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

Thursday, September 06, 2018

Post Office Savings Accounts vs India Post Payments Bank account


On Saturday, Prime Minister Narendra Modi launched the India Post Payments Bank (IPPB). Aimed at bringing India's rural population into the country's formal financial system, IPPB will have 650 branches and 3250 Access Points across the nation.
All of India's 1.55 lakh post offices will be linked to the IPPB system by December 31, 2018, thereby enabling banking services in the remotest of areas.
But it is pertinent to note that post offices in India have already been offering savings account facilities. And, both a Post Office Savings Account (POSA) and an IPPB savings account offer 4 per cent interest on deposits, payable quarterly.

SO, HOW IS A SAVINGS ACCOUNT WITH A POST OFFICE DIFFERENT FROM OPENING A SAVINGS ACCOUNT WITH AN INDIA POST PAYMENTS BANK?

1
Zero balance savings accounts can be opened with IPPB. In case of Post Office Savings Account (POSA), a minimum deposit of Rs 20 is required to open an account. To open an account with cheque facility, Rs 500 is the minimum deposit required for a POSA.
2
Accounts holders do not need to maintain a minimum balance in savings accounts with IPPB. However, with POSA savings accounts, holders need to ensure minimum balance of Rs 50 per month (for accounts without cheque facility) and Rs 500 (for account with cheque facility).
3
There is no maximum balance limit with POSA saving accounts. However, under an IPPB basic savings, holders will not be able to keep more than Rs 1 lakh in their accounts. Any amount above that figure will be swept out into the linked POSA account.
4
IPPB comes with three types of savings account with different features: Regular, Digital and Basic.
5
POSA does not facilitate doorstep banking while this is the special feature with IPPB, although this comes with additional charges.

Indian Post Office Recruitment for Various Driver Posts 2018

Indian Post Office has published Advertisement for below mentioned Posts 2018. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below.


Posts: Driver

Job Location: Kerala

Educational Qualification:
Possession of a valid Driving Licence for light and heavy motor vehicles;
Knowledge of Motor mechanism (The candidate should be able to remove minor defects in a vehicle);
Experience of Driving Light and Heavy motor vehicle for at least three years
Pass in 10th Standard from a recognized Board or Institute.
Desirable Qualification: Three years’ services as Home Guard or Civil Volunteers

Age Limit: Minimum Age: 18 years, Maximum Age: 27 years

Pay Scale: As per 7th CPC

Selection Process: Candidates will be selected based on Driving Test & an interview.

How to Apply: Applicants send their hard copies of the signed application Filled along with photocopies of ID proof, Proof of Date of Birth, Educational Certificates (Mark-Sheets/Degree Certificate), Caste and attested copies of relevant documents should be sent to the following address (Address mentioned in official notification) by post. Envelope must be superscribed with “Application For The Post of …………….”

Address:
“Manager,
MMS Ernakulam,
O/O SRM RMS ‘EK’Division,
5th floor,
Ernakulam Head Postoffice Building,
Hospital Road, Kochi -682011.”


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Important Dates:
Last date for Submission of Application: 30.10.2018

Border Security Force (BSF) Recruitment for 139 Group ‘B’ Posts 2018

Border Security Force (BSF) has published Advertisement for below mentioned Posts 2018. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below.


Posts:
Sub Inspector: 103
Junior Engineer/ Sub Inspector/ Electrical: 36

Total No. of Posts: 139

Educational Qualification:
Sub Inspector: Applicants who have completed Diploma in Civil Engineering from an Institute recognized by the Central Government or State Government or equivalent from a recognized Institute.
Junior Engineer: Applicants who have completed a Diploma in Electrical Engineering from an Institute recognized by the Central Government Or State Government or equivalent from a recognized Institute.

Age Limit: Not exceed 30 years. Age relaxation as per Government rules.

Pay Scale: Pay Matric Level 6 ₹ 35400 – 112400/-

Application Fee: 
General/OBC Applicants: Rs.200/-
All Other Applicants (ST/SC/Ex-s/PWD): Nil

Examination Fee: Each application should be accompanied by a Demand Draft (DD) / Postal Order for ₹ 200/- as examination fee in favour of the addressee to whom the application is addressed, payable at respective SBI/Post Office at the location or nearby station. However, fee is exempted for all Women candidates and male candidates belonging to Scheduled Caste, Schedule Tribe, BSF Candidates & Ex-serviceman.

Selection Process: Candidates will be selected based on Written, Physical Standards Test & Interview.

How to Apply: Application in the prescribed format. The duly filled applications may be sent to any of the BSF addresses nearest to the candidate within 30 days from the date of publication of advertisement in the Employment news paper.

Last date: 30 days from the date of publication of the advertisement in Employment News Paper (i.e. Last date is 01/10/2018) and 45 days for candidates of far-flung areas (i.e. Last date is 15/10/2018).

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Important Dates:
Starting Date for Submission of Application: 31.08.2018
Last date for Submission of Application: 01.10.2018

Bank of Maharashtra Recruitment for 59 Specialist Officer Posts 2018

Bank of Maharashtra has published Advertisement for below mentioned Posts 2018. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below.


Posts:

  • Chartered Accountant/ Cost & Management Accountants in Scale - I: 50 Posts
    • Age Limit: 20 to 30 years
    • Pay Scale: Scale-I ₹ 23700 - 30560 - 1145 / 2-32850 - 1310/ 7-42020 (Subject to revision)
  • Economist Scale-II: 01 Post
    • Age Limit: 23 to 33 years
    • Pay Scale: Scale-II ₹ 31705 - 1145/ 1 - 32850 - 1310/ 10 - 45950 (Subject to revision)
  • Manager, Costing Scale-II: 01 Post
    • Age Limit: 23 to 33 years
    • Pay Scale: Scale-II ₹ 31705 - 1145/ 1 - 32850 - 1310/ 10 - 45950 (Subject to revision)
  • Economist Scale-IV: 01 Post
    • Age Limit: 28 to 40 years
    • Pay Scale: Scale-IV ₹ 50030 - 1460/ 4 - 55870 - 1650/ 2 - 59170 (Subject to revision)
  • Treasury Dealer (Domestic) Scale III / IV: 03 Posts
    • Age Limit: 23 to 40 years
    • Pay Scale: Scale-III ₹ 42020 - 1310 / 5 - 48570 - 1460/ 2 - 51490 (Subject to revision) / Scale-IV ₹ 50030 - 1460/ 4 - 55870 - 1650/ 2 - 59170 (Subject to revision)
  • Treasury Dealer (Forex) Scale III / IV: 03 Posts
    • Age Limit: 23 to 40 years
    • Pay Scale: Scale-III ₹ 42020 - 1310 / 5 - 48570 - 1460/ 2 - 51490 (Subject to revision) / Scale-IV ₹ 50030 - 1460/ 4 - 55870 - 1650/ 2 - 59170 (Subject to revision)

Total No. of Posts: 59

Educational Qualification: (as on 31/07/2018):
  • CA / Cost and Management Accountants: Graduation from recognised University with professional qualification of CA /Cost Management Accountants (ICWA).
  • Economist: Master's Degree in Economics with minimum 02 years post qualification experience.
  • Manager, Costing: ICWA / M.A. (Economics) with 02 years post qualification experience.
  • Economist: PhD in Economics with 06 years post qualification experience.
  • Treasury Dealer (Domestic): MBA / CA / CFA / ICWA with minimum 03 years experience.
  • Treasury Dealer (Forex): MBA / CA / CFA / ICWA with minimum 03 years experience.

Application Fee: (A Non-refundable)
  • For OBC / General: Rs. 600/- (Application Fee + Intimation Charges)
  • For SC / ST / PWD: Rs. 100/- (Intimation Charges Only)

How to Apply: Interested Candidates may Apply Online Through official Website. Applicants send their Hard Copies of the signed application (registered online) along with photocopies of ID proof, Proof of Date of Birth, Educational Certificates (Mark-Sheets/Degree Certificate), Caste and attested copies of relevant documents should be addressed to the following address (Address mention in official notification) by post so as to reach on or before 03.10.2018. Envelope must be super scribed with “APPLICATION FOR THE POST OF “…………….”

Address:
“The Asstt. General Manager (IR &HRD),
Bank of Maharashtra ‘Lokmangal” 1501,
Shivaji Nagar,
Pune – 411005.”

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Apply Online: Click Here

Important Dates:
Last Date to Apply Online: 23rd September 2018.

Central Government Employees Group Insurance Scheme 1980 - Tables of Benefits for the savings fund for the period from 1.7.2018 to 30.9.2018



To view please Click Here.

Here are some interesting facts on #IndiaPostPaymentsBank and how it will bring banking services to your doorstep with its 3 lakh+ Postmen and Gramin Dak Sevaks.


India Post Payments Bank replaces ATM/debit cards with QR cards. How to use them

The QR card you receive from India Post Payments Bank (IPPB) cannot be used in ATMs or as a debit card. However, you will still be able to withdraw cash as well as make transactions. Here’s how.

New Delhi: India Post Payments Bank (IPPB), which was launched on Saturday by Prime Minister Narendra Modi, does away with ATM cards and debit cards for both cash and cashless transactions. Instead, IPPB will issue new QR (Quick-Response) cards which work on biometric authentication and not on passwords or PINs.

At present, IPPB offers 3 types of savings accounts—regular, digital and basic—besides a current account. Although each one of them has different features yet none offers an ATM or debit card.
IPPB has already launched its app, which can be used for mobile banking and even for opening an Aadhaar-based account without visiting a post office. However, the mobile app is expected to be fully functional in the next few days.

What is a QR card
A QR card contains a QR code or barcode that is used to identify account holders. No two QR codes are the same. The code can be deciphered to identify the IPPB account holder through a smartphone or micro-ATMs, a hand-held device which will be used by postmen soon.

How to withdraw money using a QR card
Once the customer identification is done using the QR code, the postman or banking correspondent will conduct another verification using biometric data. Upon completion of the two-step verification process, the customer is paid in cash which is carried by the postman. The doorstep banking service, which will be particularly handy for those in rural areas, comes at a cost of Rs 25 per cash transaction.
Besides this, you can also use the QR card for money transfer, bill payment and cashless shopping.

Where to use the QR card
QR card transactions can be done through postmen, post offices or Grameen Dak Sevaks (GDS). IPPB is also bringing unorganised retail, including small merchants and kirana stores, on board. Once the system is in place, you can pay even at small stores using your QR card.

What are the advantages of having a QR card
Anyone have a physical copy of your ATM card and PIN will be able to withdraw cash from any ATM. Not so with a QR card. It doesn’t work at ATMs at all and even at post offices or with postmen and Grameen Dak Sevaks (GDS) you need biometrics. Therefore, there is an added layer of security for the money kept in your bank account.
It also saves you from the hassles of remembering PINs.
You don’t even need to remember your IPPB account number to use this QR card.

Source : https://www.livemint.com/

Provision of Outsource taxi service to RMS Division - DOP Order