Launch to MRHFL CMS (Cash Management System) Contest
Launch to MRHFL-CMS (Cash Management System) Contest from 1st June 2022 to 31st August 2022
No. 5-8/2019-PBl (Part-2)
Government of India
Ministry of Communications
Department of Posts
(PBl division)
Dak Bhawan, New Delhi
Dated 14 June 2022
To,
All CPMsG
Subject: – Launch to MRHFL-CMS (Cash Management System) Contest from 1st June 2022 to 31st August 2022.
Madam/Sir,
I am directed to refer to this division’s letter of even no. dated 22.04.2021 regarding the Launch of the cash Management services by IPPB in collaboration with M/s MRHFL.
2. It is observed that during the period from June-21 to April-22, the cash Management Business has declined by 91 %. Accordingly, in order to revive.the CMS business, IPPB has proposed to launch a 3-month campaign on MRHFL CMS tie up. Details are given below:
Contest Details
• Duration 1st June 2022 to 31st August 2022
• Participants: All EUs
• Rewards:
° End Users:
| Parameter | Eligibility criteria | Reward |
| All EU | Collection amount above Rs. 50,000 up to Rs. 1,00,000 | 2X incentive on each eligible collection |
| All EU | Collection amount above Rs. 1,00,000 | 3X incentive on each eligible collection |
| PAN India Top 10 parameters in each Circle | Minimum Rs. 1,00,000 collection amount | Recognition by Circle at a common event. |
° IPPB Branches/ Divisional Heads:
| Parameter | Eligibility criteria | Reward |
| PAN India Top 10 Branches and Divisions | Minimum Rs. 20 lakh collection amount | Dinner with CPMG @ 3000 INR per Circle |
° Regions/ PMGs:
| Parameter | Eligibility Criteria | Reward |
| PAN India Top 5 Regions | Minimum Rs. 60 lakh collection amount | Dinner with CPMG @ 5000 INR per Circle |
° Circles/ CPMsG:
| Parameter | Eligibility Criteria | Reward |
| PAN India Top 3 Circles | Minimum Rs. 1 crore collection amount | Dinner with CPMG @ 7000 INR per Circle |
NOTE: Bank is going to launch ChIS with other financial institutions shortly. All these CMS tie ups (since the time of launch) will be included in this contest.
3. In view of the above, the undersigned has been directed to request support from Circles for a successful campaign and extend fullest cooperation/support to IPPB.
Yours faithfully
(Mithilesh Kumar Mandal)
Assistant Director General (PBl-ll)