“Forward ever, backward never: onwards with Breaking Through”

21/08/2015
New Holiday Home in Chennai
Government of India
Department of Posts
For Postmaster General
Chennai City Region
Chennai- 600 002
NO: WLF/2-304/HH/Tambaram/2015/CCR dated at Chennai the 18.08.2015
New Holiday Home in Chennai
A New Holiday Home at Chennai located in the BPC, Railway Station premises of Tambaram was declared open by Dr. Charles Lobo,,Chief Postmaster General, Tamilnadu Circle on 15.08.2015.
The new Holiday Home opened at Tambaram Railway station will cater to the needs of the officials who are coming to Chennai from different parts of the country for various purposes. All South Bound trains pass through Tambaram and stop at Tambaram Railway Station. The Holiday Home is easily accessible by suburban trains also.
It is hoped that the Holiday Home at Tambaram will be fully utilized by the staff in general and lower grade officials in particular.
The Holiday Home at Tambaram consists of one Family room, two dormitories besides kitchen, and dining hall . It can accommodate a total of 10 persons. SSPOs, Tambaram division is the controlling officer and will do the reservation for accommodation.

DoP got payments bank license. Let's see Dos and Don'ts of payments banks


Dos of payments banks

* Has to use the word ‘Payments Bank’ in its name to differentiate from other banks * Accept demand deposits, i.e., current deposits, and savings bank deposits from individuals, small businesses and other entities

* To hold a maximum balance of Rs one lakh per individual customer.

* Will be allowed to set up branches, ATMs, BCs

* Allowed to issue debit cards also offer internet banking

* Can accept a large pool of money to be remitted but at the end of the day the balance should not exceed Rs one lakh

* Can accept remittances to be sent to or receive remittances from multiple banks

* Permitted to handle cross border remittance transactions in the nature of personal payments / remittances on the current account

* Allowed to distribute mutual fund products, insurance products and pension products

* Bank can also undertake utility bill payments

Don’ts of payments banks

* No NRI deposits should be accepted

* Cannot issue credit card

* Not allowed to set up subsidiaries to undertake non-banking financial services activities

* Other financial and non-financial services activities of the promoters should not be mingled with the working of payment banks

 Initiatives to be undertaken for promotion OF POSB schemes-reg.
 


F.No.63-01/2015-SB
Government of India
Ministry of Communications & IT
Department of Posts
(F.S. Section)
                                                                        Dak  Bhawan, New Delhi
                                                            Dated: 30.06.2015
To
            Shri R.N. Parashar
            Secretary General
            National Federation of Postal Employees (NFPE)
            1st Floor, North Avenue Post Office Building
            New Delhi-110 001

            Shri D. Theagarajan
            Secretary General
            Federation of National Postal Organization (FNPO)

Sub: Initiatives to be undertaken for promotion OF POSB schemes-reg.

D.G. Posts letter No. F.No. 63-01/2015-SB dated 30.06.2015.

Sir,
            The undersigned has been directed to forward herewith a copy of letter No. F. No.63-01/2015-SB dated 30.06.2015 on the subject cited above.

2.         It is, therefore, requested to disseminate the contents of the aforesaid letter through your newsletters/magazines among all the members for taking active participation in the initiatives to be undertaken for promotion of POSB Schemes and fulfillment of mandate of financial Inclusion in rural India.
Sd/-
L.K. Sinha
AGD(FS-I)
F.No.63-01/2015-SB
Government of India
Ministry of Communications & IT
Department of Posts
(F.S. Section)
                                                                                                Dak  Bhawan, New Delhi
                                                                                    Dated: 30.06.2015
To
            All Heads of Circles,

Sub:    Initiatives to be undertaken for promotion OF POSB schemes-reg.

            This is regarding promotion of Post Office Savings Schemes to meet the financial inclusion mandate in the rural areas. There are some initiatives which may promot the opening of POSB accounts. Some of the steps to be taken are suggested as blow:

i.          PO staff salary and wages accounts can be opened in the Post Offices with cheque facilities. The PO staff can continue to keep their bank accounts and enjoy loan and card facilities by simply issuing the POSB cheque towards their bank accounts and transfer whatever amount and may carry on banking activities.
ii.         All staff (Departmental, GDS/contingency paid and outsiders) may be paid salary and wages through POSB accounts.
iii.        POSB accounts may be opened in the name of social security beneficiaries (OAP) for crediting the social security benefits into their respective accounts. (SOP enclosed).
iv.        POSB accounts may be opened in the  name of Landlords who have  given  their building on rent to the Post Offices, for crediting the monthly rent to be paid to them.
v.         POSB accounts may be opened to all the pensioners who are getting pension from the Post Offices for crediting their monthly pension in their respective accounts.
vi.        Maturity payments to RD, TD,PPF,PLI,RPLI etc. may be paid  through POSB accounts. Postmasters may be instructed to persuade the customers to take payment through POSB accounts.
vii.       Delivery staff may be motivated to carry SB-3 application forms and receipt book so that they may bring in at  least one account per day.
viii.      A few GDS may be appointed exclusively to work as pygmy collectors from 5 PM to 9 PM in the whole  sale or retails  market area collecting daily cash from small vendors (Vegetable vendors,Hawkers, Petty shops/stores etc). SOP is enclosed with a certain arrangements of solidity and amenability to monitoring.
ix.        Deceased claim cases settlement and payments may be routed through POSB accounts, Beside this all  discharge payment of certificates can also be routed through POSB and no coercion shall be used.
x.         Opening of POSB accounts by the proponents of PLI/RPLI and Identification of POSB promoters in each Division to exclusively promote POSVB Schemes.
xi.        Under the Member of Parliament  village adoption programme, the entire village may be got covered-“Samporna Bachat/Bima/Sukanya Scheme “ with necessary support from the concerned Hon`oble Member of Parliament.
xii.       Advance SMS may be sent in case of maturity instrument and request be made to the customer to open SB account.
xiii.      Reinvestment by the existing customers may also be ensured.
xiv.      The SB account can be opened in CBS Post Office without taking KYC documents  again, if the earlier investment /account  opening has been done  after obtaining KYC documents. It will get linked to CIF, SB Account can be opened at the time of maturity of any instrument/investment also, if before maturity, KYC documents are to be collected, wherever applicable. A single AOF form will have to be filled.
xv.       As per prevailing banking practice, having SB account  has many benefits. Internet Banking, Debit card etc. facilities will also become available in all CBS Account for easy fund transfer to/from other accounts/instruments, held by him.
These issues with the approval of Member (Banking & HRD)
                                                                                                  Sd/-
                                                                                                 (Sachin Kishore)

                                                                                                    Director (FS)