Release of Incentive amounts for the L0, L1 and L2 from 18th August, 2018 till 30th April, 2019.

F. No. 1-3/2017-PBI (Pt)
Government of India
Ministry of Communications
Department of Posts
(PBI Division)

Sansad Marg, Dak Bhawan
New Delhi, Dated: 10 May, 2019

To
All CPMsG/PMsG

Subject: Release of Incentive amounts by India Post Payments Bank

Please find enclosed herewith circular IPPB/2019-20/CSMO/01 dated 07.05.2019 regarding release of incentive amounts to End users for work related to IPPB. The incentive qualifiers, basis of incentive calculation and TDS deductions have been elaborated by IPPB vide the above mentioned circular.

It is requested to kindly impart wide publicity to the circular for motivation of the end Users.

Enclosure: As above

Abhishek Jain
ADG (PBJ)

Copy to:

1. Sr.PPS to Secretary (Posts)
2. PS to DG (Posts)
3. PPS /PS to all Members, Postal Services Board
4. AS & FA
5. CGM (BD & M)/CGM (PLI) /CGM (Parcel)/Sr.DDG (PBI)/Sr. DDG (PAF)
6. Director, RAKNPA
7. All GM (Finance)
8. All DDsG/GMs
9. GM (CEPT). Mysore. •with a request lo upload the order on India Post Website.
10. All DAPs
11. CSMO, IPPB
12. Office Copy

India Post
Payment Bank

Circular: IPPB/2019-20/CSM0/01

Dated: 7.5.2019

Subject : Release of Incentive amounts for the L0, L1 and L2 from 18th August, 2018 till 30th April, 2019

“Patience is virtue”
The wait is over, Incentives are here!!

Dear All,

We shall be crediting Incentive amount to our End users in this month (i.e. May 2019). It will give immense boost to our on-field Sales team.

1. Handy Information

a. Incentive Calculation

• Incentives are calculated on the basis of Qualifier given in Table 1.0.

Table 1.0

Incentives: Qualifiers

Savings Account:

A savings account will be recognized and therefore qualifying for Incentive payment provided there is a cumulative credit of Rs.100 within 30 days of account opening.

Therefore a funded account as defined above will qualify for account opening Incentive on fulfillment of either of below mentioned conditions

Linkage of POSA within 30 days of account opening.
OR
Cumulative Revenue Generation of Rs. 30 from transactions within 90 days of account opening.

Current Account:

On Current accounts where the average monthly balance is Rs. 1000 for the period of 3 months beginning with the month in which account is opened.
&
Cumulative revenue generation of Rs. 50 from transactions within 90 days of account opening

• Incentives are calculated for L0,L1 & L2 on the basis of Table 1.1.

Incentives Structure

• Incentives are for time period 18th August 2018 to 31st March 2019 for both acquisitions and transactions.
• Incentives for the month of April,2019 shall be paid later on after 5% TDS deduction. Incentives are for both Acquisitions and Transactions; the incentive amount has been calculated on the basis of incentive structure given in Table 1.1.
• Acquisition incentive as of now is only for Savings accounts only,current account Incentive shall be credited later.
• Transaction Incentive comprises of both Incentive earned on transactions done on Assisted Mode and self-mode.
• In case of counters Incentives are only for Shared counters, no incentives for dedicated counters.
• Incentive will only go to those end users whose IPPB savings account numbers are updated in AMS. Incentives for other end users will be credited in the next monthly cycle after their respective IPPB account detail is updated in the AMS.
• Building on point above we shall urge branches to do the Aadhaar seeding & POSA linkage of IPPB Savings accounts of End users along with the up-dation of same in AMS this will help in Skill India contest.
• Going forward Incentives shall be credited month of month for each preceding month.
• The view of incentive on the CBS and Micro ATM will be the amount accrued for the day and the MTD amount till that day and so on till the end of the calendar month. New cycle will start from the beginning of the next month.

Tax Calculation

• There is a provision of 5% TDS deduction from Incentive amount of end user towards TDS. In case an end user is earning > Rs. 15,000/- in form of Incentives in a•financial year,5% will be retained in the form of TDS and submitted to respective statutory authorities for given financial year & in other cases where the total earnings of the end user are < Rs. 15,000/- in the complete financial year, then the 5% amount retained from the incentives payable of the end user every month wise, the total retained amount will be released into the respective End users IPPB account at the end of financial year.
• In the FY i.e. 2018-19, none of our End Users have earned > 15K in form of Incentives so we will be crediting entire amount to end users without any deduction towards TDS.

Communication

• Each end user will get an SMS upon successful credit of Incentive in their IPPB bank accounts.
• Each Circle will get email communication on details of Incentives.
• Fan-Fare will be created on Social Media handles and communications apps on incentives.
• Detailed end user wise Incentive calculation will be shared with circles for any query resolution and information dissemination further downwards.
• Leaderboards, testimonials and best practices of achievers will be shared.
• End User will be able to check Incentives on Micro ATM and CBS.
• We shall be providing Screen Shots & a small video on How to check Incentives and other functionalities related to Incentives.

Query Resolution

In case of any query or dispute the team need to follow given escalation matrix only

Best wishes for a wonderful year ahead.

Regards,

Sd/- 07/05/2019
Gursharan Rai Bansal
CGM & CSMO

Source: cept.gov.in

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India Post Payment Bank
Project – Micro ATM User Manual

1. Micro ATM

Micro ATM is an Android based application developed to run on handheld device such as Tab / Smartphones with bio metric capability. This application is for User to support customers in doing banking transactions. This will enable field Users to provide services such as customer on boarding, e-­KYC based financial transactions such as Cash Deposit, Cash Withdrawals, Bill payments, Remittances and Non-financial transactions such as Balance enquiry, Account management, Beneficiaries and Standing Instructions.

1.1 Login to Micro ATM

User launches the application and the login screen is displayed. User would be able to login into the application using any one of the two options

Login with User ID + Password,
Login with User ID + Biometric

Enter user id and password sent to User mobile/email after onboarding in AMS
Read and accept the terms and conditions. Tap on the finger print icon and provide fingerprint
Application would validate the fingerprints with Aadhaar database.
After successful authentication, User change password screen will be displayed. Enters default password sent to User mobile/email after onboarding in AMS. Enter new password and confirm new password again and click on change password. Password for the User will get change.

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Cabinet Decision

June 06, 2018

• The revision in the wage structure would entail an estimated expenditure of Rs 1257.75 crore (Non-recurring expenditure – Rs 860.95 crore and Recurring expenditure of Rs.396.80 crare) during 2018-19. 3.07 lakh Gramin Dak Sevaks will be benefitted by this wage revision.

Details:

• Time Related Continuity allowance (TRCA) structure and slabs have been rationalised. The total GDSs have been brought under two categories viz. Branch Postmasters (BPMs) and other thanBranch Postmasters namely Assistant Branch Postmaster (ABPMs).
• The present 11 TRCA slabs will be merged into only three TRCA Slabs with two levels each for BPMs and other than BPMs.
• Introduction of new Time Related Continuity Allowance (TRCA) will be as below:

Cabinet approves Revision in the wage structure and allowances of Gramin Dak Sevaks (GDS) of the Department of Posts (2/2)

• It is decided to continue the calculation of the ex-gratia bonus by applying the calculation ceiling of Rs.7000 as basic TRCA + DA till such time a new scheme is devised.
• Arrears for the period 1.1.2016 to the date of implementation will be paid by increasing the basic TRCA drawn during the period by a factor of 2.57. The arrears will be paid in one instalment.
• Annual increase at the rate of 3% and the same may be given on 1st January or 1st July of every year as the case may be based on the one time written request of GDSs.
• Dearness Allowance will continue to be paid as a separate component, and also revised from time to time whenever it is revised for Central Government Servants.
• A new Riskand hardship Allowance has been introduced. Other allowances Viz. Office maintenance allowance, Combined duty allowance, Cash conveyance charges, Cycle maintenance allowance, Boat allowance and Fixed Stationery Charges have been revised.

Implementation strategy and targets:

The revision would result in improving the wages, allowances and discharge benefits of Gramin Dak Sevaks resulting in providing efficient & cost-effective basic postal facilities in the rural area. The proposed increased emoluments will enable him to improve his socio-economic standing.

Impact:

The Branch Post Offices are the fulcrum for provision of Communications and financial services in the village and are located in remote areas. The Post Master has to deal with large sums while making payments to customers; hence accountability is already built into his work. The enhanced remuneration will increase the sense of responsibility. Moreover, with the roll out of the India Post Payment Bank (IPPB), the CDS network is expected to play a key role in the process of financial inclusion of the rural population.

Background:

The Extra Departmental system in the Department of Posts was established more than150 years ago to provide basic, economical and efficient postal services in the rural areas where there was no justification for engaging full time regular employees. One Lakh Twenty-Nine Thousand Three Hundred forty-six (1,29,346) Extra-departmental Branch post offices are primarily manned by Gramin Dak Sevak Branch Postmasters. In addition, Gramin Dak Sevaks other than Branch Postmasters are also working in Branch, Sub and Head Post offices. The main features of the engagement of Gramin Dak Sevaks are that they work for part time ranging from 3 to 5 hours per day and supplement their income from other vocations so as to have adequate means of livelihood for themselves and their families. They remain in service up to the age of 65 years.

PIB

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India Post Payment Bank

IPPB – Schedule of Charges
(Tariffs are excluding applicable taxes)

All transaction limits set in this Schedule of Charges are applicable subject to the transaction amounts being within regulatory limits for the specified period as prescribed by RBI.

Remittances Charges

These charges are applicable irrespective of the type of Savings account.

The charges are subject to any regulatory changes that might be intimated from time to time

Doorstep Banking Charges

Notes:
1. The above charges are in addition to the transaction charges (e.g. charges for AEPS are not included above). Please refer to the respective sections for transaction charges.
2. The higher of financial and non-financial transaction charges for Doorstep Banking will be levied in case a customer avails both the facilities in a single visit (e.g. if a customer avails cash deposit of INR 10,000 and balance enquiry in a single Doorstep visit) the customer will be charged INR 35 for that visit).
3. Only three transactions are allowed per visit. Fourth transaction would be treated as another visit, and charges would apply accordingly.

Source: http://utilities.cept.gov.in/dop/pdfbind.ashx?id=2348

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