Thursday, May 09, 2019

What Is AML/CFT Under POSB KYC Norms?

What is AML/CFT under POSB KYC Norms?

Introduction

1.1 Know Your Customer (KYC) Norms/Anti Money Laundering (AML) Measures/Combating Financing of Terrorism (CFT)/Obligations under PMLA, 2002 (amended from time to time) The objective of KYC/AML/CFT guidelines is to prevent money laundering or terrorist financing activities by use of Post Office Savings Bank intentionally or unintentionally by criminal elements. KYC procedures also enable to post office Savings Banks to know/understand their customers better which in turn help them manage their risks prudently.

1.2 Definition of Customer

for the purpose of KYC policy, a customer is defined as-

• An individual that maintains an account and/or has a cash certificate or has a business relationship with the Post Office Savings Bank.


• An individual on whose behalf the account is maintained (i.e beneficial owner).
2. Guidelines

2.1 General

All Post Office Savings Banks should keep in mind that information collected from the customer for the purpose of opening of account or purchase of savings certificates is to be treated as confidential and details thereof are not to be divulged for cross selling or any other purposes.

2.2 KYC Policy

Under PMLA provisions, Post Office Savings Bank declares its KYC Policy on the following four elements:-
(a) Customer Acceptance Policy.
(b) Risk Management
(c) Customer Identification Procedure.
(d) Monitoring of Transactions; Recordkeeping and Reporting.

2.3 Customer Acceptance Policy (CAP)

(i) No account is opened in an anonymous or fictitious name/benami.
(ii) Not to open an account or close an existing account where the Post Office Savings Bank is unable to apply appropriate Customer Due Diligence measures i.e unable to verify the identity and/or obtain documents required as prescribed due to non- cooperation of the customer or non-reliability of data/information furnished by the customer. However, the customer should not be harassed and any decision to close the account should be taken by the head of the Postal Division by giving suitable notice to the customer.

KYC norms in POSB/SC under AML/CFT Full version can be download by following the link below.

Tamilnadu Circle: GDS to Postman Exam Question Paper Exam held on 26-02-2017

Tamilnadu Circle : GDS to Postman Exam Question Paper Exam held on 26-02-2017

Rounded Answer is the Correct Answer which was published by DOP































Tamilnadu Circle GDS to Postman Exam Question Paper Exam held on 08-07-2018

Tamilnadu Circle GDS to Postman Exam Question Paper Exam held on 08-07-2018











IPPB Issues in detail - DO letter dated 09.05.2019

As you are already aware, the business growth of India Post Payments Bank (IPPB) in the month of April ,2019 is not satisfactory. PBI Division along with IPPB had discussed this issue in detail and identified the following reasons for the unsatisfactory business growth in 2019-2020.
  1. Counter PAs are not deployed on IPPB dedicated counters.
  2. Services of IPPB are not offered on common counters as end users refused to open IPPB accounts and/ or provide IPPB services to customers.
  3. Provision of IPPB services through Saving bank counters, which are busier than MPCM counters and having shorter business hours.
  4. interaction Committee meetings are not held regularly.
  5. Division Heads, Sub- Division ASPs /lPs and in - charge of Post Offices are not reviewing the IPPB's business performance on a daily basis.
  6. End users are not aware of all IPPB applications and services like making digital (cashless) payments of POSB products (RD/PPF/SStuLARD) / DoP mail services through IPPB, thus not able to explain the benefits of having IPPB account to existing and new DoP customers
  7. Non promotion of benefits of account linking with IPPB to existing and new POSA customers
  8. Reluctance of HO/SO staff in updating the customer's mobile no. in POSA account, which is pre-requisite for IPPB -POSA linking thus affecting account linking 
  9. Customers visiting the Post offices are not informed about IPPB services
  10. ln-charge of Post office (PlV/SPlVl/BPlVl) not login to the IPPB reports in system and not tallying the physical cash with system cash
  11. Postal staff are not availing IPPB services like Salary account, POSA linking, online fund transfer, bill payments and recharges etc., due to which they are able to appreciate IPPB services
  12. End users are not logging into IPPB App, not charging the devices 
  13. DBT customers (like MGNREGS wages, OId age pension, scholarships, LPG subsidy etc.) should be encouraged to open IPPB accounts to get the benefits of IPPB account
  14. Bill payments and recharges through IPPB are not promoted among existing and new customers
  15. IPPB camps are not being organized regularly.
  16. Door step services and ad-hoc request of customers during the beat by the deliver staff is not popularized

2. The Circle Heads are kindly requested to take action on the above issues raised in the letter and send a report to this Office for submitting the same to Secretary (Posts).

Income Tax (3rd Amendment) Rules, 2019[Income Tax Form No. 16] – Notification

Income Tax (3rd Amendment) Rules, 2019[Income Tax Form No. 16] – Notification


MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION

New Delhi, the 12th April, 2019

G.S.R. 304(E).-In exercise of powers conferred by sections 200 and 203 read with section 295 of the Income tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-


1. Short title and commencement
(1) These rules may be called the Income-tax (3rd Amendment) Rules, 2019.
(2) They shall come into force on 12th day of May, 2019.

2. In the Income-tax Rules, 1962, in Appendix II–


(A) in Form No. 16,–
(i) the “Notes” occurring after “Part A” shall be omitted;
(ii) for “Part B (Annexure), the following shall be substituted, namely:–

“Part B (Annexure)
Details of Salary Paid and any other income and tax deducted
1 Gross Salary
(a) Salary as per provisions contained in section 17(1) Rs. …
(b) Value of perquisites under section 17(2) (as per Form No. 12BA, wherever applicable) Rs. …
(c) Profits in lieu of salary under section 17(3) (as per Form No. 12BA, wherever applicable) Rs. …
(d) Total Rs. …
(e) Reported total amount of salary received from other employer(s) Rs. …
2 Less: Allowances to the extent exempt under section 10
(a) Travel concession or assistance under section 10(5) Rs. …
(b) Death-cum-retirement gratuity under section 10(10) Rs. …
(c) Commuted value of pension under section 10(10A) Rs. …
(d) Cash equivalent of leave salary encashment under section 10(10AA) Rs. …
(e) House rent allowance under section 10(13A) Rs. …
(f) Amount of any other exemption under section 10
clause … Rs. …
clause … Rs. …
clause … Rs. …
clause … Rs. …
clause … Rs. …
Rs. …
(g) Total amount of any other exemption under section 10 Rs. …
(h) Total amount of exemption claimed under section 10 [2(a)+2(b)+2(c)+2(d)+2(e)+2(g)] Rs. …
3 Total amount of salary received from current employer [1(d)-2(h)] Rs. …
4 Less: Deductions under section 16
(a) Standard deduction under section 16(ia) Rs. …
(b) Entertainment allowance under section 16(ii) Rs. …
(c) Tax on employment under section 16(iii) Rs. …
5 Total amount of deductions under section 16 [4(a)+4(b)+4(c)] Rs. …
6 Income chargeable under the head “Salaries” [(3+1(e)-5] Rs. …
7 Add: Any other income reported by the employee under as per section 192 (2B)
(a) Income (or admissible loss) from house property reported by employee offered for TDS Rs. …
(b) Income under the head Other Sources offered for TDS Rs. …
8 Total amount of other income reported by the employee [7(a)+7(b)] Rs. …
9 Gross total income (6+8) Rs. …
10 Deductions under Chapter VI-A
Gross Amount Deductible Amount
(a) Deduction in respect of life insurance premia, contributions to provident fund etc. under section 80C Rs. … Rs. …
(b) Deduction in respect of contribution to certain pension funds under section 80CCC Rs. … Rs. …
(c) Deduction in respect of contribution by taxpayer to pension scheme under section 80CCD (1) Rs. … Rs. …
(d) Total deduction under section 80C, 80CCC and 80CCD(1) Rs. … Rs. …
(e) Deductions in respect of amount paid/deposited to notified pension scheme under section 80CCD (1B) Rs. … Rs. …
(f) Deduction in respect of contribution by Employer to pension scheme under section 80CCD (2) Rs. … Rs. …
(g) Deduction in respect of health insurance premia under section 80D Rs. … Rs. …
(h) Deduction in respect of interest on loan taken for higher education under section 80E Rs. … Rs. …
Gross Amount Qualifying Amount Deductible Amount
(i) Total Deduction in respect of donations to certain funds, charitable institutions, etc. under section 80G Rs. … Rs. … Rs. …
(j) Deduction in respect of interest on deposits in savings account under section 80TTA Rs. … Rs. … Rs. …
(k) Amount deductible under any other provision(s) of Chapter VI‐A
section … Rs. … Rs. … Rs. …
section … Rs. … Rs. … Rs. …
section … Rs. … Rs. … Rs. …
section … Rs. … Rs. … Rs. …
section … Rs. … Rs. … Rs. …
section … Rs. … Rs. … Rs. …
Rs. … Rs. … Rs. …
(l) Total of amount deductible under any other provision(s) of Chapter VI‐A Rs. … Rs. … Rs. …
11 Aggregate of deductible amount under Chapter VI-A [10(a)+10(b)+10(c)+10(d)+10(e)+10(f)+10(g)+10(h)+10(i) 10(j)+10(l)] Rs. …
12 Total taxable income (9-11) Rs. …
13 Tax on total income Rs. …
14 Rebate under section 87A, if applicable Rs. …
15 Surcharge, wherever applicable Rs. …
16 Health and education cess Rs. …
17 Tax payable (13+15+16-14) Rs. …
18 Less: Relief under section 89 (attach details) Rs. …
19 Net tax payable (17-18) Rs. …
Verification
I,  ……………………………..,  son/daughter  of  ……………………………………….working  in  the  capacity  of .……………………………… (designation) do hereby certify that the information given above is true, complete and correct and is based on the books of account, documents, TDS statements, and other available records.
Place………………………………… (Signature  of person  responsible  for deduction of tax)
Date……………………………….… Full Name : ……………………………
Notes:
1. Government deductors to fill information in item I of Part A if tax is paid without production of an income-tax challan and in item II of Part A if tax is paid accompanied by an income-tax challan.

2. Non-Government deductors to fill information in item II of Part A.

3. The deductor shall furnish the address of the Commissioner of Income-tax (TDS) having jurisdiction as regards TDS statements of the assessee.

4. If an assessee is employed under one employer only during the year, certificate in Form No. 16 issued for the quarter ending on 31st March of the financial year shall contain the details of tax deducted and deposited for all the quarters of the financial year.

5. 
(i) If an assessee is employed under more than one employer during the year, each of the employers shall issue Part A of the certificate in Form No. 16 pertaining to the period for which such assessee was employed with each of the employers.

(ii) Part B (Annexure) of the certificate in Form No.16 may be issued by each of the employers or the last employer at the option of the assessee.

6. In Part A, in items I and II, in the column for tax deposited in respect of deductee, furnish total amount of tax, surcharge and health and education cess.

7. Deductor shall duly fill details, where available, in item numbers 2(f) and 10(k) before furnishing of Part B (Annexure) to the employee.”;

(B) in Form No. 24Q, for “Annexure II”, the following “Annexure” shall be substituted, namely:–
Annexure II
Details of salary paid or credited during the financial year ……………….and net tax payable
Serial number. Permanent Account Number of the employee. Name of the employee. Deductee type (Senior Citizen, Super Senior Citizen, Others). Date from and date up to employed with current employer in the current financial year (dd/mm/yyyy). Gross Salary as per provisions contained in section 17(1). Value of perquisites under section 17(2) Profits in lieu of salary under section 17(3) (as per Form No.12BA, Total amount of gross salary received from current employer (see Note 1 for definition of Salary).
(as per FormNo.12BA, wherever applicable). wherever applicable).
-330
-331
-332
-333
-334
-335
-336
-337
-338
Reported total amount of salary received from other employer(s) (see Note 1 for definition of Salary). Travel conces- sion or assistance under section 10(5). Death- cum- retireme nt gratuity under section 10(10). Commuted value of pension under section 10(10A). Cash equiva- lent of leave salary encash- ment under section 10 (10AA). House rent allowance under section 10(13A). PAN of landlord, if exemption is claimed under section 10(13A) (see Note 3). Amount of any other exemption under section 10. Total amount of exemption claimed under section 10 (340+341+3 42+343+34 4+346). Total deducti on under section 16(ia).
-339
-340
-341
-342
-343
-344
-345
-346
-347
-348

GDS to Postal assistant examination postponed in Karnataka Circle

Schedule examination for filling up of unfilled vacancies of PAs/SAs held for GDS for the year 2015-16, 2016-17, 2017-18 & 2018(01-04-2018 to 31-12-2018) is abeyance until further order in Karnataka Circle

Instructions regarding Rotational Transfer - Post Tenure 3 years and Station Tenure 6 years

Instructions regarding Rotational Transfer Directorate No.X-12/1/2019-SPN-II

Subject: Instructions regarding Rotational transfer. 

Sir/Madam. 
1. I am directed to refer to transfer policy guidelines for regulating transfer of Group C, Group B(non-gazetted) and Assistant Superintendent of posts issued vide Directorate's communication no. 141-141/2013-SPN-II dated 17.012019. As per para 5 (i) if Ibid communication, Post tenure of an employee shall be 3 years and station tenure shall be 6 years. However, an employee may be transferred before completion of post /station tenure on administrative grounds for reasons to be recorded in writing by an authority who is superior to the authority competent to order such transfer. The Authority Competent to approve the rotational transfer in normal course will initiate the proposal With proper justification for approval of the Superior Authority. 

2. Various references have been received from service Unions/Associations requesting to exempt RMS officials from the provision of 6 years of Station tenure. matter has been examined and found that most of the posts in RMS held by Group C officials are non sensitive posts- Therefore, it has been decided to exempt. Group 'C' RMS officials from the provision of 6 years of station tenure. However, e provision of post tenure of 3 years will continue to be in force.

Postponement of LDCE IP Examination 2019 [Department Examination]

Click here to view IPO Examination 2019 Postponed Official Order copy

LDCE IP F. No. A-34012/03/2018-DE 
Government of India 
Ministry of Communications 
Department of Posts (DE Section) 
Dak Bhawan, Sansad Marg, 
New Delhi - 1 10 001 
Dated: 06th May, 2019 
To, 
All Heads of Circles 

Sub: Limited Departmental Competitive Examination (LDCE) for promotion to the cadre of Inspector Posts (66.66%) Departmental quota for the year 2016-17, 2017-18 & 2018 (01.04.2018 to 31.12.18) - Postponement regarding. 

Madam/ Sir, 
I am directed to refer to Directorate letter of even number dated 18.04.2019, where-under a schedule for conducting of Limited Departmental Competitive Examination (LDCE) for promotion to the cadre of Inspector Posts (66.66%) Departmental quota for the year 2016-17, 2017-18 & 2018 (01.04.2018 to 31.12.18) was fixed as 22nd & 23rd of June, 2019. 

2. The Competent Authority has now decided to postpone the above scheduled LDCE till further communication. 3. This may please be brought to the notice of all concerned. 

Yours faithfully, 
(M. L. Dhar Assistant Director General (DE)

Handling of Strike Situation - Contingency Plan

Handling of Strike Situation - Contingency Plan. 





































































Declaration of contents of Parcel by the Sender [Parcel Directorate - DOP]

Declaration of contents on Parcels by the sender : Click Here to view Details
F.No.13-04/2019-PD Declaration of contents of Parcel by the Sender