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kalahandipost.blogspot.com is not the official website of kalahandi postal division. It is just a private initiative to make the people aware about different postal product and services.All content displayed here are contributed by user and collected from different open sources. We do not claim any accuracy or originality of content.All pages you visit through the hyper link may have different privacy policy.we will not be liable for any losses, injuries or damages arising from its display or use.

POST OFFICE SAVINGS: AN ALTERNATE INVESTMENT AVENUE FOR THE RISK-AVERSE INVESTOR

Setting aside money in post office deposits are generally considered by many to be an extremely traditional way of saving cash. 

However, over the last few years, post offices in India are more or less operating like any other commercial bank offering a wide range of savings, deposits and long-term investment plans to retail investors. 

Besides the regular savings and recurring deposits, investors can choose from the multiple risk–free options that post offices offer, right from term deposits for the salaried class to senior citizens looking to receive moderate returns on their life savings.Let’s take a look at some of the post office offerings, features, and benefits to investors.

Posting in IP Cadre in Berhampur Region

The following Postal Assistants came out successful in Limited Departmental Competitive Examination for promotion to the cadre of Inspector Posts for the year 2015-16 held on 22nd & 23rd October, 2016 vide Department of Posts (DE Section) Letter No.A-34013/05/2016-DE dated 21-06-2017 and allotted to Berhampur Region vide Circle Office Memo No.ST/20-9/2017 dated 30-06-2017 are posted as mentioned below vide RO, Berhampur Memo No.ST/11-20/2017 Ch-II dated 05-07-2017:-
Sl. No.
Name
Division
Place of Posting
1
Lingaraj Pradhan
Berhampur
IP, Umerkote Sub-Divison under Koraput Division
2
Sukesh Sahu
Aska
IP, Boudh Sub-Division under Phulbani Division
3
Rajibendra Panda
Koraput
IP, Nuapada Sub Division under Kalahandi Division
4
Amaresh Pattnaik
Aska
IP, Kesinga Sub Division under Kalahandi Division
5
Bijay Nayak
Puri
IP, Parlakhemundi East Sub-Division, under Berhampur Division

Aadhaar Card Needs Corrections ? Head to Your Nearest Post Office ! Here’s What You Can Do.

Aadhaar holders can now get their UID numbers corrected or updated through post offices.
Entering into an Memorandum of Understanding (MOU) with India post, the Unique Identification Authority of India (UIDAI) has propelled this facility under which updates about Aadhaar can be accessed at post offices.

For the post-enabled application of change request, you will need to download the update/correction form. Data like name, address, mobile phone number, gender and date of birth can be modified.You can make a maximum of four change requests with your Aadhaar.

At the inaugural event at Bengaluru GPO on Friday, Pronab Mohanty, who is UIDAI’s deputy director general said the Authority was done with most of the enrolments in the country and will now focus on its upgradation.


 Updates for Aadhaar at post offices will help common man as the spread of the post offices is good, which do have suitable IT infrastructure as well.With the largest postal network in the world, the new provision enabled by UIDAI will help in reaching out to Aadhaar holders across the country which has around 1,39,182 post offices in the rural areas.

Constitution of the Committee to review the Cadre restructuring orders of Postal Group-c employees

No.25-04/2012-PE-I
Government of India
Ministry of Communications & IT
Department of Posts
(PE-I Section)
Dak Bhawan, Sansad Marg
New Delhi-110 001
Dated: 16th June, 2017
Sub: Constitution of the Committee to review the Cadre restructuring orders of Postal Group-c employees 
            Approval of the Competent Authority is hereby  conveyed for the constitution  of a Committee consisting of the  following  members to examine the issues arising out of implementation of Cadre  restructuring  orders of Postal Group-C employees issued vide this office letter of even number dated 27.05.2016. 
Name
Designation
1. Shri Charles Lobo, CPMG Karnataka Circle
Chairman
2. Ms. Smrit Sharan, DDG (Establishment)
Member
3.  Shrri JT Venkateswarlu, PMG, Mails & BD, Chennai
Member
4.  Shri Ganeshan V Sawaleshwarkar , PMG , Pune Region.
Member
2.         The Committee will submit its report /recommendations with in 2 months from the date of its constitution.
3.         Further, it is to mention that the orders of Cadre restructuring issued vide this office letter of even no. dated 27.05.2016 will remain in force till further orders.
4.         The relevant material is enclosed  herewith
                                                                                                     Sd/-
                                                                                                   (Tarun Mittal)
                                                                                    Assistant Director General (PE-I)
To
            1. Shri Charles Lobo, CPMG Karnataka Circle    
            2. Ms. Smrit Sharan, DDG (Establishment)
            3.  Shrri JT Venkateswarlu, PMG, Mails & BD, Chennai
            4.  Shri Ganeshan V Sawaleshwarkar , PMG , Pune Region.

Copy for information to:
1. PPS to Secretary (P)
2. PPS to Member Marketing & BD/Member (Planning)/
Member (Technology)/Member (P)/Member (Operations)/Member (PLI)

WITH INTEREST RATES ON BANK DEPOSITS FALLING, HERE’S WHERE YOU CAN INVEST FOR HIGHER RETURNS

While bank fixed deposit rates are trending down, interest rates of small savings scheme continue to remain high. Small savings rates are reset by the government every quarter depending on the bond yield. Though bond yields have declined almost 65-100 basis points since April 2016, the government has not reduced the rates of small savings to the same extent.
Small savings is one of the most preferred investment options for risk-averse investors and many people depend on these instruments to generate income. As the interest rates are reset every quarter, the next round will be in March and the new rates will be applicable from April.

Public Provident Fund
Public Provident Fund (PPF) remains the most preferred option for individuals. The current interest rate of PPF is 8%. In fact, rate on bank fixed deposit with matching tenure is around 6.5%. A resident Indian can open a PPF account and the subscriber can even open another account in the name of minors, but the maximum investment limit will be R1.5 lakh by adding balance in all accounts.
With Falling Interest Rates On Bank Deposits, Here's Where You Can Invest For Higher Returns

Deposits made under PPF qualify for deduction from income under Section 80C of the I-T Act, where the ceiling is R1.5 lakh a year. The PPF account matures after 15 years and can be renewed every 5 years thereafter. Analysts say individuals should invest in PPF as it builds a tax-free retirement corpus.
The government has also relaxed the norms for premature withdrawal of the PPF account deposit for reasons such as higher education or treatment of serious ailments. The premature withdrawal will, however, be allowed only after the subscriber’s deposit scheme account has completed five years.
In fact, PPF is meant for those people who do not have any investment plans for their retirement like self employed and professionals as compared with the salaried class who contribute to Employees’ Provident Fund. Non-residents, however, cannot open a new account, but can continue their existing accounts till its maturity, without extensions. While premature closure of account is not allowed, one can withdraw money every year from seventh financial year from the year of opening the account.

Sukanya Samriddhi Account
Sukanya Samriddhi Account (SSA) enables parents of girl child to build a corpus for her education and marriage expenses. The account can be opened with a minimum deposit of R1,000, after which the guardian can deposit any amount in multiples of R100. The upper limit of deposit in a financial year is R1.5 lakh. Like PPF, an individual who invests in SSA will get tax deduction at the time of investment every year and even the returns generated will be tax-free. The current interest rate on SSA is 8.5%.

Post office deposits and NSC
The current rate of one-year post office term deposit rate is 7%. Similarly, the five-year post office term deposit rate is 7.8%. In contrast, the rate on bank fixed deposit with matching tenure is 6.5%. The three-year post office deposit rate is 7.3%. The five-year fixed deposit will fetch 7.9% as against 8.5% at present. However, the interest amount earned is taxable according to the individual’s income tax slab.

The interest rate on five-year National Savings Certificate (NSC) is 8%. An individual can invest as minimum as R00 and there is no maximum limit for investment under NSCs. One can use NSCs as collateral to get loans.

Source- The Financial Express

India Post Payments Bank (IPPB) Interim MD and CEO Appointed


ACCEPTANCE ARTICLE WITH VOLUMETRIC WEIGHT