An Organisation for the welfare of postal employees

Saturday, January 28, 2012

Clarification regarding default fee in RD and calculation of Post Maturity Interest

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: 20.01.2012

CORRIGENDUM-III

To
All Heads of Circles/Regions

Subject:- Clarification regarding default fee in RD and calculation of Post Maturity Interest.

Sir / Madam,
The undersigned is directed to refer to this office letter of even number dated 13.12.2011 (SB Order No.31/2011) and Corrigendum-I issued on 20.12.2011 and Corrigendum-II issued on 02.01.2012 on the subject. This office is still receiving phone calls regarding charging of default fee in RD from 1.1.2012 under modified rules and calculation of PMI. Following further clarifications are issued on the subject:-

In case of RD

Since the rule of default fee and the software have not been amended, no default fee is to be charged if the above rule is not followed till the rule and software is amended. Default fee provision will remain the same. This rules has been got modified to avoid rush of RD work in the last week of a month. Amendment in the rule for charging default fee shall be taken up with Min. of Finance once the work of putting stamps on all the RD Passbooks is completed and depositors become familiar about the change.

In case of PMI

It is further clarified that PMI is to be calculated for the complete month from the date of maturity and remaining part of the month is to be ignored. Revised example is given below:-

"if an account was matured on 26.8.2009 and the depositor attends the post office on 30.01.2012, he/she will be paid PMI at the rate 3.5% from 26.08.2009 to 25.12.2011 (28 complete months) and at the rate 4% from 26.12.2011 to 25.01.2012 (one complete month). Period from 26.1.2012 to 30.1.2012 (being part of month) will be ignored."

Yours faithfully,
Sd/-
Kawal Jit Singh
Assistant Director (SB)


Revision of maximum sum assured in respect of PLI/ RPLI


(i) The amount of maximum or aggregate sum assured in respect of PLI will be Twenty lacks instead of Ten lakhs.

(ii) The amount of maximum or aggregate sum assured in respect of RPLI will be Fivelacks instead of three lakhs.



No. 25-3/ 2003-Ll
Government of India
Ministry of Communications & IT
Department of Posts
Directorate of PLI
Chanakyapuri
New Delhi - 110021
Dated: 17.01.2012.

NOTIFICATION

The President is pleased to make the following amendments to "Post Office Life Insurance Rules - 2011" published on 28th April, 2011in Gazette of India No. 85 (Part-1 Section-1 Extraordinary).

(a) The amount of maximum or aggregate sum assured mentioned as Rs. Ten lac (Rs. 10,00,000/-) in Rules No. 7, 14 and 17(e) may now be read as Twenty lac (Rs. 20, 00, 000/-) in respect of PLI.

(b) The amount of maximum or aggregate sum assured mentioned as Rs. Three lac (Rs. 3,00,000/-) in Rules No. 9(a), 10(a), 15 and 17(e) may now be read as Five lac (Rs. 5, 00, 000/-) in respect of RPLI.

The amendments shall be effective from the date of issue of this Notification.


Sd/-
Shekhar K Sinha
Chief General Manager (PLI)



Monday, January 23, 2012

Grant of Cycle Maintenance Allowance to Postmen

File No. 1-02/ 2012-PAP
Government of India
Ministry of Communications & IT
Department of Posts
(Establishment Division)
Dak Bhavan, Sansad Marg, New Delhi - 110116

17th January, 2012
OFFICE MEMORANDUM

Subject: Grant of Cycle Maintenance Allowance to Postmen reg: -


The undersigned is directed to say that the issue of grant of Cycle Maintenance Allowance to Postmen without any limitations of distance of their beats has been under consideration of a committee on special allowances, headed by Shri Santhosh Gauriar, Chief Postmaster General. Madhya Pradesh Circle.

2. The reccomendations of the committee have been examined in consultation with the Integrated Finance Wing of the Department and the competent authority is pleased to approve that all the postmen, who are utilizing cycles for deliver of mails, be granted Cycle Maintanance Allowance without any distance criteria, after the due approval of the Divisional Heads concerned subject to satisfaction of prescribed conditions. This will be further subject to strict adherence to the instructions on rotation of postmen beats.

3. These orders shall take effect from the date of their issue.

4. This has been vetted by the departmental IFW vide their dairy No. 20/FA/ 12/ CS dated 17.01.2012.


Sd/-
Surender Kumar
Asst Director General (Estt)


Grant of Travelling Allowance & Daily allowance to Mail Overseers in place of night halt allowance reg

File No. 1-02/ 2012-PAP
Government of India
Ministry of Communications & IT
Department of Posts
(Establishment Division)
Dak Bhavan, Sansad Marg, New Delhi - 110116

17th January, 2012
OFFICE MEMORANDUM

Subject: Grant of Travelling Allowance & Daily allowance to Mail Overseers in place of night halt allowance reg: -


The undersigned is directed to say that the issue of granting full travelling and daily allowances to the Mail Overseers in this Department has been under consideration of a committee on special allowances, headed by Shri Santhosh Gauriar, Chief Postmaster General. Madhya Pradesh Circle.

2. The reccomendations of the committee have been examined in consultation with the Integrated Finance Wing of the Department and the competent authority is pleased to accept the reccomendation as below:

(i) The Mail Overseers will be entitled to normal travelling and daily allowances for their journeys beyond eight kilometers from their headquarter stations and reimbursement of actual travelling expenses for their journeys within the sphere of eight kilometers from their headquarter stations, in accordance with the Fundamental and Supplementary Rules (Part II:TA Rules).

(ii) The existing night halt allowance payable to the mail overseers, is ordererd to be withdrawn with immediate effect.

3. These orders shall take effect from the date of their issue. Expenditure on the TA and DA of the mail overseers shall be debited to the normal Travelling Allowance Expenditure Head of the concerned Units/ Divisions and be met from their sanctioned grants.

4. This has been vetted by the Departmental IFW vide their dairy No. 21/ FA/ 12/ CS dated 17.01.2012.


Sd/-
Surender Kumar
Asst Director General (Estt)