The Department of Posts has approved the following Simple Reversionary Bonus rates for policies active during the fiscal year 2026-27:
1. Postal Life Insurance (PLI)
Plan Type
Policy Name
Bonus Rate (per โน1,000 Sum Assured)
Whole Life Assurance
Suraksha
โน76
Endowment Assurance
Santosh
โน52
Convertible Whole Life
Suvidha
โน76 (unless converted)
Anticipated Endowment
Sumangal
โน48
Joint Life Assurance
Yugal Suraksha
โน52
Children Policy
Bal Jeevan Bima
โน52
2. Rural Postal Life Insurance (RPLI)
Plan Type
Policy Name
Bonus Rate (per โน1,000 Sum Assured)
Whole Life Assurance
Gram Suraksha
โน60
Endowment Assurance
Gram Santosh
โน48
Anticipated Endowment
Gram Sumangal
โน45
Children Policy
Bal Jeevan Bima
โน48
Key Highlights
Terminal Bonus: For PLI Whole Life and Endowment Assurance policies with a term of 20 years or more, a terminal bonus of โน20 per โน10,000 sum assured is applicable (capped at a maximum of โน1,000).
Effective Date: These rates are applicable for the valuation period of 2026-27 and will be credited to the respective policies.
Tax Benefits: Under Section 10(10D) of the Income Tax Act, the maturity amount (including these bonuses) is generally tax-free.
Note: For Convertible Whole Life Assurance (Suvidha), the Whole Life bonus rate (โน76) applies only if the policy is not converted. Once converted to an Endowment policy, the Endowment bonus rate (โน52) will apply from the date of conversion.
Meeting Notice: Drafting Committee for the 8th Central Pay Commission (CPC) Memorandum
Ph.: 23382286 National Council (Staff Side) Joint Consultative Machinery for Central Government Employees 13-C, Ferozshah Road, New Delhi โ 110001 E-Mail : nc.jcm.np[at]gmail.com
No.NC-JCM-2026/8th CPC
January 20, 2026
To All the Drafting Committee Members to prepare 8th CPC memorandum on behalf of Staff Side of NC JCM
Dear Comrades,
At present the Government have allotted office accommodation for the cccccc at Chandralok Building, Janpath, New Delhi โ 110001. Once the 8th CPC office start functioning then we may be asked to submit memorandum on the common service matters of Central Government employees. Therefore it has been decided to convene a meeting of the drafting committee at 13-C, Ferozshah road, New Delhi on the 25th of February 2026 at 10.30 am to discuss and decide about the process and modalities of Drafting the memorandum. The drafting committee members will be required to stay for a week at Delhi from 25th February 2026 onward for discussing and finalizing our proposals on each topic / issue. Therefore the drafting committee members are requested to plan their programme accordingly.
Central Government approves the Wage Revision as well as Pension Revision for the employees and pensioners of PSGICs, NABARD and RBI
Decision reflects Governmentโs continued commitment and emphasis on social security and financial well-being of employees and pensioners
Approx. 46322 employees, 23570 pensioners and 23260 family pensioners to be benefited
In a series of measures taken for boosting the morale of the serving employees as well as to ensure the social security of pensioners in the financial sector, the Central Government has approved the wage revision for Public Sector General Insurance companies (PSGICs) and National Bank for Agriculture and Rural Development (NABARD). Additionally, it has approved pension revision for retirees of Reserve Bank of India (RBI) and NABARD.
The decision reflects the Governmentโs continued commitment and emphasis on social security and the financial well-being of pensioners, in recognition of their long and dedicated professional service.
Highlights of the same are as under:
PSGICs:
Wage revision: The wage revision for the employees of PSGICs will be effective from 01.08.2022. The overall hike in wage bill shall be 12.41% with an increase of 14% on existing Basic pay and Dearness allowance. A total of 43,247 PSGIC employees will benefit from this revision. The revision also incorporates an enhancement in NPS contribution from 10% to 14% for a better future of employees who had joined after 01.04.2010.
Family Pension Revision: Family pension has been revised at the uniform rate of 30% from the date of publication in the official gazette, which will benefit 14,615 family pensioners out of a total of 15,582 existing family pensioners as a gesture of appreciation for their valuable contribution to the organisation.
Financial Implication: The total outgo will be to the tune of Rs 8170.30 crore i.e. Rs 5822.68 crore towards the arrears of wage revision, Rs 250.15 crore for NPS and Rs 2097.47 for family pension.
The PSGICs include National Insurance Company Ltd. (NICL), New India Assurance Company Ltd. (NIACL), Oriental Insurance Company Ltd. (OICL), United India Insurance Company Ltd. (UIICL), General Insurance Corporation of India (GIC), and Agricultural Insurance Company Ltd. (AICIL).
NABARD
Pay revision: Effective from 1st November, 2022, the hike in pay and allowances is about 20 percent for all Group โAโ, โBโ and โCโ employees in NABARD. It would benefit around 3800 serving and former employees.
Pension Revision: Basic pension/family pension to retirees of NABARD, who were originally recruited by NABARD and retired before 1st November, 2017, have now been brought on par with that of ex-RBI NABARD retirees.
Financial Implication: The pay revision entails an additional annual wage bill of around Rs.170 crore and total payment of arrears amounting to around Rs. 510 crore. Whereas, pension revision, would result in a one-time arrear payment of Rs. 50.82 crore as well as an additional Rs. 3.55 crore outgo in pension payments every month to 269 pensioners and 457 family pensioners in NABARD.
RBI
Pension revision: The Government has approved the revision of pension and family pension to the retirees of the Reserve Bank of India (RBI). The decision has been taken in line with the Governmentโs commitment to ensuring fair, adequate and sustainable retirement benefits for senior citizens and dependents.
Under the approved revision, pension and family pension shall be enhanced by 10 per cent on basic pension plus dearness relief, with effect from 1st November, 2022. This would result in an effective enhancement of basic pension by a factor of 1.43 for all retirees, leading to a substantial improvement in their monthly pension. The revision will benefit a total of 30,769 beneficiaries, comprising 22,580 pensioners and 8,189 family pensioners.
Financial Implication: The total financial implication is estimated at โน2,696.82 crore, which includes a one-time expenditure of โน2,485.02 crore towards arrears and a recurring annual expenditure of โน211.80 crore.
Conclusion:
From the above measures, a total of approx. 46,322 employees, 23,570 pensioners and 23,260 family pensioners will benefit. This measure will provide meaningful relief to the employees of PSGICs and NABARD, and to pensioners/family pensioners of RBI and NABARD, by enabling them to better absorb the cost of living while maintaining a dignified standard of living and social status post-retirement.
The Government remains committed to strengthening institutions that play a pivotal role in the country’s inclusive and sustainable economic growth.
Kendriya Vidyalayas Vacation and Breaks Schedule for the session 2026-27
เคเฅเคจเฅเคฆเฅเคฐเฅเคฏ เคตเคฟเคฆเฅเคฏเคพเคฒเคฏ เคธเคเคเค เคจ (เคฎเฅเคเฅเคฏเคพเคฒเคฏ) KENDRIYA VIDYALAYA SANGATHAN (HQ) An Autonomous Body under Ministry of Education, Govt. of India 18, Institutional Area, S.J.S Marg, New Delhi-110016. Tel.: 011-26856498
Approval of the Competent Authority for the schedule of Summer, Autumn and Winter Vacation and Breaks for Academic Session 2026-27 is notified as tabulated below:
A. Principals of K.V. Kathmandu/ Moscow and/ Tehran will issue Vacation and Break schedule at local level under rule after consultation with Indian Embassy in respective Country under Intimation to KVS (HQ), New Delhi.
B. Both the dates (days) of Vacation & Breaks are inclusive.
C. If the day before closing or day of opening of Vidyalaya is a holiday or a holiday declared by government the same will be clubbed with Vacation & Break as a prefix/suffix accordingly.
Early Closure of Offices in connection with Republic Day Parade, At Home Function & Beating the Retreat Ceremony during January, 2026
No.16/3/2023-JCA Government of India Ministry of Personnel, Public Grievances and Pensions (Department of Personnel and Training) Pers. Policy (JCA) Section
Lok Nayak Bhayan, New Delhi Dated 12th January, 2026
OFFICE MEMORANDUM
Subject: Early Closure of Offices in connection with Republic Day Parade, At Home Function & Beating the Retreat Ceremony during January, 2026- regarding.
In connection with arrangements for the Republic Day Parade, At Home Function & Beating the Retreat Ceremony, 2026, the following has been decided:
i. For Full Dress Rehearsal on 23.01.2026, the Government offices located in the buildings indicated atAnnexure-A, shall be closed by 1400 hours on 22.01.2026 and remain closed till 1400 hours on 23.01.2026.
ii. For Republic Day Celebration on 26.01.2026, the Government offices located in the buildings indicated in Annexure-A, shall be closed at 14 00 hours on 25.01.2026 and remain closed till 1400 hours on 26.01.2026.
iii. For ‘At Home Function’ on 26.01.2026, the Government offices located in the buildings indicated at Annexure-B, shall be closed at 1400 hours on 25.01.2026 and remain closed till 2000 hours on 26.01.2026.
iv. For ‘Special Show’ at Vijay Chowk on 28.1.2026, the Government offices located in the buildings indicated at Annexure-C, shall be closed at 15 00 hours on 28.01.2026 and remain closed till 2000 hours on 28.01.2026.
v. For ‘Beating the Retreat Ceremony’ on 29.01.2026, the Government offices located in the buildings indicated at Annexure-D, shall be closed at 1200 hours on 29.01.2026 and remain closed till 2000 hours on 29.01.2026.
2. The above arrangements may please be brought to th- notice of all concerned.
3. Hindi version will follow.
Encl.: As above
(Amit Pankaj) Deputy Secretary to the Governmnet of India
Department of Financial Services launches Composite Salary Account Package for Central Government Employees in association with Public Sector Banks
Unified salary account framework provides a one-stop financial solution with integrated banking and insurance benefits for Central Government employees
The Department of Financial Services (DFS), Ministry of Finance, has taken a significant step towards enhancing the financial well-being and social security of Central Government employees by advising Public Sector Banks to introduce a composite โSalary Account Package for Central Government Employeesโ.
The Salary Account Package has been formally launched today, by Sh. M. Nagaraju, Secretary, Department of Financial Services, Ministry of Finance. The launch event was attended by Chairman SBI, MD & CEOs of all Nationalized Banks, CEO, NPCI through VC and all senior officers of DFS. This initiative is aligned with the Governmentโs vision of Viksit Bharat 2047 and the national commitment towards Insurance for All by 2047. It seeks to provide Central Government employees with a comprehensive suite of banking and insurance benefits under a single, seamless account structure. The packages have been carefully designed in consultations with banks to ensure maximum coverage, uniformity and convenience for employees across all cadres [Group A, B and C].
The product has three core segments โ Banking, Insurance and Cards โ making it a one-stop financial solution for employees. The key features of the Composite Salary Account Package are:
Banking Facilities
Zero-balance salary account with enhanced facilitates
Free remittances i.e. RTGS/ NEFT/ UPI along with cheque facilities
Concessional interest rate on loan for housing, education, vehicle and personal requirements.
Concession in loan processing charges
Waivers on locker rental
Family banking benefits
Enhanced Insurance Coverage
Personal Accident Insurance up to Rs. 1.50 crore
Air Accident Insurance up to Rs. 2 crores
Permanent Total & Partial Disability Cover up to Rs. 1.50 crore
Term Life Insurance โ In-built term life insurance protection of up to Rs. 20 lakh, with additional top-up facility to enhance the insurance coverage at an affordable premium.
Health Insurance โ Comprehensive health insurance cover for self and family with a base plan and additional top-up facility to enhance the insurance coverage at an affordable premium.
Digital & Card Features
Enhanced benefits on debit and credit cards
Airport lounge access, reward programs and cashback offer
Unlimited transactions & Nil maintenance charges
Complete details of the Composite Salary Account Package are available on the DFS website https://financialservices.gov.in
This initiative ensures that Central Government employees, who form the backbone of public administration, gain access to modern banking services and comprehensive financial protection through a single window solution. By integrating insurance, medical cover and enhanced banking facilities into one composite Salary Account Package, the scheme provides employees with ease of access, financial security and peace of mind.
This reform reflects the Governmentโs continued commitment to employeeโs welfare and financial security, while also strengthening the employeeโbank relationship.
DFS has advised Public Sector Banks to widely publicize these products through their official websites, organize special awareness camps in Government Departments, proactively reach out to Central Government employees with detailed product information and facilitate the migration of existing salary accounts to this new package with employeesโ consent.
All Central Government employees are encouraged to avail the benefits of this comprehensive scheme through their salary accounts with the Public Sector Banks.
Small Savings Schemes interest rate from Jan 2026 to March 2026
SB Order No. 17/2025
F. No 113-03/2024 Government of India Ministry of Communications Department of Posts (Financial Services Division)
Dak Bhawan, New Delhi โ 110001 Dated: 31.12.2025
To
All Head of Circles/Regions
Subject: Revision of interest rates for Small Savings Schemes w.e.f. 01.01.2026
Madam / Sir,
The undersigned is directed to intimate that. vide memorandum No. 1/4/2019-NS dated 31.12.2025 (copy enclosed), Government of India, Ministry of Finance, Department of Economic Affairs (Budget Division) has informed that the rates of interest on various Small Savings Schemes (National Savings Schemes) for the fourth quarter of financial year 2025-26 (starting from 1st January, 2026 and ending on 31st March, 2026) shall remain unchanged from those notified for the third quarter (1st October, 2025 to 31st December, 2025) of FY 2025-26.
2. It is requested to circulate it to all concerned for information and necessary guidance. This may also be placed on the notice board of all Post Offices in public area.
3. This issues with the approval of the Competent Authority.
(Devender Kumar Sharma) Assistant Director (SB-II)
Copy to: โ
Sr. PPS to Secretary (Posts)
Sr. PPS/PPS to Director General Postal Services
PPS/ PS to Member (Financial Services)/Member (O)/Member (P)/ Member (HRD)/ Member (Tech)/ Member (Service Quality and Marketing), Member (Infrastructure), AS & FA
Addl. Director General, APS, New Delhi
Chief General Manager, BD Directorate / Parcel Directorate / PLI Directorate.
CGM. CEPT for kind information and necessary action
Sr. Deputy Director General (Vig) & CVO) /Sr. Deputy Director General (PAF)
Director, RAKNPA / Directors of all PTโCs
Director General P & T (Audit), Civil Lines, New Delhi
Secretary, Postal Services Board / All Deputy Directors General
All General Managers (Finance) / Directors Postal Accounts / DDAP
The Joint Director & HOD. National Savings Institute, ICCW Building, 4 Deendayal Upadhyay Marg, New Delhi-110002
The Under Secretary, MOF (DEA), NS-II Section, North Block, New Delhi.
All recognized Federations / Unions / Associations
Accumulation of paid leave without encashment facilities for Gramin Dak Sevaks
เคธเค/No. 17-12/2025-GDS เคญเคพเคฐเคค เคธเคฐเคเคพเคฐ/Government of India เคธเคเคเคพเคฐ เคฎเคเคเคคเฅเคฐเคพเคฒเคฏ /Ministry of Communications เคกเคพเค เคตเคฟเคญเคพเค/Department of Posts (เคเฅเคกเฅเคเคธ เค เคจเฅเคญเคพเค/GDS Section)
Subject : Accumulation of paid leave without encashment facilities for Gramin Dak Sevaks (GDS) โ reg.
A proposal for allowing accumulation of paid leave without encashment facilities was under consideration of the Department for quite some time. The Department had also sought suggestions/feed back of the Circles/stakeholders on the proposal.
2. After examination of the proposal and feed back of all the stakeholders, Rule-7, regarding paid Leave of the GDS, ofGDS (Conduct and Engagement) Rules, 2020, has been amended as under:
7. Leave
The Gramin Dak Sevaks may be granted paid leave at the rate of 20 days in a year (10 days for every half year). Paid leave for 10 days will be credited to his account at the beginning of half year, starting 1st January or 1st July;
A GDS will be allowed to carry forward unavailed paid leave to the maximum extent of 45 days at any given time;
Paid leave shall be credited to the leave account of GDS at the rate of 1.67 days for each completed calendar month of engagement which a GDS is likely to render in a half-year of the calendar year of engagement/discharge/cessation of engagement;
While affording credit of paid leave, fractions of a day shall be rounded off to the nearest day. A fraction of 0.5 or above will be taken as one day of leave, while fraction of less than 0.5 will be ignored and
Provided that โ
a. Where a Sevak fails to resume duty on the expiry of the maximum period leave admissible and granted to him/her, or
b. Where such a Sevak who is granted leave for a period less than the maximum period admissible to a Sevak under these rules, remains absent from duty for any period which together with the leave granted exceeds the limit upto which a GDS shall, unless the Government, in view of the exception circumstances of the case, otherwise decides, be removed from engagement after following the procedure laid down in Rule 10.
3. The above change in the said Rule-7 of GDS (Conduct and Engagement) Rules, 2020, will effective from 01.01.2026.
4. Based on the feed back sought of the stakeholders, an FAQs is also provided in Annexure-I to this OM for the guidance of all concerned.
“NPS Vatsalya” Scheme was launched by the Hon’ble Finance Minister in the Union Budget of FY 2024-25 as a plan for contribution by parents and guardians for minors, marking a significant advancement in financial planning and setting a new standard for prudent financial management from a young age. Aligned with the goal of โVikasit Bharat 2047โ, NPS Vatsalya aims not only to secure the future of its young subscribers but also to underscore the importance of nurturing a culture of savings from an early age.
2. In pursuance of the announcement, PFRDA issued NPS Vatsalya Scheme Details vide circular no. PFRDA/2024/16/PDES/01 dated 18th September, 2024
3. NPS Vatsalya Scheme is defined as a Specific Purpose Scheme as per Regulation 4A of PFRDA (Exit and Withdrawals under NPS) Regulations, 2015, which shall be governed by the guidelines issued by the Authority in respect of such scheme.
4. Therefore, PFRDA, in supersession of circular no. PFRDA/2024/16/PDES/01 dated 18th September, 2024, hereby issues โNPS Vatsalya Scheme Guidelines 2025โ. The Guidelines shall come into effect from the date notified by the Authority after building the necessary system capabilities.
5. This circular is being issued in exercise of the powers conferred under Section 14 of the Pension Fund Regulatory and Development Authority Act, 2013.
Yours sincerely, Kavita Singam Xavier General Manager
Objectives of NPS Vatsalya Scheme
NPS Vatsalya scheme is designed specifically for minors to nurture the culture of saving from an early age, introduce minors to financial literacy and financial planning, strengthen the concept of long-term financial security and prudent financial management.
NPS Vatsalya objective is to secure the future of its young subscribers by creating wealth from an early age so as to empower the young subscribers, to create a pensioned society, emanating from the vision of “Viksit Bharat@2047” while at the same time providing for partial withdrawals to meet contingency requirements till the attainment of age of 18 years.
OTP based authentication for paperless opening of National Pension System accounts: PFRDA
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
Circular
Circular No: PFRDA/2026/01/SUP-CRA/01
Date: 2nd Jan 2026
To
All Central Recordkeeping Agencies, Points of Presence and Other NPS Stakeholders
Subject: OTP based authentication for paperless on-boarding-reg
In order to facilitate paperless opening of National Pension System (NPS) accounts, the Authority had issued Circular No. PFRDA/2020/23/SUP-CRA/10 dated 15th June 2020, permitting submission of NPS account opening applications through e-Signature or One Time Password (OTP).
2. In partial modification of Circular No PFRDA/2020/23/SUP-CRA/10 dated 15th June 2020, it has been decided that
Applicants shall authenticate the submission of online NPS registration form through e-sign or through an OTP received on their mobile number. The consent and mandatory declarations applicable for opening of NPS account shall be specifically obtained from the applicant at the end of such online journey through the said e-Sign or mobile OTP authentication.
3. Central Recordkeeping Agencies (CRAs) and Points of Presence (POPs) are advised to align their systems and subscriber onboarding journeys in accordance with the above.
4. This Circular is issued in exercise of powers conferred under sub-section (1) of Section 14 read with clause (e) of sub-section (2) of Section 14 of the Pension Fund Regulatory and Development Authority Act, 2013.
