Friday, September 25, 2015

Payment of Dearness Allowance to Central Government employees - Revised Rates effective from 1.7.2015 : Finmin order


No. 1/3/2015-E-II (B)
Government of India
Ministry of Finance
Department of Expenditure
North Block New Delhi
Dated the 23rd September, 2015.

OFFICE MEMORANDUM



Subject: Payment of Dearness Allowance to Central Government employees - Revised Rates effective from 1.7.2015.


The undersigned is directed to refer to this Ministry’s Office Memorandum No. 1/2/2015-13-11 (B) dated rot" April, 2015 on the subject mentioned above and to say that the President is pleased to decide that the Dearness Allowance payable to Central Government employees shall be enhanced from the existing rate of 113% to 119% with effect from 1st July, 2015.

2. The provisions contained in paras 3, 4 and 5 of this Ministry’s O.M. No. 1(3)/2008-E-II(B) dated 29th August, 2008 shall continue to be applicable while regulating Dearness Allowance under these orders.

3. The additional installment of Dearness Allowance payable under these orders shall be paid in cash to all Central Government employees.

4. These orders shall also apply to the civilian employees paid from the Defence Services Estimates and the expenditure will be chargeable to the relevant head of the Defence Services Estimates. In regard to Armed Forces personnel and Railway employees, separate Orders will be issued by the Ministry of Defence and Ministry of Railways, respectively.

5. In so far as the employees working in the Indian Audit and Accounts Department are concerned these orders are issued with the concurrence of the Comptroller and Auditor General of India.

sd/-
(A. Bhattacharya)
Under Secretary to the Government of India


Source : http://finmin.nic.in/the_ministry/dept_expenditure/notification/da/da01072015.pdf

Roles & Responsibilities of various officials of Core Insurance Solution in POs

Roles & Responsibilities of various officials & officers on implementation of 'Core Insurance Solution' in POs


SBCO Preservation of Records Para26

Preservation period of closed account vouchers along with account opening form and List of Transactions has been revised to 10 Years vide SB Order 10/2010 dated 2.6.2010.

  1. LIST OF TRANSACTION 1 YEAR 
  2. VOUCHERS - 5 YEARS
  3. CONSOLIDATED JOURNAL - 1 YEAR
  4. UNDELIVERABLE PASSBOOKS - 1 YEAR
  5. STATISTICAL REGISTER - 3 YEARS

Guidelines to be followed while Opening an Account in DOP Finacle

Account Opening Guidelines in DOP Finacle

  1. Complete address along with the Pincode should be provided at the appropriate columns.
  2. In the case of already existing CIF, if the photograph & Signature are accessible from Finacle, there is no need to collect new photo from the Applicant afresh.
  3. In case updation needed, use KYC Updation form only.
  4. Signature is mandatory for witnessing nomination.
  5. New AOF need not be collected while opening RD Loan A/Cs.

Keep in Mind the following points before submit the documents to CPC

  • Only one Account per AOF.
  • Name & Address in Form and Proof should be identical (KYC documents should be verified by the PO itself)
  • Type of Account should be mentioned in AOF
  • While opening NSC/KVP, the Registration Number should be compulsorily furnished
Thanks to dopfinacle.blogspot.in