Thursday, 28 July 2016
Wednesday, 27 July 2016
NEW PROCEDURE OF ACCOUNT TRANSFER IN DOP FINACLE AFTER SB ORDER 05/2016
New Procedure of Account Transfer in DOP Finacle after SB Order 05/2016
- According to SB Order 5/2016. The SOL Transfer will be proceeded at Head office only.
- Customer will visit the home branch and submit the request for A/c transfer of his account from his branch to another CBS branch.
- Home SOL will send the request of A/c Transfer in SB-10 B to Head office.
- Supervisor of SO will validate the account details and then invoke HACXFSOL (Transfer Menu between CBS Sol’) menu and choose option “T-Transfer” and click Go button.
- The screen appears like as
- Super will then fill in the following details such as account number, Target sol id (To Sol (CBS Branch) where the account is going to be transferred) and press the submit button.
- The screen appears like as
- System will do all basic validation on the account during this process such as Pending transaction on the account not authorized includes teller transaction, clearing transaction, standing instruction, account related transaction etc. This error message will be shown on the report.
- Super can invoke HPR menu and see all the details and authorize all the transaction which are pending for the account. Once all pending transaction are verified, Maker will again reinitiate the process of transfer by invoking the menu HACXFSOL.
- A transfer request number will be generated on submitting the request. Supervisor user will see HPR report and check there are no pending transaction for the account. If the report has no pending transaction for the account. Supervisor can submit to Postmaster for authorization via email include instruction No.
- Postmaster of HO can check all details such as account number, from branch, to branch and verify the transfer request through the menu HACXFSOL menu (V-Verify option).
- On press of verify button, the account get transferred from the CBS home branch to CBS branch as requested by customer.
- Customer can visit the new CBS branch where he has requested for the account and collect the passbook and operate the account.
- Account number remains the same, as the transfer happens between the CBS branches.
- There will not be any interest application during account transfer.
- It was discussed that account can be transferred by the SOL also where the customer wants transfer. That process also needs to be shown here.
Courtesy : https://finaclesolution.blogspot.in/
7th CPC: Govt to set up anomalies committees
The Centre will set up anomalies committees to examine individual, post and cadre-specific anomalies arising out of implementation of the recommendations of seventh Central Pay Commission.
The Department of Personnel and Training (DoPT) has been authorized to take action regarding pay and related issues concerning officers of all India services--Indian Administrative Service (IAS), Indian Police Service (IPS) and Indian Forest Service (IFoS).
"Anomalies committees will be set up by Department of Personnel and Training to examine individual, post-specific and cadre-specific anomalies arising out of implementation of the recommendations of the Commission," the Finance Ministry said in an order notifying implementation of the pay panel's recommendations.
The three-member Seventh Central Pay Commission, which had submitted its report on November 19, 2015, was divided over the issue of financial and career-related edge given to IAS officers as against those belonging to the other services.
IAS officers presently get a two-year edge over other services for getting empanelled to come on deputation at the Center.
Besides, they also get two additional increments at the rate of 3 per cent over their basic pay at three promotion stages i.E., promotion to the Senior Time Scale (STS), to the Junior Administrative Grade (JAG) and to the Non-Functional Selection Grade (NFSG) after putting in about four, eight and 13 years of service, respectively.
A confederation representing thousands of officers of 20 civil services, including the IPS, have been demanding pay parity and other benefits enjoyed by IAS officers.
"Regarding pay and related issues concerning All India Services, appropriate action will be taken by Department of Personnel and Training to give effect to the decisions on these matters as may be applicable to them," the latest order issued yesterday said.
Source : Business Standard
Dearness Allowance Calculation in 7th CPC Gazette Notification
The Recommendations on Allowances (except Dearness Allowance) will be referred to a Committee comprising Finance Secretary and Secretary (Expenditure) as Chairman and Secretaries of Home Affairs, Defence, Health and Family Welfare, Personnel and Training, Posts and Chairman, Railway Board as Members. The Committee will submit its report within a period of four months. Till a final decision on Allowances is taken based on the recommendations of this Committee, all Allowances will continue to be paid at existing rates in existing pay structure, as if the pay had not been revised with effect from 1st day of January, 2016.
V. Dearness Allowance:
Sl. NO | Recommendation of the seventh Central Pay Commission | Decision of the Government |
1 | Existing formula and methodology for calculating Dearness Allowance to continue (Para 8.17.37 of the Report) | Accepted. The reference base for calculation of Dearness Allowance after coming into force of the revised Pay structure shall undergo change accordingly and will be linked to the average index as on 01.01.2016. |
Source:http://egazette.nic.in/WriteReadData/2016/170924.pdf
Tuesday, 26 July 2016
Revision of GDS FG Bond security amount
The Department of Posts has revised the security amount to be furnished by Gramina Dak Sevaks as under vide DG letter no 6-18/2010-PE-II dated 07-05-2010
1. GDS BPMs from Rs 10000/- to Rs 25000/-
2 Other GDS from Rs 5000/- to Rs 10000/-
The security will be in the form of Fidelity Guarentee Bond or National Savings Certificate pledged to the Department or in the shape of Bank Gurantee from any nationalized Bank. The present periodicity of yearly renewal- of the Fidelity Guaratee Bond be revised to once in 5 years (quinquinnelly).The required premium for-5 years' block may be recovered and the F.G. Bond obtqined for full 5 years block from the recognized Cooperative Credit Society.
To view the full text of the letter click here.
Monitoring Process by the Supervisor other than verification of Transaction in Fiancle
Monitoring Process by the Supervisor other than verification of Transaction in Fiancle
Supervisor has to daintily the following things without fail other than verification's of CPA requests/transactions
DAY BEGIN:
- Check SOL Date status (HSSI)
- Teller Cash Positions
- Open Cash transactions (HOCST)
- Open Transfer Transactions(HOXFT)
DAY END:
- EOD blocking validations check
- Teller Cash Positions
- Close Cash transactions(HCCST)
- Close Transfer transactions(HCXFT)
- Initiate day end (HISCOD)
- INVENTORY MAINTENANCE(CHQ,Certificates)
Annual Increment in 7th CPC: Two Options i.e. 1st January and 1st July are provided
Annual Increment in 7th CPC: Two Options i.e. 1st January and 1st July are provided
As per 7th CPC Notification issued by Govt on egazzete.nic.in the two increment option has been provided by govt.
5. There shall be two dates for grant of increment namely, 1st January and 1st July of every year, instead of existing date of 1st July; provided that an employee shall be entitled to only one annual increment on either one of these two dates depending on the date of appointment, promotion or grant of financial up-gradation.
7TH PAY COMMISSION GAZETTE NOTIFICATION – PUBLISHED click to view
RECOMMENDATION REGADRDING ANNUAL INCREMENT BY 7TH PAY COMMISSION
Annual Increment
5.1.38 The rate of annual increment is being retained at 3 percent.
5.1.53 Annual Increment
Suppose, Ms. ABC, who, after having been fixed in the Pay Matrix, is drawing a Basic Pay of Rs.32,300 in Level 4. When she gets an annual increment on 1st of July, she will just move one stage down in the same Level. Hence, after increment, her pay will be Rs.33,300.
|
Pay Band
|
5200-20200
| ||||||
Grade Pay
|
1800
|
1900
|
2000
|
2400
|
2800
| |||
Entry Pay (EP)
|
7000
|
7730
|
8460
|
9910
|
11360
| |||
Levels
|
1
|
2
|
3
|
4
|
5
| |||
Index
|
2.57
|
2.57
|
2.57
|
2.57
|
2.57
| |||
1
|
18000
|
19900
|
21700
|
25500
|
29200
| |||
2
|
18500
|
20500
|
22400
|
26300
|
30100
| |||
3
|
19100
|
21100
|
23100
|
27100
|
31000
| |||
4
|
19700
|
21700
|
23800
|
27900
|
31900
| |||
5
|
20300
|
22400
|
24500
|
28700
|
32900
| |||
6
|
20900
|
23100
|
25200
|
29600
|
33900
| |||
7
|
21500
|
23800
|
26000
|
30500
|
34900
| |||
8
|
22100
|
24500
|
26800
|
31400
|
35900
| |||
9
|
22800
|
25200
|
27600
|
32300
|
37000
| |||
↓
| ||||||||
10
|
23500
|
26000
|
28400
|
33300
|
38100
| |||
11
|
24200
|
26800
|
29300
|
34300
|
39200
|
Recommendation of the 7th Central Pay Commission : Decision of the Government
7th Pay Commission Gazette Notification - ANNEXURE II
Statement showing the recommendations of the Seventh Central Pay Commission on Pay relating to Civilian employees in Group ‘A’, ‘B’ and ‘C’ and personnel of All India Services and Government’s decisions thereon.
Sl. No. | Recommendation of the Seventh Central Pay Commission | Decision of the Government |
---|---|---|
1 | Minimum pay in government with effect from 01.01.2016 at Rs. 18000 per month (Para 4.2.13 of the Report) | Accepted |
2 | Pay Matrix comprising two dimensions having horizontal range in which each level corresponds to a “functional role in the hierarchy” with number assigned 1, 2, 3 and so on till 18 and “vertical range” denoting “pay progression”. These indicate the steps of annual financial progression (Para 5.1.21 of the Report) | Accepted |
3 | On recruitment, an employee joins at a particular level and progresses within the level as per the vertical range. The movement is usually on an annual basis, based on annual increments till the time of their next promotion. (Para 5.1.22 of the Report) | Accepted |
4 | The fitment factor of 2.57 to be applied uniformly for all employees. (Para 5.1.27 of the Report) | Accepted |
5 | Pay of employees to be fixed in the revised Pay Structure in the manner laid down in Paras 5.1.28 and 5.1.29 of the Report. | Accepted |
6 | In case of upgrading of posts recommended by the Commission, the pay may be fixed in revised Pay Structure in manner laid down in Para 5.1.30 of the Report. | Accepted. The recommendation regarding downgrading not accepted and, therefore, no occasion for fixation on downgrading of posts. |
7 | Pay of direct recruits will start at the minimum pay corresponding to the Level to which recruitment is made, which will be the first cell of each Level in the Matrix (Para 5.1.32 of the Report) | Accepted |
8 | On promotion, pay of employees to be fixed in the manner laid down in Para 5.1.33 of the Report. | Accepted |
II. Annual Increments:
Sl. No. | Recommendation of the Seventh Central Pay Commission | Decision of the Government |
---|---|---|
1 | The manner of drawal of annual increment to be as laid down in Para 5.1.53 of the Report. | Accepted |
III. Modified Assured Career Progression Scheme:
Sl. No. | Recommendation of the Seventh Central Pay Commission | Decision of the Government |
---|---|---|
1 | MACP will continue to be administered at 10, 20 and 30 years as before. In the new Pay Matrix, the employee will move to immediate next Level in hierarchy. Fixation of pay will follow the same principle as that for a regular promotion in the Pay Matrix. MACPS will continue to be applicable to all employees up to Higher Administrative Grade (HAG) level except members of Organised Group ‘A’ Services. (Para 5.1.44 of the Report) | Accepted |
2 | Benchmark for performance appraisal for promotion and financial upgrdation under MACPS to be enhanced from “Good” to “Very Good”. (Para 5.1.45 of the Report) | Accepted |
3 | Withholding of annual increments in the case of those employees who are not able to meet the benchmark either for MACP or a regular promotion within the first 20 years of their service. (Para 5.1.46 of the Report) | Accepted |
IV. Consolidated Pay package in Regulatory Bodies:
Sl. No. | Recommendation of the Seventh Central Pay Commission | Decision of the Government |
---|---|---|
1 | Consolidated pay package of Rs. 4,50,000 (Rupees Four Lakh and Fifty Thousand only) for Chairpersons of Telecom Regulatory Authority of India, Central Electricity Regulatory Commission, Insurance Regulatory and Development Authority, Securities and Exchange Board of India, Competition Commission of India, Pension Fund Regulatory and Development Authority, Petroleum and Natural Gas Regulatory Board, Warehousing Development and Regulatory Authority, and Airports Economic Regulatory Authority of India (Para No. 13.15 (i) of the Report) | Accepted |
2 | Consolidated pay package of Rs. 4,00,000 (Rupees Four Lakh only) for Members of Telecom Regulatory Authority of India, Central Electricity Regulatory Commission, Insurance Regulatory and Development Authority, Securities and Exchange Board of India, Competition Commission of India, Pension Fund Regulatory and Development Authority, Petroleum and Natural Gas Regulatory Board, Warehousing Development and Regulatory Authority, and Airports Economic Regulatory Authority of India (Para No. 13.15 (i) of the Report) | Accepted |
3 | Consolidated pay package in above cases to be raised by 25 percent as and when Dearness Allowance goes up by 50 percent. All other benefits, including Travelling Allowance/Daily Allowance on tour etc., to be provided by the Regulatory Bodies as per their rules and regulations. (Para No. 13.15 (ii) of the Report) | Accepted |
4 | Normal replacement pay for existing Members of the remaining regulatory bodies set up under Acts of Parliament. (Para No. 13.15 (iii) of the Report) | Accepted |
V. Dearness Allowance:
Sl. No. | Recommendation of the Seventh Central Pay Commission | Decision of the Government |
---|---|---|
1 | Existing formula and methodology for calculating Dearness Allowance to continue (Para 8.17.37 of the Report) | Accepted |
Source: egazette.nic.in
Subscribe to:
Posts (Atom)