e-Passbook facility w.e.f. 12.10.2022 provide simplified and enhanced digital facilities to National Small Savings Schemes account holders

SB Order No. 19/2022

F. No. FS-13/7/2020 -FS
Government of India
Ministry of Communications
Department of Posts
(Financial Services Division)

Dak Bhawan, New Delhi – 110001
Dated: 12.10.2022

To,

All Head of Circles/Regions

Subject: Introduction of e-Passbook facility for National (Small) Savings Schemes account holders.

Sir/Madam,

The competent authority has decided to introduce e-Passbook facility w.e.f. 12.10.2022 in order to provide simplified and enhanced digital facilities to National (Small) Savings Schemes account holders.

2. With introduction of the facility, Post Office Small Savings customers will be able to access the account details anytime, anywhere and without the need of having Net Banking or the Mobile Banking access. e-Passbook facility can be accessed by an account holder through the registered mobile number. The service will be available free of cost.

3. Facilities available under e-Passbook will be as follows:

4. The link for e-Passbook is made available on India Post website (at link Post Office Saving Schemes) and IPPB website www.ippbonline.com. The facility will also be made available in PostInfo App subsequently. Account holders may follow the process outlined below to use this facility:

Department of Posts – Dearness Allowance to Central Government employees – Revised Rates effective from 01.07.2022 PDF

Click on e-Passbook link provided on www. indiapost.gov.in or www. ippbonline.com.

• Enter mobile number and CAPTCHA -> Login -> Enter OTP -> Submit
• Select e-Passbook
• Select Scheme Type, Enter account number, registered mobile number and CAPTCHA -> Continue -> Enter OTP -> Verify
• Select option
  (a) Balance Enquiry
  (b) Mini Statement
  (c) Full Statement
• Balance or Mini Statement or Full Statement will be displayed based on the service chosen by customer. Mini Statement and Full Statement can also be downloaded if required.

Note: If the entered mobile number is not linked with the account, system will throw appropriate error message. In such cases account holders are requested to link mobile number to their accounts by visiting the post office where the account stands.

Post office Bank IFSC code for NEFT and RTGS

5. It is requested to circulate this to all concerned for information, guidance and necessary action. Adequate promotion of this functionality is to be done and the same may also be placed on notice board of the post office(s).

6. Hindi version will be issued in due course.

7. This is issued with the approval of the Competent Authority.

Yours Faithfully

(Devendra Sharma)
Assistant Director (SB-II)

Download Introduction of e-Passbook facility for National (Small) Savings Schemes account holders PDF

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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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F. No. 1/3/2017-NS
Ministry of Finance
Department of Economic Affairs
(Budget Division)

North Block, New Delhi
Dated: 3 .8.2017

Office Memorandum

Subject: Payment of interest and maturity value of Small Savings Instruments through Savings Account.

The undersigned is directed to refer to DoP’s letter No. 113-02/2015-SB dated 7.6.2017 on the subject and to state that the matter has been examined in this  Department and the following decisions have been taken:

(i) Accounts for the purpose of crediting interest/maturity value of all accounts of all Small Savings Instruments [except existing Post Office Savings Account (POSA)] and Small Savings accounts already linked to POSAS as on 31.7.2017 shall be Opened automatically as Basic Savings Account (zero balance account) with Specific coding “Interest and maturity value of Small Savings Instruments“.

However, only one basic savings account shall be opened for one person and it shall be linked with CIF or/and Aadhaar. These are not normal POSA accounts, as these can be opened on zero balance for purposes such as MGNREGS etc. Interest on these accounts with this coding will be paid at POSA rates. Since some movement to Senior Citizens’ Welfare Fund (SCWF) could happen from these Basic Savings (Zero Balance) accounts with coding “Interest and maturity value of Small Savings Instruments”, DoP may make suitable electronic tracking of the maturity date of various instruments credited into this account, in order to move correct amounts to SCWF on appropriate dates.

(ii) The Department of Posts shall not open normal Post Office Savings Accounts only for the purpose of crediting interest/maturity value of Small Savings Instruments even if the customer is willing to do so.  Interest/maturity value has to be credited to a Basic Savings Account only.

(iii) No agency charges shall be paid by the Ministry of Finance for such Basic savings accounts “opened for crediting interest and maturity value of Small Savings instruments, as these are opened only for administrative ease.

(iv) The client may be kept informed of the movement of amounts into Basic Savings account at the time of maturity. These facilitate electronic transactions and discourage cash transactions. The client can withdraw the amount through ATM cards and need not approach the office for withdrawal.

(v) As soon as Reserve Bank of India permits NEFT and RTGS facility to DoP with other banks, Department of Posts shall credit interest and maturity value of instruments into ‘the savings account of the customer’s choice’ through these electronic modes, irrespective of whether that savings account is with DoP or any other bank. The need of opening Basic Savings Account would cease in those cases where the depositor has an existing saving account with a Bank.

2. This has the approval of Joint Secretary (Budget).

sd/-

(Padam Singh)

Sr. Regional Director (NS)

Source: dea.gov.in

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