Opening of IPPB account and usage of IPPB Mobile App by DoP staff and Gramin Dak Sewaks (GDS). ...

Opening of IPPB account and usage of IPPB Mobile App by DoP staff and Gramin Dak Sewaks(GDS)

To view, please CLICK HERE.
 

Redeployment of post of Sr.DDG(Vig) & CVO as Sr.DDG Post Bank of India(PBI)

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Intra Operable Netbanking for POSB Saving Accounts

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Verification of online applications submitted by DOP employees for the selection to IPPB

IPPB to Link Existing Post Office Savings Bank Accounts (POSB)

New Delhi: India Post Payments Bank (IPPB) will press into service postmen equipped with smartphones to go door to door and will open 3,250 customer access points across 650 districts when it launches operations in March, seeking to cater largely to under-banked rural areas.

The bank will leverage the 155,000 technologically upgraded post offices, of which 129,000 are in rural areas, as well as the existing customer base of India Post, Anant Narayan Nanda, Secretary, Department of Posts, and Chairman of IPPB, said in an interview.

A special dispensation from the Reserve Bank of India (RBI) will enable the payments bank to link accounts of existing post office savings bank customers and let them access both on the same screen and perform transactions. According to Nanda, this will give a huge fillip to existing customers. India Post has around 170 million savings bank accounts.

“By December 2018, 2 lakh postmen and gramin dak sewaks carrying mobile phones will offer doorstep banking to customers predominantly in rural areas. Eventually, this number will increase to 3.5 lakh,” Nanda said.

The bank plans to start with 3,250 access points—five each in 650 districts—and scale up the number every month. It will employ 3,000 people—roughly half the staff will be on deputation from state-run banks and India Post.

The bank is in the process of training postmen to carry out basic banking facilities such as opening bank accounts and conducting transactions on the mobile phone. Besides assisting customers, the postmen will also teach them how to perform transactions on their own. They will receive monetary incentives for both assisted and eventually self-service transactions.

Customers will be able to access a range of services including net banking, National Electronic Funds Transfer (NEFT), Real-time Gross Settlement (RTGS) and Immediate Payment Service (IMPS). They will be able to pay utility bills, invest in mutual funds and buy insurance products on the app.

The gramin dak sevaks and postmen will be trained by banking institutions. An internal survey by the department showed that between 70% and 80% of postmen use smartphones for personal use and are active on social networking sites and should be able to use the app with ease, Nanda said.

At present, the post office accepts payments of around Rs46,000 crore in cash every year. With the entire network moving towards accepting digital payments, a significant portion of this amount could be handled by the banking network, an indication of the potential available for business.

IPPB is 100% owned by India Post; it received a payments bank license from RBI in January 2017 and has begun operations on a pilot basis in Jharkhand and Chhattisgarh.

India has three other operational payment banks—Airtel Payments Bank, Paytm Payments Bank and Fino Payments Bank.

“India Post does have the largest reach in the rural parts of the country and the idea of financial inclusion through postmen seems very promising,” said Ashish Aggarwal, a consultant at the National Institute of Public Finance and Policy. “However, the execution has to be well done to have mass impact. The postmen need to be well-trained and equipped as even basic banking involves much more than delivering courier (packages) and letters,” he added.

FAQs on deputation of DoP staff to IPPB

Directorate has already called for applications from IPs/ASPs to work in IPPB.  It is learnt that only 40 IPs/ASPs have given the willingness to work on deputation in IPPB. There is very good pay scale and allowances applicable to the new entrant. Deputation will be minimum 3 years. The date for online filling up of the form is extended to 15/1/2017. Youngster may please avail this opportunity and get the chance to work in Bank as Manager. The payment structure of the salary would be as under: 

Recently Directorate has issued FAQ on deputation to DoP staff to IPPB. 

To view the same, please CLICK HERE. 

Circle wise shortage of IP/ASPs as on 22/12/2017 are as under :

Sl. No.	Name of Circle	IP/ASP shortage	Sl. No.	Name of Circle	IP/ASP shortage
1	Andhra	34	13	Madhya Pradesh	55
2	Assam	6	14	Maharashtra	93
3	Bihar	63	15	North East	9
4	Chhattisgarh	16	16	Punjab	16
5	Delhi	8	17	Odisha	21
6	Gujarat	86	18	Rajasthan	34
7	Haryana	10	19	Tamil Nadu	84
8	Himachal Pradesh	18	20	Telangana	35
9	J & K	16	21	Uttar Pradesh	38
10	Jharkhand	11	22	Uttarakhand	15
11	Karnataka	39	23	West Bengal	49
12	Kerala	17		Total	763

All 650 branches of IPPB to be launched by April

NEW DELHI, January 3 (PTI): The government expects to roll out all 650 branches of India Post Payments Bank (IPPB) by April, 2018, Parliament was informed today.

In a written reply to Lok Sabha, Minister of State for Communication Manoj Sinha said IPPB has launched 2 pilot branches on January 30, 2017 at Raipur (Chhattisgarh) and Ranchi (Jharkhand) in 2016-17.

However, no branch was rolled out in the current financial year, Sinha said.

RBI granted licence to IPPB on January 20, 2017 to carry out payments bank activities.

The minister said IPPB aims to have a pan-India reach and subject to feasibility, all post offices (approximately 1.55 lakh) across the country will progressively become its access points to provide banking products and services as per RBI guidelines on payments bank.

In reply to a separate question on IPPB, Sinha said the payments bank proposes to tie up with banking and other financial institutions and expressions of interest for tie-ups have been received.

Also, preliminary discussions are on in this regard.

“IPPB has entered into an MoU with Punjab National Bank (PNB) and PNB MetLife India Insurance Company Ltd,” Sinha said.

IPPB was incorporated on August 17, 2016 under Companies Act, 2013 as a public limited company with 100 per cent Government of India equity under Department of Posts, he said.

Notification regarding deputation/foreign service of regular employees of DoP and engagement of GDS to IPPB

This is about deputation of 500 regular employees and 650 GDS to IPPB. 

The schedule of application is as below

The important dates are as follows: Activities	Dates
On-line registration including Edit/ Modification of Application by candidates	December 15, 2017 to January 05, 2018
Online Payment of Application Fees	December 15, 2017 to January 05, 2018
Download of Admit cards for online examination	January 12, 2018
Date of Online Examination (tentative)	January 20, 2018 – for Manager (Area Sales) and for Asst Manager (Area Operations) January 21, 2018 – for Territory Officer

CLICK HERE for registration . 

India Posts Payments Bank services are expected to be available across the country by April

NEW DELHI: India Posts Payments Bank services are expected to be available across the country by April, Communications Minister Manoj Sinha today said. 

"(India Posts) Payments Bank branches will be opened across 650 districts by around April. All these branches will be linked to rural post offices. This will be largest banking network in the country," Sinha said on the sidelines of the launch of Deen Dayal SPARSH scholarship scheme

The IPPB branches are operational in Raipur and Ranchi. It will use post offices for its operations. There are 1.55 lakh post offices in the country. 

In the private space, Airtel Payments Bank, launched in January this year, started operations with a network of 2.5 lakh merchants. Chinese internet firm Alibaba controlled Paytm also started payments bank operations this year. 

Payments banks can accept deposits of up to Rs 1 lakh per account from individuals and small businesses. 

The new model of banking allows mobile firms, supermarket chains and others to cater to banking requirements of individuals and small businesses.Payments banks are set up as differentiated banks and will confine to accepting demand deposits, remittance services, Internet banking and other specified services. 

IPPB offers an interest rate of 4.5 per cent on deposits up to Rs 25,000; 5 per cent on Rs 25,000-50,000 and 5.5 per cent on Rs 50,000-1,00,000.

All 1.55 lakh post offices to offer payments bank service

NEW DELHI: India Post Payments Bank is gearing up to provide its financial services through all of 1.55 lakh post offices and 3 lakh employees by the end of 2018 -- which will create India's second-largest payments bank in terms of reach. 

"We will have post bank footprint in every district by March 2018, and before the end of the calendar year, all 1.55 lakh post offices and every postman and grameen dak sevak, which is another 3 lakh, will be equipped with a device which will provide full range of payment solutions that we will be hosting," India Post Payments Bank (IPPB) Chief Executive Officer A P Singh said at an event organised by United Nations on Financial Inclusion. 

In the private space, AirtelBSE -0.70 % Payments Bank, launched in January this year, started operations with a network of 2.5 lakh merchants. 

Payments banks can accept deposits of up to Rs 1 lakh per account from individuals and small businesses. 

The new model of banking allows mobile firms, supermarket chains and others to cater to banking requirements of individuals and small businesses. It will be set up as a differentiated bank and will confine its activities to acceptance of demand deposits, remittance services, Internet banking and other specified services. 

IPPB offers an interest rate of 4.5 per cent on deposits up to Rs 25,000, 5 per cent on Rs 25,000-50,000 and 5.5 per cent on Rs 50,000-1,00,000.

"While our private sector counterparts will, I take it very positively, skim the market from the top, you need someone who works bottoms up. That is our choice," Singh said. 

He said that similar to State Bank of IndiaBSE 0.20 % that was created to take banking to people, IPPB is going to take digital payments to masses. 

At the event, Telecom Regulatory Authority of India Chairman R S Sharma said transaction cost on digital payment should be very minimal and it should be made affordable. 

IPPB, according to Singh, will use Aadhaar as payment address of an individual, indicating that the postal bank may bring the transaction charge close to 1 paisa. 

"We will convert it (Aadhaar) into payment address. We will get this activated by offering a host of payment services," Singh said. 

"We have taken up the challenge on ourselves as to how we make a Rs 10 transaction viable. Aadhaar authentication cost less than 1 paisa. There is no reason why a payment transaction should be transacting anything more," Singh said. 

At present, private players and even public banks charge transaction fee even on digital payments, depending on the nature of the transaction. 

Source :  http://economictimes.indiatimes.com/

India Post Payment Bank to open in Bengaluru in June

South India’s first India Post Payment Bank (IPPB) will become functional in June on Museum Road in Bengaluru. It will be networked with 650 IPPB branches across the country.

The country’s first two branches of IPPB were opened in January, at Ranchi in Jharkhand and Raipur in Chhattisgarh.

The IPPB branches are to be established in different districts of the State by December 2017 in a phased manner. The aim is to have a branch in every district and make postmen come alive in payment bank function, according to Charles Lobo, chief postmaster general, Karnataka Circle, Bengaluru. The bank will not be involved in lending activities, unlike private or nationalised banks. It will primarily focus on products of financial inclusion and direct benefit transfer, Mr. Lobo said.

 

The IPPB will confine its activities to acceptance of demand deposits, remittance services, Internet banking and other specified services, primarily to cater to banking requirements of individuals and small businesses.

Passport Seva Kendras

Meanwhile, enthused by the success of a pilot project on utilising the post office as a Passport Seva Kendra in Mysuru, the Ministry of External Affairs has now decided to scale up this programme by opening such facilities in more head post offices in Karnataka.

To meet a long-standing demand of people, Passport Seva Kendras will become operational in head post offices in Belagavi, Davangere and Hassan in June. The MEA is also keen on opening seva kendras in other district post offices in the State where 1,000 sq.ft of space is available at the district post office, Mr. Lobo said. The MEA has proposed to open post office Passport Seva Kendras at 811 head post offices across the country by March 2018. As of now, the service is available in 42 post offices across India. Employees of Tata Consultancy Services (TCS) and India Post together provide service in these kendras.

At present, the people of these districts have to visit Bengaluru to submit their applications; and the offices are often overcrowded. Mr. Lobo said some senior officials of the passport office in Bengaluru would be deputed for a few days to train officials of the Postal Department on how to examine and process passport applications. The service centre will process, verify and send applications to the main passport office located in Bengaluru.

The Passport Seva Kendra at the post office in Metagalli, Mysuru, caters to the needs of Mysuru, Chamarajanagar, Kodagu and Mandya districts. Mysuru sees heavy international passenger traffic and is the second largest IT centre in the State.

Selection of Debit Card Vendor for India Post Payments Bank Limited

To view details, please CLICK HERE. 

Appointment of MD and CEO of IPPB

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STANDARD OPERATING PROCEDURE FOR CLAIM SETTLEMENT UNDER PMSBY / PMJJBY

PRADHAN MANTRI SURAKSHA BIMA YOJANA (PMSBY) CLAIM FORM 

This form is issued without admission of liability. It  must be completed and submitted to the post office where insured holds the savings account, preferably within 30 days of the accident resulting claim..

1	Name of Account Holder(Insured person)
2	Full Address of Account Holder (Insured person
3	Name and address of Post Office and SOL ID where account stands Savings Account Number:
4	Contact details of Account Holder (if available) (i) Mobile/Phone number (ii) Aadhar Number (iii) e mail ID
5	Details of nominee (in case of death of Account holder):- Name: Address: Mobile/Phone Number: E mail ID(if any) Aadhar Number (if any) Bank or Post Office Account Details Account Number Bank or Post Office name IFSC Code or SOL ID
6	Detail of Accident a) Day, Date and time of accident b) Place of accident c) Nature of accident d) Details of injury e) Cause of Death
7	Name , Address and contact details of Hospital/Attending Doctor
8	State where and when a Medical or other person from company can visit the insured
9	Documents to be submitted with claim:- a) In case of death:-Original FIR/Panchnama, Post Mortem report and Death Certificate b) In case of permanent disability: Original FIR/Panchanama and Disability Certificate from Civil Surgeon. Discharge Voucher

Declaration:-

I HEREBY DECLARE and warrant the truth of the foregoing particulars in every respect, and I agree that if I have made, or if shall make false or untrue statement, suppression or concealment, my right to compensation shall be absolutely forfeited. I also declare that I have not claimed the amount due under PMSBY cover on account of the above accident through any other cover under PMSBY

                                                                                                                                                          ______________________

Signature/Thumb Impression of Claimant/Nominee

Dated _______________________                        

For Office Use:

Policy Number__________________________                                  Claim No._________________________

Certified that the information relating to Post Office Savings Account and Nominee has been verified. Premium was debited from the Savings Account on____________________ .

______________________________

Signature of Authorized Official of Post Office

Designation Stamp

PRADHAN MANTRI SURAKSHA BIMA YOJANA (PMSBY) DISCHARGE VOUCHER

Claim No.: (to be filled by Post Office) ________________________________

Policy Number:-_______________________________

Name of Post Office____________________________________SOL ID_________________

Savings Account Number_______________________________________________________

Name of Account Holder_______________________________________________________

Date of submission of claim_____________________________________________________

In consideration of approval of my claim referred above, I/We, hereby accept from National Insurance Company (NIC) the sum of Rs.__________________________(approved net claim amount) in full and final settlement of my/our  claim arising out of _______________________

(accident or death) which occurred on___________________(date of loss) covered under Policy Number _____________________valid for the period from _______________ to________________.

I/We hereby voluntarily give discharge receipt to the Company in full and final settlement of all my/our claims present or future arising directly /indirectly in respect of the said loss/accident. I/We  hereby also subrogate all my/our rights and remedies to the Company in respect of the above loss/damages.

Revenue Stamp

__________________________

Signature or thumb Impression of Nominee/Account Holder

Full Name:

Address:

Account No. of Nominee:

Witness:

Full Name:

Address:

---------------------------------------------------------

Signature of Authorized Official

Designation Stamp.

STANDARD OPERATING PROCEDURE FOR CLAIM SETTLEMENT UNDER PMSBY

Following benefits are available under PMSBY:-

Sl.No.	Table of benefit	Sum Insured (In Rs.)
1	Death	2 lakh
2	Total and irrecoverable loss of both eyes or loss of use of both hands or feet or loss of sight of one eye and loss of use of hand or foot.	2 lakh
3	Total and irrecoverable loss of sight of one eye or loss of use of one hand or foot	1 lakh

The process followed will be as under:

Steps to be taken by the Nominee in case of death of depositor in accident:

1. Nominee should approach CBS Post Office where the depositor was having the ‘Savings Bank Account’ through which he / she was covered under PMSBY and collect Claim Form, and Discharge receipt, from the Post Office.

2.        Nominee to submit duly completed Claim Form, Discharge Receipt, along with the death certificate in original, FIR/Panchnama in original and Post Mortem Report.

3.      Nominee has to provide his/her own Post Office Savings Bank Account details (if opened in any CBS Post Office or Nominee will first open savings account) or bank Account details (if nominee is having savings account in any Nationalized Bank).

Steps to be taken by the Depositor in case of permanent disability in accident:

1. Depositor should approach CBS Post Office where the depositor was having the ‘Savings Bank Account’ through which he / she was covered under PMSBY and collect Claim Form, and Discharge receipt, from the Post Office.

2.      Depositor to submit duly completed Claim Form, Discharge Receipt, along with the permanent disability certificate in original by Civil Surgeon and  FIR/Panchnama in original.

Steps to be taken by the Post Office

1. Upon receipt of claim form and discharge  certificate alongwith documents mentioned above, the Post Office should check whether the cover for the said member was in-force on the date of his death, i.e., whether the premium for the said cover was deducted from account prior to the Member’s death.

2. Post Office to verify the Claim Form & the nominee details from the relevant Finacle menu through which enrolment was made and to fill in the relevant columns of the Claim form.
3. Post Office should ensure that following documents are attached with claim form:-

(i)                 Claim Form duly completed

(ii)               Death Certificate (in case of death)

(iii)              FIR/Panchnama in Original

(iv)             Post Mortem report (in case of death)

(v)                Permanent Disability Certificate issued by Civil Surgeon

(vi)              Discharge Certificate duly completed.

(vii)     Photocopy of cancelled cheque of the Nominee account (if it is a cheque account).

4.  Post Office user will enter relevant details in Finacle menu CCSPMY  

The screen shots of menu – CCSPMY

Criteria Page – CCSPMY (Claims and Settlements for PMY Policies)

In the criteria page of CCSPMY menu following functions are provided –

A – Add

M – Modify

V – Verify

I – Inquire

C – Cancel

5.         Post Office User has to select the function ADD. Then enter Account ID and select the scheme as PM Suraksha Bima. Click on GO. In case of permanent disability, user will change the option of Existing Disability Status as Yeas and fill details of disability in the relevant field. Following screen will appear:-

6. User has to enter Nominee Aadhar No. (if given), Nominee Address, Nominee Mail ID (if given), Nominee Mobile Number (if given), Nominee PAN No.(if given), Nominee Bank Account (either  POSB or any Bank Account), Nominee IFSC Code (if having account in Bank), Guardian name if Nominee is minor, Nominee Date of Birth (if nominee is minor), select Bank as DOP(if POSB Account) or others if other Bank Account.

7. User will click on validate and ensure that all mandatory fields are filled. It will submit documents to Supervisor.

8. Supervisor will select Function Code Verify and compare all the information filled in claim form and discharge voucher with the data filled by user. After, satisfaction, he will verify the claim. Upon verification, Claim Identification No. will be displayed by the system. This number should be noted on the top of the Claim Form and the claim register.

9. Claim Form duly filled and verified by CBS Post Office alongwith enclosures should be sent to Sr. Post Master Sansad Marg HO, New Delhi 110001 by service registered Letter. One RL should be sent even if more than one claim form is due to be sent on same day.

10. User will also maintain a claim register in which the claim shall be entered. This register has to be prepared manually by entering Date of entry of claim/Account ID/Name of Account Holder/Date of Death/Name of Nominee/Claim Identification No. (generated by system)/ Date on which claim Form sent to Sansad Marg HO/Registered Letter receipt to be pasted against claims sent on a particular date.

11. Sansad Marg HO, on receipt of claim form will enter the claim in the register to be maintained manually and designated PA of this HO will intimate System Manager for extraction of the data from Finacle for the said claim. Data extraction file will be sent to NIC by Sansad Marg HO and all the claim forms received will be sent by service Registered Parcel to the designated branch of NIC.

12. NIC, after sanctioning of the claim will push credit of the claimed amount into Bank Account of the depositor or nominee as the case may be if account stands at any Bank or Credit the funds to Sansad Marg HO Bank Account No._________________ IFSC Code_______________________

If depositor or nominee account is in any CBS Post Office. NIC will provide data file in the format of HTTUM to Sansad Marg HO. Sansad Marg HO will upload the HTTUM file in Finacle provided that funds are already received and account for the money in SB Deposit and Remittance to Bank (against credit entry received from NIC).

13. Sansad Marg HO will make entry of date of credit against the claims in the register and send intimation to the relevant CBS Post Office about the credit.

14. Relevant CBS Post Office will make entry of date of credit in its register and inform the claimant over phone about the credit. No accounting entry is to be made in any other CBS Post Office.