Saturday, June 4, 2011
Extension of PPF Scheme up to Post Offices with sanctioned strength of 2+1 (‘A’ class post office) w.e.f 1.7.2011
SB ORDER NO. 7/2011
F.No.32-01/2011-SB
Government of India
Ministry of Communications & IT
Department of Posts
Dak Bhawan, Sansad Marg,
New Delhi-110001, Dated: 25.05.2011
To
All Heads of Circles/Regions
Addl. Director General, APS, New Delhi
Subject: - Extension of PPF Scheme up to Post Offices with sanctioned strength of 2+1 (‘A’ class post office) w.e.f 1.7.2011.
Sir / Madam,
The undersigned is directed to say that PPF Scheme was introduced by the Government through PPF Act 1968 and was initially made operational through designated bank branches. The Scheme was introduced up to Head Post Level w.e.f 1.1.1979 and further extended up to LSG Post Offices w.e.f 1.7.1988. A review has been undertaken in this office to expand its operations to other Post Offices and it has been decided to expand the operation of this scheme up to ‘A’ class post offices i.e where one SPM and 2 PAs are sanctioned
2. The scheme will be made operational in such post offices w.e.f 1.7.2011. It is pertinent to mention that the scheme is a centralized one under which second set of data is to be maintained in SBSO at HPOs like savings account and all functions like Opening of account, registration of nomination, Interest Calculation, Sanction of Loan, Sanction of Withdrawal, Closure Sanction etc. are to be done at HPO level.
3. It is requested to circulate this letter to all Head Post Offices and ‘A’ Class post offices along with sufficient copies of all related forms/ledgers so that no one can find it difficult to make the scheme operational. It may also be ensured that working strength of such post offices may not become single handed at any point of time. Copy of PPF Rules framed by Min. of Finance under PPF Act 1968 and PPF operative rules given in POSB Manual Vol-I are enclosed for circulation to such post offices.
This issues with the approval of Secretary Posts.
Yours faithfully,
(Kawal Jit Singh)
Assistant Director (SB)
Payment of deposits/certificates belong to minors- a clarification regarding.
SB ORDER NO. 8/2011
F.No.113-01/2011-SB
Government of India
Ministry of Communications & IT
Department of Posts
Dak Bhawan, Sansad Marg,
New Delhi-110001, Dated: 25.05.2011
To
All Heads of Circles/Regions
Addl. Director General, APS, New Delhi
Subject: - Payment of deposits/certificates belong to minors- a clarification regarding.
Sir / Madam,
The undersigned is directed to say that this office is in receipt of complaints regarding insistence of issuing cheques of maturity/premature value of deposits/certificates in the name of minors instead of guardians by some post offices when at the time of payment, the minor not attained majority causing hardship to the depositors/certificate holders.
2. This issue has been examined in detail in this office and based on the provisions made in Section 10 of the Government Savings Bank Act 1873 and Section 5 of the Government Savings Certificate Act 1959, following clarification is being issued:-
In case of accounts:-
Payment of deposits to minor or guardian:-
(a) In case of Minor Account opened by guardian on behalf of minor where at the time of payment minor not attained majority, all payments should be made to the guardian after taking prescribed certificate. In case, minor attained majority before date of payment, prescribed procedure for conversion of account from the name of guardian to the name of minor who attained majority should be followed and payment should not be made to the guardian.
(ii) In case of individual accounts opened by minors of the age of 10 years or above in Savings/RD/TD or MIS schemes, all payments should be made to the minor himself who made the deposits irrespective of minor attained majority or not.
In case of certificates:-
Payment of certificates to minor or guardian:-
(i) In case of certificates purchased by guardian on behalf of minor, where at the time of payment, minor not attained majority, all payments should be made to the guardian after taking prescribed certificate. In case, minor attained majority before date of payment, prescribed procedure for conversion of certificate from the name of guardian to the name of minor who attained majority should be followed and payment should not be made to the guardian.
(ii) In case of certificates applied by minor and issued in the name of minor, all payments should be made to the minor himself who applied for issue of certificates irrespective of minor attained majority or not.
3. It is requested to bring this clarification to the notice all post offices for strict compliance.
4. This issues with the approval of DDG(FS).
Yours faithfully,
(Kawal Jit Singh)
Assistant Director (SB)
Proposals for relaxation in Recruitment Rules:
No. AB. 14017 / 48 / 2010 - Estt. ( RR )
Government of India
Ministry of Personnel, Public Grievances and Pensions
Department of Personnel and Training
Office Memorandum
Subject: - Proposals for relaxation
This Department has been receiving a number of proposals seeking relaxation in Recruitment Rules. It has been noticed that in a number of cases the proposals are not referred through a self-contained note leading to confusion / ambiguity.
2. It is requested that the proposal for relaxation should consist of a self contained note indicating the name of officers, batch, period of relaxation / shortfall, and justification for the same duly approved by competent authority. Reference to DOPT should be made at the level of Joint Secretary. The signed and issued copy of Seniority List of the grades and dully filled in Annexure IV in prescribe proforma may also be furnished with the proposal.
3. It is also requested that in addition to sending the hard copy of proposals. The proposals of relaxation may also be sent by email at usrr@.nic.in for the level of Senior Administrative Grade and above.
4. Hindi version will follow.
(SMITA KUMAR)
Director(E-I)
Tel. 2309 2479
No Tax Return upto 5 lakhs
'People earning up to Rs 5 lakh need not file IT return'
"No income-tax returns would be required for salaried persons earning up to Rs 5 lakh per annum. We would notify this in first week of June," outgoing Chairman of Central Board of Direct Taxes Sudhir Chandra told reporters here.
The scheme would be applicable from assessment year 2011-12 onwards.
This means that the salaried persons eligible under the scheme would not have to file returns for the financial year 2010-11 in 2011-12 (assessment year).
However, such tax payers would have to file return if they want to claim refunds, Chandra said.
Source :PTI
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