Posting of SPOs

Sri. A. Sreenivasa Rao, SPOs, Warangal Division is posted as SPOs, Anantapur Division.

Volunteers to work as IP

Provision of OTP in Benefit Disbursement Portal

Following is the procedure given by AP Online to change password in the Benefit Disbursement Portal website.

Discontinuance of SBI Chota ATMs

Contact details of Head Post Offices

Click Here to download the contact details of all Head Post Offices located in Andhra Pradesh.

Geo spacial inventory of post offices

Following are the instructions received from Directorate in c/w geo tagging of post offices with the help of software developed by ISRO.

Misuse of user id and passwords

Following are the instructions received from C.O and C.V.C in c/w misuse of user id and passwords in computer environment and preventive steps to be taken to avoid misuse.

Finacle procedure-EOD Do's and Dont's

Click Here to download the Finacle Procedure on EOD Do's and Dont's.

Standardization of mails

The following banner is supplied to selected post offices in c/w standardization of mails.  Click here to view the Gazette Notification dated 23rd September, 2013 and Directorate's letter No.20-12/ 2012-D, dated 04.03.2014 in c/w "Standardization of Mails"

 

PLI banner

The following PLI banner is supplied to all post offices in Anantapur Division through HOs.  The same should be displayed prominently in public space.

Vacancy position for LGO Examination 2015-16

The Division wise tentative vacancy position pertaining to the Limited Departmental Competitive Examination (LGO-2015-16) for promotion to the cadre of Postal Assistants/Sorting Assistants under 50% Promotional Quota communicated by Circle office, Hyderabad is as follows.

Govt official held for making fake postal stamps worth Rs 10 lakh

— By FPJ Bureau | Nov 26, 2015 01:57 am

Mumbai : The Vile Parle Police on Wednesday arrested a clerk working at Santacruz post office located in Terminal 1B of Domestic airport on charges of making fake postal stamps worth Rs 10 lakh. The accused, Vinayak Laxmanrao Chole (34), is a resident of Virar.

The police on Tuesday got information from a person working at Krushna Xerox and Stationary shop in Vile Parle that the accused had asked for colour Xerox of 1,000 copies of a postal stamp sheet with 40 stamps costing Rs 25 each. Soon after, senior inspector Raksha Maharao and Crime branch inspector Mahadev Nimbalkar started investigating the matter and caught the accused.  Nimbalkar interrogated Chole and arrested him after he confessed to the crime.

“While getting the 1,000 copies made, Chole asked the Xerox counter to put the triangular design which the postal stamp has on all four borders. This aroused the suspicion of the man working there,” said Sandesh Shinde from Vile Parle police station.

“TThe family came to the police station requesting us to let off Chole as he is a government official. But the accused is still in police custody. We will produce him in local court on Thursday,” said Nimbalkar.

Source:http://www.freepressjournal.in

Updation of policies after migration to McCamish

As per the above directorate letter, acceptance of PLI/RPLI premium is going to be stopped to be accepted in Meghdoot Point Of Sale for all the divisions which are migrated to McCamish.  Acceptance of PLI/RPLI will be deactivated in Point of Sale.  This is applicable to only those offices which have Sify bandwidth of >=512kbps.

Government of India notifies Nov 26 as the “Constitution Day”

Sify Issues-Replacement of faulty hardware

7CPC highlights

• Fitment factor 2.57 contains –Dearness Allowance from 01/07/2015 – 119% + DA to become due on    01/01/2016 approximately estimated to be 6%. = 2.25 + .32 = 2.57
• The real increase in basic works out to 14.28% (7000 X 2.25 = 15750; 18000-15750=2250; The net   increase is only 14.28%) There is no benefit of Interim Relief; no benefit of       DA Merger; no benefit like    Grade pay; 14.28%   increase in 10 years is nothing which may be equal to two   installments of DA.  It is not at comparable with 43% for 5 years (given to      State employees  of A.P. & Telangana) and 25% for 5 years given to Bank employees and revisions take place in    public sector for every 5 years;
•  Reduction in rates of HRA: The CPC instead of considering the demand for payment of HRA on Basic+DA, removed add-ons like NPA, MSP etc. Further, reduced the HRA Rates in the name of rationalisation. HRA reduced to 24%, 16% and 8% for X,Y,Z cities
•  MACP : NO CHANGE – 10, 20, 30 Conditions made more stringent.The bench mark for getting MACP Up-gradation recommended to enhance from “Good” TO “Very Good”.
• Withholding annual increments : CPC recommends “who do not meet the laid down criterion should not be allowed to earn future increments. The CPC proposes withholding of annual increments in the case of those employees who are not able to meet the benchmark either for MACP or a regular promotion within the 20 years of their service.
•  The CPC recommends a permanent Remuneration Authority to revise the pay structure periodically, at more regular intervals, say annually ….”  In the backdrop of annual revisions, the present system of biannual revision of DA could also be dispensed with. (para 5.1.49)
• In para 3.83 all the recommendation are negative in nature especially items No.iv, v, vii and viii – to separate the expenditure of wage bill of Gramin Dak Sevaks, suggesting to devise uniform guidelines / model contract agreements and clear guidelines for the jobs that can be and should be contracted out,  to utilise services of high level retiring personnel on contract basis – instead of recruiting personnel even in jobs of permanent nature:
•  As many as 52 allowances are abolished / as many as 36 have been subsumed in another existing allowances in the name of rationalisation without considering rationale and its genesis / history behind its sanction.
• All interest free advances including Festival Advance, Bicycle Advance have been abolished stating that “with the increased pay packages provided after successive pay commissions these advance have lost their relevance. 
•  The CPC recommends the Child Care Leave should be granted at 100 percent salary for the first 365 days but at 80 percent of the salary for the next 365 days.  The CPC extended CCL to single male parents is recommended. 
•  “Special Casual Leave” The CPC suggested to Govt to review the purposes, limit the number of purposes, limit the total number of days.
• Other Interest bearing advances except HBA and PC Advance have also been abolished stating that quite a few schemes are available in the market and suggested to avail those schemes.
•  The CPC strongly recommends introduction of health insurance scheme for serving employees and pensioner. Optional to existing employees to choose CGHS or to shift to Insurance Scheme. To make it compulsory for new recruits and newly retiring employees. Also recommends to merge all 33 postal dispensaries with CGHS.
•  PAY BAND, GRADE PAY SYSTEM ABOLISHED.New Pension Structure called “Matrix based open ended pay structure” recommended.
•  Casual Leave. No change  
• Child Care Leave (CCL). First 365 days-full Pay (100%) next 365 days -80% pay  only.        
•  Maternity Leave-No change. 
• Leave Encashment- At the time of  retirement-NO change. Maximum 300 days. 
• Medical Insurance Scheme for serving and retired employees recommended. 
• TPA No hike and  only 125% DA merge.  
• LTC –No change. 
• Further recommended NO Pay Commission required.   
• 7 CPC recommended for performance related Pay and all bonus should be linked with productivity. 
• Compulsary retirement and efficiency Bar introduced.      
• Promotee and direct recruits – Entry level pay anomaly is removed. 
• NPS will continue. 
• Group Ins.   Level   Monthly contribution      Ins. Amt.                                                  1-5                  1500                          15 Lakh
                             6-9                 2500                          25 lakh
                             >=10             5000                           50 Lakh
• Pensionary Benefit- 7 CPC recommended One rank One pension.
• Minimum Pension Rs.9000/-
• Gratuity ceiling raised to Rs.20 Lakh.
•  CEA & Hostel susidy Rate
             CEA per month Rs. 2250- 25% increase when  DA crosses 50%
              Hostel subsidy- 6750-25% of increase when DA crosses   50%
• FMA- NO change. Rs.500/-PM

Result of PM/MG exam held on 01.11.2015

Click here to view the result of Postman exam held on 01.11.2015 in r/o Anantapur Division.  For further details visit www.appost.in

Sale of Innovative Miniature Sheets

Click Here to view the circular from Directorate in c/w sale of Innovative Miniature Sheets of 3rd India-Africa Forum Summit.  Sale price is Rs. 200-

User id for agents

Instructions from DMCC, Chennai in c/w creation of user id for MPKBY/PRSS and SAS agents:

Contact numbers of CPCs

Contact number of: 
CPC of Anantapur HO : 08554-277706
CPC of Guntakal HO   : 08552-220464
All SPMs are requested to contact the above numbers in case of any issues relating to PLI/RPLI.

Relieving on promotion

Sri. J. Sreedhar, APM(Counters), Anantapur HO is relieved on 16.11.2015 A/N on promotion to the cadre of HSG-II and posted as Asst. Manager, PSD, Guntakal.  Thanks to his all out efforts in promoting business products of the department.

HSG-II postings

Click Here to view the RO order dated 14.11.2015 in c/w HSG-II postings in Kurnool Region.
In r/o Anantapur Division, the following postings are issued.
1. Sri. J. Sreedhar, APM(Counters), Anantapur HO is posted as Asst. Manager, PSD, Guntakal.
2. Sri. G. Ramachandraiah, APM(Mails), Markapur HO is posted as DPM, Guntakal HO.

Swach Bharat Cess on PLI/RPLI

Click here to view the Directorate order dated 16.11.2015 in c/w Swach Bharat Cess on 
PLI/RPLI premium.

Sovereign Gold Bonds - FAQ

1. What is Sovereign Gold Bond (SGB)? Who is the issuer?

SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by Reserve Bank on behalf of Government of India.

2. Why should I buy SGB rather than physical gold? What are the benefits?

The quantity of gold for which the investor pays is protected, since he receives the ongoing market price at the time of redemption/ premature redemption. The SGB offers a superior alternative to holding gold in physical form. The risks and costs of storage are eliminated. Investors are assured of the market value of gold at the time of maturity and periodical interest. SGB is free from issues like making charges and purity in the case of gold in jewellery form. The bonds are held in the books of the RBI or in demat form eliminating risk of loss of scrip etc.

3. Are there any risks in investing in SGBs?

There may be a risk of capital loss if the market price of gold declines. However, the investor does not lose in terms of the units of gold which he has paid for.

4. Who is eligible to invest in the SGBs?

Persons resident in India as defined under Foreign Exchange Management Act, 1999 are eligible to invest in SGB. Eligible investors include individuals, HUFs, trusts, universities, charitable institutions, etc.

5. Whether joint holding will be allowed?

Yes, joint holding is allowed.

6. Can a Minor invest in SGB?

Yes. The application on behalf of the minor has to be made by his / her guardian.

7. Where can investors get the application form?

The application form will be provided by the issuing banks/designated Post Offices/agents. It can also be downloaded from the RBI’s website. Banks may also provide online application facility.

8. What are the Know-Your-Customer (KYC) norms?

Know-Your-Customer (KYC) norms will be the same as that for purchase of physical form of gold. Identification documents such as Aadhaar card/PAN or TAN /Passport / Voter ID card will be required. KYC will be done by the issuing banks/Post Offices/agents.

9. What is the minimum and maximum limit for investment?
The Bonds are issued in denominations of one gram of gold and in multiples thereof. Minimum investment in the Bond shall be two grams with a maximum buying limit of 500 grams per person per fiscal year (April – March). In case of joint holding, the limit applies to the first applicant.

10. Can I buy 500 grams in the name of each of my family members?

Yes, each family member can hold the bond if they satisfy the eligibility criteria as defined at Q No.4.

11. Can I buy 500 grams worth of SGB every v year?

Yes. One can buy 500 grams worth of gold every year as the ceiling has been fixed on a fiscal year (April-March) basis.

12. Is the limit of 500 grams of gold applicable if I buy on the Exchanges?

The limit of 500 grams per financial year is applicable even if the bond is bought on the exchanges.

13. What is the rate of interest and how will the interest be paid?

The Bonds bear interest at the rate of 2.75 per cent (fixed rate) per annum on the amount of initial investment. Interest will be credited semiannually to the bank account of the investor and the last interest will be payable on maturity along with the principal.

14. Who are the authorized agencies selling the SGBs?

Bonds are sold through scheduled commercial banks and designated Post Offices either directly or through their agents like NBFCs, NSC agents, etc.

15. Is it necessary for me to apply through my bank?

It is not necessary for the customer to apply through the bank where he/she has his/ her account. A customer can apply through another bank or Post Office.

16. If I apply, am I assured of allotment?

If the customer meets the eligibility criteria, produces a valid identification document and remits the application money on time, he/she will receive the allotment.

17. When will the customers be issued Holding Certificate?

The customers will be issued Certificate of Holding on the date of issuance of the

SGB. Certificate of Holding can be collected from the issuing banks/Post Offices/agents or obtained directly from RBI on email, if email address is provided in the application form.

18. Can I apply online?

Yes. A customer can apply online through the website of the listed scheduled commercial banks.

19. At what price the bonds are sold?

Price of bond will be fixed in Indian Rupees on the basis of the previous week’s (Monday – Friday) simple average price for gold of 999 purity published by the India Bullion and Jewellers Association Ltd. (IBJA). The issue price will be disseminated by the Reserve Bank of India

20. Will RBI publish the rate of gold applicable every day?

The price of gold for the relevant tranche will be published on RBI website two days before the issue opens.

21. What will I get on redemption?

On maturity, the redemption proceeds will be equivalent to the prevailing market value of grams of gold originally invested in Indian Rupees. The redemption price will be based on simple average of previous week’s (Monday-Friday) price of closing gold price for 999 purity published by the IBJA.

22. How will I get the redemption amount?

Both interest and redemption proceeds will be credited to the bank account furnished by the customer at the time of buying the bond.

23. What are the procedures involved during redemption?

The investor will be advised one month before maturity regarding the ensuing maturity of the bond.

On the date of maturity, the maturity proceeds will be credited to the bank account as per the details on record.

In case there are changes in any details, such as, account number, email ids, then the investor must intimate the bank/PO promptly.

24. Can I encash the bond anytime I want? Is premature redemption allowed?

Though the tenor of the bond is 8 years, early encashment/redemption of the bond is allowed after fifth year from the date of issue on coupon payment dates. The bond will be tradable on Exchanges, if held in demat form. It can also be transferred to any other eligible investor.

25. What do I have to do if I want to exit my investment?

In case of premature redemption, investors can approach the concerned bank/Post Office/agent thirty days before the coupon payment date. Request for premature redemption can only be entertained if the investor approaches the concerned bank/post office at least one day before the coupon payment date. The proceeds will be credited to the customer’s bank account provided at the time of applying for the bond.

26. Can I gift the bonds to a relative or friend on some occasion?

The bond can be gifted/transferable to a relative/friend/anybody who fulfills the eligibility criteria (as mentioned at Q. no. 4). The Bonds shall be transferable in accordance with the provisions of the Government Securities Act 2006 and the Government Securities Regulations 2007 before maturity by execution of an instrument of transfer which is available with the issuing agents.

27. Can I use these securities as collateral for loans?

Yes, these securities are eligible to be used as collateral for loans from banks, financial Institutions and Non-Banking Financial Companies (NBFC). The Loan to Value ratio will be same as applicable to ordinary gold loan mandated by the RBI from time to time.

28. What are the tax implications on i) interest and ii) capital gain?

Interest on the Bonds will be taxable as per the provisions of the Income-tax Act, 1961(43 of 1961). Capital gains tax treatment will be the same as that for physical gold.

29. Is tax deducted at source (TDS) applicable on the bond?

TDS is not applicable on the bond. However, it is the responsibility of the bond holder to comply with the tax laws.

30. Who will provide other customer services to the investors after issuance of the bonds?

The issuing banks/Post Offices/agents through which these securities have been purchased will provide other customer services such as change of address, early redemption, nomination, etc.

31. What are the payment options for investing in the Sovereign Gold Bonds?

Payment can be made through cash/cheques/demand draft/electronic fund transfer.

32. Whether nomination facility is available for these investments?

Yes, nomination facility is available as per the provisions of the Government Securities Act 2006 and Government Securities Regulations, 2007. A nomination form is available along with Application form.

33. Is the maximum limit of 500 gms applicable in case of joint holding?

The maximum limit will be applicable for the first applicant in case of a joint holding for the specific application.

34. Are institutions like banks allowed to invest in Sovereign Gold Bonds?

There is no bar on investment by banks in Sovereign Gold Bonds. These will qualify for SLR.

35. Can I get the bonds in demat form?

The bonds can be held in demat account.

36. Can I trade these bonds?

The bonds are tradable on stock exchanges from the date to be notified by RBI. The bonds can also be sold and transferred as per provisions of Government Securities Act.

37. Can I get part repayment of these bonds at the time of exercising put option?

Yes, part holdings can be redeemed in multiples of one gm.