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Products Through Post Offices

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Products Through Post Offices

The Department of Posts has signed agreements with financial institutions including many other organisations to sell their products through Post Offices in the country. List of products sold at national level is as given below.


Name of Company/Financial Institution

Description of product/service


Western Union Money Transfer

International money transfer to India


UTI Mutual Funds

Sale of UTI Mutual Funds through post offices


Pension Fund Regulatory & Development Authority 

Point of Presence for National Pension Scheme Accounts


M/s Nirmal Packaging Systems

Sale of Corrugated boxes and Paper board envelops.


M/s  Narsingh Dass & Co.

Sale of Tyvek Envelops


Ministry of Railways

Booking/cancellation of Railway Reservation Tickets under PRS Scheme


CBOP( Now merged with HDFC Bank)

Sale/Purchase of foreign exchange


Reliance Money Infrastructure Limited

Sale of Gold Coins



Sale of recharge coupons Sancharnet Cards etc.


India Post SBI tie-up

Department sells assets and liability products of SBI through identified postal outlets.


NABARD-SHG linkage scheme

India Post has entered into a tie-up with NABARD to disburse micro credit to women self help groups (SHGs) on pilot basis.

The Central and State Governments take various measures from time to time to promote and popularize small saving schemes through print and electronic media as well as holding seminars, meetings and providing training to various agencies involved in mobilizing deposits under the schemes. As part of this ongoing exercise, Government has taken following steps to make the small savings schemes more attractive and investor friendly:-

-Introduction of Bonus at the rate of 5% on the deposits made under Post Office Monthly Income Account (POMIA) Scheme on or after 8th December, 2007 upon the maturity of the deposit.

-The benefit of Section 80C of the Income Tax Act, 1961 has been extended to the investments made under 5-Year Post Office Time Deposits Account and Senior Citizens Savings Scheme, with effect from 01.04.2007.

-With effect from 1.8.2007, the maximum deposit ceilings of Rs.3.00 lakh and Rs.6.00 lakh under the Post Office Monthly Income Account (POMIA) Scheme has been raised to Rs.4.50 lakh and Rs.9.00 lakh in respect of single and joint accounts respectively.

-The penalty on pre-mature withdrawal of deposits under the Post Office Monthly Income Account (POMIA) scheme has been rationalized from 3.5% to 2% on withdrawal on or before expiry of three years and 1% on withdrawal after expiry of three years.

-All categories of pensioners have been allowed to open and maintain ‘Pension Account’ under Post Office Savings Account Rules, with effect from 11th July, 2007.

-The restriction on opening of more than one account during a calendar month under the Senior Citizens Savings Scheme has been removed with effect from 24th May, 2007.

-Opening of “Zero deposit/Zero Balance” accounts for workers employed under NREG Act, under Post Office Savings Account Rules, with effect from 26th August 2008.

-Opening of “Zero deposit/Zero Balance” accounts for Old Age Pensioner Account under Indira Gandhi Old Age Pension Scheme, Widows Pensioner Account under Indira Gandhi National Widow Pension Scheme and Disabled Pensioner Account under Indira Gandhi National Disabled Pension Scheme with effect from 13th October 2009.

-National Savings Institute, a subordinate organization under the Department of Economic Affairs (Budget Division) also maintains its web site i.e nsiindia.gov.in in collaboration with National Informatics Centre to facilitate interface with the public through wider dissemination of information on small savings and on-line registration and settlement of investor’s grievances.

This information was given in written reply to a question in Lok Sabha today by Shri Gurudas K amat, the Minister of Communications and Information Technology.

Revision of Fixed Monetary compensation (FMC) to delivery staff and remuneration to other staff

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The Department has issued orders regarding the enhancement of the Fixed Monetary

Compensation (FMC), admissible to the Postmen staff and Holiday monetary Compensation payable to Postmen and other Departmental Staff, brought on duty on Holidays. The order is given below:

File No. 10-7/2001-P.E.II
Government of India
Ministry of Communications & IT
Department of Posts
(Establishment Division)

Dak Bhawan Sansad Marg New Delhi – 110001
Dated the 24-11-2010

Chief Postmaster General
Postmaster General
General Managers (Finance)
Director of Accounts Postal

Subject: - Revision of Fixed Monetary compensation (FMC) to delivery staff and remuneration to other staff.


I am directed to refer to Directorates letter of even number dated 4-9-2002 and 28.1.2003 on the above subject.

2. The Department has received a number of references from the staff Associations requesting for upward revision of fixed Monetary compensation (FMC) admissible to Postmen staff. A Committee of Senior Officers was constituted for looking into the issue and the report of the Committee has been examined carefully in consultation with integrated Finance wing and the Competent Authority has ordered enhancement of the Fixed Monetary compensation (FMC) admissible to Postmen staff. The details are as under:

1.When One Postman performs duty of an absentee Postman by combination of duties from Rs.29 per day revised to Rs.50 per day
2. When two Postmen perform duty of an absentee Postman by sharing the beat from Rs.14 per day revised to Rs.24 per day

3. The competent Authority has also ordered fixation/revision of Holiday Monetary Compensation payable to Postmen Staff and other Departmental staff brought on duty on 2nd consecutive Holiday if three consecutive holidays occur as shown under:
Remuneration to
1.for Supervisor Rs.85 per holiday for 4 hours
2.for Postal Assistant Rs.85 per holiday for 4 hours
3.for Postmen/Sorting Postmen Rs.85 per holiday
4.for Multi tasking staff Rs.60 per holiday for 4 hours

4. All other conditions for payment of Fixed Monetary compensation (FMC) issued vide OM No.10-23/87-PE.I dt. 21.12.93 and delivery of Unregistered letters on holidays issued under 9-25/92-CI dt. 10.9.92 will remain unchanged.

5. The Expenditure on account of revision has to be met from the allocated funds of the units under the prescribed Head of account.

6. These orders will take effect from the date of issue.

7. This issues in concurrence with the Integrated Finance Wing vide their diary number 286/FA/10/CS dated 24.11.2010.

(K. Rameswara Rao)
Asst. Director General (Estt)


Communicating tentative reasons for disagreement under rule 15(2) of the CCS (CCA) Rules, 1965

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F.No.11012/12/2010-Estt. (A)
Government of India
Ministry of Personnel, Public Grievances and Pensions
(Department of Personnel & Training)

North Block,
New Delhi
Dated the 12th November, 2010


Subject : Communicating tentative reasons for disagreement under rule 15(2) of the CCS (CCA) Rules, 1965.


The undersigned is directed to say that rule 15(2) of the Central Civil Services (Classification, Control and Appeal) Rules, 1965 states that 'The Disciplinary Authority shall forward or cause to be forwarded a copy of the report of the inquiry, if any, held by Disciplinary Authority or where the Disciplinary Authority is not the Inquiring Authority, a copy of the report of the Inquiring Authority together with its own tentative reasons for disagreement, if any, with the findings of Inquiry Authority on any article of charge to the Government Servant who shall be required to submit, if he so desires, his written representation or submission to the Disciplinary Authority within fifteen days, irrespective of whether the report is favourable or not, to the Government Servant.

2. The necessity of following the aforementioned rule 15(2) both in letter and spirit is reiterated. The communication forwarding the I0's report alongwith the 7 tentative reasons for disagreement, if any, seeking comments / representation of the Charaed officer should reflect this position. All Ministries / Departments are, therefore, requested to ensure that the communication forwarding 'the I0's report etc. does not contain phrases such as 'Article of charge is fully proved' or 'Article of charge is fully substantiated' which could be construed to mean that the disciplinary authority is biased even before considering the representation of the charged officer and this would be against the letter and spirit of the CCS (CCA) Rules, 1965.

3. Ministry of Finance etc. may bring the contents of the above OM to the notice of all concerned.

(A. Balaram)
Deputy Secretary to the Government of India

Download the order - www.persmin.nic.in

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