Should Indian Post get a Banking License? ..Do they need one?

     The decision of Indian Postal Department to seek a Banking license from RBI through the Licensing Scheme meant for private sector has been an object of discussion since the announcement was made. The application is a source of embarassment to RBI which now has the challenge of deciding whether to grant a license to Indian Post or not as a traditional Bank.

     There have been many positive reviews by experts indicating why Indian Post deserves a Banking license. However, I am personally not convinced that it is a good idea for Indian Post to become a “Commercial Bank”. In fact Indian Post has a greater future by simply modernizing its traditional services rather than becoming a Bank. By converting itself into a Bank, India will lose a great digital post service that can be developed by only the department of post and not by any other entity in future.

     Let me present some of my preliminary views in this regard so that E&Y instead of advising the Postal department to convert itself into a Bank can work on how to modernize the postal system into a “Digital Postal System”.

PROPOSAL FOR SUPPLY OF BI-CYCLES TO BRANCH OFFICES

S.K. Sinha
CGM (MB)

DO No. 17-3/2013-MV

Dated 05/07/2013

Dear 

There is a proposal to supply bicycles to Branch Offices for providing better postal access to the rural areas and also for delivery of mail.

2. In this context, requirement of bicycles regarding their utility in your Circle for procurement of rural business like booking of articles, money orders, etc. through hand held devices need to be re-assessed. It may be kept in view that bicycles will also be used delivery of mails pending on local terrain, climate conditions like heavy rainfall, extreme heat and cold, etc. You may also like to have views / comments on this issue from the field offices, and especially from divisions falling in difficult areas like hilly areas, and desert areas, areas having very high rainfall.

3. Kindly communicate your requirement of bicycles accordingly within one week positively.

With regards,

Yours Sincerely

(S.K. Sinha)

Registered letters can't be returned as "Unclaimed" : Madras high court

CHENNAI: The Madras high court has frowned on mechanical return of registered letters as "unclaimed" by postmen, and said that in case they could not be delivered, proper reasons must be given.

Justice S Tamilvanan, underscoring the importance of a registered post in litigations and other matters, said that when people pay a fee and affix sufficient postal stamp, the postal authorities or postmen must discharge their duties in a responsible manner. The postman should make it clear as to whether the registered letter was served on the addressee or refused by the addressee or no addressee was found in the given address, the judge said.

The Probationers of IPS, Group A of 2010 (Supplementary) & 2011 Batches-Circle of Allotment

Click here to view details

Filling up the Post in Postmaster Grade-I and II in Post offices (POs) in Postal Circles

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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.