements… Strike : The year began with a collective decision of all employees federations to go on a strike demanding, among other things, 50% DA merger, and date of effect of the 7th CPC. When it became clear that there was going to be a change of government at the Centre, the federations began to plan their moves in order to somehow convince the Congress Government to accept their demands. At last, the Confederation alone held protests on February 10 and 11. Other federations announced that they want to resolve the issue by holding talks and withdrew their strike plans. But the Central Government remained unmoved. Retirement Age : A huge rumour started that in a...
Expected DA from January 2015 will be 113 % (6% Increase)
Expected DA from January 2015 WILL BE 113 % (6%INCREASE) The All-India CPI-IW for November, 2014 remained stationary at 253 (two hundred and fifty three). In the coming months, if the AICPIN value remains at 253 or 1 to 4 point increase or decrease based (249 to 257) then we may get up to 6% DA increase i.e. 113%.below 249 for example (incase 248) 5 point decrease only get 5% DA For more Information : http://www.govtempdiary.com/2015/01/expected-da-dr-jan-2015/
FINACLE : SAVINGS ACCOUNT (SB) ISSUES AND SOLUTION
Solution For Finacle SB Issues Issues 1: How to see balance in SB Account at the time of deposit and withdrawal ? Solution: Invoke Menu CTM and then Enter Account Number Please see below screen shot. Issues 2 : What to do when cheque is presented but not recognized by Finacle CBS? Issue noticed in one of CBS Post Office in Account number 0289818958 where instrument number 805380 was presented. Solution : When the cheque book is issued through the menu HCHBM, the radio button Acknowledge should be clicked as Yes. The issue was resolved by acknowledging the cheque through the menu HCHBM- Function Acknowledge and then verifying using the function Acknowledge Verify. Issues 3 : How to convert existing SBGEN (non cheque) account to SBCHQ (cheque account) ? First the account should be transferred to the SB cheque scheme using the menu HACXFRSC by PA. Supervisor has to verify the same. Then through the CASBAM menu option the...
Post Office Savings Bank General (Amendment) Rules 2014
CLICK HERE to view the MoF (DEA) Notification
Now, post offices can provide ATM cards, account statements
Post offices moved a step closer to becoming banks. The government has allowed certain eligible branches to issue ATM cards to their account holders and also account statements instead of giving out passbooks, as most private sector banks do. On Tuesday, the government issued a gazette notification amending the Post Office Savings Bank General Rules, 1981. The rules will come into force immediately. These facilities will be available to the branches that are working on core banking solution software, essentially branches that part of an electronic network. Post offices currently provide savings account, recurring deposits, fixed deposits and many other small savings schemes run by the government including the popular Public Provident Funds. The funds raised by them largely go to finance central and state governments. India post currently has about 1.55 lakh branches, nearly 90% are in the rural areas, which many experts see as a good vehicle for financial...
Various Accounts Closure in Finacle
SB ACCOUNT CLOSURE: Before account closure, withdraw the entire sum and make the balance zero In case of cheque account, select all the unused cheques and then destroy them. To close the SB account: Menu Option HCAAC Ø Select ‘Close’ Ø Enter the account no. Ø Navigate the General/Closure details/Closure exception pages Verification by the Supervisor Ø Select verify Ø Select the account no. from searcher or enter the account no. Ø Complete the vefication MIS Account Closure (By Cheque) Always use Trial close option first, note down the closure proceeds in HPR and then do the original closure. Ø Menu option - HCAACTD Ø Enter the MIS account number. Always use the Trial close option to verify the amount & click Go. Ø General / closure details / closure exceptions pages will be displ...