Tuesday, January 31, 2017

Transfer of money consequent of promotion of a GDS under SDBS to a regular in Department of Posts

DEPARTMENT OF POSTS:INDIA
OFFICE OF THE DIRCTOR OF ACCOUNTS (POSTAL)
MAHANADI VIHAR, CUTTACK-753004

NO: SDBS(2010)/Corr/ Dated : 30/01/2017

To
The SSPOs/SPOs/SSRM/SRM 

Sub:- Transfer of money consequent of promotion of a GDS under SDBS to a regular Dept.. post

This is regarding transfer of money of those GDS enrolled under SDBS subsequently being absorbed /promoted to a regular Departmental post. Under this circumstances the GDS are required to quit the SDBS scheme immediately and apply for transfer the accrued accumulations in their PR Account under the SDBS as well as accrued severance amount earned till their date of such absorption/regular appointment to their new account under New Pension Scheme.

Hence you are requested to identify such cases in the units under your jurisdiction & supply them prescribed SDBS-1 to apply. SDBS-I forms duly filled by the applicant & enlisted by the Divn in form SDBS-2 may please be sent to this office for onward submission to the NSDL for transfer of money to the new account as well as deactivating the old one.

Pl. find a copy of form SDBS-I & SDBS-2 with this letter.

Asst. Accounts Officer

Good news! RBI may lift weekly cash withdrawal limit by February end

With cash situation improving, there will be little need to have withdrawal restrictions: Bankers
With the cash crunch situation easing, the Reserve Bank might do away with the weekly withdrawal limits from banks as well as ATMs by the end of next month, bankers said.


The RBI had recently raised the ATM withdrawal limit to Rs 10,000 a day but maintained the weekly cap at Rs 24,000 for saving account and Rs 1 lakh for current account holders.

“I think the restrictions on withdrawal by RBI should be completely lifted by February-end or by first half of March as cash situation is easing gradually,” Bank of Maharashtra executive director R K Gupta told PTI.

It is entirely RBI’s decision and the central bank would decide after making holistic assessment of the situation, he said.

According to SBI’s research report Ecowrap, “By the end of February, 78-88 per cent of the currency could be back in the system under the best case scenario in terms of an optimal currency distribution (more small denomination notes),” the report said, adding that “it seems within next 2 months things would be pretty close to normal.”

Another senior public sector bank official said the situation is easing and it is a matter of weeks when the curb on withdrawal gets eased.

“My hunch is that it should happen before end of the current fiscal,” the official said, adding, RBI has been progressively easing the curb.

The RBI had earlier increased the daily withdrawal limit from ATMs to Rs 4,500 from Rs 2,500 effective January 1, just a day after 50-day demonetisation period ended.

Meanwhile, RBI Governor Urjit Patel could not set a time frame before the Standing Committee on Finance for return of normalcy in the banking system even as the central bank asserted that Rs 9.2 lakh crore or 60 per cent of demonetised currency has been replaced.

In a surprise move on November 8, Prime Minister Narendra Modi had announced demonetisation of old Rs 500 and Rs 1,000 notes.

Following the decision, the RBI had put restrictions on withdrawal of cash from ATMs as well as from banks to deal with shortage of new high denomination currency notes. This led to long queues at ATMs and bank branches.

All over the country, the banks had to deal with huge rush of people who thronged their branches to deposit junked notes. The deadline for depositing old notes with banks ended on December 30.
Source:B-S

RBI Circular: No Limit for Cash Withdrawal from ATMs from February 1

RBI/2016-17/217
DCM (Plg) No. 2905/10.27.00/2016-17

January 30, 2017

The Chairman / Managing Director / Chief Executive Officer,
Public Sector Banks / Private Sector Banks / Foreign Banks,
Regional Rural Banks / Urban Co-operative Banks,
State Co-operative Banks / District Central Co-operative Banks

Dear Sir/Madam,

Limits on Cash withdrawals from Bank accounts and ATMs - Restoration of status quo ante


Please refer to our circular DCM (Plg) No.1226/10.27.00/2016-17 dated November 08, 2016 placing limits on Cash withdrawals from bank accounts and ATMs in the wake of withdrawal of Legal Tender Character of Specified Bank Notes (SBN) and subsequent circulars DCM (Plg) Nos.1256, 1274, 1317, 1437, 2142 and 2559 dated November 11, 14, 21, 28, December 30, 2016 and January 16, 2017 respectively, providing for relief and relaxations therefrom.

2. On a review of the pace of remonitisation, it has been decided to partially restore status quo ante as under:
  1. Limits placed vide the circulars cited above on cash withdrawals from Current accounts/ Cash credit accounts/ Overdraft accounts stand withdrawn with immediate effect.
  2. The limits on Savings Bank accounts will continue for the present and are under consideration for withdrawal in the near future.
  3. Limits vide the circulars cited above placed on cash withdrawals from ATMs stand withdrawn from February 01, 2017. However, banks may, at their discretion, have their own operating limits as was the case before November 8, 2016, subject to 2 (ii) above.
3. Further, banks are urged to encourage their constituents to sustain the movement towards digitisation of payments and switching over of payments from cash mode to non-cash mode.

4. Please acknowledge receipt.

Yours faithfully,

(P Vijaya Kumar)
Chief General Manager


Here are the highlights of President Pranab Mukherjee's speech - IPPB

GDS compassionate cases - CRC minutes

GDS compassionate cases - CRC minutes

Click Here to view the CRC minutes dated 10.01.2017 and 11.01.2017 on GDS compassionate cases.

MINUTES OF THE MEETING HELD UNDER THE CHAIRMANSHIP OF SECRETARY, DOP&T ON 23.01.2017

MINUTES OF THE MEETING HELD UNDER THE CHAIRMANSHIP OF SECRETARY, DOP&T ON 23.01.2017 TO CONSIDER THE CASES OF INTER CADRE TRANSFER / DEPUTATION / EXTENSION OF INTER CADRE DEPUTATION REQUIRING RELAXATION OF PROVISION(S) OF THE GUIDELINES

A meeting was held on 23.01.2017 under the Chairmanship of Secretary(P) to consider the cases of inter cadre deputation/ inter cadre transfer requiring relaxation of provision(s) of the guidelines. The members of the committee EO&AS & AS(S&V) were present. Further, DS(AIS) & US(S-III) were also present to assist the Committee in the meeting.

The Committee took note of the Action Taken Report on the minutes of the previous meeting held on 19.12.2016. The Committee after detailed deliberations and careful consideration in each case took following decisions in the meeting:-

Case 1: Inter cadre deputation of Shri Siva Prasad Kakumanu, IAS (PB:93) from Punjab cadre to Andhra Pradesh cadre.
The Committee was informed that the officer has requested for inter cadre deputation to Andhra Pradesh cadre on personal hardship. The Committee after detailed deliberations decided to defer the proposal for the present.

Case 2: Inter cadre deputation of Smt. Pooja Pandey, IAS (AM:08) from Assam Meghalaya cadre to Uttar Pradesh cadre for a period of three years.
The Committee was informed that the proposal was earlier placed before the Committee in its meeting held on 31.03.2016 wherein the Committee decided that the proposal for inter cadre deputation of the officer may be processed only after receipt of no objection / consent from the Government of Meghalaya. Accordingly, after receipt of the consent from the Govt. of Meghalaya, the ACC note with the approval of MOS(PP) was forwarded to EO(SM.1) for onward submission to ACC. However, EO(SM.1) requested to clarify whether the due process of placing the subject proposal before the Committee has been followed or not after receipt of recommendation of Govt. of Meghalaya.

Having noted that all the concerned State Governments have conveyed consent for inter cadre deputation and the officer is clear from vigilance angle, the Committee after detailed deliberations recommended the proposal and directed to put up the same to EO(SM.1) for onward submission to ACC.

Case 3: Inter cadre deputation of Shri Ajay Katesaria, IAS (MP:2012) from Madhya Pradesh cadre to Jharkhand cadre for a period of three years.
The Committee was informed that the officer has requested to reconsider his proposal for inter cadre deputation on grounds of extreme hardship of medical nature of his mother. Further, both the States have conveyed their consent and the officer is presently clear from vigilance angle. The Committee after detailed deliberations recommended the proposal in relaxation of policy and directed to put up ACC note for the approval of ACC.

Case 4: Inter cadre deputation of Dr. Om Prakash, IAS (AM:2006) from Assam -Meghalaya cadre to Rajasthan cadre for a period of three years.
The Committee was informed that the officer has requested for inter cadre deputation to Rajasthan cadre. The officer has completed the required period of nine years. Further, consent from Govt. of Assam and Rajasthan has been received and the office is clear from vigilance angle. The Committee after detailed deliberations recommended the proposal and directed to put up ACC note for the approval of ACC after receipt of the consent from the Govt. of Meghalaya.

Case 5: Inter cadre deputation of Shri K. Thavaseelan, IAS (NL:12) from Nagaland cadre to Telangana cadre.
The Committee was informed that the officer has requested for inter cadre deputation on grounds of ill health of his father. The Committee observed that the officer has not completed the required period of nine years in his cadre. The Committee after detailed deliberations did not recommend the proposal of the officer as the same is not covered under the policy and directed to include it in the quarterly report to be submitted to ACC.

Case 6: Extension of inter-cadre deputation of Shri Pandurang Kondbarao Pole, IAS (JK:04) from Jammu & Kashmir cadre to Maharashtra cadre for a further period of two years beyond 02.02.2017.
The Committee was informed that officer has requested for extension of his deputation tenure. Further, both the state Governments have conveyed consent. The Committee after detailed deliberations recommended the proposal and directed to put up ACC note for the approval of ACC.

Case 7: Extension of Inter-Cadre Deputation (ICD) period of Shri Manish Kumar Verma, IAS (OR:2000) from Odisha cadre to Bihar cadre for a further period of two years beyond 22.03.2017 after completing a tenure of five years on inter cadre deputation.
The Committee was informed that the officer is working as Secretary to Hon’ble CM,Bihar and has requested for further extension of his inter cadre deputation tenure for a further period of two years beyond five years tenure. The Committee was also informed that in the past some officers have been granted extension of deputation beyond five years tenure to be posted as Secretary to the Chief Minister concerned. The Committee after detailed deliberations directed to place the proposal before the ACC for extension of deputation tenure for a further period of one year only, in relaxation of the extant policy. In case the proposal is considered favourably, it may be applicable for one year or till the officer is posted as Secretary to Hon’ble CM of Bihar, whichever is earlier. The tenure will be ended automatically if the officer is posted to any post other than Secretary to CM.

Meeting ended with thanks to the Chair.

Payments banks to have multiplier impact on system: FM Arun Jaitley

 Payments banks will have a "multiplier impact" on the banking system and financial inclusion, as they will provide doorstep banking to people in remote areas at lower cost and compete with traditional banks in future, finance minister Arun Jaitley said. 

Launching pilot services of India Post Payments Bank (IPPB) at Raipur and Ranchi on Monday, Jaitley said IPPB will expand operations to 650 districts by September. India Post, which got the permit to launch banking operations on January 20, is only the third entity to have received central bank's approval to start operations, after Airtel Payments Bank and Paytm. 

"The pattern in which the payments bank is being formed, the overhead cost is very less because the existing structure is being used. Going forward, a time will come when for small depositors, this payments bank will give competition to normal banking," Jaitley said. 

He said telecom companies have lakhs of stores which will start working as payments banks. Also with 1.55 lakh post office branches and the services of lakhs of postmen being converted into banking operations with the launch of India Post Payments Bank, the demand for a brick and mortar bank branches in far flung villages will get reduced. 

Payments banks can accept deposits of up to Rs 1lakh per account from individuals and small businesses. The new model of banking allows mobile firms, supermarket chains and others to cater to banking requirements of individuals and small businesses. The new banks will confine activities to acceptance of deposits, remittance services, Internet banking and other specified services.

Source:-The Economic Times

Instructions on EOD Process in DOP Finacle

Dear Team(s),

Kindly ask the sols to follow the guidelines given by the Directorate in SB order 5/2016 scrupulously.  
Kindly ensure that zone issues are reported before 15.00 hours for timely action at our end.

Kindly ensure that the Supervisors do the verification in time as stipulated in the SB order cited above. We come across SOLs wherein Supervisors are doing the verification leisurely.

Kindly ensure NIL deletions, replacements and unblockings in the frontend and backend from EOD point of view.

When the percentage of sols to complete the work is very little due to the delay in completion of work by the users and when connectivity issues are faced, the users and the CPCs concerned shall wait until the connectivity is restored and complete the work. This is in the interest of service and applies to all. The delay on the part of a handful of sols shall not scuttle the EOD process, DC closure, Back end activities such as downtime and maintenance activities please. CEPT EOD Team follows this rule and this applies to all please.

Your kind co operation is solicited in this regard.

Regards,
N. Sivakumar
CEPT (EOD Central Team), 
|L - 044 28524482|E: cbscept.eod@gmail.com

Letter to Circle Secretary, AIPEU GrC - AP CIRCLE

Manual Attendance may be Discontinued Immediately – PCDA Circular

“As per extant instructions, half-a-day’s casual leave should be debited for each day of late attendance, but late attendance upto an hour, on not more than two occasions in a month, and for justifiable reasons may be condoned by the competent authority.”
Principal Controller of Defence Account; (Central Command),
Carriapa Road, Lucknow Cantt, Pin-226002

Circular

No.AN/1A/1004/Misc/2017
Dated:27/01/2017

To
The CDA, RTC Lucknow
All Sub Offices
(under the organisation including lFAs)
All sections in main office

Sub:- Aadhar enabled Biometric Attendance System for marking attendance.

The Department of Personnel & Training vide letter No.11013/9/2014-Estt(A-III) dated 21st November 2014 (circulated vide Hqrs Office letter No. AN/III/3012/Misc/BAS dated 20.02.2015) has decided to use an AADHAR based Biometric Attendance System (AEBAS) in all offices of the Central Government, including attached/sub-ordinate offices in India.

Biometric Attendance System is only an enabling platform. There is no change in the instructions relating to office hours, late attendance etc. which will continue to apply. As per extant instructions, half-a-day’s casual leave should be debited for each day of late attendance, but late attendance upto an hour, on not more than two occasions in a month, and for justifiable reasons may be condoned by the competent authority. In addition to debiting Casual Leave(or Earned Leave, when no CL is available) disciplinary action may also be taken against government servants who are habitually late. Early leaving is also to be treated in the same manner as late coming.

Therefore, all the staff and officers will mark their attendance through AEBAS only. The manual attendance may be discontinued immediately.

GO(AN) has seen.

sd/-
(S.K.Gupta)
Sr. AO(AN)


Authority: http://pcdacc.gov.in/

India Post Payments Bank will be a game changer for financial inclusion - Manoj Sinha

Press Information Bureau,
Government of India
Ministry of Communications & Information Technology

30-January, 2017 18:27 IST

India Post Payments Bank will be a game changer for financial inclusion - Manoj Sinha IPPB branches launched in Ranchi & Raipur
Finance Minister, Shri Arun Jaitley and Minister of Communications Shri Manoj Sinha launched the operations of the India Post Payments Bank (IPPB) here today as two pilot branches at Raipur and Ranchi through video conferencing from Delhi.

Speaking on the occasion, Shri Jaitley said that about 650 IPPB branches will be opened by September this year and that will have a multiplier impact as far as banking in India is concerned. He said with IPPB, banking at the doorstep will no longer remain a mere slogan, but will become a reality due to huge postal network in the country. He said that financial Inclusion is critical for the socio-economic development of the country, but there are significant gaps in this area and a large proportion of country’s population remain unbanked or underbanked. IPPB will effectively leverage the ubiquitous post office network with its pan-India physical presence, long experience in cash handling and savings mobilization, backed by the ongoing project of IT-enablement, to bridge this gap in Financial Inclusion.

In his address, Minister of Communications Shri Manoj Sinha has commended the hard work done by the Department of Posts in setting up the India Post Payments Bank and hoped that both organizations will work in tandem to take the benefits of government schemes and financial services that are not easily available in rural areas to customers across the country and to the marginalized population in urban and rural areas alike. He said, the objective of IPPB will be public service rather than promoting commercial interests.

Secretary, Department of Posts, Shri B.V.Sudhakar said that the IPPB is widely expected to be a game changer for financial inclusion in the country as the USP of this initiative is doorstep banking, particularly in the rural areas.

As mandated by the RBI, the India Post Payments Bank (IPPB) would focus on providing basic financial services such as all kinds of payments; including social security payments, utility bill payments, person to person remittances (both domestic and cross-border), current and savings accounts up to a balance of Rs 1 lac, distribution of insurance, mutual funds, pension products and acting as business correspondent to other banks for credit products especially in rural areas and among the underserved segments of the society.

Set up us a 100% Government of India owned Public Limited Company under the Department of Posts, it will open around 650 branches in district HQ locations. All 1.55 lacs post offices including the 1.39 lac of the rural post offices will be mapped to the IPPB branch at the district headquarter and function as access points for IPPB. IPPB will usher in state of the art internet and mobile banking platforms, digital wallets and use innovative and emerging technologies to catalyse the shift from a cash dominant to a less cash economy.

While many other banks and financial institutions are working on the same theme, the USP of IPPB will be its ability to ease access and handhold the adoption of new age banking and payments instruments among citizen of all walks of life through the delivery by postmen and Grameen Dak sevaks, savings agents and other franchisees who will take banking to door steps. IPPB thus aspires to the most accessible, affordable and trusted bank for the common man with the motto - "No customer is too small, no transaction too insignificant, and no deposit too little".

Given 'in principle' approval by the RBI along with 10 other aspirants on 19th Aug 2015, IPPB received the cabinet’s approval on 1st June, 2016 and was incorporated as on 17th Sept, 2106. Today it became the second payments bank to launch its operations. Having got its final banking license from the RBI on the 20th Jan 2017 it has commenced operations in record time of 10 days in partnership with the Punjab National Bank, after obtaining all necessary approvals and registrations from the RBI, NPCI etc.

A commemorative stamp and a logo of the new bank were also launched on the occasion.

IPPB - Savings Account Opening Form Download link

India Post Payment Bank Account Opening Form - Download



Download

Transfer of money consequent of promotion of a GDS under SDBS to a regular in Department of Posts

DEPARTMENT OF POSTS:INDIA
OFFICE OF THE DIRCTOR OF ACCOUNTS (POSTAL)
MAHANADI VIHAR, CUTTACK-753004

NO: SDBS(2010)/Corr/ Dated : 30/01/2017

To
The SSPOs/SPOs/SSRM/SRM 

Sub:- Transfer of money consequent of promotion of a GDS under SDBS to a regular Dept.. post

This is regarding transfer of money of those GDS enrolled under SDBS subsequently being absorbed /promoted to a regular Departmental post. Under this circumstances the GDS are required to quit the SDBS scheme immediately and apply for transfer the accrued accumulations in their PR Account under the SDBS as well as accrued severance amount earned till their date of such absorption/regular appointment to their new account under New Pension Scheme.

Hence you are requested to identify such cases in the units under your jurisdiction & supply them prescribed SDBS-1 to apply. SDBS-I forms duly filled by the applicant & enlisted by the Divn in form SDBS-2 may please be sent to this office for onward submission to the NSDL for transfer of money to the new account as well as deactivating the old one.
.
Pl. find a copy of form SDBS-I & SDBS-2 with this letter.

Asst. Accounts Officer
NPS / SDBS

Shri Ram Vilas Paswan approves recommendations of 7th CPC for employees of Bureau of Indian Standards (BIS)

Press Information Bureau
Government of India
Ministry of Consumer Affairs, Food & Public Distribution
30-January-2017 15:01 IST

Shri Ram Vilas Paswan approves recommendations of 7th CPC for employees of Bureau of Indian Standards (BIS) 
Shri Ram Vilas Paswan, Union Minister of Consumer Affairs, Food and Public Distribution, has given approval for applicability of revised pay scales to employees of Bureau of Indian Standards (BIS) as per recommendations of 7th CPC.

The Union Minister said “Approval given to Bureau of Indian Standards (BIS) for applicability of revised pay scales to its employees on recommendations of 7th CPC. Financial arrangements to provide new pay scales to the employees of BIS will be made from own resources of this organization.”

Inauguration snapshots of First India Post Payments Bank (IPPB) Branches at Raipur & Ranchi on 30.01.2017

First Inauguration snapshot of pilot launch of India Post Payments Bank (IPPB) at Raipur & Ranchi on 30th January 2017
Click below link to view Inauguration video

Commemorative Postage Stamp & First Day Cover released by DOP on the occasion of pilot launch of IPPB

Commemorative Postage Stamp & First Day Cover released by Department of Posts on the occasion of pilot launch of India Post Payments Bank (IPPB) Shri Manoj Sinha Shri Arun Jaitley