Wednesday, January 02, 2019

Request to grant of benefit of pay fixation at the time of promotion to the post of LSG, HSG II, HSG I cadres

Request to grant of benefit of pay fixation at the time of promotion to the post of LSG, HSG II, HSG I cadres
All India Association of Postal Supervisors

India Post Calendar 2019 with Closed Holidays & RH [DOWNLOAD]

Download India Post Calendar 2019 with Closed Holidays and Restricted Holidays in Hindi

Introduction of Emergency Leave (max.5 days) for GDS : Implementation of Kamalesh Chandra Committee recommendations

Implementation of approved recommendations of Kamalesh Chandra Committee on introduction of 'Emergency' Leave for a maximum of 5 calendar days in a calendar year for all categories of Gramin Dak Sevaks (GDS)
Directorate No.17-31/2016-GDS dated 02/01/2019 regarding Introduction of Emergency Leave for all categories of GDS

Central, Bank employees to observe two days' strike

Confederation of Central Govt. employees, the umbrella organization of different unions in Central Govt. has called for a two days' nationwide strike on 8th and 9th January 2019.Some of the key demands are restoration of old pension scheme, revision of minimum pay and fitment factor, five promotions in service life, stop outsourcing, filling up of vacant posts.

Bank employees also to cease work in this two days.

Different trade union and left parties supported the strike and it may turn to a general strike as well.

The Strike Poster (From Confederation site)

EARLY CLOSURE OF OFFICES IN C/W REPUBLIC DAY PARADE AND BEATING RETREAT CEREMONY DURING JANUARY 2019

EARLY CLOSURE OF OFFICES IN CONNECTION WITH REPUBLIC DAY PARADE AND BEATING RETREAT CEREMONY DURING JANUARY 2019 (Click the link below to view)

Types of Rural Postal Life Insurance (RPLI) plan

Types of Rural Postal Life Insurance (RPLI) came into being like a sequel to the recommendations of the Official Committee for Reforms in the Insurance Sector (Malhotra Committee). The Committee had observed in 1993 that only 22% of the insurable population in this country had been insured; life insurance funds accounted for only 10% of the gross household savings.
The Committee had observed: “The Committee understands that Rural Branch Postmasters who enjoy a position of trust in the community have the capacity to canvass life insurance business within their respective areas…..” 

The Government accepted the recommendations of Malhotra Committee and allowed Postal Life Insurance to extend its coverage to the rural areas to transact life insurance business with effect from 24.3.1995, mainly because of the vast network of Post Offices in the rural areas and low cost of operations. The prime objective of the scheme is to provide insurance cover to the rural public in general and to benefit weaker sections and women workers of rural areas in particular and also to spread insurance awareness among the rural population. As on 31.03.2017, we have more than 146 Lacs policies.▪So let's talk about the types of rural postal life insurance plan details today. 

Rural Postal Life Insurance (RPLI) plan Eligibility 
The scheme shall cover all persons, male or female, who permanently reside in rural areas and are ordinarily residents in India to the exclusion of foreigners and non-resident Indians provided they have attained majority So let's talk about the types of rural postal life insurance plan details today ▪ 
Types of Rural Postal Life Insurance (RPLI) plan details
Rural Postal Life Insurance (RPLI) scheme was introduced in 1995 for the benefit of rural populace to extend insurance coverage to people living in rural areas with special emphasis on weaker sections and women workers as a result of the recommendation of the Official Committee for Reforms in the Insurance Sector (Malhotra Committee).
RPLI offers the following six types of policies: 
  1. Whole Life Assurance (Gram Suraksha) 
  2. Endowment Assurance (Gram Santosh)
  3. Convertible Whole Life Assurance (Gram Suvidha) 
  4. Anticipated Endowment Assurance (Gram Sumangal) 
  5. 10 Year RPLI (Gram Priya) 
  6. Children Policy (Bal Jeevan Bima)
Salient Features of Types of Rural Postal Life Insurance (RPLI) plan details

1. Whole Life Assurance (Gram Suraksha) 

This is a scheme where the assured amount with accrued bonus is payable to the insured either on attaining the age of 80 years or to his/her legal representatives or assignees on the death of the insured, whichever occurs earlier, provided the policy is in force on the date of claim. 
• Minimum & Maximum age at entry: 19-55 years 
• Minimum Sum Assured ₹ 10,000; Maximum ₹ 10 lac 
• Loan facility after 4 years • Surrender after 3 years 
• Last declared Bonus- ₹ 65/- per ₹ 1000 sum assured per year 

2. Endowment Assurance (Gram Santosh) 

Under this scheme the proponent is given an assurance to the extent of the sum assured and accrued bonus till he/she attains the predetermined age of maturity i.e 35,40,45,50,55,58 & 60 years of age. • In case of death of insurant, assignee, nominee or legal heir is paid the full amount of sum assured with accrued bonus 
• Minimum & maximum age at entry: 19-55 years 
• Minimum sum assured ₹ 10,000; Maximum ₹ 10 lac 
• Loan facility after 3 years • Surrender after 3 years 
• Last declared Bonus- ₹ 50/- per ₹ 1000 sum assured per year 

3. Convertible Whole Life Assurance (Gram Suvidha) 

A Whole Life Assurance Policy with the added feature of an option to convert to Endowment Assurance Policy at the end of five years of taking policy. 
• Assurance to the extent of sum assured with accrued bonus till attainment of maturity age 
• In case of death, assignee, nominee or legal heir paid the full amount of sum assured with accrued bonus 
• Minimum age & Maximum age at entry: 19-45 years 
• Minimum sum assured ₹ 10,000; Maximum ₹ 10 lac • Loan facility after 4 years 
• Surrender after 3 years 
• Last declared Bonus- ₹ 65/- per ₹ 1000 per year (for WLA policy if not converted to Endowment Assurance) 

4. Anticipated Endowment Assurance (Gram Sumangal) 

It is a Money Back Policy with maximum sum assured of ₹ 10 lacs, best suited to those who need periodical returns. Survival benefits are paid to the insurant periodically. Such payments will not be taken into consideration in the event of an unexpected death of the insurant. In such cases, full sum assured with accrued bonus is payable to the assignee, nominee of the legal heir.
• Policy term: 15 years and 20 years 
• Minimum age 19 years; maximum age at entry 40 years for 20 years’ term policy & 45 years for 15 years’ term policy 
• Survival benefits paid periodically as under: - 
• 15 years Policy- 20% each on completion of 6 years, 9 years & 12 years and 40% with an accrued bonus on maturity 
• 20 years Policy- 20% each on completion of 8 years, 12 years & 16 years and 40% with an accrued bonus on maturity 
• Last declared Bonus- ₹ 47/- per ₹ 1000 sum assured per year 

5. 10 Years Rural PLI (Gram Priya) 

It is a short-term money back scheme for Rural populace only
• Insurant is given life cover to the extent of Sum Assured for 10 years. 
• Survival benefits are paid after 4 years- 20% after 7 years- 20%, and after 10 years – 60% with accrued bonus 
• Minimum & maximum age at entry 20 – 45 years • Minimum sum assured ₹ 10,000, maximum 10 lacs 
• No interest is charged up to one year as arrears of premia in case of natural calamities like flood, drought, earthquake, cyclone etc. 
• Last declared bonus ₹ 47/- per ₹ 1000/- sum assured per year.

6. Children Policy (Bal Jeevan Bima) 

The salient features of this scheme are as under: 
• The scheme provides life insurance coverage to children of policyholders. 
• Maximum two children of the policyholder (parent) are eligible 
• Children between 5- 20 years of age are eligible 
• Maximum sum assured ₹ 1 lac or equal to the sum assured of the parent, whichever is less 
• Policyholder(parent) should not be over 45 years of age. 
• No premium to be paid on the Children Policy, on the death of policyholder (parent). Full sum assured and bonus accrued shall be paid on completion of a term 
• No medical examination of child necessary. However, a child should be healthy and risk shall start from the day of acceptance of a proposal 
• Attract the rate of bonus applicable for Endowment policy (Gram Santosh) i.e. last bonus rate is ₹ 50/- per ₹ 1000 sum assured per year.

Rural Postal Life Insurance is a great insurance product for rural areas which can not be imagined that you may have received information from the picture of Types of Rural Postal Life Insurance (RPLI) plan details. 

Settlement of issues in connection with RICT [DARPAN]

Settlement of issues in connection with Rural ICT Devices

No proposal to replace NPS with old pension scheme

The number of family pensioners getting pension through Central Pension Accounting Office by authorised bank under the NPS as on November 30 was 4,779.

NEW DELHI: The government has no proposal to replace the National Pension Scheme (NPS) with the old pension scheme due to rising and unsustainable pension bill and competing claims on the economy, Parliament was informed on Monday. 

"There is no proposal to replace the National Pension Scheme with old pension scheme in respect of Central Government employees recruited on or after January 1, 2004," Minister of State for Finance Shiv Pratap Shukla said in a written reply in the Lok Sabha. 

The Minister, in his reply to Shimla MP Virender Kahsyap, said the pension bill had been rising and had become unsustainable. A total of Rs 1,56,641.29 crore was spent paying pension during 2017-18. 

Shukla said that the mandatory contribution by the central government for Tier 1 accounts of its employees covered under NPS had been enhanced from the existing 10 to 14 per cent, which will entail an additional financial impact of Rs 2,840 crore in 2019-20. 


The number of family pensioners getting pension through Central Pension Accounting Office by authorised bank under the NPS as on November 30 was 4,779, he added. 


Payment of 3rd Party deductions (Out of account deductions) after Pay roll out [CSI - SAP]

Following is procedure for Payment of 3rd Party Deductions (Out of account deductions) after Pay Roll Out 
This procedure is to be followed only at HO and after successful posting of Salary by DAP
  • Use T-Code ZPAY_DD by Treasurer of Head Office ( Treasurer is authorized to use this T-Code)

Give Pay Roll area, Posting date, DDO Code, Membership Type and Payee Key (All these fields can be filled using searcher available for each field) 
  • Click Execute 
This will generate list of employees for which deduction was made from the salary
After verifying the total amount to be paid to the third party, click on Post Document. This will generate a document for the posting

Amount will get posted in the DTR of the office for the selected Posting date (in first screenshot)

Drawing from Bank entry will be there in receipt side and concerned 3rd Party details on the payment side of the DTR.

Most of the payment to 3rd party will be through cheque only and after generating document number cheque should be issued to the 3rd party through FCH5.

For each 3rd party payments, posting and issue of cheque should be done separately. 

All this exercise should be completed before 5th of succeeding month of Salary Payment.

Drawal of Combined Duty Allowance (CDA) to GDS

 Implementation of recommendation of one man committee on wages and allowances of GDS in c/w drawal of CDA to GDS: Shivamogga division - Karnataka Circle

Furnishing of OBC data of recruitment to Commission for Sub-Categorization of OBC[DoPT]

DoPT Order No.21/1/2016-CS.I(PR/CMS) dated 31.12.2018

Important points about the Digital Savings Account of India Post Payment Bank (IPPB)

India Post Payment Bank (IPPB) facilitates the opening of all types of savings accounts like regular, digital and basic. These three types of savings accounts are given at the rate of 4 percent interest. This information is available on IPPB's official website ippbonline.com. Important points about the Digital Savings Account of India Post Payment Bank (IPPB)
IPPB offers all kinds of services like Savings and Current Account, Money Transfer, Direct Benefit Transfer, Bill, and Utility Payment and Enterprise and Merchant Payment. India Post Payment Bank provides services of RTGS, IMPS, and NEFT for fund transfer.

Important points about the Digital Savings Account of India Post Payment Bank (IPPB)The Digital Savings Account of India Post Payment Bank can be opened through the Payment Bank Mobile App. Anyone whose age is 18, has the base and PAN card, he can open this account.

You have to complete the formalities related to KYC within the next 12 months of opening this account, in case of not doing so, this account can be closed. The KYC formalities can be completed by going to any access point or with the help of GDS / Postman (Rural Postal Servants). After this, the Digital Savings Account will be upgraded to a regular Savings Account.

In this account, the account holders have the freedom to deposit the maximum amount up to Rs 2 lakh. In this account, interest is paid on an annual basis with a rate of 4 percent on the deposited amount, which is paid on a quarterly basis.

India Post Payment Bank's Digital Savings Account can be opened with Zero Balance and customers do not have to pay Monthly Hours Balance on this.

Digital Savings Account can be linked with POSA (Post Office Savings Account). However, for this, you have to complete KYC formalities within 12 months of opening the account.

India Post Payment Bank Digital Savings Account terms and conditions that you will have to complete while opening your account.