Posts Tagged ‘post offices’

India Post Payments Bank (IPPB) to enable Digital Payments in Post Offices by April 2018

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Ministry of Communications
India Post Payments Bank (IPPB) to enable Digital Payments in Post Offices by April 2018

India-Post-Payments-Bank-IPPB

10 FEB 2018

India Post Payments Bank (IPPB) Expansion Programme continues to make brisk progress and a nation-wide roll-out is scheduled beginning April 2018. No decision has been taken to revise the timelines as reported in some sections of the media on Tuesday, 06th February 2018. Once the proposed expansion is completed, IPPB will be providing the largest financial inclusion network in the country, covering both urban as well as rural hinterland with ability to provide digital payment services at the doorstep with the help of Postmen and GraminDakSewaks (GDS). IPPB will also enable more than 17 crore active account-holders of Post Office Savings Bank to make interoperable digital payments including the benefit of NEFT, RTGS, UPI and bill payment services. Additionally, the IPPB will enable acceptance of digital payments across post offices in the country in line with the digital payments initiative of the government.

PIB

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DEPARTMENT OF POSTS: GRAMIN DAK SEVAK ISSUE IN LOK SABHA – 22-03-2017

GRAMIN DAK SEVAK ISSUE IN LOK SABHA – 22-03-2017

GOVERNMENT OF INDIA
MINISTRY OF COMMUNICATIONS
DEPARTMENT OF POSTS
LOK SABHA

UNSTARRED QUESTION NO.3450
TO BE ANSWERED ON 22ND MARCH, 2017

GRAMEEN DAK SEVAKS

3450. SHRI RAHUL KASWAN:
SHRI RAMESH BIDHURI:
SHRI BALABHADRA MAJHI:
SHRI TAMRADHWAJ SAHU:

Will the Minister of COMMUNICATIONS be pleased to state:

(a) the total number of postal circles in the country and the number of GPOs, SPOs and EDBOs functioning under these circles alongwith number of these post offices located in rural and urban regions separately;
(b) the number of post offices manned by Grameen Dak Sevaks (GDSs) State/UT-wise alongwith the details about the monthly salary of the GDS;
(c) whether Grameen Dak Sevaks (GDSs) are eligible for pension like other Government employees and if not, the reasons therefor;
(d) whether Government is contemplating to constitute any Committee to look into the salary structure and other service matters of Grameen Dak Sevaks and if so, the details thereof;
(e) whether the said committee has submitted its said report and if so, the salient features of the said report; and
(f) the time by which it is likely to be implemented?

ANSWER

THE MINISTER OF STATE (IC) OF THE MINISTRY OF COMMUNICATIONS & MINISTER OF STATE IN THE MINISTRY OF RAILWAYS (SHRI MANOJ SINHA)

(a) Madam, the total number of Postal Circles in the country is 23. The total number of GPOs is 24, the total number of Sub Post Offices (SPOs) is 24753, the total number of Extra Departmental Branch Offices (EDBOs) is 129346. The details of these post offices rural and urban regions wise is enclosed at Annexure-I.

(b) The number of post offices which are manned by Gramin Dak Sewaks (GDS) is given in the Annexure-II. Details of the monthly wages admissible to various categories of Gramin Dak Sewaks are given in the Annexure-III.

(c) No, Madam. The legal status of the Gramin Dak Sevaks as held in 1977 by Apex Court is that they are holders of the civil posts outside the regular civil service. Being a distinct and separate category, CCS (Pension) Rules, 1972 are not applicable in the case of Gramin Dak Sevaks (GDS).

(d) Yes, Madam. To examine the system of Branch Post Offices, engagement conditions, existing structure of allowances and all other welfare issues pertaining to Gramin Dak Sevaks, a one-man Committee under the Chairmanship of Shri Kamlesh Chandra, Retired Member Postal Services Board was set up.

(e) Yes, Madam. The committee has submitted its report. The salient feature of the report is given in the Annexure-IV.

(f) The recommendations of the committee are being examined by the Department of Posts. No timeline is specified to implement the recommendations of the Committee.

Annexure-I : Distribution of Rural and Urban Post Offices as on 31.03.2016

Annexure-II : State wise list of number of post offices manned by Gramin Dak Sewaks

Annexure-III : Details of the monthly wages admissible to various categories of Gramin Dak Sevaks

Annexure-IV : Salient features of the GDS Report

Source: Confederation

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New Post Offices will be opened in this fiscal-Manoj Sinha

New Post Offices will be opened in this fiscal-Manoj Sinha

The Government has planned to open 81 Sub-Post Offices and 100 Branch Post Offices during the current financial year 2017-18 under the Scheme – “Rural Business & Access to Postal Network”. Minister of Communications Shri Manoj Sinha said in a written reply to a question in the Lok Sabha today that the Department of Posts has also planned to open 66 Branch Post Offices by creation of new posts in 32 worst affected Left Wing Extremism (LWE) districts in the country under the aforesaid scheme in the current financial year.

Shri Sinha informed that out of 25,350 post offices in the States of the Country, 25,348 are computerised. He said that the Department of Posts takes action, from time to time, to induct technology and upgrade the system to cater to the growing market requirements and to increase revenue earnings. The Minister said that the increase or revision of rates of postal products and services is an ongoing exercise carried out from time to time and that there is no proposal to increase the rates of premium Business Development products at present.

Be the first to comment - What do you think?  Posted by admin - July 26, 2017 at 6:41 pm

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Discontinuation of Commission under Pay Roll Savings Schemes – Department of Posts

Discontinuation of Commission under Pay Roll Savings Schemes – Department of Posts

F.No 113-03/2017-SB

Govt. of India
Ministry of Communication
Department of Posts
(F.S. Division)

Dak Bhawan, New Delhi-110001
Dated: 05.07.2017

To,

All Head of Circles/Regions
Addl. Director General, APS, New Delhi

Subject : Discontinuation of Commission under Pay Roll Savings Schemes.

Sir/Madam,

In continuation of SB Order 09/2016 dated 23.09.2016 the undersigned is directed to say that Ministry of Finance, Department of Economic Affairs (Budget Division) New Delhi, vide its Memorandum No. 1/4/2015-NS.ll dated 12.05 2017, has conveyed that commission on Pay Roll Savings Scheme had been discontinued w.e.f. 01.10.2016. Now MOF has conveyed that only commission on PRSS has been discontinued and not the scheme, willing establishment can operate the scheme voluntarily without claiming commission . However, it needs to be ensured that no commission is paid by any post office to any Pay Roll Savings Group w.e.f. 01.10.2016. Case any commission has been paid after 01.10. 2016, necessary recovery be made.

2. This may kindly be circulated to all CBS and Non-CBS Host Offices for information and necessary guidance. This should also be placed on the Notice Board of all the Post Offices.

3.This issue with the approval of Competent Authority.

Yours faithfully,
sd/-
(P.L. Meena)
Assistant Dire tor (SB-1)

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Post Offices Exchanged Notes Worth Rs 3,680 Crore Till Dec 7

Post Offices Exchanged Notes Worth Rs 3,680 Crore Till Dec 7

New Delhi: Post offices have exchanged currency worth Rs 3,680.99 crore till December 7, after the government scrapped old Rs 500 and Rs 1,000 notes last month, Parliament was informed today.

“The total amount exchanged in the post offices after demonetisation is Rs 3,680.99 crore till December 7, 2016,” Communications Minister Manoj Sinha said in a written reply to Lok Sabha.

The total amount deposited in the post offices after demonetisation is Rs 38,630.06 crore till December 7, 2016, he added. The demonetisation of high value currency took effect from November 9.

Responding to another query, Sinha said a total of over 79.75 lakh subscribers have ported out and 60.51 lakh subscribers have ported in to the mobile network of Bharat Sanchar Nigam Ltd (BSNL).

“A total of 4,41,879 subscribers have ported out and 1,21,219 subscribers have ported in to the mobile network of Mahanagar Telephone Nigam Ltd (MTNL),” he said.

A total of 2,479 complaints have been received by different TERM Cells against various telecom service providers (TSPs) across the country regarding keeping MNP request of subscribers pending or cancelled and thereby not complying with the MNP scheme during year 2015 and current year 2016 (up to September 30, 2016), he said.

Out of these complaints, a total of 2,320 number of complaints have been received against private cellular operators.

The highest number of complaints was against Airtel (651), followed by Vodafone (555), Idea (444), Reliance (342) and Aircel (195).

PTI

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Interest rate on the long term saving deposits in post offices

Interest rate on the long term saving deposits in post offices

Interest rates on bank deposits are not uniform and vary from bank to bank. Hence, a one-on-one comparison of interest rates may not be possible.

The interest rates on term deposits are deregulated and they are determined by the banks themselves as per their Board approved policies. In contrast interest rates on Small Savings Schemes are administered interest rates linked to G-Sec rate of comparable maturity.

The percentage of savings in the savings schemes in Post Office as on 31.03.2016 is 14.84% of the deposits in the savings schemes of PSBs.

The Government has taken various steps to popularise all the existing schemes by carrying out publicity through print and electronic/Audio Visual media on an all India basis. Jan Dhan Yojana is a scheme of the Government to encourage deposits in banks and promote savings.

This was stated by Shri Arjun Ram Meghwal, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha today.

PIB

Be the first to comment - What do you think?  Posted by admin - November 19, 2016 at 10:32 am

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PM to launch Gold Related Schemes on 5th November, 2015; First ever National Gold Coin minted in India with National Emblem of Ashok Chakra engraved to be released among others on the occasion

PM to launch Gold Related Schemes on 5th November, 2015; First ever National Gold Coin minted in India with National Emblem of Ashok Chakra engraved to be released among others on the occasion

The Prime Minister Shri Narendra Modi will launch the three Gold related Schemes i.e. Gold Monetisation Scheme (GMS), Gold Sovereign Bond Scheme and the Gold Coin and Bullion Scheme on Thursday, 5th November, 2015 in the national capital.

The salient features of each of the aforesaid scheme are as follows:

Gold Monetisation Scheme (GMS), 2015

The GMS will replace the existing Gold Deposit Scheme, 1999. However, the deposits outstanding under the Gold Deposit Scheme will be allowed to run till maturity unless the depositors prematurely withdraw them.

Resident Indians (Individuals, HUF, Trusts including Mutual Funds/Exchange Traded Funds registered under SEBI (Mutual Fund) Regulations and Companies) can make deposits under the scheme. The minimum deposit at any one time shall be raw gold (bars, coins, jewellery excluding stones and other metals) equivalent to 30 grams of gold. There is no maximum limit for deposit under the scheme.

The gold will be accepted at the Collection and Purity Testing Centres (CPTC) certified by Bureau of Indian Standards (BIS). The deposit certificates will be issued by banks in equivalent of 995 fineness of gold. The designated banks will accept gold deposits under the Short Term (1-3 years) Bank Deposit (STBD) as well as Medium (5-7 years) and Long (12-15 years) Term Government Deposit Schemes (MLTGD). While the former will be accepted by banks on their own account, the latter will be on behalf of the Government of India. There will be provision for premature withdrawal subject to a minimum lock-in period and penalty to be determined by individual banks for the STBD. The interest rate in the STBD will be determined by the banks. The interest rate in the medium term bonds has been fixed at 2.25% and for the long term bonds is 2.5% for the bonds issued in 2015-16.

Interest on deposits under the scheme will start accruing from the date of conversion of gold deposited into tradable gold bars after refinement or 30 days after the receipt of gold at the CPTC or the bank’s designated branch, as the case may be and whichever is earlier. During the period from the date of receipt of gold by the CPTC or the designated branch, as the case may be, to the date on which interest starts accruing in the deposit, the gold accepted by the CPTC or the designated branch of the bank shall be treated as an item in safe custody held by the designated bank.

The Short Term Bank Deposits will attract applicable Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR). However, the stock of gold held by the banks will count towards the general SLR requirement. The opening of Gold Deposit Accounts will be subject to the same rules with regard to customer identification (KYC) as are applicable to any other deposit account.

The designated banks may sell or lend the gold accepted under STBD to MMTC for minting India Gold Coins (IGC) and to jewellers, or sell it to other designated banks participating in GMS. The gold deposited under MLTGD will be auctioned by MMTC or any other agency authorised by the Central Government and the sale proceeds credited to the Central Government’s account with the Reserve Bank of India. The entities participating in the auction may include the Reserve Bank, MMTC, banks and any other entities notified by the Central Government. Banks may utilise the gold purchased in the auction for purposes indicated above. Designated banks should put in place a suitable risk management mechanism, including appropriate limits, to manage the risk arising from gold price movements in respect of their net exposure to gold. For this purpose, they have been allowed to access the international exchanges, London Bullion Market Association or make use of over-the-counter contracts to hedge exposures to bullion prices subject to the guidelines issued by the Reserve Bank.

Complaints against designated banks regarding any discrepancy in issuance of receipts and deposit certificates, redemption of deposits, payment of interest will be handled first by the bank’s grievance redress process and then by the Reserve Bank’s Banking Ombudsman.

It may be recalled that the Government of India announced the Gold Monetisation Scheme vide its Office Memorandum F.No.20/6/2015-FT dated September 15, 2015. The objective of the Scheme is to mobilise gold held by households and institutions of the country and facilitate its use for productive purposes, and in the long run, to reduce country’s reliance on the import of gold..

The list of CPTCs and Refiners are certified by the Bureau of Indian Standards. Indian Banks Association has finalized the necessary documentation including the tripartite agreements between the designated banks, CPTCs and the Refiners under the Scheme. Banks have put in place the requisite systems and procedures to implement the scheme and will continue to improve them.

Sovereign Gold Bond Scheme

The Government of India has decided to issue Sovereign Gold Bonds. The Bonds will be issued in multiple tranches subject to the overall borrowing limits of GOI. Applications for the bond under the first tranche will be accepted from November 05, 2015 to November 20, 2015. The Bonds will be issued on November 26, 2015. The Bonds will be sold through banks and designated post offices as notified. It may be recalled that the Union Finance Minister had announced in Union Budget 2015-16 about developing a financial asset, Sovereign Gold Bond, as an alternative to purchasing metal gold.

Sovereign Gold Bond will be issued by Reserve Bank India on behalf of the Government of India. The Bonds will be restricted for sale to resident Indian entities including individuals, HUFs, trusts, Universities, charitable institutions. The Bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram. The tenor of the Bond will be for a period of 8 years with exit option from 5th year to be exercised on the interest payment dates. Minimum permissible investment will be 2 units (i.e. 2 grams of gold).The maximum amount subscribed by an entity will not be more than 500 grams per person per fiscal year (April-March). A self-declaration to this effect will be obtained. A mechanism will be put in place for internal verification of the self declarations.

In case of joint holding, the investment limit of 500 grams will be applied to the first applicant only. Each tranche will be kept open for a period to be notified. The issuance date will also be specified in the notification. Price of Bond will be fixed in Indian Rupees on the basis of the previous week’s (Monday–Friday) simple average of closing price of gold of 999 purity published by the India Bullion and Jewellers Association Ltd. (IBJA).Payment for the Bonds will be through electronic funds transfer/cash payment/ cheque/ demand draft. The investors will be issued a Stock/Holding Certificate.

The Bonds are eligible for conversion into demat form. The redemption price will be in Indian Rupees based on previous week’s (Monday-Friday) simple average of closing price of gold of 999 purity published by IBJA. Bonds will be sold through banks and designated Post Offices, as notified, either directly or through agents. The investors will get interest at a fixed rate of 2.75 per cent per annum payable semi-annually on the initial value of investment for the bonds issued in 2015-16.

Bonds can be used as collateral for loans. The loan-to-value (LTV) ratio is to be set equal to ordinary gold loan mandated by the Reserve Bank from time to time. Know-your-customer (KYC) norms will be the same as that for purchase of physical gold. KYC documents such as Voter ID, Aadhaar Card/PAN or TAN /Passport will be required. The interest on Gold Bonds shall be taxable as per the provision of Income Tax Act, 1961 (43 of 1961) and the capital gains tax shall also remain same as in the case of physical gold. Department of Revenue has agreed to ensure tax neutrality between the purchase of physical gold and investment in the gold bonds. This will require amendments in the existing provisions of the Income Tax act , which will be considered in the 2016-17 Budget. Bonds will be tradable on exchanges/NDS-OM from a date to be notified by RBI..The Bonds will be eligible for Statutory Liquidity Ratio (SLR). Commission for distribution shall be paid at the rate of 1% of the subscription amount.

Gold Coin/Bullion Scheme

The Indian gold coin & bullion is a part of the Gold Monetisation Programme. The coin will be the first ever national gold coin minted in India and will have the National Emblem of Ashok Chakra engraved on one side and Mahatma Gandhi on the other side . Initially the coins will be available in denominations of 5 and 10 grams. A 20 gram bullion will also be available. Initially, 15,000 coins of 5gm, 20,000 coins of 10 gm and 3,750 of bullions of 20 gm will be made available through MMTC outlets. The Indian Gold coin & bullion is unique in many aspects and will carry advanced anti-counterfeit features and tamper proof packaging.

The Indian Cold coin & bullion will be of 24 karat purity and 999 fineness. All coins & bullion will be hallmarked as per the BIS standards. These coins will be distributed initially through designated & recognised MMTC outlets and later through specified bank branches and post offices.

PIB

Be the first to comment - What do you think?  Posted by admin - November 4, 2015 at 6:09 pm

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Designated Post offices to issue Sovereign Gold Bond 2015-16

Designated Post offices to issue Sovereign Gold Bond 2015-16

In continuation of the Press Communiqué dated 30th October, 2015 on Sovereign Gold Bond 2015-16, the Government of India, in consultation with Department of Post, has decided to issue the list of designated Post Offices to issue Sovereign Gold Bond Scheme, 2015. The designated Post Offices are authorized to receive the applications either directly or through agents.

The other terms and conditions will remain same as in the press communiqué dated 30th October, 2015.

Be the first to comment - What do you think?  Posted by admin - at 2:57 pm

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2,590 post offices have core banking facilities

2,590 post offices have core banking facilities

Agartala: Even as the Reserve Bank of India is expected to give Department of Posts (DoP) payment bank licence by September, there are 2,590 post offices in the country with core banking facilities, Communication and IT Minister Ravi Shankar Prasad said today.

“I want to change the profile of the post office by extending its service to the poorer section of the people. We have applied for a payment bank licence with the RBI to bring a large section of unbanked populace of the country into the banking space,” the Union Minister said.

There were only 236 post offices under core banking facilities, but after the current NDA government came to power last year, 2,590 post offices have now core banking facilities, he said.

The minister today dedicated the core banking service of Agartala Post Office and laid the foundation stone for Dimapur Mukhya Dak Ghar in Nagaland here by remote control.

At present, post offices offer savings bank accounts, but cannot have credit or overdraft facilities.

Under payment banking licence an entity would be allowed to accept deposits, facilitate remittances and payments, but cannot lend.

“I want Indian post offices to have all modern and digital facilities. I want a person working at a metropolitan city get the facility to remit money to his mother through the post office. I want women working in village community centres get medical facilities by digitally linking them with good doctors,” he said.

The minister said the Centre wants to convert the country into a Digital India where a poor person can use smartphones and avail all modern facilities.

“At present there are 98 crore mobile phones, which will cross 100 crore soon and there are 30 crore internet connections in the country, which will also increase with the growing demand,” Prasad said adding, all gram panchayats in the country would be connected with optical fibre connections.

PTI

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Money Order Service Continues with Addition of Online Money Transfer

Money Order Service Continues with Addition of Online Money Transfer

The Department of Posts has denied some media reports that its Money Order service has been discontinued. The Money Order service continues to be available to the common man at the same service charge with the same facility of the money being delivered at the door step of the addressee. The Department in a clarification further said that this service had been made more reliable and fast by communicating information about the money to be transferred electronically between the booking and delivery post office. Thus, the money reaches faster to the addressee. The nature of service remains the same and it is also being called an electronic Money Order or eMO.

Department of Posts also has another service offering instant online Money transfer service called as Instant Money Order (iMO), where the receiver can receive payment in cash through Post Office.

Source: PIB News

Be the first to comment - What do you think?  Posted by admin - April 16, 2015 at 4:25 pm

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Sale of PENTAMOBILES Phones available now at Post Offices – Postal Department

Mobile Phones available now at Post Offices – Department of Posts has tied up with Pantel Technologies

SALE OF PENTAMOBILES AT IDENTIFIED POST OFFICES

SALE OF PENTAMOBILES

The Department of Posts has tied up with M/s. Pantel Technologies Private Limited for sale of ‘PF 301 – Bharath Phone’ through identified Post Offices in Tamilnadu. Initially the scheme has been launched at 400 Post Offices across Tamilnadu, with effect from 02.03.2015.

PF 301 Bharath Phone is a dual sim phone with 2.8” screen size and built in internet access. The cost of the phone is Rs.1,999/-, with a free talk time of 1999 minutes on BSNL network. The existing BSNL sim can also be recharged with this Damaka Plan.The phone instrument comes with a one year warranty. The phone has the modern features such as Whatsapp, Bluetooth, mobile tracker, torch, internet browsing, etc.

A model phone will be available at all the identified Post Offices for the public to view before their purchase. The public are requested to make use of the opportunity to purchase the mobile phone with exciting features and offers at a very nominal price!

India Post has tied up with M/s. Pantel Technologies Private Limited for the sales of their Bharath Phone through Post Offices and whereas M/s. Pantel Technologies Private Limited will take care of all the other matters like services and complaints.

Click here to download the list of Post Offices selling Bharath Phones

Be the first to comment - What do you think?  Posted by admin - March 10, 2015 at 11:19 am

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Savings Bank allowance to Postal Assistants – Orders issued by Department of Posts

Grant of Savings Bank allowance to Postal Assistants working in Savings Bank/Certificate Branches – clarification by Department of Posts

SB ORDER No.13/2014

F.No. 113-07/2010-SB
Government of India
Ministry of Communications & IT
Department of Posts
(F. S. Division)

Dak Bhawan, Sansad Marg,
New Delhi – 110001
Dated: 24.12.2014

To,
All Heads of Circles/ Regions,
Addl. Director General, APS, New Delhi

Subject : Grant of Savings Bank allowance to Postal Assistants working in Savings Bank/Certificate Branches – clarification reg.

Sir/ Madam,

It has come to notice of this office that some Circles are giving SB allowance to those who have completed one year service and are working in SB / SC branch after qualifying the SB Aptitude Test and some Circles are interpreting it as if the eligibility to appear in the Aptitude Test is completion of one year service but the eligibility for getting SB Allowance is completion of five years service even if the Aptitude Test has been qualified after completion of one year of service and the official is working in the SB / SC Branch.

2 To clear the confusion of circles, the grant of SB allowance at prevailing rates approved by Ministry of Finance, Department of Economic Affairs, to those officials who have passed SB aptitude test after issue of SB Order dated 23.08.2011 with one year service condition and their services are utilized in SB/SC branch of Post Offices has been allowed.

This issues with the concurrence of JS & FA and with the approval of Secretary (Posts).

Yours faithfully,

sd/-
(K. Ramalingaiah)
Assistant Director (SB-I)

Source: www.indiapost.gov.in

 

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Awareness Programme Under Pensioner’s Portal

Press Information Bureau

Government of India
Ministry of Personnel, Public Grievances & Pensions

02-June-2014 15:31 IST

Awareness Programme Under Pensioner’s Portal

The Department of Pension and Pensioners Welfare, Ministry of Personnel, Public Grievances and Pensions is implementing a web based mission mode project on pensions namely Pensioner’s Portal under the National e-Governance Plan. Under the project, the Department has Centralized Pension Grievances Redressal and Monitoring System (CPENGRAMS). The Awareness Programme will be chaired by Mr. Sanjay Kothari, Secretary of the Department.

The Department is proposing to conduct the Awareness Programme for Pensioners in and around Dehradun on June 07, 2014 at Wadia Institute of Himalayan 33, Dehradun. The mobilization of the pensioners will be done in association with Government pensioners Association, Dehradun which is the identified pensioner’s Associations under the Pensioner’s Portal.
The basic objective of the project is to facilitate redressal of Pensioners’ Grievances as also to provide information and guidance to pensioners on various pension and retirement related matters. User Ministries/Departments, Pensioners, Banks, CGA.CPAO, Post Offices etc. are the stakeholders in this venture aimed at welfare of the Pensioners.

With a view to providing know how about the operational aspects of this portal and the grievances redressal mechanism in particular, the Department of Pensions is conducting Awareness Programme at different stations in the country. So far such programmes have been conducted at Chandigarh, Bangalore, Bhubaneswar, Pune, Lucknow, Thiruvanthapuram, Kolkata and Jallandhar for Pensioners/Pensioners’ Association who are major stakeholders.

Be the first to comment - What do you think?  Posted by admin - June 3, 2014 at 4:08 am

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Department of Posts: Post Bank

Department of Posts: Post Bank

Department of Posts has proposed to set up a Post Bank of India. This will be an independent entity, separate from the current operations of Small savings Schemes being carried out by the Department on behalf of Ministry of Finance. The Department of Posts has accordingly submitted an application to the RBI on 28.06.2013 seeking a banking license subject to necessary Cabinet approvals.

The details of financial services offered by the Post offices at present are as below:-

(1)         Small Savings Schemes of Government of India (on behalf of Ministry of Finance)

(i)  Post Office Savings Account
(ii) Post Office Time Deposit Account
(iii) Post Office Recurring Deposit Account
(iv) Post Office Monthly Income Account
(v) Senior Citizens Savings Scheme Account
(vi) Public Provident Fund Account
(vii) National Savings Certificates (VIII)  and (IX) issue

(2)   Money Remittances

(i) Money Order-Domestic
(ii) Instant Money Order- Domestic (through selected post offices)
(iii) Western Union Money Remittances –International Inward (through selected post offices)
(iv) MoneyGram Money Remittances –International Inward (through selected post offices)
(v) Money Order Videsh- International Inward and Outward (through selected post offices)
(vi) Electronic International Money Order Service-Inward (through selected post offices)

This information was given by Dr. Smt. Killi Kruparani, Minister of State for Communications and Information Technology in a written reply to a question in the Lok Sabha today.
Source : PIB Release, 14 August, 2013

Be the first to comment - What do you think?  Posted by admin - August 14, 2013 at 5:49 pm

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Post Offices: Computers and Internet Facilities in Post Offices

Post Offices: Computers and Internet Facilities in Post Offices

As on date, 24,969 Departmental Post Offices have been computerised. Out of 24,969 computerised Departmental Post Offices 22,177 Post offices are having internet connectivity.

In Rajasthan Circle, 1320 Departmental Post Offices have been computerized and out of these 1320 computerized Post offices 1299 have internet facility.

The Government has approved IT Modernization Project of Department of Posts. It involves computerization and networking of all Post Offices through network integrator of the project including Branch Post Offices in the rural area. The roll out of the Project is expected in the year 2013-14 subject to finalization of the Request for Proposal (RFP) for Rural Hardware, timely implementation of the project and availability of funds.

This was stated by Shri Sachin Pilot, the Minister of State in the Ministry of Communication and Information Technology in response to a written question in Rajya Sabha today.

Be the first to comment - What do you think?  Posted by admin - August 24, 2012 at 5:51 pm

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