Wednesday, 21 December 2016

Deposit of Specified Bank Notes (SBNs) Limited to Rs.5000/- once during the remaining period till December 30, 2016- RBI

Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes (Specified Bank Notes) - Deposit of Specified Bank Notes (SBNs) into bank accounts

DCM (Plg) No. 1859/10.27.00/2016-17
December 19, 2016
The Chairman / Managing Director/ Chief Executive Officer,
Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural
Banks / Urban Cooperative Banks/ State Cooperative Banks
Dear Sir,
Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes (Specified Bank Notes) - Deposit of Specified Bank Notes (SBNs) into bank accounts
Please refer to Circular DCM (Plg) No.1226/10.27.00/2016-17 dated November 08, 2016 on the captioned subject. On a review of the provisions ii, iii and iv at C of Para 3 dealing with credit of the value of SBNs into bank accounts it has been decided to place certain restrictions on deposits of SBNs into bank accounts while encouraging the deposits of the same under the Taxation and Investment Regime for the Pradhan Mantri Garib Kalyan Yojana, 2016 as indicated below:
  1. Tenders of SBNs in excess of ₹ 5000 into a bank account will be received for credit only once during the remaining period till December 30, 2016. The credit in such cases shall be afforded only after questioning tenderer, on record, in the presence of at least two officials of the bank, as to why this could not be deposited earlier and receiving a satisfactory explanation. The explanation should be kept on record to facilitate an audit trail at a later stage. An appropriate flag also should be raised in CBS to that effect so that no more tenders are allowed.
  2. Tenders of SBNs up to ₹ 5000 in value received across the counter will allowed to be credited to bank accounts in the normal course until December 30, 2016. Even when tenders smaller than ₹ 5000 are made in an account and such tenders taken together on cumulative basis exceed ₹ 5000 they may be subject to the procedure to be followed in case of tenders above ₹ 5000, with no more tenders being allowed thereafter until December 30, 2016.
  3. It may also be ensured that full value of tenders of SBNs in excess of ₹ 5000 shall be credited to only KYC compliant accounts and if the accounts are not KYC compliant credits may be restricted up to ₹ 50,000 subject to the conditions governing the conduct of such accounts.
  4. The above restrictions shall not apply to tenders of SBNs for the purpose of deposits under the Taxation and Investment Regime for the Pradhan Mantri Garib Kalyan Yojana, 2016.
  5. The equivalent value of specified bank notes tendered may be credited to an account maintained by the tenderer at any bank in accordance with standard banking procedure and on production of valid proof of Identity.
  6. The equivalent value of specified bank notes tendered may be credited to a third party account, provided specific authorisation therefor accorded by the third party is presented to the bank, following standard banking procedure and on production of valid proof of identity of the person actually tendering, as indicated in Annex-5 of our circular cited above.
2. Please acknowledge receipt.

Yours faithfully
(P Vijaya Kumar)
Chief General Manager

Source :

Restriction on Deposit of WOS Notes into Post Office SB Account - Directorate Order

Subject: Restriction on Deposit of WOS Notes into SB Account 

        Kindly refer to the SB Order No. 12/2016 dated 08.11.2016 (Para No. 02 (iii) ) regarding deposits of WOS Notes. There is a partial modification in the acceptance of deposits of WOS notes. RBI vide their notification number RBI/2016-17/189 DCM (Plg) No. 1859/10.27.00/2016-17 dated 19.12.2016 has decided to place certain restrictions on deposit of SBNs (Specified Bank Note/WOS Notes) into the accounts by allowing deposits in excess of Rs. 5000/- will be received for credit only once during the period till December 30th, 2016. Copy of the RBI notification is attached herewith. 

It is requested to kindly issue necessary instructions to all concerned in this regard.

With regards,

Sachin Kishore
Director (CBS)
Sansad Marg,
Dak Bhavan

Transfer/Posting Order of IPOs in Bihar Circle on 20.12.2016

ransfer/Posting Order of IPOs in Bihar Circle on 20.12.2016

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First India Post Payments Bank (IPPB) branch in January 2017

Ranchi: India Post, Jharkhand, will become the first in the country to open a bank branch India Post Payments Bank (IPPB) in January.

The basic preparations in terms of infrastructure, manpower and training have been completed.

The move to came after Prime Minister Narendra Modi announced that all post offices should be converted to banks by January next year. The IPPB was incorporated as a public limited company, under the department of posts, Government of India, in August 2015 with 100% government equity.

Talking to TOI, post master general, Jharkhand circle, Anil Kumar said that the first bank branch will begin operations at GPO, Doranda, for which a separate building has been constructed. "Once the GPO branch becomes functional, all other post offices in the state will also start functioning," Kumar said.

There are more than 2,800 India Post offices across the state and the number is likely to be increased to 3,400. "In addition, we have over 100 panchayat seva kendras (PSK) and over 4,000 postmen who can work as business correspondents," Kumar said.

The postmen are being provided with PoS machines. Officials will not only receive money for deposits and disburse payments but will also open new accounts, sell insurance instruments and register money orders. At present, the postal department has issued kits to over 2,700 post offices, which includes a biometric device, printer and a tab for digital transactions.

Kumar said that more than 500 people have already been trained on financial inclusion tools, the usage of PoS machines and briefed on the functioning of post offices as business correspondents. "We have hired experts from Infosys and Rico for training our staff and the training is going on in Ranchi and Jamshedpur," Kumar said.

India Post has also issued debit cards to saving account holders in post offices and once the banking facility begins, more debit cards will be issued. "It will work as full-fledged banks in the wake of the existing robust infrastructures in the remote corners of the state," Kumar said.

Out of 456 post offices, 358 have already been brought on the CBS platform and this is all set to boost the banking structure of Jharkhand post offices once the headquarter branch becomes operational.

Friday, 16 September 2016

Employees accused of sexual harassment can be transferred, says government

Department of Personnel and Training, government employees, Sexual harrasment Change against Government Employee, Government employee transfer policy, Government employee transfer, Transfer of Government employees, Indian government employees, latest news, India news, India To ensure fair inquiry in a sexual harassment case, ministries may also transfer the charged officer to another office to obviate any risk of the officer abusing authority of his office, said an order issued by the central government. (Source Thinkstock)

Employees accused of sexual harassment can be transferred to another office to prevent them from influencing victims and to ensure fair inquiry.

The Department of Personnel and Training (DoPT) also said a junior officer can probe charges against seniors accused of sexual harassment.

The move follows complaints of the accused trying to influence or threaten victims of sexual harassment in a few cases.

“To ensure fair inquiry, ministries or departments may also consider transferring the suspect officer or charged officer to another office to obviate any risk of that officer using the authority of his office to influence the proceedings of the complaints committee,” an order issued recently by DoPT to all central government departments said.

All complaints committees set up to inquire into charges of sexual harassment should be headed by a woman and at least half of its members should also be women.

In case a woman officer of sufficiently senior level is not available in a particular office, an officer from another office may be so appointed, as per existing norms.

It has been directed that to prevent the possibility of any undue pressure, the complaints committee should also involved a third party either Non-Government Organisation (NGO) or some other body which is familiar with the issue of sexual harassment.

“The issue of legality of a committee conducting inquiry against an officer against whom there are allegations of sexual harassment but where the chairperson happens to be junior in rank to the suspect officer has been examined.

“It is clarified that there is no bar either in the Central Civil Service (Classification, Control and Appeal) Rules or under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 to the chairperson of the complaints committee being junior to the suspect officer or the charged officer,” the DoPT said, adding that “this also does not in any way cause any prejudice to the charged officer”.

Sexual harassment includes physical contact and advances, demand or request for sexual favours, sexually coloured remarks, showing any pornography and any other unwelcome physical, verbal and non-verbal conduct of a sexual nature.

Besides this, implied or explicit promise of preferential or detrimental treatment in employment; implied or explicit threat about her present or future employment status; interference with her work, creating an intimidating, offensive or hostile work environment for her; and humiliating treatment likely to affect her health or safety may also amount to sexual harassment.

Source :