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.

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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:

1. Check SOL Date status (HSSI)
2. Teller Cash Positions
3. Open Cash transactions (HOCST)
4. Open Transfer Transactions(HOXFT)

DAY END:

1. EOD blocking validations check
2. Teller Cash Positions
3. Close Cash transactions(HCCST)
4. Close Transfer transactions(HCXFT)
5. Initiate day end (HISCOD)
6. INVENTORY MAINTENANCE(CHQ,Certificates)

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Revision of Fixed Stationary Charges (FSC) for Post Offices, SBCO in HOs and IP/ASP

Revision of Fixed Stationary Charges (FSC) for Post Offices, SBCO in HOs and IP/ASP

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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

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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

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The Seventh Central Pay Commission Commission - Revised Pay Rules, 2016

CLICK HERE TO DOWNLOAD REVISED PAY RULES OF SEVENTH PAY COMMISSION.

Central Civil Services (Revised Pay) Rules, 2016 notified in Gazette

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