Friday, 27 March 2015
Officer Trainees of Indian Postal Service Call On Vice President
Delhi Mar 24, 2015 12:20 AM IST
Source : http://wap.business-standard.com/
The Officer Trainees of Indian Postal Service of 2012 and 2014 batches called on the Vice President of India Shri M. Hamid Ansari here today. They comprised of four officer trainees from 2012 batch and ten officer trainees from 2014 batch. The Vice President interacted with the officer trainees on various aspects of Indian Postal Service viz. Indian Postal System, its prospects, role and scope and its modernization etc. He called upon them to focus on good governance with a high degree of commitment to public service and higher values of professionalism. He wished the officer trainees good success in their service career ahead.
The officer trainees were accompanied by Shri Pradipta Kumar Bisoi, Director and senior officers of Rafi Ahmed Kidwai National Postal Academy, Ghaziabad. These officer trainees are presently undergoing two years professional course at Rafi Ahmed Kidwai National Postal Academy, Ghaziabad, an apex level training institute of India Post. Indian Postal Service came in to existence in 1948 and has a cadre of around 450 officers to manage postal services in India.
Source : http://wap.business-standard.com/
ANDROID APPLICATION FOR INDIA POST MOBILE BANKING
Login Window
Home Screen of India Post Mobile Banking App
Description
Dear valued customer, Department of Posts brings you Mobile Banking Application which offers banking on the go. Why to visit Post Office when you can do banking from your comfort zone anytime, anywhere using your mobile device. Yes, Department of Posts new offering to its esteemed valued customers – India Post mobile banking application.
Security Advice
Department of Post never ask you to provide your MPIN, Transaction Password, User ID and OTP (One Time Password). Please be aware of such Phishing by fraudulent.
How To Activate Mobile Banking Application
1. Download the Mobile Banking Application from Google Play store. Please don’t download from any other websites.
2. Open the application and click on Activate Mobile Banking button.
3. Enter the Security Credentials which you have provided with Department of Post.
4. No message Charges for OTP (One Time Password). We shall deliver you Activation OTP on your Registered Mobile Device. Please enter the OTP on the screen which asked you to enter the OTP and proceed further.
5. Once successfully validated you will be asked to enter 4 digit MPIN. Please enter 4 digit MPIN of your choice and you will be activated for Mobile Banking Application.
6. For login into Mobile Banking application, please enter your User Id and the new MPIN.
Help Desk
Should you face any difficulty or you have any queries, please contact our Customer care
18004252440
We request you to please provide your valuable feedback and help us to serve you better. Department of Posts – Banking in your hand.
Download India Post Mobile Banking Android App
SSA Interest Patch is for only SBCO Units using old MISCAT Software for SSA Scheme
SSA Interest Patch is for only SBCO Units using old MISCAT Software for SSA Scheme
Sukanya Samriddhi Account (SSA) is newly introduced scheme. There is no provision in the existing SBCO / MISCAT Module. So most of the SBCO units are using the existing MISCAT - PPF module ..
Some SBCO units maintain Office wise registers only
As per SB Order 02/2015Addendum : SBCO will maintain separate Office wise register for this scheme
In the existing PPF Module the IBB will be calculated for the minimum balance from 5th of every month to the end of the month. But for SSA the IBB should be calculated for minimum balance from 10th of every month to the end of the month ( Like SB scheme ) So we need to use some other software.
So we can use this SSA Interest Calculation patch to solve the problem.
Create batch file in the name of SSA.BAT
go to Command prompt
C:\> EDIT SSA.BAT
@ECHO OFF
CD\SSA\PPF
FOXPRO SSA
CD\
CLS
|
Steps:
1. Download the SSA.EXE and paste in any folder (including Foxpro.exe and Foxpro.ovl )
or
Paste in to C:\SSA\PPF folder ( where the SSA data are being fed)
2. Create batch file
3. Run the Batch file ...... Check the folder path ( You can change as per your requirement )
4. Give the office code for required offices - ie non CBS Offices. The Interest will be calculated .
5. Then Open our MISCAT ( for SSA) - > Master -> Index services & Updating Balance
6. Report -> Report -> Annual Report -> 1. Interest / 3. Interest 63
Solution by
Shri. M.Rajendran, Dindigul Dn.
Mobile No: 94439 28080
Sukanya Samridhi Account / Sukanya Samridhi Yojana - Collections
Click the Following Link to learn more
- Salient Features of Sukanya Samridhi Account / Sukanya Samridhi Yojana
- Do you know: How to invest in Selvamagal Semippu Thittam ( Sukanya Samridhi Yojana / Account) ?
- Sukanya Samridhi Account / Sukanya Samridhi Yojana Poster 3
- Sukanya Samriddhi Account - Calculators / Forms / SB Orders / Posters
- Sukanya Samruddhi Account - Calculator
- Sukanya Samriddhi Yojana Scheme: 1.8 Lakh Accounts Opened in 2 Months
- Sukanya Samriddhi Account Vs PPF: 10 Things to Know
- Sukhanya Samrriddhi Account one minute video clip (Tamil) by Nagapattinam Dn, CR. TN Circle
- Video on "Sukanya Samriddhi Yojana"
- Inauguration of Sukanya Samriddhi Account Facilitation Center By Hon'ble PMG Indore Region at Datia MDG Gwalior Division Indore Region MP Circle on 12/03/2015
- Sukanya Samriddhi Account ( SSA ) - Application Form - Passbook : RBI's Instructions for Banks
- Sukanya Samridhhi Yojna Posters - 2 designed by Various Postal Circles / Divisions / Interested persons
- Sukanya Samriddhi Account / Yojana - at a glance
- Sukanya Samriddhi Yojana / Account - Video from Youtube (Sify Network will not support )
- Spreading Awareness about "Sukanya Samridhi Account" amomg general Public
- Sukanya Samriddhi Yojana - Posters designed by Various Postal Circles / Divisions / Interested persons
- SSA Special Camp at Abiramam SO, Ramanathapuram Division, TN Circle
- Sukanya Samriddhi Account - Your best gift for your Girl Child...
- Sukanya Samriddhi Account ( SSA ) deposits eligible for deduction u/s 80C of Income Tax Act, 1961
- Sukanya Samriddhi Account / Yojana - Highest fetching interest scheme across all schemes
Wednesday, 4 March 2015
SSA LOT ERROR IN SANCHAY POST 7.5
SSA LOT Error & Solution In Sanchay Post 7.5
Solution
Download Sanchay Post 7.5 Patch 10.1 then install.
Download and Replace pbd1 file which is given for RD Default error.
Download Sanchay Post 7.5 Patch 10.1 then install.
Download and Replace pbd1 file which is given for RD Default error.
Courtesy : http://potools.blogspot.in/
Sukanya Samriddhi Scheme: Income Tax Benefits And Other Features
The Sukanya Samriddhi Scheme has got tax-free status on interest income and withdrawal in the Budget. "Investments in Sukanya Samriddhi Scheme is already eligible for deduction under Section 80C. All payments to the beneficiaries including interest payment on deposit will also be fully exempt," Finance Minister Arun Jaitley said in his Budget Speech.
Sukanya Samriddhi Scheme is a small savings scheme which was launched in January this year and is aimed at encouraging savings for a girl child's education and marriage.
Taxation: A contribution of up to Rs. 1.5 lakh qualifies for income tax deduction under Section 80C of Income Tax Act. The clarifications in the Budget now make it clear that the entire maturity amount of the Sukanya Samriddhi Scheme and the interest earned are non-taxable, says Suresh Sadagopan, the founder of Ladder 7 Financial Advisories. In terms of tax treatment, it is on the lines of Public Provident Fund which also qualifies for Section 80C benefits, he says. Mr Ramesh says Sukanya Samriddhi Scheme is a good investment option to save for a girl child's future needs because the maturity amount is tax-free in the hands of the girl child. When the scheme was launched earlier this year, it was not clarified whether the withdrawal as well as interest would be exempted from tax.
Opening of account: The account may be opened by the guardian in the name of a girl child till she attains the age of ten years. Only one account is allowed per girl child. Parents can open this account for a maximum of two children. In case of twins or triplets, this facility will be extended to the third child. Account can be opened in post offices or authorized bank branches.
Age: The maximum age limit of the girl child for opening this account is 10 years. This year, a one-year relaxation has also been given.
Maturity: The account can be closed after the girl child in whose name the account was opened completes the age of 21. If account is not closed after maturity, the balance will continue to earn interest as specified for the scheme from time to time.
Withdrawal: Up to 50 per cent of the accumulated amount can be withdrawn after the account holder turns 18.
Interest rate: The government will every year declare the interest rate of the scheme. For 2014-15, the government would be paying 9.1 per cent interest. In comparison, PPF pays 8.7 per cent for 8.7 per cent interest in 2014-15.
Transferability: The account may be transferred anywhere in India if the girl child shifts to a place other than the city or locality where the account stands.
Deposits: The account may be opened with an initial deposit of Rs. 1,000 and thereafter any amount in multiple of Rs. 100 can be deposited. The minimum deposit for a financial year is Rs. 1,000 and maximum Rs. 1.5 lakh. Deposits in an account can be made till completion of fourteen years, from the date of opening of the account.
Penalty: An account where minimum amount has not been deposited in a particular year will attract a fine of Rs. 50 per year.
Operation of account: The account will be opened and operated by the guardian of a girl child till the girl child, in whose name the account has been opened, attains the age of 10 years. On attaining age of 10 years, the girl child may herself operate the account.
Source : NDTV
Sukanya Samriddhi Account / Yojana - at a glance
Sukanya Samriddhi Account / Yojana is a Small Savings Special deposit Scheme for girl child. This scheme is specially designed for girl’s higher education or marriage needs.
The Scheme launched for the welfare of the girl child, to save and educate the girl child.
· Who can open the account? – Sukanya Samriddhi Account (or Khata) can be opened on a girl child’s name by her natural (biological) parents or legal guardian.
· What is the Age limit? – SSA can be opened in the name of a girl child from the birth of the girl child till she attains the age of 10 years. ( As per SB Order No. 2/2015 : The Girl child who is born on or after 02.12.2003 can open account )
· How many accounts can be opened? – A depositor may open and operate only one account in the name of same girl child under this scheme. The depositor (or) guardian can open only two SSA accounts. There is one exception to this rule. The natural or legal guardian can open two or three accounts if twin girls are born as second birth or triplets are born in the first birth itself.
· How to open a SSA account? Accounts in name of the girl child can be opened in post offices or in any branch of a commercial bank that is authorized by the Central Government to open an account under this scheme rules.
· What is the minimum deposit to open the account? – The account may be opened with an initial deposit of one thousand rupees. The minimum contribution in any financial year is Rs 1000. Thereafter the contributions can in multiples of one hundred rupees.
· What is the maximum deposit amount? – a minimum of one thousand rupees shall be deposited in a financial year but the total money deposited in an account on a single occasion or on multiple occasions shall not exceed Rs 1.5 Lakh in a financial year.
· Deposits in an account may be made till the child completes fourteen years, from the date of opening of the account.
· Is there any penalty? – If minimum (Rs 1000 pa) amount is not deposited, the account will be treated as an irregular account. This can be regularized/renewed on payment of Rs 50 per year as penalty. Along with this, the minimum specified subscription for the year (s) of default should be paid.
· What is the mode of deposit? – The deposits in Sukanya Samruddhi scheme can be made in the form of Cash or Demand Draft or Cheque. Where deposit is made by cheque or demand draft, the date of encashment of the cheque or demand draft shall be the date of credit to the account. The cheque or DD should be drawn in favour of the postmaster of the concerned post office or the Manager of the concerned bank. The depositor (parents or guardian) has to write the account holder’s name (child’s name) and the account number on the backside of the instrument.
· What is the Rate of Interest on Sukanya Samriddhi Account? – The applicable rate of interest on SSA for the financial year 2014-2015 is 9.1%. This is one of the highest rates of interest offered by Government on small savings scheme
· Is interest rate fixed or variable? – The rate of interest is not fixed and will be notified by the central government on a yearly basis.
· The account can be transferred anywhere in India if the girl shifts to a place other than the city or locality where the account stands.
· Is Premature withdrawal allowed? – 50 % (half of the fund) of the accumulated amount in SSA can be withdrawn for girl’s higher education and marriage after she attains 18 years of age. The account’s balance at the end of preceding financial year is used for the calculation.
· Can the girl child operate the account? On attaining age of ten years, the account holder that is the girl child may herself operate the account, however, deposit in the account may be made by the guardian or parents.
· Is premature closure allowed? In the event of death of the account holder, the account shall be closed immediately on production of death certificate. the balance at the credit of the account shall be paid along with interest till the month preceding the month of premature closure of the account , to the guardian of the account holder.
· The scheme would mature on completion of 21 years.
· Can the girl child continue the account after her marriage? – The operation of the account shall not be permitted beyond the date of the girl’s marriage.
· What are the required documents to open Sukanya Samriddhi Account? – Birth certificate of the girl child has to be produced. The depositor (parents or guardian) has to submit his/her identity and address proofs.
· On opening an account, the depositor shall be given a pass book. It will have date of birth of the girl child, date of opening of account, account number, name and address of the account holder and the initial amount deposited. The depositor has to present the passbook to the post office or bank at the time of depositing/receiving the interest/on maturity.
http://sapost.blogspot.in/
Tax Benefits on Sukanya Samriddhi Account Scheme
The amount that is deposited under Sukanya Samriddhi Account will be eligible for income tax exemption under Section 80C of Income Tax Act, 1961.
At present, only the contribution of up to Rs 1.5 lakh toward Sukanya Samridhi Yojana is eligible for tax deduction under Section 80C. But discussions are on to also exempt the interest income and withdrawal amount. We can expect a formal announcement on this in the coming Union Budget 2015-16.
(Issue of making interest income and withdrawal exempt from taxation can be done by Department of Revenue (DoR) through legislative amendments. The matter is under examination of DoR)
Sukanya Samriddhi Account ( SSA ) deposits eligible for deduction u/s 80C of Income Tax Act, 1961 : Click Here
Sukanya Samriddhi Account vs Public Provident Fund (PPF)
Both Sukanya Samriddhi Account (SSA) and Public Provident Fund (PPF) aims to seed the savings habit but both schemes have their own pros and cons.
Stressing on the girls role in making the India competitive and prosperous nation, Prime Minister Shri Narendra Modi has today launched a new small savings account for the girl child “Sukanya Samriddhi Account” as an integral part of the “Beti Bachao-Beti Padhao” campaign.
Sukanya Samriddhi Account was initially introduced by Shri Arun Jaitely in his maiden budget speech but has been officially launched today by Prime Minister Shri Narendra Modi. He has handed over bank account details to five girls under the “Sukanya Samridhi Yojna” (girl child prosperity scheme).
Sukanya Samridhi Yojna is a special deposit scheme for girl child only but one another popular scheme to benefit child (irrespective of girl or boy) is Public Provident Fund (PPF).
Let’s see the difference between Sukanya Samriddhi Account and Public Provident Fund (PPF)
Points of Difference
|
Sukanya Samriddhi Account (SSA)
|
Public Provident Fund (PPF)
|
For whom
|
Only for Girl Child.
|
For every Indian Citizen.
|
Age Limit |
From the birth till she attains age of 10 years.
|
No age limit.
|
By whom |
By the girl child who has attained the age of 10 years or by the natural or legal guardian.
|
By the Individual but by the natural or legal guardian for the minor child.
|
Where to open |
Post office and nationalized banks but not private banks.
|
Post office and nationalized banks, including private banks.
|
Number of Account |
One account for each girl child, maximum up to 2 or 3 accounts if twin girls are born in the second birth or triplets are born in the first birth.
|
Each Individual can hold only one account in his name.
|
Minimum Contribution |
Rs.1,000
|
Rs.500
|
Maximum Contribution |
Rs.1.5 lakhs in all accounts.
|
Rs.1.5 lakhs in all accounts.
|
Interest Rate
|
9.1% per annum for fiscal year 2014-15.
|
8.70% per annum for fiscal year 2014-15.
|
Tax Benefit on the Contribution |
Contributed Amount will be deductible u/s 80C.
|
Contributed Amount will be deductible u/s 80C.
|
Tax Benefit on the interest earned |
At present no tax benefit is announced for the interest earned. A mere sum of Rs.1,5o0 will be deductible u/s 10(32) .
|
Interest Earned is tax free under PPF.
|
Time Period of contribution |
Minimum tenure of contribution is 14 years from the date of opening of account.
|
Minimum 15 years and then in blocks of 5 years.
|
Maturity |
21 years from the date of opening of account.
|
15 years from the fiscal year of opening of account.
|
Penalty |
Rs.50 per year if minimum contribution is not made.
|
Rs.50 per year if minimum contribution is not made.
|
Mode of Deposit |
Cash or Demand Draft or Cheque
|
Cash or Demand Draft or Cheque
|
Premature Withdrawal |
Allowed up to 50% for the girl’s higher education and marriage after she attains 18 years of age
|
No premature withdrawal is allowed except in case of death of the account holder.
|
Loan |
No loan can be taken on the SSA balance.
|
Loan can be taken from the third year of opening of account to the sixth year.
|
Taxation on Maturity
|
No tax will be levied on the maturity amount.
|
No tax will be levied on the maturity amount.
|
Note:
1. Interest rate under both the schemes will be notified each year by the Government.
2. Interest will be compounded yearly under both schemes.
3. Loan on the PPF balance is restricted to 25% of the balance at the end of 2nd year.
4. At present interest earned on SSA account is taxable in the hands of guardian but it may get tax rebate in the upcoming budget.
5. Contributed amount get deduction u/s 80c up to Rs.1.5 lakhs including all other eligible investments.
Sukanya Samriddhi Calculator
| ||||||
Year
|
Age of Girl Child
|
Opening Balance
|
Monthly Contribution
|
Yearly Contribution
|
Intrest Rate @9.1%
|
Closing Balance
|
2015
|
1
|
-
|
1000
|
12,000
|
592
|
12,592
|
2016
|
2
|
12,592
|
1000
|
12,000
|
1,737
|
26,329
|
2017
|
3
|
26,329
|
1000
|
12,000
|
2,987
|
41,316
|
2018
|
4
|
41,316
|
1000
|
12,000
|
4,351
|
57,668
|
2019
|
5
|
57,668
|
1000
|
12,000
|
5,839
|
75,507
|
2020
|
6
|
75,507
|
1000
|
12,000
|
7,463
|
94,969
|
2021
|
7
|
94,969
|
1000
|
12,000
|
9,234
|
116,203
|
2022
|
8
|
116,203
|
1000
|
12,000
|
11,166
|
139,369
|
2023
|
9
|
139,369
|
1000
|
12,000
|
13,274
|
164,643
|
2024
|
10
|
164,643
|
1000
|
12,000
|
15,574
|
192,217
|
2025
|
11
|
192,217
|
1000
|
12,000
|
18,083
|
222,300
|
2026
|
12
|
222,300
|
1000
|
12,000
|
20,821
|
255,121
|
2027
|
13
|
255,121
|
1000
|
12,000
|
23,808
|
290,929
|
2028
|
14
|
290,929
|
1000
|
12,000
|
27,066
|
329,995
|
2029
|
15
|
329,995
|
-
|
-
|
30,030
|
360,024
|
2030
|
16
|
360,024
|
-
|
-
|
32,762
|
392,787
|
2031
|
17
|
392,787
|
-
|
-
|
35,744
|
428,530
|
2032
|
18
|
428,530
|
-
|
-
|
38,996
|
467,526
|
2033
|
19
|
467,526
|
-
|
-
|
42,545
|
510,071
|
2034
|
20
|
510,071
|
-
|
-
|
46,416
|
556,488
|
2035
|
21
|
556,488
|
-
|
-
|
50,640
|
607,128
|
Maturity Value :
Amount of Deposit : 14 Years x 12 Months x Rs. 1000 = 1,68,000 + Interest= 4,39,128 = 6,07,128( Approximately
Amount of Deposit : 14 Years x 12 Months x Rs. 1000 = 1,68,000 + Interest= 4,39,128 = 6,07,128( Approximately
SB Order 02/2015 : Introduction of new scheme "Sukanya Samriddhi Account" under Small Savings Scheme from 22.01.2015. : View
Addendum to SB Order No. 2/2015 on Sukanya Samriddhi Account (SSA)
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