Release of Sanchay Post Version 6.6.1

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 1^st 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 CLICK HERE

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 :-

 Rate of interest per annum

(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

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.

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

            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 – 518 002.A.P.

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  Region, KURNOOL-2.                                NANDYAL   HO–1.

Cell: 94404 70621                                                      Cell: 9441657828                                                          Cell: 9908399256

Dear Comrades,

  WISH YOU A HAPPY UGADI

        

          LONG LIVE    AISBCE UNION                                                                                                                                               

                                                                                                                                                       

                                                                                     

                                                                                                                   Yours fraternally, 

                                                                                                                                                                                                                              

                                                                                                                   (B.Ramakrishna Reddy)

Date of next Increment in the revised pay structure

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.

 3. Maintenance of Sb-85 Register: In Head Office where SCSS work has been computerized; the SBCO will maintain SB-85 register.

 4. Checking of vouchers: General check of vouchers and checking of vouchers with reference to entries in the ledgers: - The vouchers both receipts and payments will be checked to the following extent:-

(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.

 (iii)The sub offices shall prepare half yearly list of balance. The list shall be sent to HO and shall be received by the SBCO from the Postmaster. Balances in SB Register SB-85 shall be worked out in the same manner as for HO and agreed with the closing balance of the office as per the list.

 (i)                  If the two lists of balances differ, P.A shall write to the sub offices with ledger number and two sets of balances in the ledger discrepancy register. Action shall than be taken to reconcile the discrepancy and to have to two sets of balances reconcile.

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

          1                                  2     3                                       4

Difference of           Agreed          Dated initials               Dated initials

3 and 4                   Balance          of the P.A.                      of the Supervisor

                      

          5                                 6                         7                                       8         

On reconciliation of the discrepancy, the completed register will be checked and initialled by the Supervisor.