Friday 30 March 2012
Revision of Interest Rates for Small Savings Schemes W.e.f 01.04.2012
Based on the decisions taken by the Government on the recommendations of
the Shyamala Gopinath Committee for Comprehensive Review of National Small
Savings Fund (NSSF), the interest rates for small saving schemes are to be
notified every financial year, before 1st April of that year.
Accordingly, the rate of interest on various small savings schemes for the
financial year 2012-13 effective from 1.4.2012, on the basis of the interest
compounding/payment built-in in the schemes, shall be as under:
|
Scheme
|
Rate of Interest w.e.f. 1.12.2011
|
Rate of Interest w.e.f. 1.4.2012
|
|
Savings Deposit
|
4.0
|
4.0
|
|
1 year Time Deposit
|
7.7
|
8.2
|
|
2 year Time Deposit
|
7.8
|
8.3
|
|
3 year Time Deposit
|
8.0
|
8.4
|
|
5 year Time Deposit
|
8.3
|
8.5
|
|
5 year Recurring Deposit
|
8.0
|
8.4
|
|
5 year SCSS
|
9.0
|
9.3
|
|
5 year MIS
|
8.2
|
8.5
|
|
5 year NSC
|
8.4
|
8.6
|
|
10 year NSC
|
8.7
|
8.9
|
|
PPF
|
8.6
|
8.8
|
|
To View the original letter from Ministry of finance
|
||
ADVANCES TO GOVERNMENT SERVANTS - RATE OF INTEREST FOR PURCHASE OF CONVEYANCES
F.No.5(2)-B(PD)/2011
Government of India
Ministry of Finance
Department of Economics Affairs
New Delhi, the
19th March, 2012
OFFICE
MEMORANDUM
Subject: Advances
to Government Servants - Rate of interest for
purchase of conveyances during
2011-2012.
The undersigned is
directed to state that the rates of interest for advances sanctioned to the
Government servants for purchase of conveyances during 2011-2012 i.e. from 1st
April, 2011 to 31st March, 2012 are revised as under :-
(i)
Advance for purchase of conveyance other than motor car (viz., motor
cycle, scooter etc.) 9%
(ii) Advance for purchase of motor car 11.5%
sd/-
(A.K.Bhatnagar)
Under Secretary (Budget)
To View the original letter from Ministry of financeCLICK HERE
Continuous absence to duty for more than 5 years with or with out leave will be treated as deemed Resignation - Amendement to CCS (leave) Rules
Department of Personnel and Training
has amended the CCS (Leave) Rules 1972 vide Notification dated 29.03.2012. As
per the amendment, no Government Servant shall be granted leave of any kind for
a continuous period exceeding 5 years and the Government Servants who remains
absent from duty for more than 5 years continuously, other than on Foreign
Service, with or without leave, shall be deemed to have been resigned
from Government service.
To view the said original
DOPT order.CLICK HERE
Thursday 29 March 2012
Postal department plans core banking platform, ATMs at POs
Postal department plans core banking platform, ATMs at POs
New Delhi: The Department of Posts (DoP) is planning to introduce core banking solution (CBS) platform, including setting up of ATMs at select post offices across metro and non-metro cities in the country, minister of state for communications and IT Sachin Pilot today said.
“It is planned to introduce CBS platform in all departmental post offices, which includes providing of ATMs in selected post offices in metro as well as non-metro cities across the country," Pilot said in a written reply to Lok Sabha.
At present, there is no proposal to introduce ATMs in the rural areas, he added.
Pilot said the selection of vendor for introduction of CBS, including ATMs, is under progress and DoP has decided to engage a consultant to prepare a detailed project report on post bank.
“The finance ministry has given approval in principle for introduction of CBS platform in small savings schemes but not yet responded on the post banks,” Pilot said.
The government proposes to convert over 1.5 lakh post offices across the nation into full fledged banks, reaching out to the masses in the rural areas with modern banking facilities
Declaration of Holiday on 14th April, 2012 – Birthday of Dr.B.R. Ambedkar.
F. No.12/2/2012-JCA-2
Government of India
Ministry of Personnel, Public Grievances & Pensions
(Department of Personnel & Training)
North Block, New Delhi
Dated the 27th March, 2012.
Dated the 27th March, 2012.
OFFICE MEMORANDUM
Subject:-
Declaration of Holiday on 14th April, 2012 – Birthday of Dr.B.R. Ambedkar.
It has been decided to declare Saturday, the 14th April 2012, as a Closed Holiday on account of the birthday of Dr. B.R. Ambedkar, for all Central Government Offices including Industrial Establishments throughout India.
2. The above holiday is also being notified in exercise of the powers conferred by Section 25 of the Negotiable Instruments Act, 1881(26 of 1881).
3. All Ministries/Departments of Government of India may bring the above decision to the notice of all concerned.
sd/-
(Ashok Kumar)
Deputy Secretary to the Government of India
(Ashok Kumar)
Deputy Secretary to the Government of India
Thursday 22 March 2012
ALL INDIA SAVINGS BANK CONTROL EMPLOYEES UNION ,
A.P.CIRCLE
(A Union recognized
by Department of Posts)
H.Q.SBICO O/o Postmaster-General, Kurnool
Region, KURNOOL
K.HANUMANTH REDDY
B.RAMAKRISHNA REDDY M.BASAVALINGIAH
CIRCLE PRESIDENT,
CIRCLE SECRETARY, TREASURER
Supervisor SBCO SBICO, O/o Postmaster-General BCR PA
SBCO,
Secunderabad HO. Kurnool
Cell:
94404 70621 Cell: 9441657828
Cell: 9908399256
Dear Comrades,
WISH YOU A HAPPY UGADI
LONG
LIVE AISBCE UNION
Yours fraternally,
(B.Ramakrishna Reddy)
Wednesday 21 March 2012
SCSS CONTROL POCEDURE
SENIOR CITIZEN SAVINGS SCHEME CONTROL PROCEDURE
[Issued by the Dg, Posts letter No: 79-8/2004-FS
dated 20.08.2004 and further amended from time to time]
79B. 1. Introduction of the Scheme: The
scheme has been introduced w.e.f. 02.08.2004 in all the Head Post
Offices , MDG and Departmental Sub offices.
2. Control Procedure: General:- the
control Procedure including checking of vouchers etc. prescribed for MIS
accounts will be followed for Senior Citizen Savings Scheme account.
(a) All vouchers of
premature and final closures.
(b) 10% of vouchers of
monthly payment of interest.
(c) 4% of deposit transactions.
(d) The amount of Interest calculated for new
accounts with reference to interest rate to ensure correctness.
Note 1 :- The checks will apply
uniformly to accounts maintained either manually or on computers.
Note 2: For this scheme the ledgers in head offices for
accounts standing in Sub office are not to be maintained. Hence, general checks
of vouchers for the sub officers accounts will only be done.
5.
Verification of Ledger balances:- The balances of the accounts in each office
will be verified on six monthly basis. The first round will cover the period
from January to June and the second round from July to December. The listing
will be done for the balances as on 30th June and 31st December each year. The
verification will be done in the following manner.
(i)
For accounts in head office, balances will be listed by the SBCO ledger wise.
The balances in the register SB-85 will be arrived at by adding the total
credits to and deducting the total debits till the end of the month upto which
transactions have been included in the list of balances from the opening
balance of the month. The closing balance should agree with that shown in the
list. If it agrees the Postal Assistant will write "Agreed" in the list
under his dated signature. The list will then be placed before the Supervisor.
The Supervisor will verify and note it in the ledger verification check sheet
under his dated initials.
(ii)
If the two sets of balances differ, the Postal Assistant will write the name of
office, ledger number and two sets of balance in the discrepancy register.
Action will be taken to reconcile the discrepancy and to have the two sets of
balances reconciled.
6.
Detecting the mistakes during Ledger
Verifications: the following
procedure may be followed for detecting the mistakes while agreement of ledger
balance:-
(a) The previous
agreement sheet of the binder should be checked with the balances shown in the
current list prepared. The accounts having no change in balance should be
ticked.
(b)
The accounts whose balances have undergone a change should then be examined to
see if the balances in respect of these accounts have been cast correctly in
the binder. In case of correction to ledger balances it should be seen if the
same is supported by the entries in SB-85 register.
(c)
Accounts transferred to other offices will be checked with reference to entries
in SB-85 and SB-85(a) registers. In case of account opened by transfer it
should be checked from the ledger or the voucher whether the account has been
correctly included in SB-85 and SB-85(a) registers.
(d) Accounts which have been closed
should be checked with reference to the entries in the list of
transactions and SB-85 register.
(e)
If the balances still do not agree, the postings in SB-85 register should be
checked with the list of transactions. If the balances still do not agree the
totals of lists of balances and balances cast in SB-85 register should be
checked again.
(f)
In addition to checking the balances with SB-85 register, the SBCO will check
with the list of balances of previous period as to whether the increase in
balance is correct with reference to interest due and paid in the account.
7.
Register of Office wise discrepancies: As
prescribed for MIS accounts , a register of office wise discrepancies will be
maintained to note particulars of ledgers which do not agree automatically in
the following format:
Date selected No. of Balance as Balance as
for agreement ledger per SB-85 per the list
3
and 4 Balance of the P.A. of the Supervisor
On reconciliation of the
discrepancy, the completed register will be checked and initialled by the
Supervisor.
Subscribe to:
Posts (Atom)