Home Blog Page 113

Relaxation to the account holders who has opened more than one account in his / her name โ€“ Amalgamation of PPF Accounts

By
igeadmin
-

Relaxation to the account holders who has opened more than one account in his / her name โ€“ Amalgamation of PPF Accounts

File No. FS-32/2/2021-FS-DOP
Government of India
Ministry of Communications
Department of Posts
(FS Division)

Dak Bhawan, New Delhi-110001
Dated: 02.03.2022

To
AII Head of Circles

Subject : Relaxation to the account holders who has opened more than one account in his / her name โ€“ Amalgamation of PPF Accounts โ€“ Reg

Madam / Sir,

Department of Economic Affairs (Budget Division), Ministry of Finance in its OM No. 2/2/2020-NS dated 23.02.2022, has advised not to send any proposal for consideration of merger i.e. amalgamation of PPF Accounts opened under the PPF Rules 2019.

2. In case any one of the PPF accounts or all the PPF accounts is/are proposed to be merged or amalgamated is / are opened on or after 12,12,2019, such account(s) shall be closed without any interest payment and no proposal should be sent to the Postal Directorate for amalgamation of such PPF Accounts.

3. A copy of the OM No. 2/2/2020-NS dated 23.02.2022 is attached herewith for ready reference.

4. This may be circulated to all the sub-ordinate offices.

5. This is issued with the approval of Competent Authority.

Encl: As above.

(T.C. VIJAYAN)
Assistant Director (SB-I)

F.No.2/2/2020-NS
Ministry of Finance
Department of Economic Affairs
(Budget Division)

North Block, New Delhi
Dated, the 23rd February,2022

To

1. Ministry of Communication & IT
{The DDG(FS), Departrnent of Posts}
Dak Bhawan, New Delhi-I10001.

2. Government Business Unit of the Indian Bank

Sub : Regarding relaxation to the account holder who has opened more that one account in his/her name โ€“ reg.
Sir,

In partial modification of this Department letter dated 14.02.2022, the undersigned is directed to refer to the case at serial number No.7 of Dr. Anupam Mishra regarding merger of the account No.7003137726 opened on23.03.2021 in Indian Bank, KGM College, Lucknow Branch.

Also Read:ย Dept of Posts Relaxation guidelines for PPF/SSA Accounts

2. The said account was opened under the PPF Rules, 2019 and therefore, is not eligible for regularization. Accordingly, the account may immediately be closed without any interest payment and the provisions of PPF Rules, 2019 may strictly be complied.

3. All the operating agencies are further advised not to send any proposal for consideration of merger of PPF accounts opened under the PPF rules, 2019 i.e. on or after 12.12.2019.

4. This issues with the approval of competent authority.

Yours faithfully,
(A.K.Malhotra)
Section Officer (NS)

Follow us on Telegram Channel, Twitter and Facebook for all the latest updates

Grant of Leave to Probationary officers: Railway Board

By
igeadmin
-

Grant of Leave to Probationary officers: Railway Board

GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
RAILWAY BOARD

No.98/E(Trg)/19/2-PT

New Delhi, Dtd. 14.02.2022

The Director Generals,
All Central Training Institutes.

Sub: Grant of Leave to Probationary officers.
Ref: Rly. Boardโ€™s letters of even No. dtd 27.04.2016, 08.12.2017 & 26.02.2021.

Detailed instructions have been issued vide Railway Boardโ€™s orders dated 27.04.2016, 08.12.2017 & 26.02.2021 reg. grant of one year EoL to CSE/ESE railway probationers at the time of their reporting to the respective CTIs for their probationary training as well as leave as admissible and to the extent possible during the probationary training for appearing in competitive examinations to pursue career prospects.

2. In partial modification of Boardโ€™s letter dtd 26.02.2021 under reference, it has now been decided that these instructions shall now also be applicable to railway probationary officers recruited after CSE/ESE-2019 batches.

(Jitendra Kumar)
Dy. Director, Estt(Training)
Railway Board
Tele : 011-23047251
e-mail : trainingbranch.rb@ gmail.com

Copy to:
1) The General Managers, All Indian Railways/PUs.
2) The Director General, RDSO, Lucknow.
3) EDE(GC), Railway Board for information and making necessary changes in offer of appointment in consultation with Training Dte.
4) E(GR)-I, E(GR)-II, E(O)-I, F(E)-I, F(E)-I] & F(E)-Spl branches of Railway Board.

Follow us on Telegram Channel, Twitter and Facebook for all the latest updates

AICPIN for Jan 2022: Expected DA from July 2022

By
igeadmin
-

AICPIN for Jan 2022: Expected DA from July 2022

Consumer Price Index for Industrial Workers (2016=100) โ€“ January, 2022

 The Labour Bureau, an attached office of the M/o Labour & Employment, has been compiling Consumer Price Index for Industrial Workers every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country. The index is compiled for 88 centres and All-India and is released on the last working day of succeeding month. The index for the month of January, 2022 is being released in this press release.

The All-India CPI-IW for January, 2022ย decreased by 0.3 points and stood at 125.1 (one hundred twenty five and point one). On 1-month percentage change, it decreased by 0.24 per cent with respect to previous month compared to decrease of 0.51 per cent recorded between corresponding months a year ago.

Also Check

DA Calculation Sheet

DA Calculator from Jan 2022

The maximum downward pressure in current index came from Food & Beverages group contributing 0.82 percentage points to the total change. At item level, Fish fresh, Mustard Oil, Apple, Carrot, French-been, Garlic, Brinjal, Cauliflower, Ladyโ€™s finger, Onion, Peas, Potato, Radish, Tomato, etc. are responsible for the fall in index. However, this decrease was checked by House rent, Rice, Wheat, Buffalo-Milk, Goat meat/Mutton, Orange, Beetroot, Chilli dry, Cooked Meals,ย  etc. putting upward pressure on the index.

At centre level, Puducherry recorded a maximum decrease of 7.3 points. Among others, 5 centres recorded decrease between 2 to 2.9 points, 13 centres between 1 to 1.9 points and 33 centres between 0.1 to 0.9 points. On the contrary, Ludhiana recorded a maximum increase of 2.3 points. Among others, 6 centres recorded increase between 1 to 1.9 points and 26 centres between 0.1 to 0.9 points. Rest of 3 centresโ€™ indices remained stationary.

Year-on-year inflation for the month stood at 5.84 per cent compared to 5.56 per cent for the previous month and 3.15 per cent during the corresponding month a year before. Similarly, Food inflation stood at 6.22 per cent against 5.93 per cent of the previous month and 2.38 per cent during the corresponding month a year ago.

Y-o-Y Inflation based on CPI-IW (Food and General)

AICPIN for Jan 2022

All-India Group-wise CPI-IW for December, 2021 and January, 2022

Sr. No.GroupsDecember, 2021January, 2022
IFood & Beverages126.8124.7
IIPan, Supari, Tobacco & Intoxicants140.8141.5
IIIClothing & Footwear122.0122.4
IVHousing116.8118.9
VFuel & Light157.7158.0
VIMiscellaneous122.5122.7
 General Index125.4125.1

CPI-IW: Groups Indices

AICPIN jan 2022

The next issue of CPI-IW for the month of February, 2022 will be released on Thursday, 31st March, 2022. The same will also be available on the office website www.labourbureaunew.gov.in.

Follow us on Telegram Channel, Twitter and Facebook for all the latest updates

Calculation of Income Tax on Interest of GPF: CGDA

By
igeadmin
-

Calculation of Income Tax on Interest of GPF

Defence Accounts Department (DAD) Headquarters
Ulan Batar Road, Palam, Delhi Cantt โ€” 110010

AT/Army/BR/FC/4462/E-1754

Dt 18/02/2022

To,
The CDA(Fund) Meerut
PCDA(O) Pune
All Regional PCsDA/CsDA
CDA(IT&SDC)
PCDA Navy
PCDA (AF)

Subject: Calculation of Income Tax on Interest of GPF – Regarding.

Please refer MoF Department of Revenue(CBDT)’s notification No.95/2021/File No. 370142/36/2021-TPL dated 31-08-2021(Copy enclosed) regarding deduction of Income Tax on interest of GPF subscription over Rs. 5 Lakhs during the financial year 2021-22.

2. The provisions of notification and action there of:

(i) Exercising the powers conferred by the first proviso to clause(11) of section 10 and first proviso to clause(12) of section 10 read with section 295 of the Income-Tax Act, 1961(43 of 1961), the CBDT has inserted a Rule 9D namely Income-tax(25th Amendment) Rule 2021 after Rule 9C of Income-tax Rule 1962 which stipulates Calculation of taxable interest relating to contribution in a provident fund or recognized provided fund, exceeding specified limit of Rs.5 Lakhs.,

(ii) The interest earned on contribution above Rs. 5 Lakhs during FY 2021-22 should be treated as income from other sources for the FY 2021-22(AY 2022-23) and income tax should be deducted from salary paid during the FY 2021-22 itself. Same should be reflected in Form-16 of Fy 2021-22(AY 2022-23) accordingly.

Also Read:ย GPF Interest Rates

(iii) Action on the part of DDO & Fund manager: Deduction of tax will be done by DDO in consultation with fund manager and where Fund manager and DDO are separate bodies the Fund manager will calculate the interest earned on contribution as per ibid rules and inform the DDO for adjustment of tax deduction from the salary of concerned individual

The CBDT notification mentioned above may be implemented wef 01 April 2022.

This issues with the approval of Addl. CGDA.

End: As above

AO (Pay & Allowances)

Follow us on Telegram Channel, Twitter and Facebook for all the latest updates

KVS Admission 2022-23: Revised Age Limit for Class 1

By
igeadmin
-

KVS Admission 2022-23: Revised Age Limit for Class 1

ELIGIBLE AGE FOR ADMISSION

A Child must be 6 years old as on 31st March in the academic year in which admission is sought for Class I. (Child born on 1st April should also be considered.)

A. The minimum and maximum age limit for admission in Kendriya Vidyalayas in various classes is given below: (Child born on 1st April should also be considered.)

CLASS MlNfMUM AGE ON 31srMARCH OF THE YEAR IN WHICH ADMISSION IS SOUGHT MAXIMUM AGE ON 31ST MARCH OF THE YEAR IN WHICH ADMlSSION IS SOUGHT
I 6 years* 8 years
II 6 years 8 years
III 7 years 9 years
IV 8 years 10 years
V 9 years 11 years
VI 10 years 12 years
VII 11 years 13 years
VIII 12 years 14 years
IX 13 years 15 years
X 14 years 16 years

*As per mandate of NEP 2020 entry age for Class I has been revised to 6+ years with effect from Academic Session 2022-23

Also Read:

Note:

The maximum age limit can be relaxed by two years in case of Differently abled children by the Principal.

B. There is no age restriction for admission to Class XI provided the student is seeking admission in the year of passing Class X examination. Similarly, there will be no upper & lower age limit for admission to class XII provided there has been no break in the continuous study of the student after passing class XI.

Click here for KVS Guidelines

Follow us on Telegram Channel, Twitter and Facebook for all the latest updates

KVS Admission Schedule 2022-23 released: Check here for complete details

By
igeadmin
-

KVS Admission Schedule 2022-23 released: Check here for complete details

The Admission Schedule for the Session 2022-23 will be as under:-

KVS released the Revised KVS Admission Schedule 2022-23 – Check here

S.No Contents Scheduled Dates
1 Advertisement for admission  Last week of February 2022 
2 Online Registration for Class-I 28.02.2022 (Monday)
10:00 AM onwards 
3 Last date of Online Registration for Class-I. 21.03.2022 (Monday) 7:00 PM
4 (a) Declaration of provisional select and waitlist of registered candidates.
(b) Admission of eligible candidates of selected list in following order:
(i) RTE
(ii) From Service Priority Category (I and II) only
(iii) Shortfall of Reservation Quota after admission in (i) and (ii)above		 1st list on 25.03.2022
(Friday)
2nd list on 01.04.2022
(Friday)
(if seats remain vacant)
3rd list on 08.04.2022
(Friday)
(if seats remain vacant)
5(i) Declaration of provisional select list of candidates as per priority service category for unreserved seats, if any (keeping the left over reserved seats blocked) 06.04.2022 (Wednesday)
to
08.04.2022 (Friday) (3 days) 
5(ii) Extended date for Second Notification for
offline registrations for admissions to be made
under RTE Provisions, SC/ST and OBC (NCL)
if sufficient applications not received in online
mode. 		 Notification on 13.04.2022 (Wednesday)

Registration from 13.04.2022 (Wednesday)
to 16.04.2022 (Saturday)

Display of list and Admissions 18.04.2022 (Monday) to 22.04.2021 (Friday) 
6 Registration for Class-II onwards (except Class
XI) – Subject (in offline mode) to availability of
vacancies in a particular class		 08.04.2022 (Friday)
to
16.04.2022 (Saturday) 
7 Declaration of list of class II onwards.  21.04.2022( Thursday) 
8 Admission for class II onwards. 22.04.2022 (Friday)
to 28.04.2022 (Thursday)
9 Last date of admission for all classes except
class XI		 30.06.2022 
10 For KV students: Registration for admission in
class Xl		 Within 10 days after declaration of class X result
11 KV students: Display of admission list 86 admissions for Class-XI.  Within 20 days after declaration of class X results.
12 Non-KV students: Registration, display of admission list 86 admissions in class XI (Subject to availability of vacancies)  After the admissions of KV students in class XI
13 Last date of admission for class – XI.  30 days from the date of declaration of class-X results by CBSE

Also Read: Kendriya Vidyalaya Class 1 Online Admission 2022-23

KVS Admission 2022-23: Revised Age Limit for Class 1

Note:-

List of children registered, list of eligible children, category-wise list of provisionally selected children, waiting list and subsequent lists to be compulsorily displayed on the website of the Kendriya Vidyalayas concerned, in addition to display on School’s Notice Board.

If any of the dates happens to be a public holiday the next working day shall be treated as opening/closing dates.

Follow us on Telegram Channel, Twitter and Facebook for all the latest updates

Kendriya Vidyalaya Class 1 Online Admission 2022-23

By
igeadmin
-

Kendriya Vidyalaya Class 1 Online Admission 2022-23

Kendriya Vidyalaya Sangathan (HQ)
New Delhi
Admission Notice: 2022-23

Online Registration for Admission to Class I in Kendriya Vidyalayas for the Academic Year 2022-23 will commence at 10:00 am on 28.02.2022 and will close at 07:00 pm on 21.03.2022. The Admission details are available in website https://kvsonlineadmission.kvs.gov.in and Android Mobile App. Minimum age for admission in class-I will be 6 years as per NEP 2020.

The official Android Mobile App for KVS Online Admission for Class I for the Academic Year 2022-23 and instructions for downloading and installing the App will be available at https://kvsonlineadmission.kvs.gov.in. The app will be available at the above URL and also at the Google Play Store. Parents are requested to go through the instructions for using the portal and mobile app carefully before using them. Registration for Class II and above will be done from 08.04.2022 (Friday) to 16.04.2022 (Saturday) upto 04:00 pm if vacancies exist (in offline mode).

Also Read:ย 

For Class XI, Registration forms may be downloaded from Vidyalaya Website as per the schedule for admission 2022-23 available on KVS (HQ) Website (https://kvsangathan.nic.in/)

Reckoning of age for all Classes shall be as on 31.03.2022. Reservation of seats will be as per MIS Admission Guideline available on the Website (https://kvsangathan.nic.in)

Under present situation of COVID -19, the directions issued by Competent Authority (Central/State/Local) are to be followed. Accordingly, the parents are requested not to visit Kendriya Vidyalayas physically and avoid gathering. All information regarding Admission, Registration form will be available on Vidyalaya/KVS (HQ) website under common document for download.

For class II and above, kindly fill the Registration form, Scan it and sent it to concerned KV through email only.

Contact Principal/Admission In-charge only when called in the given time slot.

Follow us on Telegram Channel, Twitter and Facebook for all the latest updates

Payment of Provisional Pension and gratuity under Rule 62 of CCS (Pension) Rules, 2021 in case of delay in issue of PPO authorizing regular pension

By
igeadmin
-

Payment of Provisional Pension and gratuity under Rule 62 of CCS (Pension) Rules, 2021 in case of delay in issue of PPO authorizing regular pension – reg

เคซเคพ.เคธ./12(9)/2020-P&PW(C)-6450
เคญเคพเคฐเคค เคธเคฐเค•เคพเคฐ
เค•เคพเคฐเฅเคฎเคฟเค•, เคฒเฅ‹เค• เคถเคฟเค•เคพเคฏเคค เคคเคฅเคพ เคชเฅ‡เค‚เคถเคจ เคฎเค‚เคคเฅเคฐเคพเคฒเคฏ
เคชเฅ‡เค‚เคถเคจ เค”เคฐ เคชเฅ‡เค‚เคถเคจเคญเฅ‹เค—เฅ€ เค•เคฒเฅโ€เคฏเคพเคฃ เคตเคฟเคญเคพเค—
(Desk-H)

8th Floor, Janpath Bhawan,
Janpath, New Delhi,
Dated the 23th February, 2022

OFFICE MEMORANDUM

Sub: Payment of Provisional Pension and gratuity under Rule 62 of the Central Civil Services (Pension) Rules, 2021 in case of delay in issue of PPO authorizing regular pension – reg

The undersigned is directed to say that in accordance with Rule 62 of the Central Civil Services (Pension) Rules, 2021 (Rule 64 of the erstwhile Central Civil Services (Pension) Rules, 1972), the Head of Office is required to sanction a provisional pension/gratuity, in cases where a delay is anticipated in issuing a PPO authorizing regular pension. Rule 65 of the CCS (Pension) Rules, 2021 further provides that in all cases where pension/ family pension/gratuity (including provisional pension/ family pension/gratuity) has not been sanctioned or is delayed, and it is clearly established that the delay in payment was attributable to administrative reasons or lapses, interest shall be paid on arrears of pension/family pension/gratuity at the rate and in the manner as applicable to General Provident Fund amount. Every case of delayed payment of pension/family pension/gratuity in respect of employees of a Ministry or Department and the employees of its attached and subordinate offices shall be considered by the Secretary of that Ministry or Department or any other officer authorized by him, and where it is found that the delay in the payment of pension/family pension/ gratuity was caused on account of administrative reasons or lapse, interest shall be required to be paid to the affected pensioner/family pensioner. In such cases, responsibility shall be fixed and disciplinary action shall be taken against the Government servant or servants who are found responsible for the delay on account of administrative lapses.

Also Read:ย Payment of family pension in respect of a child suffering from a disorder or disability of mind: DOPPW

2. Although as per Rule 62 of CCS(Pension) Rules, 2021, payment of provisional pension shall not continue beyond the period of six months from the date of retirement of the Government servant, the Rule further provides that the Accounts Officer shall treat the provisional pension as final and issue pension payment order immediately on the expiry of the period of six months, if the final amount of pension and gratuity have not been determined by the Head of Office in consultation with the Accounts Officer within the aforesaid period of six months.

3. In view of the provisions of Rule 62 of CCS (Pension) Rules, 2021 (earlier Rule 64 of CCS (Pension) Rules, 1972), the Accounts Officer has to treat the provisional pension as final and issue pension payment order immediately on the expiry of the period of six months provided in the Rule, if the final amount of pension and gratuity have not been determined by the Head of Office in consultation with the Accounts Officer within the said period. Therefore, there should not be a situation where regular pension is not authorized by the Accounts Officer to a retired Government servant on expiry of the period of six months.

4. All Ministries/Departments and their Account Officers are advised to strictly comply with the provisions of Rule 62 of the CCS (Pension) Rules, 2021. It is further emphasized that pension should not be discontinued under any circumstances, if, for any reason, PPO for regular pension could not be issued by the Accounts Officer till the expiry of the aforesaid period of six months.

(Ashok Kumar Singh)
Under Secretary to the Govt. of India

Follow us on Telegram Channel, Twitter and Facebook for all the latest updates

Creation of a new Yadgiri Postal Division by bifurcation of existing Kalaburagi Postal Division

By
igeadmin
-

Regarding creation of a new Yadgiri Postal Division by bifurcation of existing Kalaburagi Postal Division

No.Q-13/17/2021-PE-I-DOP(Pt.)
Government of India
Ministry of Communications
Department of Posts
(Establishment Division)

Dak Bhawan, Sansad Marg
New Delhi-110001
Dated: 21.02.2022

To,

The Chief Postmaster General,
Karnataka Circle,
Bengaluru-560 001.

Subject: Regarding creation of a new Yadgiri Postal Division by bifurcation of existing Kalaburagi Postal Division.

Madam/Sir,

Please refer to Circle Office letter No. ESA/CRTN/Yadgiri/DVN/2021 dated 31.12.2021 on the subject cited above.

2. The proposal for creation of a new Yadgiri Postal Division by bifurcation of existing Kalaburagi Postal Division has been examined in detail in consultation with Integrated Finance Wing (IFW)of the Directorate. The proposal has been approved by the Competent Authority, subject to the following conditions:-

(a) To ensure that there will be increase in the revenue due to this bifurcation and creation of new Division.
(b) Non-recurring and recurring expenditure on account of the creation of Division will be limited to the extreme necessities.
(c) There will be review of financial performance of both Kalaburagi Division as well as Yadgiri Division after completion of one year.

3. Further, the surplus post of PS Group โ€˜Bโ€™ of PSD, Rajkot, Gujrat Circle is redeployed as Divisional Head (PS Group โ€˜Bโ€™) of the newly created Yadgiri Postal Division.

4. In view of above, the Circle is requested to take further necessary action accordingly and furnish an Action Taken Report to this Office. The review after completion of one year is a mandatory condition of IFW, therefore, the same be strictly adhered to.

5. This issues with the concurrence of Integrated Finance Wing vide their Dy. No. 173/2021-22/FA-CS(P) dated 17.02.2022.

Yours faithfully

(Tarun Mittal)
Asstt. Director General (PE-I)

Follow us on Telegram Channel, Twitter and Facebook for all the latest updates

Circulation of POSB (CBS) Manual (Corrected up to 31.12.2021)

By
igeadmin
-

Circulation of POSB (CBS) Manual (Corrected up to 31.12.2021)

SB Order No. 03/2022

File No. 116-17/2017-SB
Govt. of India
Ministry of Communications
Department of Posts
(F.S. Division)

To
All Head of Circles / Regions

Dak Bhawan, New Delhi โ€“ 110001
Dated : 18.02.2022

Subject: Circulation of POSB (CBS) Manual (Corrected up to 31.12.2021) โ€“ Reg.

Sir / Madam,

POSB (CBS) Manual for operation of POSB Schemes in Core Banking Solution (CBS) platform was circulated vide issued vide SB Order No. 09/2018 datd 17.07.2018. Statutory rules relating to POSB viz. National Savings Schemes were amended by Ministry of Finance in the year 2018 & 2019. Operation of all National Savings Schemes was extended to the Branch Post Offices in the year 2020 and various SB orders have been issued by the Department related to POSB operation. The POSB (CBS) Manual has accordingly been revised by the FS Division of Postal Directorate and the same is approved by Director General (Poetal Services). This manual is released as POSB (CBS) Manual (Corrected up to 31.12.2021).

2. Some of the amendments incorporated in this version of Manual are listed below for reference.

  • Contents of SB Orders issued after release of POSB (CBS) Manual, 2018, are incorporated.
  • In respect of Deposits and Withdrawals from the accounts standing in RICT CBS BOs, from any CBS Post Office, sending of intimation of transactions happened in BO Accounts to the BOs concerned for updation in BO Journal has been discontinued.
  • Deposit in Savings Account through SB Money Orders from Field Post Offices has been deleted.
  • Closure of Accounts standing in BO through Cash payment is prescribed to be done only at Account Office.
  • New provision for issue of certificate of payment / certificate of credit has been included to settle the discrepancies in the voucher due to the omission in voucher on the part of the post office.
  • In case of memo of admission of payment, if the signature of the depositor or his agent, as the case may be, cannot be obtained, the case should be reported to the Head of the Circle for order and it was clarified that up to Rs. 500/ , Gazetted Postmaster or the Divisional Head may pass the orders personally. This has been modified that the case should be reported to Gazetted Postmaster or Divisional Head as the case may be, for passing final orders after necessary inquiries.
  • In case of Change of Name of Depositor, submission of Gazette Notification has been added and new procedure for change of name of the minor depositor has been appended.
  • Furnishing of report by Head of Circle to Directorate regarding verification of balances of accounte standing at branch offices the passbook of which are not received for interest posting has been deleted.
  • Submission of quarterly report to FS Division of Directorate by the HoC on verification of withdrawals of Rs. 10,000/- and above in Savings accounts at branch offices has been deleted.
  • Procedure of verification of balances of TD Accounts and other types of accounts has been modified. Sending of list of SB 46 notices issued by the Inspecting Authorities for verification by Account Office has been discontinued and proposed to be verified by the Inspecting Authorities themselves.
  • Procedure for transfer of SCSS Account from PO to Bank and vice versa has been added.
  • In all cases of the transfer of account from PO to Bank, the depositor should be requested to submit the account transfer application at the Bank only, as some of the bank branches may not operate National Savings Schemes.
  • Procedure for Issue of Passbook / Closure of Account for the accounts (RD & TD) opened in e Banking and M Banking has been included.
  • Contents of SAS/MPKBY Agency System are modified. Rules relating to Change of MPKBY Agent are appended.
  • Procedure for ascertaining the solvency of sureties in case of deceased claim settlement procedure has been added.
  • Provision for issue of reconciliation certificate in case of difference in the name of nominee has been included.
  • In respect of payment of claim in settlement of deceased claims chapter, interest eligibility and payment options available to the claimants have been added.
  • List of Countries under HAGUE APOSTILE CONVENTION has been updated.
  • Many clarifications which were already issued as well as fresh clarifications are included as โ€˜Noteโ€™ under various rules.
  • In Appendix โ€“ I (KYC / AML / CFT Norms), the documents to show as source of receipt of funds tendered for investment are included.
  • Facility of dispatch of cheque book to the depositor by post at the cost of Depositor on request has been added.
  • Following new chapters are added as Appendices
    • TDS Submission
    • Role of SBCO for CBS Post Offices
    • Handling of Cases for Relaxation in Rules
    • Interest Rates with effect from 01.04.1981
    • Specimen of important forms and registers

3. Further, a table of concordance linking the procedural rules in the POSB (CBS) Manual Version 2018 with the rules in the new version is appended, for easy reference.

4. The procedural rules in this version of Manual should be followed by all the CBS Post Offices and RICT โ€“ CBS Branch Post Offices.

5. Softcopy of the Manual is uploaded in India Post Website and the same can be downloaded by all the Administrative and Operative Offices.

6. Circles should ensure that a soft copy of this version of manual is available in all the systems in the post offices.

7. Circles are requested to take necessary action in this regard and this order may be circulated to all the Post Offices.

8. This is issued with the approval of DDG (FS).

(T.C. VIJAYAN)
Asst. Director (SB-I)

Follow us on Telegram Channel, Twitter and Facebook for all the latest updates

1...112113114...912Page 113 of 912

Just In

About us

IGECORNER is a trusted online platform dedicated to empowering Central Government Employees with up-to-date information, valuable resources, government orders, latest news and insightful discussions.

Follow us

ยฉ Copyright 2010โ€“2025 All Rights Reserved | igecorner.com