INCENTIVES IN INDIA POST

INCENTIVES IN INDIA POST

I) SB commission paid to BPMS

1) one year TD 0.5%
2)Two years & three years TD 1%
3) five years TD 2%
4) POSB 2% on net accretion of not less than
Rs.500.excluding deposit made in March but including withdrawals of March.

II) Incentive@ 2% of the sale of stamps/stationery up to

Rs 30/- to each customer.

III) Commission paid to PRSS:

1) One year TD Nil
2)2 &3 year TD 1%
3) 5 year TD 2%
4) 6Year NSC VIII issue 0.5%

IV) MIS

1) Opening of account

a)Supervisor Rs 0.50 per account
b)Asst. Rs 1.00 "
c) LC Rs 0.50 "

2) Payment

a)Supervisor Rs 0.50 "
b) Counter PA Rs 1.00 "
c) LC Rs 0.50 :Ceiling is for individual for Rs. 500 p.m and not per counter of office

V) Speed Post Incentive

1) Rs.0.50 is payable for each SP article booked where no seperate booking counter is provided for speed post work.
2) Incentive of Rs.0.75 per article booked over and above the threshold specified where seperate post has been sanctioned for speed post work.
3) Incentive of Rs.0.50 per article delivered in addition to his other normal duties.
4) Rs 5/- per customer in respect of articles booked under special journal.
5) No incentive is payable to postman whose return is more than 2%

NREGS WORK

Incentive is admissible when atleast 10 transactions in the account in a financial year.Both deposits and withdrawals will be taken in to account of the purpose of arriving at the number of transactions.

1. GDS BO with one official only Rs.8.60 per account per annum

2. GDS BO with 2 officials GDS BPM- Rs7.60 per account per annum other GDS official-Rs.1.00 per account per annum

3.GDS BO with 3 officials-GDS BPM-Rs.6.60 " GDS-1 - Rs.1.00 "GDS-II - Rs.1.00 "

SUB POST OFFICES

Rs.4.40 per account per annum having 10 transactions in a financial year.

SPM(Clss-III)-----------Rs.3.40
Group-D/Packer ------Rs.1.00
SPM (Cl-II & Cl -I)
Supervisor- Rs.1.40
Postal Asst. Rs.2.00
Group-D/Packer Rs.1.00

LSG & HSG POs

Supervisor Rs.1.15
SBPA Rs.2.00
Group-D/Packer Rs.0.50
Treasurer Rs.0.50
C.O Rs.0.25

HEAD POST OFFICES

Supervisor Rs.0.50
LC Rs.1.00
PA.SBCO Rs0.25
SupervisorSBCO RS.0.25
Treasurer Rs.0.50
Group-D/Packer Rs.0.25
C.O Rs.0.25

INCENTIVE ON PLI/RPLI BUSINESS

i)DO PLI------Up to Rs.4 crores of sum assured---------Nil/-

Above Rs.4 Crores and up to 6 crores of sum assured- Rs.20/- per Rs. 10000 sum assured.

Above Rs.6 crores of sum assured "

Incentive for field officer

Up to Rs.30 lacs of sum assured Rs.15/- per Rs.10000 of sum assured

Above Rs.30 Lacs and up to 40 lacs Rs.17.50/-

Above Rs.40 lacs and up to 50 lacs Rs.20/- 

Above Rs 50 lacs of sum assured Rs.25/- 

LUMP SUM INCENTIVE

For effective business of atleast Rs.5 lacs-- Rs.625/- only  at least Rs.10 lacs Rs.1250/- only

For effective business of every Rs. one lac Rs.125/- per every one lakh of effective over and above Rs.10/- lacs business

GDS EMPLOYEES FOR PROCUREMENT OF PLI/RPLI BUSINESS

RS.2.50 PER One thousand sum assured.
Rs.1% on renewal of premium

GDS employee incentive rates for RPLI has been revised

as 10% of first year premium and 2.5% of subsequent premium deposited by Insurant

SDIs/ASPOs/PRI(P)/POSTMEN/POSTAL ASSTs

• RS.25/- per Rs.10000/- sum assured up to 2 crores of sum assured
• Rs.20/- per Rs.10000/- sum assured for above 2 crores of sum assured

SDIs/ASPOs shall get commission of 10% on the total incentive paid to GDS staff on sum assured only for processing the proposal.

MO/RURAL POSTMEN

Rs.2.50 per 1000/- sum assured for procuring business Direct Agents will get incentive as per Field Officers