Enhancement of SB Allowances to PAs

Dte Memo No : 113-07 / 2010-SB
SB Order No. 10 / 2011.

Enhancement of SB Allowance to PAs working in Savings Bank Branches.

The undersigned is directed to refer to this office letter of No. 2-2/93-SB Dt. 08.10.2004 (SB Order No. 17/2004) vide which it was conveyed that Ministry of Finance (DEA) has conveyed its approval for increase in the SB Allowance from Rs.60 to Rs.150 & from Rs.30 to Rs.75 per month wef 08.10.04.

02. After implementation of 6th CPC, increase in teh SB Allowance was taken up with MoF (DEA), which has not vide its OM No. 17/1/2001-NS-II Dt. 10.06.11 has conveyed its approval for enhancement of SB Allowance as per the following rates wef 01.09.08.

01. Staff Fully engaged in SB / SC work - present Rs.150 - new rate from 01.09.08 Rs.300.
02. Staff Partially engaged in SB / SC work - present Rs.75 - new rate from 01.09.08 Rs.150.

03. All other conditions for grant of SB Allowances will remain unchanged.

Sd/-
S.Manik Lakra
ADG (FS)

Result of PS Gr.B Exam 2011

On 23.06.2011, Directorate has announced the result of PS Gr.B Exam 2011 which held on 29.05.2011. Details of results can be viewed in India Post Website (www.indiapost.gov.in) by down loading it from the following link.

http://emodeapply.com/indiapost/index1.asp

The following four candidates of Odisha Circle have come out successful.

All India Sl. No. of General Line Candidates	Name of the official	Present Designation	Roll No. in PS Gr.B Exam 2011	Total Marks secured (out of 600)
11	Basanta Kumar Panda	Dy. PM, Berhampur HO	262600054	349
13	Manoj Ku. Naik	PM, Jharsuguda HO	262600063	347
14	Ratikanta Swain	PM, Banki MDG	262600056	346
17	Trilochan Ray	Dy. PM, Sambalpur HO	262600064	339

RESPONSIBILITY OF THE THE SAVING BANK

               The post office saving bank shall not be:-

                     

-                              Responsible to a depositor for any fraudulent withdrawal by a person obtaining possession of the pass book or a cheque from the cheque book of the depositor.

-                               

-                               

-                              Liable if any fraud takes place due to failure of the depositor to ensure that the amount sought to be withdrawn is entered in the application for withdrawal before the same is presented at or sent duly signed by him to the post office saving bank for withdrawal.

-                               

-                               

-                              Responsible to a depositor, if he or in case the withdrawal form is presented by the agent, fails to ensure that the receipt for the payment is signed by him or the the agent, as the case may be, only at the time of presentation of the application for withdrawal.

                                 -- Ref. Post Office Saving Bank General Rules 1981

                                     ( Part One, page 69-70)

Interest earned on Post Office savings accounts to be taxed from current fiscal

Interest earned on Post Office savings accounts to be taxed from current fiscal

The government has decided tolevy tax on the interest obtained on Post Office savings schemes from the current financial year.

The Central Board of Direct Taxes ( CBDT )) has brought out a notification in this regard recently, which stipulates that any interest earned beyond Rs 3,500 (in case of individual accounts) and Rs 7,000 (in case of joint accounts) will be taxable from the running fiscal.

The CBDT-- which is the administrative authority of the Income Tax Department-- has issued the notification to all thetax collection ranges across the country for implementation.

Taxpayers will have to reflect this investment on their incometax returns.

"Taxpayers who now invest in the post office saving accounts schemes will now have to showthe interest earned on this scheme while filing their income tax returns. Interest upto Rs 3,500, in case of single accounts and and Rs 7,000 in case of joint accounts, is exempted," a senior I-T official said.

The Assessing Officer (AO) will compute the tax on the interestearned, beyond the exemption limit, accordingly, he said.

The current interest rates for Post Office savings deposits is 3.5 per cent per annum.

The minimum investment limit in this scheme is Rs 50 while themaximum limit is Rs one lakh for an individual account and Rs2 lakh in case of a joint account.

Source: Economic Times dated 16 th June, 2011

Infosys pips TCS to clinch postal contract

Infosys Technologies, India’s second-largest information technology (IT) services company, is understood to havebagged the first of the Department of Post’s IT modernisation contracts.

The Bangalore-based company pipped its bigger domestic rival,Tata Consultancy Services (TCS), to clinch India Post’s ‘rural information and communications technology (ICT) system integrator (SI)’ contract, worth about Rs 100 crore.

Infosys declined to comment, while the India Post official concerned could not be reached despite repeated attempts. India Post is embarking on a massive IT modernisation programme under the ‘India Post 2011’ plan. As part of this, the department has split the programme into eight projects.

According to highly-placed sources, the department has already issued requests for proposals for six contracts. The ‘rural ICT SI’ contract is said to be the first of the eight contracts. According to the terms of the contract, Infosys will be responsible for enabling the Gramin Dak Sewak post office to perform e-transactions.

The department has the largest postal network in the world, with 155,669 post offices. About89 per cent of these are in rural areas, according to its website. So far, only 12,604 head post offices and sub-post offices have been computerised.

Ever since Infosys established a separate business to focus on the domestic IT outsourcing market, it has been aggressivelyparticipating and winning government contracts. It is working with the income tax department in managing the centralised processing centre that processes all electronically-filed returns and a part of the paper filings.The project recently bagged the Gold awardin “excellence in government process re-engineering” at the 14th National e-Governance Conference. India contributes about two per cent to Infosys’ total revenue.

Meanwhile, the bidding process for India Post’s Rs 1,000-crore ‘core system integrator’ contractis on.

This is touted as the largest of the eight contracts. Capgemini, Accenture, IBM, HP, TCS, Infosys, HCL and Wipro are some companies believed to be participating in the contract, expected to be finalised in two months.

India Posts’ IT modernisation initiative is expected to create over Rs 5,000-crore opportunities for IT services andhardware companies.

Source : Business Standard June 14, 2011.

MODEL QUESTION PAPER FOR POSTAMASTER CADRE EXAM

Q1. Any SAS/MPKBY/PPF agent cannot act as an agent or messenger of a depositor for the purpose of withdrawal fromhis/her saving bank account.

The Above-mentioned statement is

a. True b. . False

Q2 A pensioner can now open pension account either individually or jointly

a. True b. False

Q3 Retired employee of any govt. department can draw pension throughpension account.

a. True b. False

Q4 MIS account in multiple of Rs.1500/- can be made instead of Rs. 1000/- MIS and the maximum limit of investment ina single account has been raisedfrom Rs. 3 lakh to Rs. 4.5 lakh and in joint account opened by two or three adults; the maximum limit has been raised from Rs. 6 lakh to Rs. 9 Lakh.

Wef

a 1.8.2007 b. 12.5.2008 c.30.08.2009

Q5 . of admissibility of 5% bonus on maturity amount of MIS accounts opened on or after

a. 28.12.2008 b. 25.12.2007 c. 08.12.2007

Q6 With effect from------------------, all Single/Double handed Sub Post Offices, at the time of closure/premature closure of RD/MIS/SCSS accounts will collect closed passbook from thedepositor and attach the same with account closure form and send in a manner as prescribed for dispatch of vouchers and LOT to HO.

a. 15.2.2008 b, 11.06.2010 c. 23.06.2010

Q7. As per provisions of Section 269-T of Income Tax Act, amount of any repayment of deposit or loan together with interest made with Department of Posts if becomes Rs. 20,000/- or more, it can only be made by account payee cheque or account payee bank draft or by crediting into Savings Bank Account if standing at the same post office.

The above said statement is

a. True b. False

Q8.The reinvestment of matured certificates / deposits either in the same scheme or in any other schemes through the Post Office authorized Agents is admissible except in case of redeposit made in ----------account under Sub Rule (3) of Rule 6 of POTD Rules 1981 in which redeposit is made retrospectively from the date ofmaturity

a. TD b. MIS c. RD

Q9. NRIs cannot invest in any of the Small Savings Schemes and Power of Attorney cannot open any account in any of the Small Savings Schemes.

The above said statement is

a. True b. False

Q10 A blind/visually-impaired person can open and operate Savings, RD, MIS, TD, SCSS, PPF accounts and also purchase NSC VIIIth Issue or KVPs in his/her name independently.

the above said statement is

a. True b. False

Q11. NREG accounts will be ----------------------and also cannotbe converted into single or jointat a latter stage

a.. Non-transferable b. Transferable

Q12. From -------------, the transferring Head Post offices will dispatch Advice of Transfer (AT) by Service Insured Post for Rs.100/- duly sealed instead of Service Registered Post.

a. 16.03.2009 b. 12.06.2010 c.15.05.2008

Q13. present the Counter Assistant is authorized to receive deposits and allow withdrawals up to Rs.--------------/- in savings accounts only under his own power without showing the documents to the Ledger Assistant and the Supervisor.

a. 5000 b. 2000 c .4000

Q14 The date of credit of cheque in case of RD/PPF account will be the date of

.a. Date of Clearing b. Date of Presentation of the cheque

Q15 Postmaster includes Sub-Postmaster, Branch Postmaster, Dy. Postmaster, A.P.M and SPMs in charge of SB Branch should not act as an agent or messenger of a depositor for the purpose of withdrawal from a saving bank account standing open in his office

The above said statement is

a. True b. False

General Knowledge of Postal Activities

Q1,Maximum preservation period of SO Daily account

a. 1 year b. 2 year c.18 months

Q2. Claim application form for settlement of Savings Certificates of the deceased holder where no nomination is registered or no legal evidence is produced

a. NC14 b. NC15 c. NC16

2. Maxi,mum amount handed over to Postman to MO paymentis Rs --------------- For Urban Area.

a. 20000. b. 30000. c. 50000

Q3 Fee for Issue of Duplicate Passbook is Rs

a. 10 b. 15 c. 50

Q4 Physically handicapped persons can also eligible to take PLI policies for sum of Rs---------

a 100000 b 20000 c 300000

Q5 Certificates, Rules ---------1960 and Post Office Savings Bank Rules, _____________

a 1960, 1981 b 1981,1965 c 1963.1983

Q6 India Post provides various types of through its network of 1,55,516 post offices

A 155516 b 155515 c 150000

Q7 All complaints pending over 1 month will be brought to the notice of circle office for seeking guidance for their settlement.

The above said statement is

a. True b. False

Q8 Heads of the Grievance Cell is

a Deputy Director General (Public Grievances & Quality Assurance b Director (PublicGrievances and Work Study) c Postal Directorate

Q9 Post Forum was introduced on

A 12 03.1962 b 15.03 2000 c 10.9.90.

Q10 The Indian Post Office Act -------------

A 1885 b 1896 c 1898

Q11 The maximum value of stamps to be kept in stock will be fixed by Divisional Head for Non-Gazetted Postmasters.

The above said statement is

a. True b. FalseQ12 Unclassified receipts -----------------

A Form ACG.6 b Form ACG 6(a) c ACG

Q13 Prevention of Money Laundering (PML) Act -------------

A 2002 b 2007 c 2008

Q14 The entire country has beendivided into ==========circles

a 15 b 16 c 22

Q15 No registered articles of any kind will be delivered to the addressee unless and until he or his agent authorized in writing has signed a receipt for it, in the prescribed form which will be presented to him for signature by the postman who delivers the registered article

The above said statement is

a. True b. False

Based on conduct rules, Citizen chart .Consumer Fourm.Productsof Indian Postal Department

Q1 Central Civil Services (Conduct) Rule 1964

Q2 The CCC rules shall not apply to any extra departmental Agent in the Posts and Telegraphs Department who does not hold any other post in connection with the affairs of the Union.

Q3 Time frame for closure /premature of accounts at sub office

a. same Day b. within 2 workingday c within 3 working day

Q4 Time frame for Issue of duplicate passbook

a. same Day b. within 5 workingday c within 7 working day

Q5 There is three-tier system of consumer forum.

The above said statement is

a. True b. False

Q6 For complaints up to Rs.20 lakhs will be handled by

a. District Consumer Forum b. State commission c. National Commissio

Q7 Norms for Mail Delivery Standards in Inter State is

a. 2-3 days b Same day c. 3-5 days

Q8 . Citizen Charter includes -----------

a. Grievance Redress b. Details of customer . C. Charter of Duty

Q9. ------------ was the first commemorative post mark of Independent India

a. Jai Hind B. Jai javan C Jai Kisan

Q10. The First digit in Pin code denotes the ------------

a. District b . Circle c .Division

Q11 Direct Post means

a. Distribution of advertising materials directly to prospectivecustomers. b. sending parcels weighing up to 35 kg across thecountry. C. pre-mailing solutionsincluding collection/printing, inserting, and addressing

Q12 The postal service comes under the Department of Posts which is a part of the Ministry of Communications and Information Technology .

The above said statement is

a. True b. False

Q13 . Ordinary post cards and competition post cards differ with respect to ________

.a. Colour and price b. Weight and price c. Size and price

Q14 i. Aerogram is used to send written message to __________. i.

a. Selected Foreign countries. B. Foreign countries c. Within India

Q15 Postal charges on ordinary inland parcels vary according to _______.

a Weight b. Size c. Content

Q16. The postage on Book Post mail is _______ than that on sealed envelopes.

a. more b. higher c. Less

Q17 . Inland letter cards should be used instead of post cards when the sender of a messagewants to convey any ________ message.

A Secret b. open c. urgent

Q18 . Speed post service is available in all post offices.

The above said statement is

a. True b. False

Q20 Advertisement of products and services can be done through post office by using thefacility of _____ post.

a. Business b. Media C. Direct

Q21 To ensure payment to the right person we can _________ the postal order

a. Cross b. Mark c. strike out

Q22 Post office offers Rural Post Life Insurance facility for the benefit of weaker sectionsof our society .The above said statement is

a. True b. False

Q23 Speed post service was introduced on

a. 1st August 1986 b. 2nd April 2002 c. 3rd April 1991

Q24 Allowing transfer of huge amount of money through

a. Bulk Money Order b Instant Money Order C. Corporate MoneyOrder

Q25 . A Government employee who is 52 years of age can insure his life at post office.The above said statement is

a. True b. False

Q1 India Post’s products and services will be the customer’s first choice.The above said statement is

a. True b. False

Q2 Minister of Communications and Information Technology

 a. Shri. Gurudas Kamat b. Shri Kapil Sibal C. Ms. Radhika Doraiswamy

Q3 The transaction not included in primary service of Indian Postal Department

a. Sale of stamps and Stationeryb. Western Union Money Transfer c. Booking Registered Article

Q4 The Post Office Savings bank Scheme is an -------- function performed by the Department of Posts on behalf of the Ministry of Finance, Governmentof India.

 a. Primary b. Secondary c. Agency

Q5 Interest rate of 3 Year TD Account

a. 7.25% b . 7.50 c. 6.25

Q6. Rate of interest ------% for Kisan Vikas Patra (compounded yearly)

a. 5.8 b. 8.2 c. 8.4

Q7 Electronic Money Order (eMO)launched on

 a. 10.10.2009 b. 10.10.2008 c.11.05.2009

Q8. Instant Money Order (iMO) introduced on

 a. 01.01.2010 b. 25.03.2011 c.20.01.2006

Q9 Rural Postal Life Insurance (RPLI) scheme was also introduced in ----- for the benefit of the entire rural people

.a. 1986 b. 1985 c. 1995

Q10 The Department also provides the facility of online registration and response to complaints at its websitea. www.indiapost.gov.in.b www.indiapost.gov.comc. www.indiapost.orgQ11.Kerala Circle includes the Union Territory Pondicherry The abovesaid statement is

a. True b. False

Q12. Right to Information Act was formed

 a.2005 b .2006 c. 2007

13. The word CPIO relates with

a. RTI Act b . Customer Care C RPLI14.

An ACG-67 receipt should be issued for collecting fee of Rs 100 in connection with submission of RTI application .

The above said statement is

a. True b. False

15 Appeals against the decisionsof the Superintendent of Post for RTI Application is

a. Director Postal Services B. CPMG C Secretary,Department of Posts

Q1 The system was reorganized and the service opened to the general public by Warren Hastings first governor general of Bengal with supervisory powers overBombay and Madras, in ------------.

a. 1874 b . 1898 c. 1774

Q2 EMS means

 a. Express Mail Service b. Electronic Mail Service c. E enabled Mail Service

Q3 ------------------- service for sending parcels and large consignments across the nation and around the world.

a. Parcel b Media Post c . LogisticPost

Q4 . Money Order Videsh is a new offering of India Post to facilitate remittances to -----------

a. Foreign Countries b. within India c Both

Q5 The e-IOD service would be offered initially with ------

A Business Post b. Logistic Post c. Bill Mail Service

Q6 The bar code would contain 13 charactersThe above said statement is

a. True b. False

Q7 For transfer of accounts- the depositor should apply in the prescribed form---------------

a. SB10(b) b. SB3 c .SB10(c)

Q8. When there is no transaction in an SB account continuously for -- financial years, the account will be treated as silent account.

a. 3 b. 2 c. 4Q9

LSG/HSG offices can revive the accounts independently The above said statement is

a. True b. False

Q10 In case of bouncing of cheque INR. ----/- is charges as service charge

a. 25 b.35 c.50

Q11 Premature closure after -----year is allowed in SCSS

a. 1 b. 2. c. 5

Q12 India Post allows free transmission of blind literature packets up to ----- kilograms

a.8 b.7 c.9

Q13 Any parcel exceeding 4 kilograms in weight then registration is

a. Compulsory b . Not compulsory

Q14 All articles superscribed C/O POSTMASTER or in any other similar way are called ------------articles.

a. Postal b . poste restante c. priority

15 . The world’s first stamps were called the---------

a. Penny Blacks b Penny red c. Blacks Penny .

Model Question For Departmental Examination

Q1 Savings Bank Act -------------a.1874 b. 1888 c. 1873

Q2. Post office Savings Bank Mannuals – Volume I containing ----------------

a. Act and statutory rules b. procedural Rules on PO certificate c. Procedural Rules onPost office Savings bank

Q3 5 year Indira Vikas Patra Discontinued from-----------

 a. 15.07.99 b. 15.05.2010 c. 16.03.99

Q4. Certificate of all types and denominations are printed at the Government of India security Press ----------------

a. Goa b. Delhi c. Nasik

Q5 Work of stocking and supply of certificates entrusted with -------------------

a. Postal stores depot b. Circle Stamp Depot .b Circle office

Q6 In Post office working on SB (LAN) the stock of certificate will remain with Postmaster and no working stock will be issued to counter .The above said statement is

a. True �� b. False

Q7. Yearly Lists of Unsold certificates may be prepared on

a. 31st Dec of each year b. 31st March of each year c. 1st April ofeach year

Q8 A Minor can purchase the certificate through an adult ( any Person) or direct in his nameThe above said statement is

 a. True b. False

Q9 Fee for certificate of commission earned by agent

a. 5/- b. 10/- c. 1/-

Q10 The word “ negative List “ is related with

a. Time Deposit b. Certificates C. Saving Bank Account