Register Should be Maintained for depositing current legal tender notes from 29.11.2016

The counter PA should maintain a separate register for entering details of such deposit transactions.The proforma of the register is as follows:-

S.No.

Date

Name of the Account Holder

SB Account Number

Amount Deposited through current legal tender notes

Deno. of legal tender notes

Counter PA Sign.

PM/SPM/ Counter Supervisor Signature

Date and amount of withdrawal, if any

4. The depositors who are depositing current legal tender notes on or after 29.11.2016 should write the denomination of currency notes on the pay in slip.

Rs.10000 Advance in the form of Cash Payout to Central Government employees on 23.11.2016

Rs.10000 Advance in the form of Cash Payout to Central Government employees on 23.11.2016

Central Government employees up to Group 'C' including equivalent levels in the Defence and Para Military Forces, Railways and Central Public Sector Enterprises will be given an option to draw salary advance up to Rs. 10,000/- in cash. This amount will be adjusted in their salary for November, 2016. It is expected that this decision will ease the pressure on the banks.

Press Information Bureau 

Government of India

Ministry of Finance

17-November-2016 15:52 IST

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The Central Government takes several decisions to facilitate farmers, small traders, Group ‘C’ Employees of Central Government including equivalent levels in the Defence and Para Military Forces, Railways and Central Public Sector Enterprises in the aftermath of the cancellation of the legal tender character of the old Rs. 500 and Rs. 1000 notes; Also decides to reduce the limit of exchange of old Rs. 500/- and Rs. 1000/- notes across the counter in banks from Rs. 4500/- to Rs. 2000/-with effect from 18th November, 2016.

In the aftermath of the cancellation of the legal tender character of the old Rs. 500 and Rs. 1000 notes, the Government of India has been receiving several suggestions including those from the State Governments. The Government has considered various suggestions and the following decisions relating to certain operational aspects of this scheme have been taken:

i. We are now at the beginning of the Rabi season. The farmers need various inputs for their agricultural activities. While the Government is keen on promoting payment through the banking or digital system, it is felt necessary to make some quantum of cash available with farmers to meet various expenses in connection with agricultural operations. It has, therefore, been decided that farmers would be permitted to draw upto Rs. 25000/- per week in cash from their KYC compliant accounts only. These cash withdrawals would be subject to the normal loan limits and conditions. This facility will also apply to the Kisan Credit Cards (KCC).

ii. Farmers are currently selling their produce from the Kharif season in the APMC markets/mandis. The farmers who receive such payments in their bank accounts through cheque/ RTGS will be permitted to draw up to Rs. 25000/- per week in cash. These accounts will have to be KYC compliant. This facility will enable the farmers to meet their various expenses connected with agriculture. This will also infuse lot of liquidity into the rural sector.

iii. Traders registered with APMC markets/mandis will be permitted to draw up to Rs. 50,000/- per week in cash from their KYC compliant accounts as in the case of business entities. This will enable these traders to pay wages and facilitate easy loading, unloading and other activities at the mandis.

iv. For payment of crop insurance premium, States fix time limits depending on their local requirements and conditions. Consequently, the last date for payment expires on different dates. It has now been decided to extend the last date for payment of crop insurance premium by 15 days.

v. While encouraging families to incur wedding expenses through cheques or digital means, it has been decided to permit families celebrating weddings to draw up to Rs. 2,50,000/- in cash from their own bank accounts. These accounts have to be necessarily KYC compliant. The amounts can be drawn only by either of the parents or the person getting married. Only one of them will be permitted to draw this amount. This limit of Rs. 2,50,000/- will apply separately to the girl’s family and the boy’s family. The person drawing such amount has to furnish the PAN details. Further, a self-declaration will have to be submitted by the person to the effect that only one person from his/her family is drawing the amount. It is expected that members of the public will fully cooperate to ensure that the above guidelines are adhered to. Any misuse of this facility will invite appropriate action based on the self-declaration and other details.

vi. At present, over the counter exchange of old Rs. 500/- and Rs. 1000/- notes is limited up to maximum of Rs. 4500/- per person. Reports have been received that the same persons are going back to the counter again and again, thereby cornering the facility and depriving many other people from exchanging old notes.

There are also reports of organized groups indulging in such practices to convert their black money into white. It is now expected and desirable that people put their old notes into their bank accounts. However, for convenience of the people who may be on temporary visit either for work or otherwise, it has been decided to reduce this limit of exchange of old Rs. 500/- and Rs. 1000/- notes across the counter in banks from Rs. 4500/- to Rs. 2000/-. This facility will be available only once per person. The reduced limit of Rs. 2000/- will take effect from 18th November, 2016.

vii. Central Government employees up to Group 'C' including equivalent levels in the Defence and Para Military Forces, Railways and Central Public Sector Enterprises will be given an option to draw salary advance up to Rs. 10,000/- in cash. This amount will be adjusted in their salary for November, 2016. It is expected that this decision will ease the pressure on the banks.

Source: PIB

Opening of Head Post Offices (HOs) on 13.11.2016 (Sunday) for the exchange of Withdrawn Old Series (WOS) bank notes and for opening SB Counters

No. 24-01/2016-PO

Government of India

Ministry of Communications

Department of Posts

(PO Division)

Dak Bhawan, Sansad Marg

New Delhi-110 001

Dated: 11.11.2016

To

All Chief Postmasters General

All Postmasters General

Subject: Regarding opening of Head Post Offices (HOs) on 13.11.2016 (Sunday) for the exchange of Withdrawn Old Series (WOS) bank notes and for opening SB Counters. The competent authority has ordered that all the Head Post Offices across the country will remain open on 13.11.2016 (Sunday) for exchange of Withdrawn Old Series (WOS) of bank notes in denominations of Rs. 500/- and Rs. 1000/- with new currency/ prevalent notes, and for opening SB Counters. 

2. The Head Post Offices should arrange for drawal of sufficient cash from the linked Banks in advance. The purpose of keeping the Post Offices open on 13.11.2016 is specifically for exchange of WOS notes with the new/prevalent ones and opening SB counters and not for other operations. Sufficient number of counters should be operationalized to avoid any kind of inconvenience to the public. The information about availability of cash for exchange purpose may be displayed on the notice board of respective Post Offices well in advance. This may also be widely published through the press. Requirement of staff shall be as per local assessment.

3. A compliance report in this regard may be sent to this Directorate by 1100 hrs of 15.11.2016 on email id po@indiapost.gov.in

Sd-

(M. S. Rana)

ADG (PO)

National Union Meeting with Secretary,DoP,Sri.B.V.Sudhakar

           National Union Meeting with Secretary,DoP,Sri.B.V.Sudhakar 

Memorandum submitted to Secretary India post by Shri D.kishenrao,GS NUPE Gr-C along with Rajat Das-president, Shivakumar-cs Bangalore,Sivaji- CS AP,Lakshminarayana CS GDS AP,L.krishnaprasad-RR Visakhapatnam and submitted representations regarding GDS compassionate appointment,GDS Rule-3 transfer,NUGDS trade union facilities,dettachment of GDS MC/MD duties to BPM,and discussed about allowances of departmental employees.A detailed memorandum submitted to Secretary for recommending Govt.of India regarding GDS pay committee recommendations 

Irregularities found in the question papers of Inspector Post Examination 2016