Revision of interest rates for Small Savings Schemes to be effective from third quarter of Financial Year 2016-17

01/09/2016

Revision of interest rates for Small Savings Schemes to be effective from third quarter of Financial Year 2016-17

Revision of interest rates for Small Savings Scheme from 1st Oct, 2016 to 31st Dec, 2016

Instruments	Rate of interest  w.e.f. 01.07.2016  to 30.09.2016	Rate of interest  w.e.f. 01.10.2016  to 31.12.2016	Compounding  frequency*
Saving Deposit	4.0	4.0	Annually
1 Year Time Deposit	7.1	7.0	Quarterly
2 Years Time Deposit	7.2	7.1	Quarterly
3 Years Time Deposit	7.4	7.3	Quarterly
5 Years Time Deposit	7.9	7.8	Quarterly
5 Years Recurring Deposit	7.4	7.3	Quarterly
5 Years Senior Citizens Savings Scheme	8.6	8.5	Quarterly and paid
5 Years Monthly Income Account Scheme	7.8	7.7	Monthly and paid
5 Years National Savings Certificate	8.1	8.0	Annually
Public Provident Fund Scheme	8.1	8.0	Annually
Kisan Vikas Patra	7.8  (will mature in  110 months)	7.7 (will mature in  112 months)	Annually
Sukanya Samriddhi Account Scheme	8.6	8.5	Annually

Source : http://finmin.nic.in/the_ministry/dept_eco_affairs/budget/Revision_IR_SSShemes29092016.pdf

தேசிய அஞ்சல் ஊழியர் சங்கத்தின் (FNPO P3) அகில இந்திய மாநாடு திருவனந்தபுரத்தில் (கேரளா) 05.02.2017 முதல் 07.02.2017 வரை நடைற உள்ளது

Clarification on GDS Dharna

Some of the colleagues have given propaganda that SGFNPO & G.S NUGDS joined with the hands NFPE on GDS issues.  Their statement is wrong. We have not joined hands with any one.

The programme of PJCA is common whenever necessary. This is the practice for the last 14 years .

We do not want to explain more in this regard through website. FNPO & NUGDS join agitational programme with NFPE on 03/10/2016 as the situation warrants.

I appeal to FNPO colleagues to organize the following PJCA programme.

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30/09/2016

 I. Today SGFNPO, Present FNPO, NUGDS, General Secretary and Deputy General Secretary of NUGDS met with Chairman GDS Committee during the meeting Secretary GDS Committee also present, the following points were discussed-

 1.  GDS pay shall be fixed by multiplying by 3.25 factor.

 2.  Gratuity as per the provisions of Gratuity act 1972 has to be paid to the GDS on discharge.

 3.  The present pension scheme is not at all attractive not beneficial to the GDS. GDS should be allowed to join NPS.

 4.  Provisioning of medical facilities to the GDS.

 5.  10% reservation in PA cadre during recruitment.

 6.  Maternity grant for women GDS.

 7.  Rationalisation of categories of GDS staff.

 8.  Assessment of workload of GDS post through point system.

 9.  Uniform TRCA.

 10. Incentive for works over uniform TRCA.

 11.Improving accommodation for Branch Post Office.

 12. RMS GDS should be observed as MTS in one time measure.

 More details will be posted our website shortly.

  II.Today SG FNPO, President FNPO, NUGDS General Secretary& DGS NUGDS met the following officers.

Chairman Postal Board. Director General &DDG. (est).

Outcome of the meeting.

1. GDS Bonus: GDS Committee recommended revision of bonus ceiling from 3500 to 7000 as in the case Departmental employees. DDG sent the file to JS&FA for approval after this it will go to  Chairman Postal Board for final approval let us hope for the best within two days.

 2. Cadre Restructuring for RMS, Circle office& SBCO:  File has been sent for approval to the Communication Minister.

 3. MMS Cadre Restructuring: DOP&T raised some doubts this will be cleared by the Department next week.

  4. Postman Recruitment: Department decided to cancel the earlier examination final decision has to be taken.

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Grant of enhanced bonus to GDS and payment of revised wages of casual labourers – agitational programmes culminating in two days nationwide strike on 9th & 10th November 2016 – Serving of notice – regarding
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