Services offered by India Post Payments Bank

Services offered by India Post Payments Bank

India Post Pa​y​ments Bank​

Aapka bank, aapke dwaar

At India Post Payments Bank, we believe that a nation can grow only when its people prosper together. With financial inclusion, trustworthy banking advice and reliable services at the heart of our philosophy, we envision a future full of promises and possibilities. Even a little saving can go a long way if channelized correctly. That’s why, at IPPB, we aim to ensure equal financial access to every Indian, regardless of who they are and where they live. Here is a glimpse of what IPPB offers.

Banking Services for Everybody​​

Domestic Remittance Services​​

Direct benefit Transfer​​

Doorstep Banking​​

​​Banking Services for Everybody:

IPPB offers 3 distinct accounts, tailored to suit the requirements of people everywhere.

Regular Account – Safal
Basic Savings Bank Deposit Account (BSBDA) - Sugam
BSBDA Small - Saral​

While the Safal Account is packed with features, the Saral account is aimed at people with limited banking experience. ​

Click for more details​

The following services are availables across the different accounts.

Domestic Remittance Services:

IPPB will provide an inexpensive and secure medium to transfer funds via its domestic remittance offering. All customers of IPPB would be eligible to avail a host of different modes of domestic remittance subject to the stipulated constraints – NEFT, IMPS, AEPS, UPI and *99#

Click for more details

​​Direct Benefit Transfer (DBT):

DBT program aims to transfer subsidies directly to the people through their bank accounts, which will in turn reduce leakages, delays and other similar challenges.

Funds from the disbursing agency are automatically credited into the beneficiary accounts through NACH/APBS instead of cash disbursal. IPPB will provide cash out of the subsidies at the customer's doorstep by combining this service with Doorstep Banking.

Doorstep Banking:

We look forward to extending our relationship with banking at your doorstep. Doorstep banking allows a customer for a nominal fee to request and avail banking and related services at their door. The services currently offered are as follows:

1.      Cash deposit

2.     Cash withdrawal

3.     Balance enquiry

4.     Aadhaar to Aadhaar funds transfer

With “Aapka bank, aapke dwaar”, what you see is what you get.

NPS COMMITTEE - HOPES OF YOUNGER GENERATION SHATTERED

E-PAYMENTS IN GOVERNMENT OFFICES

CLICK HERE FOR DETAILS ENGLISH  HINDHI

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Monday, February 6, 2017

MODI GOVT'S SURGICAL STRIKE ON RAILWAYS AND DEFENCE EMPLOYEES

The BJP- led NDA Government has intensified it's policy attack on Railways and Defence establishments and employees.

ATTACK ON RAILWAYS.

After the Narendra Modi Government coming to power 100% Foreign Direct Investment (FDI) is allowed in Railways. A committee headed by Sri Bibek Deb Roy , Member , NITI Ayog  (National Institute for Transformation of India Ayog) was appointed for restructuring of Railways. The committee recommended complete privatisation of Railways. AIRF in its resolution adopted in the 92nd Annual Conference held at Allahabad from 8th to 10th December 2016, stated as follows:

"NDA Government assumed power on 26th May 2014. The General Body meeting of AIRF held on 3rd and 4th July 2016 at Chennai, decided to defer the strike decision to provide time to the new Government to settle and resolve grievances. But the same Government by a notification dated 22nd August 2014, decided to induct 100% FDI in Indian Railways, Defence establishments etc.  The Government appointed a high level Railway Restructuring Committee, on 22nd September 2014, headed by Sri Bibek Deb Roy, for restructuring Railways. The same committee had drawn a road map for privatisation and went ahead gradually, despite all out protest by AIRF. "

The merger of the Railway Budget with the General Budget was one of the key recommendations on Bibek Deb Roy committee, as an important step towards privatisation of Railways. Government has implemented the decision from this year onwards, on top priority basis. It is also reported in the media that Government has decided to privatise heritage and tourist Railways like Kalka - Shimla, Siliguri - Darjeeling and Nilgiri (Ootty) railways. BIBEK DEB ROY COMMITTEE RECOMMENDATIONS ARE THE BEGIN ING OF THE END OF THE GOVT OWNED INDIAN RAILWAYS.

To add insult to injury, the Railway Board has issued orders curtailing the basic trade union rights of Railway employees. AIRF circular issued on 2nd February 2017 reads as follows: 

"In continuation of our earlier letter of even no. dated 1^st February 2017, you are advised to observe "Black Day" on 6th February 2017 wearing black badges/ribbons, right from branch to zonal levels, at all important offices of your Railway administrations, DEMANDING WITHDRAWAL OF RAILWAY BOARD'S LETTER DATED 31.01.2017, WHEREIN THE BOARD HAVE DECIDED TO DEBAR SUPERVISORS (IN ERSTWHILE GRADE PAY OF 4200) WORKING IN SAFETY CATEGORIES FROM TRADE UNION".

AIRF statement also said that the order is in violation of 87^th ILO Convention and Indian Trade Union Act.

Railway order says that those supervisors working in safety categories cannot become office bearers of unions/Associations/Federations, but can only remain as members with effect from 01.04.2017.

The above is the present situation in Indian Railways and all the Railway unions/Associations/Federations are conducting various protest programmes (other than strike as dominant organisations are yet to take such a decision) against the policy offensives of the NDA Govt. Recently on 1st &  2nd February 2017, Dakshin Railway Employees Union (DREU) , All India Loco Running Staff Association (AILRSA), All India Station Masters Association (AISMA) , All India Guard Council , Indian Railway Technical Supervisors Association etc. (other than AIRF and NFIR) had organised a massive National Convention and also Parliament March at New Delhi , demanding no privatisation and modifications in the 7th CPC recommendations.

ATTACK ON DEFENCE SECTOR

The situation in Defence sector is also not different. All India Defence Employees Federation (AIDEF) in its circular dated 04.02.2017, has conveyed the following developments to its rank and file:

"The ordnance factories are under severe attack due to the policies being adopted by the BJP - led NDA Government. Instead of developing and strengthening the ordnance factories, the Govt. is disowning the same and is planning fully to proceed to weaken the ordnance factories. Licences are being given to private companies for defence manufacturing including for those products which are being manufactured in the ordnance factories."

In a meeting of Senior Officers held on 5^th January 2017, the Secretary, Ministry of Defence made the following comments – 

"You have to reduce the cost, otherwise you will not get workload in future, you have to compete with the private sector for getting workload. Two years is the period for ordnance factories."

Recently Sri Manohar Parikar, Defence Minister , who visited AFK Pune , in the meeting held with unions has stated that ---" Factories which are manufacturing clothing and leather items are not required in the Government. These items can easily be procured from private sector."

The proposal of corporatisation (which is a step towards privatisation)   is also under consideration with Prime Minister's Office (PMO). Govt has constituted another committee to identify low technology/noncore items. It is seen from the press reports that a committee constituted by Defence Minister under the chairmanship of one retired IIM Professor has recommended for creation of a new independent organisation outside the Ministry of Defence to undertake defence procurement. It is understood that a new organisation tentatively called the"DEFENCE ACQUISITION AUTHORITY" will be fully responsible for the entire process of acquisition.

All these policy decisions of the Government will have serious impact on the existence of ordnance factories and on the job security of defence civilian employees. AIDEF has decided to convene a meeting of ordnance factory unions to take a serious stock of the situation and formulate an action plan to fight back.

THIS GOVT WILL UNDERSTAND THE LANGUAGE OF STRIKE ONLY. CONFEDERATION IS ON THE RIGHT PATH.

Confederation of Central Government Employees & Workers, representing about thirteen lakhs Central Government Employees, which always stood in the forefront of the struggle against neo-liberal reforms and anti-people, anti -worker policies of the Govt. and also which conducted series of agitational programmes including strikes against the policy offensives of the Government, extends full support and solidarity to the Railway and Defence employees in their struggle for existence.

Confederation calls upon the entire Central Govt. employees to make the 16th March 2017 one day strike a thundering success. Let us be ready for an indefinite strike, if situation warrants.

M. KRISHNAN
Secretary General ,  Confederation of Central Govt 
Employees & Workers 
Mob& WhatsApp : 09447068125 
Email : mkrishnan6854@gmail.com

08th MARCH 2017 -- OBSERVE INTERNATIONAL WOMEN'S DAY 2017 IN A BEFITTING MANNER. -- TOPIC "WOMEN'S EMPLOYMENT AND EMPOWERMENT".

The topic for International Women's Day this year has been decided as "Women's Employment and Empowerment."

The country is witnessing one of its lowest work participation rate of women. With the continuing agrarian crisis and now the reverse migration due to industrial slow down after demonitisation , even those women who were earlier employed are forced to go for poorly paid work for subsistence. The demand for decent work and decent wages are at the centre of our demands. The "empowerment " of women in all aspects is related to the "employment" of women and it's quality. The policy pursued by the present day regime can create only unemployment and distress.

National Secretariat of the Confederation of Central Government Employees and Workers Calls upon all affiliated organisations and C-O-Cs and Women's Sub Committees to take proper organisational measures to ensure effective observance of the International Women's Day jointly with other fraternal organisations.

M. KRISHNAN 

Secretary General 

Confederation 

Mob & WhatsApp:  09447068125

Email : mkrishnan6854@gmail.com

OBSERVE COM. S. K. VYAS JI REMEMBRANCE DAY ON 13^THFEBRUARY 2017

              

 Com. S. K. Vyasji, the legendary leader of the Central Govt. Employees and Pensioners passed away on 13th February, 2015.

                   Com. Vyasji was the Secretary General and President of the Confederation of Central Govt. Employees & Workers for forty years from 1967 to 2006.  He was the President and Secretary General of All India Audit & Accounts Association for a long time.  He continued as the Advisor of the Confederation and also as the Secretary General of National Co-ordination Committee of Pensioners Association (NCCPA) and Bharat Central Pensioners Confederation (BCPC) till death. 

                   Com. Vyasji has led various struggles and strike actions of the Central Govt. Employees and was in the forefront of the leadership which organised the first indefinite strike action of the Central Govt. employees after independence, in the year 1960.  Com. Vyas was jailed and dismissed from service.  He played an important role in rallying the Central Govt. employees along with the striking Railway employees in the year 1974.  He was an able and uncompromising negotiator with the Government in the JCM National Council and Standing Committee.  He was responsible for many of the benefits and allowances enjoyed by the Central Govt. employees.  The cost indexation of wages was earned by the Govt. employees through the sustained struggles and efforts in 1960s under his leadership.  Confederation of Central Govt. employees and workers representing about 15 lakhs Central Govt. employees is in the forefront of the incessant struggle and strike actions organised by Indian Working Class against the neo-liberal economic policies of the Government.  Com. S. K. Vyasji’s vision and ideological clarity has made the Confederation, part and parcel of the mainstream of the working class movement in India.

                   Com. Vyasji was a friend, philosopher, guide and everything for the Central Govt. Employees movement.  In the more than six decades long trade union life, Com. Vyasji endeared himself to every section of the Central Govt. Employees.  His death has caused irreparable and irreplaceable loss to all of us.  He was a great leader, symbol of simplicity, a gem of a person and a leader who is down to earth, extremely polite, kind hearted and compassionate; one of the finest human being, tallest leader, a gentle mentor and a legend.

                   He is in our hearts!  His memories will be forever with us!  His long saga of struggle and sacrifice for the Central Govt. employees and pensioners will inspire the generations to come.

                   The National Secretariat of Confederation of Central Govt. Employees & Workers calls upon all affiliated organisations and C-O-Cs to observe the 2^nd Death anniversary of Com. S. K. Vyas Ji as “S. K. VYAS JI REMEMBRANCE DAY”.  

                   Com. S. K. Vyasji Amar Rahe!

           Long live Com. S. K. Vyasji !!

           Long live, Long live !!!

              

M. Krishnan

Secretary General

Confederation

Mob: 09447068125

Email: mkrishnan6854@gmail.com

NPS COMMITTEE - HOPES OF YOUNGER GENERATION SHATTERED

NPS committee constituted by the Government to streamline the National Pension System has called the JCM Staff Side for second round of discussion on 10.02.2017. As per the notified agenda, the committee is proposing discussion on only cosmetic changes in NPS. Basic issues such as (1) scrapping of NPS (2) Guaranteed Minimum pension to NPS Pensioners  ie; 50% of the last pay drawn should be guaranteed by Government as minimum pension even if the returns from annuity insurance scheme amount is less than the 50%. and (3) Exemption of Central Govt. Employees from the purview of NPS, are not included in the agenda of the meeting even though the Cabinet Secretary has assured JCM Staff Side Chairman and Secretary Shri. Raghavayya and Shri Shiv Gopal Misra on 19^th January 2017 that -- "so far as issue of NPS is concerned he has already directed the Committee to hold meeting with Staff Side". From reading the agenda it can be seen that main demands of the Staff Side are avoided, thus betraying the cause of thousands of younger generation Central Government Employees who joined service after 01.01.2004. Their hopes are shattered and belied. NJCA should revive the deferred strike to protect the interest of younger generations. Let us make the 16th March 2017 Confederation Strike a grand success.

M. Krishnan
Secretary General
Confederation of Central Govt. Employees & Workers.
Mob & WhatApp:  09447068125.
Email: mkrishnan6854@gmail.com

INDIA POST PAYMENTS BANK WILL BE A GAME CHANGER FOR FINANCIAL INCLUSION-MANOJ SINHA

IPPB branches launched in Ranchi & Raipur

            Finance Minister, Shri Arun Jaitley and Minister of Communications Shri Manoj Sinha launched the operations of the India Post Payments Bank (IPPB) here today as two pilot branches at Raipur and Ranchi through video conferencing from Delhi.

            Speaking on the occasion, Shri Jaitley said that about 650 IPPB branches will be opened by September this year and that will have a multiplier impact as far as banking in India is concerned. He said with IPPB, banking at the doorstep will no longer remain a mere slogan, but will become a reality due to huge postal network in the country. He said that financial Inclusion is critical for the socio-economic development of the country, but there are significant gaps in this area and a large proportion of country’s population remain unbanked or underbanked. IPPB will effectively leverage the ubiquitous post office network with its pan-India physical presence, long experience in cash handling and savings mobilization, backed by the ongoing project of IT-enablement, to bridge this gap in Financial Inclusion.

            In his address, Minister of Communications Shri Manoj Sinha has commended the hard work done by the Department of Posts in setting up the India Post Payments Bank and hoped that both organizations will work in tandem to take the benefits of government schemes and financial services that are not easily available in rural areas to customers across the country and to the marginalized population in urban and rural areas alike. He said, the objective of IPPB will be public service rather than promoting commercial interests.

            Secretary, Department of Posts, Shri B.V.Sudhakar said that the IPPB is widely expected to be a game changer for financial inclusion in the country as the USP of this initiative is doorstep banking, particularly in the rural areas.

            As mandated by the RBI, the India Post Payments Bank (IPPB) would focus on providing basic financial services such as all kinds of payments; including social security payments, utility bill payments, person to person remittances (both domestic and cross-border), current and savings accounts up to a balance of Rs 1 lac, distribution of insurance, mutual funds, pension products and acting as business correspondent to other banks for credit products especially in rural areas and among the underserved segments of the society.

            Set up us a 100% Government of India owned Public Limited Company under the Department of Posts, it will open around 650 branches in district HQ locations. All 1.55 lacs post offices including the 1.39 lac of the rural post offices will be mapped to the IPPB branch at the district headquarter and function as access points for IPPB. IPPB will usher in state of the art internet and mobile banking platforms, digital wallets and use innovative and emerging technologies to catalyse the shift from a cash dominant to a less cash economy.

            While many other banks and financial institutions are working on the same theme, the USP of IPPB will be its ability to ease access and handhold the adoption of new age banking and payments instruments among citizen of all walks of life through the delivery by postmen and Grameen Dak sevaks, savings agents and other franchisees who will take banking to door steps. IPPB thus aspires to the most accessible, affordable and trusted bank for the common man with the motto - “No customer is too small, no transaction too insignificant, and no deposit too little”.

            Given ‘in principle’ approval by the RBI along with 10 other aspirants on 19th Aug 2015, IPPB received the cabinet’s approval on 1st June, 2016 and was incorporated as on 17th Sept, 2106. Today it became the second payments bank to launch its operations. Having got its final banking license from the RBI on the 20th Jan 2017 it has commenced operations in record time of 10 days in partnership with the Punjab National Bank, after obtaining all necessary approvals and registrations from the RBI, NPCI etc.

            A commemorative stamp and a logo of the new bank were also launched on the occasion.

Promotion and postings of Senior Administrative Grade (SAG) officers of Indian Postal Service, Group 'A' to Higher Administrative Grade (HAG) of the Service and posting of an HAG officer of the Service 30-01-2017  TO VIEW, PLEASE  CLICK HERE. 

VERY SAD NEWS Com. Sri Nath Yadav Bereaved

        Shri Jitesh Yadav , youngest son  aged  25 years of Comrade Sri Nath Yadav, Sr. Vice  President AIPEU Group-C  UP Circle expired on 27^th January,2017 after a brief illness.

         I on behalf of NFPE and P-III CHQ and Circle Union UP, convey heartfelt condolences on the sad demise of son of Com. Sri Nath Yadav to him and his bereaved family and pray almighty to give strength to Com.  Yadav and his family to bear this shock and peace to the departed soul

    R.N. Parashar

S/G NFPE & G/S P-III 

Monday, January 30, 2017

NFPE CIRCULAR

National Federation of Postal Employees

1^st Floor North Avenue Post Office Building, New Delhi-110 001

Phone: 011.23092771                                                      e-mail: nfpehq@gmail.com

       Mob: 9868819295/9810853981                website: http://www.nfpe.blogspot.com

      No. PF-01(e)/2017                                                                  Dated: 3oth January-2017

To

            All General Secretaries / NFPE Office Bearers     

            All Circle Secretaries of NFPE Unions

Sub: Confederation Trade Union Education Camp at Trivandrum - from 06^th to 07^th                May, 2017.

Comrades,

            Secretary General, Confederation of Central Government Employees and Workers, vide Circular No. Confdn/TU Camp /2017 dated 18.01.2017, has intimated that Confederation Trade Union Education Camp will be held at Trivandrum (Kerala) from 6^th to 7^th May-2017 (Saturday and Sunday).

            Confederation has allotted quota of 100 delegates for NFPE.

            Accordingly the quota is allotted to all affiliates as mentioned below:

            P-III   -30         P-IV-25                        R-III-15          R-4-10

            Admn.-5         Postal A/C-5             SBCO-5          GDS-10      Casual/L-5

            All General Secretaries of affiliated unions are requested to allot delegates to participate in the Camp with the direction to them to book to and fro tickets as early as possible to avoid inconvenience.

            The venue of the Camp is ” EMS Academy” about 11 KMs far away from Trivandrum Railway Station and 17 KMs from Trivandrum Air Port.

            Accommodation will be arranged by the Reception Committee from 5^th May after Noon to 08th May morning 6 A.M.  Food will be supplied from 5^th May Night to 7^th May Night.

            Reception Committee Volunteers will be available  at RMS office  situated near Railway Station Trivandrum  and Bus  Stand  Trivandrum  from 5^th May  morning to 8^th May  Morning.

            Nobody will be allowed to leave the Camp from 6^th Morning to 7^th evening. Strict discipline will be enforced in the Camp. Those people who want to visit places should arrange their travel in such a way so that they may attend camp on 06^th & 7^th May-2017.

            With fraternal greetings

Yours faithfully,

(R.N. Parashar)

Secretary General

REVISED FREQUENTLY ASKED QUESTIONS (FAQS) 2.0 RELATED TO PROPOSED INDIA POST PAYMENTS BANK (Click the link below to view)  http://utilities.cept.gov.in/dop/pdfbind.ashx?id=2121