interest rate 01.04.2013

Changes in interest rates on PPF, NSC, postal deposits from 01.04.2013

The Finance Ministry has cut interest rate on PPF (Public Provident Fund) and National Savings Certificates (NSC)  by 0.1 percent to 8.7 percent and 8.5 percent, respectively.

The changes are effective from 1 April 2013. The earlier PPF rate was 8.8 percent while rate of NSC was 8.6 percent.

The ministry has also cut interest rate on five-year postal recurring deposits to 8.3 percent but has kept the savings deposit rate unchanged at 4 percent.

The finance ministry, however, has left savings deposit rate and one-year time deposit unchanged.

The government is still trying to protect small investors, the ministry said adding “G-Sec (Government securities) rates have fallen more sharply than reduction in small saving instruments.”

Tenure posting of officials in single handed & double handed post offices

 To view the copy of order issued by Postal Directorate, please 

                                                                  CLICK HERE

Status of your application for Direct PA/SA Recruitment

You  can   check  your  application  status  through  the  India post  web  site ( www.indiapost.gov.in)              To   check  your  application  for  PA/SA  Examination   Please  click                            Check     Your  Application  Status

A New vision for Postal department

   New  plan for department  of  Posts   has  been  prepared by  Directorate of   Post

   To   View  this  slide  

   Please  click

                     

  Plan  for  future of  Postal  department 

Holding PA/SA Direct Recruitment for the vacancies 2011 and 2012 - tentative schedule

Holding PA/SA  Direct  Recruitment for  the vacancies 2011 and  2012 - tentative  schedule  The  examination  is  proposed  to  be  held  in  three  phases  with  dates as follows Phase              Date of  examination 1                   April  21 2013 II                  May  05  2013 III                 May  19 2013
PC  CODE	Postal  Code	Phase	PC  CODE	Postal  Code	Phase	PC  Code	Postal  Code	Phase
16	Gujarat	I	12	Assam	II	15	Delhi	III
21	Kerala	I	23	Madhya Pradesh	II	17	Hariyana	III
22	Karnataka	I	14	Chattisgarh	II	18	HP	III
24	Maharashtra	I	20	Jarkhand	II	19	J& K	III
11	Andhra Pradesh	I	25	North  East	II	27	Punjab	III
29	Tamil Nadu	I	26	Odhisha	II	28	Rajasthan	III
			32	West Bengal	II	30	UP	III
						31	U K	III
						13	Bihar	III
Please  visit    http://postalguide100.blogspot.in   to  get more  help for all  competitive examination

Images from - All India Postal Employees Union Group C Conference - Trivandrum -March 10-13

29th All India Conference-- 2013 March -10,11,12

Enhancement of limit of verification of withdrawal at Single Handed Post Office and BOs

Directorate vide SB order No. 2/2013 dated 26/2/2013 has enhanced the limit of verification of savings Bank withdrawals at Single Handed Post Office and BOs from Rs. 5000/- to Rs. 10000/- w. e f. 1/3/2013. To  see  Please  click         ORDER

EPFO increases interest rate to 8.5% for 2012-13

Retirement fund body EPFO on Monday decided to pay 8.5 per cent interest rate to its over 5 crore subscribers on their PF deposits for 2012-13, higher than 8.25 per cent provided in the previous fiscal.

The decision was taken at the meeting of the Central Board of Trustees (CBT), the highest decision making body of the Employees’ Provident Fund Organisation (EPFO).“A decision has been taken to pay 8.5 per cent interest on PF deposits ... but we have expressed our reservations as we wanted higher interest rate,” said D L Sachdev, secretary All India Trade Union Congress (AITUC) after the CBT meeting.

Earlier, a note prepared by EPFO for consideration of the February 15 meeting of the Finance and Investment Committee (FIC) had said, “... 8.5 per cent rate of interest for the year 2012-13 is feasible.”

According to the EPFO’s estimates, payment of 8.6 per cent interest rate would result in a deficit of Rs 240.49 crore whereas 8.5 per cent interest rate on PF deposits for current fiscal would leave a surplus of Rs 4.13 crore.

In FIC meeting held on February 15, union leaders refused to discuss the issue regarding payment of interest in the current fiscal because the agenda note for the issue was not provided well in advance to them, sources said, adding the note was tabled during the meeting.

They had said the EPFO’s estimates would now be directly tabled before CBT meeting held today, for final approval.

The notification on interest rate is issued by the government after concurrence with the Finance Ministry.

Usually, EPFO announces interest rate at the beginning of the year, but there has been a delay this time. Trade unions have been pressing for an early meeting of the CBT to decide on the interest rate for the current fiscal.

EPFO had paid 8.25 per cent interest to its subscribers for 2011-12, lower than the 9.5 per cent disbursed in 2010-11.

India Post plans to enter banking businsess

The Indian postal department plans to enter the banking business with RBI deciding to grant new bank licences to entities with credible track-record. Sources said the Department of Posts, which a strong foot print in rural areas, has appointed Ernst and Young as consultant for proposed 'Post Bank'. "Ernst and Young is expected to submit detailed project report by April 2013, after which all necessary measures will taken up to apply for banking licence," a source at Ministry of Communications and Information Technology said.  Sources added that Department of Post (DoP) may need Cabinet approval for setting Post Bank of India. The Reserve Bank of India on Friday issued the much-awaited guidelines for new banking licences. Among other terms, new banks should open at least 25 per cent of branches in unbanked rural centres. Of the 1.55 lakh post offices, around 24,000 district offices may be ready to offer banking services in next two years. Post offices are being enabled by core banking solution's connecting nationwide branches as part of a transformative IT project. DoP is in process of setting up 1,000 ATMs. The country has around 90,000 bank branches at present. "Post Bank shall not only take care of the banking needs of the rural poor but shall also converge with micro-insurance and micro-remittance services of the Department of Posts," the source said. The head offices chosen for setting up ATMs covers all the states, with Andhra Pradesh leading the tally at 100 ATMs, followed by Tamil Nadu (92) and Uttar Pradesh (73). As many as 61 ATMs would be set up in Maharashtra, 60 ATMs in Karnataka, 51 ATMs each in Kerala and Rajasthan. As per data shared with Parliament, there were over 26 crore operational small savings accounts in the post offices as on March 31, 2012 having deposits worth Rs 1.9 lakh crore.

Source  http://businesstoday.intoday.in

Entire Postal and RMS services came to a standstill

Entire Postal and RMS services came to a standstill

We (NFPE & FNPO) once again extend our warm greetings and congratulations to all Postal and RMS employees who made the two days nationwide strike a thundering success. About 1,50,000 Postal and RMS offices including Branch Post offices remained closed for two days. About more than five lakhs employees including GDS struck work. Though the strike will be over tonight, the struggle against the anti-worker policies will continue. Let us keep this unity and fighting spirit intact.

Unity for Struggle, and struggle for unity

Thank you, Thank you all

M. Krishnan                                                   D. Theagarajan

Secretary General                                           Secretary General 

 NFPE                                                                FNPO

 

Rates of Honorarium for performing the duties of Observers for conducting LDCE

Postal Directorate, vide order no A.34020/17/2008 - DE dated 13.02.2013, has prescribed the following rates of Honorarium for performing the duties of Observers for conducting LDCE by approved outsourced Agency.

Sl No	Category of Officers	Rate of Honorarium
1	Junior Administrative Cadre	Rs 600/- per session and Rs 800/- per day.
2	STS/JTS  and Other officers	Rs 400/- per session and Rs 600/- per day.

29th AIC “AIPEU GROUP ‘C” - MARCH 10, 11, 12 THIRUVANANTHAPURAM - LOGO RELEASED ON 7th FEBRUARY

29th AIC “AIPEU GROUP ‘C” - MARCH 10, 11, 12 THIRUVANANTHAPURAM - LOGO RELEASED ON 7^th  FEBRUARY BY COM. ANATHALAVATTOM ANANDAN, EX-MLA & STATE PRESIDENT CITU KERALA. COM. M. KRISHNAN, CHQ PRESIDENT AND COM. JACOB THOMAS, GENERAL CONVENOR, RECEPTION COMMITTEE ARE ALSO SEEN. 

Please  visit  http://nfpe.blogspot.in/

Result of MTS Examination has been announced- Mavelikara Division

MTS  Examination  conducted  on  27.01.2013  for   - Mavelikara Division  has been  announced   

M Jaya Mohanan ,  GDSSV  , Mavelikara Head post Office   has been  selected as MTS    

For  NFPE      Hearty Congratulations 

New blog for all type of Postal Examination

Dear Readers

We are decided to  create  a  blog  for  publish study material,model questions,previous years questions of  all  departmental Examination

http://postalguide100.blogspot.in/

we hope  you will  visit this blog  and  put  your  valuable   suggestions

to  visit  the said blog       please click  
     
 Postal Guide 

A set of questions for various departmental Examination - Question Bank

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