Why should you invest in Post Office Schemes - Check the variety

scheme	Interest Rates	Tenure	Investment Denominations and limits	Salient Features	Tax rebate
Post Office Savings Account	3.5% p.a. On individual and joint account	No specific or fix tenure	Min: Rs. 50 Max: Rs. 1 lakh for individual and 2 lakhs for joint account	Cheque facility available	Interest is tax-free u/s 80L
5-Year Post Office Recurring Deposit Account	7.5% compounded quarterly	5 years. Can be renewed for another 5 years	Min: Rs. 10 per month or multiples of Rs. 5 Max: No limit	One withdrawal up to 50% of the balance is allowed after one year. Full maturity value allowed on R.D. 6 & 12 months advance deposits earn rebate.	No tax rebate
Post Office Time Deposit Account	6.25%- 1 year 6.50 - 2 years		Min: Rs. 200 and its multiple thereof Max: No limit	Long-term accounts could be closed after 1 year for discounted interest. Accounts could be closed after 6 months but before a year for no interest. Interest is calculated quarterly but payable yearly.	Investment qualifies fordeduction u/s 80C. Interest is tax-free u/s 80L
	7.25%	3 years
	7.50%	5 years
Post OfficeMonthly IncomeAccount	8% p.a.	6 years	Min: Rs. 1500 per month or multiples of it.Max: Rs. 4.5 lakhs for individual account and Rs. 9 lakhs for joint account	Account if closed after 1 year but before 3 years will suffer a deduction of 2% of the deposit. Account if closed after 3 years will suffer a deduction of 1% of the deposit. On maturity, bonus of 5% on principal amount is admissible	Interest is tax-free u/s 80L
15-year Public Provident Fund Account	8% p.a. compounded yearly	15 years tenure	Min: Rs. 500 in 1 year Max: Rs. 70000 in 1 year Deposits can be made in lump-sum or 12 installments	Withdrawal can be made every year after the 7th financial year. From the 3rd financial year, loan can be availed against PPF. No attachment under court decree order.	Investment qualifies fordeduction u/s 80C. Interest is tax-free u/s 80L
Kisan Vikas Patra	8.4% compounded yearly. Money doubles in 8 years and 7 months	---	No limits. Investment denominations available are of Rs. 100, Rs. 500, Rs. 1000, Rs. 5000, Rs. 10,000, in all Post Offices and Rs. 50,000 in all Head Post Offices.	A single holder certificate can be purchased by an adult. A certificate can also be purchased jointly by two adults.	No tax benefits
National SavingsCertificate (VIII issue)	8% p.a. compounded half-yearly but payable after maturity	6 years	Min: Rs. 100. Also available in denominations of Rs. 100/-, 500/-, 1000/-, 5000 & Rs. 10,000/-. Max: no limit	A single holder certificate can be purchased by an adult.	Investment as well as the interest deemed to be re-invested qualifies for deduction u/s 80C.
Senior Citizens� Savings Scheme	9% p.a.	5 years	Only 1 deposit allowed in multiple of Rs. 1000. Max is Rs. 15 lakhs	Age should be above 60 years or 55 years above if retired under superannuation. Account if closed after 1 year will suffer a deduction of 1.5% interest and after 2 years will suffer a deduction of 1% interest. TDS is made on interest if it exceeds Rs. 10000 p.a.	Investment qualifies fordeduction u/s 80C.

Revised application for settlement of SB claim.

REVISED SB CLAIM FORM - DOWNLOAD

The Postal Staff College-Ghaziabad

The Postal Staff College, India was set up on 27th September, 1977 to meet the training and development need of the managerial cadres of Postal and Accounts and Financial Wings of the Department, to provide leadership in the vocational training of the operative cadres through regional training centres, to undertake research in spheres of management of postal systems, and to build a postal data bank and documentation centre. The College imparts induction training to probationers of Indian Postal Service (Group 'A') & officers promoted to Postal Superintendents Group 'B' cadre. The College also organizes workshops and management and professional programmes for in-service officers and foreign delegates.

Location This was necessary as adequate accommodation was required to enable it to carry out its functions properly and in line with the policy of the Government for decentralization of institutions to decongest the city of Delhi. The new campus is a sprawling compound of more than 16 acres and is located adjacent to the Advanced Level Telecom Training Centre (ALTTC) in the Government of India Offices Complex, Ghaziabad. The college shifted to its present location in Ghaziabad in April 1990 from Sanchar Bhawan, New Delhi. To visit web site of post staff college- Ghaziabad please click

Postal staff college - Ghaziabad

Expected DA from January, 2011.

All Central Government Employees are eagerly waiting to know what will be the increasing percentage of Dearness Allowance from January 2011, because the Dearness allowance is an important component of our salary. As per “Swamysnews”, expected Dearness Allowance from Jan-2011 is 51%.

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Allowances and Advances shall be increased by 25% whenever the Dearness Allowance goes up by 50%

AMENDMENTS TO COMPENDIUM OF RULES ON ADVANCE TO GOVERNMENT SERVANTS 2005 BI-CYCLE ADVANCE RULE 31 (a)ln thc opening clause indicating eligibility, for the words and figures “whose basic pay and dearness pay taken together does not exceed Rs.7. 500 (Rupees Seven thousand five hundred) per month”, the words and figures “whose grade pay does not exceed Rs.2. 800/- ( Rupees Two thousand eight hundred)”. shall be substituted.

(b) In proviso (i) relating to amount of advance admissible, for the words “shall not exceed Rs.l500 ( Rupees One thousand five hundred)”, the words and figures. “shall not exceed Rs.3000/- (Rupees Three thousand)”, shall be substituted. (c) Proviso (iii) relating to recovery of interest has been deleted.

WARM CLOTHING ADVANCE RULE. 35 In Rule 35 relating to amount of Warm Clothing Advance admissible, for the words “shall not exceed Rs.l,5001- (Rupees One thousand five hundred)”, the words and figures, “shall not exceed R.s.3,000/- (Rupees Three thousand )“, shall be substituted. Rule 38 relating to recovery of interest has been deleted.

FESTIVAL ADVANCE RULE. 53 In Rule 53. in clause relating to eligibility for Festival Advance, for the words and figures basic pay and dearness pay taken together does not exceed Rs.12,450 (Rupees TWelve thousand four hundred and fifty) per month”, the words and figures” whose Grade pay does not exceeds Rs.4800/- (Rupees Four thousand eight hundred)” shall be substituted.

RULE58 In Rule 58 relating to amount of Festival Advance admissible, for the words “shall not exceed Rs.1500 (Rupees One thousand five hundred)”, the words and figures “shall not exceed Rs.3.000/- (Rupees Three thousand )“. shall be substituted.

NATURAL CALAMITY ADVANCE

RULE 66 In Rule 66 relating to amount of Natural Calamity Advance admissible, for the words “shall not exceed Rs.2,500/- (Rupees Two thousand five hundred)”, the words and figures” shallnot exceed Rs.5.000 (Rupees Five thousand)”, shall be substituted.

Note: I Rule 38F A- 38F relating to Table Fan Adance deleted. II The rates of these advances shall be increased by 25% whenever the Dearness Allowance payable on revised pay struture goes up by 50% No. 12(1 )IE.II(A)12008 Government of India Ministry of Finance Department of Expenditure E.II(A) Branch New Delhi, the 7th October, 2008 OFFICE MEMORANDUM Subject: Grant of advances Sixth Pay Commission recommendations- Amendment to Rules 31, 35, 38,53,58,66 of Compendium of Rules on Advances to Government Servants The undersigned is directed to say that in pursuance of the decision taken by the Government on the Sixth Pay Commissions recommendations relating to advances, the existing provisions of Compendium of Rules on Advances 31.35.38.53.58,66— relating to advances for purchase of bicycle, warm clothing, table fan and advances for festival and natural calamity are amended as per the amendments attached 2. These orders will take effect from the date of issue. The cases where the advances have already been sanctioned need not be reopened 3 The advance for purchase of table fan will stand discontinued. The advances for purchase of warm clothing and bicycle granted/sanctioned after issue of this order shalt be treated as interest free advances 4 The rates of these advances shall be increased by 25% every time dearness allowance on revised pay bands increases by 50% 5. In so far as persons serving in Indian Audit and Accounts Department are concerned. these orders issue in consultation with the Comptroller and Auditor General of India 6. All the Ministnes/DePartrnefltS are requested to bring the amendments to the notice of all its attached and subordinate offices for their information 7. Hindi version of this O.M will follow. (Suchindra Misra) Director

DETAILS OF EXAMINATION FOR INSPECTOR OF POSTS

(DEPARTMENTAL EXAMINATION )

1. Minimum qualifying service 5 years in PA/SA cadre, as on 1st July of the year of exam.

Paper I - CCS CCA, CCS Conduct, GDS Conduct, Vol II, III, Vol IV.

Paper II - PO Guide I & II, Vol V, VI 3 parts, VII, VIII

Paper III - FR & SR 5 parts, Postmaster Balance Sheet, HBA ,Calculation etc.

Paper IV - Law papers.

Paper V - General Knowledge.

Standardised Training Packages from PTC Mysore

To Download Standardised Training Packages

for PA/SA Induction training

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PTC MYSORE

Engagement of contingent staff at operative office

To

Supdt of Pos

Mavelikara Division

No AIEPU Gr C dated at Mavelikara 04.01.2011

Sub : Engagement of contingent staff at operative office for sweeping ,scavenging etc.

Sir

A kind reference is invited to the above. Statedly , the direction are issued in pursuance of Directorate orders dated 29.01.2010 and RO order dated 20.12.2010. It may kindly be noted that the Directorate has issued subsequent clarification on 19.11.2010 (No 4-4/209 PCC dated 19.11.2010) that as far as operative offices are concerned, the work may be outsource wherever feasible to do so. This clarification has been conveyed by Circle office letter no EST/53-3/2009 Vol III dated 27.12.2010. A copy of circle office letter is enclosed.

It is requested that the direction issued in this division may kindly be reviewed in the light of the Directorate clarification and the implementation may kindly be deferred till the feasibility in respect of each separate office is ascertained.

Yours faithfully,

L Jayasree

Divisional Secretary (Class III)

Copy to 1. Circle Secretary , AIPEU GR C , Kerala Circle

2. The General Secretary, AIPEU Gr C, CHQ, New delhi

DoP seeking to computerise all post offices by 2012-end

Vadodara, Jan 8 (PTI) Department of Post is seeking to computerise all the 1.55 lakh post offices in the country by the end of 2012, said Union Minister of State for Communications and Information Technology Sachin Pilot today.

Pilot was talking to reporters after launching 3G services in seven cities of Gujarat through video conferencing here.

He said that of 1,55,015 post offices in the country, only 12,604 have been computerised so far, and Department of Posts aims to computerise the rest by the end of 2012.

Talking about telecom network, he said that only the government-owned companies such as BSNL were putting up infrastructure and providing connectivity in the remote areas, or Naxalism affected areas such as Jharkhand.

For facilitating e-governance in Gujarat, the Department of Information Technology, Government of India is contributing Rs 91.

PA / SA Induction training

I. The Dte instructions reg PA / SA Induction training vide Memo No : 60-9 / 2010 - SPB - 1 Dt. 30.12.10 is follows.

01. Issue : The Pre-appointment formalities like verification of Police, Dt Administration & Educational Boards will not be able to complete before 10.02.11.

Response : The time lines framed by Dte vide Lr No : 60-9/2010-SPB-1 Dt 10.11.10 may be strictly adhere to. The CPMGs may approach concern authorities to speed up & complete the process early.

02. Issue : Suggestion of Candidates be sent for Trg before completion of pre-appointment formalities as in Sl.1
Response : Not acceptable. Before Trg all necessary formalities should be completed.

03. Issue : In Merit List, the formalities of Junior candidates was completed whereas Seniors not completed, whether the Juniors can be deputed for Trg.

Response : No. Candidates should be deputed for Trg strictly according to the Merit List.

04. Duration of In-house Trg & Allowances : Duration to be decided by HoCs only. From the Dt of joining all Candidates will be entitled to Regular Pay & Allowances in the relevant Pay Band. No question of Stipend / allowance arise.

II. The Dte instructions reg PA / SA Induction training vide Memo No : 1-22 / 2010 - Trg Dt. 06.01.11 is follows.

The PA / SA Induction training will starts at PTC on 25.02.11. If the No. of candidates is not available in the 1st session commencing on 25.02.11, Circles can depute the PA LGOs candidates those are awaiting for Trg can be used in consultation with concern PTCs

DEPARTMENT OF POSTS TO INTRODUCE CREDIT CARDS FOR RURAL PEOPLE

The Department of Post (DoP) will introduce a prepaid credit card in association with leading banks including IDBI, HSBC and ICICI to rural people, which will facilitate non-cash transactions for purchasing products and services.

The card - 'White label Pre-paid Cards' - will come with pre-determined cash value and could be operated at merchant locations, ATMs and designated post offices subject to approval by the Reserve Bank of India (RBI). Disclosing his department's 100-day agenda, Telecom and IT Minister Kapil Sibal has said: "The department during the current fiscal year will introduce pre-paid parcel boxes for domestic parcels for one kg, 2.5 kg and five kg.

"The boxes will be sold through over 800 post offices across the country," he added He further said that the Government would complete the up-gradation of 15 speed post centres by March 31.

DoP will also finalise the vendors for information technology solutions, which include customer interaction management, mail operations, banking, postal life insurance, enterprise-wide human resource management, among others. The project is phased over the financial years 2010-11, 2011-12 and 2012-13

Stepping up of pay of the promotee senior with direct recruited junior

Subject: - Stepping up of pay of the promotee senior with direct recruited junior appointed on or after 01.01.2006 This is regarding stepping of pay of promote senior with reference to direct recruit junior appointed after 01.01.2006. 2. The issue was examined in this office and referred to Ministry of Finance for clarification. Ministry of Finance Department of Expenditure Legal Cell vide U.O. No. 18/28/2010-Legal dated 29.12.2010 has clarified that the stepping up of pay of the promote senior with direct recruited junior appointed on or after 01.01.2006 may be agreed to subject to fulfillment of the following conditions: - (a) Stepping up of the basic pay of seniors can be claimed only in the case of those cadres which have an element of direct recruitment and in cases where a directly recruited junior is actually drawing more basic pay than the seniors. In such cases, the basic pay of the seniors will be stepped up with reference to the basic pay of the directly recruited junior provided they belong to the same seniority list for all purposes. (b) Further, government servants cannot claim stepping up of their revised basic pay with reference to entry pay in the revised pay structure for direct recruits appointed on or after 01.01.2006 as laid down in Section II of part A of First Schedule to the CCS (RP) Rules, 2008, if their cadre does not have an element of direct recruitment or in cases where no junior is drawing basic pay higher than them. (c) Stepping up of pay of the seniors in accordance with the present advice of this Department shall not be applicable in cases where direct recruits have been granted advance increment at the time of recruitment. 3. The issues prevailing in the Circle may be decided as per above clarifications.

Child Care Leave

Whether Earned Leave availed for any purpose can be converted into Child Care Leave? How should applications where the purpose of availing leave has been indicated as 'Urgent Work' but the applicant claims to have utilized the leave for taking care of the needs of the child, be treated?	Child Care Leave is sanctioned to women employees having minor children, for rearing or for looking after their needs like examination, sickness etc. Hence Earned Leave availed specifically for this purpose only should be converted.
Whether all Earned Leave availed irrespective of number of days i.e. less than 15 days, and number of spells can be converted? In cases where the CCL spills over to the next year (for example 30 days CCL from 27th December), whether the Leave should be treated as one spell or two spells'?	No. As the instructions contained in the OM dated 7.9.2010 has been given retrospective effect, all the conditions specified in the OM would have to be fulfilled for conversion of the Earned Leave into Child Care Leave. In cases where the leave spills over to the next year, it may be treated as one spell against the year in which the leave commences.
Whether those who have availed Child Care Leave for more than 3 spells with less than 15 days can avail further Child Care Leave for the remaining period of the current year'?	No. As per the OM of even number dated 7.9.2010, Child Care Leave may not be granted in more than 3 spells. Hence CCL may not be allowed more than 3 times irrespective of the number of days or times Child Care Leave has been availed earlier. Past cases may not be reopened.
Whether LTC can be availed during Child Care Leave?	. LTC cannot be availed during Child Care Leave as Child Care Leave is granted for the specific purpose of taking care of a minor child for rearing or for looking after any other needs of the child during examination, sickness etc.

ACCOUNTING NETWORK OF THE POST OFFICE

Calendar of Departmental Examinations scheduled to be held in the year 2011.

	Name of Examination	Exam schedule to be held on	To be conducted by
	(1)	(2)
1.	LGOs for PAs/SAs cadres & PAs cadre in Cos/ROs	February 2011	Directorate
2.	Postal Assistants/Sorting Assistants Direct Recruitment	May 2011
3.	Inspector of Posts Exam 2010	June 2011
4.	A. E. (C & E) Exam	July 2011
5.	J. E. (C & E) Exam
6.	PS Group ‘B’ Examination, 2010
7.	Postmaster Grade – I	April 2011
8.	LDCs to Junior Accountants in PAOs	August 2011	Circle Offices
9.	Confirmation Exam for Dr. Jr. Accountants in PAO It is intimated that the above schedule is tentative and examination will be held subject to availability of vacancies and as per the administrative convenience.	August 2011