Welcome to the official blog of AIPSA. This blog is meant for use by members of All India Postal Stenographers' Association for news and views. Send comments/suggestions/views to e-mail: parambilmohan@gmail.com

Friday, December 22, 2017

Allocation of Postal Circle as PA /SA on the basis of Combined Higher Secondary Level Examination, 2015 conducted by SSC

Submission of Immovable Property Return as on 31-12-2017 by 31-01-2018


In terms of Rule 18 of CCS (Conduct) Rules, 1964, the Immovable Property Return as on 31-12-2017 is to be submitted by 31-01-2018.

32nd All India Postal Cultural Meet inaugurated on 20.12.2017 in KIIT University campus by His Excellency Dr. S C Jamir, Hon'ble Governor, Odisha









Video message of Secretary (Posts) and MD & CEO of IPPB on deputation from DoP to IPPB.

Link of these videos are also available on Indiapost website in IPPB tab , Work with IPPB and then the current openings.

1. Message of Sh. A. N. Nanda, Secretary (Posts) - In English (https://www.youtube.com/watch?v=q0lVLIh7d5Q)

 2. Message of Sh. A. N. Nanda, Secretary (Posts) - In Hindi (https://www.youtube.com/watch?v=9l8pzrH5Urs

 3. Message of Sh. Suresh Sethi, MD & CEO (IPPB) - In English​ (https://www.youtube.com/watch?v=HEcx-1TNk-c)

 4. Message of Sh. Suresh Sethi, MD & CEO (IPPB) - In Hindi (https://www.youtube.com/watch?v=hqjZyGvasQ4

PPF Accounts to be closed, interest lowered to 4 per cent if you become an NRI - Gazette Notification

Non Resident Indians are continually looking for investment opportunities in India. A few weeks ago, we blogged about “NRIs for real estate investment in India – Know the simple Rules” The Government of Indian recently announced new rules under which select small savings schemes like Public Provident Fund (PPF) and National Saving Certificates (NSC)will not earn you the same rate if you become non-resident Indians (NRI).
A summary of changes to rules and what it means to NRIs:
NRIs will no longer be permitted invest in small savings schemes like NSC and PPF. In the past they were allowed to retain their PPF account if they had opened it before becoming an NRI.

PPF and NSC currently fetch an interest rate higher than bank savings rates. Some of it is subsidized by the Government of India. (Current rate of PPF is 7.8 per cent while Post Office savings account get 4 %)

PPF accounts would be deemed to be closed prior to maturity in case the holder becomes a non-resident Indian (NRI). The investor will be then paid interest at the rate applicable to Post Office savings accounts till the date the PPF account is closed.

The Indian government notification on PPF dated October 3 states,
“Provided that if a resident who opened an account under this scheme, subsequently becomes a non-resident during the currency of the maturity period, the account shall be deemed to be closed with effect from the day he becomes a non-resident and interest with effect from that date shall be paid at the rate applicable to the Post Office Saving Account up to the last day of the month preceding the month in which the account is actually closed.”

The finance ministry notification adds:
“Provided that if a resident Indian having purchased a certificate, subsequently becomes Non-Resident during the currency of the maturity period, the certificate shall be encashed or deemed to be encashed on the day he becomes a non-Resident, and interest shall be paid at the rate applicable to the Post Office Savings Account, from time to time, from such day and up to the last day of the month preceding the month in which it is actually encashed.”