Clarification regarding default fee in RD and calculation of Post Maturity Interest

SB ORDER NO. 31/2011

F.No.113-01/2011-SB

Government of India

Ministry of Communications & IT

Department of Posts

Dak Bhawan, Sansad Marg,

New Delhi-110001, Dated: 20.01.2012

CORRIGENDUM-III

To

All Heads of Circles/Regions

Addl. Director General, APS, New Delhi.

Subject:- Clarification regarding default fee in RD and calculation of Post Maturity Interest.

Sir / Madam,

The undersigned is directed to refer to this office letter of even number dated 13.12.2011 (SB Order No.31/2011) and Corrigendum-I issued on 20.12.2011 and Corrigendum-II issued on 02.01.2012 on the subject. This office is still receiving phone calls regarding charging of default fee in RD from 1.1.2012 under modified rules and calculation of PMI. Following further clarifications are issued on the subject:-

In case of RD

Since the rule of default fee and the software have not been amended, no default fee is to be charged if the above rule is not followed till the rule and software is amended. Default fee provision will remain the same. This rules has been got modified to avoid rush of RD work in the last week of a month. Amendment in the rule for charging default fee shall be taken up with Min. of Finance once the work of putting stamps on all the RD Passbooks is completed and depositors become familiar about the change.

In case of PMI

It is further clarified that PMI is to be calculated for the complete month from the date of maturity and remaining part of the month is to be ignored. Revised example is given below:-

if an account was matured on 26.8.2009 and the depositor attends the post office on 30.01.2012, he/she will be paid PMI at the rate 3.5% from 26.08.2009 to 25.12.2011 (28 complete months) and at the rate 4% from 26.12.2011 to 25.01.2012 (one complete month). Period from 26.1.2012 to 30.1.2012 (being part of month) will be ignored.

Yours faithfully,

(Kawal Jit Singh)

Assistant Director (SB)

Transfers in PS Group B cadre

Sri N.Lakshminaraya on relinquishing charge of SSPOs Vijayawada Dn is posted as Assistant Director(Staff), RO, Vijayawada.




Recommendations of 6th Central Pay Commission - Applicability of revised Group 'D’ pay scales to Casual Labourers with Temporary Status 

CLICK HERE FOR DETAILS

Revision of maximum sum assured in PLI & RPLI

PLI Directorate vide notification no 25-3/2003-LI dated 17.01.2012 has revised the maximum sum assured from Rs 10 lacks to 20 Lacks in respect of PLI and from Rs 3 Lacks to 5 Lacks in respect of RPLI with effect from the date of issue of notification.

Click here to view the Directorate notification in original.

పోస్ట్ ఆఫీసు రికరింగ్ డిపాసిట్ పథకములో మార్పులు - ముఖ్యాంశములు

Adhoc promotions to JTS Group A

Sri S.V.Siva prasad Asst Director(Staff) o/o PMG Vijayawada is promoted JTS of IPoS Group A on adhoc basis for a period of 180 days and allotted to Vijayawada region against the vacancy of SSPOs Vijayawada Dn vide CO memo no ST/2-74/Adhoc group A/2011-12 dated 24-01-2012.

MEETING WITH MINISTER

Meeting with Sri. Sachin Pilot, Hon’ble Minister of State of Communications, was held today (21.01.2012) at 11.00 AM. Meeting lasted for 30 minutes. The staff side presented a memorandum to the Minister, containing the issues which needs Minister’s intervention. (See the copy published in the website). Minister agreed to examine each case on its merits and take early decision. The following issues were discussed with the Minister, in detail.

(i)        Issues relating to Gramin Dak Sevaks

(ii)      Issues relating to casual, Part-time, Contingent employees

(iii)    Revision of overtime allowance

Regarding GDS issues like status, promotion etc. Minister assured to examine the cases in detail and taken a decision at the earliest. Regarding reduction of existing allowances of GDS, the Minister gave on the spot instructions to the Secretary, Department of Posts, to issue orders protecting the existing TRCA in full. Further regarding cash handling point Minister directed Secretary that it should be finalized before 31^st January 2012. He assured that the other issues like Bonus ceiling, providing norms for left out items etc. will also be given sympathetic consideration. Regarding casual labourers issues Minister gave direction to the Postal Board to expedite the orders. Minister further assured that he will definitely call for the files relating to the other items mentioned in the memorandum and an indepth examination of the issues will be made and decision taken early.

The staff side thanked the Minister for giving us an opportunity to present our cases in front of him. The staff side was represented by Com. M. Krishnan (S/G, NFPE), Sri. D. Theagarajan (S/G, FNPO), Com. K. V. Sridharan, (G/S, P3, NFPE), Com. L. D. Kaushik (P3, FNPO), Com. Ishwar Singh Dabas (G/S P4, NFPE) Com. Ashok Sharma (P4, FNPO), Com. Giriraj Singh (G/S, R3, NFPE), Com. Devendra Kumar, Com. Pawan Kumar (R3, FNPO), Com. P. Suresh (G/S, R4 NFPE), Com. Satish Chander (R4, FNPO), Com. Pranab Bhattacharjee (G/S, Admn. NFPE), Com. S. B. Yadav (AIPAEA), Com. O. P. Khanna (G/S AIPAOA), Com. S. S. Mahadevaiah (G/S AIPEDEU), Com. Gautam Das (Org. Secy., NUGDS), Com. R. N. Parashar (ASG, NFPE).

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MEETING WITH MoC BY JCA LEADERSHIP TODAY

కేంద్ర సంఘాల సమాచారము --
21-01-2012 తేది ఉదయం 11.00 గం.లకు కేంద్ర కమ్యుని కేషన్ల మంత్రి శ్రీ సచిన్ పైలట్ గారితో సుమారు ౩౦ని. సమావేశం జరిగినది. కేంద్ర జే.సి.ఎ నాయకులు అన్ని సంఘాలనుండి హాజరైనారు. తపాల వుద్యోగుల డిమాండ్లను వివరించడం జరిగినది.
జి.డి.ఎస్ లకు సంబంధించి --
(ఎ) స్టేటస్ , ప్రమోషన్ -- వివరముగా తెలుసుకొనిన వెంటనే త్వరలో నిర్ణయం తీసుకొనబడును.
(బి) జీతాల తగ్గుదల, ప్రొటెక్షన్ -- పూర్తి ప్రొటెక్షన్ కలుగజేస్తు వెంటనే ఉత్తర్వులు జారి చేయవలసినదిగా డి.జి. గారిని ఆదేశించడ మైనది
(సి)బి.పి.ఎం కాష్ హన్డ్లింగ్ పాయింట్స్-- 31 జనవరి 2012 లోగా ఫైనలైజ్ చేయబడును.
(డి) బోనస్ సీలింగ్, యితర అంశములు సానుకూలముగా పరిశీలించబడును.