How to extend the Public Provident Fund account

The Public Provident Fund (PPF) account is a 15-year investment product in which the investor makes contributions each year according to the specified limits. The account matures after 15 years from the end of the year in which the initial subscription was made. 

On maturity, the investors have the option of extending the account for blocks of five years each. The extended account will continue to earn interest at the rate notified each year. The flexibility to withdraw funds from the account after it is extended is much more than in the initial subscription period. 

SBI waives minimum balance criteria for Savings Bank Account

In order to attract new customers, State Bank of India (SBI) has done away with minimum balance criteria for saving banks account.

The bank will not levy any charge for breaching minimum balance criteria.

Central D.A. is heading towards 7% again from 1st July'12

With the announcement of AICPIN number for the month of May'12 as 206 (increase of 1 point) by the Labour Dept., it is obvious that Central D.A. is going to be hiked @7% again with effect from 1st July 2012. There is still one months' (June'12) number is yet to be announced , which is needed for final calculation but in can be predicted that D.A. is going to be hiked by 7% taking it to a overall 72%.

INJUSTICE CAUSED TO PROMOTEES IN MACP – QUASHED

FANTASTIC ORDERS PRONOUNCED BY CAT, JODHPUR


v Promotion as PA from Group ‘D’/Postmen should not be construed as Promotion under MACP
v MACP shall be granted afresh from PA cadre based on 10, 20, 30 years in PA cadre
v Any promotions under LDCE shall not be brought into no. of promotions under MACP
v Applicant should be paid arrears with interest applicable to GPF

The full text of the judgment is furnished below in the link. What we are demanding all along (i.e) to exclude the promotions acquired by exam has been categorically declared by the Hon’ble judge. A remarkable decision.

The CHQ is referring the CAT decision to the Directorate requesting to implement the same to all without further appeal in High court or other forums.

Thanks to Com. Sohan Lal Asst. Circle Secretary, Jodhpur & Com. H. P. Diwakar, Circle Secretary, Rajasthan Circle

Please click here to view in detail


source : aipeu chq

ANOTHER REMARKABLE JUDGMENT QUASHING

RECOVERY IMPOSED UNDER CONTRIBUTORY FACTORS

Please make use of it

Please click here for the detailed report


Source: aipeu

Increment Day for Central Government Employees – 1st July of Every Year

1st July of every year – ‘Increment Day’ for Central Government employees

As per the 6th Pay Commission CCS (Revised Pay) Rules 2008, provisions of Rule 10 with effect from 1.1.2006, uniform date of increment was implemented for all Central Government employees i.e. 1st July of every year. One more condition for getting increment is provided in this rule, completing six months in the same pay as on 1st of July are only eligible to be granted the annual increment.  Who have not rendered six months period of service as on first of a year will not be eligible to draw increment on that day and their date of increment will fall 12 months later on the next 1st of July.

6 New Postal Training Centres to start in 12th Plan period.

VADODARA: The department of posts will start six postal training centres (PTCs) across the country during the 12th Five Year Plan. Kamleshwar Prasad, member, human resource development in the Postal Services Board, New Delhi informed media persons here on Sunday. 

MODEL QUESTIONS FOR IPO EXAM

POSTAL MANUAL VOL IV

(ESTABLISHMENTS)

1.         A Candidate within the maximum age limit at the time of recruitment , but is over aged at the time of appointment
            a)         Cannot be appointed                                    b)         Can be appointed in service
            c)         Can be appointed after getting sanction     d)         None of these            Ans: d (10)
2.         Office establishment will not include
            b)         Non gazetted  servants engaged for clerical duties
            b)         Group D servant employed in service
            c)         Sweeper
           d)         All the above                                                                                                  Ans: c(11)

Bank Strike on 25th and 26th July 2012

Employee unions of public sector banks have decided to call a two-day nationwide strike on July 25-26 to protest reforms in the banking sector and outsourcing of jobs, United Forum of Bank Unions convener G.D. Nadaf said. “About 10 lakh employees and officers will participate in the strike,” 

DB Analyzer & CC Bridge Latest Updates (as on 28.06.12)

DB analyzer dated 28.6.2012-SO Balance agreement option, report modified.

CCBridge Version 6.0 This version has the option to enter NSC-IX Issue transactions and to generate returns & reports accordingly. In addition to the journals, summary reports are also generated as binary files for submission of returns.

Revised exe for DB analyser and CC Bridge Version is available for download at  http://tamilnadupost.nic.in/sdc/indextm