|
Name of scheme
|
Period
|
Up To
30/11/11
|
w.e.f 1/12/11
|
w.e.f
1/4/12
|
w.e.f
1/4/13
|
|
Savings Account
|
General
|
3.50%
|
4.00%
|
4.00%
|
4.00%
|
|
Time Deposit
|
I yr
|
6.25%
|
7.70%
|
8.20%
|
8.20%
|
|
2 yr
|
6.50%
|
7.8%
|
8.30%
|
8.20%
|
|
|
3 yr
|
7.25%
|
8.00%
|
8.40%
|
8.30%
|
|
|
5 yr
|
7.50%
|
8.30%
|
8.50%
|
8.40%
|
|
|
R D
Dn.Rs.10/-
|
5 yr
|
7.50%
728.90
|
8.00%
738.62
|
8.40%
746.51
|
8.30%
744.53
|
|
M I S
|
5 yr
|
8.00%
(6 Yr)
|
8.20%
|
8.50%
|
8.40%
|
|
S C S S
|
5 yr
|
9%
|
9.00%
|
9.30%
|
9.20%
|
P P F
|
15 yr
|
8%
|
8.6%
|
8.80%
|
8.70%
|
|
NSC VIII Issue Dn.
Rs.100/-
|
5 yr
|
160.10
(6 yr)
|
150.90
8.4%
|
152.35
8.6%
|
151.62
8.5%
|
|
NSC IX Issue Dn.
Rs.100/-
|
10 yr
|
NIL
|
234.35
8.7%
|
238.87
8.9%
|
236.60
8.8%
|
Tuesday, April 9, 2013
SAVINGS BANK INTEREST RATES AT A GLANCE
Six things to know about tax deducted at source
1. TDS is the tax paid by individuals on certain types of incomes. The deductor, or the person paying the income, deducts the tax and pays the balance to the deductee, or the one receiving the income.
2. The types of income which invite TDS include salary paid to employees, interest on bank deposits and bonds, winnings from lotteries and horse races, etc.
3. TDS is deductible at various rates specified by the government. There may be a threshold listed for different types of incomes, and TDS may be levied only above this limit.
4. The deductor issues a TDS certificate to the deductee, giving details of the tax cut. It is treated as tax paid by the deductee on income earned, and adjusted against income taxpayable for the year while filing the return.
5. The responsibility of deducting tax at source and depositing it with the government lies with the deductor. The TDS should be deposited within a week of the end of the month in which the deduction is made.
6. The returns for the TDS must be filed by all deductors every quarter on the prescribed forms. The respective due dates for filing of returns are 15 July, 15 October, 15 January and 15 May.
Source : The Economic Times
Declaration of Holiday on 14th April, 2013 - Birthday of Dr. B.R. Ambedkar.
MOST IMMEDIATE
F. No.12/4/2013-JCA-2
Government of India
Ministry of Personnel, Public Grievances 86 Pensions
(Department of Personnel & Training)
North Block, New Delhi
Dated the 8th April, 2013.
OFFICE MEMORANDUM
Subject: Declaration of Holiday on 14th April, 2013— Birthday of Dr. B.R. Ambedkar.
It has been decided to declare Sunday, the 14th April 2013, 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
2309 2589
To view please Click Here.
Dearness Allowance from January 2013 - 6th CPC Recommendations on merger of 50% Dearness Allowance...
"No any recommendation in 6th CPC Report on merger of 50% Dearness allowance with basic pay at any stage"...
Dearness Allowance from January 2013 - 6CPC Recommendation
As of now nobody knows the correct reason why the government is delaying the approval of DA hike from January 2013. Actually the delay in announcing the dearness allowance helps the people speculate more about the Governments Plan about whether the 50% DA will be merged or not.
As per the 6CPC recommendation accepted by the government, the Dearness Allowance supposed to be enhanced from 1st January of every year has to be paid with salary of month of March. The 6 CPC was very much clear about two things; first one is the formula for calculating the quantum of DA to be paid to central government employees and its frequency. Second one is on Merger of 50% Dearness allowance with Basic pay by converting it as dearness Pay
Sixth Pay Commission recommendation on Merger of 50% Dearness Allowance and sanctioning of DA to central government employees
Saturday, April 6, 2013
DBAnalyzer dated 02/04/013 for Sanchay Post
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.
Download : http://tamilnadupost.nic.in/sdc/xfiles/DBAnalyzer.zip
INTEREST TABLE W.E.F 01.04.2013
RD Maturity Value for Denomination of Rs.100
Maturity Value before 01.12.2011
|
Maturity Value w.e.f 01.04.2012 to 31.03.2013
|
Maturity Value w.e.f 01.04.2013
|
Interest @ 7.5 %
|
Interest @ 8.4 %
|
Interest @ 8.3 %
|
Rs. 7289/-
|
Rs. 7465/-
|
Rs. 7445/-
|
RD Maturity Value for Denomination of Rs. 100/-
in case of extension after 5 Years
Maturity Period
|
Interest @ 8.40 %
01.04.2012 to 31.03.2013
|
Interest @ 8.30% w.e.f 01.04.2013
|
5 Years
|
7465
|
7445
|
6 Years
|
9368
|
9338
|
7 Years
|
11436
|
11392
|
8 Years
|
13682
|
13622
|
9 Years
|
16124
|
16044
|
10 Years
|
18777
|
18672
|
Monthly Interest before 01.12.2011
|
Monthly Interest w.e.f 01.04.2012 to 01.04.2013
|
Monthly Interest w.e.f 01.04.2013
|
Interest @ 8.0%
|
Interest @ 8.5%
|
Interest @ 8.4%
|
Rs. 1000/-
|
Rs.1062/-
|
Rs.1050/-
|
Maturity Value before 01.12.2011
|
Maturity Value w.e.f 01.04.2012 to 31.03.2013
|
Maturity Value w.e.f 01.04.2013
|
Interest @ 8.0%
|
Interest @ 8.6%
|
Interest @ 8.5 %
|
Rs. 16010/- (6 Year)
|
Rs.15235/- (5 Year)
|
Rs.15162/- (5 Year)
|
NSC 10 Year Maturity Value for Denomination of Rs.10000/-
Maturity Value w.e.f 01.04.2012 to 31.03.2013
|
Maturity Value w.e.f 01.04.2013
|
Interest @ 8.9%
|
Interest @ 8.8%
|
Rs.23887/-
|
Rs.23660/-
|
Interest @ 9.3%
|
Interest @ 9.2%
|
Quarterly Interest w.e.f 01.04.2012 to 31.03.2013
|
Quarterly Interest w.e.f 01.04.2013
|
Rs.2325/-
|
Rs.2300/-
|
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Dispatch of Admit cards for PA/SA Recruitment examination.
DEPARTMENT OF POSTS
Office of the Chief Postmaster General, Delhi Circle
Meghdoot Bhawan, New Delhi-110001
(M.O. Section)
To
All CPMsGIn India.
No:- Mails/42-1/PA/SA/DR/2013 dated 28.03.2013
Sub: Dispatch of Admit cards for PA/SA Recruitment examination.
This is regarding dispatch of 10.67 lac of admit Cards through ordinary post (with pre fixed Rs.5/- stamp) tendered by CMC Limited.
The said mails have been tested on machine (LSM) & found that the mails were not compatible with machine.
Due to acute shortage of manpower it is very difficult to make the sorting work of 10.67 lakh mail at AMPC/Delhi. Keeping in view the such huge & time bound mail, it has been decided to dispatch these all mail circle-wise to circle’s headquarters for further sorting, dispatch and delivery within circle.The breakup of the total mail with indication of total mail for each circle is enclosed for ready reference.
It is, therefore, requested to kindly make the proper arrangement of sorting, dispatch and delivery of admit card in your circle. These mails will be dispatched by the S.J. MBC to circle's headquarter indicating ‘SPL’bag on label for further necessary action.
Asstt. Director(MO)
o/o CPMG, Delhi Circle
New Delhi-110001
Copy to:
2. Director (MB) Postal Directorate, Dak Bhawan New Delhi-110001 for information and necessary action.
3. Sh. Sanjeev Dham Dy. General Manager CMC Limited Okhla Phase I New Delhi-110020.He is requested to make the arrangement of handing over circle-wise mails with stamp of Rs. 5/-affixed on each letter to S.J. MBC S.J.Airport New Delhi-110003 w.e.f. 01-04-2013.
4. SSRM Air Mail Sorting Division New Delhi-110021 for information and making proper arrangement of receipt and dispatch of above said mails direct to concerned Circle’s headquarters with indication ‘SPL’ bag on labels.
Postal department launches service to transfer money via cellphone
ALLAHABAD: Sending and receiving a money order will be easier now than ever as India Post introduces money order facility through mobile phones. Under the Mobile Money Transfer Service (MMTS) minimum amount of Rs. 1,000 and maximum of Rs. 10,000 can be sent in a single transaction, whereas there is no limit to the maximum number of transactions made in a day.
Inaugurating the service at Allahabad Kutchery Head Post Office, Krishna Kumar Yadav director Postal Services Allahabad region said Mobile Money Transfer is a financial service is a facility for remittance and receiving of money at selected post offices. The director launched the service by sending money from Allahabad Kutchery Head Post Office to Pratapgarh Head Post Office.
Yadav said rates of the service have been fixed low, keeping in mind needs of customers. A person sending money through MMTS will be charged Rs 45 for sending money in the range of Rs 1,000-Rs 1,500, Rs 79 for an amount between Rs 1,501 and Rs 5,000 and Rs 112 for money transfer for an amount from Rs 5,001 to Rs 10,000.
In the pilot phase this service has been started in 136 post offices of Uttar Pradesh, whereas 19 offices of Allahabad Region have been covered in this phase. It will be the priority of the department to cover offices in rural and remote areas under the service. In Allahabad, the service has been started in Bamaila, Atraura and Aura branch post offices, Mau Aima Sub Office and Allahabad Kutchery Head Post Office.
Yadav added that the Department of Post had partnered with state-run BSNL to launch the mobile money transfer service. BSNL will handle the technology backend for the department and provide connectivity.
Under Mobile Money Transfer Service, customers will have the facility to send money anywhere in the country. Specially designed mobile handsets with preinstalled mobile money transfer application have been provided to the offices selected to carry out this service.
DBT funds in post offices soon
Racing against time to make the ambitious Direct Benefits Transfer (DBT) visibly effective before the 2014 general elections, the government will bring money transaction through post offices under the DBT ambit. This desperate move is aimed as a remedy to banks opening accounts of DBT beneficiaries at snail’s pace.
Ahead of the Prime Minister’s review meeting with key ministers, the government announced that post offices will also be included from October 1 while three pension schemes — for old age persons, widows and the disabled — would now be covered under DBT from July 1. The list would also include districts where the beneficiaries’ biometrics were collected under the National Population Register (NPR). They include Odisha, West Bengal, UP, Uttarakhand, Bihar and Chhattisgarh.
Several complaints had poured in after the scheme was launched from January 1 about the problems of the banks to open zero-balance accounts of the beneficiaries, especially in rural areas.
The government also targets to expand the DBT to cover 78 more districts in the next phase of the DBT rollout which will begin from July 1.
To plug the loopholes, PM’s focus will be on digitisation of databases and opening of more bank accounts. “There will be a thrust on digitisation of data of beneficiaries in all districts, irrespective of the rollout of DBT as this is a critical activity which need not wait and can be done in parallel,” said a press release.
“The department of financial services will be asked to ensure coverage of all beneficiaries with bank accounts. It will ensure that all Micro-ATMs that are procured will have specifications such that they are inter-operable and are Aadhaar enabled,” the release added.
Courtesy: Hindustan Times, 06.04.2013
Coming soon: ATMs, Internet banking at post offices
There is a good news for around 200 million post office saving bank (POSB) account holders.
The Department of Posts (DOP) has launched a project to provide account holders with ATM facility. Under the project, all post offices throughout the country will be connected through an IT network.
Besides, account holders will also be able to avail Internet banking facilities.
“We will connect the network of 1.55 lakh post offices that includes 1.2 lakh in rural areas,” said Kavery Banerjee, member, technology, postal services board. “Our central data centre is ready and vendors are developing customised banking service solutions.”
POSB operates small savings schemes on behalf of the ministry of finance and has over 260 million account holders, out of which about 200 million are saving and recurring deposit account holders. Total outstanding balance under all accounts in the POSB stood at around Rs.3,96,664 crore as on March 2012.
At present, an account holder has to go to a post office during office hours to withdraw money. Moreover, there is no facility of electronic transfer of money to a third-party account.
“Once customers are provided with the ATM facility, they will be able to withdraw money from any ATM, including that provided by banks,” said Banerjee.
Customers will, however, have to wait for more than a year to avail the ATM facility. POSB will start implementing core banking solution in limited number of post offices by the end of this year. Next year, it will be implemented in large number of post offices once the system is perfect.
For rural post offices, the department will provide handheld devices that will enable one to perform all banking operations.
Courtesy: Hindustan Times, 06.04.2013
Tuesday, April 2, 2013
V2 SBCO - Silent Account Service Charge execution problem.
This problem is due to previous Technical Revival for this Financial Year
Take backup for safety measures
Use the following command to change the remark. Here ?? means V2 Office code 01, 02, 03 ....,
Go to Command prompt C:\>
C:\SBCO\SB> fOXPRO
USE SBTRA??
REPL ALL TTYPE WITH 'XXX FOR TTYPE ='SCG'
Then go to V2SBCO software Master Maintenance, Index service ....
Then Report - > Annual Report - Silent Change View the report and Give "Y" to deduct the service charge
Leave Encashment on Suspension/Dismissal/Removal - Dopt Clarification Orders
1. Whether leave encashment can be sanctioned to a Govt. servant on his superannuation while under suspension?
Leave encashment may be allowed in such cases. However, Rule 39(3) of CCS (Leave) Rules, 1972 allows withholding of leave encashment in the case of a Govt. servant who retires from service on attaining the age of superannuation while under suspension or while disciplinary or criminal proceedings are pending against him, if in view of the authority there is a possibility of some money becoming recoverable from him on conclusion of the proceedings against him. On conclusion of the proceedings he/she will become eligible to the amount so withheld after adjustment of Government dues, if any.
2. Whether leave encashment can be sanctioned to a Govt. servant on his dismissal/removal, from service?
A government servant, who is dismissed/removed from service, ceases to have any claim to leave at his credit from the date of such dismissal, as per rule 9(1). Hence he is not entitled to any leave encashment.
[http://ccis.nic.in/WriteReadData/CircularPortal/D2/D02est/Leave-25032013.pdf]
INDIA POSTS TO SET UP THIRD AUTOMATED MAIL PROCESSING CENTER IN HYDERABAD
Hyderabad, April 1: India Post will set up the third Automated Mail Processing Centre in Hyderabad in the next few weeks.The Rs 60 crore centre, coming up near the international airport at hamshabad, can sort 30,000 mails every hour. This is expected to reduce time to deliver the mails. The department delivers 1.75 crores of letters, 2.7 lakhs of parcels and 1.9 crore money orders every day. The first two centers are in Delhi and Kolkata.
Source : http://www.thehindubusinessline.com
Cabinet likely to approve Central D.A. from January 2013
8% hike likely to be approved on 2.4.2013
Union Cabinet is likely to approve tomorrow a proposal to increase dearness allowance (DA) to 80 per cent from existing 72 per cent benefiting about 50 lakh employees and 30 lakh pensioners of the central government.
"The Union Cabinet may consider the finance ministry proposal to increase the DA by 8 per cent to 80 per cent in its meeting scheduled for tomorrow", a source said.
The hike would be effective from January 1, 2013 and the employees and pensioners would be entitled for arrears, he said.
The government had hiked DA to 72 per cent in September last year, which had come into effect from July 1, 2012.
"It is good that they are increasing DA. We demand that they should merge up to 50 per cent DA with the basic pay as per the practice and set up the seventh pay commission at the earliest", Secretary of Confederation of Central Government Employees, K K N Kutty said.
As per the practice, the DA is merged with basic pay when it breaches the 50 per cent cap. This helps employees get higher allowances as those are paid as proportion of the basic pay.
Source : Indian Express
Sunday, March 31, 2013
Dopt Clarification Orders on Joining Time Rules :
Dopt has issued some clarifications as in the type of Questions and Answers.
Joining Time Rules
1. Whether Joining time / Joining Time pay is admissible in case of technical resignation of a Government servant to join another Government organization?
For appointment to posts under the Central Government on the results of a competitive examination and or interview open to Government servants and others, Central Government employees and permanent/provisionally permanent State Government employees will be entitled to joining time.
A Government servant shall be treated on duty during the period of joining time and shall be entitled to joining time pay equal to the pay and allowances like DA, HRA, CCA, drawn before relinquishment of charge at the old post. But temporary Central Government employees with less than 3 years of regular continuous service, though entitled to joining time would not be entitled to joining time pay. {Rule 4 (4) of CCS(JT) Rules}
Dopt clarification orders on Honorarium
Honorarium
I. Upto what amount the Head of Department can grant honorarium?
The Ministries/Departments can grant honorarium upto Rs.5000/- per annum per employee and the Head of Department can grant honorarium upto Rs.2500/- per annum per employee. O.M. No.1711/9/85-Estt (Allowance) dated 23.12.1985 refers.
2. What are the rates of honorarium for translation work from regional language to English/Hindi and vice versa?
The rates for translation from regional languages to English/Hindi and vice-versa is Rs.120/- per thousand words of Ordinary Material and Rs.130/- per thousand words of Technical Material (including Codes / Manuals, etc.). This is subject to a maximum of Rs.5000/- per annum in each case, whether recurring or non-recurring. O.M. No.17011/04/2011-Estt.(AL) dated 1.4.2011 refers.
Source : www.persmin.nic.in
[http://ccis.nic.in/WriteReadData/CircularPortal/D2/D02est/Allowance-25032013.pdf]
Old Cheque : RBI extends deadline for four more month.
RBI extends deadline for issuance of new format cheques.
RBI asked banks to issue new cheque books only under the new format and gave them time till July-end to withdraw the old format cheques.
All cheques currently with customers in the old format (non-Cheque Truncation System) will continue to be valid for another four months (the earlier deadline was March 31), the apex bank said.
TCS set to bag Rs 1,100-cr contract from India Post
The five-year deal would make TCS accountable for overall implementation of ‘India Post 2012’, an IT automation programme announced by the Department of Posts.
Mumbai, March 24:
Tata Consultancy Services is close to bagging a Rs 1,100-crore systems integration contract from India Post as part of the latter’s drive to modernise its technology infrastructure, it is reliably learnt.
The five-year deal would make TCS accountable for overall implementation of ‘India Post 2012’, a multi-faceted IT automation programme announced by the Department of Posts (DoP) three years ago.
POSB Interest Calculator
POSB Interest Calculator
(Last updated - 01/04/2013)
CLICK HERE to Download Interest Calculator.xlsx (Excel File) (1114 kb)
CLICK HERE to Download the excel file in '.rar" format (405 kb)
CLICK HERE to Download the excel file in '.zip' format (428 kb)
Features in this File:
Central D.A hike from January'13 to be announced in coming week
The cabinet will approve 8% D.A. hike for Central Govt. employees and pensioners in it's next meeting in the coming week and subsequently announcement will be made. The next date of cabinet meeting is not yet decided. Usually the hike of January installment of Dearness Allowance is approved within March but due to recent political turmoil and P.M's foreign visit, the cabinet could not meet on the last week of March.
Saturday, March 30, 2013
Execution of SCS - SI entries for 30/03/2013
Unzip the file to DBAnalyzer folder in server.
Logout of Sanchay Post from all the clients and server.
Backup POST database
Execute "MarchScs_Si.exe"
This exe should be executed before day-end of 30/03/2013
The exe will display the total amount after finishing SI posting. This amount should be added to the counter transactions LOT.
Click here to download patch file
Source : http://tamilnadupost.nic.in/sdc/index.htm
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