Thursday, December 17, 2015

CBS Addon Revised Version 3.2 dated 17.12.2015

  • DPT_invalid_pdate_for_purchased_accounts_in_binder_MDE (KVP,NSC,NSCIX)

DM Utility Tool v4.6 dated 16.12.2015

DM Utility Tool is an important step of preparing data for migration:

The software tool is available in the following link with manual. After downloading check the version of SP Tool (“V4.5”) and DM Utility Tool (“V4.5”) after opening the version.txt available in the deliver folder otherwise revert back to DMCC Chennai for clarification. Also go through the manual in the tool to check the desktop settings are correct. Download the file ‘’, ‘’, ‘solid.xls’ available in the folder ‘Golivedate_<Golive_Date>_<Day_End_Date>’ along with DM_Utility Tool and POName_Pincode_Update_Tool (mandatory). 
  • Follow the instructions given in ‘Procedure.pdf’ to run the tool. 
  • Then, run RunALL.bat’ which will automatically run both SP Tool and DM_Utility Tool. 

Download Link - DM Utility Tool v4.6

Data Profiling Tool v7.3 dated 16.12.2015

Download Data Profiling Tool v7.3 dated 16.12.2015 uploaded on 17.12.2015

Difference between National Pension System (NPS) and Atal Pension Yojana (APY)


Recently Central Government launched one more pension scheme called Atal Pension Yojana. So what is the difference between existing National Pension System (NPS) and Atal Pension Yojana (APY)?


Let us point one by one.

1) Age of joining–

The age for joining the National Pension System (NPS) is 18-60 years. Whereas for Atal Pension Yojana (APY) the age eligibility is 18-40 years.

2) Who can join?

All Indian citizens can join NPS (whether they are resident or non-resident). Whereas for APY only Resident Indians are allowed to join.

3) Pension Slabs–

In case of NPS, there is no such standard pension slab. However, in APY the pension slabs are fixed like Rs 1,000/-, 2,000/-, 3,000/-, 4,000 and 5,000/- per month.

4) Types of Accounts–

In case of NPS, you have two types of accounts. One is Tier I and Tier II. Whereas, in case of APY there is no such differentiation.

5) Minimum and Maximum Contributions–

In case of NPS
For Tier I
You must contribute a minimum of Rs. 6,000 per annum. The minimum of Rs. 500 per contribution is required. In addition, you must contribute minimum 4 contributions per year. There is no maximum limit.
For Tier II
You have to contribute the minimum of Rs. 1,000 contribution at a time of account opening.
Subsequently, you have to contribute a minimum of Rs. 250 per subsequent contributions. Minimum Balance of Rs. 2,000 be maintained at the end of Financial Year (April-March). There is no maximum limit.

In case of APY
In case of APY, the minimum and range depends on the age. For example, the minimum monthly contribution for 18 years of age person is Rs.42 to get Rs.1,000 monthly pension. At the same time, the minimum monthly contribution for 40 years age person is Rs.291.

There is no upper limit of investment set for both NPS Tier I and Tier II Account. However, in case of APY, the maximum limit for 18 years of age is 210 to get a monthly pension of Rs.5, 000. At the same time, the maximum monthly contribution for 40 years of age person is Rs.1, 454.

6) Premature Withdrawal–

For NPS– Tier I
You can withdraw at age 60, 40% of accumulated amount be used to buy annuities from an IRDA approved insurance company, A phased withdrawal is also allowed, but the lump sum balance should be withdrawn before the age of 70 years.

To exit before 60 years age, only 20% of the lump sum to be cash withdrawal, 80% to be used to buy annuities from an IRDA approved insurance company.

On death before the age of 60, the nominee receives a lump sum.
Tier II
There is no restriction and you can withdraw it at any point of time.
For APY–
Once you attain the age of 60 years, then you have no option but to utilize 100% of the accumulated amount for a pension. No partial withdrawal is permitted.
You cannot withdraw in APY. Withdrawal is available only in case death or terminal diseases.

7) Choice of investment–

In case of NPS, you have primarily two choices. One is Auto Choice where the asset allocation among equity, Corporate Bonds, and Government Bonds are adjusted automatically based on age of a subscriber. Another is Active Choice, where you select your asset allocation (subject to the maximum of 50% in equity). In addition, you have a freedom to choose fund managers to manage your money.

In case of APY, there are no such options.

8) Tax Benefit–

While Investing–
The tax benefit in NPS will be available only in case of Tier I account, but not for Tier II account.

Employer contribution to the NPS on behalf of an employee will get a deduction from his income (i.e. employer’s income) an amount equivalent to the amount contributed or 10% of BASIC SALARY + DA of the employee, whichever is less. (Section 36 (1) (iv a) of the Income Tax Act 1961).

Employer’s contribution to NPS on behalf of the employee is treated as perquisite in the hands of the employees. However, it is deductible u/s 80CCD (2) of the IT Act, 1961 to the extent of 10% of basic salary. This deduction is over and above the limit of Rs.1.5 lac u/s 80 CCD (1). This will lessen the tax burden of the employee to the extent of amount deductible u/s80CCD (2) of the IT Act, 1961.
Contribution by an individual employee is eligible for a deduction from Income under Section 80CCD (1) of the IT Act 1961 up to Rs 1.5 Lakhs. However, investments under Section 80C Section 80CCC and 80CCD(1) should not exceed Rs.1.5 lakhs per assessment year to claim the deduction.

An additional tax benefit of Rs.50,000/- under section 80CCD (1B) per year (applicable from FY 2015-16/AY 2016-17) for NPS investments.

There are no such tax benefits of investing in APY.
While receiving pension–
Both NPS and APY pension is treated as taxable income under the head of a salary.

9) Where to open an Account?

In case of NPS, you have to open the account by visiting the nearest Point of Presence (POP) branch to open the account. This account could also be opened online through CAMS online, India Post etc.

In case of APY, you have to approach the bank/Post Office where your savings bank account is held.

10) Nomination facility-

In case of NPS, the nomination is not mandatory. However, you can nominate a maximum of 3 members. The total sum sharing of all these nominees must be equal to 100%.

In case of APY, the nomination is mandatory. You have to provide nominee details while opening the account.

11) How much return you can expect?

In case of NPS, returns are not guaranteed. It depends on the performance of the fund. Whereas, in case of APY, returns not disclosed. But set the fixed monthly pension.

12) Government contribution–

In case of NPS, the Central Government and State Government employee’s contribution are fixed at 10% of the Basic and Dearness Allowance (DA) per month which is matched by an employer contribution of the same amount. For the rest of the people, there is no Government contribution.
In APY, the Government will also contribute 50% of the total contribution or Rs. 1,000/- per annum, whichever is lower, to the eligible APY account holders who join the scheme during the period 1st June, 2015 to 31st December, 2015. The Government contribution will be for 5 years from FY 2015-16 to 2019-20. This contribution to APY will not be applicable to those members who are-
Income Tax Payers.
Employees’ Provident Fund & Miscellaneous Provision Act, 1952.
The Coal Mines Provident Fund and Miscellaneous Provision Act, 1948.
Assam Tea PlantationProvident Fund and Miscellaneous Provision, 1955.
Seamens’ Provident Fund Act, 1966.
Jammu Kashmir Employees’ Provident Fund & Miscellaneous Provision Act, 1961.
Any other statutory social security scheme.

13) Who manages?

NPS is managed by PFRDA. The APY scheme is administered by the PFRDA/Government.
14) Permanent Account Number–
In case of NPS, you will get the unique Permanent Retirement Number (PRAN). By quoting this PRAN, you can operate NPS sitting across India. There is no such facility in APY.

15) How many accounts, one can open?

For both NPS and APY an individual can open only ONE account.

SB Order No.17 /2015 regarding mandatory use/opening of Savings Account in CBS Post Offices- Further Clarifications on SB order 12/2015

SB Order No.17 /2015 regarding mandatory use/opening of Savings Account in CBS Post Offices- Further Clarifications on SB order 12/2015

जिस दिन आएंगे ऑफिस, तभी से होगी वेतन में बढ़ोतरी

नई दिल्ली। जस्टिस एके माथुर की अध्यक्षता वाले सातवें वेतन आयोग ने केंद्र सरकार को अपनी सिफारिशें सौंप दी हैं। इस पर सरकार ने अमल करना भी शुरू कर दिया है। आयोग ने सिफारिश की है कि 1 जनवरी 2016 से सरकारी कर्मचारियों को आयोग की सिफारिशों के अनुसार बढ़ा हुआ वेतन दिया जाए।
यह भी कहा कि अगर कोई कर्मचारी 1 जनवरी 2016 को किसी कारणवश या छुट्टी की वजह से ऑफिस नहीं आता है, तो आयोग की सिफारिशों के मुताबिक बढ़ा हुआ वेतन एक तारीख से नहीं दिया जाए। हर सरकारी कर्मचारी को बढ़ा हुआ वेतनमान उस दिन से मिलेगा, जिस दिन से वो साल 2016 में ऑफिस ज्वाइन करेगा।
कम से कम वेतन 18 हजार महीना
63% बढ़ेंगे भत्ते।
16% मूल वेतन में वृद्धि।
03% सालाना वेतन वृद्धि।
18 हजार न्यूनतम मासिक वेतन।
2.5 लाख अधिकतम मासिक वेतन यानी केबिनेट सचिव को इतना वेतन मिलेगा, बाकी शीर्ष अफसरों का वेतन 2.25 लाख होगा।
10 लाख से बढ़ाकर 20 लाख हो ग्रैच्युटी। डीए 50 फीसदी बढे़ तो ग्रैच्युटी 25 फीसदी बढे़।
7.5 लाख से 25 लाख तक का घर खरीदने के लिए बिना ब्याज एडवांस।
पैरामिलिट्री के जवान या अफसर की ड्यूटी के दौरान मौत पर शहीद का दर्जा मिले।
एक सैलरी, एक पोस्ट का नियम लागू हो।
52 तरह के भत्ते खत्म हों। पे बैंड और ग्रेड पे खत्म हो।
ग्रुप ए अफसरों को आईएएस के बराबर वेतन मिले।
SOURCE - patrika.

R K Chaturvedi appointed Joint Secretary in 7th Pay Commission implementation cell

New Delhi : Senior IAS officer R K Chaturvedi has been appointed as Joint Secretary in seventh Central Pay Commission’s implementation cell as part of mid-level bureaucratic reshuffle effected today by the government. As many as five new Joint Secretaries, three non-IAS officers, have been appointed to different Central government ministries. Chaturvedi, a 1987 batch IAS officer

of Madhya Pradesh cadre, has been appointed to the post under Department of Expenditure. He is presently working as Resident Commissioner in Madhya Pradesh Bhawan here. 

Chaturvedi will hold the charge for five years, an order issued by Department of Personnel and Training said. IPS officer Praveen Vashista has been appointed as Joint Secretary in Home Ministry. The order of Vashista, a 1991 batch IPS officer of Bihar cadre, regarding his appointment as
JS in Mines Ministry has been cancelled, it said. Subhash Chandra, a 1988 batch Indian Forest Service officer, will be new JS in the Mines Ministry.

Meera Swarup, an Indian Audit and Account Service officer, has been appointed JS and Financial Adviser in Department of Expenditure. Senior IAS officer Deepti Umashankar, Joint Secretary in Cabinet Secretariat, has been moved to a newly created JS-level post within the same office, the order said without mentioning the further details of the post.

SOURCE - india.c om

Government may not accept all the recommendations of 7th pay commission

7th Pay Commission – Government may not accept all the recommendations of 7th pay commission

Reacting to news that the government may look to soften the financial impact of the recommendations of the 7th Pay Commission by pushing out some payments into future fiscal years, the panel’s chairman Justice Ashok Kumar Mathur said he wouldn’t be surprised with such a move and added that the practice existed even during implementation of previous pay commissions’ reports.

It is widely reported that the government may not implement all the recommendations of the Commission and that some payouts, such as house rent allowance, may pushed out beyond fiscal year 2017.

In an exclusive interview, Justice Mathur admitted that the cost of panel’s recommendations may exceed the forecast of about Rs 74,000 crore for the Union Budget and Rs 28,000 crore for the Railway Budget, and added that payments of allowance could result in higher payouts.

“But I am happy that the government may be intending to release salary and pension payments immediately [as per sources quoted by the CNBC-TV18 report],” he said, adding that he had had no communication with the government post submission of his report.

The Pay Commission, which issues recommendations for a payments hike for government employees once every 10 years, has in its 7th report sought a 16 percent hike pay, 138.71 percent hike in house rent allowance and a 26.63 percent hike in pension, resulting in an overall hike of 23.55 percent.

Sources say the government is looking to absorb payment hikes to the tune of Rs 50,000-60,000 crore next fiscal, when the commission’s report will have to be implemented, out of the Rs 74,000 crore projected by the panel.

Below is the transcript of AK Mathur’s interview with Shereen Bhan on CNBC-TV18.

Question – Let me start by asking you for your first comment on what we are picking up from sources within the government at this point in time. What top government officials seem to be suggesting to us is that payment for allowances may perhaps be staggered and at this point in time, the Pay Commission recommendations and the payout will be confined to the salary and the pension component and also suggesting that some of the perks of the Seventh Pay Commission as recommended are notional and may not be accepted by the government. How would you respond to this information?

Answer – I have no idea what recommendation they are going to respond and what not they are going to respond, but I am very happy if that is the attitude of the government, that they will immediately release the salary and the pension part, because about 46 lakh people will be benefitted by the pay hike and similarly the greater pay hike will be to the pensioners.

That constitutes almost 52 lakh people. So, I am very happy that they have decided to release that immediately. And they can consider of releasing the allowances after sometime looking to their financial position.

However, we have tried to make it that the recommendation should be well within the kitty of the government. But still we do not know how much of the actual burden will be on the exchequer. Only our rough estimate is about Rs 1,02,000 crore. But perhaps, on the calculation of the allowances, it might exceed a bit also.

Question – So, you are saying that on the basis of the allowance component, it may exceed the estimation and perhaps, the government then given the fiscal pressures at this point in time is well within its right to stagger the payment of the allowances. What has been the past precedent?

Answer – Past precedent has been government always delayed the payment of the allowances, payment of the recommendations in total. And the government do certain modifications, one way or the other and it depends upon the government that if their finances are well within the reach, then they can release forthwith or they can defer it for sometime also.

In the past also, the reports were always belated and sometimes, in the last Sixth Pay Commission, it took two years to implement them. But I am happy that they are going to implement the present Pay Commission’s recommendation which is given to them well within the time.

Government has sufficient time to react, they have to bring this Pay Commission’s recommendation with effect from January 1, 2016. We had given them a report in the early November. So, government has sufficient time to react on that.

Question – When you made that estimate of Rs 74,000 crore, that was the budgetary spend that you factored in as part of the Pay Commission, did you factor in the allowances as well?

Answer – We did of course, that is why we roughly estimate it to be Rs 1,02,000 crore. But actually, the allowance part is such a tricky thing that it depends upon your basic pay.

And sometimes, someone has some basic pay another fellow has some other basic pay. So, exactly, working out is very difficult. So, on an average, we have taken it that it should cost the government to the extent of Rs 1,02,000 crore but, it may exceed the calculation, go a bit deeper.

Dopt Minister Clarifies on Retirement Age 58 or 33 Years of Service

In Lok Sabha today(16.12.2015), the Dopt Minister Shri Jitendra Singh said that there is no proposal to reduce the retirement age to 58 years of age or 33 years of service for Central Government employees.

In a written reply for the question regarding the retirement age of Central Government employees in Parliament today (16.12.2015), the concerned Minster of State for Personnel Jitendra Singh said that the there is no such proposal to reduce the retirement age with the connection of 33 years of service.

List of Compulsory & Restricted Holidays for the year 2016 for CG Offices in WB

10-A, S.K.Bose Road, Kolkata – 700 001

Pt.II O.O.No.1650
Dated: 10-12-2015
Subject: List of Compulsory & Restricted Holidays for the year 2016
Consequent upon the decision taken by the Central Government Employees welfare co-ordination committee, kolkata, main office including railway section & REC (ER) of the principal controller of accounts (Fys), Kolkata and the Accounts offices under CFA (Fys) BGF will observe 17 (Seventeen) compulsory holidays as in Annexure – A and 2 (teo) Restricted Holidays from the list of Restricted holidays as in Annexure -B for the calendar year 2016. The date of holidays for the muslim festivals may be changed on sighting of the moon and decision to be taken by the state Government.

(Vidhu Aggarwal)
Asstt. Controller of Accounts (Fys)

Sl. No.
Holidays & Connected Festivals
Month & Date 2016 A.D.
Saka Date 1937 Saka Era
Day of the Week
Republic Day
January, 26
Magha, 06
Basant Panchami/Sri Panchmi
February, 12
Magha, 23
1938-Saka Era
March, 24
Chaitra, 04
Good Friday
March, 25
Chaitra, 05
Mahavir Jayanti
April, 20
Chaitra, 31
Buddha Purnima
May, 21
Visakha, 31
Idu'l Fitr
July, 06
Ashadha, 15
Independence Day
August, 15
Sravana, 24
Id-ul-Zuha (Bakrid)
September, 12
Bhadra, 21
Mahatma Gandhi's Birth Day
October, 02
Asvina, 10
Addl. Day for Dussehra (Maha Navmi)
October, 10
Asvina, 18
October, 11
Asvina, 19
October, 12
Asvina, 20
Diwali (Deepavali)
October, 30
Kartika, 08
Guru Nanak's Birthday
November, 14
Kartika, 23
Milad-Un-Nabi or Id-E-Milad (Birthday of Prophet Mohammad)
December, 13
Agrahayana, 22
Chirstmas Day
December, 25
Pausha, 04

Sl. No.
Restricted Holidays & Connected Festivals
Month & Date 2016 A.D.
Saka Date 1937 Saka Era
Day of the Week
New Years Day
January, 01
Pausha, 11
Makar Sankranti, Magha Bihu (Assam)
January, 14
Pausha, 24
January, 15
Pausha, 25
Guru Govind Singh's Birthday
January, 16
Pausha, 26
Fateha Yaz Dahum (Giarween Sharif)
January, 22
Magha, 02
Netaji’s Birthday
January, 23
Magha, 03
Guru Ravidas's Birth Day
February, 22
Phalguna, 03
Swami Dayananda Saraswati’s Jayanti
March, 04
Phalguna, 14
Maha Shivaratri
March, 07
Phalguna, 17
Birthday of Sri Ramkrishna
March, 10
Phalguna, 20
1938, Saka Era
Indian New Year’s Day
March, 21
Chaitra 01
Holika Dahan/ Dolyatra
March, 23
Chaitra, 03
Dr. B.R. Ambedkar’s Birthday/Masadi/Vishu/Vaisakhi
April, 14
Chaitra, 25
Ram Navami
April, 15
Chaitra, 26
Hazarat Ali's Birthday
April, 21
Vaisakha, 01
Birthday of Rabindranath Tagore
May, 08
Vaisakha, 18
May, 23
Jyaistha, 02
Jamatri Sasthi (Bengal)
June, 10
Jyaistha, 20
July, 01
Ashadha, 10
July, 03
Ashadha, 12
July, 06
Ashadha, 15
Naga Panchami
August, 07
Sravana, 16
Parsi New Year
August, 17
Sravana, 26
Raksha Bandhan/Amar Nath Yatra
August, 18
Sarvana, 27
August, 25
Bhadra, 03
Vinayaka Chaturthi/ Ganesh Chaturthi
September, 05
Bhadra, 14
Onam or Thiru Onam
September, 14
Bhadra, 23
Vishwkarma Puja
September, 16
Bhadra, 25
Mahalaya Amavasya
September, 30
Asvina, 08
Durga Puja (Mahasaptami Bengal)
October, 08
Asvina, 16
Durga Puja (Maha Ashtami Bengal)
October, 09
Asvina, 17
Kojagari Lakshmi Puja
October, 15
Asvina, 23
Maharishi Valmiki's Birthday
October, 16
Asvina, 24
October, 29
Kartika, 07
Govardhan Puja
October, 31
Kartika, 09
Bhai Duj/Bhatri Dwitiya (Bengal)
November, 01
Kartika, 10
November, 06
Kartika, 15
Jagadhatri Puja
November, 09
Kartika, 18
Pushkar Fair
November, 14
Kartika, 23
Guru Teg Bahadur's Martyrdom Day
November, 24
Agrahayana, 03
Christmas Eve
December, 24
Pausha, 03

Discontinuation of National Savings Certificate (IX Issue) with effect from 20.12.2015 - SB Order No. 16/2015