Welcome to the official blog of AIPSA. This blog is meant for use by members of All India Postal Stenographers' Association******E-mail: parambilmohan@gmail.com
================ Blog maintained by : P. Radhamohan Nair, Private Secretary to Post Master General, (Retired) Northern Region, Calicut, Kerala Circle=================

Friday, September 14, 2018

Postal Dept to set up insurance company in 2 years: Manoj Sinha

New Delhi: The Department of Posts is working to set up an insurance company after launching of a payments bank and the parcel directorate, Communications Minister Manoj Sinha said. "Departments of Posts is now reincarnating itself. After diversifying its business with parcel directorate and payments bank, the department has decided to set up insurance firm as a special business unit in two years," Sinha told PTI. "The request for proposal to appoint a consultant for setting up insurance unit will be floated in the coming week," Sinha said.

Prime Minister Narendra Modi launched India Post Payments Bank (IPPB) on September 1 that aims to take banking to the doorstep of every citizen by arming three lakh postmen and 'Grameen Dak Sewaks' with digital aids to deliver financial services. IPPB, which will be available through 650 branches and 3,250 access points immediately, scaled to all 1.55 lakh post offices by December 2018, is like any other bank but with a smaller scale of operations and without involving any credit risk.

The freshly-minted payments bank will accept deposits of up to Rs 1 lakh, offer remittance services, mobile payments/transfers/ purchases and other banking services like ATM/debit cards, net banking and third-party fund transfers. However, it cannot offer loans directly, or issue credit cards. In April, DoP started parcel directorate which can independently take quick decision to push parcel and logistics business instead of following the long route of approval for even small steps like a change in parcel rates, bulk deal, special schemes etc. At present, the postal department offers one of the oldest life insurance schemes for benefit of government and semi-government employees-- Postal Life Insurance (PLI), which was introduced in 1884. Rural Postal Life Insurance (RPLI), introduced on March 24, 1995, provides insurance cover to people residing in rural areas, especially weaker sections and women living in rural areas. As on March 31, 2017, there were 46.8 lakh PLI and 146.8 lakh RPLI policies across the country. Sinha early this year also announced the opening of PLI for professionals as well which led to a surge in revenue of PLI by Rs 6 crore in four months. "Entire postal department is transforming now," Sinha noted. 

Promotion/Posting to Gr 'B' cadre - Central Region (Kochin) - Kerala Circle

Promotion/Posting to Gr 'B' cadre - Western Region (Coimbatote) - Tamilnadu Circle

Promotion / Posting of JTS Group A Cadre - Punjab Circle Order dtd 10.09.2018

Promotion / Transfer / Posting in PSS Gr B - West Bengal Circle

Promotion / Posting of Group B Cadre - New Delhi Circle Order dtd 11.09.2018

Promotion / Posting of Group B Cadre - Punjab Circle Order dtd 10.09.2018

Promotion / Allotment to Group B Cadre - Maharashtra Circle Order dtd 11/09/2018

Vijaya Bank Recruitment for 330 Assistant Manager Posts 2018

Vijaya Bank 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: Probationary Assistant Manager (Credit) in General Banking Stream

Total No. of Posts: 330 Posts

Educational Qualification: (from a University/ Institution/ Board recognized by Govt. of India/
approved by Govt. regulatory Bodies)
(1) A Degree (Graduation) in any discipline with minimum 60% marks.
(2) MBA/ PGDBM/ PGDM/ PGBM/ PGDBA – (with specialization in Finance) – through full time course from a reputed institution (two/three year programme) / Post-graduation degree in Commerce/ Science /Economics /Law (OR) Chartered Accountant (OR) ICWA (OR) Company Secretary.
(3) Minimum 60% marks at graduation level is for candidates applying under general/ unreserved category, candidates belonging to reserved category (SC/ST/OBC/PWD) applying for reserved vacancies (SC/ST/OBC/PWD) will be entitled to relaxation of 5% i.e. they should have minimum 55% marks at graduation level.

Age Limit: 21 to 30 years as on 1st August 2018

Pay Scale: JMGS-I ₹ 23700 - 980/7 - 30560 - 1145/2 - 32850 - 1310/7 – 42020

Application Fee: A Non-refundable fee made through online payment mode on or before 27th September 2018.

For SC / ST / PWD: Rs. 100/- (Intimation Charges Only)
For General and Others: Rs. 600/- (Application Fee + Intimation Charges)

Structure of Online Exam: (Composite Time – 120 Minutes)
Name of the Tests
Maximum Marks
English Language
General Awareness with special reference to Banking Industry
Financial Management

Selection Process: Candidates will be selected based on Online Examination and/or Personal Interview.

How to Apply: Interested Candidates may Apply Online Through official Website.

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Apply Online: Click Here

Important Dates:
Starting Date of Online Application: 12-09-2018
Last Date to Apply Online: 27-09-2018

Grant of Dearness Allowance to Central Government Employees - (DOP Order) Revised Rates effective from 01.07.2018