Thursday, November 10, 2016

New Procedure For Transfer of Certificates from one person to another in CBS offices

New Procedure For Transfer of Certificates from one person to another in CBS offices.

Old demonitised 500 & 1000 rupee notes will be accepted for making payments towards fees, charges, taxes and penalties till Midnight of 11.11.2016

Press Information Bureau
Government of India
Ministry of Finance
10-November-2016 16:13 IST

Old demonitised 500 & 1000 rupee notes will be accepted for making payments towards fees, charges, taxes and penalties payable to the Central and State Governments including Municipal and local bodies; 

This facility available only till midnight of 11th November, 2016.

The Central Government has taken a decision that old 500 & 1000 rupee notes will be accepted for making payments towards fees, charges, taxes and penalties payable to the Central and State Governments including Municipal and Local Bodies. Such old notes will also be accepted for making payment of utility charges for water & electricity etc. However, these facilities will be available only till midnight of 11th November,2016.

Postal Life Insurance (PLI) Vs LIC - Which is best?

Do you know your Post Office also offers Life Insurance? Even if you know then there is a huge confusion among buyers like whether to buy with the Post Office or with LIC, because the Government of India backs both. Hence, let us see which is best for whom.

What is PLI (Postal Life Insurance)?
PLI (Postal Life Insurance) is exactly like any Life Insurance company, for example LIC or ICICI Pru Life Insurance. The only difference is, it is run and managed by Post Office. PLI currently offers only traditional plans. Therefore, no term insurance or ULIPs.

How many types of policies PLI (Postal Life Insurance) offers?
Currently PLI offers below mentioned traditional endowment products.

1) Whole Life Assurance Policy (Suraksha).
This is exactly like LIC’s Whole Life Policy. The nominee will receive the accrued bonus and sum assured after the death of the policyholder. Minimum age at entry is 19 Yrs and maximum is 55 Yrs. Minimum Sum assured is Rs.20, 000 and maximum Sum Assured is Rs.10, 00,000.

2) Endowment Assurance (Santosh).
This is a typical endowment plan where a policyholder gets sum assured along with bonus if he survive until the maturity period. In case of his death during the policy period, then his nominee will receive the sum assured along with accrued bonus. Eligibility criteria are same as that of Whole Life Assurance Policy (Suraksha).

3) Convertible Whole Life Assurance (Suvidha).
This plan is exactly like Endowment Assurance. The only difference is, if you don’t convert this policy to Endowment Assurance then it is treated as Whole Life Assurance plan.

4) Anticipated Endowment Assurance (Santosh).
This is typical money back endowment plan, where the maximum sum assured is restricted to Rs.5, 00,000. In this category, PLI offers two types of plans. One is 15 yrs and other is a 20 yr term.

5) Joint Life Assurance (Yugal Suraksha).
You can buy this policy with your spouse as co-insured. To avail this facility one the spouse must be eligible to buy PLI. Life Insurance coverage is for both husband and wife to the sum assured you bought. The maximum sum assured is Rs.1, 00,000.

6) Scheme for physically handicapped persons.
This plan is uniquely designed for handicapped persons. Based on the condition of handicap, premium raised or increased. Rest of plan features are exactly like the others.

7) Children Policy
PLI started to offer child policy from 2006. Few features are listed below.
  • It mainly covers the life insurance of children.
  • Maximum two children can be insured in a family.
  • Children between 5 Yrs to 20 Yrs are eligible for this plan.
  • Maximum Sum Assured is Rs.1,00,000.
  •  Premium waiver benefit in case of main policy holder dies.
  • In case of death of children, then sum assured along with bonus be payable to main policy holder.
  • Responsibility of premium payment rest with main policy holder.

So what is the difference between PLI and LIC?
  • Eligibility-To buy PLI you must be employee of the Central and State Governments, Central and State Public Sector Undertakings, Universities, Government aided Educational institutions, Nationalized Banks, Local bodies, etc. PLI also extends the facility of insurance to the  officers and staff of the Defense services and Para-Military forces. Where as LIC offers it’s plans to all citizens of India. So when it comes to flexibility to buy then LIC holds edge than PLI.
  • Plans offered-There is no such difference. Because LIC and PLI mostly dependent on traditional endowment type of Life Insurance Plans. But along with that LIC offers term insurance (recently LIC launched online term insurance), which is not at all touched by PLI.
  • Premium Rate-When compare to LIC or any private insurers, PLI offers cheap premium. So this is a most advantage of buying endowment plans with PLI than with LIC.
  • Bonus Rate-Bonus offered by PLI is in the range of 7% or more. Whereas currently LIC offers a bonus rate of around 4% to 5%.
  • Where to buy-In case of PLI, you have to visit to the Post Office where these schemes are offered. Whereas in case of LIC, you will easily get agents. These agents can come to your doorstep and offer the service. Along with that recently LIC launched an online buying also (restricted to online term plan and pension plan). Therefore, in case of buying LIC offers more flexibility than PLI.
  • Age Limit-PLI offers insurance to the age group of 19-55 yrs. Where as in LIC you can get the insurance coverage up to 75 yrs (not in all policies).
  • Maximum Sum Assured-PLI offers you the maximum sum assured of Rs.50 Lakh. Whereas, LIC offers an unlimited maximum sum assured.
  • Premium Payment-You need to visit the Post Office to pay the premium dues. However, in case of LIC, you can pay it in branch, collection points or through online.
  • Tax benefits-Both PLI and LIC offer same tax benefit for deduction under Sec.80C.
Considering all these features and differentiation between PLI and LIC, I feel PLI is still in olden days. Because it offers less insurance coverage, entry is restricted to only few, service issues, no term insurance and age limit. Whereas only two positive points that attract you towards PLI are lesser premium and higher bonus.
Whether it is prudent to buy endowment plans from PLI?

Even though PLI offers you higher return and lower premium compare to LIC and other private insurers, the returns in the long run may erode drastically if you consider the inflation. Along with that, you will be under insured due to restricted maximum insurance limit. Post Offices still not customer friendly. So you may face service issues and claim settlement issues.(now improved) 

Courtesy :

Full Speech : PM Says Old Rs.500/- and Rs.1000/- notes are no longer valid from 08 Nov 2016

FULL SPEECH: Rs 500, Rs 1,000 notes declared illegal from midnight, says PM Modi

Prime Minister Narendra Modi is addressing the nation after he reviewed the security situation with Chiefs of Army, Navy and Vice Chief of Air Force amid continuing Pakistani shelling along the border in Jammu and Kashmir


Rs. 2000 denomination notes to be introduced, says PM. On November 9, all banks will remain closed for public work. There will be no change in any other form of currency exchange be it cheque, DD, payment via credit or debit cards etc: PM Narendra Modi. On November 9 and in some places November 10, ATMs will not work. Respite for people for the initial 72 hours, Govt hospitals will accept old Rs 500 and 1000 notes till 11 November midnight. You have 50 days (From 10 Nov to 30 Dec) to deposit notes of Rs 500 & Rs 1000 in any Bank or Post office: PM. From Midnight Nov 8, 2016 today, Rs500 and Rs1000 notes are no longer legal tender. Corruption, fake currency and terrorism are festering wounds, holding back the economy, says PM.

Reserve Bank Governor explains on demonetisation of Rs.500/- &Rs.1000/- notes

Clarification on acceptance of WOS banknotes though Post Office Savings Bank Accounts / POSB Schemes

Clarification received from SSPOs, Bhubaneswar Division on acceptance of WOS banknotes though Post Office Savings Bank Accounts / P O S B Schemes

All India Postal Employees Union, Group-C
(Affiliated to National Federation of Postal Employees)
Bhubaneswar Divisional Branch
Ashoknagar Mukhya Dak Ghar, Bhubaneswar – 751 009

eMail :, Blog :

No. UN-BN/AIPEU-Gr.-C/02-11/2016
Dated at Bhubaneswar the 10.11.2016
The Senior Superintendent of Post Offices
Bhubaneswar Division
Bhubaneswar – 751 009

Sub: Clarification on acceptance of WOS banknotes though Post Office Savings Bank Accounts / P O S B Schemes

Ref.- i. S B Order No. 12 / 2016 (Dte.’s letter No. 116 – 11 / 2016 – SB, dated 08.11.2016)
ii. Dte.’s letter No. 116 – 11 / 2016 – SB, dated 09.11.2016
iii. C O eMail dated 10.11.2016

After going through the above orders on the captioned subject, a lots of confusions are arising as follows.

i. The introductory Para of S B Order No. 12 / 2016 circulated vide Dte.’s letter No. 116 – 11 / 2016 – SB, dated 08.11.2016 specifies deposits of WOS bank notes in Savings Accounts from 10thNovember to 30th December, 2016 and the same has been specified under Para 2 ( i ) of the said order.

ii. While no specific guideline has been issued in S B Order No. 12 / 2016 for accepting cash under any other POSB Scheme, Dte.’s letter No. 116 – 11 / 2016 – SB, dated 09.11.2016 specifies as follows:

a. Para -1 states that if KYC is not given by the depositor in any of the already opened accounts under any of the POSB Schemes, the amount can be deposited up to Rs.50000/- and if KYC already given, there is no limit on quantity or value of the specified banknotes (WOS) to deposit in the account up to 30th December, 2016.

b. Para 2 states that since MPKBY Agents are supposed to deposit amounts collected the same day, the contingency of these tendering Rs.500 / 1000 after 10th November, 2016 does not arise.

iii. But Circle Office eMail dated 10.11.2016 clarifies that deposits (WOS bank notes) from MPKBY agents can be accepted up 30-12-2016 which contradicts the instructions of the Directorate issued vide Para – 2 of letter No. 116 – 11 / 2016 – SB, dated 09.11.2016 reproduced above under Para – ii (b).

iv. Secondly, the clarification issued under Para – 1 of letter No. 116 – 11 / 2016 – SB, dated 09.11.2016 ( reproduced above under Para – ii (a) creates confusion as to whether WOS banknotes can be accepted under any other POSB Scheme or will be confined to PO Savings Bank Accounts only as specified in S B Order No. 12 / 2016 circulated vide Dte.’s letter No. 116 – 11 / 2016 – SB, dated 08.11.2016

Thus, it is requested to kindly arrange issuance of necessary clarification for smooth implementation of SB Order No. 12 / 2016 without any confusion.

With regards
Yours faithfully,

Copy for kind information and necessary action to :
1. The Asst, Director (FS), O / o the Chief Postmaster General, Odisha Circle, Bhubaneswar – 751 001
2. The Circle Secretary, AIPEU, Group-C, Odisha Circle, Bhubaneswar – 751 007
3. The General Secretary, AIPEU, Group-C, CHQ, New Delhi – 110 008

Reply by SSPOs, Bhubaneswar Division
Bhubaneswar DO
6:33 PM (18 minutes ago)

On the above issue it is hereby clarified that

1. WOS Currency Notes can be accepted for deposits in any of the POSB schemes subject to KYC compliance and rulings of the respective schemes up to 30.12.2016.

2. That deposits (WOS Bank Notes) from MPKBY agents can be accepted up to 30.12.2016and the existing instructions on cash deposit limits by MPKBY agents is to be followed.

On this issue Directorate email dated 10.11.2016 at 12.11 hrs circulated vide DO email dated 10.11.2016 at 16.10 hrs may kindly be referred to.

With regards

Yours faithfully. 
Sr Supdt of Post Offices,
Bhubaneswar Division

7% hike in 6th CPC Dearness Allowance from July, 2016 @ 132%: Order issued

7% hike in 6th CPC Dearness Allowance from July, 2016 @ 132%: Order issued

No. 1/3/2008-E.II(B)
Government of India
Ministry of Finance
Department of Expenditure

New Delhi, dated the 9th November, 2016.


Subject:- Rate of Dearness Allowance applicable w.e.f. 1.7.-2016 to employees of Central Government and Central Autonomous Bodies continuing to draw their pay in the pre-revised pay scale/grade pay as per 6th Central Pay Commission

Consequent upon acceptance of the recommendations of the Seventh Central Pay Commission by the Government, this Department vide O.M.No. 1/2/2016-E.II(B) dated 4th November, 2016 had. issued orders on rate of Dearness Allowance (DA) payable to Central Government employees based on the revised pay structure that came into effect from 01.01.2016.

2. The above rate, however, is not applicable to- those Central Government employees who had exercised an option to continue in the pre-revised scales of pay based on 6th CPC’s recommendations or to those whose pay and allowances had not been revised, for different reasons.

3. Further, as the recommendations of 7th CPC have not been made applicable to the employees of Central Autonomous Bodies as of now, they continue to draw their pay in the pre-revised pay band/grade pay as per 6th CPC recommendations. Therefore, the above rate of DA is also not applicable to these employees also.

4. The rate of DA w.e.f.01.01.2016 for Central Government employees and employees of Central Autonomous Bodies in pre-revised scale of pay, were issued by Department of Expenditure vide O.M.No. 1/1/2016-E.II(B) dated 7th April, 2016.

5. Accordingly, the rate of DA admissible to employees of Central Government and Central Autonomous Bodies who continue todraw their pay in the pre-revised pay band/grade pay as per 6th CPC recommendations, shall be enhanced from the existing 125% to 132% w.e.f. 01.07.2016.

6. The contents of this Office Memorandum may also be brought to the notice of the Organisations under the administrative control of the Ministries/Departments which have adopted the Central Government scales of pay.

(Nirmala Dev)
Deputy Secretary to the Govt. of India

Mail From DTE about Acceptance of 500 and 1000 notes from MPKBY agents and about availability of Annexure II

Respected Sir/Madam,

Please ensure availability of sufficient stock of Annexure-II format at post offices as communicated vide SB order no. 12/2016. The Annexure-II is meant for exchange of Withdrawn Old series of banknotes in denomination of Rs 500/- and Rs 1000/- and its availability in post offices may be displayed on notice board of the Post Offices for information of general public.

In respect of clarificatory instructions issued on 9.11.2016 some of the Circles have raised some queries on point no. 02 regarding acceptance of deposits (WOS bank notes) from MPKBY agents. It is clarified that deposits (WOS bank notes) from MPKBY agents can be accepted up 30-12-2016 and the existing instructions on cash deposit limits by MPKBY agents is to be followed. 

Secretary General , NFPE met with Secretary (Posts) on 10.11.2016

Com. R N Parashar, Secretary General, NFPE accompanied with Com. N Chandrashekhar. Organizing Secretary P3 CHQ met Sri. B. V. Sudhakar. Secretary, Department of Posts on 10.11.2016 and discussed various issues as follows:
1. Supply of fake currency detecting machine 
2. GDS Committee and GDS Membership verification 
3. Result of regular membership verification 
4. Holding of JCM Deptl. Council Meeting 
5. Cadre Restructuring for left out categories 
Secretary gave positive assurance on all matters. 

Addendum-II to SB Order No.05/2016 On Transfer Of Accounts/ Certificates

To view please Click Here.



Use This Poster At SB and Currency Exchange Counter To Avoid Inconvenience To All

Dear Friends,

As you all know general public will rush to post offices to exchange or deposit their money. To avoid inconvenience to our staff we have prepared this poster. Take a print out and paste on your counters.

Please be patient and sympathetic, as all the general public are in state of panic. Try to be cheerful and be friendly with everyone.

Hope you will have a great day at work.

One More Poster For Your Convenience

One More Poster For Your Convenience

Soon, more currency notes will have new design, features, says economic affairs secretary Shaktikanta Das

NEW DELHI: Even as banks opened around the country with reports of long lines and frayed tempers, Finance minister Arun Jaitley today assured people that demonetising high-denomination currency is beneficial to all in the long run, despite short-term problems. And there will be more currency notes - not just Rs 500 - that will be reintroduced with a new design and features, added economic affairs secretary Shaktikanta Das. 

The economic affairs secretary didn't give a time-frame or details of which other notes will be redesigned, but he did say that in the coming months, the Rs 1,000 notes will also be brought in with a new design. 

Minister Jaitley, Das and chief economic adviser Arvind Subramanian were all addressing an Economic Editors' conference in New Delhi today, where most, if not all, questions were about the scrapping of Rs 500 and Rs 1,000 notes. 

About the sudden nature of the announcement to scrap these notes - a decision made to halt terror being funded by Pakistan, and to stem the rising tide of black money - Das said that the process had been under way for the last few months. 

"Only 2-3 people in the RBI were involved in the designing of notes," said Das. 

The demonetisation plan, the best kept secret in the power corridors of the national capital, was a tightly policed affair with only a handful of top officials privy to the move. Apart from ministers at the Cabinet meeting who had to remain in quarantine for a while, members of the Reserve Bank of India (RBI) board too left only after PM Narendra Modi's speech two days ago when he announced the ban. 

Finance minister Jaitley also reiterated what Prime Minister Modi said two days ago about conspicuous consumption and how it relates to the scrapping of the 500 and 1,000 rupee notes. 

"This decision will impact the spending habits of people," Jaitley said, likely referring to conspicuous consumption, as also to illegal, mostly-cash real estate deals. 

Jaitley again assured the people that the RBI has taken all necessary steps to keep banks open to the extent necessary. It has already been decided to keep banks open on the weekend, he added. 

""There will be an impact on small purchases for a few days, till there is adequacy of currency, but it is beneficial in long run," Jaitley said adding, "It is only those with large amounts of undisclosed money who will have to face the consequences under existing laws," Jaitley said 

In fact, chief economic adviser Arvind Subramanian succinctly described the demonetization.

"Instead of seeing it as a reduction of wealth, it must be seen as transfer of unaccounted wealth...a transfer of this unaccounted wealth from the private sector to the government and public sectors, which will (then) boost the economy," Subramanian said.

Important Instructions from Directorate reg Withdrawal of Legal Tender Character of existing Rs.500/- and Rs.1000/- banknotes

Clarification regarding acceptance of Rs.500/- and Rs.1000/- or on deposit in Post Office from 10.11.2016

Clarification received from directorate through email regarding acceptance of Rs.500/- and Rs.1000/- in Post Offices. In connection to this SB Order has been released by Directorate(Postal)

In continuation of the Orders, Clarification also received from directorate for acceptance of Rs.500/- and Rs.1000/- in Savings Bank accounts such as SB,RD,TD

As per SB Order 12/ 2016 only November 9, 2016 is a non business working day for all POs.  Hence on 10.11.2016 as of now POs can do their regular activities.

Click below for more clarification

How do you check for a counterfeit Indian Rupee Note?

These notes contain distinct easily recognizable security features to facilitate the detection of genuine notes vis-à-vis forgeries.


The Mahatma Gandhi Series of banknotes contain the Mahatma Gandhi watermark with a light and shade effect and multi-directional lines in the watermark window.

Security Thread:

  1. The Rs.500 notes have a security thread with windowed security thread alternately visible on the obverse with the inscriptions ‘Bharat’ (in Hindi), and ‘RBI’.
  2. When held against the light, the security thread on Rs.500 can be seen as one continuous line.
  3. The security thread appears to the left of the Mahatma's portrait.
  4. Notes issued prior to the introduction of the Mahatma Gandhi Series have a plain, non-readable fully embedded security thread.

Latent Image:

  • On the side of Rs.500, a vertical band on the right side of the Mahatma Gandhi’s portrait contains a latent image showing the respective denominational value in numeral.
  • The latent image is visible only when the note is held horizontally at eye level.

Micro Lettering:

  • This feature appears between the vertical band and Mahatma Gandhi portrait.
  • The Rs. 500 notes contain the denominational value of the notes in micro letters. This feature can be seen better under a magnifying glass.


  • The portrait of Mahatma Gandhi, the Reserve Bank seal, guarantee and promise clause, Ashoka Pillar Emblem on the left, RBI Governor's signature are printed in intaglio i.e. in raised prints, which can be felt by touch.

Identification Mark:

A special feature in intaglio has been introduced on the left of the watermark window on all notes. This feature is in different shapes for various denominations (Rs. 20-Vertical Rectangle, Rs.50-Square, Rs.100-Triangle, Rs.500-Circle, Rs.1000-Diamond) and helps the visually impaired to identify the denomination.


  • Number panels of the notes are printed in fluorescent ink. The notes also have optical fibres. Both can be seen when the notes are exposed to ultraviolet lamp.

Optically Variable Ink:

  • This security feature is incorporated in Rs.500 notes with revised colour scheme introduced in November 2000.
  • The numeral Rs.500 is printed in optically variable ink viz., a colour-shifting ink.
  • The colour of the numeral 500 appears green when the note is held flat but would change to blue when the note is held at an angle.

See through Register:

  • The small floral design printed both on the front (hollow) and back (filled up) of the note in the middle of the vertical band next to the Watermark has an accurate back to back registration.
  • The design will appear as one floral design when seen against the light.

Legal provisions against counterfeiting:

Printing and circulation of forged notes are offences under Sections 489A to 489E of the Indian Penal Code and are punishable in the courts of law by fine or imprisonment or both.

Click below link to 

Know 11 ways methods to detect Rs.1000 counterfeit notes

Answers for doubts on Exchange of Invalid currencies of Rs.500/- and Rs.1000/-

Click below link to below for play the video on exchange of invalid currencies of Rs.500/- and Rs.1000/-

पोस्ट आॅफीसमध्ये भरा जुन्या नोटा, दिवसाला 10 हजार काढता येणार (Deposit WOS Bank Notes in Post Office, Withdraw Rs.10000/- in a day)

Interview of Hon'ble CPMG Maharashtra Circle Shri H. C. Agarwal on Maharashtra TV channel on 9th November 2016.