Monday, February 04, 2019

National Pension System (NPS) – 42 Aspects to Know before March 2019

National Pension System

42 Aspects to Know…

1) What is National Pension System?

NPS is an easily accessible, low cost, tax-efficient, flexible and portable retirement savings account. Under the NPS, the individual contributes to his retirement account and also his employer can also co-contribute for the social security/welfare of the individual. NPS is designed on Defined contribution basis wherein the subscriber contributes to his account, there is no defined benefit that would be available at the time of exit from the system and the accumulated wealth depends on the contributions made and the income generated from investment of such wealth. The greater the value of the contributions made, the greater the investments achieved, the longer the term over which the fund accumulates and the lower the charges deducted, the larger would be the eventual benefit of the accumulated pension wealth likely to be.

2) Who is the regulator for NPS?

PFRDA is the regulator for NPS. Pension Fund Regulatory and Development Authority (PFRDA) is an Authority set up by the Government of India through the PFRDA Act 2013 to promote old age income security by establishing, regulating and developing pension funds to protect the interest of subscribers to schemes of pension funds and for matters connected therewith or incidental thereto.

3) Can an NRI open an NPS account?

Yes, a NRI can open an NPS account. Contributions made by NRI are subject to regulatory requirements as prescribed by RBI and FEMA from time to time. If the subscriber’s citizenship status changes, his/ her NPS account would be closed.

4) If a subscriber have invested in any other Provident Fund, can I still invest in NPS?

Yes. Investment in NPS is independent of subscribers’ contribution to any Provident Fund.

5) Can a subscriber having investment in pension funds of non-government / private entities invest in NPS?

Yes. Investment in NPS is independent of subscription to any other pension fund.


Under National Pension System (NPS)

6) What are the tax benefits of NPS?

The various Tax benefit as under:

A. Employee Contribution: Deduction upto 10% of salary (basic+ DA) within overall ceiling Rs.1.50 Lakh u/s 80C.

B. Voluntary Contribution: Deduction upto Rs.50,000 u/s 80 CCD(1B) from taxable income for additional

contribution to NPS.

C. Employer Contribution: Deduction upto 10% of salary (Basic + DA) from taxable income u/s 80 CCD(2). This is over and above the limits u/s 80C.

7) Which document can a Subscriber use as investment proof in order to avail the tax benefit?

The print out of the Transaction Statement could be used as a document for claiming tax benefit.

8) Can a subscriber get loan under NPS?

No. At present, a subscriber cannot avail a loan against his / her NPS holdings.

9) How can a subscriber check the status of his/her PRAN application?

Subscriber can check the status by accessing CRA website: by using the 17 digit receipt number provided by POP-SP or the acknowledgement number allotted by CRA-FC at the time of submission of application forms by Nodal Offices. Once the PRAN is generated, an email alert as well as a SMS alert will be sent to the registered email ID and mobile number of the subscriber.

10) Whom to contact for non-receipt of PRAN Card?

PRAN Card is despatched to the nodal offices within 20 days from the day of receipt of duly filled registration form at the CRA-FC office. In case of non-receipt of the PRAN Card, a Subscriber can check with the associated nodal office or he can check the status by accessing the link:

11) What are the different options in the IVR available to the subscribers?

Subscribers have the following options in IVR:

a) Change of T-PIN.

b) Check scheme preference and holding details.

c) Check the status of any change request (like change of address, nomination etc.).

d) Check details of last contribution credit and last withdrawal request (for Tier II only).

e) Request for SOT for any financial year

f) Check status of Subscriber Shifting

g) Speak to a customer service executive

12) What is the procedure for registration of Subscribers in the CRA system for Tier II account?

If the Subscriber is an existing PRAN Card holder, he/she can activate the Tier II account by approaching his Nodal Office, or can contact the POPs to activate Tier II. The list of POPs is available on our website ( Tier II can also activate their Tier II account through eNPS (

13) What are the different Fund Management Schemes available to the subscriber?

The NPS offers two approaches to invest subscriber’s money:

a) Active choice – Here the individual would decide on the asset classes in which the contributed funds are to be invested and their percentages (Asset class E(maximum of 50%), Asset Class C, and Asset Class G )

b) Auto choice – Lifecycle Fund- This is the default option under NPS and wherein the management of investment of funds is done automatically based on the age profile of the subscriber. For full details, one may go through our website wherein the full details of the investment choices and fund management details are provided. Currently, these options are available to Government subscribers only Tier II account.

14) What is rebalancing as per regulatory requirement appearing in Transaction Statement for NPS?

As mentioned in the offer document of PFRDA, in case of subscribers who have opted ‘Auto choice’ investment option, the percentage of investment in the asset classes E/C/G will change as per the age of the subscriber as given in the ‘Life cycle Investment Matrix’. The change happens on the date of birth of the subscriber. In this process, asset allocation ratio is changed and the existing assets are redeemed and reinvested as per the new ratio of


15) How can a Subscriber change his/her scheme preference?

Scheme Preference change option is not available to Government subscribers for Tier I. whereas the non-government subscribers can change it once a financial year. The Subscriber has to submit the physical application form (Form-UOS-S3) to change Scheme Preference. However, such changes can be done online as well by the subscriber using the IPIN.

16) How are the returns calculated in NPS? Is there any assured return / dividend / bonus?

For Central Government employees mandatorily covered under NPS, the total contribution uploaded in an employee’s Tier I account is divided among three PFMs. viz. SBI Pension Funds Private Limited, UTI Retirement Solutions Limited and LIC Pension Fund Limited in a predefined ratio and units are allotted in the subscribers account. For State Government employees mandatorily covered under NPS, the total contribution uploaded in an employee’s Tier I account is divided among the three PFMs. viz. SBI Pension Funds Private Limited, UTI Retirement Solutions Limited and LIC Pension Fund Limited in a ratio as decided by the State Government and units are allotted in the subscribers account accordingly. The PFMs invest the money in different financial instruments within the investment guidelines laid down by PFRDA and declare Net Asset Value (NAV) at the end of each business day. Accordingly, based on the NAV, units are credited in the subscriber’s account. The present value of the investment is arrived by the units held multiplied by the NAV. The return under NPS is market driven. Hence, there is no guaranteed/defined amount of return. The returns generated through investments are accumulated and is not distributed as dividend or bonus.

17) What are the Assets permitted for NPS funds Investment?

a) Asset class E: “High return, High risk” (equity market instruments).

b) Asset class G: “Low return, Low risk” fixed income instruments. The best example of this is central government bonds.

c) Asset class C: “Medium return for credit risk” bearing fixed income instruments.

Examples of these are bonds issued by firms.

18) What is Net Asset Value (NAV)?

Also known as NAV, this is the price of one unit of a fund. NAV is calculated at the end of every working day between Monday and Friday. It is calculated by adding up the value of all the securities and cash in the fund’s portfolio (its assets), subtracting the fund’s liabilities, and dividing that number by the number of units that the fund has issued. The NAV increases (or decreases) when the value of the fund’s holdings increase (or decrease). NAV of different PFMs may differ. Even the different schemes under the same PFM will have different NAV.

19) When will the units be credited to my NPS account?

Subscriber’s associated nodal office will upload his / her monthly contribution details to CRA along with transfer of funds to the Trustee bank appointed by PFRDA. CRA will match the contribution details uploaded by the Nodal Office with the amount confirmed by Trustee Bank and instruct the Pension Fund Managers to invest the contribution as per the scheme preference. The units created will be credited by CRA to the Permanent Retirement account.

20) Will the Subscriber get any Annual Account Statement for his/her PRAN?

The Annual Account Statement as of March 31st of every year will be sent to the registered correspondence address. Also, if a subscriber wishes to have a transaction statement on an adhoc basis, he/she can log into CRA system using the I-PIN and view the Transaction Statement. Subscriber can also access the account details through the IVR or by getting in touch with their Nodal Offices to get a copy of the Account Statement.

21) What are the details of the Subscriber a Nodal office can update?

Nodal Office can update the following requests of the employee/subscriber

1. Change in Personal details including Bank details;

2. Change in Employment details;

3. Change in Nomination details;

4. Reissue / authorize reset of I-PIN and T-PIN request;

5. Reprint of PRAN Card.

Nodal office can also generate and print Transaction Statement and Statement of Holding for an employee associated with it.

22) Can a Subscriber reset the I-PIN (Internet Password) online?

Yes, the Subscriber has an option to reset his/her I-PIN online. The request needs to be initiated online in CRA system by clicking on the “Forgot Password” link and selecting the “Instant Reset I-PIN”. The Subscriber needs to print the acknowledgement and handover the same to the nearby PAOs/CDDOs/DTOs/POP-SPs for authorization irrespective of whether the Subscriber is associated with it or not. After successful authorization by the

PAOs/CDDOs/DTOs/POP-SPs, subscriber can use the new password (provided during the initiation of the request) for login in the system. The Subscriber can alternatively opt for generation of One Time Password (OTP). This option enables the Subscriber to authorize the request immediately. This facility can be used only by Subscribers whose mobile numbers have been updated in the CRA system.

23) Who can be a Nominee and how are the details to be filled in the form?

Only an Individual can be a nominee. Subscriber can nominate a maximum of three nominees. Subscriber cannot fill the same nominee details more than once. Percentage share value for all the nominees must be integer. Decimals/fractional values are not accepted in the nomination(s). Sum of percentage share across all the nominees must be equal to 100. If sum of percentage is not equal to 100, entire nomination will be rejected. If a nominee is a minor, then nominee’s date of birth and guardian details shall be mandatory. The registration of nominee details will not be done unless all details are duly filled up in the form. A subscriber may refer the instructions for nominations available in the registration

Form CSRF1

24) Can a minor be a nominee?

Yes, minor can be a nominee. In such case, subscriber will be required to provide guardian’s details and date of birth of the minor.

25) What happens to the PRAN in case a Subscriber is transferred to another location?

One of the core attributes of NPS is portability of PRAN across sectors. The PRAN allotted under NPS is unique and portable. This unique account number will remain the same for the rest of Subscriber’s life. Subscriber will be able to use this account and this unique PRAN from any location in India. For shifting PRAN from one sector to another sector, the Subscriber is required to submit Form ISS-1 [(Inter Sector Shifting from). The form ISS1 is

available on the CRA website –] to the target Nodal Office i.e. to the Nodal Office with whom he/she will be associated after shifting. The target Nodal Office will facilitate the shifting of PRAN along with accumulated NPS contributions of source sector in the CRA system. However, the above process is applicable only for shifting the PRAN from one sector to another. For shifting of PRAN within Central Government sector, the Subscriber is required to intimate his PRAN to the target (new) office with whom he/she will be associated after shifting. There is no need to fill form ISS-1. The new office will facilitate shifting of PRAN in the CRA system. On successful processing of monthly NPS contributions by new office, PRAN will get associated to new office in the CRA system. Further, the new office is required to update Subscriber’s employment details in the CRA system.

26) I have a NPS account and have a grievance on the services provided. To whom shall I report and how?

a) The subscriber can raise grievance through any of the modes mentioned below:

 Call Centre/Interactive Voice Response System (IVR)

 The Subscriber can contact the CRA call center at toll free telephone number 1-800- 222080 and register the grievance by using T-PIN.

 Dedicated Call center executives.

b) Physical forms direct to CRA

 The Subscriber may submit the grievance in a prescribed format to the POP – SP who would forward it to CRA Central Grievance Management System (CGMS).

 Subscriber can directly send form to CRA.

c) Web based interface

 The Subscriber may register the grievance at the website with the use of the I-pin allotted at the time of opening a Permanent Retirement Account. A subscriber may also write to Grievance Redressal Cell, PFRDA, or Email: for taking appropriate action. The Subscriber can check the status of the grievance in CRA website at Subscriber will receive an email alert when the grievance is resolved.

27) How can a Subscriber check the status of the grievance lodged by him/her?

When a subscriber registers a grievance in the CRA website (, an unique token number is assigned to each and every grievance. Subscriber can use that token no. to know about the status of the grievances either through the call centre or through the CRA website.

28) What are the types of grievances for which a Subscriber can approach the Nodal Office directly?

A Subscriber can approach the Nodal Office in case of the following grievances:

a) Non receipt of PRAN Card.

b) Re-issue of PRAN Card.

c) Re-issue of I-PIN/T-PIN.

d) Submission of request for modification (Form S2) in subscriber details such as personal details, nomination details, employment details, etc.

e) Incorrect/non updation of subscribers details (after submission of Form S2).

f) Submission of request for Shifting of Subscriber (Form ISS-1).

g) Contribution not uploaded by Nodal Office.

h) Delay in contribution upload by Nodal Office.

i) Submission of request for Transaction Statement.

j) Queries regarding submission of PRAN application, change in subscriber details, shifting of subscriber etc.

k) Queries relating to service term such as amount of NPS deduction, payment of salary, retirement benefits etc.

l) Submission of request for withdrawal.

29) What types of Withdrawals are allowed under the National Pension System?

As per Pension Fund Regulatory & Development Authority (PFRDA) Exit Rules, following Withdrawal categories are allowed:

a) Upon Normal Superannuation – At least 40% of the accumulated pension wealth of the Subscriber has to be utilized for purchase of annuity providing for monthly pension of the Subscriber and the balance is paid as lump sum to the subscriber.

In case the total corpus in the account is less than Rs. 2 Lakhs as on the Date of Retirement (Government sector)/attaining the age of 60 (Non-Government sector), the Subscriber can avail the option of complete Withdrawal.

b) Upon Death – The entire accumulated pension wealth (100%) would be paid to the nominee/legal heir of the Subscriber and there would not be any purchase of annuity/monthly pension.

c) Exit from NPS Before the age of Normal Superannuation – At least 80% of the accumulated pension wealth of the Subscriber should be utilized for purchase of an annuity providing the monthly pension of the Subscriber and the balance is paid as a lump sum to the Subscriber.

30) Where are the Withdrawal forms available to the subscribers?

Withdrawal forms are available on the NSDL-CRA Corporate Website ( Subscriber can also send an e-mail to or to get the Withdrawal forms on their emails.

31) Can a Subscriber claim for 100% Withdrawal in case of Superannuation and Pre-mature Exit?

In case of Pre-mature Exit, if the total accumulated corpus is less than Rs. 1,00,000 then 100 % claim is possible. In case of Superannuation, a Subscriber can claim 100% Withdrawal if the total accumulated corpus is less than Rs. 2,00,000 at the time of Superannuation/attaining age of 60 years.

32) Who can claim the accumulated wealth in case of death of a Subscriber?

Nominee(s) registered in the CRA system can submit the Withdrawal request to CRA through the Subscriber’s associated Nodal Office. If the Subscriber was Non – IRA (NonIndividual Retirement Account) or Nominee was not registered with CRA, legal heir(s) can submit the Withdrawal request.

33) In case of death of any NPS Subscriber who had nominated two nominees (one major and second minor), can the claim be made by the major claimant only?

Withdrawal form needs to be submitted by all the nominees registered in CRA system. In case the nominee is a minor, Withdrawal form has to be submitted by the guardian along with the birth certificate of the minor.

34) Whether Withdrawal proceeds can be provided through Cash or Demand Draft?

No, Withdrawal proceeds are credited electronically to the bank account of the Subscriber/Claimant, as the case maybe. It is necessary for the Subscriber /Claimant to have a bank account.

35) How one can check the status of Withdrawal request?

Withdrawal status can be checked through the ‘Limited access View’ functionality which is available at CRA website ( Nodal Office and Subscriber can also check the status under the menu ‘Exit Withdrawal Request’ by logging into website.

36) What is Annuity?

An annuity is a financial instrument which provides for a regular payment of a certain amount of money on monthly/quarterly/annual basis for the chosen period for a given purchase price or pension wealth. In simple terms it is a financial instrument which offers monthly/quarterly/annual pension at a specified rate for the chosen period.

37) What is a Deferred Lump-sum Withdrawal?

Subscribers exiting NPS on account of Superannuation can opt for deferring the Withdrawal of their lumpsum share (maximum 60%) to a maximum period of 10 years or 70 years of age (whichever is earlier).

38) What is a Deferred Annuity?

As per PFRDA Exit Rules, Subscribers exiting NPS on account of Superannuation or Premature Exit can defer purchase of Annuity (minimum 40% & 80% is to be invested with ASP in case Withdrawal is due to Superannuation & Pre-mature Exit respectively) for a maximum period of 3 years.

39) What is the role of Annuity Service Provider (ASP)?

Annuity in the context of NPS refers to the monthly payment that will be received by the subscriber from the Annuity Service Provider after his exit from NPS. Annuity Service Provider is an IRDA registered insurance company empanelled by PFRDA for providing of Annuity Services to NPS subscribers upon their exit from the system. ASPs will be responsible for managing the funds (allocated for buying annuity) and payment of the pension after a subscriber attains the age of 60. PFRDA has empanelled the following seven IRDA approved life insurance companies for providing annuity services to the subscribers of National Pension System (NPS).

40) Who are the ASPs available at present?

At present seven ASPs are providing the Annuity services to NPS Subscribers. The ASPs are as follows:

a) Life Insurance Corporation of India

b) SBI Life Insurance Co. Ltd.

c) ICICI Prudential Life Insurance Co. Ltd.

d) HDFC Standard Life Insurance Co Ltd.

The contact details of ASPs is available at

41) What are the different types of annuities or annuity choices available to NPS subscriber?

The different type of Annuity options are:

a) Annuity for life.

b) Annuity for life with return of purchase price on death

c) Annuity payable for life with 100% annuity payable to spouse on death of annuitant

d) Annuity payable for life with 100% annuity payable to spouse on death of annuitant with return on purchase of annuity

42) Is it compulsory to select ASP at the time of Superannuation / Pre-mature Exit?

Yes, it is compulsory for the NPS Subscribers to purchase an annuity product from empanelled ASPs at the time of Superannuation and Pre-mature exit. The Subscriber selects the ASP at the time of submitting the withdrawal request or after the payment of Lump-sum withdrawal (maximum 60% & 20% can be withdrawn in case of Superannuation & Premature Exit respectively).

Employment Opportunities - PIB News

 Ministry of Labour & Employment

Employment Opportunities

 04 FEB 2019

Employment generation coupled with improving employability is the priority of the Government. The Government is implementing various programs in this direction like encouraging private sector of economy, fast tracking various projects involving substantial investment and increasing public expenditure on schemes like Prime Minister's Employment Generation Programme (PMEGP), Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), Pt. Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) and Deendayal Antodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) etc. The details of employment generated through these major schemes are given below:
 Employment Generated
Schemes/Year 2015- 16 2016-17 2017- 18 2018-19
Estimated employment generated under PMEGP
(person in lakh)
3.23 4.08 3.87 2.85
(till 30.11.18)
Persondays Generated under MGNREGS
( in Crore)
235.14 235.65 234.22 163.22
(till 30/11/18)
Candidates placed in jobs after training DDU-GKY
(in lakh)
1.09 1.48 0.76 0.96
(till 03.12.18)
Skill Trained Persons given Placement DAY-NULM
(in lakh)
3.37 1.52 1.15 0.95
(till 05/12/18)

Pradhan Mantri Mudra Yojana (PMMY) has been initiated by Government for facilitating self-employment. Under PMMY collateral free loans upto Rs. 10 lakh, are extended to small/micro business enterprises and to individuals to enable them to setup or expand their business activities. Till 25th January, 2019, total 15.59 crore loans have been sanctioned under the Scheme.

Pradhan Mantri Rozgar Protsahan Yojana (PMRPY) has been launched by the Ministry of Labour & Employment for incentivizing employers for promoting employment generation. Under this scheme, Government is paying entire employer's contribution (12% or as admissible) towards EPF and EPS for all eligible new employees for all sectors for three years. Till 21.01.2019, more than 1.04 crore   employees have been benefitted through 1.28 lakh establishments under this scheme.

As per the results of available labour force surveys on Employment-Unemployment conducted by Labour Bureau, Ministry of Labour and Employment, the estimated unemployment rate for persons aged 15 years and above on usual status basis in the country in 2012-13, 2013-14 and 2015-16 was 4.0%, 3.4% and 3.7% respectively.

This information was given by Shri Santosh Kumar Gangwar Union Minister of State (I/C) for Labour and Employment in written reply to a question in Lok Sabha today.

PIB News

List of Addl. Directors concerned to take over 33 Postal Dispensaries

List of Addl. Directors concerned to take over 33 Postal Dispensaries 

Payment of PLI/RPLI through Cheque [Directorate PLI]

Payment of PLI or RPLI through Cheque

TCB printing tool for CSI offices

Developed by System Administrator, Kaloor P.O 682017 Ph: 79 0772 0410
  • Closing balance will be stored to Registry.
  • Next day clicking 'update details' will update current date-system date and OB.
  • Export TCB to excel it, copy only transactions row wise . 
  • No need to paste. 
  • Click Print TCB.

Clarification on Reimbursement of Rent to Government Servants – Finmin Orders Dt.1.2.2019

Clarification on Reimbursement of rent to Government servants – Finmin Orders Dt.1.2.2019

Reimbursement of rent to Government servants during their temporary stay (upto a maximum period of six months) in State Bhavans/Guest Houses/Departmental Guest Houses run by Central Government/State Governments/Autonomous Organizations etc.

Government of India
Ministry of India
Department of Expenditure

North Block, New Delhi,
Dated, 01st February 2019
Office Memorandum

Subject: Reimbursement of rent to Government servants during their temporary stay (upto a maximum period of six months) in State Bhavans/Guest Houses/Departmental Guest Houses run by Central Government/State Governments/Autonomous Organizations etc.

Several references are being received in this Department seeking clarification regarding applicability of instructions contained in this Department’s O.M. No.2(25)/2004-E.II(B) dated 15.12.2011 to Central Government officials on their stay in State Bhavans/Guest Houses and also in cases where Central Government officials stay in Department Guest Houses.

2. The matter has been considered in this Department. In supersession of the instructions contained in aforesaid O.M. Dated 15.12.2011, it has been decided that the officials on their posting to the Centre and the Central Government Officials on their transfer/posting to a new station, necessitating chages of residence if they temproarily stay in State Bhavans/Guest Houses/Departmental Guest Houses run by Central Government / State Government/Autonomous Organizations etc., may be reimbursed the amount of rent paid subject to fullfillment of the following conditions:

(a) The official has applided for accommodation of his entitlement, but has not been alloted residential accommodation by the Government

(b) The concerned Guest House should be located at the place of posting of the official.

(c) The official must have stayed in State Bhavans/Guest Houses/Departmental Guest Houses run by Central Government / State Government/Autonomous Organizations etc.and submit rent receipt in support of payment of rent.

(d) Reimbursement of rent shall be admissible up to a maximum period of six months.

(e) No House Rent Allowance (HRA) shall be admissible during this period.

3. These orders shall be effective from the dated of issue.

4. In so far the persons serving in the India Audit and Accounts Department are concerned, these orders issue in consultation with the Comptroller and Auditor General of India.

Hindi version is attached.

(Nirmala Dev)
Deputy Secretary to the Government of India

OWA for Android - Webmail Application by Microsoft

IMPORTANT: Your mailbox must be on the latest version of Office 365 for business (excludes Office 365 Personal and Office 365 Home Premium). 
Image result for owa android apk
OWA for Android lets you interact with your email, calendar, and contacts from virtually anywhere using your Android phone. You can triage email, manage your schedule, and sync contacts on the go, while protecting your business data.

With OWA for Android you can get work done faster with email:

- Organize your email quickly with Conversation View, Mark as Junk, Flag, and Categories. 

- Quickly search or browse email in all folders including Outlook Favorites. 

- Use inline apps for shipment tracking, Bing maps for addresses, and other great features. 

You can also manage your schedule with ease:

- Schedule meetings using attendee free/busy and room finder features. 

- View shared calendars, including delegate support. 

- Use your voice to look up a contact or retrieve your schedule:

Take your mailbox's contacts with you:

- No need to use Exchange ActiveSync to see your mailbox's contacts on your phone. Use OWA for Android to sync your contacts to your phone. 

- Update your contacts’ information from your phone's address book, which will then be synced back to your mailbox. 

- Keep business data secure 

- Skip the device administrator setup — we'll set up a PIN for you within the app. You don’t need a PIN on your device (unless your admin requires encryption)!

- Use remote wipe if your phone is lost or stolen. It erases only your corporate date and leaves your personal data on the device alone.


- Device is running Android 4.4 KitKat or higher

- Mailbox is running on the latest version of Office 365 for business


Request for release of revised/supplementary Results to the cadre of AAO (LDCE 2018-19)

Limited Departmental Competitive Examination for promotion to the cadre of Assistant Accounts Officers (LDCE-2018-19) held on 5th to 8th July 2018 - announcement of results thereof and request for release of revised /supplementary results thereafter

Post Office Small Savings & Jan Suraksha Schemes - Ready Reckoner [01.01.2019 - 31.03.2019]

Post Office Savings Bank and Jan Suraksha Schemes Information (01st January 2019 to 31st March 2019)

Draft Audit Para on 'excess payment of Composite Transfer Grant' regarding

Compliance report called for from all Circle against the para raised by audit that is Draft Audit Pata on 'excess payment of Composite Transfer Grant' regarding

पीएलआई/आरपीएलआई के लाभ Benefits of PLI / RPLI KE LABH

पीएलआई/आरपीएलआई के लाभ

पीएलआई आज भारतीय जीवन बीमा बाजार में एकमात्र बीमाकर्ता है जो बाजार में किसी भी उत्पाद के लिए कम प्रीमियम के साथ उच्च प्रतिफल (बोनस) देता है।

एक पीएलआई/आरपीएलआई पॉलिसी धारक निम्न सुविधाएं एवं लाभ भी प्राप्त कर सकता है: -
  • नामांकन में बदलाव
  • बीमाकर्ता भारत के राष्ट्रपति की ओर से अंचल के प्रमुखों के समक्ष अपनी पॉलिसी बंधक रखकर ऋण ले सकता है, बशर्ते पॉलिसी ने बन्दोबस्ती सुरक्षा के मामले में 3 वर्ष तथा सम्पूर्ण जीवन सुरक्षा के मामले में 4 वर्ष पूरा कर लिया है। समनुदेशन की सुविधा भी उपलब्ध है।
  • ऋण लेने के लिए किसी भी वित्तीय संस्थान को पॉलिसी का समनुदेशन
  • किसी के निरस्त पॉलिसी का पुनर्चलन। 6 अदत्त प्रेमियमों के बाद पॉलिसी तब निरस्त हो जाती है, अगर वह 3 वर्ष से कम समय तक चली है तथा 12 अदत्त प्रेमियमों के बाद पॉलिसी तब निरस्त हो जाती है अगर यह 3 से अधिक वर्षों तक चली है।
  • मूल पॉलिसी बॉण्ड के खो जाने, जल जाने या फटा/विकृत होने के मामले में अनुलिपि पॉलिसी बॉन्ड जारी।
  • नियमों के मुताबिक कम बीमित राशि या कम अवधि के साथ सम्पूर्ण जीवन सुरक्षा-ग्राम सुरक्षा से बन्दोबस्ती सुरक्षा–ग्राम संतोष तथा बन्दोबस्ती सुरक्षा–ग्राम संतोष से अन्य बन्दोबस्ती सुरक्षा–ग्राम संतोष में रूपांतरण।

बैंकों और डाकघर में पैसे जमा करवाने वालों को मोदी सरकार ने दी बड़ी राहत

मोदी सरकार ने आसन्न आम चुनाव के मद्देनजर किसानों, असंगठित क्षेत्र के श्रमिकों, नौकरीपेशा लोगों के लिए अपना खजाना खोलते हुये अगले वित्त वर्ष के अंतरिम बजट में घोषणाओं की झड़ी लगा दी। वित्त मंत्री पीयूष गोयल ने लोकसभा में शुक्रवार को अंतिरम बजट पेश करते हुये छोटे तथा सीमांत किसानों की मदद के लिए प्रधानमंत्री किसान सम्मान निधि बनाने की घोषणा की जिसके तहत दो हेक्टेयर तक की जोत वाले किसानों को सालाना छह हजार करोड़ रुपये की मदद दी जायेगी।

उन्होंने 40 हजार रुपये तक के ब्याज पर टीडीएस नहीं काटने की भी घोषणा की जो अभी दस हजार रुपये ब्याज पर लागू है। बैंकों और डाक घरों में जमा राशि पर मिलने वाले 10 हजार रुपये के ब्याज पर अभी टीडीएस कटौती की जाती है जिसे बढ़ाकर अब 40 हजार रुपये किया जा रहा है। उन्होंने कहा कि अभी 1.80 लाख रुपये तक की वार्षिक आवास किराया आय पर कर लगता है जिसे अब बढ़ाकर 2.40 लाख रुपये कर दिया गया है।

गोयल ने कहा कि प्रधानमंत्री किसान सम्मान निधि चालू वित्त वर्ष से ही प्रभावी हो रहा है और इसके लिए चालू वर्ष में 20 हजार करोड़ रुपये का प्रावधान किया गया है । उन्होंने कहा कि सरकार ने करोड़ों को रोजगार देने वाले एमएसएमई सेक्टर को सशक्त करने के लिए कई प्रभावी कदम उठाए है। इस क्षेत्र के लिए हाल ही में सिर्फ 59 मिनट में एक करोड़ तक का ऋण स्वीकृत करने की योजना शुरु की गई है।

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Audit objections on the Option for Pay Fixation in 7th CPC [An analysis]

This article is regarding the option for pay fixation on 7th CPC, after getting MACP. I came to understand that the audit has objected such switching over to revised pay structure with effect from the DNI. Let us see what the rule says.

First of all I wish to submit that MACP and promotion in the hierarchical ladder are entirely different things. The orders on MACPS clearly states that there is no change in post, responsibility and it is only a financial upgradation. For MACP, the official continues in the same post whatsoever. Also, if the official exercises option for pay fixation on his DNI, he can continue the same PB and the same GP upto his DNI, as required by these rules.

Audit has raised objections based on one ID number relates to MOD. A copy of one such objection is furnished below for ready reference. All other objections are also raised on similar grounds. 

“As per the M/o Finance, D/O Expenditure ID no 300346981 dated 14.9.2017 on the above subject, it is categorically stated that the option to switch over to the revised pay structure either on 1.1.2016 or from a later date than 1.1.2016 i.e. on the date of promotion or the date of next increment, is applicable under Rule 5 in case of post held on 1.1.2016. Thus, if the date of next increment on 1.7.2016 for a post held on 1.1.2016 falls after the date of promotion i.e. 28.1.2016, in this case, then the date of next increment for the post held on 1.1.2016 has no relevance for option, as this post is no longer held on the date of next increment. Thus, option cannot be exercised from 1.7.2016 to switch over to the revised pay structure. “
As could be seen, the above objection is about fixation after promotion, and not for MACP.
As per rule 5, 6, provisos under these rules and also explanation 1 below these rules, the following conditions are necessary for option to switch over to new pay structure on DNI or on the date of subsequent increments.
  • The official should continue in the same post from 1.1.16 to the date of switching over to the revised pay structure.
  • The official should continue in the same pay band and same grade pay from 1.1.2016 to the date of switching over to the revised pay structure. (Should retain only one pay band and only one GP). In other words, on the DNI, the regular increment as well as the increment for promotion should be on the pay band and grade pay as on 1.1.2016.
The audit objection based on the MOD communication holds good in the following cases of promotions involving change of post or change of GP/scale, and not for MACP upgradations. For example, consider the following cases.

Case 1: A postman with GP 2000 is promoted as Postal Assistant, with GP 2400 on 1.3.2016

The official joins as PA on 1.3.16 and opts for fixation for his promotion on his DNI 1.7.16 and also for switching over to revised pay structure from 1.7.2016

The official is in PB 1 and GP 2000 on 1.1.2016. On 1.3.2016, due to exercising the option, he will be paid only the difference in GP 400 in addition to his pay (pay+GP 2000+diff in GP 400). The official continues in the same PB 1 and GP 2000 till 1.7.16, his DNI. On 1.7.2016, his regular increment and the increment on promotion will be calculated only on the pay on 1.1.2016 and GP 2000. Hence the official retains only one PB and only one GP 2000. Even then, he cannot exercise option for switching over on 1.7.2016, since the official was working as Postman on 1.1.2016 and as Postal assistant from 1.3.2016. Since a change of post is involved, this official cannot exercise this option. In this type of cases only, the above audit objection is correct. As per the communication cited by the audit, the post of postman which he was holding on 1.1.2016 has no relevance on 1.7.2016. The official can exercise option for any one of the following.

(i) To switch over to revised pay on 1.1.2016, and for his promotion on 1.3.2016, can have fixation either on the date of promotion 1.3.2016 or his DNI in the revised pay 1.7.2016.

(ii) The official can continue in the pre revised pay upto 1.3.2016 and after getting his pay fixed for his promotion, he can switch over to the revised pay w.e.f. 1.3.2016, with DNI 1.1.2017. (As the promotion takes place between 1.1.2016 and 25.7.2016 he can switch over on the date of promotion). 

Case 2: A postman with GP 2000 is granted MACP to GP 2400 on 1.3.2016

The official exercises option for pay fixation on DNI 1.7.16 and also to switch over to the revised pay structure on 1.7.16.
In this case, the audit objection is wrong.
The official was working as Postman on 1.1.2016 and also on 1.7.2016, in the same post.
The official was in PB I with GP Rs. 2000 on 1.1.2016. Based on his option, the official will be paid the Pay as on 1.1.2016, GP 2000 and difference of GP Rs. 400 from 1.3.2016. The pay as on 1.3.2016 should be taken as Pay in the pay band+GP 2000+diff in grade pay Rs. 400 and not pay in the pay band+GP 2400. on 1.7.2016, one annual increment and one increment for his MACP will be paid only on the pay as on 1.1.2016 and GP 2000. Hence, the official retained only one PB and one GP as prescribed in the rules. In this case, the switching over to revised pay structure on 1.7.2016 is in order, as per rules on the subject.

Case 3: A postal assistant with GP 2400 is promoted to PM Gr I with GP 2800 on 1.3.2016.

In this case, there is a change in post involved. On 1.1.2016 he was working as PA and as PM Gr I from 1.3.2016. By exercising option for pay fixation on 1.7.16, the official can retain the same PB and GP upto 1.7.16. Even then, since there is change in post is involved, the official cannot exercise option to switch over to the revised pay structure on 1.7.2016.

Case 4: A postal assistant with GP 2400 is granted MACP to GP 2800 on 1.3.2016

In this case, if the official exercises option for pay fixation on DNI 1.7.16, he can switch over to revised pay structure on 1.7.16. The official continues in the same post of PA, and in the same PB I and GP 2400 till DNI.
If the official opts for pay fixation for MACP on his date of promotion, 1.3.2016, then the official after getting his fixation should switch over to the revised pay structure w.e.f.1.3.2016 itself with DNI 1.1.2017.

Case 5: Retaining more than one pay band, GP.

One PA with GP 2400 is awarded MACP with GP 2800 on 1.3.2016. The official exercises option for pay fixation on DNI 1.7.2016 and for switching over to revised pay structure w.e.f.1.7.2016. From 1.3.2016, pay in PB I, GP 2400 and difference in GP Rs.400 will be paid.
As things stand, the same official is promoted as AAO, with GP 4800 w.e.f. 1.5.2016. The official exercises option to pay fixation on DNI 1.7.2016 and also to switch over to revised pay structure on 1.7.2016.
In this case, the official is working as PA on 1.1.2016 in PB I with GP 2400. Consequent on the MACP also, the official continues in the same post, same PB and same GP. On promotion to AAO, there is a change in post.
In this case, the following options are available.
  1. The official can switch over to revised pay structure on 1.1.2016.
  2. The official can get his promotion for MACP on the date of promotion itself on 1.3.2016 and switch over to revised pay structure on that date itself 1.3.2016.
  3. For his promotion to AAO, he can exercise option for fixation on the date of promotion 1.5.2016 or on his DNI 1.1.2017.
For the period from the date of promotion and date of fixation on DNI, the official is paid only the EXISTING GRADE PAY, EXISTING GP and the difference in grade pay.

Consider an official drawing Rs. 13950, with GP 2800 on 1.1.2016. If he is awarded MACP to the GP of 4200 on 1.3.2016, and the official exercises option for pay fixation on his DNI, then the pay of the official from 1.3.2016 would be Rs.13950+2800+1400 and NOT 13950+4200. If LPC is to be issued to this official during this period, the pay will be mentioned as PB 1 with GP 2800. The difference in grade pay will be furnished separately. This makes the difference.

As per CCS (RP) Rules, 2008, for fixation on the date of promotion, the EXISTING PAY and EXISTING GP will be taken. Also, for the period between the date of promotion and DNI, the official will be paid the existing GP and the difference in grade pay and NOT the revised higher GP.
For the above discussion, the cases of promotion between 1.1.2016 and 30.6.2016 are considered. For those officials who got their promotion after 1.7.2016 and also after 25.7.2016, the same rules hold good. The only thing is those officials who have got their promotion after 25.7.2016 cannot switch over to revised pay from their date of promotion but from their DNI after the promotion date. (Subsequent increment). Also those officials should opt for fixation for promotion on their DNI and not from the date of promotion.

I hope this matter will be taken up by our service unions at appropriate level in order to clear the position early.

I hope this will be done.
Article by: R.Hariharakrishnan Manager, PSD, Tirunelveli 627002