RBI makes it easier to report fake notes to banks

The next time someone passes on a fake currency note to you without your knowledge, you need not palm it off surreptitiously. The Reserve Bank of India (RBI) on Friday (28/6/2013) directed banks to accept all fake notes over the counter from customers and pay them back the full amount. In return, banks will get 25% of the amount of the fake note back from the RBI. 

To stop misuse of the system by unscrupulous entities, RBI also directed banks to monitor the patterns and trends of fake note detection and bring them to the notice of the central bank and the police immediately. 

"Detection of counterfeit notes, at banks, should be at the back office or currency chest only. Banknotes when tendered over the counters may be checked for arithmetical accuracy and other deficiencies like whether there are mutilated notes, and appropriate credit passed on to the depositor/account or value in exchange given," the RBI noted. 

Source : The Times of India

POSTMASTER GRADE-I EXAM PAPER HELD ON 30 JUN 2013

CLICK HERE TO VIEW PAPER-I

CLICK HERE TO VIEW PAPER-II


Courtesy : http://systempost.blogspot.in/

DB Analyzer for Sanchay Post dtd 02/07/2013

DBAnalyzer has a new feature to generate a consolidated report of all discrepancies in the database. Unzip the additional exe  all the DLL files included in the DBAnalyzer zip file and copy to the DBAnalyzer folder.

NOTE: Generation of Consolidated Report is a TIME CONSUMING PROCESS. All offices are advised to generate this report after completing the daily routines like DAY-END process, Database Backup, etc.

To Download from SDC, Chennai

CIRCLE WORKING COMMITTEE MEETING OF AIAPC AT TENKASI ON 07.07.13

ALL INDIA ASSOCIATION OF POST MASTER CADRE , TAMIL NADU CIRCLE

CIRCLE PRESIDENT(I/C)         S.A RAMASUBRAMANIAN           

CIRCLE SECRETARY                       R RAJENDRAN 

    

CIRCLE FINANCE SECRETARY     K KALIMUTHU

  Dear comrades,

                                  Our  first circle working committee meeting will be held at Tenkasi Head post office( IQ ) on 07.07.2013 at   1100 hours. All circle working committee members are requested to attend the meeting  and extend your co-operation in the  meeting .

                                      With remaining thanks

                                                                          Yours fraternally 

                                                                           R Rajendran 

                                                                           Circle secretary 

                                                                           AIAPC, 
                                                                           TN circle
                                                                          

                                                  

                                                                                             

                                                 

Filling up the posts of Higher Selection Grade-l (HSG) in Savings Bank Control Organisation (SBCO) and Circle Office and Regional Offices (CO/RO) in Postal Circles

To view Directorate Memo No. 04-20/2013-SPB,.II dated 25th June 2013, please CLICK HERE. 

TET Online Model TEST - Paper II ( for Tamilnadu Candidates )

Click the link to Continue

http://www.padasalai.net/2013/06/tet-online-model-test.html


Any Technical problem, please contact 08682938621, 0995278797

Coutesy : Padasalai & Rani TET Park

DRACONIAN RULE OF CONTRIBUTORY NEGLIGENCE - A DEMOCLE’S SWORD

DRACONIAN RULE OF CONTRIBUTORY NEGLIGENCE 

A DEMOCLE’S SWORD

 (By M.R.MEENAKSHISUNDARAM, Retired Supervisor, SBCO, Chennai GPO)

 PREAMBLE

             Department of Post is a very big organisation with multifarious functions and spread over the entire country. Due to the vast business turnover as well the huge size of the human resources employed in the day to day functioning, there will be some losses to the organisation at times. Any enterprise this size will have some unscrupulous and shady characters amidst the staff. There will be losses due to frauds, theft and burglary, excess payments and compensation to be paid in consumer cases. Even so the loss due to these aspects is negligible compared to the revenue accrued through business. In Nationalised Banks million and millions of money is written off as loss due to bad debts. But in our department not even a single paise is allowed to be written off as the Administration is very keen in recovering the loss from its employees whether the employee is directly responsible or not. In my 39 years of service in this Department, I came across almost all type of cases of recoveries towards pecuniary loss and dealt with them. It is my humble opinion that the bureaucracy usually acts in an inhuman way to recover the loss though they have powers to write off the loss. For instance the Director of Postal Services has power to write off any excess payments in Savings Accounts and there is no monitory limit. In my experience I was able to convince a DPS to accord sanction to write off some minus balances in Savings Accounts as they were pending more than 10 years and the Chief Postmaster was trying to recover the excess payments from the staff who has no part in the transactions. The problem with the present staff is that they don’t want to familiarise with necessary rules of the Branch where they work. In spite of their superior academic qualifications, the present staff’s knowledge in departmental ruling is dismal and so the Administration is able to capitalise on the lack of knowledge and impose punishment of recovery without much difficulty. With current level of shortage of staff in Post Offices and the unwanted decentralisation of Accounting system, there is bound to be a lot of frauds as well as short comings/lapses on the part of the operative staff due to heavy workload. If this state of affairs continues, almost all the staffs have a permanent column in their pay bill under recovery towards Audit Objections. The Rule of recovery is a draconian rule though the rule was introduced with good intentions and the Administration utilises this rule to impose recovery unilaterally to all employees without any sympathy. First of all we have to understand the implication of this rule and then try to tackle it. Here are some aspects of the Rule:

REVISED SB ORDER 4/2013

To view SB order No. 4/2013 circulated under Directorate Memo No. 113-01/2011-SB dated 26/6/2013, please CLICK HERE. 

SBCO - Misc Utility Software

Download & Unzip and paste CBS folder & CBS.bat  into  C:\ Drive ( or Any Drive )

Run the CBS.bat file  to execute CBS Utility Software



Download

This is useful for this purposes

1. To view list of Minus balance

2. Change the Account Status into CLS / TFR

3. Close all "0" Balance Account

4. Simple OB correction

5. To view Closed account with Balance

6. To change the Account Status  into Closed / TFR

7. To change all Minus into 0 balance by OB Corrections

8. To view the Closed / Transferred Account Details

Dept. of Posts applies for banking licence

 

 NEW DELHI, June 28, 2013

The Department of Posts, on Thursday, submitted an application before the Reserve Bank of India (RBI) for a licence to offer full-fledged banking services.

“We have approached the RBI today [Thursday], and hopefully having met all the conditions of RBI, an in-principle approval might be given. If it is given, I think, it will be a revolutionary step because it will bring banking, subject to Cabinet approval, to the doorstep of the ordinary man in this country,” Telecom and IT Minister Kapil Sibal told PTI.

The RBI is in the process of granting fresh banking licences and has set July 1 as the deadline for applying.

The Department of Posts has plans to start 50 bank branches in the first year and scale it to a total of 150 branched in five years.

The Department of Posts has started inter-ministerial consultations for seeking Cabinet approval on around Rs.1,900 crore fund requirement to start Post Banks. The total amount includes Rs.500 crore paid-up capital required under new banking licence guidelines.

News: PTI , The Hindu