Tuesday, June 26, 2018

Post office savings plans: Earn over 8% interest in these schemes

Out of the nine small savings schemes of India Post, two schemes- Sukanya Samriddhi and Senior Citizen Savings scheme - offer 8.3 per cent and 8.1 per cent interest per annum respectively.
Representative image

New Delhi: Post office savings schemes offer one of the best interest rates on all its nine small savings schemes. Out of the nine small savings schemes of India Post, two schemes- Sukanya Samriddhi and Senior Citizen Savings scheme - offer 8.3 per cent and 8.1 per cent interest per annum respectively. While Sukanya Samriddhi is a savings scheme specifically targeted for the benefit of girl child, the Senior Citizen Savings scheme as the name suggests help people above 60 years to earn higher interest rate on their savings. Here is all you need to know about Sukanya Samriddhi and Senior Citizen Savings Scheme

Sukanya Samriddhi Yojana

1) This scheme was launched by the Government of India in January 2015 for girl children. This government-backed scheme helps parents of girl children build a corpus for the future education and marriage of their daughter. Along with higher interest rate, this scheme also offers tax benefit to parents, who save money for their girl child through this scheme.

2) A Sukanya Samriddhi Account can be opened by the parents or legal guardians in the name of a girl child. The account can be opened from the birth of the girl child till she attains the age of 10 years. Only one account can be opened in the name of one girl child. Also, parents can open maximum two Sukanya Samriddhi accounts.

3) A minimum deposit of Rs 1,000 is required to be made every year in Sukanya Samriddhi Account while one can deposit a maximum of Rs 1.5 lakh every year into this account. There is no limit to the number of deposits either in a month or in a financial year.

4) Deposits into Sukanya Samriddhi Account can be made up to 14 years from the date of opening of the account. After this period, the account will only earn interest as per applicable rates.

5) Sukanya Samriddhi Account account shall mature on completion of 21 years from the date of opening of the account. However, if the girl child gets married before completion of 21 years, operations of the account will be stopped. The operation of the account shall not be permitted beyond the date of her marriage.

6) Interest rate offered on Sukanya Samriddhi account is decided by the government and is notified by the Finance Ministry in every quarter. 

7) A Sukanya Samriddhi account gets inactive in case you do not deposit minimum Rs 1,000 in a year. However, inactive accounts can be reactivated by paying a penalty. A penalty of Rs 50 will be applicable per year along with the minimum amount required to be deposited for that year.

8) You cannot take a loan against the Sukanya Samriddhi account.

9) But a premature withdrawal can be made once the girl child attains the age of 18 years. The amount that can be withdrawn under this is up to 50 per cent of the balance standing at the end of the preceding financial year.

10) Annual deposits of up to Rs 1.5 lakh into Sukanya Samriddhi Account qualify for tax benefit under Section 80C of the Income Tax Act. 1961. The maturity proceeds from this account are also exempt from tax.

Senior Citizen Savings Scheme

1) Individuals with 60 years or more can open this account. Also, an individual of the age of 55 years or more but less than 60 years, who has retired on superannuation or under VRS can also open account subject to the condition that the account is opened within one month of receipt of retirement benefits and the amount should not exceed the amount of retirement benefits. 

2) Maturity period of this scheme is 5 years. After maturity, the account can be extended for further three years by giving an application in prescribed format within one year of the maturity. In such cases, the account can be closed at any time after expiry of one year of extension without any deduction, India Post said on its website. 

3) The maximum amount that can be deposited in this scheme is Rs 15 lakh.

Implementation of the recommendation of 7th CPC on Over Time Allowance

Implementation of the recommendation of 7th CPC on Over Time Allowance
No.A-27016/ 03/ 2017-Estt.(AL)
Government of India
Ministry of Personnel, Public Grievances and Pensions
Department of Personnel & Training
Block-TV, Old JNU Campus,
New Delhi - 110067,
Date: 19th June, 2018.
OFFICE MEMORANDUM

Subject: Implementation of the recommendation of 7th CPC on Over Time Allowance - reg.


The undersigned is directed to say that as per Dept. of Expenditure's Resolution No. 11-1/2016-IC dated 06.07.2017, following is the decision of Government on Overtime Allowance (OTA):



"Ministries/Departments to prepare a list of those staff coming under the category of 'Operational Staff'. Rates of Overtime Allowance not to be
revised upwards".



2. Further it has been clarified by the Dept. of Expenditure that the Government has decided that given the rise in the pay over the years, the recommendations of the 7th CPC to discontinue OTA for categories other than Operational Staff and industrial employees who are governed by statutory provisions may be accepted.



3. Accordingly, it has been decided to implement the aforesaid decision of the Government on Overtime Allowance across all the Ministries/Departments and attached and subordinate office of the Government of India. The following definition shall be used to define Operational Staff.
"All non-ministerial non-gazetted Central Government servants directly involved in smooth operation of the office including those tasked with operation of some electrical or mechanical equipment."



4. The concerned Administration Wing of the Ministries/Departments will prepare a list of operational Staff with full justification based on the above parameters for inclusion of a particular category of staff in the list of operational staff with the approval of JS (Adnm.) and Financial Adviser of the concerned Ministry / Department.



5. The grant of OTA may be linked to biometric attendance subject to the conditions mentioned below.



a) OTA should be paid only when his/her senior officer directs the concerned employee(s) in writing for staying back in office to attend urgent nature of work.


b) The OTA will be calculated on the basis of biometric attendance.



c) The OTA for Staff Car Drivers should be linked with biometric system as normally, the designated parking is allotted in the office building. However, in cases where the parking lot is provided far from office, the Staff Car Driver would mark his/her attendance while leaving from his office and a grace time of not exceeding 2 hours should be allowed to cover the distance travelled after leaving office, including the time to drop the officer and then reaching the parking lot. In such cases, calculation can be done from log books, duly verified by the officer concerned.



d) The OTA to field officials should be calculated on the basis of biometric attendance, as normally, such officers are given facility of official transport to attend the field work. Such officers are supposed to report in office before proceeding to field. In cases, where officials are required to attend the field work directly from home, they may be extended facility of official transport from home in lieu of transport allowance and OTA may be given on the basis of the log book of that vehicle, duly verified by their senior officers.



6. Since, the Government has decided not to revise the rates of OTA, the rates as prescribed in this Department's OM dated 19th March, 1991 for Office Staff, Staff Car Drivers and Operative Staff will continue to operate subject to their fulfillment of the above conditions.



7. All the existing instructions, except lo the extent superseded by this O.M., will continue to remain in force.



8. These instructions will be applicable with effect from 01 July, 2017.



9. In so far as persons serving in the Indian Audit and Accounts Department are concerned, these instructions are being issued after consultation with the Comptroller & Auditor General of India.


10. Hindi version will follow.

(Pramod Kumar Jaiswal)
Under Secretary to the Government of India
To
1. All Ministries/Departments of Govt. of India
2. NIC with a request to upload the O.M. on the website of DoPT.

Source: DoPT

Tips for AAO Examination - With/Without Aid of Books

Dear Aspirants of AAO Examination,

Many candidates and SAPOST Viewers are having doubts which portion is “With aid of books” and “without aid of books”. To clear the doubt, I am tabulating subjects in the following table.

By P.Karunanithy, B.Sc., Retired SPOs.
 
Paper I
With aid of books Without  aid of books
1. GFR 2017 1. Accounting Principles / Book keeping
2. FHB Volume I
3. List of Major and Minor Heads
     (Appendix 5 to Postal Accounts       
      Manual Volume I)
4. Government Accounting Rules, 1990
Paper II
With aid of books Without aid of books
1. FR SR Part I General Rules
2. FR SR Part II TA Rules
3. FRAR Part III Leave Rules
4. GPF (Pension) Rules, 1972
5. GPF (Central Service) Rules 1960
6. CEA Rules
7. LTC Rules
8. CCS (CCA) Rules
9. CCS (Conduct) Rules
10. RTI Act, 2005
11. Constitution of India
Paper III
With aid of books Without aid of books
1. Postal Accounts Manual Volume I
2. Postal Accounts Manual Volume II
3. Delegation of Financial Powers Rules,
4. Schedule of Financial Powers
5. FHB Volume II
Paper IV
With aid of books Without aid of books
1. GST 1. License Agreements and NIA
2. Income Tax 2. USOF
3. New Pension Scheme
Paper V
With aid of books Without aid of books
1. Data Interpretation
2. Quantative ability
3. Verbal and Reading Abilities
4. Drafting and writing Abilities
Paper VI
With aid of books Without aid of books
1. Introduction to Windows
2. Word Processor / Word
3. Spreadsheet/Excel
4. Presentation /Power Point
5. E-Mail

GDS Wage Revision Order: 3 Illustrations on the payment of Arrears for the period 01.01.2016 to 30.06.2018

GDS Wage Revision Order: 3 Illustrations on the payment of Arrears for the period 01.01.2016 to 30.06.2018



Annexure-III

Illustrations on the payment for the period 1.1.2016 to 30.6.2018
 

Illustration —I

GDS BPM with a work load of 5 hours in TRCA slab ₹4575-85-7125 with basic TRCA of ₹4575 as on 01.01.2016 (date of annual increase- 1st Jan)

 

 

Period

Basic TRCA 

DA %

No of months

Total Drawn

Basic TRCA raised by 2.57

Total due

Difference

Total amount payable

1.1.16

4575

125

6

61763

11758

70547

8784

 

1.7.16

4575

132

6

63684

11758

70547

6863

 

1.1.17

4660

136

6

65986

11976

71857

5872

 

1.7.17

4660

139

6

66824

11976

71857

5033

 

1.1.18

4745

142

6

68897

12195

73168

4271

30821



Illustration —II 

GDS BPM with a work load of 5 hours in TRCA slab ₹4575-85-7125 with basic of TRCA ₹5850 as on 01.01.2016 (date of annual increase- 1st Jan)

 

Period

Basic TRCA 

DA %

No of months

Total Drawn

Basic TRCA raised by 2.57

Total due

Difference

Total amount payable

1.1.16

5850

125

6

78975

15035

90207

11232

 

1.7.16

5850

132

6

81432

15035

90207

8775

 

1.1.17

5935

136

6

84040

15253

91518

7478

 

1.7.17

5935

139

6

85108

15253

91518

6410

 

1.1.18

6020

142

6

87410

15471

92828

5418

39313

 

Illustration —III

 GDS MC with a work load of 3 hours in TRCA slab ₹2295-45-3695 with basic of TRCA ₹2430 as on 01.01.2016 (date of annual increase -1st March)

 

Period

Basic TRCA 

DA %

No of months

Total Drawn

Basic TRCA raised by 2.57

Total due

Difference

Total amount payable

1.1.16

2430

125

3

16403

6245

18735

2333

 

1.3.16

2475

125

3

16706

6361

19082

2376

 

1.7.16

2475

132

6

34452

6361

38165

3713

 

1.1.17

2475

136

3

17523

6361

19082

1559

 

1.3.17

2520

136

3

17842

6476

19429

1588

 

1.7.17

2520

139

6

36137

6476

38858

2722

 

1.1.18

2520

142

3

18295

6476

19429

1134

 

1.3.18

2565

142

3

18622

6592

19776

1154

16578

 


StopDB Version 2.0 Dated 26.06.2018

StopDB with added option to have the Backup of POSTALPOS_BO folder is released on 26.06.2018.

Pre Requisite: Winrar software. If not installed, you can get it here: Download Winrar


Place the StopDB exe in CSI Server anywhere, create a shortcut to Desktop. Use this for Stop DB/Backup and Shutdown the system. Please provide Run as Administrator privilege to the Exe. 
Note: Whenever there is a need for restart or shutdown of CSI Server, please use this exe only. 
What's new?
Option for Shutdown is provided. At the end , ie. after completing backup, if the system is required to be shutdown, select this checkbox. If you wish to continue work further leave this bank.
For the first time you need to select the Destination folder. It can be even a folder in Pen Drive. Presently, network path not supported. Click on Save. The Path will be saved in registry.


Click on Run.It will validate the running of POSTALPOS_BO and if found running, Stop Database Server script (Script as provided by TCS) executed. Wait till the batch file process completed. Next, click on Backup.



Backup process will be completed. Now the Backup file in zip form will be available in the Destination folder.
Process is to be completed daily after PO End and successful sync. Unwanted old backup files are required to be deleted manually.

Feedback/Suggestions on bugs are most welcome.
Shivaram/9449012470
evshivaram@gmail.com

GDS Arrears calculation for 11 TRCA Slab whose annual increment is on 1st January





Clarification on Child Care Leave - DoPT

Child care leave may not be granted not less than 5days at a time.

GDS implementation for Existing and Revised Allowance

GDS implementation for Existing and Revised Allowance
Item Existing Allowances Revised Allowances
Allowances
Office Maintenance allowance (OMA) (For BPMs Only) ₹ 100/- pm Composite Allowance (in lieu of OMA) is revised as follows (For BPMs only)

BPMs providing GDS Post Office accommodation which meets the prescribed standards – ₹ 500/- per month

BPMs having BOs at non-standard/rent free accommodation- ₹ 250/- per month
Fixed Stationary Charge ₹25/- pm for BPMs
₹10/- pm for other than BPMs
₹25/- ABPMS and Dak Sevaks. FSC subsumed in composite allowance for BPMs.
Boat Allowance ₹ 50/- pm ₹115/- per month
Cash conveyance Allowance ₹50/- pm There will be no fixed cash conveyance allowance.
Instead, payment will be at following rates:

(a)    Payment of ₹30/- per occasion plus actual conveyance charges for cash conveyance of an amount less than ₹ 1 Lakh subject to maximum of charges incurred for transport by public bus and;
(b)    ₹ 50/- per occasion plus actual conveyance charges for an amount more than ₹ 1 Lakh subject to maximum of charges incurred for transport by public bus.
Cycle Maintenance Allowance ₹90/- pm ₹180/- pm
Combined Duty Allowance 1.       GDS Branch Postmasters performing delivery or conveyance duties or both will be paid ₹500 p.m for each item of work separately.
2.       If the Branch postmaster is performing delivery at the BO village only, it will be restricted to ₹250 p.m
3.       BPM exchanging Mails at Bus stand or at Railway Stations will be compensated at the rate of ₹250 p.m
BPM for delivery OR Mail Conveyance work – ₹45/- per day subject to maximum of ₹1170/- per month

BPM for delivey PLUS mail conveyance – ₹90/- per day subject to maximum of ₹2340/- per month

ABPM for BPM work – ₹75/- per day subject to a maximum of ₹1950/- per month.

ABPM/DAk Sevak for additional work of another ABPM/Dak Sevak – ₹45/- per day subject to a maximum of ₹1170/-

These rates will be for combination of duties of two or more posts borne on the establishment of the office.
Risk and Hardship Allowance Nil Risk and Hardship allowance @ of ₹500/- per month to the GDS working in areas which are identified for this allowance. (as identified by Government of India, as per 7th CPC Recommendations)

CHQ requesting to submit comments/opinions on Implementation of GDS Revised Pay Order dated 25/06/2018


Easy arrear calculation as GDS revised pay

Easy Arrears Calculation:-

 01.01.2016 to 30.6.2016  
=Basic TRCA ×0.32×6

01.07.2016 to 31.12.2016 
   =Basic Trca×0.25×6

01.01.2017 to 30.6.2017 
 =Basic TRCA ×0.21×6

01.07.2017 to 31.12.2017 
    =Basic Trca×0.18×6

01.01.2018 to 30.6.2018 
  =Basic TRCA ×0.15×6


Multiple factor details
0.32=2.57-2.25 (125%DA )
0.25=2.57-2.32 (132%DA )
0.21=2.57-2.36 (136%DA )
0.18=2.57-2.39 (139%DA)
0.15=2.57-2.42 (142%DA)

For Example:-

 GDSMD BASIC TRCA ON 01.01.2016 RS 4220

01.01.2016 to 30.6.2016  =                      4220×0.32×6= 8102

01.07.2016 to 31.12.2016 
  =4220×0.25×6=6330

01.01.2017 to 30.6.2017  
=4295×0.21×6=5442

01.07.2017 to 31.12.2017 
  =4295×0.18×6=4639

01.01.2018 to 30.6.2018 
 =4370×0.15×6=3993

Totals Arrears for 30 months 
Rs 28506.00

GDS 7th CPC Revision of Pay and Allowances - Advantages & Disadvantages


CLICK HERE FOR COPY OF ORIGINAL

Government Staff who joined after 2004 to get gratuity

Gratuity for Central Government Employees