Wednesday, January 31, 2018

SSC Important Notification regarding result & Exam Dates for Various Posts 2018


Staff Selection Commission (SSC) has published Important Notification regarding result & Exam Dates for Various Posts 2018, Check below for more details.

I. Examinations conducted during the last week
(a) The Commission conducted the Paper-I of Junior Engineer (Civil, Mechanical, Electrical, Quantity Surveying and Contract) Examination-2017 w.e.f. 22.1.2018 to 29.1.2018. A total of 9,95,350 candidates registered for the examination and 5,70,189 candidates actually took the examination. The result of the said examination would be declared by the Commission on 26.3.2018.
(b) The Commission also conducted Paper-II of Multi-Tasking (Non-Technical) Staff Examination-2016 on 28.1.2018. A total of 1,59,183 candidates were shortlisted from MTS (NT) (Paper-I) Examination for appearing in this examination, out of which 1,43,657 candidates actually appeared in the examination. The result of the said examination would be declared by the Commission on 31.3.2018.
II. Examinations to be conducted by the Commission in the month of February 2018
The Commission would be conducting the following examinations during the month of February 2018 :
(a) Selection Posts Examination (Phase-V) Matriculation Level on 8.2.2018
(b) Selection Posts Examination (Phase-V) Graduate Level on 15.2.2018
(c) Combined Graduate Level (Tier-II) Examination-2017 on 17.2.2018 to 22.2.2018
(d) Selection Posts Examination (Phase-V) Higher Secondary Level on 24.2.2018

III. Results declared during the last week
(a) Sub-Inspectors in Delhi Police, CAPFs and ASIs in CISF Examination (Paper-II), 2017 on 29.01.2018.

IV. Results to be declared by the Commission during the month of February 2018
(a) The Commission shall be completing the evaluation of the written examination for Constable (Executive) Delhi Police Examination 2016 and hand over the result to Delhi Police on the scheduled date i.e. 9.2.2018.
(b) The Commission shall be completing the evaluation of the written examination for Scientific Assistant in IMD Examination, 2017 and hand over the result to India Meteorological Department on the scheduled date i.e. 13.2.2018.
(c) The Commission would declare the final result of Combined Higher Secondary Level (10+2) Examination-2016 on 16.2.2018.
(d) The Commission would declare the final result of Junior Engineer (Civil, Mechanical, Electrical, Quantity Surveying and Contract) Examination-2016 on 28.2.2018

Official Notification: Click Here

LETTER TO DEPARTMENT DATED 31.01.2018

Integration of AADHAR Number With CGHS Beneficiary Number

No.44-26/2016/MCTC/CGHS/EHS
Government India
Ministry of Health and Family
Department of Health Family

Nirman Bhawan, New Delhi
Dated the th January 2018

OFFICE MEMORANDUM

Subject:– Integration of AADHAR Number With CGHS beneficiary number-

With reference to the above subject the undersigned is directed to state that CGHS is capturing the AADHAR number of new CGHS beneficiaries. while issuing the CGHS Cards, serving employees are already using the Aadhar based Bio-metric attendance system and a large number of primary card holders have linked their Aadhar number to CGHS Ben ID Number, However, some of the existing CGHS beneficiaries particularly the pensioner beneficiaries are yet to link their Aadhar. The matter has been reviewed and it is now decided that linking of Aadhar Number to Ben ID No has been made compulsory and the CGHS beneficiaries are advised to link their Aadhar Number before 31st March 2018.

2.The procedure for doing so is as follows:
(I) Through CMO -In Charge’s Module- Beneficiary can visit CMO-In Charge Of his her CGHS Wellness Centre with AADHAR Card to get his her and family members AADHAR Number linked to CGHS Beneficiary Number.

(II) Registration of AADHAR Number by beneficiary himself/herself – the following steps are to be followed

a. Log on to cghs.nic.in
b. Click ‘Beneficiary Login’
c. Sign in with Ben ID and password if you are already registered.
d. If registered Click Generate Pass word and follow instructions to obtain OTP on your registered Mobile Number
e. After signing in with Ben ID and Pass word. click AADHAR NO’
f. AADHAR for all family numbers and save

3. The co-operation of the CGHS beneficiaries is solicited.

sd/-
(Dharminder Singh)
Under Secretary to Government of India

Authority: www.cghs.gov.in

Postmen with Smartphones to Cater IPPB Services

A special dispensation from the Reserve Bank of India (RBI) will enable the payments bank to link accounts of existing post office savings bank customers and let them access both on the same screen and perform transactions.

Postmen with Smartphones to Cater IPPB Services : A special dispensation from the Reserve Bank of India (RBI) will enable the payments bank to link accounts of existing post office savings bank customers and let them access both on the same screen and perform transactions.
New Delhi: India Post Payments Bank (IPPB) will press into service postmen equipped with smartphones to go door to door and will open 3,250 customer access points across 650 districts when it launches operations in March, seeking to cater largely to under-banked rural areas.

The bank will leverage the 155,000 technologically upgraded post offices, of which 129,000 are in rural areas, as well as the existing customer base of India Post, Anant Narayan Nanda, secretary, department of posts, and chairman of IPPB, said in an interview.

According to Nanda, this will give a huge fillip to existing customers. India Post has around 170 million savings bank accounts.

“By December 2018, 2 lakh postmen and gramin dak sewaks carrying mobile phones will offer doorstep banking to customers predominantly in rural areas. Eventually, this number will increase to 3.5 lakh,” Nanda said.

The bank plans to start with 3,250 access points—five each in 650 districts—and scale up the number every month. It will employ 3,000 people—roughly half the staff will be on deputation from state-run banks and India Post.

The bank is in the process of training postmen to carry out basic banking facilities such as opening bank accounts and conducting transactions on the mobile phone. Besides assisting customers, the postmen will also teach them how to perform transactions on their own. They will receive monetary incentives for both assisted and eventually self-service transactions.

Customers will be able to access a range of services including net banking, National Electronic Funds Transfer (NEFT), Real-time Gross Settlement (RTGS) and Immediate Payment Service (IMPS). They will be able to pay utility bills, invest in mutual funds and buy insurance products on the app.

The gramin dak sevaks and postmen will be trained by banking institutions. An internal survey by the department showed that between 70% and 80% of postmen use smartphones for personal use and are active on social networking sites and should be able to use the app with ease, Nanda said.

At present, the post office accepts payments of around Rs46,000 crore in cash every year. With the entire network moving towards accepting digital payments, a significant portion of this amount could be handled by the banking network, an indication of the potential available for business.

IPPB is 100% owned by India Post; it received a payments bank license from RBI in January 2017 and has begun operations on a pilot basis in Jharkhand and Chhattisgarh.

India has three other operational payment banks—Airtel Payments Bank, Paytm Payments Bank and Fino Payments Bank.

“India Post does have the largest reach in the rural parts of the country and the idea of financial inclusion through postmen seems very promising,” said Ashish Aggarwal, a consultant at the National Institute of Public Finance and Policy. “However, the execution has to be well done to have mass impact. The postmen need to be well-trained and equipped as even basic banking involves much more than delivering courier (packages) and letters,” he added.

www.ippbonline.org

Maternity leave DoPT Order: Rule 43, which makes provision for maternity, for the sake of convenience

DoPT: Delhi High Court order on maternity leave in case of surrogacy

No.13018/6/2013 -Estt.(L) 
Government of India 
Ministry of Personnel, Public Grievances and Pensions 
Department of Personnel & Training


JNU Old Campus, New Delhi
Dated 29 January, 2018
OFFICE MEMORANDUM

Subject: Writ Petition No.844/2014 in the High Court of Delhi filed by Ms. Rama Pandey, Teacher, Kendriya Vidyalaya V/s UoI & Others - reg.

The undersigned is directed to enclose herewith Hon' ble High Court of Delhi's Order dated 17th July, 2015 in the Writ Petition No.844/2014 in the High Court of Delhi filed by Ms. Rama Pandey, Teacher, Kendriya Vidyalaya V/s UoI & Others.

2. All Ministries/Departments are advised to give wide publicity of its contents to the concerned officers.

3. This issues with the approval of Secretary (P).

(Sandeep Saxena) 
Under Secretary to the Govt. of India

As per standard mailing list. 
Copy to: 
NIC, DOPT - for uploading on the website.

12.4 Rule 43, which makes provision for maternity, for the sake of convenience, is extracted herein below:

"...43. Maternity Leave :
(1) A female Government servant (including an apprentice) with less than two surviving children may be granted maternity leave by an authority competent to grant leave for a period of (180 day's) from the date of its commencement.

(2) During such period, she shall be paid leave salary equal to the pay drawn immediately before proceeding on leave. NOTE :- In the case of a person to whom Employees' State Insurance Act, 1948 (34 of 1948), applies, the amount of leave salary payable under this rule shall be reduced by the amount of benefit payable under the said Act for the corresponding period.
(3) Maternity leave not exceeding 45 days may also be granted to a female Government servant (irrespective of the number of surviving children) during the entire service of that female Government in case of miscarriage including abortion on production of medical certificate as laid down in Rule 19: 'Provided that the maternity leave granted and availed of before the commencement of the CCS(Leave) Amendment Rules, 1995, shall not be taken into account for the purpose of this sub-rule'.

(4) (a) Maternity leave may be combined with leave of any other kind. (b) Notwithstanding the requirement of production of medical certificate contained in sub-rule (1) of Rule 30 or sub-rule (1) of Rule 31, leave of the kind due and admissible (including commuted leave for a period not exceeding 60 days and leave not due) up to a maximum of one year may, if applied for, be granted in continuation of maternity leave granted under sub-rule (1).

(5) Maternity leave shall not be debited against the leave account..."

Read More: DoPT-Orders-2018

Tuesday, January 30, 2018

ePost office door delivery

ePost office of IndiaPost offers variety of online Postal services like purchase of stamps,payment&purchase of postal order for RTI. Now you need not visit miles to collect the holy water Gangajal, just login (link: http://www.epostoffice.gov.in) epostoffice.gov.in &receive the hold water at your doorstep. 

How to sales stamps on CSI Environment?

Revised syllabus for GDS to Postman and GDS to MTS


New Dress for Postmen/MTS launched by Shri Manoj Sinha - PIB

The Department of Posts has redesigned the uniform for Postmen (both male and female) and MTS cadre in consultation with National Institute of Fashion Technology, Delhi (NIFT). The uniform has been redesigned keeping in view the functionality, comfort and durability. The uniform will provide a strong brand identity of the Department of Posts as it provides for easy identification of postmen staff.

The Department enjoys credibility and respect through the field operatives that is the postmen. He is the face of the Department as he delivers letters and parcels to every door. Therefore, it is important that the uniform he wears, which identifies him with the Department should be such that he stands out. Khadi being indigenous to our culture and comfortable in all climatic zones of the country was found suitable for the postmen.

As per the recommendation of 7th CPC, the Government has decided to provide Rs. 5,000/- as dress allowance per year. Khadi and Village Industries Commission (KVIC) under the Ministry of Micro, Small & Medium Enterprises has agreed to provide dresses for the postmen from its outlets in each district of the country. The Postmen can purchase dresses from outlets of KVIC from the dress allowances provided to them.

Hon’ble Minister of Communications, Shri Manoj Sinha launched the redesigned uniform for postmen/postwomen and MTS in New Delhi in the august presence of Hon’ble Minister of State (I/C), MSME, Shri Giriraj Singh. The 90,000 postmen/postwomen, Mail Guard, Multi Tasking Staff will get benefitted by the redesigned uniform.
Source:PIB

LATEST NEWS ON GDS COMMITTEE

LATEST NEWS ON GDS COMMITTEE

Annual Interest Calculation method for SB and PPF


Monday, January 29, 2018

Seventh Central Pay Commissions recommendations regarding revision of pay scales for amendment of Service Rules/Recruitment Rules : DoPT

Seventh Central Pay Commissions recommendations regarding revision of pay scales for amendment of Service Rules/Recruitment Rules : DoPT








Appointment of Postal Assistants /Sorting Assistants selected through CHSL2015 conducted by SSC


New dress code and Cap to the postman by ministry of communication

Introduction new dress code and caps to the postman staff by the hon'ble minister for communications.

Solution for Database connection failed issues on CSI POS

Below solution process in case of any office face issue in Data Base connection fail in POS login.
1.Goto 
http://172.19.64.105:8080/POS

2.goto database_build

3. Click on PMT.zip file and it will download

4. Extract the file

5. Click on start.bat

6. Enter the ip address and browse the destination folder to save

7. Click generate

8. Copy po_connection.db file generated to the below path

C:/POS/Application/BO/build/db_con

And

C:/POS/Application/Counter/build/db_con

Employment News : 27 January to 2 February 2018

JOB HIGHLIGHTS : EMPLOYEE NEWS 27.01.2018 to 02.02.2018

DELHI METRO RAIL CORPORATION
Name Of Post : Assistant Manager, Junior Engineer, Assistant Manager etc
No.of Vacancies : 1896
Last Date :26.02.2018
NMDC LIMITED

Name Of Post : Maintenance Assistant, Electrician Grade III, HEM Mechanical grade III etc
No.of Vacancies : 169
Last Date :19.02.2018
POWER GRID CORPORATION OF INDIA
Name Of Post : Assistant Engineer Trainees
No.of Vacancies : 150
Last Date :17.02.2018
STATE BANK OF INDIA
Name Of Post : Specialist Cadre Officers
No.of Vacancies : 121
Last Date :04.02.2018
INDIA OIL CORPOATION LTD.
Name Of Post : Non-Executive Personnel in Workman
No.of Vacancies : 98
Last Date :10.02.2018
ELECTRONICS CORPORATION OF INDIA LIMITED
Name Of Post : Graduate Engineer Trainees
No.of Vacancies : 84
Last Date :15.02.2018
INDIAN OIL CORPORATION LIMITED
Name Of Post : Apprentices (Non Technical)
No.of Vacancies : 101
Last Date :03.02.2018

Parcel bomb sent to avenge sacking leaves postal official’s son, 2 others injured

The parcel contained an FM radio and exploded when postal superintendent K K Dixit’s son Ritesh, a medical practitioner, plugged it in on Thursday morning.
A sacked contractual employee of the postal department was arrested in Madhya Pradesh’s Sagar on Friday for allegedly trying to kill a senior official by sending a parcel bomb. The parcel contained an FM radio and exploded when postal superintendent K K Dixit’s son Ritesh, a medical practitioner, plugged it in on Thursday morning.

Dixit, who was on the third floor of his residence, was unhurt but Ritesh was critically injured. Two others, Dixit’s relative and a servant, also sustained injuries.
The sender’s address on the parcel was fake, but police accessed footage of CCTVs installed in the Mandi postal office from where the parcel was booked and nearby buildings to zero in on two suspects.

Rajesh Patel, 23, and Moolchand Luhar alias Babloo,33, both residents of Motinagar, told the police that they had been given money by one Hemant alias Ashish Sahu for sending the parcel to Dixit’s home, said police. Sahu, who worked at the Rampur branch of post office was sacked for alleged embezzlement in 2017. Dixit had also lodged a police complaint against him.

Sagar SP Satyendra Shukla told The Indian Express that when the police took Sahu into custody, he admitted to sending the parcel bomb with an intention to kill Dixit. He claimed he was wrongly accused of misappropriation and wanted to take revenge against Dixit.

According to police, Sahu, a graduate, said he learnt the technique to make a bomb through Google search engine and bought nearly 6-kg explosives and detonators from a local shop. The device would have exploded only after it was plugged in.

The police recovered from his home transistor parts he had removed to accommodate the explosives.

IG (Sagar) S K Saxena said Sahu had told him that his monthly salary was around Rs 8,500. The IG said he has asked for a detailed investigation in the embezzlement case too.

The parcel had been sent to Dixit’s office on January 23. Since he was not in office, assistant superintendent C B Namdeo accepted the parcel and sent it to Dixit’s home through driver Biharilal Gaud on January 24. The police said Patel and Luhar were probably not aware of what the parcel contained.

Dixit told police the parcel contained a blue FM transistor radio. He said he did not switch the radio on and left for official work in Bandakpur. On Thursday, around 9.30 am, he was in the third floor while Ritesh was in the second. The moment Ritesh plugged in the device it exploded causing injuries to him, his uncle Vijay and servant Devsingh.

Click here to know the Steel Man Chennai from SBCO - Video

Steel man Chennai - SBCO PA Thanjavur HO


Best way to get more interest on Postal Investment from 01/01/2018 to 31/03/2018

Rate of Interest for Postal Savings Bank from 01/01/2018 to 31/03/2018 & Best way to get more interest

CSI Installation Complete Procedure with Easy Steps

CSI Installation procedure with graphical examples
Click below link to download

Complete Workflow of a SubOffice from Day Begin to Daily Account Generation

Complete Workflow of a SubOffice from Day Begin to Daily Account Generation
To Start the work in CSI SOFTWARES First do the following:
In the Server system run the following components one after the other only present in the path C:\POSTALPOS_BO\
a) Start Database Server
b) Run_Mobilink_Client_Daily
c) Run_Mobilink_Client_High

The modules for day to day operations in Post Office (Facility) include

  • POS BACK OFFICE (for all supervisory activities)
  • POS COUNTER (for all counter operations)
  • POS BACK OFFICE IPVS (for despatch of counter booked, postman &
  • BO return/redirected mails)
  • DPMS (for Delivery and MO Payments including BOs)
  • F&A (all accounting work)

Some questions with their solution related to CSI - Most Useful

Some useful questions with their solution related to CSI
with regard Prabhat Kumar Sahu  PA,Sambalpur DVN  INDIAPOST,9938630845

Saturday, January 27, 2018

NSC vs 5-year bank FD: Which is a better tax-saving investment?

Section 80C of the Income Tax Act has a list of specified investment avenues for an individual which ranges from pension schemes, Equity Linked Savings Scheme (ELSS), life insurance to debt oriented products such National Savings Certificates (NSC), Provident Fund (PF), tax saving fixed deposits with banks or post office etc. If an individual invests in these avenues, then up to Rs 1.5 lakh of these investments (along with expenditures eligible under this section) is currently deductible from gross total income thereby reducing the tax payable by the individual. 


If an investor is not comfortable in taking risk by investing in ELSS schemes and wants better returns than life insurance schemes are offering, then he is left with debt-oriented products to choose from. 


Public Provident Fund (PPF), Employees' Provident Fund (EPF), NSC and tax-saving FDs are some of the most widely used debt-oriented options to save tax but the lock-in period of some of these schemes is very long. EPF has a lock-in till the age of 55 whereas PPF has a lock in period of 15 years. On the other hand, both NSC and tax-saving FDs have a lock-in period of five years. Therefore, if a person is looking for short-term debt investments which offer Section 80C tax benefits and also a high degree of safety then he/she is left with these two options. 


NSC and tax-saving FDs have certain common features. However, there are certain differences between the two which, interest rate being same or close, give an advantage to NSCs over tax-saving FDs. 



Re-investment of interest in NSC is eligible for benefit under Section 80C
As per the current tax laws, interest earned on the NSC and tax-saving FD (cumulative or non-cumulative) are both taxable in the hands of the investor under the head 'Income from other Sources'. However, the interest earned on the NSC is not paid out to the investor, instead it is re-invested and this re-invested interest is eligible for tax benefit under section 80C. 


In the case of the cumulative option of the fixed deposit (which is comparable to NSC), the interest earned and re-invested is not eligible for tax benefit under section 80C. 


"To avail the benefit of interest re-invested in NSC, an individual first has to show the interest accrued as income from other sources and then claim the 80C deduction for the same amount under the overall limit of Rs 1.5 lakh," says, Abhishek Soni, CEO of tax-filing website, tax2win.in 


Soni adds that only the interest accrued for four years qualifies for this deduction. The interest accrued in the fifth year is not eligible for deduction as it gets paid to the investor along with the maturity amount. 


COMMON FEATURES


Interest rate differential
NSC interest rates are announced by the central government every quarter whereas the interest rates on tax-saving FDs are decided by banks. 


Currently for the quarter running from January to March, 2018, the central government has fixed interest rate of 7.6 per cent per annum, compounding annually, for NSCs. On the other hand, interest rate offered by banks on 5-year tax-saving FDs is currently ranges between 6.00 per cent and 6.50 per cent per annum, compounding quarterly. Senior citizens are offered slightly higher interest rate on bank FDs. 


However, one should not go by the interest rates alone as the frequency of compounding also plays a major role while determining how much money you will earn at the time of maturity. Higher compounding frequency can earn you higher interest. 


A bank tax-saving FD offering interest rate of 6 per cent per annum, compounded quarterly, earns you effective annualised rate of 6.13 per cent and FD offering interest rate of 6.5 per cent a year compounded quarterly gives you effective annualised interest of 6.66 per cent. However, due to annual compounding the effective yield on NSC remains the same as the nominal interest. 


DIFFERENCES


No deduction of TDS on NSC interest
According to the NSC (Viii issue) 1989 rules, interest earned on the NSC certificates is not subject to TDS. On the other hand, interest earned on a bank tax-saving FD is subject to TDS. The TDS is deducted at the rate of 10 per cent in case interest accrued or paid out exceeds Rs 10,000 in a financial year. The limit of Rs 10,000 is set for each bank and not on each branch. If the PAN of an investor is not available, then the TDS will be deducted at 20 per cent, adds Soni. 


To get the refund of higher TDS deduction, a person has to file income tax returns even if the total income is less than the maximum tax-exempted limits. However, a person can submit Form 15G (Form 15H for senior citizens) to avoid TDS deduction. 


TDS deduction also affects how much interest you will receive in the future when the interest accrued is re-invested. Say you have invested Rs 1.5 lakh with a bank FD and NSC. In case of bank fixed deposit because TDS is deducted from your interest first and then the balance interest is reinvested, the maturity value at the end of 5 years is approximately Rs 1.98 lakh whereas for the same time period because of no deduction of TDS and higher interest rate, the NSC's maturity value would be Rs 2.16 lakh. 



If NSC gave the same rate of interest as bank tax-saving FD then, too, the NSC would fetch you a slightly higher maturity amount because TDS is not deducted. Just to compare, even if we assume there is no TDS deduction in a bank FD, NSC's maturity value is higher due to the current interest rate differential. 



Liquidity facility
Another feature that makes NSC score over tax saving fixed deposit is the liquidity. According to the Bank Term Deposit Scheme, 2006 rules, the tax saving FD cannot be used as security to obtain a loan. However, National Savings Certificates (VIII issue) Rules, 1989, allow the certificates to be used as a security to obtain loans from the specified entities. 


According to the rules, the specified entities are as follows: 
a) The President of India or Governor of a State in his official capacity; 
b) The Reserve Bank of India or a scheduled bank or a co-operative society including a co-operative bank 
c) A corporation or a government company 
d) A local authority; and 
e) A housing finance approved by the National Housing Bank and notified by the Central Government. 


Conclusion 
As per current interest rates offered by both instruments, NSC has an edge over bank tax-saving FD as it not only offers higher interest rate but also gives an option to borrow against the certificates in case of a requirement. However, it needs to be mentioned that NSC has this edge mainly because of the interest rate differential that currently exists. 


Further, one must also remember that the interest earned on the NSC certificates and cumulative bank FD will be accrued but not paid out. Therefore, you should consider investing in either of these two only if your expenses can be well managed without a regular interest payout. In addition to that, you must be able to claim the 80C tax benefit for the interest accrued and reinvested in case of NSCs or else it will taxed as per your tax slabs applicable to you. 


Source:- The Economic Times

LDCE for filling the posts of Postmen/Mail Guards for the year 2017-18 from GDS and MTS Notification : Andhra Pradesh Circle

LDCE for filling the posts of Postmen/Mail Guards for the year 2017-18 from GDS and MTS Notification : Andhra Pradesh Circle































Friday, January 26, 2018

Directorate instructions on CSI-PLI POS Rollout

IPPB to Link Existing Post Office Savings Bank Accounts (POSB)

New Delhi: India Post Payments Bank (IPPB) will press into service postmen equipped with smartphones to go door to door and will open 3,250 customer access points across 650 districts when it launches operations in March, seeking to cater largely to under-banked rural areas.

The bank will leverage the 155,000 technologically upgraded post offices, of which 129,000 are in rural areas, as well as the existing customer base of India Post, Anant Narayan Nanda, secretary, department of posts, and chairman of IPPB, said in an interview.

A special dispensation from the Reserve Bank of India (RBI) will enable the payments bank to link accounts of existing post office savings bank customers and let them access both on the same screen and perform transactions.
According to Nanda, this will give a huge fillip to existing customers. India Post has around 170 million savings bank accounts.

“By December 2018, 2 lakh postmen and gramin dak sewaks carrying mobile phones will offer doorstep banking to customers predominantly in rural areas. Eventually, this number will increase to 3.5 lakh,” Nanda said.

The bank plans to start with 3,250 access points—five each in 650 districts—and scale up the number every month. It will employ 3,000 people—roughly half the staff will be on deputation from state-run banks and India Post.

The bank is in the process of training postmen to carry out basic banking facilities such as opening bank accounts and conducting transactions on the mobile phone. Besides assisting customers, the postmen will also teach them how to perform transactions on their own. They will receive monetary incentives for both assisted and eventually self-service transactions.

Customers will be able to access a range of services including net banking, National Electronic Funds Transfer (NEFT), Real-time Gross Settlement (RTGS) and Immediate Payment Service (IMPS). They will be able to pay utility bills, invest in mutual funds and buy insurance products on the app.

The gramin dak sevaks and postmen will be trained by banking institutions. An internal survey by the department showed that between 70% and 80% of postmen use smartphones for personal use and are active on social networking sites and should be able to use the app with ease, Nanda said.

At present, the post office accepts payments of around Rs46,000 crore in cash every year. With the entire network moving towards accepting digital payments, a significant portion of this amount could be handled by the banking network, an indication of the potential available for business.

IPPB is 100% owned by India Post; it received a payments bank license from RBI in January 2017 and has begun operations on a pilot basis in Jharkhand and Chhattisgarh.

India has three other operational payment banks—Airtel Payments Bank, Paytm Payments Bank and Fino Payments Bank.

“India Post does have the largest reach in the rural parts of the country and the idea of financial inclusion through postmen seems very promising,” said Ashish Aggarwal, a consultant at the National Institute of Public Finance and Policy. “However, the execution has to be well done to have mass impact. The postmen need to be well-trained and equipped as even basic banking involves much more than delivering courier (packages) and letters,” he added.

GDS Committee report latest – FNPO

Nodal ministry approved without any objection and sent to PM office for the inclusion of cabinet meeting.

The item is not taken into consideration since there are many other items for discussion.

According to the source, next cabinet meeting ie; 31.1.218 may be considered our item.

P.U.Muraleedharan.
General Secretary.
NUGDS.

Source: FNPO

Merit List of Andhra Pradesh Circle MTS Direct Recruitment Examination held on 22.10.2017

Merit List of Andhra Pradesh Circle MTS Direct Recruitment Examination held on 22.10.2017