Post office savings deposit interest hiked

The interest rate on POSA stands increased to 4 per cent from 3.5 per cent for the current fiscal, deposits in schemes such as MIS and PPF will fetch attractive returns of 8.2 per cent and 8.6 per cent respectively, as compared to the existing interest rates of 8 per cent.

The government has decided to discontinue the Kisan Vikas Patra (KVP) scheme. It has also reduced the maturity period for MIS and National Savings Certificate (NSC) schemes to five years from the existing six years and has introduced a new 10-year NSC instrument with its interest rate pegged at 8.7%.

PPF savings accounts has been raised to Rs. 1 lakh from the current limit of Rs. 70,000.

The government has also scrapped the 5 per cent bonus on maturity of MIS schemes and abolished the commission for agents on PPF and Senior Citizens Savings Schemes.

The new rates are to be made applicable from the date of notification to be announced soon.

Post Office Savings Schemes

Applications are invited for direct recruitment to the post of Security Assistant (Executive), in IIntelligence Bureau (IB)

Details of Job	Intelligence Bureau (IB) (Ministry of Home Affairs) Government of India Security Assistant (Executive) : -------------------------------------------------------------------  410 posts in various languages,  Pay Scale : Rs. 5200-20200/- and Grade pay Rs. 2000/-, Age : 27 years, Qualification : Matriculation (Class X) or equivalent from a recognized Board., (ii) Knowledge of local language/ Dialect as specified above against each SIBx/ centres of examination
How to Apply :	Apply Online at MHA website from 05/11/2011 to 04/12/2011 only.
Online web site for apply this job	Please click        ONLINE APPLICATION

Frequently Asked Question - Project Arrow

WHAT IS MEANT BY  PROJECT ARROW ?	A PRESTIGIOUS PROJECT OF THE DEPARTMENT WITH AN OBJECTIVE TO PROVIDE SEVERAL SERVICES UNDER ONE ROOF TO THE COMMON MAN. PROJECT ARROW IS DEFINED AS “POST OFFICE-A WINDOW TO THE WORLD FOR AAM AADMI”
HOW THE PROJECT IS EVOLVED?	THE SERVICES OFFERED BY THE DEPARTMENT TO THE COMMON MAN IS LESS EFFECTIVE THOUGH IT HAS A VAST RURAL & URBAN NETWORK IN THE ENTIRE COUNTRY. WITH AN OBJECTIVE OF PROVIDING MORE SERVICES EFFECTIVELY, SRI JYOTHIRADITYA SCINDIA, THE THEN MINISTER OF STATE (COMMUNICATIONS & IT), IN THE MONTH OF ARPIL 2008 HAS ENVISAGED THE PROSPECT OF THE DEPARTMENT AND ITS REQUIREMENT TO THE COMMON MAN. WITH THE HELP OF THE WORLD’S LEADING MANAGEMENT CONSULTANT “McKINSEY & Co”, THE PROJECT HAS BEEN DESIGNED AND IMPLEMENTED IN A PHASED MANNER. THE PROJECT IS MAINLY DIVIDED INTO TWO STREAMS VIZ., LOOK & FEEL, CORE OPERATIONS WHICH ARE FURTHER SUB DIVIDED INTO FOUR COMPONENTS EACH LOOK & FEEL STREAM COMPRISES – BRANDING, INFRASTRUCTURE, TECHNOLOGY & HUMAN RESOURCES CORE STREAM COMPRISES – MAIL, OFFICE SERVICE LEVEL, SAVINGS BANK, REMITTANCES A BLUE BOOK OF THE PROJECT WAS RELEASED ON JANUARY 29TH 2009
WHY IS PROJECT ARROW TO BE IMPLEMENTED?	POSTAL DEPARTMENT IS THE MAJOR NETWORK ORGANISATION IN THE COUNTRY THROUGH WHICH THE SERVICES CAN BE RENDERED TO ALL PARTS OF THE COUNTRY. THE MAIN PURPOSE OF THE DEPARTMENT IS MAIL BOOKING & DELIVERY, SAVINGS BANK OPERATIONS. BUT THE PURPOSE FOR WHICH THE ORGANISATION IS ESTABLISHED IS NOT MET THEREBY LOSING THE FAITH IN THE DEPARTMENT. PROJECT ARROW IS NOTHING NEW EXCEPT PERFORMING DUTIES EFFECTIVELY.
HOW IS THE PROJECT MONITORED?	A PROGRAM OFFICE IS SETUP AT DIRECTORATE LEVEL FOR THIS PROJECT WHICH WILL MONITOR THE IMPLEMENTATION OF THE PROJECT. SIMILAR PROGRAM OFFICES ARE SETUP AT CIRCLE, REGIONAL & DIVISIONAL LEVEL TO CO-ORDINATE AT ALL LEVELS. THIS PROJECT WOULD BE SUCCESSFUL WITH THE COLLECTIVE EFFORT OF ALL THE STAFF RIGHT FROM DIRECTORATE TO POST OFFICE LEVEL.
WHAT ARE THE SERVICE AREAS TO BE CONCENTRATED AND IMPROVED?	MAIL BOOKING MAIL DELIVERY BOOKING OF eMO SAVINGS BANK
WHAT ARE THE KPIs ON WHICH SCORING IS DONE?	PERCENTAGE OF RECEIVED MAIL NOT SENT OUT FOR DELIVERY IN ALL CATEGORIES OF MAIL PERCENTAGE OF MAIL NOT DELIVERED PERCENTAGE OF MAIL BOOKED IS NOT DESPATCHED PERCENTAGE OF eMO BOOKED PERCENTAGE OF SIGNATURE SCANNING DONE IN ALL CATEROIES OF ACCOUNTS SETTLEMENT OF CLAIMS IN SAVINGS BANK DISPOSAL OF ACCOUNT TRANSFER REQUESTS
WHAT IS TOLERANCE LEVEL?	A MAXIMUM PERCENTAGE UPTO WHICH THE PERFORMANCE OF THE KPI IS TOLERABLE. EACH KPI HAS ITS OWN TOLERANCE LEVEL DEFINED BY THE DIRECTORATE.
WHO WILL CALCULATE SCORE?	SCORING IS DONE AUTOMATICALLY AT DIRECTORATE LEVEL BASED ON THE INFORMATION RECEIVED FROM POST OFFICE DAILY. THE SCORING CAN BE DONE MANUALLY BY THE POST OFFICE ALSO AS PER THE SCORING LOGIC DEFINED BY THE DIRECTORATE
HOW WILL THE DATA FROM POST OFFICE IS SENT TO DIRECTORATE DAILY	THERE ARE TWO WAYS BY WHICH THE DATA IS SENT TO DIRECTORATE DAILY FROM THE POST OFFICE 1.   DAILY WEB REPORTING 2.  EXECUTION OF NEW DET ( DATA EXTRACTION TOOL)
WHAT IS DET?	DET IS ‘DATA EXTRACTION TOOL’ WHICH EXTRACTS DATA FROM VARIOUS MODULES VIZ., POINT OF SALE, POSTMAN, SPEEDNET, DESPATCH, SANCHAY POST ETC., FROM THE POST OFFICE SERVER AND TRANSMITTED TO CENTRAL SERVER DAILY. BASED ON THE DATA RECEIVED FROM POST OFFICE, SCORING IS CALCULATED AND PERFORMANCE IS EVALULATED.
WHAT IS REQUIRED FOR SUCCESSFUL IMPLEMENTATION OF DET?	ALL MODULES OF MEGHDOOT IE., POINT OF SALE, POSTMAN, DESPATCH, SPEEDNET, SUB ACCOUNTS, TREASURY,SANCHAY POST ONLINE, ARE TO BE OPERATED CORRECTLY AND SHIFT END / DAY END DONE PROPERLY.
WHO WILL REVIEW THE PERFORMANCE OF A POST OFFICE?	SECRETARY(P) WILL PERSONALLY REVIEW THE PERFORMANCE ONCE IN EVERY 10 DAYS THROUGH A VIDEO CONFERENCE WITH ALL CPMsG.
Collected  by  S Jayachandran , SA , Divisional Office  , Mavelikara -9961464279 http://nfpemavelikaradivision.blogspot.com

Some useful information related with Pension

Type Of  pension	Superannuation Family Pension Voluntary Retirement (VR )
Eligibility	The qualifying service for evaluation of pension is reduced to 20 years w.e.f. 01.09.2008. Earlier it was 33 years.             Pension is evaluated on the basis of the last 10 months average pay or last pay drawn whichever is beneficial to retiring employee
Terms related to the PENSION Calculation	PENSION             DCRG (Death Cum Retirement Gratuity)                         COMMUTATION                         RESTORATION of Pension                         FAMILY PENSION
PENSION	The pension amount is calculated based on the Basic Pay at the time of retirement, Age, Service years, etc.         It is calculated as 50% of average emoluments of last 10 months salary drawn. It is calculated on Basic and Dearness Pay only
Formula for Calculation of Pension Amount =	50% of Avg. emoluments (last 10 months*SMP/66
DCRG	This is basically known as Gratuity. Gratuity is the amount given to the employee at the time of retirement. It is calculated on Basic, DP and DA.  This amount is limited to maximum Rs.1000000 / - only.
Formula for Calculation of DCRG	Last Salary Drawn   X    SMP _______________________________     4                                                                                                                                         OR             last Salary Drawn   X    SMP ----------------------------------------------                         2              (in case of Death)
COMMUTATION	At the time of retirement of the employee, a portion of pension can be withdrawn by the employee. A maximum of 40% of pension amount can be withdrawn at the time of retirement. However, depending on the amount withdrawn proportionate amount will be deducted from the Pension amount till 15 years and employee will get reduced Pension till 15 years
Formula for calculation of Commutation	Commutation Percent of Full Pension   x  Age Factor  x  12
Formula for calculation of Reduced Pension	Full Pension – Commutation Percent of Full Pension) +  DA on Full Pension
RESTORATION	The commuted portion of pension shall be restored on expiration of 15 years from the date of retirement. After this period the employee is entitled for full pension.
FAMILY PENSION	In case of death of retired employee, his/her pension is entitled to his/her family or the nominees fixed by the employee. The wife is entitled till her remarriage or death whichever is earlier. In case of Son/Daughter, children are entitled till an age of 25 years or marriage, whichever is earlier Collected by S Jayachandran  SA , Divisional Office  Mavelikara-9961464279 Please visit: http://nfpemavelikaradivision.blogspot.com

Sixth Pay Commission to apply on pre-2006 retirees also: Direction from CAT

In a relief to senior citizens, who retired from government service before 2006, the Central Administrative Tribunal (CAT) has directed the Centre to re-fix their pension on the basis of recommendations of the Sixth Central Pay Commission (VI CPC)

A three-judge bench of CAT headed by its Chairman Justice V K Bali quashed the August 29, 2008 government resolution which amended the recommendations of the sixth pay commission due to which the pre-2006 retirees were getting lower pension than the post 2006 retirees.

The bench passed the orders on a bunch of petitions filed by individuals, their association -- Central Government Pensioners Association -- claiming pension at par with post-2006 retirees on the recommendations of the VI CPC, which took effect from January 1, 2006

Respondents (Government) are directed to re-fix the pension of all pre-2006 retirees with effect from January 1, 2006... Let the respondents re-fix the pension and pay the arrears thereof within a period of 3 months from the date of receipt of a copy of this order

History of Communication Part I - Some useful information about communication

GRAHAM BELL

Samuel Morse

Sir Rowland Hill

hieroglyphics

Communication

The oldest known symbols created with the purpose of communication through time are the cave paintings

A Graphic symbol that represents an idea or concept is called as Ideograph

The Egyptians had their own set of symbols to keep track of trade They developed a system of writing known as hieroglyphics

Hieroglyph  script was developed about four thousand years before Christ and there was also a decimal system of numeration up to a million.

Egyptian hieroglyphics consisted of two types of symbols: ideograms and  phonograms.  Ideograms evolved from pictographs and were symbols of both objects and ideas

The earliest known journalistic product was a news sheet circulated in ancient Rome and called the Acta Diurna

Cuneiform script is one of the earliest known forms of written expression

The cuneiform writing system was in use for more than 35 centuries, through several stages of evolution, from the 34th century BC down to the 1st century AD

In greek  500  BC  developed  a system to communicate from one city to another  city  that system is called as  Visual telegraph

The visual Telegraph was by building a series of brick walls with indentations at the top. Each indentation represented a letter of the Greek alphabet. To send a message, people lit fires at the appropriate spots to send express a message. A watcher at the next wall would resend the message to wherever it needed to get to

PAPYRUS: is a tall, aquatic reed plant, Cyperus Papyrus, noted especially for its use for ancient writing material. The papyrus plant, so abundant in ancient Lower Egypt

Coranto is a term used to describe early informational broadsheets precursors to newspaper

In the English-speaking world, the earliest predecessors of the newspaper were corantos, small news pamphlets produced only when some event worthy of notice occurred.

By December 1620, Corantos  (single folio sheets) of news about the wars in Europe, printed in English, were making their way across the English Channel from Holland.

The formal study of language began in India  with Panini  the 5th century BC grammarian who formulated 3,959 rules of  Sanskrit morphology.

When writing evolved in the human world, communications came into existence. Postal services long existed in China since 4000 BC. Millennium later, Egypt and Assyria had their postal services.

The Chinese and Egyptian services were confined to imperial court circles, but in Assyria the service was open to the mercantile class.

Historical references to postal systems in Egypt dated from about 2000 BC

The two Greek historians, Herodotus and Xenophon, wrote the detailed descriptions about the postal network.

Rowland Hill formulated proposals on reforming the modern postal system between 1835 and 1837.

A telegraph is a device for transmitting and receiving messages over long distances, i.e., for telegraphy.

Beginning in 1836, the American artist  Samuel F B Morse the American physicist Joseph Henry and  Alfred Vail developed an electrical telegraph system.

The Morse code was developed so that operators could translate the indentations marked on the paper tape into text message

Morse code is a method of transmitting textual  information as a series of on-off tones, lights, or clicks that can be directly understood by a skilled listener or observer without special equipment

The first successful submarine telegraph was laid between Dover and Calais, a distance of twenty-four miles, in 1850

The transatlantic telegraph cable was the first  cable used for telegraph communications laid across the floor of the Atlantic Ocean in 1866  from Ireland to Canada

Alexander Graham Bell being awarded the first US Patent for the telephone in 1876

Collected by  S Jayachandran , System Administrator , Mavelikara Postal Division , 9961464279 Please visit  http://nfpemavelikaradivision.blogspot.com

Solved Question Paper for IPO Examination 2011 Question No 22- to 41

Q22 What  is  the  beginning  and ending point of journey or transfer Answer : Office

Q23  Daily allowance is admissible  if the place of duty is beyond  a radius of ------------- kilometers from headquarters Answer : 8

Q24 What is the  eligibility   to TA of a Postal  official  transferred to a place of choice on completion  tenure in the old post Answer : Entitled  for TA  on Transfer

Q25 Maximum  period for which  the daily  allowance is allowed for continuance  halt  is Answer : 12 Months

Q26  The cycle allowance  can be granted by Answer : Heads of Division , Postmaster Group A and B

Q27  Which  interruption  shall entail  forfeiture of past  service ? Dismissal  from service

Q28  Once employee renders  the minimum  pensionable  service of 20 years , pension  should be paid at 50 %  of the average  emoluments  received  during  the past 10 months of the last pay drawn , whichever  is more beneficial to the retiring employee  Answer : True

Q29 Say whether the statement  is true or otherwise compulsory retirement  pension  shall not  less than ` three thousand five hundred  per month Answer :

Q30 Which rule  of CCS(Pension) rules 1972  deals with  retirement  by giving  notice ( Voluntary  retirement)  on completion  of 20 years  qualifying service Answer :  Rule 48  A

Q31  The benefit of adding  years of ------------ is withdrawn for the purpose of  computing  pension as well as other  related benefits  such as gratuity  (qualifying service) Answer :  Qualifying Service

Q32  The period of suspension will be treated as duty in the following cases Answer :

Q33 While calculating qualifying service , the net qualifying  service of a government servant  comes to 24 years  and 10 months. It will rounded  off to Answer   50  Six Monthly  Periods

Q34 The records of deduction made in respect of any attachments  made by  the orders  of the court of law  shall be kept  in form Answer :

Q35  Dearness allowance  is exempt from attachment  by an order  of the court of law Answer  : True

Q36 Government means Answer :  Government of any state

Q37  in case of  Bills containing  any doubtful  items Answer : Should be returned

Q38  Sanctioning authority  should  bear in mind  that the advance  should not be Answer : Larger than the absolutely required

Q39  If a bank draft is posted to a  distant payee the date of payment is reckoned as Answer

Q40 LPC refers to Answer : Last Pay Certificate

Q41 The advance for warm clothing  is admissible  only once in ----------years Answer :  Two