Category: Gazette Notification

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Post Office Savings Account (Amendment) Scheme 2021 : Gazette Notification dtd 09-04-2021

Post Office Savings Account (Amendment) Scheme 2021 : Download PDF – https://drive.google.com/file/d/13ETdUr5xYnR3vPYu3p8KLB2Y9dsFQVYy/view?usp=sharing

i) Introduce of new type of account – Basic Saving account with zero balance

ii) Service charge for non maintenance of minimum balance – Rs. 50 (inclusive of GST)

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Postman and Mail Guard Group’C’ post Recruitment (Amendment) Rules 2020

Postman and Mail Guard Group'C' post Recruitment (Amendment) Rules 2020

Postman and Mail Guard Group’C’ post Recruitment (Amendment) Rules, 2020

No. 03-0212017-SPN-

Government of India

Ministry of Communications

Department of Posts

                                                                                              Dak Bhawan, Sansad Marg,

                                                                                              New Delhi, dated 08 .06.2020

To,

  1. All Chief Postmasters General
  2. All Postmasters General

Subject: Department of Posts Postman and Mail Guard (Group’C’ post Recruitment (Amendment) Rules, 2020

Madam/Sir,

I am directed to forward herewith a copy of Department of Posts Postman and Mail Guard (Group’C’post) Recruitment (Amendment) Rules, 2020 dated 05.03.2020 notified in the Official Gazette of India, Extraordinary. Part-ll, Section 3, Sub-section (i).

  1. It is requested that the provisions of recruitment rules may be brought to the notice of all concerned.

                                                                                                                      Yours faithfully,

                                                                                                                (Muthuraman C.)

                                                                                          Assistant Director general (SPN)

Encl: As above

Copy for information to:

  1. Secretary (Posts)
  2. Secretary (PSB)
  3. All Members of the Postal Service Board
  4. cGM (BD) / CGM (MB) / CGM (PLI)
  5. AII Deputy Directors Genera
  6. RAKNPA Ghaziabad
  7. Director (CEPT), Mysore for uploading the letter along with the Recruitment Rules of Postman and Mail Guard in the India Post website.

[भाग II—खण् ड 3(i)]                     भारत का राजपत्र : असाधारण 3.

MINISTRY OF COMMUNICATIONS

(Department of Posts)

NOTIFICATION

New Delhi, the 5th March, 2020

 

   G.S.R. 157(E).—In exercise the powers conferred by the proviso to article 309 of the Constitution,

the President hereby makes the following rules to amend the Department of Posts Postman and Mail Guard

(Group ‘ C’ post) Recruitment Rules, 2018, namely:-

www.postalblogs.com

  1. Short title and commencement.–

 

  • These rules may be called the Department of Posts Postman and Mail Guard (Group ‘C ’post) Recruitment (Amendment) Rules, 2020.
  • They shall come into force on the date of their publication in the Official Gazette.

 

  1. In the Department of Posts Postman and Mail Guard (Group ‘C’ post) Recruitment Rules, 2018, in the SCHEDULE,–

(A) in serial number 1 relating to the post of Postman, under column (7), for the existing entries, the following

entries shall be substituted, namely:-

  • 12th standard pass from a recognised Board;
  • 10th standard pass from a recognised Board for the persons who are.  working as Gramin Dak Sevak.
  • The candidate shall also possess the following, namely:-
  • knowledge of local language of the concerned Postal Circle or Division and the candidate should has studied local language upto 10th standard.
  • knowledge of working on computer.

 

Note 1: The local language of a Postal Circle or Division shall be published by the Department of Posts.

Note 2: The person appointed to the post of Postman shall acquire a driving licence to drive two wheeler or three wheeler or light motor vehicle within a period of two years from the date of his appointment. However, persons with disability shall be exempted from the requirement of driving licence.

Note 3: A candidate not having valid driving license at the time of appointment shall not earn periodical increment in pay till production of such license or for a period of five years from the date of appointment whichever is earlier and after production of such license or expiry of such five years period, pay shall be restored prospectively to the level pay would have reached had the periodical increment in pay was not withheld and no arrears of pay shall be paid for the intervening period.”;

(B) in serial number 2 relating to the post of Mail Guard, under column (7), for the existing entries, the

following entries shall be substituted, namely:-

―(a) 12th standard pass from a recognised Board;

(b) 10th standard pass from a recognised Board for the persons who are working as Gramin Dak Sevak.

The candidate shall also possess the following, namely:-

(i) knowledge of local language of the concerned Postal Circle or Division and the candidate

should have studied local language up to 10th standard;

(ii) knowledge of working on computer.

Note: The local language of a Postal Circle or Division shall be published by the Department of

Posts.‖.

.                                                                                                  [F. No. 03-02/2017-SPN-I]

                                                                    SATYA NARAYANA DASH, Director (SPN)

 

Footnote: – The principal notification was published in the Gazette of India, Extraordinary, Part-II, Section 3,

Sub-section (i), vide number G.S.R. 899(E), dated the 20th September, 2018.

 

 

 

 

 

Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-11006 and Published by the Controller of Publications, Delhi-110054. MANOJ KUMAR VERMA Digitally signed by MANOJ KUMAR VERMA

Date: 2020.03.07 14:32:36 +05’30’

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Major changes in POSB Schemes || Gazette Notification dated 12.12.2019

For opening of new SB Account with minimum deposit of Rs.500/- and RD minimum deposit  of Rs.100 & TD deposit minimum Rs.1000

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In SB Penalty fee Rs 100 if the minimum of balance of Rs.500/- is maintained in the POSA Account 
Old accounts which were opened on or before 12.12.2019 also have to be maintained with Minmum balance Rs.500/
1. Sukanya Samriddhi Account  can deposit multiple of  Rs.50/-
2.Public Provident Fund (PPF) initial deposit must be Rs.500 and subsequent deposit can multiple of Rs.50/-
4. SCSS close at any time. Before one year means interest paid ( already) will be recovery
5. MIS Minimum Deposit Rs.1000/-
6. The minimum amount of monthly deposit in an account shall be one hundred rupees or any sum in 
multiples of ten rupees.
7. SB Account Initial Deposit Rs.500/-  and subsequent deposit multiple of 10/- and minimum withdrawal Rs.50/-.
8. for additional cheque book Rs.2/- per cheque. 
9.TD minimum Deposit Rs.1000/- with multiple of Rs.100/-
10. TD Account PMC allowed after 6 month 
11. NSC and KVP Minimum Deposit Rs.1000 and multiple of Rs.100/-.

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Post Office Saving Account Scheme 2019 – Gazette Notification

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Post Office Saving Account Scheme 2019 – Gazette Notification
NOTIFICATION
New Delhi, the 12th December, 2019
G.S.R. 921(E).—In exercise of the powers conferred by section 3A of the Government Savings Promotion Act, 1873 (5 of 1873), the Central Government hereby makes the following Scheme, namely:-
1. Short title and commencement.-
(1) This Scheme may be called the Post Office Savings Account Scheme, 2019.
(2) It shall come into force on the date of its publication in the Official Gazette.
2. Definitions.-
(1) In this Scheme, unless the context otherwise requires,-
(a) “account” means an account opened under this Scheme;
(b) “account holder” means an individual in whose name the Account is held;
(c) “Act” means the Government Savings Promotion Act, 1873 (5 of 1873);
(d) “Form” means forms appended to this Scheme;
(e) “General Rules” means the Government Savings Promotion General Rules, 2018;
(f) “year” means a period of twelve months commencing on the 1st day of April.
(2) Words and expressions used herein but not defined shall have the meanings assigned to them in the Act and in the General Rules.
3. Type of Account.-
(1) An account may be opened by making an application in Form-1 by the following:-
(a) a single adult;
(b) two adults jointly;
(c) a guardian on behalf of a minor;(d) a guardian on behalf of a person of unsound mind;
(e) a minor who has attained the age of ten years, in his own name:
Provided that only one account can be opened by an individual as a single account:
Provided further that an account under clause (e) can only be opened if an account under clause (c) does not exist in the name of the minor or vice versa.
(2) The share of an individual in the balance in a joint account shall be in equal proportion. On the death of one of the account holder in a joint account, the surviving account holder shall be treated as the sole owner of the account and he may continue the account in accordance with the provisions of this Scheme provided another single account is not held in his name. In case a single account exists in the name of the surviving holder, the account shall have to be closed.
4. Deposits and withdrawals.-
(1) The account may be opened with a minimum deposit of five hundred rupees and no subsequent deposit shall be accepted for an amount less than ten rupees.
(2) There shall be no maximum limit of deposit in an account.
(3) Withdrawals from the account for not less than fifty rupees may be made by presenting pass book along with Form-2 duly filled in and signed. Withdrawals from the account may also be made subject to the availability of balance above minimum prescribed limit by way of cheque or electronic means.
(4) No withdrawal shall be permitted which has the effect of reducing the balance to less than five hundred rupees.
(5) In case of an account having a balance of less than five hundred rupees immediately before the commencement of this Scheme, the account holder shall deposit the difference amount within a period of one year from the date of commencement of this Scheme, so as to bring the balance in the account to a minimum of five hundred rupees and the accounts office shall be responsible for advising the account holder through appropriate mode to make the required deposits within the specified date.
(6) If the account holder fails to make such deposit within the specified period, an account maintenance fee of one hundred rupees shall be deducted from the account on the last working day of each financial year and after deduction of the account maintenance fee, if the balance in the account becomes nil, the account shall stand automatically closed and the account holder shall be notified accordingly. This provision shall be applicable to all accounts including Silent Account.
(7) All deposits and withdrawals shall be made in whole rupees only.
5. Interest on deposits in an account.-
(1) The interest at the rate of four per cent per annum shall be allowed for a calendar month on the lowest balance at the credit of an account between the close of the tenth day and the end of the month, and such interest shall be calculated and credited in the account at the end of each year.
(2) The interest shall be allowed only on sums of whole rupees and shall be rounded off to the nearest rupee and for this purpose any amount of fifty paisa or more shall be treated as one rupee and any amount less than fifty paisa shall be ignored.
(3) No interest shall be allowed on an account for any month in which the balance at credit is below five hundred rupees at any time between the tenth and the last day of the month.
(4) If an account is closed during a year, interest shall be allowed upto the end of the month preceding the month in which the account is closed.
(5) In the event of death of an account holder, the interest in his account shall be paid only in the end of the month preceding the month in which the account is closed.
6. Confirmation of balance.- A pass book or statement of account of the account holder shall be issued by the accounts office. The account holder may confirm balance in his account by presenting his pass book during office hours.
7. Issue of cheque book.-
A cheque book containing ten leaves may be issued to the account holder on an application, free of charge in a year. Subsequent issue of cheque book shall be charged at two rupees per cheque.
8. Silent Account.-
(1) An account in which a deposit or a withdrawal has not taken place for three complete years, shall be treated as a Silent Account and credit of interest in a Silent Account shall not be treated as a transaction.
(2) Transaction in a Silent Account shall be allowed only after revival of account. The account can be revived through an application by the account holder and after completion of the due process by the accounts office.
9. Final withdrawal on closure.-
The account may be closed at any time by the account holder by surrendering the pass book, unused or partially used cheque book, if any, etc. to the accounts office, along with the application in Form-2 for closure of the account.
10. Application of General Rules.-
The provisions of the General Rules shall, so far as may be, apply in relation to the matters for which no provision has been made in this Scheme.
11. Power to relax.-
Where the Central Government is satisfied that the operation of any of the provision of this Scheme causes undue hardship to an account holder, it may, by order for reasons to be recorded in writing, relax the requirements of that provision in a manner not inconsistent with the provisions of the Act.
[F.No.2/2/2018 NS (Pt.I)]
RAJAT KUMAR MISHRA, Jt. Secy.
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Senior Citizens Saving Scheme (SCSS) 2019 – Gazette Notification

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Senior Citizens Saving Scheme 2019 – Gazette Notification
NOTIFICATION

New Delhi, the 12th December, 2019
G.S.R. 916(E).—In exercise of the powers conferred by section 3A and section 15 of the Government Savings Promotion Act,1873 (5 of 1873), the Central Government hereby makes the following Scheme, namely:-
1. Short title and commencement.-
(1) This Scheme may be called the Senior Citizens’ Savings Scheme, 2019.
(2) It shall come into force on date of its publication in the Official Gazette.
2. Definitions.-
(1) In this Scheme, unless the context otherwise requires,-
(a) “account” means an account opened under this Scheme;
(b) “account holder” means an individual in whose name the account is held;
(c) “Act” means The Government Savings Promotion Act, 1873 (5 of 1873);
(d) “Form” means forms appended to this Scheme;
(e) “General Rules” means the Government Savings Promotion General Rules, 2018;
(f) “year” means a period of twelve months commencing from the date of deposit in the account.
(2) Words and expressions used herein but not defined shall have the meanings assigned to them in the Act and the General Rules.
3. Opening of account.-
(1) An individual fulfilling the following conditions may open an account by making an application in Form-1 to the accounts office, namely:-
(i) who has attained the age of sixty years on the date of opening of the account; or
(ii) who has attained the age of fifty-five years or more but less than sixty years, and who has retired on superannuation or otherwise on the date of opening of an account under this Scheme, subject to the condition that the account is opened by such individual within one month of the date of receipt of the retirement benefits and proof of date of disbursal of such retirement benefit(s) along with a certificate from the employer indicating the details of retirement on superannuation or otherwise, retirement benefits, employment held and period of such employment with the employer, is attached with the application form:
Provided that the retired personnel of Defence Services (excluding Civilian Defence employees) shall be eligible to open an account under this Scheme on attaining the age of fifty years subject to the ful filment of other specified conditions.
(2) The successor or legal heir of a deceased serving personnel shall not be eligible to deposit the terminal benefits of such deceased personnel under this Scheme.
(3) An account holder may operate more than one account under this Scheme subject to the condition that the deposits in all the accounts taken together shall not exceed the maximum limit as specified under paragraph 4.
(4) An individual may open an account in individual capacity, or jointly with spouse.
(5) In case of a joint account, the age of the first account holder shall be considered to determine the eligibility to open the account and there shall be no age-limit for the second applicant.
(6) The whole amount of deposit in a joint account shall be attributable to the first account holder only.
(7) Both the spouses can open single account and joint accounts with each other with the maximum deposit of upto fifteen lakhs rupees in each account provided both are individually eligible to open the account.
4. Deposit.-
(1) The account shall be opened with a minimum deposit of one thousand rupees or any sum in multiples of one thousand rupees not exceeding fifteen lakh rupees:
Provided that the deposits in the account specified under clause (ii) of sub-paragraph (1) of paragraph 3, shall be restricted to the retirement benefits received, or fifteen lakh rupees, whichever is lower.
Explanation.- For the purposes of this sub-paragraph, “retirement benefits” means any payment due to the account holder on account of retirement on superannuation or otherwise and includes Provident Fund dues, retirement or superannuation gratuity, commuted value of pension, cash equivalent of leave, savings element of Group Savings Linked Insurance Scheme payable by the employer on retirement, retirement-cum- withdrawal benefit under the Employees’ Family Pension Scheme and ex-gratia payments under a voluntary or a special voluntary retirement scheme.
(2) There shall be only one deposit in the account.
(3) Where a deposit in excess to the ceiling specified under sub-paragraph (1) has been made, the accounts office shall, refund the excess deposit to the account holder immediately.
5. Interest on deposit.-
(1) The deposit made under this Scheme shall bear interest at the rate of 8.6 per cent. per annum.
(2) Interest shall be payable from the date of deposit to 31st March/30th June/30th September/31stDecember on first working day of April/July/October/January, as the case may be, in the first instance and thereafter interest shall be payable on first working day of April/July/October/January as the case may be.
(3) If so authorised by the account holder, interest payable on the due dates as specified in sub-paragraph (2), shall be credited to the account holder’s savings account.
(4) If the interest payable every quarter is not claimed by an account holder, such interest shall not earn additional interest.
(5) Any amount of interest in fraction of a rupee shall be rounded off to the nearest rupee and for this purpose, any amount of fifty paisa or more shall be treated as one rupee and any amount less than fifty paisa shall be ignored.
(6) The excess amount referred to in sub-paragraph (3) of paragraph 4, shall carry interest at the rate applicable from time to time to the Post Office Savings Account and such interest shall be payable from the date of deposit of excess amount to the date of refund.
(7) In case of an account extended after maturity under sub-paragraph (1) of paragraph 8, the deposit in such account shall earn interest at the rate applicable to the Scheme on the date of maturity.
(8) Interest at the rate applicable to the Post Office Savings Account shall be payable on deposits in the account which are not extended as per provision of paragraph 8 or closed on maturity or extended maturity.
(9) The interest for any period less than a quarter (as specified under the Scheme) shall be calculated as per the following formula:-
Number of days in the period x Interest for the quarter Total number of days in the quarter
(10) If the interest is not claimed on the due date, it can be claimed on any date after the due date.

6. Premature closure of account.-

(1) The account holder may withdraw the deposit and close the account at any time on an application in Form-2 subject to the following conditions, namely:-
(i) In case, the account is closed before one year after the date of opening of account, interest paid on the deposit in the account shall be recovered from the deposit and the balance shall be paid to the account holder.
(ii) In case the account is closed after the expiry of one year but before the expiry of two years from the date of its opening, an amount equal to one and a half per cent. of the deposit shall be deducted and the balance shall be paid to the account holder.
(iii) In case the account is closed on or after the expiry of two years from the date of its opening, an amount equal to one per cent. of the deposit shall be deducted and the balance shall be paid to the account holder.
(2) The account holder availing the facility of extension of account under sub-paragraph(1) of paragraph 8, may withdraw the deposit and close the account at any time after the expiry of one year from the date of extension of the account without any deduction.
(3) In case of premature closure, interest on the deposit shall be payable upto the date preceding the date of premature closure after deduction of penalty as specified in sub-paragraph(1).
(4) Multiple withdrawals from an account shall not be permitted.

7. Closure of account.-

(1) The deposit made at the time of opening of the account shall be paid on or after the expiry of five years or after the expiry of eight years where account was extended under paragraph 8 from the date of the opening of the account, on an application in Form-3.
(2) In case of death of the account holder before maturity or extended maturity, the account shall be closed and deposit refunded on an application in Form-3 along with interest as applicable to this Scheme till the date of the death of the account holder, to the nominee or the legal heirs, as the case may be:
Provided that interest on the deposits in the account shall earn interest at the rate applicable on Post Office Savings Account from the date of death of the account holder till the date of final closure of the account:
Provided further that in case of a joint account, or where the spouse is the sole nominee, the spouse may continue the account on the same terms and conditions as specified under this Scheme, if the spouse meets eligibility conditions under the Scheme on the date of death of the account holder.
(3) Where both the spouses have opened separate account or accounts under this Scheme and either of the spouses dies during the currency of such account or accounts, then such account or accounts standing in the name of the deceased account holder shall not be continued in accordance with the first proviso of sub- paragraph (2) and shall be closed.

8. Extension after maturity.-

(1) The account holder may extend the account for a further period of three years by making an application in Form-4 within a period of one year from the date of maturity.
(2) The extension of the account under sub-paragraph (1) shall be deemed to have been made from the date of maturity irrespective of the date of application.
(3) Extension of an account under sub-paragraph (1) shall be available only once.
(4) The account holder may close the account any time after one year from the date of extension of account without any deduction under sub-paragraph (1) of paragraph 6.

9. Application of General Rules.-

The provisions of General Rules shall, so far as may be, apply in relation to matters for which no provisions have been made in this Scheme.
10. Power to relax.- Where the Central Government is satisfied that the operation of any of the provisions in this Scheme causes undue hardship to the account holder, it may, by order, for reasons to be recorded in writing, relax the requirements of that provision in a manner not inconsistent with the provisions of the Act.
[F. No. 2/2/2018-NS (Pt. I)]
RAJAT KUMAR MISHRA, Jt. Secy.