SB ORDER 10/2015 IMPLEMENTATION OF PMJJBY AND PMSBY SCHEMES IN CBS POST OFFICES

• The Hon’ble Prime Minister of India has launched Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Atal Pension Yojana . Both the PMSBY and PMJJBY schemes are to be implemented from 07-09-2015 in all the Post Offices which are on CBS platform and the commencement of Atal Pension Yojana will be intimated shortly.
• SO order 10/2015 deals with the implementation of PMJJBY and PMSBY schemes.
• Software solution for accepting premium under both the schemes is being deployed in Finacle application and it is availablr from 07th september 2015 in all CBS Sos/HOs.
• For these schemes Date of Birth, Gender and Nominaton are mandatory if these details are not updated then invoke the menu CMRC and modify the said details.
• For enrollment of PMJJBY and PMSBY schemes a new menu is introduced in the DOP Finacle application i,e, CPMY.
• Premium for these schemes should be transferred from POSB account only i..e, when we enter the account number in CPMY menu then system will automatically debit the premium amount( Rs 330 for PMJJBY and Rs 12 for PMSBY) from SB account.
• At present in DOP Finacle Software these schemes are enabled only for Single account holders only and for joint account holders/Atal Pension Yojana schemes are under development and will be circulated shortly.
• Accounting procedure for both the schemes is under process and will be circulated shortly.
• It is further informed that Government has given to both the schemes exemption from SERVICE TAX
• For DIrectorate SB order 10/2015 copy click the below screen shot.