CABINET APPROVES INDIA POST PAYMENTS BANK PROPOSAL

 

            Govt will set up 650 branches of the Postal Payments Bank by September 2017, says Ravi Shankar Prasad

            New Delhi: The government on Wednesday cleared a proposal to set up the India Post payments bank with a corpus of Rs.800 crore and has plans to have 650 branches operational by September 2017, telecom minister Ravi Shankar Prasad said.

            “The Cabinet has cleared proposal of postal payments bank. We have 1.54 lakh post offices of which 1.39 lakh are rural post offices. 650 branches of postal payments bank will be established in the country which will be linked to rural post offices,” Prasad said.

            The minister said the payments bank, which will be run by a chief executive officer, will be professionally managed and there will be a representation from various other government departments including the Department of Posts, Department of Expenditure, Department of Economic Services etc.

            “Total architecture of postal payments bank is of Rs 800 crore which will have Rs 400 crore equity and Rs 400 crore grant. By September 2017, all 650 branches of postal payments bank will become operational. This we had planned for three years but now we will be doing it in a year,” Prasad said.

            He said that all rural post offices will be given handheld devices by March 2017. “We are reinforcing it further. I have had discussion with my officers to give iPad and smartphones to postmen in urban post offices,” Prasad said. At present, there are 22,137 post offices with core banking facility compared to State Bank of India’s 1,666 branches.

Source: PTI

Enhancement of Financial Powers of Heads of Circles with respect to the items dealt in Estates Division

P4 CWC MEETING AT BANGALORE

      P4 CIRCLE COUNCIL MEETING KARNATAKA CIRCLE HELD AT
                        BANGALORE ON 19TH & 20TH APRIL 2016

WORKING PROCEDURE OF BCP DOCUMENTS AND WORK SHEET FOR DOP FINACLE

CBS BUSINESS CONTINUITY PLAN-NOTHING BUT GIMMICKS

CBS Business Continuity Plan (BCP) DOCUMENTS

Q. What is BCP?

BCP is an alternative to accept some transactions from the customers when Finacle Application will not be accessible in all CBS Post Offices. 

 Q. When BCP is to be invoked?

BCP will be invoked through an order issued by F.S. Division of Postal Directorate to CEPT Team to enable special BCP Menus.

Q LIST OF transactions which can be accepted during BCP

Following type of transactions can be accepted during BCP:-
(1) Deposits in Savings Account.
(2) Deposits in RD Account opened and operated directly (not through MPKBY Agents)
(3) Deposits in PPF Accounts.

Q. Procedure for accepting transactions during BCP:-

¨ When mail is received from CEPT Team/Circle SPOC regarding use of BCP, deposit transactions by cash are to be accepted in Savings Accounts, RD Accounts (other than opened by MPKBY Agents) and PPF Accounts standing in the same post office (no Intersol transaction).

¨ On the Deposit Form (Pay-in-Slip), customer should be asked to write his/her mobile number or landline Number and last balance.

¨ While accepting cash, no entry should be made in Passbook but counterfoil of Deposit Form should be given to customer duly date stamped and signed by PA.

¨ Account number and amount deposited should be entered in Excel Format attached with this mail and also given in below.

¨ In the Excel sheet, scheme can be selected either as SB or Rd or PPF. After completion of data entry of transactions, print out of the excel file should be taken.

¨ When Finacle Access is restored or counter hours are over, click on “Generate File” in the excel format.

¨ It will create a .txt file showing scheme type i.e SB or RD or PPF, date in DDMMYY format and total amount of transactions in D/. 

BCP Documents Working Procedure And Worksheet

Click below link to view BCP Documents, it contains working procedure in DOP Finacle while slow down in DOP Finacle.

BCP Documents

¨ After this step, while browsing in the relevant menu, this file should be uploaded in the relevant menu as shown in the below screen shots. It is to ensured that only that day's file is uploaded by confirming date and total amount from the file name.

¨ Supervisor has to verify these transactions by using menu HTV.

¨ After verification, these transactions would appear in relevant LOT and consolidation.

¨ Report of success and rejected records can be seen from reports in HPR. If any transaction is rejected during upload, Deposit Slip of that transaction should be kept separately and customer should be contacted over phone (phone number written on the deposit slip).

¨ Cash of these transactions should be kept out of account alongwith vouchers.

¨ As and when customer comes, corrections should be got done in the Deposit Slip and transaction along with cash should be accounted for in Finacle.

courtesy---aipeu puri

Declaration of Holiday on 14th April, 2016 - Birthday of Dr. B.R. Ambedkar.     CLICK HERE FOR DETAILS

CUT IN INTEREST RATE FOR SMALL SAVINGS SCHEMES

NFPE WRITES TO THE HON`BLE MOC

National Federation of Postal Employees

1^st Floor North Avenue Post Office Building, New Delhi-110 001

Phone: 011.23092771                                              e-mail: nfpehq@gmail.com

       Mob: 9868819295/9810853981                    website: http://www.nfpe.blogspot.com

     PF-35(SB)-2016                                                                    Dated: 21^st March, 2016

T0

            Shri Ravi Shankar Prasad

            Hon`ble Minister of Communications & IT,

            Government of India,

            New Delhi-110 001

Sub:   Cut in interest rate for small savings schemes.

Respected Sir,

            As you  are aware that the Government of India, Ministry of Fiancé, Department of Economic Affairs (Budget Division) vide F.No.1/04/2016-NSII dated 18^th March -2016 has  issued orders to cut the interest rates for Small  Savings Schemes which  will adversely affect the  poor people and customers in  Post Offices.

            Already due to CBS related problems thousands and thousands customers have closed their accounts in Post Offices. Further this cut in small savings schemes like, NSC, KVP, PPF,MIS, Sr. Citizen Savings Schemes and Sukanya Samriddhi Yojna will force them to invest their money in some other schemes.

            It is therefore requested to kindly utilize your good office and convince the Finance Ministry to exempt Small Savings Schemes in Post Offices from interest cut to protect interests of common man.

            With regards,

                        Yours faithfully,

(R.N. Parashar)

Secretary General

CUT IN INTEREST RATE FOR SMALL SAVINGS SCHEMES

Comrade Ravi Kumar N S ex Division secretary AIPEU Group c Channapatna is no more

POSTAL DEPT LOSS OR GAIN STARRED QUESTION IN LOKASABHA