Friday, 30 August 2013
POST BANK OF INDIA SANS POSTAL EMPLOYEES
POST BANK OF INDIA SANS POSTAL EMPLOYEES
It seems that the Post Bank of India (PBI) may become a reality in the near future. For the last more than fifteen years we have been told about the Post Bank and even the Parliamentary standing committee on Communications & IT has repeatedly demanded the Government for commencing Post bank. Several attempts have been made, but the Finance Ministry always took a negative stand, for one reason or the other. Majority of the bank managements including nationalized banks have been opposing the entry of the Postal department into commercial banking. The reason is obvious. They foresee a potential threat to their existence once Post Bank enters into their field and during the course of time the Post Bank may become one of the biggest Bank.
It seems that the Post Bank of India (PBI) may become a reality in the near future. For the last more than fifteen years we have been told about the Post Bank and even the Parliamentary standing committee on Communications & IT has repeatedly demanded the Government for commencing Post bank. Several attempts have been made, but the Finance Ministry always took a negative stand, for one reason or the other. Majority of the bank managements including nationalized banks have been opposing the entry of the Postal department into commercial banking. The reason is obvious. They foresee a potential threat to their existence once Post Bank enters into their field and during the course of time the Post Bank may become one of the biggest Bank.
Post Bank of India will be an independent entity, separate from the
current operations of small savings schemes being carried out by the
Department of Posts on behalf of Ministry of Finance. Department has
accordingly submitted an application to the Reserve Bank of India (RBI)
on 28.06.2013 seeking banking license subject to necessary cabinet
approval. RBI has said that new banks will have to set up at least three
branches in villages with a population of less than 10000, for each
branch they establish in other areas. Although Post Bank does not intend
to open a bank in every Post office, the plan is to meet the financial
inclusion goal through these Post offices. India Post had 1,54,822 Post
offices across the country as on 31.03.2013, the largest for any
department in the world, and close to 90% of them – 1,39,086 – are in
rural India. This is more than four times the number of rural branches
run by India’s Banks put together. According to plan prepared by Ernst
& Young, India Post will become Post Bank of India’s banking
correspondent. PBI will use Post office infrastructure but very
frugally. Carefully done PBI can be a game – changer in rural areas.
India post is among 26 applicants that sought banking licenses from
RBI. India Post has to develop the standards to meet RBI guidelines. In
its guidelines for new banking licenses announced on 22nd February 2013,
RBI required applicants to prove their eligibility on several fronts –
from promoter holding to past experience to business plans. The minimum
capital required by the applicants for license is Rs. 500 crores and
foreign share holding in the new banks is capped at 49% for the first
five years. The new banks have to be set up under a non-operative
Financial Holding company (NOFHC). They also have to maintain minimum
capital adequacy ratio – the ratio of risk weighed assets, a measure of
financial strength of the bank – of 19 % for the first three years. New
banks also need to list their shares within three years of starting
operations.
The main argument put forward by those opposing the Post Bank is that
Postal department has no experience when it comes to giving credit
(loans). Department has only been taking deposits till now. Sanctioning
and disbursing of credit needs an entirely different aptitude. India
Post has no specialized experience in the business. It is reported that
unlike many believe, the Post Bank of India will be a completely new
entity with no legacies of a government department and very little to do
with its parent department, except using some of its network. It will
have an independent Board. Separate recruitment has been planned to have
specialised banking staff. Of course, the Post Bank will be a
subsidiary organisation of India Post, which need to be registered as a
public sector Bank and Government equity in this new entity could be
diluted. Whatever reforms and regulations Government implements in
Nationalised Banking sector will be fully applicable to Post Bank of
India also.
There are many talented and qualified Postal employees who want to
switch over to the Post bank and to work as employees under the Post
Bank. The reports that separate recruitment will be made for the Post
Bank has cast shadow upon their hope to work in the Post Bank. NFPE
demands that the existing Postal employees who want to switch over to
the Post Bank shall be given chance to exercise option and if need be a
trade test to assess their capability can also be conducted before
selection. Selected officials can be imparted with intensive training in
commercial banking business. In any case 100% open market direct
recruitment is an injustice to those talented Postal employees who may
not be able to apply for open recruitment due to age factor etc. we urge
upon the Postal Board and Finance Ministry to give due consideration to
this aspect, before the new Bank is rolled out.
Source : http://nfpe.blogspot.com/
Project Arrow Guide - PDF file
What is DET?
DET is ‘data extraction tool’ which extracts data from various modules viz.,
1. Point of Sale 2. Postman 3. SpeedNet 4. Despatch 5. Sanchay post etc.,
from the post office server and transmitted to central server daily. Based on the data received from post office, scoring is calculated and performance is evaluated.
What is required for successful implementation of DET?
All modules of Meghdoot i.e., point of sale, postman, despatch, SpeedNet, Sub accounts, treasury, sanchay post online, are to be operated correctly and shift end /day end done properly.
Daily Work Flow at Project Arrow Post offices
Day Begin Sequence
Day End Sequence
Download Project Arrow Guide : Download or Download
DET is ‘data extraction tool’ which extracts data from various modules viz.,
1. Point of Sale 2. Postman 3. SpeedNet 4. Despatch 5. Sanchay post etc.,
from the post office server and transmitted to central server daily. Based on the data received from post office, scoring is calculated and performance is evaluated.
What is required for successful implementation of DET?
All modules of Meghdoot i.e., point of sale, postman, despatch, SpeedNet, Sub accounts, treasury, sanchay post online, are to be operated correctly and shift end /day end done properly.
Daily Work Flow at Project Arrow Post offices
Day Begin Sequence
Download Project Arrow Guide : Download or Download
Prepared/Compiled by:
Program Office
A.P Circle Tuesday, 27 August 2013
BNPL Configuration and Booking
BNPL Configuration : -
Login as Supervisor in Speed net
Under BNPL menu select "Customer Details" option.
Here fill up all details such as Name of the Company, Address, Account Number and Article type etc.
See the following screen for demo.
After completion of feeding Customer details, click on " Agreement " button.
Then you get the following screen, in that enter details such as Memo number , Bill raising office, Agreement date , Expected Business per month and Guarantee amount.
Note: Guarantee amount must be 4 times to Expected Business.
Now click on " Save" button.
Then you will get the following message box
Here click on "Yes" button.( If any corrections click on "NO")
Again you will get a Confirmation Message box. In that click on "Yes" button.
After this stage you should use "Flush data" option. if not Customer (details) will not appear while booking.
Flush Data :-
Under " Master " menu click on " Flush data" option.
Now you will get flush data Screen.
In the screen select " Flush data now " then click on "OK "
Wait few minutes to complete the process.
After completion you will get Successful message.
Congrats...........!!! you have successfully Added one BNPL customer.
BNPL cities Configuration :-
Move your mouse over "BNPL Configuration" under BNPL menu, now you will get a right sub menu. In that select " Cities" option.
Now you will get the following Cities configuration window.
In the screen go to " Arial Distance Calculation" Group box.
Here Select Your City , where your office located. Coming to me , My office is Yousufguda SO, which in Hyderabad City. So, I have selected my city as Hyderabad.
Next select the city , to calculate distance. Here I am going to calculate distance between Warangal and Hyderabad. So I have selected Warangal. Then click on " Calculate " button.
Now go to " Distance Slab " combo box and select appropriate distance slab.
In this scenario, Warangal belongs to 1-200 slab ( i.e., 137.3 KMs), so I have selected 1-200 slab.
Now go to " Select Cities " checked list box , in that select required city.
Here I have selected "Warangal". and clicked on "OK" button.
Congrats........!!! you have successfully added One city for BNPL booking.
Similarly add all cities, in appropriate distance slab.
Now Supervisor has completed his work. then it's the time of Operator.
Under BNPL menu click on "BNPL Customer - Advance Payment " option.
Now you will get Advance Payment window, which is as follows.
Here select Customer and click on " Fetch Customer Status " button.
Observe the above screen, since it is first time Total Balance in Credit and Outstanding Balance are 0.00(zero rupees)
Now we have to enter Advance payment details. Such as Collected Amount and Cheque particulars. and click on "OK" button.
Then you will get the following Confirmation message.
Now click on "Yes" button. then you will get a message box indicating to make your printer ready to get receipt.
Put your printer ready and click on " OK" button. Now will get you receipt for the transaction. that is as follows.
Get the receipt in Duplicate.
1) Handover one receipt to Customer.
2) One receipt for office records.
Note down the Advance payment particulars in a Ledger. and hand over the following Receipt format and barcode stickers to Customer.
Note:-
* Customer has to fill the receipt with article numbers (Barcodes numbers) , Address details (including pincode), vp amount and weight of the article.
* Customer has to use separate form for distinct cities (Main cities )
* Customer has to bring receipt in triplicate. ( one for customer and two for office use.)
Now Supervisor has to authorize this transaction ; for that do as follows
Under BNPL menu Click on " BNPL Bill Verification " option. then you will get the following screen.
In that select required tab . Here I am selecting "Amount in advance" tab.
Now you will see all Advance payment details of Customer (s).
Select Customer name and click on "OK" button.
(Here supervisor has provision to cancel transaction (s), if there is any mistake.)
Then you will get a verification message box. in that click on " Yes " button.
(If you want to modify payment details click on "No" button.)
Now it is time to book BNPL articles.
BNPL articles booking :-
Login as operator .
Under BNPL menu click on " Collect BNPL Articles with Data Entry " option.
Now you will get the following screen
Here select required Customer and click on "OK" button. Now you will get the following screen.
In the above screen unless you enter (scan ) Article Number remaining options will not be enabled.
Now I have scanned my Article Number, it results all option are enabled and BNPL Customer name also displayed.
Now we have to select article type as follows.
In this scenario I am going to book Express Parcel-VP ( EP-VP), so I have selected that option.
Now we have to select Destination City ( Main city , to where article is sending)
Here I have selected "Warangal", since Addressee belongs to District (main city)
Now we have to select Linked Post office, it is determined by pin code.
Here I have selected " MAHBAD HO ", because my addressee pincode is 506001.
Now we have to Enter Weight of the article and VP value then automatically "Net Pay amount " will be displayed . See the following screen.
Now it is time to enter Addressee particulars.
Now note down the Net pay amount in BNPL receipt( brought by
customer) in respect of postage ( of booked Article Number) . then
Click on "OK" button.
Congrats.............!!! you have successfully Booked on EP-VP.
Similarly book all article( noted in same list ) and note down Net Pay in Postage column.
Then calculate total Postage
For example Total Postage of all Articles (noted in same list) is 450
Now Service tax is 450*12/100 =54
Now Educationsess is 54*3/100 =1.62( rounded to 2)
There fore Grand total = 450+54+2
= 506
Now deduct 506 /- from their ledger and note down outstanding balance on list
Similarly calculate Grand total and note down outstanding balance for all lists
then hand one copy of list (s) to customer.
***Every month end we have to give a statement report to Customer (which shows their outstanding balance. Available in BNPL reports option, before generating Customer report we must do Flush data.)
It is time to dispatch all Booked Articles (EPP'S/ EP-VP'S)
Dispatching EPP'S
First arrange all article destination wise. and click on " Closing of EPP Bags" under Issues menu.
In the next window select office name ( SPC Hub), based on destination and click on Fetch button.
In this scenario my article belongs to Warangal Hub , so I have selected Office name as "Warangal (Hub) (SPC)" and clicked on "Fetch" button.
Now I have clicked on "OK" button. and in the next screen I have scanned my EPP barcode
After completion of article (s) scanning, I have clicked on "Finish" button , which results the following message.
Now I have clicked on "Yes " button to Close bag. Then I have scanned bag barcode ( Yellow color)
and have taken the Main fest report of Bag.
Similarly close All article destination wise and take printout of Main fest of each bag.
Finally take printout of Mail list.
Thus ......you have completed your's Booking and dispatching of EPP's Successfully.........!!!
Login as Supervisor in Speed net
Under BNPL menu select "Customer Details" option.
Now you will get the following
Screen.
Here fill up all details such as Name of the Company, Address, Account Number and Article type etc.
See the following screen for demo.
After completion of feeding Customer details, click on " Agreement " button.
Then you get the following screen, in that enter details such as Memo number , Bill raising office, Agreement date , Expected Business per month and Guarantee amount.
Note: Guarantee amount must be 4 times to Expected Business.
Now click on " Save" button.
Then you will get the following message box
Again you will get a Confirmation Message box. In that click on "Yes" button.
After this stage you should use "Flush data" option. if not Customer (details) will not appear while booking.
Flush Data :-
Under " Master " menu click on " Flush data" option.
Now you will get flush data Screen.
In the screen select " Flush data now " then click on "OK "
Wait few minutes to complete the process.
Congrats...........!!! you have successfully Added one BNPL customer.
BNPL cities Configuration :-
Move your mouse over "BNPL Configuration" under BNPL menu, now you will get a right sub menu. In that select " Cities" option.
In the screen go to " Arial Distance Calculation" Group box.
Here Select Your City , where your office located. Coming to me , My office is Yousufguda SO, which in Hyderabad City. So, I have selected my city as Hyderabad.
Next select the city , to calculate distance. Here I am going to calculate distance between Warangal and Hyderabad. So I have selected Warangal. Then click on " Calculate " button.
Now go to " Distance Slab " combo box and select appropriate distance slab.
In this scenario, Warangal belongs to 1-200 slab ( i.e., 137.3 KMs), so I have selected 1-200 slab.
Now go to " Select Cities " checked list box , in that select required city.
Here I have selected "Warangal". and clicked on "OK" button.
Similarly add all cities, in appropriate distance slab.
Now Supervisor has completed his work. then it's the time of Operator.
Under BNPL menu click on "BNPL Customer - Advance Payment " option.
Now you will get Advance Payment window, which is as follows.
Here select Customer and click on " Fetch Customer Status " button.
Observe the above screen, since it is first time Total Balance in Credit and Outstanding Balance are 0.00(zero rupees)
Now we have to enter Advance payment details. Such as Collected Amount and Cheque particulars. and click on "OK" button.
Then you will get the following Confirmation message.
Now click on "Yes" button. then you will get a message box indicating to make your printer ready to get receipt.
Get the receipt in Duplicate.
1) Handover one receipt to Customer.
2) One receipt for office records.
Note down the Advance payment particulars in a Ledger. and hand over the following Receipt format and barcode stickers to Customer.
Note:-
* Customer has to fill the receipt with article numbers (Barcodes numbers) , Address details (including pincode), vp amount and weight of the article.
* Customer has to use separate form for distinct cities (Main cities )
* Customer has to bring receipt in triplicate. ( one for customer and two for office use.)
Now Supervisor has to authorize this transaction ; for that do as follows
Under BNPL menu Click on " BNPL Bill Verification " option. then you will get the following screen.
In that select required tab . Here I am selecting "Amount in advance" tab.
Now you will see all Advance payment details of Customer (s).
Select Customer name and click on "OK" button.
(Here supervisor has provision to cancel transaction (s), if there is any mistake.)
Then you will get a verification message box. in that click on " Yes " button.
(If you want to modify payment details click on "No" button.)
Now it is time to book BNPL articles.
BNPL articles booking :-
Login as operator .
Under BNPL menu click on " Collect BNPL Articles with Data Entry " option.
Now you will get the following screen
Here select required Customer and click on "OK" button. Now you will get the following screen.
In the above screen unless you enter (scan ) Article Number remaining options will not be enabled.
Now I have scanned my Article Number, it results all option are enabled and BNPL Customer name also displayed.
Now we have to select article type as follows.
Now we have to select Destination City ( Main city , to where article is sending)
Now we have to select Linked Post office, it is determined by pin code.
Here I have selected " MAHBAD HO ", because my addressee pincode is 506001.
Now we have to Enter Weight of the article and VP value then automatically "Net Pay amount " will be displayed . See the following screen.
Now it is time to enter Addressee particulars.
Congrats.............!!! you have successfully Booked on EP-VP.
Similarly book all article( noted in same list ) and note down Net Pay in Postage column.
Then calculate total Postage
For example Total Postage of all Articles (noted in same list) is 450
Now Service tax is 450*12/100 =54
Now Educationsess is 54*3/100 =1.62( rounded to 2)
There fore Grand total = 450+54+2
= 506
Now deduct 506 /- from their ledger and note down outstanding balance on list
Similarly calculate Grand total and note down outstanding balance for all lists
then hand one copy of list (s) to customer.
***Every month end we have to give a statement report to Customer (which shows their outstanding balance. Available in BNPL reports option, before generating Customer report we must do Flush data.)
It is time to dispatch all Booked Articles (EPP'S/ EP-VP'S)
Dispatching EPP'S
First arrange all article destination wise. and click on " Closing of EPP Bags" under Issues menu.
In the next window select office name ( SPC Hub), based on destination and click on Fetch button.
In this scenario my article belongs to Warangal Hub , so I have selected Office name as "Warangal (Hub) (SPC)" and clicked on "Fetch" button.
Now I have clicked on "OK" button. and in the next screen I have scanned my EPP barcode
After completion of article (s) scanning, I have clicked on "Finish" button , which results the following message.
Now I have clicked on "Yes " button to Close bag. Then I have scanned bag barcode ( Yellow color)
and have taken the Main fest report of Bag.
Similarly close All article destination wise and take printout of Main fest of each bag.
Finally take printout of Mail list.
Thus ......you have completed your's Booking and dispatching of EPP's Successfully.........!!!
Frequently asked questions - Mobile Money Transfer Service
Q: In how much time money can be collected at the destination post office?
As soon as the recipient
receives a notification sms with transaction Id and secret code from the
sender, he/she can collect money at destination post office.
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Q: Do I need to go to a specific Post Office to get the money?
You can go to any covered post
office for Cash Out. It is not necessary to go to a particular post
office. All you need to have is the Transaction ID and the Secret Code.
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Q: What is the maximum limit for one transaction in one day?
No limit on the number of transactions. However the minimum amount is 1,000 rupees while the maximum is 10,000 rupees.
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Q: Is there any transaction charges, if yes what are those?
As following:-
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Q: What if the sender/ the recipient does not receive sms notification?
The sender must inform to the Cash In postal assistant regarding this so that he/ she will resend the same.
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Q: In how many days the recipient must collect money at destination post office?
The recipient must collect money within 14 days of transaction.
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Q: What would happen with the money, in case the recipient does not collect it in predefined time?
In case the recipient does not Cash
Out the amount within 14 days, the amount is sent back to the sender and
a ‘Cash In reversal’ SMS with new transaction-id will be sent to
remitter. The remitter can withdraw money within 7 days (prescribed)
after this SMS.
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