RBI may give payment bank licence to postal department in August: Ravi Shankar Prasad

This will enable the network of 1,54,000 post offices (including 1,30,000 rural post offices) to offer banking services to the masses in the country. 

"We expect RBI to give payment bank licence to post (department) in August," Minister of Communications and IT Prasad said. 

In last one year, the Department of Post (DoP) has networked 27,215 post offices into one national unit through computers. 

The DoP, which has applied for a payment bank licence, has a hybrid model in mind to operate Post Bank of India. 

As per RBI guidelines, payment banks would offer a limited range of products such as demand deposits and remittances. They will not be allowed to undertake lending activities and will initially be restricted to holding a maximum balance of Rs 1 lakh per individual customer. 

They will be allowed to issue ATM or debit cards as also other prepaid payment instruments, but notCREDIT CARDS. 

According to a source, Prasad has approved hybrid model suggested by Ernst & Young which prepared detailed project report on Post Bank of India (PBI). 

"E&Y has come out with three models but suggested preference to a hybrid model. Under which about 600 branches will be directly operated by PBI staff in post office premises and transactions in other parts of the country will be supported by India post staff," a post bank official said. 

Post Bank of India is proposed to have its own employees and IT infrastructure. The transaction handled by India Post, employees will be entered in to the server of PBI. 

The Department expects revenue of over Rs 550 crore from PBI in first five years.

Source:-The Economic 

Retirements in AP Circle.

The following officers are retiring on 30.06.2015 on superannuation.

1. Sri P.Siddaiah AD  RO Hyderabad,

2. Sri N.Prakasarao SP Ananthapur Dn,

3.Sri T.Krishna ASP (SPC) Hyderabad.

Association wishes them a  happy retired life.

Revision in the limit of minimum balance for issuance of ATM/Debit cards to POSB Account holders

Hyderabad CAT case- Updates.

OA No. 296/2014:

As per the information ascertained, the above said CAT case filed by SPs/ASPs relating to grant of GP Rs. 5400- to those who are drawing  GP Rs. 4800- for four years, came for final hearing on 14.07.2015.   

Verification of membership-2015 and authorization.

ATTENTION PLEASE. IMPORTANT COMMUNICATION.


Dear office bearers and members, good morning every body.

As per the instructions from the Chq. and Dte. letter no. 13-012015-SR , declaration forms have been despatched to office bearers as discussed over phone.  All the members are requested to extend co-operation and handover the filled in declaration forms to ASP (Hqrs) in turn declarations will be submitted to divisional head for onward transmission to DDO, before the due date fixed by the directorate.

Implementation of "Nanyatha" software in Guntur city to monitor Letter Box clearance

Conducting training on CBS finacle application to SDHs in AP Circle.

The association has taken up with the Circle Office on the above subject.  In reply to the our letter , the Circle Office vide their letter no. FS/CBS/Trg/2015 dated 03.06.2015 replied that so far two batches of executive Awarness programme on CBS Finalce application for group "A" and "B" officers have been conducted at WCTC Humayunnagar  (Hyderabad) from 24.1.2014 to 27.11.2014.  Training to rest of officers  was taken up with the Dte.

We hope that training on Finacle application would be imported within couple of months.

Promotion to the STS cadre of Indian Postal Service, Gr. A

Cadre restructuring of Inspector Posts Cadre and merger of ASP cadre in to PS Gr. B cadre- GS addressed DDG

No. GS/AIAIASP/Merger-ASP/2013                                  dated 16/6/2015

To,

Shri Shailendra Dashora,

Dy. Director General (Estt.),

Dak Bhawan, Sansad Marg,

New Delhi 110 001.

         

Subject: Cadre restructuring of Inspector Posts Cadre and merger of ASP cadre in to PS Gr. B cadre…reg.

Ref.      : Dte. File No. 25-35/2011-PE-I dated 3^rd December, 2014 & this       

              association letter even no dated 11/5/2015.

Respected Sir,

         

         Kindly recollect the discussion had with the representatives of this Association on 11/6/2015 on the above cited subject. As desired the required information regarding approximately availability of ASPs and ASPs working on adhoc basis in PS Gr. B cadre is as under.

Sl. No.	Name of Circle	ASPs available in circle  (except col.4)	ASPs working as adhoc PS Gr. B	Total ASPs available  (col.3+4)
1	2	3	4	5
1	Andhra Pradesh	173	4	177
2	Assam	34	10	44
3	Bihar	66	12	78
4	Chhattisgarh	22	0	22
5	Delhi	41	14	55
6	Gujarat	70	7	77
7	Haryana	31	7	38
8	Himachal Pradesh	15	7	22
9	J & K	11	3	14
10	Jharkhand	29	4	33
11	Karnataka	120	2	122
12	Kerala	80	7	87
13	Maharashtra	165	43	208
14	Madhya Pradesh	58	6	64
15	North-East	10	4	14
16	Odisha	58	13	71
17	Punjab	45	5	50
18	Rajasthan	79	10	89
19	Tamil Nadu	190	15	205
20	Uttar Pradesh	113	36	149
21	Uttarakhand	17	3	20
22	West Bengal	94	32	126
	Total	1521	244	1765

It is requested to kindly persue the file at the earliest, as other cadres files for cadre structuring have already been sent to Nodal Department/Ministry by the department.

  

With profound regards,

Yours faithfully

Sd/- 

(Vilas Ingale)

General Secretary

NEW CBS ACCOUNT OPENING FORM FOR POST OFFICES

Source: Chq

Diet sodas are also deadly: US studyinter-friendly versionSend by email

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 Joining the long list of 'ill-advised' consumer products, diet soda or drinks are linked to cardiovascular issues such as heart attack and stroke in healthy, post-menopausal women, according to a US study whose finding were presented recently at the American College of Cardiology's 63rd annual scientific session in Washington, DC.

Around 60,000 women participated in the study conducted by University of Iowa. It is found that women who consumed two or more diet drinks a day were 30 per cent more likely to experience a cardiovascular event, and 50 per cent more likely to die from a related disease. The researchers emphasized how the association between diet drinks and cardiovascular problems raises more questions than it answers, and "should stimulate further research".

Diet drinks also contain aspartame, which is linked to non-Hodgkin lymphoma and leukemia in men, another study published in American journal of the American society of nephrology said. US National Library of Medicine also determined that long-term consumption of aspartame leads to an imbalance in the antioxidant/pro-oxidant status in the brain. So let us all beware of it and tell to friends about the diet drinks.

Source: Deccan chronicle daily.