LIST OF POST OFFICES FOR ATM INSTALLATION

                      It is proposed to introduce the segments of Core Banking Solution relevant to Post office Savings Bank Scheme (POSB) in 2207 departmental post offices initially.
                     The Government proposes to provide ATM facility in 810 Post offices. following POs are identified for ATM in M.P. Circle :

1	Balaghat
2	Betul
3	BHEL HO
4	Bhind
5	Bhopal GPO
6	Chhatarpur
7	Chhindwara
8	CT.T.Nagar HO
9	Damoh
10	Dewas
11	Dhar
12	Guna HO
13	Hoshangabad
14	Indore GPO
15	Indore Nagar
16	Jabalpur
17	Jhabua
18	Katni
19	Khandwa
20	Khargone
21	Lashkar
22	Mandla
23	Mandsaur
24	Morar
25	Morena
26	Nardsinghpur
27	Neemuch
28	Raisen
29	Rajgarh
30	Ratlam
31	Rewa
32	Sagar Cantt.
33	Satna
34	Sehore
35	Seoni
36	Shahdol
37	Shajapur
38	Shivpuri
39	Sidhi
40	Tikamgarh
41	Ujjain
42	Vidisha

Click to View : List of post offices for ATM installation

Source : pib

Secretary (Posts) invited GS to discuss pending items.

Copy of Postal Directorate letter No. 01/01/2011-SR dated 03.08.20011  addressed to the General Secretary   is reproduced below for information.

Subject:- Meeting of Secretary (P) with All India Association of Inpsectors and Assistant Superintedents Posts to Discuss its charter of demands.

Secretary(P) will take a Meeting with office-bearers of All India Association of Inspectors and Assistant Superintendents Post on11.08.2011 at 1500 hrs to discuss the issues raised by the Association in its charter of demands,

Please make it convenient to attend the Meeting.

          -sd-

(Subhash Chander)

Director(SR & Legal)

Database of IP/ASPs of MP Circle

Continuation of ad-hoc promotion made in the cadre of HSG –I up to 19th November 2011

Source: TNIPASP

Hike rate of return on GPF: Parliamantal Panel

A Parliamentary panel today asked the Central government to increase the rate of return on provident fund for its employees in the light of rising bank rates and EPFO's decision to hike its rate to 9.5% for 2010-11.

"The rate of interest on General Provident Fund (GPF) which is pegged at 8% may be reviewed so that government employees are not put to any disadvantage more so now when the interest rates for bank deposits has also been raised," the Standing Committee on Finance suggested in its report.

If the suggests of the panel finds favour from the government, over 50 lakh Centre's employees will stand to benefit.

The panel headed by former Finance Minister Yashwant Sinha, pointed out that retirement fund body Employees Provident Fund Organiation has also increased rate of interest on PF deposits to 9.5% for 2010-11 from 8%.

The EPFO had been paying 8.5% interest on PF deposits since 2005-06. In September last year, it had recommended an increase in interest rate to 9.5% for 2010-11 after discovering Rs 1,731 crore surplus in their books of accounts.

In the present scenario, the bank rates are also increasing. Reserve Bank of India has increased its short term lending and borrowing rates by half a percentage point to 8 and 7%, respectively in its recent quarterly review unveiled on July 26.

Following the central bank's rate hike, some private and public sector have also hiked their rates.

Source : Business Standard, August 2, 2011

HSG-I Postmaster may relieve his sub-ordinate officials on leave in anticipation of grant of leave by the competent authority

10% CEILING ON GDS COMPASSIONATE APPOINTMENTS REMOVED

No. 17-17/2010-GDS

Government of India

Ministry of Communications & IT

Department of Posts

(GDS Section)

Dak Bhawan, Sansad Marg.

New Delhi-110116

Dated: 01 Aug 2011

Chief Postmaster General

Postmaster General

General Manager (Finance)

Director of Account (Postal.)

Subject:    SCHEME FOR ENGAGEMENT OF GDS ON COMPASSIONATE GROUNDS-MERIT POINTS AND PROCEDURE FOR SELECTION – REVISED PROVISIONS THEREOF.

            Attention of all concerned is invited to this Directorate letter of even number dated 14 Dec 2010 under which the scheme for engagement of GDS on compassionate grounds with merit points & procedure for selection was circulated and made effective for all the compassionate engagement cases to be considered on or after 01.01.2011

2.         The Scheme has recently been reviewed in this Directorate and in partial modification to the existing provisions contained in Para 7 of the Scheme, the following revised provisions may be substituted:-

(a)       The existing ceiling of 10% is removed. All requests for compassionate engagement would be considered by the Circle Relaxation Committee on application of the relative merit points prescribed in this Directorate letter dated 14.12. 2010 in hard and deserving cases only subject to availability of the vacancy for the purpose & fulfillment of the terms and conditions of the GDS post. The term "hard and deserving cases" would mean cases over and above 50 merit points.

(b)         All cases that are more than 5 years old or in which there is/are earning members(s) in the joint families hithertofare considered initially by the Circle Relaxation Committee and prescribed to be referred to this Directorate for approval would also be decided by the Circle Relaxation Committee concerned without further reference to this Directorate.

(c)          All other provisions contained in the Scheme dated 14.12. 2010 shall continue to apply as already prescribed and all compassionate engagement shall be approved within the ambit of the prescribed Scheme only.

3.         The revised provisions shall take effect from the date of application of the original Scheme. However, no past case decided in accordance with the original scheme prior to issue of this order shall be reopened. All cases lying undecided for whatever reasons may be decided only by the Circle Relaxation Committee without any further reference to this Directorate.

                                                                                                                                               

Sd/

(Surender Kumar)

Asst. Director General (GDS)

source:GDSBLOG

Conversion of POs into Banks- DOP is seeking License from RBI

The humble post office is all set to undergo a radical change with a proposal to convert over 1.5 lakh post offices across the nation into full fledged banks on the anvil.

Telecom Minister Kapil Sibal wants to reach out to the masses in the rural areas with modern banking facilities through the post offices.

"We want to commercialise the department. We will seek a licence from the RBI to convert all our post offices into banks," Sibal told PTI.

The lack of modern banking facilities in rural areas and dependence of villagers on informal sector for their credit requirements has prompted the government to work on financial inclusion by way of setting up 'postal banks'.

"The State Bank of India can't build branches all over India, but there are post offices across India. The branches are already there, so infrastructure expenditure is not required. So you can actually give banking facilities at relatively lower costs, which would be extremely beneficial to people," he said.

The post offices currently offer financial services like savings bank, postal life insurance, pension payments and money transfer services. Its total corpus stood at Rs 5,82,832.9 crore as on March 31, 2011.

DoP's revenues grew 11 per cent to Rs 6,954.09 crore in 2010-2011 from Rs 6,266.70 crore in the previous fiscal.

However, negative growth rate in some circles has pushed the Department's deficit to Rs 6,625 crore in FY'11, almost equal to the annual revenue of the Department.

"I want to make the (postal) system commercialised. By corporatising over 1.5 lakh post offices across the country, the ministry is expecting to improve the quality of services, increase profitability and reduce prices," Sibal said.

Out of the 22 DoP circles, some circles like Chhattisgarh have reported a negative growth of 19 per cent, Jharkhand 18 per cent and North East 15.9 per cent, whereas Assam (23.7 per cent), Haryana (19.5 per cent), Karnataka (13.5 per cent) and Tamil Nadu (13.9 per cent), recorded positive growth.

Among other steps, the Minister has asked members of Postal Services Board (PSB) to ensure 20 per cent revenue growth on sustainable basis.

Each member of the PSB has been asked to identify, commercialise and operationalise five major schemes of the Indian government, and partner with 5 PSUs and 10 corporate houses for commercial tie-ups with India Post with revenue potential of at least Rs 50 crore each.

DoP is also believed to be working towards setting up ATMs and offer debit cards for its customers.

"My vision is that post offices must become banks, so that an ordinary man can with Rs 10 open an account. We can set-up ATM machines for the e-banking...we can do e-retail," Sibal said.

According to officials, work for setting up 1,000 India Post ATMs is at an advanced stage and DoP has already held parleys with vendors on this front.

The Department is also working on providing skill development courses to its over 4.75 lakh employees with the Human Resources Development Ministry.

"The postman should also learn e-banking so that he can actually help the consumer on the ground. So, we are developing specialised skill development courses with the HRD Ministry," Sibal said.

source: Deccan Chronical