51 post offices in TS, AP to be payments bank branches
Hyderabad: A total of 51 Post Offices (POs) in Telangana State and
Andhra Pradesh have been identified for functioning as payments bank
branches, providing a slew of services, including distribution of
financial products. These offices - 34 in Andhra Pradesh and 17 in
Telangana - will operate as branches of India Post Payments Bank
(IPPB).
IPPB came into existence after it received certificate of incorporation
from the Registrar of Companies, setting the stage for the new bank to
start operations in 2017. Similarly, 17 POs have been identified for
IPPB branches in Telangana. Of these, Hyderabad GPO will be operational
as IPPB branch by March 2017 and remaining 16 by September 2017, Rai
said.
The benefits of IPPB include doorstep banking through postmen and
Grameen Dak Sewaks, distribution of third party financial products like
loans, insurance, pension products, mutual funds, international and
domestic remittances, payment of utility bills, municipal dues, fees,
government payments, taxes, DBT and MNREGA disbursements, among others.
"IPPB will drive the benefits of financial inclusion by bringing a host
of financial products to suit the needs of different strata of society
with special focus on the marginalised sections rural areas," Rai added
IMPORTANT GOVT ORDER
A MAJOR VICTORY OF THE STRUGGLE OF CENTRAL GOVT EMPLOYEES:
Confederation
of central Govt Employees & Workers have been continuously fighting
against pension reforms implemented by Govt in tune with the
neo-liberal policies and demanding SCRAPPING OF THE NEW PENSION SYSTEM
(NPS). Further we have been demanding that those employees who are
covered by NPS should be eligible for payment of Death cum Retirement
Gratuity (DCRG) and Family Pension and also Govt guaranteed Minimum
Pension and Compensation for price rise (Dearness Relief). Now the Govt
has conceded one of our demand. Govt of India has issued orders to
extend the benefit of Gratuity to all NPS Employees. Further the Cabinet
has decided to constitute a committee for streamlining the
implementation of NPS. We shall present the remaining issues before that
Committee also. Scrapping of NPS is one of the main demand of 2016
September 2nd General Strike also. No struggle will go in vain. Let us
make the strike a grand success
M.Krishnan,
Secretary General
Confederation.
No. 7/5/2012-P&PW(F)/B
Ministry of Personnel, Public (Grievances and Pensions
Department of Pension and Pensioners Welfare
Lok Nayak Bhawan, Khan Market,
New Delhi-110 003, Dated the 26th August, 2016
OFFICE MEMORANDUM
Subject:
Extension of benefit of Retirement Gratuity and Death Gratuity to the
Central Government Employees covered by new Defined Contribution Pension
System (National Pension System) – regarding.
The undersigned is directed to say that the pension of the
Government servants appointed on or after 1.1.2004 is regulated by
the new Defined Contribution Pension System (known as National Pension
System), notified by the Ministry of Finance (Department of Economic
Affairs) vide their O.M. No. 5/7/2003-ECB & PR dated 22.12.2003.
Orders were issued for payment of gratuity on provisional basis in
respect of employees covered under National Pension System on their
retirement from Government service on invalidation or death in
service, vide this Department’s O.M. No. 38/41/2006-P&PW(A) dated
5.5.2009.
2.
The issue of grant of gratuity in respect of government employees
covered by the National Pension System has been under consideration of
the Government. It has been decided that the government employees
covered by National Pension System shall be eligible for benefit of
‘Retirement gratuity and Death gratuity’ on the same terms and
conditions, as are applicable to employees covered by Central Civil
Service (Pension) Rulke,1972.
3.
These orders issue with the concurrence of Ministry of Finance,
Department of Expenditure, vide their .D. Note No. 1(4)/EV/2006-II dated
29.07.2016.
4.
In their application to the persons belonging to the India Audit and
Accounts Department, these orders issue after consultation with
Comptroller and Auditor General of India.
5.
These orders will be applicable to those Central Civil Government
Employees who joined Government Service on or after 1.1.2004 and are
covered by National Pension System and will take effect from the same
date i.e. 1.1.2004.
Sd/-
(Harjit Singh)
Director (Pension Policy)
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