In a memorandum dated September 14, 2023, from the Ministry of Communications, Department of Posts in India, the creation of 60 new postal sub-divisions has been approved. The primary objective behind this move is to facilitate the provision of … [Continue reading] about Approval of Postal Sub-Divisions for Village Banking – DOP
This communication from the Government of India, Ministry of Communications, Department of Posts, clarifies the operation of Sukanya Samriddhi Account (SSA) in cases where the gender of the girl child in whose name the account was opened undergoes … [Continue reading] about SSA Operation in Cases of Gender Change – DOP
The Directorate of Postal Life Insurance (PLI) and Rural Postal Life Insurance (RPLI) has issued a clarification regarding the promotional, incentive, and monitoring structure of PLI/RPLI. The clarification, in response to a letter from the National … [Continue reading] about Clarification on Promotional and Incentive Structure for PLI/RPLI
The SB Order No. 18/2023, issued by the Ministry of Communications, Department of Posts, outlines a Standard Operating Procedure (SOP) for handling and processing payments related to Post Office Savings Bank (POSB) accounts and certificates that were … [Continue reading] about SOP for Non-Migrated Certificates in Finacle CBS
The Pension Fund Regulatory and Development Authority (PFRDA) has issued Circular No: PFRDA/2023/27/Sup-CRA/08 on 22nd September 2023, addressing all NPS stakeholders and government sector subscribers. The circular introduces the NPS Tier II Default … [Continue reading] about Introducing NPS Tier II Default Scheme – PFRDA