Thursday, June 16, 2016

7th cpc

7वां वेतनमान : सरकारी कर्मचारियों को 1 अगस्त से मिल सकती है 6 महीने के एरियर के साथ बढ़ी हुई सैलरी - zeenews

नई दिल्ली : केंद्र सरकार शीघ्र से ही अपने 47 लाख कर्मचारियों और 52 लाख पेंशनधारियों को खुशखबरी दे सकती है। मीडिया रिपोर्टों पर यकीं करें तो एक अगस्त से केंद्रीय कर्मचारी 6 महीने के एरियर के साथ बढ़ी हुई सैलरी पाने लगेंगे।

रिपोर्टों के मुताबिक जुलाई की बढ़ी हुई सैलरी एक अगस्त 2016 को 47 लाख कर्मचारियों और 52 लाख पेंशनधारियों के खातों में जमा होगी। हालांकि, यह साफ नहीं है कि पिछले छह महीने का पूरा एरियर एक अगस्त को ही कर्मचारियों के खाते में जमा होगा अथवा इसे समय-समय पर जमा किया जाएगा।

गौरतलब है कि केंद्र सरकार 7वें वेतनमान को 1 जनवरी 2016 से प्रभावी बनाने की सोच रही है। बता दें कि 7वें वेतन आयोग में 2,50,000 रुपए का अधिकतम मूल वेतन और 18,000 रुपए का न्यूनतम मूल वेतन का सुझाव दिया गया था। इसके अलावा 30 प्रतिशत की वृद्धि को मानें तो मासिक वेतन क्रमशः 23,400 रुपए के न्यूनतम स्तर और 3,25,000 रुपए के अधिकतम स्तर तक पहुंच सकता है।

SOURCE - ZEE NEWS

Tuesday, June 7, 2016

Verification Of Transactions In CBS Post Offices - An Important Order From Director (CBS) Read more at: http://www.palegacyblogspot.in/2016/06/verification-of-transactions-in-cbs.html Courtesy : PA Legacy (http://www.palegacyblogspot.in/)

It has been observed by Infosys Team from the back end that Supervisors of CBS Post Offices are not verifying transactions on regular basis which is resulting in pilling up of transactions for verification at the closing hours. This is also resulting in delay is starting and completion of End of Day operations. It is requested that instructions may be issued to all CBS Post Offices that every Supervisor to regularly verify transactions and should visit all Transaction Verification menus after every 30 minutes to see any pending transaction for verification. This should be strictly followed. Supervisors are also bound to verify all non financial modifications and it is observed that hundreds of such modifications are pending for verification. This is resulting in non picking up of such accounts by interest batches and customers are complaining that interest is not generated for his/her account. This should also be ensured that Supervisors should verify all non financial modifications and account opening regularly. It is also observed that some post offices start BO transaction posting very late resulting in delay in starting of EOD. It is requested that transactions of BOs should be either completed by 4.30 PM or should be posted on the next day. 

With regards, 
Sachin Kishore Director (CBS) 
Sansad Marg, Dak Bhavan

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

A patch has been deployed to enter SSA deposits through CPDTM menu. Read more at: http://www.palegacyblogspot.in/2016/06/a-patch-has-been-deployed-to-enter-ssa.html Courtesy : PA Legacy (http://www.palegacyblogspot.in/)

A patch has been deployed to enter SSA deposits through CPDTM menu.  CTM / CXFER menu cannot be used for SSA Account deposits henceforth. ​ SSA penalty collection will be possible through CPDTM similar to PPF accounts. This will be calculated on completion of SSA year-end batch execution only.  CPDTM This menu is used to deposit the PPF amount or repayment of loan or repayment of loan interest. Now it can be also used for accepting SSA deposits. Invoke the menu CPDTM and follow the following steps Select the function as "Add" 2. In the second step select the transaction type as "Cash normal payment" if mode of receipt is cash else select "Customer transfer " if it is a transfer. 3. In the third step select the type as normal contribution or loan repayment or loan interest repayment depending on the receipt you are accepting.  4. In the forth step give account number and amount then click on submit. 5. Then finally note the transaction id and verify in the supervisor login.If there is any default it will show at the generation of transaction id. 

Read more at: http://www.palegacyblogspot.in/2016/06/a-patch-has-been-deployed-to-enter-ssa.html
Courtesy : PA Legacy (http://www.palegacyblogspot.in/)

Solution for double deposit of SSA in DoP Finacle Read more at: http://www.palegacyblogspot.in/2016/06/solution-for-double-deposit-of-ssa-in.html Courtesy : PA Legacy (http://www.palegacyblogspot.in/)

Invoke CPWTM menu as Normal Withdrawal in TRANSFER mode  
Enter the SSA account number in both Credit and Debit Account number Fields 
and tran amount same as in Wrong transaction, 
Enter the report code as "REVRS", 
Click on Submit

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

Identification Of Extended PLI Clientele Read more at: http://www.palegacyblogspot.in/2016/06/identification-of-extended-pli-clientele.html Courtesy : PA Legacy (http://www.palegacyblogspot.in/)
















Pension Commutation values - Table I & II

PENSION COMMUTATION VALUES TABLES

Table 1: Commutation values of a pension of Rs. 1 per annum, effective from 1.3.1971

Table 2: Commutation values for a pension of Rs. 1 per annum as per Sixth CPC recommendations, effective from 1.1.2006



Table-1
COMMUTATION VALUES FOR A PENSION OF Re. 1 PER ANNUM 
Effective from 1st march, 1971 

[See Rules 8,26 (7), 28 (5) and 29 (1) and 29 (2) ]

Age next birthday
Commutation value expressed as number of year ’ s 
Purchase
Age next birthday
Commutation value expressed as number of year ’ s 
Purchase
Age next birthday
Commutation value expressed as number of year ’ s 
Purchase
(x)
(y)
(x)
(y)
(x)
(y)
(1)
(2)
(1)
(2)
(1)
(2)
1719.284015.87639.15
1819.204115.64648.82
1919.114215.40658.50
2019.014315.15668.17
2118.914414.90677.85
2218.814514.64687.53
2318.704614.37697.22
2418.594714.10706.91
2518.474813.82716.60
2618.344913.54726.30
2718.215013.25736.01
2818.075112.95745.72
2917.935212.66755.44
3017.785312.35765.17
3117.625412.05774.90
3217.465511.73784.65
3317.295611.42794.40
3417.115711.10804.17
3516.925810.78813.94
3616.725910.46823.72
3716.526010.13833.52
3816.31619.81843.32
3916.09629.48853.13

Table-2
COMMUTATION VALUES FOR A PENSION OF Re. 1 PER ANNUM 
as per Sixth CPC recommendations, effective from 1.1.2006 

Age next birthdayCommutation value expressed as number of year’s purchaseAge next birthdayCommutation value expressed as number of year’s purchaseAge next birthdayCommutation value expressed as number of year’s purchase
20
9.188
41
9.075
62
8.093
21
9.187
42
9.059
63
7.982
22
9.186
43
9.040
64
7.862
23
9.185
44
9.019
65
7.731
24
9.184
45
8.996
66
7.591
25
9.183
46
8.971
67
7.431
26
9.182
47
8.943
68
7.262
27
9.180
48
8.913
69
7.083
28
9.178
49
8.881
70
6.897
29
9.176
50
8.846
71
6.703
30
9.173
51
8.808
72
6.502
31
9.169
52
8.768
73
6.296
32
9.164
53
8.724
74
6.085
33
9.159
54
8.678
75
5.872
34
9.152
55
8.627
76
5.657
35
9.145
56
8.572
77
5.443
36
9.136
57
8.512
78
5.229
37
9.126
58
8.446
79
5.018
38
9.116
59
8.371
80
4.812
39
9.103
60
8.287
81
4.611
40
9.090
61
8.194

[Basis: LIC(94-96) Ultimate Table and 8.00% interest]

Source: Pensioner Portal

Procedure for doing BO SSA transactions in DoP Finacle using CPDTM

BO SSA Transactions in DOP Finacle by using CPDTM Menu


DOP Finacle Menu CPDTM
Choose Function As - ADD
Transaction Type as - Bank Transfer
Sub Type - Normal Contribution
Go
Enter SSA A/c id in Cr account id.
Enter Amount
Enter Dr account id as SOL Id+ 0339
Post
The Supervisor should be verified by using the same menu. CPDTM

NPS Versus EPF: Which One Is Better

EPF has been a popular choice of saving tax and retirement planning for over 60 years and currently close to four crore members are depending upon their EPF balances for post-retirement life. On the other hand, NPS was launched in 2004 for new government employees and subsequently it was offered to general public in 2009. NPS is still to gain popularity among masses.

The basic difference between EPF and NPS is that whereas EPF gives assured tax-free returns in the shape of annual interest, NPS gives market-linked returns where the maximum of 50% of contributions can be allocated to equity markets. Thus, the potential of earning higher returns is clearly with NPS in comparison to EPF, provided the investment is made for a long-term horizon of 10 years or above.
EPF is easy to maintain and track and annual returns being earned by all subscribers will always be the same irrespective of the amount of contribution or age of the member. However, the same is not true for NPS where the performance of fund managers will differ and also the allocation between equity and debt.

Important point to note is that tax-saving provision for both EPF and NPS are mutually exclusive as EPF gives deduction up to Rs 1.5 lakh u/s 80C and NPS gives additional deduction up to Rs 50,000 u/s 80CCD.

In conclusion, NPS and EPF are not alternative to each other. Rather, they are complimentary to each other and both schemes are recommended to be included in everyone's portfolio.

Comparison Between EPF & NPS

Eligibility

EPF is open only for salaried employees of private sector organisations. NPS is compulsory for government employees who have joined service after April 2004. However, NPS is also open to general public, including businessmen, self-employed, housewives and persons working in organised/un-organised sector.

Mode of investment

In EPF, it is a disciplined approach and an employee does not have to do anything as 12% of his basic salary is deducted towards contribution to EPF and a similar amount is added by the employer. However, in NPS, it is completely voluntary and investors may invest either lump sum or in any kind of instalments.

Minimum/maximum investment

In NPS, minimum investment in one financial year is Rs 6,000 and there is no upper limit. On the other hand, in EPF, the employer contribution is restricted to 12% of monthly basic salary and employee can also opt for extra voluntary contribution.

Asset allocation

In EPF, 100% allocation is towards debt instruments. In case of NPS, investor is offered two choices — either to decide his own asset allocation between equity and debt or he can also opt for default option. Under default option, allocation to equity continues to decrease with every passing year up to retirement whereas in other option, the maximum allocation to equity can be only 50%.

Expected returns

In EPF, return is assured and is same for all subscribers. For the last financial year, the interest rate applicable for EPF members was 8.7% per annum. On the other hand, investors in NPS may expect a slightly higher return due to allocation to equity. Over a long tenure of 10 years or over, returns generated by NPS Scheme may be 2 to 3 % higher than those generated by EPF.

Tax benefits

As per current provisions, contributions to EPF qualify for deduction u/s 80C up to a maximum limit of Rs 1.5 lakh but u/s 80C there are other alternatives also like PPF, ELSS, insurance plans, tuition fees, five-year bank deposits, etc. For NPS investors, there is an exclusive deduction up to a maximum limit of Rs 50,000 u/s 80CCD (1B) over and above Section 80C and there is no other alternative for this.

On maturity, total amount in EPF will be tax-free and the entire amount can be withdrawn at the time of retirement. However, in case of NPS, up to 40% of corpus can be withdrawn without paying any tax. Balance 60% may be invested in buying an annuity i.e. an immediate pension plan. In NPS, under no circumstances, 100% of corpus can be withdrawn at retirement. Minimum 40% of corpus has to be invested in purchase of an annuity plan. However, one can also buy an annuity plan by investing 100% of corpus.

The writer is Group CEO & Director, Bajaj Capital. The views expressed in this article are his own

TOOL FOR SB CASH & SPM ROUGH A/C

SB CASH / SPM ROUGH BOOK TOOL


An easy way to tally the SB cash book and Rough book by using the above tool. This may be downloaded form the below link and pre-requisite this tool is MS Office Excel. Click below to download the tool.

Download

Thanks to
M P SENTHIL M.Com, MCA
Postal Assistant Kollumangudi SO 609403
Mayiladuthurai Division Tamilnadu Circle

Solution for report generation as proposed by Infosys team is as under-

Solution for report generation as proposed by Infosys team is as under- 

Clearing Browsing History in Internet Explorer: 

1 . Select Tools Menu-> Internet Options-> Click on Delete button under Browing history column Then select all the options such as Temporary internet files and web site files , Cookies and website data , History etc., and click delete button 
( The Relevant Screen shot is attached) 
2. After deleting the browsing history. Add the Production URLhttp://172.16.20.44/DashBoard/loginPage.action​ in compatibility view settings 

Select Tools ->compatibility view settings -> Type production URLhttp://172.16.20.44/DashBoard/loginPage.action​ in Add this website text box and then click ADD button then Click Close button
(Relevant screen shot attached)


Saturday, June 4, 2016

SB CIRCULAR 2/2016

S B Order No. 02/2016 : Acceptance of POSB business in the case of Finacle CBS application is not accessible or slow to accept transactions presented at the counter - invoking of Business Continuity Plan (BCP) regarding

PROCEDURE FOR ADDING NSC NEW PRODUCT TO AGENT IN FINACLE

At the time of issuing NSC certificates, we are facing an error, "The agent you Input has not linked with current scheme code. Please setup it proper"
Step by Step Procedure in Detail:
1. Invoke HDSAMM menu 
2. Function - Modify 
3. Enter DSA ID - Nothing but Agent id 
4. Click on GO(F4) 
5. A screen will be appeared as follows 

SIFY Network - Limits Internet Access in Post offices which is Migrated with CBS(Sify Network)

 Approved and Accessible Sites through SIFY Network:

All links Under India Post:

https://services.ptcmysore.gov.in/Speednet/
https://services.ptcmysore.gov.in/RNet
https://services.ptcmysore.gov.in/emo
https://services.ptcmysore.gov.in/uidreports/
https://services.ptcmysore.gov.in/AccountsMIS/
http://indiapostarrow.gov.in/arrow/default.asp
http://www.indiapost.gov.in/RuralInfrastructure/
http://ptcinfo.org/eiodweb/
http://www.indiapost.gov.in/ccc/
http://www.ptcinfo.org/DigiFrank/
http://www.ptcinfo.org/eurogiro/
https://services.ptcmysore.gov.in/spc/
https://www.epostoffice.gov.in/
http://indiapost.nic.in/
https://mail.gov.in/iwc_static/layout/new_login.jsp
http://www.indiapost.gov.in/SpeedPost.aspx
http://www.indiapost.gov.in/ExpressParcel.aspx
http://www.indiapost.gov.in/IMOS.aspx
http://www.indiapost.gov.in/BusinessPost.aspx
http://ipsweb.ptcmysore.gov.in/ipswebtracking/
http://services.ptcmysore.gov.in/Speednettracking/Track/UIDTrack.aspx
https://wupos.westernunion.com/agent-app/login
http://www.reliancegold.in/jsp/userLogin.jsp
https://services.dopmobile.in/MerchantApp/
http://mail.nic.in

SDC Chennai:
tamilnadupost.nic.in/sdc/index.htm


Private Sites:
www.google.com
www.yahoo.com


All other Sites were blocked by SIFY Network as per DOP Order.

Source : http://potools.blogspot.in/

RURAL ICT - DEPARTMENT OF POSTS

A BROAD OUTLOOK ON IMPLEMENTATION OF RURAL ICT IN BRANCH POST OFFICES

published on request from interested GDS on computerization & modernization of Branch Offices
http://aipeugdsnfpe.blogspot.in/

SERVICES TO BE COVERED UNDER RURAL ICT





Salary / Pension Credit in Finacle

DOP Salary / Pension Credit in Finacle

Uploading the Salary / Pension file in FinacleMENU - 

HTTUM 

This option is available only for SYSTEM ADMINISTRATOR

Pre-requisites

1. An excel file with the following columns to be prepared for Pension credit

2. An excel sheet with following columns to be prepared for Salary Credit

3. An exe will be provided to convert the above excel sheets to the prescribed txt formats.
4. The generated .txt files can be stored in the desired location.

(Please note: Uploading of salary and pension has to be done only after BEGIN OF DAY (BOD) of last working day ie 31/01/2014 January 2014)

Procedure to upload Salary / Pension 

1. In ‘Report to Field’, enter ‘DoP’.
2. Transaction subtype should be selected as ‘Transfer – Bank Induced’.
3. Select ‘POST’ option for Action.
Note : First Do the Action as Trial and Correct the Error before Post
4. Select ‘On successful upload’ for Rename File after Upload.
5. Select ‘Local File Path’ and click on ‘Submit’ button.

6. Next screen with ‘Browse’ button will be displayed; select the finacle format file. 
7. Click on Go/ press F4 using KeyBorad.
8. A message ‘Batch process initiated’ will be displayed.
9. Go to HPR to see the success report. Also check OFTI report for getting the details on posting. Note down the system generated Transaction ID.
10. Check whether the “SALARY UPLOAD ACCOUNT” (SOLID0409) is debited for the entire amount and also check the individual credit of salary for each account.
11. Check whether the “PENSION UPLOAD ACCOUNT” (SOLID0408) is debited for the entire amount and also check the individual credit of pension for each account.
12. Salary and Pension account will always be in Credit (-ve) to that extent of salary and pension payment made.
13. Take a print out of Ledger copy of SOLID0408 AND SOLID0409 using the menu 
HACLPOA
14. The Dr should be equivalent to the salary or pension credited for the month. It is the duty and responsibility of the Supervisor to ensure that the amount debited from Salary and Pension account is equivalent to the credits made in respective salary and pension accounts.
15. Check whether the system generated ID is posted using HTM. If it is not verified, Tran ID is to be verified by the Supervisor.

Source : http://dopfinacle.blogspot.in/

Refund of SCSS TDS amount in DOP finacle

  • As per the DOP norms if the total interest amount on the SCSS principle exceeds Rs 10000/- then an amount of 10% TDS will be deducted.
  • If the TDS amount is deducted for a particular SCSS account then the same can be inquired using the menu HTDTRAN.
  • The total interest amount and TDS amount will be shown as in below figure by invoking the HTDTRAN menu as follows  

  • If the customer submitted tax form(15G/15H) then we have to enter the same in account level and CIF level as mentioned below.

At CIF level

  • Invoke the menu CMRC then select the function as "Modify" and enter the CIF id of the customer as shown


  • Then click on Go in the next screen select the field tax deducted at source and fill the same with "NOTAX" from the searcher if the customer presents the tax form.

  • Then click on submit and verify the same CIF Id in the supervisor menu.

At Account Level:-

  • Invoke the menu CSCAM then select the function as "modify" and enter the account number as shown below

Then click on Go system will open a new application in the next screen enter the following

  • Enter the column Tax form as "15G/15H"
  • Select the field Tax category as "N-No Tax"  as shown



Then click on Submit and verify the same in the supervisor login

Note:-If any account modification is pending for TDA accounts(SCSS/TD and MIS account) then the system will not generate interest on the due date which can be inquired by using the menu HAFI or Scheduled reports available for System Admin,So immediately verify the account modification done for TDA accounts for smooth functioning.

Procedure for Refund of SCSS Tax in DOP Finacle:-

  • If the customer presented the tax form(15G/15H) even though tax is deducted we have to refund the amount by using the menu HRFTDS.
  • Make sure that tax deducted is not uploaded in the income tax traces before refunding the amount to the customer by using the below procedure.

HRFTDS means Refund TDS

  • Invoke the menu HRFTDS and enter the following fields
  1. Enter the field Report To as "postmaster"
  2. Enter the refund CIF if as __________
  3. Enter the From a/c id __________
  4. Enter the To a/c id _________
  5. Select Include closed a/c as "yes"
  6. Select Accrued TDS as "Yes"
  7. Select the Tran. Type as "transfer" avoid selecting cash if we select the cash then it will be blocked and there will problem at the time of EOD so select the transaction type as transfer as shown

Then click on "GO" then the system will show the tax deducted in the next enter the Refund a/c id as "postmaster id(SOLid+0340) or Customer SB account" as shown



Then finally click on submit and note that there is no verification for refund of TDS done for SCSS account by the above procedure.

Source : http://pofinacleguide.blogspot.in/