Publishing of Press release & Notice related to Recruitment in India Post Payments Bank (IPPB) Ltd.

Publishing of Press release & Notice related to Recruitment in India Post Payments Bank (IPPB) Ltd.

India Post Payments Bank starts recruitment 


Press Release

India Post Payments Bank has started its recruitment drive with the release of the advertisement for the post of the Chief Executive Officer/ Managing Director, the Chief Technology Officer (CTO), other CXOs who will be heading its Operations, Risk and Compliance, Finance, HR & Administration and Sales and Marketing Departments. It has also advertised for some contractual positions across multiple Departments. Regular recruitment for other positions across scale I-VII will also be announced in the coming weeks. IPPB has also called for deputations from Public Sector Banks for some corporate HQ positions and will shortly be seeking deputations from banks, post office & other Govt Depts for its branch locations. IPPB plans to recruit about 3500 professionals in the coming months. Details are available on the India Post website. 

IPPB will be headquartered in New Delhi and plans to launch 650 branches across the country by the next year. The India Post Payments Bank will leverage the widespread reach and the trust that the Post office enjoys in the minds of the citizen to truly drive financial inclusion. With all 1.54 lac Post offices, including 1.39 lac rural post offices as its access points and 650 Payments bank branches in district HQ locations it will be the most accessible bank in the world in terms of reach. It will deploy state of the art technology to make banking both simple and convenient to its customers. 

IPPB calls upon dedicated and committed professionals who would want to be part of the journey to create a national financial architecture which will connect every citizen with the financial services that they need to access. 

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Postal Board likely to issue bonus orders of GDS with calculation ceiling of 7000/-

Postal Board likely to issue bonus orders of GDS with calculation ceiling of 7000/- 
 Regarding grant of enhanced bonus of 7000 to GDS, Com. R. N. Parashar, Secretary General, NFPE discussed with Chairman, GDS Committee, Shri Kamalesh Chandra today (29.09.2016). Chairman informed that he had recommended for payment of bonus to GDS at the enhanced calculation ceiling of Rs. 7000/- and the file returned to Postal Board. (Last time Nataraja Murthy Committee has recommended that GDS should not be paid enhanced bonus and their bonus should be reduced to 50% of the departmental employees). Now that, GDS committee has recommended 7000, Postal JCA has demanded Postal Board to issue bonus orders of GDS with calculation ceiling of 7000/- without any further delay. 

Courtesy : PA Legacy (http://www.palegacyblogspot.in/)

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Enhancement of the rate of bonus payable to casual Labourers consequent on enhancement calculation ceiling of bonus for Central Government Employees from 3500 to 7000 - Confederation writes to Ministry of Finance and Ministry of DOP&T

Enhancement of the rate of bonus payable to casual Labourers consequent on enhancement calculation ceiling of bonus for Central Government Employees from 3500 to 7000 - Confederation writes to Ministry of Finance and Ministry of DOP&T

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Letter for clarification of 7th cpc anomaly to General secretary AIPEU

Letter for clarification of 7th cpc anomaly to General secretary AIPEU

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7th Pay Commission - Bunching model request letter - reg

7th Pay Commission - Bunching model request letter - reg

Bunching model request letter

From

           

Your Address Details

To

           

The Superintendent of POS,

            Through: Proper channel.

Sir,

            Sub: Requesting drawal of increment for bunching of stages in the

                    Revised Pay Structure  under CCS Revised Pay Rules 2016 –reg

            Ref: DG’s letter number 7-2/2016-PC dated 12.09.2016.

          My existing pay as on 1.1.16 is 11510 with grade pay 2400/- in the scale 5200-2400-20200 and on my option to switch over to CCS RP 2016 my pay was fixed in the corresponding level 4 of pay matrix at 29600/-.

          Instantly those who are drawing at the stage of 11170 in the pre revised  in the same pay structure have also been fixed at 29600/-.

          Since my pay in the pre revised pay is 3 % more than those who were getting lower pay but got fixed in same the pay in level 4 of pay matrix of the Revised pay ,my case  constitutes bunching in terms of para 2 of the DG on cited.

          I therefore request that my bunching may kindly be caused to alleviated by granting one more increment and pay refixed at next cell downwards in level 4 at 31400/-

Thanking you,

Place :                                                                                     Yours faithfully,

Date :            

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Revision of interest rates for Small Savings Schemes to be effective from third quarter of Financial Year 2016-17

Revision of interest rates for Small Savings Schemes to be effective from third quarter of Financial Year 2016-17

Revision of interest rates for Small Savings Scheme from 1st Oct, 2016 to 31st Dec, 2016

Instruments	Rate of interest  w.e.f. 01.07.2016  to 30.09.2016	Rate of interest  w.e.f. 01.10.2016  to 31.12.2016	Compounding  frequency*
Saving Deposit	4.0	4.0	Annually
1 Year Time Deposit	7.1	7.0	Quarterly
2 Years Time Deposit	7.2	7.1	Quarterly
3 Years Time Deposit	7.4	7.3	Quarterly
5 Years Time Deposit	7.9	7.8	Quarterly
5 Years Recurring Deposit	7.4	7.3	Quarterly
5 Years Senior Citizens Savings Scheme	8.6	8.5	Quarterly and paid
5 Years Monthly Income Account Scheme	7.8	7.7	Monthly and paid
5 Years National Savings Certificate	8.1	8.0	Annually
Public Provident Fund Scheme	8.1	8.0	Annually
Kisan Vikas Patra	7.8  (will mature in  110 months)	7.7 (will mature in  112 months)	Annually
Sukanya Samriddhi Account Scheme	8.6	8.5	Annually

Source : http://finmin.nic.in/the_ministry/dept_eco_affairs/budget/Revision_IR_SSShemes29092016.pdf

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Fixation of pay and grant of increment in the revised pay structure - Clarifications

Fixation of pay and grant of increment in the revised pay structure - Clarifications

Fixation of pay and grant of increment in the revised pay structure – clarifications reg

No.1-6/2016-IC(Pt.)

Government Of India

Department Of Expenditure

Implementation Cell

Room No.214, The Ashok, New Delhi

Dated the 29th September, 2016

OFFICE MEMORANDUM

Subject: Fixation of pay and grant of increment in the revised pay structure – clarifications regarding.

         Following the notification of Central Civil Services (Revised Pay) Rules, 2016, this Department has received references seeking clarification regarding various aspects of fixation of pay in the revised pay structure as also pay fixation and grant of increment in future under revised pay structure. The matter has been considered in this Department and the points of doubts are clarified as under:

Sl.No	Point of doubt	Clarification
1.	As per the provisions of FR 22 (I) (a) (1), the Government servants (Other than those appointed on deputation to ex-cadre post or ad hoc basis or on direct recruitment basis) have the option, to be exercised within one month from the date of promotion, to have the pay fixed under this rule from the date of such promotion/appointment or from the date of next increment.  Some of the employees, promoted between 01.01.2016 and the date of notification of CCS (RP) Rules, 2016 had opted for their pay fixation on promotion/financial up-gradation under MACPS from the date of their next increment in the lower grade. Consequent upon notification of CCS (RP) Rules, 2016 i.e 25th July, 2016, the option submitted by such employees has now turned out to be disadvantageous.  Whether such employee may be allowed to revise theiroption under FR 22 (i)(a)(1) at this stag.	Under the changed circumstances after notification of CCS (RP) Rules, 2016, the employee may be allowed to exercise revised option for fixation of pay under FR 22(I)(a)(1). Such revised option shall be exercised within one month of issue of this OM. Option so revised, shall be final
2	Whether Employees appointed/promoted/granted financial up-gradation during 02.01.2015 and 01.07.2015 will be entitled to grant of one increment on 01.01.2016.	Since the provisions of CCS (RP) Rules, 2016 are effective from 01.01.2016, no increment shall be allowed on 01.01.2016 at the time of fixation of pay in the revised pay structure.

(R.K.Chaturvedi)

Joint Secretary to the Govt.of India

Tel: 011-2611 6646

Source : http://www.finmin.nic.in/7cpc/7thCPC_PayFixation_revisedpaystructure.pdf

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Adoption of revision of pay of employees stagnating at the maximum of the Pay Band/Scale in pre-revised structure under 7th CPC pay structure.

GOVERNMENT OF INDIA (BHARAT SARKAR)

Ministry of Railways (Rail Mantralaya)

(Railway Board)

S. No. 7/PC-VII

RBE No.: 112/2016

File No. PC-VII/2016/RSRP/4

New Delhi, dated: 22.09.2016

The General Manager/CAOs(R),
All lndia Railways & Production Units,
(As per mailing list)

Sub:- Adoption of revision of pay of employees stagnating at the maximum of the Pay Band/Scale in pre-revised structure under 7th CPC pay structure.

Consequent upon notification of Railway Services (Revised Pay) Rules, 2016, the issue of provision of additional increment in the revised pay structure on 01.01.2016 in the case of employees who had been stagnating at the maximum of the Pay Band and Grade Pay or scale in the pre-revised pay structure of 6th CPC has been examined by Ministry of Finance.

2. It is clarified that in case of persons who had been drawing maximum of the applicable Pay Band and Grade Pay or Scale in 6th CPC, as the case may be, for more than two years as on 01.01.2016; one increment in the applicable Level in the Pay Matrix in 7th CPC shall be granted on 01.01.2016 for every two completed years of stagnation at the maximum of the said Pay Band and Grade Pay or Scale. Grant of additional increment (S) shall be subject to condition that the pay arrived at after grant of such increment does not exceed the maximum of the applicable Level in the Pay Matrix of 7th CPC. Illustrations:

(Amount in Rs.)

Pay Band and Grade Pay or Scale	PB-4 (37400-67000), GP 10000	HAG (67000-79000)
Maximum of the applicable Pay Band and Grade Pay or Scale	77000	79000
Date on which pay was fixed at maximum of the applicable Pay Band and Grade Pay or Scale	01.07.2014	01.07.2013
Revised Pay in the applicable Level in the new Pay Matrix	199600	205100
No. Of years completed at maximum of the applicable Pay Band and Grade Pay or Scale as on 01.01.2016	1 year and 6 months	2 years and 6 months
No. of increment(s) to be granted on 01.01.2016	Nil	01
Revised Pay after grant of increment on 01.01.2016	199600	211300

4. After fixation of pay on 01.01.2016 as indicated above, the date of increment shall be regulated as per the provisions of Rule 10 of Railway Services ( Revised Pay) Rules, 2016.

(Jaya Kumar G)

Deputy Director, Pay Comission-VII

Railway Board

Source: http://www.indianrailways.gov.in/railwayboard/uploads/directorate/pay_comm/PC7/SKMBT_36316092310200.pdf

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Senior Citizen Schemes: Cabinet gives ex-post facto approval to Varistha Pension Bima Yojana, 2003 and Varistha Pension Bima Yojana, 2014

Press Information BureauSenior Citizen Schemes: Cabinet gives ex-post facto approval to Varistha Pension Bima Yojana, 2003 and Varistha Pension Bima Yojana, 2014

Government of India

Cabinet

28-September-2016 15:00 IST

Cabinet gives ex-post facto approval to Varistha Pension Bima Yojana, 2003 and Varistha Pension Bima Yojana, 2014

The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has given its ex-post facto approval for the Varishtha Pension Bima Yojana (VPBY) 2003 launched on 14th July, 2003 and Varistha Pension Bima Yojana (VPBY) 2014 launched on 14th August, 2014. The Cabinet also granted approval for expenditure incurred on subsidy amount released to LIC during the period of 2003-04 to 2014-15 for VPBY, 2003 and approval to incur expenditure on VPBY, 2003 and 2014 from the financial year 2015-16 onwards.

The Schemes are implemented through Life Insurance Corporation (LIC) of India, and the difference between the actual yield earned by LIC on the funds invested under the Scheme and the assured return committed by the Government is paid as subsidy to LIC.

Both are pension schemes intended to give an assured minimum pension to the Senior Citizens based on an assured minimum return on the subscription amount. The pension is envisaged until death from the date of subscription, with payback of the subscription amount on death of the subscriber to the nominee.

Both the schemes VPBY - 2003 and VPBY - 2014 are closed for future subscriptions. However, policies sold during the currency of policy are being serviced as per the commitment of guaranteed 9% return assured by the Government under the schemes. VPBY-2014 was open from 14th August, 2014 to 14th August, 2015. As on 31sl March, 2016, a total number of 3,17,991 annuitants are being benefited under VPBY 2014. Similarly, a total number of 2,84,699 annuitants are being benefited under VPBY- 2003 as on 31st March, 2016.

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Toyota has announced its special initiative -- Drive the Nation -- exclusively for central and state govt employees

Toyota has announced its special initiative -- Drive the Nation -- exclusively for central and state govt employees 

 Toyota Kirloskar Motor has just announced its special initiative -- Drive the Nation -- exclusively designed for central and state govt employees and defence personnel (including ex-servicemen)

CHENNAI: With the 7th Pay Commission pay out increasing the disposable income of government employees, car companies are cranking out special packages to tap into this consumer segment. Toyota Kirloskar Motor (TKM), for instance, has just announced its special initiative -- Drive the Nation -- exclusively designed for central and state government employees and defence personnel (including ex-servicemen).
 The campaign which is applicable from September to December 2016 is a "one-stop-shop" of integrated offers to car buyers under the purview of the new initiative.
 Launched in line with the recent 7th Pay Commission for Central Government Employees on pay and pensionary benefits, the Drive the Nation campaign is an attempt to tap into this consumer segment. The initiative, which is applicable only on the Etios series, will offer a gamut of benefits starting from affordable funding solutions focused on low customer acquisition cost, attractive offers on Toyota Protect Insurance and Toyota Genuine Accessories, maintenance package and unmatched extended warranty.
 In addition, the campaign also offers a series of value-added services under the name F.A.M.I.L.Y offer including 100% on-road funding for seven years with zero down payment, a 25% saving on maintenance cost with a Service Value Maintenance Pack, a 10% discount on TGA Package, insurance benefits and Rs 10,000 loyalty bonus or Attractive Exchange Benefits through U-Trust Dealers and extended warranty of up to 5 Years or 180,000 km. 
N Raja, director & senior vice president (sales & marketing), Toyota Kirloskar Motor, said: "The 7th Pay Commission will be a positive boost for auto industry owing to the rise in income levels and spending capacity. It comes at the right time when we have launched our New Platinum Etios & Etios Liva to largely attract personal customers with enhanced comfort features. Customers can leverage from the 'Drive the Nation' initiative and maximize their purchase when they buy New Etios & Liva." The Etios Series, consisting of Etios, Liva and Cross, is positioned as family vehicles. Launched in 2010, the Etios has seen an upgrade earlier this month when the company launched the new Platinum Etios and New Etios Liva
. "With this launch, Toyota became the first in the industry to standardize Anti-Lock Braking System (ABS) with Electronic Brake-force Distribution (EBD) across all Toyota models & in all grades," said the company in a statement. 


Courtesy : PA Legacy (http://www.palegacyblogspot.in/)

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Postal JCA declares 2 days nationwide strike on 9th & 10th November, 2016 exclusively for GDS and Casual Workers Written 
 Postal JCA comprising NFPE, FNPO, AIPEU GDS & NUGDS declares 2 days nationwide strike on 9th & 10th November, 2016 for GDS and Casual Workers

Courtesy : PA Legacy (http://www.palegacyblogspot.in/)

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Postal Board to issue bonus orders of GDS with calculation ceiling of 7000/-

Postal Board to issue bonus orders of GDS with calculation ceiling of 7000/-

 Regarding grant of enhanced bonus of 7000 to GDS, Com. R. N. Parashar, Secretary General, NFPE discussed with Chairman, GDS Committee, Shri Kamalesh Chandra today (29.09.2016). Chairman informed that he had recommended for payment of bonus to GDS at the enhanced calculation ceiling of Rs. 7000/- and the file returned to Postal Board. (Last time Nataraja Murthy Committee has recommended that GDS should not be paid enhanced bonus and their bonus should be reduced to 50% of the departmental employees). Now that, GDS committee has recommended 7000, Postal JCA has demanded Postal Board to issue bonus orders of GDS with calculation ceiling of 7000/- without any further delay. 


Courtesy : PA Legacy (http://www.palegacyblogspot.in/)

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AIPEU CHQ - LETTER TO MEMBER(P) ON NON IMPLEMENTATION OF ORDER FOR RELAXATION OF ELIGIBILITY IN SERVICE CONDITION FOR PROMOTION IN POSTMASTER GRADE

AIPEU CHQ - LETTER TO MEMBER(P) ON NON IMPLEMENTATION OF ORDER FOR RELAXATION OF ELIGIBILITY IN SERVICE CONDITION FOR PROMOTION IN POSTMASTER GRADE

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Work with India Post Payments Bank

Work with India Post Payments Bank

Work with India’s largest banking network and make a real difference. Explore the different ways you can become a banker to the nation.

CHIEF EXECUTIVE OFFICER / MANAGING DIRECTOR:

IPPB invites applications for the post of CEO/ MD of its soon to be launched payments bank. The candidate will be responsible for leading the organization in driving business, especially catering to rural/unbanked customers. Candidates with relevant qualification, experience and skills (as specified in the advertisement) are encouraged to apply for this position and spearhead the organization as it transforms India’s financial landscape.

DOWNLOAD APPLICATION & DETAILS

SCALES VII & CGM:

Candidates with relevant qualifications, experience and skills with a minimum of 15/18 years experience may apply for full-time posts of GM (Finance), CGM(Operations), GM (HR), GM(Risk and Compliance) and CGM(Sales and Marketing). Applications open from September 28th, 2016 to October 19th, 2016.

APPLY NOW

DOWNLOAD DETAILS

CONTRACT POSTS:

Chief Technology Officer:

Candidates with relevant qualification, experience and skills may apply for the position of Chief Technology Officer (on contract). Applications open from September 28th, 2016 to October 19th, 2016.

APPLY NOW

DOWNLOAD DETAILS

​ Other Appointments:

​Candidates with relevant qualifications, experience and skills may apply for positions (on contract) across Company Secretary, Technology, Products, Risk & Compliance functions. Applications open from September 28th, 2016 to October 19th, 2016.

APPLY NOW

DOWNLOAD DETAILS

DEPUTATION FROM PSB – CORPORATE ROLES:

Candidates from Public Sector Banks with relevant qualification, experience and skills may apply for posts to be filled through deputation. Applications are to be received through proper channel by 19th October.

DOWNLOAD APPLICATION & DETAILS

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DEPARTMENTAL ANOMALY COMMITTEE – DEPARTMENT OF POSTS

DEPARTMENTAL ANOMALY COMMITTEE – DEPARTMENT OF POSTS

DEPARTMENTAL ANOMALY COMMITTEE – DEPARTMENT OF POSTS

Secretary General reported the communication received from the Department regarding constitution of Departmental Anomaly Committee. The following will represent NFPE in the Committee against the 5 seats allotted to NFPE. Com. R. N. Parashar (SG & GS – P3), Com. Giriraj Singh (GS-R3) Com. R. Seethalakshmi (GS-P4), Com. P. Suresh (GS-R4) Com. Pranab Bhattacharjee (Admin Union).

It is decided that all General Secretaries should submit the items to be included in the agenda of the Anomaly Committee to Com. Giriraj Singh, Secretary, JCM (DC) staff side on or before 15.10.2016. Branch/Divisional/Circle Secretaries should submit the items to their respective General Secretaries before 12.10.2016.

Fraternally yours,

(R. N. Parshar)

Secretary General

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