What is the present rate of interest for SB Accounts
|
Whether any nomination facility is available for Savings Bank Account in Post Office
Yes Nomination facility is available for all individual accounts except in Minor accounts
|
Whether a minor can open a saving account
Yes, If he is of 10 years of age he can open account other wise guaridan can open for him
|
Whether Introduction is compulsory for Open SB account
Yes , Introduction of the depositor is compulsory for Individual accounts unless the depositor is known to the post office
|
Whether there is any Limit for deposit in SB account
From 01.10.2011 onwards , there will be no limit for retaining balance in single as well as Joint accounts
|
What is the minimum balance of cheque account for SB account
500/-
|
What is the minimum amount of deposit in RD account
Rs 10/-
|
Whether a RD account can be continued after maturity period
Yes it can be continued for a further period of five years from date of maturity
|
Then what is the rate of interest of matured for post maturity period in RD accounts
The depositor shall be entitled to a simple interest at the rate applicable time to time to PO savings account from the date of maturity till the date of payment
|
Whether there is any Premature closure is allowed for Recurring Deposit (RD)
Yes , Premature closure is permitted on completion of three years from the date of Opening
|
What is the present rate of interest rate of 1,2,3,5 year Time Deposit (TD) accounts
For 1 and 2 Year 8.20 % per annum For 3 year 8.30 % Per annum and 5 year 8.40 % per annum
|
Whether any limit is exists for open TD accounts in case of no of accounts
No , Any number of TD accounts can be opened
|
Whether any facility for transfer annual interest of TD accounts to my Savings account
Yes Annual interest can be automatically credited to Savings account
|
What is the rate of interest allowed at the time of Post maturity for TD accounts
Post maturity interest shall be allowed at SB rate
|
What are the conditions for premature closure for TD accounts
Premature closure of the account is permitted on some conditions
In case of premature closure TD accounts of 1,2,3 and 5 Years accounts . if deposit is withdrawn after six months , but before the expiry of one year from the date of deposit , simple interest at the rate applicable from time to time to PO savings account shall be payable
In case of premature closure on or after 01.12.2011 , if the deposit is withdrawn after expiry of one year from the date of deposit , interest on such deposit shall be calculated at the rate , which shall be one percent less than rate specified for a period of deposit of 1 year, 2 years and 3 years
|
What is the maturity period of Monthly income Scheme (MIS)
The maturity period of MIS on or after 01.12.2011
|
What is the minimum and maximum amount for open a MIS account
Minimum amount of deposit is Rs 1500 and in multiples of Rs 1500/- Maximum amount is Rs 4.5 Lakhs in the case of Single account and 9 lakhs in the case of Joint account
|
What is rate of interst for MIS accounts
From 01/04/2013 the rate of interest for MIS accounts is 8.4 % per annum
|
What is the rate of bonus which is applicable for MIS account ?
No Bonus will be paid for the accounts opened from 13/02/2006 to 07/12/2007
5 % Bonus is payable for the accounts opened on or after 08.12.2007.
There shall be no bonus admissible on maturity in the accounts opened on or after 01.12.2011
|
Whether premature closure is allowed for MIS , If so then what are the conditions for that
Yes, If the account is closed before three years an amount equal to two percent of the deposit shall be deducted and If the account is closed after three years an amount equal to one percent on the deposit amount shall be deducted .
|
What is the period for Senior Citizens savings scheme
Five Years
|
Who can open SCSS account ?
Any individual who has attained the age of 60 years on the date of opening or who has attained the age of 55 years or more but less than 60 years and who has retired on superannuation or otherwise on the date of opening of an account under these rules subject to the condition that the account is opened by such individual within one month of the date of receipt of the retirement benefits along with a certificate from the employer indicating the fact of retirement on superannuation or otherwise , retirement benefit and period of such employment with the employer is attached with the supplication form
|
Whether the joint account is permitted in the case SCSS account , If so what is the condition
Yes ,Joint account is opened with the spouse only and not with any other person ,
In the case of joint account the age of first applicant ie depositor is the only factor to decide the eligibility and there is no age bar/limit for second applicant
|
What is the present interest rate of SCSS account
9.2 % per annum
|
Whether the Premature closure is allowed in SCSS account
Yes, It is allowed after one year from the date of opening
After one year and before 2 years from the date of opening Deduct 1.5 % from Depost amount If the account is closed after two years Dedcut 1 % from the deposit
|
Prepared by S Jayachandran , System Administrator , Mavelikara Head Post Office , 690101- Kerala- Mob No 9961464279
Please visit our blog http://postalguide100.blogspot.in
&
http://nfpemavelikaradivision.blogspot.com
|
If any suggestion , opinion and queries , please intimate by email Email id
|
SO FAR VISITED
Sunday, August 18, 2013
FAQ for Post office Savings Bank Account - A study material for various Examination
Saturday, August 17, 2013
Infosys to supply software for India Post’s hand-held device
IT-major Infosys, which bagged the India Post contract last year to upgrade the department’s technology framework for financial services, is in its final stages of providing a software solution for a hand-held device to be used by the postal network. The device will help it deliver an array of financial products directly to the consumers even in the most remote areas.
The hand-held technology device to be used by the postman will ensure last-mile connectivity for banking transactions of India Post across its over 1.5 lakh branches. The country's second largest IT-services exporter has already developed the necessary software and is waiting for the hardware partner to be finalised, which will be decided by the Department of Posts.
Talking to FE, CN Raghupathi, head, India business unit, Infosys, said, “The idea is to make India Post a modern bank where the postman becomes a banking correspondent where he can do banking transactions with the hand-held device.”
Infosys bagged the multi-year deal from Department of Posts in August, 2012, valued at around R700 crore to bring about a technological transformation. Under the deal, Infosys will implement its core banking solution, Finacle and McCamish insurance product, which will connect 150,000 post offices and cover 200 million customers with India Post's Financial Services System Integration plan.
The ambitious India Post 2012 vision has certain key objectives such as modernisation and computerisation of all post offices, development of robust software systems, creating data centres and deployment of rural information communication technology infrastructure in over 1.3 lakh
Source : Financial Express
Thursday, August 8, 2013
A set of Model questions from Post office Guide Part I- Study material for various Departmental Examination
Please visit
Http://nfpemavelikaradivision.blogspot.in
|
1. The Mobile
post office is
not functioning in
which city mentioned
below
A Bombay
b. Calcutta c.
Delhi d Trivandrum
|
2.
The device
is a stamping machine
intended to stamp
impressions of dies
of approved design
on private and official
articles in payment
of postage and
postal fees. What
is the name
of that device
?
a.
Electronic
stamping machine b
Automatic stamping machine
c EPBX d Franking machine
|
3. The use of franking machine
except under a valid
licence issued by
---------------
a CPMG b
PMG c Business Executive d Head
of the Postal
Division
|
4. The franking machine must
be obtained by
the licence only
from the firm
authorised by the
licensee only from
the firm authorised
by the Director
General of Posts
The above
said statement is
true or false
A
True b
False
|
5 Wherever
the licensee wishes to
deposit any sum in
advance and to
have the meter
of the machine
reset then
what he will
produce ?
a
Franking Machine and machine
details b Franking
Machine and related
documents c Franking
machine documents only
d Franking
Machine with the
Franking Machine record
book
|
6 The facility
of pre-payment of
Postage charges in cash
is available
for ---------------and
----------
a Register red News Papers and unregistered packets
b Registered parcels
and unregistered packets
c Insured letter and registered
news papers d
None of these
|
7 The manufacture
and use of
fictitious postage stamps
for any purpose
whatsoever is prohibited
and is an offence
punishable under section
-------------- of the
Indian Penal code
.
A
263- A b
273 c 273-A
d 263
|
8 A copy of Gazette Notification No 58(E) dated
31.1.2011 deleting the Rule 195 of the Indian Post Office Rules, 1933
regarding ----------------------
A
'Certificate of Posting b
discontinuation of KVP
c Both a and b
d None of these
|
9 What are the
articles treated as
first class mail ?
A Registered News Papers
and sample packets
b Book Packets
and sample Packets
c Postcards , Blind Literature
, sample packets d Letters , Post Cards and
letter cards
|
10.
Reproduction of stamps
is allowed for illustration purpose in Philatelic
publication or in an
article or section relating
wholly to postage stamps
which may appear
in publication of
a general character.
The above
said statement is
true or False
a True
b False
|
11 How many denominations of
postal orders are
now available at
the post office
for the sale
A 8 b
7 c 6 d
None of these
|
12 What
is the commission chargeable for postal
order for Rs
100/-
a 5 b
2 c 3
d 10
|
13 If
an Indian postal order is
not presented for
payments within -----------
months from the
last day of
the month of
issue a second
commission at the
rates prescribed will
be charged which
must be paid
in --------------
A 12 Months
and Paid in
postage stamps b 24 months
and paid in
postage stamps c 6 months
and paid in postage
stamps d None
of these
|
14 When a
postal order is treated
as forfeited ?
A
Payment more
than 36 months after the
last days of the month of issue
B Payment
more than 24 months
after the last
days of the
month of issue
C Payment more
than 12 months after
the last days
of the month of
issue
D None of
these
|
15 The
purchaser of an Indian
Postal order can obtain
repayment of the
value and commission
The following
statement is true
or false
a
True
|
Prepared by
S Jayachandran, System Administrator , Mavelikara
Head Post office
690101-
9961464279
|
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