DISCUSSION WITH POSTAL BOARD - NO PROGRESS

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Wednesday, 28 December 2011
POSTAL JOINT COUNCIL OF ACTION
NATIONAL FEDERATION OF POSTAL EMPLOYEES
FEDERATION OF NATIONAL POSTAL ORGANIZATIONS
ALL INDIA POSTAL EXTRA DEPARTMENTAL EMPLOYEES UNION
NATIONAL UNION OF GRAMIN DAK SEVAKS
NEW DELHI
DISCUSSION WITH POSTAL BOARD - NO PROGRESS
JCA DECIDES TO GO AHEAD WITH THE STRIKE DECISION
HOLD MASS DHARNA ON 10.01.2012 IN FRONT OF CIRCLE/REGIONAL/DIVISIONAL OFFICES.
On 27.12.2011, Discussion on 25 point Charter of Demands has been held with the Postal Board -Member (Personnel), Member (Operations), Member (PLI) and Member (Planning). The discussion lasted for eight hours. Even though the staff side has elaborately explained all the demands raised in the Charter, there was no favourable or result-oriented settlement on any of the demands. Thereafter the Central JCA met and decided to go ahead with the strike decision. It is decided to intensify the campaign. Accordingly the Central JCA calls upon all the Branch/Divisional/Circle Union to organize MASS Dharna in front of all Circle/Regional/Divisional offices on 10.01.2012. It is also decided to organize candle-light protest demonstration/procession/rallies on all important places on 16.01.2012. Further all intensive campaign such as squad work, conventions, general bodies, press conferences etc may be organized at all levels. Make the indefinite strike from 17.01.2012 a historic success.

Changes in RD Deposit/closure and PMI rules from 01.01.2012

RD deposit last date will be 15th or Last Working day based upon 1st/2nd fortnight in which the account Opened.
Discontinued RD account after maturity will earn SB interest as PMI instead of present 9.25% p.a for completed years.
PMI will be calculated for NO OF DAYS from 'Date of Maturity' to 'Date of Payment' in all schemes instead of Completed months & also 24 months limit removed. Click here to download
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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: 13.12.2011
To
All Heads of Circles/Regions
Addl. Director General, APS, New Delhi.
Subject:- Modifications in PORD Rules 1981, Post Office Monthly Income Account Rules 1987, POTD Rules 1981, KVP Rules 1988, NSC (VIII-Issue) Rules 1989-regarding.
Sir / Madam,
The undersigned is directed to enclose copies of Min. of Finance (DEA) Notification No. GSR 740(E), GSR 741(E), GSR 742(E), GSR 743(E) and GSR 744(E) dated 04.10.2011 for information and necessary action. Changes made through these notifications are listed below:-
(1) In case of RD accounts opened between 1st Day and 15th Day of a calendar month, the each subsequent deposit in the account shall be made up to 15th day of the next month and incase of RD accounts opened between 16th day and last working day of the calendar month, the each subsequent deposit in the account shall be made up to the end of the next calendar month.
Procedure:- This change should be made applicable from 01.01.2012 to all old as well as new accounts. In the month of January 2012, as and when any depositor/MPKBY agent attends the post office for subsequent deposit, a rubber stamp should be fixed on the cover and first page of the Passbook informing the last date up to which the depositor can deposit his monthly installment in the next month.
Following is the sample of stamps:-
Sample-1
LAST DATE OF DEPOSIT IS 15th DAY OF NEXT MONTH

Sample-2
LAST DATE OF DEPOSIT IS LAST WORKING DAY OF NEXT MONTH
Sample-1 is to be fixed on the passbooks of the accounts opened between 1st and 15th Day of a month and Sample-2 is to be fixed on the passbooks of the accounts opened between 16th day and the last day of a month. Till the software is amended, penalty should be charged as per old procedure i.e if the amount is not deposited up to the last working day of the month.
(2) In case maturity value of a discontinued RD account is retained after the date of maturity, the depositor shall be entitled to a simple interest at the rate applicable from time to time to post office savings account on the amount deposited from the date of maturity till date of payment.
Procedure:- At present, interest at the rate of 9.25% was being paid on such accounts. This amendment will be made applicable from 1.01.2012 to all old as well as new accounts. This calculation is to be made manually till the software is modified. Difference of interest calculated by the software and and interest calculated manually should be noted in the Register to be maintained in manuscript for future reference.
(3) In case of premature closure of RD accounts, simple interest at the rate applicable to post office savings account from time to time shall be payable.
Procedure:- Presently, interest is being calculated by the software by compounding the rate of savings account every year. This shall be applicable to the existing RD accounts also. This calculation shall be made manually from 1.01.2012 till the software is amended. Difference of interest calculated by the software and interest calculated manually should be noted in the Register to be maintained in manuscript for future reference.
(4) In case maturity value of RD Account is retained after 10 years, Post Maturity Interest shall be payable at simple rate of interest applicable from time to time to savings account from date of maturity to date of payment.
Procedure:- This is a new provision which does not exist in the software. This calculation shall be made manually from 1.01.2011 till the software is amended. This will be applicable for existing RD accounts also. Entry of such accounts in which PMI is paid should be made in a register to be maintained in manuscript for PMI for future reference.
(1) Maximum limit of 2 years fixed for admissibility of Post Maturity Interest has been removed.
Procedure:- Now PMI should be paid from the date of maturity to date of payment at the simple interest rate applicable to savings account from time to time. The rate of interest shall be equal to the rate applicable from the date of maturity to the date of payment at different times. For example, if an account was matured on 26.8.2010 and the depositor attends the post office on 15.12.2011, he will be paid PMI at the rate 3.5% from 26.8.2010 to 30.11.2011 and at the rate 4% from 1.12.2011 to 14.12.2011. This shall be applicable to the existing as well as new investments in all schemes. Calculations are to be made manually till software is amended and recorded in the Register to be maintained in manuscript for future reference. Following formula should be adopted while calculating the Post Maturity Interest for the number of days:-
To calculate simple interest for number of days:- MV×R÷100×N÷365.
MV= Maturity Value
R= Rate of interest
N=Number of days the account stands
Note:- While calculating number of days, the day on which account matures shall be counted in number of days but the day on which payment is being taken shall not be counted.
This issues with the approval of DDG(FS)
Yours faithfully,
(Kawal Jit Singh)
Assistant Director (SB)

KARNATAKA CIRCLE CONFERENCE AT SHIMOGA

ALL INDIA POSTAL EMPLOYEES’UNION GROUP C
KARNATAKA CIRCLE HEAD QUARTERS,
NO.33 p & T Quarters, Rajajinagar, Bangalore560010
No.C.Cnf/2011-12 Date; 05.12.2011
NOTICE OF CIRCLE CONFERENCE
It Is hereby notified under the provisions of Articles 29(B) and 32 of this Union constitution tha the Circle Working committee meeting of this Union will be held from 10.30AM onwards on 6th of January 2012 at Shubhamangala Kalyana Mandira, 80 feet Road, Vinobanagar, Shimoga to transact the following Agenda. Com.S.Devapala, Circle President would prerside.
AGENDA
1. To finalise consideration for the conference
a) Biennial Report.
b) Biennial Audited Accounts.
c) Biennial Budget Estimate.
d) Agenda for the circle conference.
2. Any other item with the permission of the chair.

All the members of the CWC are requested to participate in the meeting on time.

(S.S.MANJUNATH)
CIRCLE SECRETARY
Copy forwarded to for the information and necessary to:
1. The Chief Postmaster General, Karnataka Circle, Bangalore.
2. The Postmaster General, SK Region, Bangalore.
3. The Postmaster General, NK.Region .Dharwad.
4. The General Secretary, AIPEU Gr C, CHQ, New Delhi 8
5. The Secretary General, NFPE, New Delhi-1.
6. All the Circle office bearers.
7. All Branch and Divisional Secretaries, Karnataka Circle
(S.S.MANJUNATH) CIRCLE SECRETARY

ALL INDIA POSTAL EMPLOYEES’UNION GROUP C
KARNATAKA CIRCLE HEAD QUARTERS,
NO.33 p & T Quarters, Rajajinagar, Bangalore560010
No.C.Cnf/2011-12 Date; 05.12.2011
NOTICE OF CIRCLE CONFERENCE
It Is hereby notified under the provisions of Articles 29,30 and32of this Union constitution that the 27th Biennial Circle Conference of this Union will be held on 8th,9th and 10th of January 2012 at Shubhamangala Kalyana Mandira, 80 feet Road, Vinobanagar, Shimoga to transact the following Agenda. Com.S.Devapala, Circle President would prerside.
AGENDA
1. Consideration and Adoption of
(a). Biennial Report.
(b) Biennial Audited Accounts
2. Organisational Review
3. Financial Review
4. Karnataka Post
5. Agitations All India, Circle and Divisional level.
6. MACP cases of promotes, Postmaster cadre, Accountants, Marketing Executives, System Administrators- pay anomalies, contributory negligence and harassment of staff. etc.,
7. Policy and Programme resolutions.
8. Election of office bearers and supreme Councilors.
9. Appointment of an Auditor.
10. Adoption of Budget estimates.
11. Hosting of next Circle Conference.
12. Any other item with the permission of the chair.
The conference would commence at 10.30 AM sharp on 08.01.2012.
(S.S.MANJUNATH) CIRCLE SECRETARY
Copy forwarded for information and necessary action to;
1. The Chief Postmaster General, Karnataka Circle, Bangalore.
2. The Postmaster General, SK Region, Bangalore.
3. The Postmaster General, NK.Region .Dharwad.
4. The General Secretary, AIPEU Gr C, CHQ, New Delhi 8
5. The Secretary General, NFPE, New Delhi-1.
6. All the Circle office bearers.
7. All Branch and Divisional Secretaries, Karnataka Circle
(S.S.MANJUNATH) CIRCLE SECRETARY

Sub: Revision of rate of commission payable to SAS and MPKBY Agents and discontinuance of Commission to PPF Agents with effect from 1.12.2011
D.G. Posts F No. 113-01/2011-SB dated 24.11.2011(S.B. Order No. 29/2011)
The undersigned is directed to convey the following decisions of the Min. of Finance (DEA) which shall be effective from 1st Day of December, 2011:-
(i) There shall be no commission payable on PPF Deposits made on or after 1.12.2011.
(ii) The revised rates of commission payable to SAS and MPKBY Agents with effect from deposits made on or after 1.12.2011shall be as follows:
Category of Agent Name of Scheme Rate of Commission
MPKBY Recurring Deposit 4 %
SAS 1 Year Time Deposit 0.5%
2 Year Time Deposit 0.5%
3 Year Time Deposit 0.5%
5 year Time Deposit 0.5%

Monthly Income Account Scheme 0.5%
5 Year NSC(VII –Issue) 0.5%
10 Year NSC(IX –Issue) 0.5%
Sr. Citizen Savings Scheme Nil

2. It is requested that this may be circulated to all post offices for information and necessary guidance.
3. This issues with the approval of Secretary Posts.

SB ORDERS

Sub: Revision of maximum limit of subscription in a financial year, rate of interest on balance in the PPF Accounts and rate of interest charged on loan taken from PPF account with effect from 1.12.2011.
D. G. Posts F. No. 113-01/2011-SB dated 24.11.2011(S.B. Order No. 24/2011)
The undersigned is directed to convey the following decisions of the Min. of Finance (DEA) which shall be effective from 1st day of December, 2011.
(i) Existing maximum limit of subscription in a financial year of Rs. 70000/- shall be of Rs. 1,00,000/- (One lakh) in existing PPF accounts as well as new PPF accounts to be opened on or after 1.12.2011.
(ii) The rate of interest on the subscriptions made to the fund on or after 1.12.2011 and balances at credit of the subscriber in the existing PPF account shall bear interest at the rate of eight point six percent (8.6%) per annum.
(iii) The rate of interest charged on the loan taken by the subscriber of a PPF account on or after 1.12.2011 shall be "two per cent per annum" .However , the rate of interest of " one per cent per annum" shall continue to be charged on the loans already taken or taken up to 30.11.2011
2. It is requested to circulate these instructions to all field units and ensure that these instructions are strictly followed.
.3. This issues with the approval of Secretary Posts.
Sub: Revision of maturity period , rate of interest and discontinuation of 5% bonus on maturity of Monthly Income Account scheme with effect from 1.12.2011.
D. G. Posts F. No. 113-01/2011-SB dated 24.11.2011(S.B. Order No. 25/2011)
The undersigned is directed to convey the following decisions of the Min. of Finance (DEA) which shall be effective from 1st day of December, 2011.
(i) The maturity period of Monthly Income Accounts to be opened on or after 1st day of December 2011 shall be 5 years.
(ii) The rate of interest on new MIS accounts on or after 1.12.2011 shall be 8.2% per annum and the interest so calculated on annual basis shall be rounded off to the nearest multiple of rupee one and for this purpose any account of 50 paisa or more shall be treated as rupee one and any amount less that 50 pause shall be ignored. Interest shall be paid monthly on completion of a month from the date of deposit.
(iii) There shall be no bonus admissible on maturity in the accounts opened on or after 1.12.2011.
2. It is requested that a rubber stamp shall be prepared and placed on all new MIS Passbooks issued on or after 1.12.2011 with language as "Maturity period shall be 5 years from 1.12.2011". While accepting deposit by cheque for opening of MIS account from 25.11.2011, a rubber stamp should be placed on the acknowledgment of cheque given to customer that " No bonus shall be payable if cheque is credited to Government account after 30.11.2011.his may be circulated to all post offices for information and necessary guidance.
3. This issues with the approval of Secretary Posts.
Sub: Revision of interest rate on balance at credit in Post Office Savings Account with effect from 1.12.2011.
D. G. Posts F. No. 113-01/2011-SB dated 24.11.2011(S.B. Order No. 26/2011)
The undersigned is directed to convey the decision of the Min. of Finance (DEA) for revision of interest rate on the balance at credit of a Post Office Savings Accounts from 3.5% to 4% per annum with effect from 1st Day of December, 2011.
2. It is requested that this may be circulated to all post offices for information and necessary guidance.
3. This issues with the approval of Secretary Posts.
Sub: Revision of rate of interest of Time Deposit Accounts with effect from 1.12.2011.
D. G. Posts F. No. 113-01/2011-SB dated 24.11.2011(S.B. Order No. 27/2011)
The undersigned is directed to convey the following decisions of the Min. of Finance (DEA) which shall be effective from 1st Day of December, 2011:-
(i) The revised rate of interest in Time Deposit Accounts opened on or after 1.12.2011 shall be :
Period of Deposit Rate of interest per annum (Quarterly compounded)
1 year 7.7
2 Years 7.8
3 Years 8.0
5 years 8.3

(ii) In case of premature closure of 1 Year,2 Year,3 Year or 5 Year account on or after 1.12.2011,if the deposit is withdrawn after 6 months but before the expiry of one year from the date of deposit , simple interest at the rate applicable to from time to time to post office savings account shall be payable.
(iii) In case of premature closure of 2 Year,3 Year or 5 Year account on or after 1.12.2011, if the deposit is withdrawn after the expiry of one year from the date of deposit ,interest on such deposits shall be calculated at the rate , which shall be one per cent less than the rate specified for a period of a deposit of 1 Year, 2 Year,3 Year as mentioned in th concerned table given under Rule 7 of POTD Rules.
2. It is requested that this may be circulated to all post offices for information and necessary guidance.
3. This issues with the approval of Secretary Posts.
Sub: Revision of rate of Recurring Deposit Accounts with effect from 1.12.2011.
D. G. Posts F. No. 113-01/2011-SB dated 24.11.2011(S.B. Order No. 28/2011)
The undersigned is directed to convey the following decisions of the Min. of Finance (DEA) which shall be effective from 1st Day of December, 2011:-
(i) The amount repayable on a RD account of Rs.10 denomination opened on or after 1.12.2011 shall be Rs. 738.62. The amount repayable on an account of any other denomination shall be proportionate to Rs. 738.62.

Post Office Savings Schemes

The gross collection under various small savings schemes of Post Office Savings Scheme during 2009-10 and 2010-11 were Rs. 2,50,931 crore and Rs. 2,74,720 crore (provisional) respectively. The gross collection has registered an increase of 8.78%, as compared to the previous year’s collections. Central and State Government take various measures from time to time to promote and popularise small savings schemes through print and electronic media as well as holding seminars, meetings and providing training to various agencies involved in mobilizing deposits under various small savings schemes. This statement was given by Shri Sachin Pilot, the Minister of State Communication and Information Technology in response to a question in Lok Sabha

PIB Release ID 77440

NATIONAL POSTAL POLICY 2012

Postal Policy 2012 A meeting is likely on the policy to discuss various dimensions with key stakeholders, next month PTI November 14 2011..Share..The government has started the exercise to formulate the new National Postal Policy 2012, in order to rejuvenate and bring the postal sector to the centre stage of economic development.
The Department of Post (DoP) will organise a round-table conference next month to discuss various dimensions of the policy with key stakeholders.
"DoP may complete this (discussion) exercise by April, 2012," Minister of Communications and Information Technology Kapil Sibal said, adding that the agenda of the same should be submitted by November 20.
The government said National Postal Policy (NPP) would have clear goals, defined role of various operators in the sector and regulatory mechanism in place.
"The postal sector is a key information medium that contributes to both the economic and social development. In recent years, the postal market place has grown increasingly competitive, complex and essential," Sibal added.
The minister in his communication to the DoP has indicated that the new policy should be in line with market dynamics and postal sector should contribute to social and economic development of the country.
"A comprehensive policy must be compiled to guide and regulate the development, growth and contribution of this sector over the next five to 10 years," Sibal said.
DoP had earlier come up with a National Postal Policy, which is viewed as 'prototype' of the policy, a senior ministry official said.
The policy was written by couple of postal department officers without consultation with the industry, the official added.
The new policy will be framed in consultation with various stakeholders of the Indian postal sector which will include various players in logistics, courier and e-commerce business."NPP'12 will have clear goals in terms of job creation, potential investment, guidelines for postal services and strategic focus area for the sector," the official said.
With over 1.5 lakh post offices India's Department of Post has the one of the largest postal network in the world.
In order to match the rapid growth of the country, DoP is undergoing various radical changes which includes a proposal to convert over 1.5 lakh post offices across the nation into full-fledged banks on the anvil.
The post offices currently offer financial services like savings bank, postal life insurance, pension payments and money transfer services