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Archives for May 2019

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Clarification on MACP Benchmark to Railway Employees – RBE No.86/2019

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Clarification on MACP Benchmark to Railway Employees – RBE No.86/2019

Modified Assured Career Progression Scheme (MACPS) for the Railways Employees-Benchmark Regarding – RBE 86/2019

GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
Railway Board

S.No.PC-VIl/138
No. PC-V/2016/MACPS/1

RBE 86/2019
New Delhi, dated 28-5-2019

The General Managers (P)
All Zonal Railways & PUs
(As per mailing list)

Sub:-Modified Assured Career Progression Scheme (MACPS) for the Railways Employees-Benchmark Regarding.

Subsequent to acceptance of the recommendations of 7th CPC by the Government regarding raising the benchmark for performance appraisal for promotion and financial upgradation under MACPS from “Good” to ”Very Good”. Railway Board vide letter dated 19-12-2016 enhanced the benchmark for grant of financial upgradation under MACPS to ”Very Good” tor all posts.

These changes were made effective from 25th July. 2016 i.e. from the date of resolution notified by Department of Expenditure, Ministry of Finance regarding acceptance of the recommendations of 7th CPC.

2. On the demand raised by the Staff Side persistently in all forums including in the National Council (JCM) for revision of enhanced benchmark on prospective basis, the matter has been considered by the Board and it has been decided that APAR grading ”Good” for the period prior to 25-7-2016 i.e. the date from which the new Benchmark was made applicable. may be treated as ··very Good” while considering those cases of MACPS in which APARs for the said period are required to be taken into account.

3. This issues with the concurrence of the Finance Directorate of the Ministry of Railways.

4. Hindi version will follow.

sd/-
(Subhankar Dutta)
Deputy Director, Pay Commission-V
Railway Board

CGEGIS Table 2019: Group Insurance Savings Fund Benefit Table Apr to Jun 2019

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CGEGIS Table 2019: Group Insurance Savings Fund Benefit Table Apr to Jun 2019

Central Government Employees Group Insurance Scheme-1980 – Tables of Benefits for the savings fund for the period from 01.04.2019 to 30.06.2019

No.7(2)/EV/2016
Government of India
Ministry of Finance
Department of Expenditure

New Delhi, the 29th May, 2019

OFFICE MEMORANDUM

Sub : Central Government Employees Group Insurance Scheme-1980 – Tables of Benefits for the savings fund for the period from 01.04.2019 to 30.06.2019.

The Tables of Benefits for Savings Fund to the beneficiaries under the Central Government Employees Group Insurance Scheme-1980, which are being issued on a quarterly basis from 01.01.2017 onwards, as brought out in this Ministry’s OM of even number dated 17.03.2017, for the quarter from 01.04.2019 to 30.06.2019, as worked out by IRDA based on the interest rate of 8% per annum (compounded quarterly) as notified by the Department of Economic Affairs as per their Resolution No. 5(2)-B(PD)/2019 dated 03.04.2019, are enclosed.

2. The Tables enclosed are of two categories as per the existing practice. As hitherto, the first Table of Benefits for the savings fund of the scheme is based on the subscription of Rs.10 p.m. from 1.1.1982 to 31.12.1989 and Rs.15 p.m. w.e.f. 1.1.1990 onwards.

The second Table of Benefits for savings fund is based on a subscription of Rs.10 p.m. for those employees who had opted out of the revised rate of subscription w.e.f. 1.1.1990.

3. While these orders are in respect of Table of Benefits for the period from 01.04.2019 to 30.06.2019, the Tables already issued for the first quarter i.e. for the period 01.01.2019 to 31.03.2019 are also reproduced for the sake of convenience and consolidation.

4. In their application to the employees of Indian Audit and Accounts Department, these orders are issued after consultation with the Comptroller & Auditor General of India.

5. Hindi version of these orders is attached.

sd/-
(Amar Nath Singh)
Director

Early Closure of Delhi Offices: Swearing Of Ceremony of Newly Elected Prime Minister

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Early Closure of Delhi Offices: Swearing Of Ceremony of Newly Elected Prime Minister

Early Closure of Offices in connection with the Swearing Of Ceremony of the newly elected Prime Minister Of India on 30.05.2019

No.12/ 10/2016- JCA
Government of India
Ministry Of Personnel, Public Grievances and Pensions
Department of Personnel Training
Establishment (JCA) Section

North Block, New Delhi – 110 001
Dated-28 May, 2019

OFFICE MEMORANDUM

Subject: Early Closure of Offices in connection with the Swearing Of Ceremony of the newly elected Prime Minister Of India on 30.05.2019.

In connection with arrangements for the Swearing in Ceremony of the newly elected Prime Minister of India On 30.03.2019, it has been decided that the Government offices located in the North Block, South Block, Rail awan, Vayu Bhawan, Senn Bhawan, DRDO and Hutments would be closed arly at 14:00 hours. on 30th May, 2019 (Thursday).

sd/-
(Juglal Singh)
Deputy Secretary (JCA)

RTGS Fund Transfer Timing Extended – RBI Circular on 28.5.2019

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RTGS Fund Transfer Timing Extended – RBI Circular on 28.5.2019

Real Time Gross Settlement (RTGS) System – Extension of Timings for Customer Transactions

Reserve Bank Of India

RBI/2018-19/189
DPSS (CO) RTGS No. 2488/04.04.016/2018-19

May 28, 2019

The Chairman / Managing Director / Chief Executive Officer
of member banks participating in RTGS

Madam / Dear Sir,

Real Time Gross Settlement (RTGS) System – Extension of Timings for Customer Transactions
A reference is invited to circular DPSS (CO) RTGS No.492/04.04.002/2015-16 dated September 1, 2015 on ‘Changes in RTGS time window’ and circular DPSS (CO) RTGS No.1926/04.04.002/2015-16 dated February 4, 2016 on ‘RTGS service charges for members and customers – Rationalization’.

2. It has been decided to extend the timings for customer transactions (initial cut-off) in RTGS from 4:30 pm to 6:00 pm. Accordingly, the RTGS time window with effect from June 01, 2019 will be as under:

Sr. No. Event Time
1. Open for Business 08:00 hours
2. Customer transactions (Initial Cut-off) 18:00 hours
3. Inter-bank transactions (Final Cut-off) 19:45 hours
4. IDL Reversal 19:45 hours – 20:00 hours
5. End of Day 20:00 hours

3.The time-varying charges for transactions in RTGS from 13:00 hours to 18:00 hours shall be ₹ 5 per outward transaction. The time varying charges structure is as under:

Sr. No Time of Settlement at the Reserve Bank of India Time varying charge per outward transaction
(in addition to flat processing charge) (exclusive of tax, if any)
From To
1 08:00 hours 11:00 hours Nil
2 After 11:00 hours 13:00 hours ₹ 2.00
3 After 13:00 hours 18:00 hours ₹ 5.00
4 After 18:00 hours ₹ 10.00

4. This directive is issued under Section 10 (2) read with Section 18 of Payment and Settlement Systems Act 2007 (Act 51 of 2007).

Yours faithfully,
sd/-
(Sangeeta Lalwani)
General Manager (Officer in Charge)

View RBI Notification
What is RTGS? and What is NEFT?
RTGS / NEFT – FAQ

1. What is Inter Bank Transfer?

Inter Bank Transfer enables electronic transfer of funds from the account of the remitter in one Bank to the account of the beneficiary maintained with any other Bank branch. There are two systems of Inter Bank Transfer – RTGS and NEFT. Both these systems are maintained by Reserve Bank of India.
RTGS – Real Time Gross Settlement – This is a system where the processing of funds transfer instructions takes place at the time they are received (real time).

Also the settlement of funds transfer instructions occurs individually on an instruction by instruction basis (gross settlement). RTGS is the fastest possible interbank money transfer facility available through secure banking channels in India.

NEFT – National Electronic Fund Transfer – This system of fund transfer operates on a Deferred Net Settlement basis. Fund transfer transactions are settled in batches as opposed to the continuous, individual settlement in RTGS.

Presently, NEFT operates in half hourly batches currently there are 23 settlements on all working days including working Saturday (Excluding Sundays / Holidays / 2nd and 4th Saturdays): 08.00 AM to 07:00 PM.

The above mentioned facilities are available to both Retail and Corporate Internet Banking users of SBI (provided they have availed transaction rights).

2. What is the minimum/maximum amount for RTGS / NEFT transactions under Retail Internet Banking?

Minimum / Maximum amount for RTGS / NEFT transactions under Retail Internet Banking
Type Minimum Maximum
RTGS Rs. 2 Lakhs Rs. 10 Lakhs
NEFT No Minimum Rs. 10 Lakhs

3. What is the minimum/maximum amount for RTGS / NEFT transactions under Corporate Internet Banking?

Minimum / Maximum amount for RTGS / NEFT transactions under Corporate Internet Banking
Type Minimum Maximum
RTGS Rs.2 Lakhs Rs.50 lakhs for Vyapaar and
Rs.2000 crores for Vistaar
NEFT No Minimum Rs.50 lakhs for Vyapaar and
Rs.2000 crores for Vistaar

4. When does the beneficiary get the credit for a RTGS payment?

Under normal circumstances the beneficiary Bank branch receives the funds in real time as soon as funds are transferred by the remitting Bank. The beneficiary Bank has to credit the beneficiary’s account within two hours of receiving the funds transfer message.

5. When does the beneficiary get the credit for a NEFT payment?

As stated above, NEFT operates in half hourly batches. Currently there are twenty three settlements from 8 am to 7 pm on all working days including working Saturdays. Therefore, the beneficiary can expect to get the credit for the transactions put through between 8 am to 5.30 pm on all working days including working Saturdays on the same day. For transactions settled in the 6.30 and 7 pm batches on all working days including working Saturdays, the credit will be afforded either on the same day or on the next working day.

6. If an RTGS transaction is not credited to the beneficiary account, does the remitter get back the money?

Yes. If the beneficiary’s bank is unable to credit the beneficiary’s account for any reason, the former will return the money to the remitting bank within 2 hours. Once the amount is received by the remitting bank, it is credited to the remitter’s account by the branch concerned.

7. If an NEFT transaction is not credited to a beneficiary account, does the Remitter get back the money?

Yes. If the beneficiary’s bank is unable to credit the beneficiary’s account for any reason, the former will return the money to the remitting bank within 2 hours of completion of the batch in which the transaction was processed. Once the amount is received by the remitting bank, it is credited to the remitter’s account by the branch concerned.

8. At what time during the day/week the RTGS & NEFT services are available?

RTGS transactions are sent to RBI as per the following schedule:
Day Start Time End Time
Monday to Working Saturday 8:00 hrs 18:00 hrs

9. What are the security measures/steps to be adopted while using Mobile Online SBI?

For effecting an RTGS / NEFT remittance the remitter has to furnish the following information:…

10. How to find the IFSC code of the beneficiary branch?

In Onlinesbi, the remitter has the option of selecting the location of the destination Bank Branch in case the IFSC code is not known. If the correct values are selected for Bank, State and Branch, the IFSC code is automatically updated.

11. Do all bank branches in India provide RTGS & NEFT services?

No. RTGS and NEFT services are enabled only in specific bank branches across the country. A list of such RTGS / NEFT enabled branches can be obtained from the RBI website, http://rbidocs.rbi.org.in/rdocs/RTGS/DOCs/RTGEB1110.xls for RTGS and http://www.rbi.org.in/scripts/neft.aspx for NEFT.

12. How do I go about using this service?

Avail Internet Banking facility for your account with transaction rights. Contact your SBI branch for the purpose….

13. What are the service charges applicable for RTGS / NEFT transactions?

Charges for RTGS / NEFT are as listed in the following table:…

14. Whom I can contact, in case of non-credit or delay in credit to the beneficiary account for NEFT transaction?

Please contact your bank/branch or the destination bank/branch or the Customer Facilitation Service Centre of the banks.

Stoppage of Retirement and Death Gratuity to the NPS Subscribers

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Stoppage of Retirement and Death Gratuity to the NPS Subscribers

Extension of benefits of Retirement Gratuity and Death Gratuity to the employees of Autonomous Body/Organisation covered under National Pension System (NPS) – KVS Orders

KENDRIYA VIDYALAYA SANGATHAN (HQ)

18, Institutional Area, Saheed Jeet Sinsh Marg, New Delhi-110016

F.110230(NPS)2018/KVS(HQ)/P&I/2133

Dated: 16.05.2019

The Deputy Commissioner/Director,

Kendriya Vidyalaya Sangathan,

AiLl Regional Offices/ZlETs

Sub:- Extension of benefits of Retirement Gratuity and Death Gratuity to the employees of Autonomous Body/Organisation covered under National Pension system (NPS).

Sir,

I am to inform you that Ministry of HRD, vide letter dated 22.04.2019, has directed KVS for-stoppage of retirement and death gratuity to the NPS subscribers forthwith.

Therefore, death & retirement gratuity and provisional family pension, in terms of CCS (Pension) Rules, 1972, will not be payable to NPS subscriber with effect from 30.04.2019 till further order.

This issues with the approval of the Commissioner, KVS.

Yours faithfully,

sd/-
(A.K. Srivastava)

Assistant Commissioner (Finance)

Observance of “World No Tobacco Day” on 31st May, 2019

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Observance of “World No Tobacco Day” on 31st May, 2019

“Every year 31st May is observed as World No Tobacco Day highlighting the
health and other risks associated with tobacco use, and advocating for effective policies to reduce tobacco consumption”

Office of the CGDA,

Utan Batar Road, Palam,

Delhi Cantt-110010

No. AN/III/3012/Circu1ar/Vol.III

Dated 27.052019.

To,

All PCsDA/PCA (Fys.)/ PIFAs,

CsDA/CsFA (FYS)/ IFAs/ RTCs.

(through CGDA website)

Subject: Observance of “World No Tobacco Day” on 31st May, 2019.

Please find enclosed a copy of DO No. z-16016/02/2019-TC dated 8th May 2019 from Secretary, Government of India, Department of Health and Family Welfare on the subject for information and compliance.

Every year 31st May is observed as World No Tobacco Day highlighting the
health and other risks associated with tobacco use, and advocating for effective policies to reduce tobacco consumption. This year, the theme of World No Tobacco Day 2019 is “Tobacco and lung health”.

It is requested to organize a session to sensitize officials about the harmful effect of tobacco use alongwith a pledge ceremony on 31st May 2019 on the occasion of ‘World No Tabacco Day’. A copy of pledge is enclosed.

sd/-
(MUSTAQ AHMAD)

sr. Dy. CGDA (AN)