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:

ParameterEligibility criteriaReward
All EUCollection amount above Rs. 50,000 up to Rs. 1,00,0002X incentive on each eligible collection
All EUCollection amount above Rs. 1,00,0003X incentive on each eligible collection
PAN India Top 10 parameters in each CircleMinimum Rs. 1,00,000 collection amountRecognition by Circle at a common event.

° IPPB Branches/ Divisional Heads:

ParameterEligibility criteriaReward
PAN India Top 10 Branches and Divisions Minimum Rs. 20 lakh collection amountDinner with CPMG @ 3000 INR per Circle

° Regions/ PMGs:

ParameterEligibility CriteriaReward
PAN India Top 5 RegionsMinimum Rs. 60 lakh collection amountDinner with CPMG @ 5000 INR per Circle

° Circles/ CPMsG:

ParameterEligibility CriteriaReward
PAN India Top 3 CirclesMinimum Rs. 1 crore collection amountDinner 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)

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