Contact details of all CPCC Bank Branches – LIST OF CPPCs

Central Pension Accounting Office(CPAO) published a detailed list of CPCC Bank Branches and their address, email and phone numbers. We reproduced and given below for your information…

LIST OF CPPCs

Sl.  No.	Name of the CPPCs	CPPCs Address	E-mail Address	Contact Numbers
1	SBI, Gujarat	State Bank of India (CPPC) 6 th floor, Gandhinagar Zonal office Opp. New Sachivalaya,Sector 10-B Gandhinagar (Gujarat) – 382010	cmcppc.zoahm [@] sbi.co.in	PH: 079-23245511-15
2	SBI, Karnataka	State Bank of India (CPPC) 12/13, Lakshmayya Layout Ganganagar (North) Banglore (Karnataka) – 560024	cppc.bangalore [@] sbi.co.in	PH: 080-25943661/62
3	SBI, M.P.	State Bank of India (CPPC) SBI Govindpura Branch Premises, Govindpura, BHEL, Bhopal (M.P.) – 462011	sbi.04467 [@] sbi.co.in	PH: 0755-4206745/2600836
4	SBI, Odissa	State Bank of India (CPPC) 161/162, CSD Building, Bomikhal,Puri- Cuttack Road, Bhubaneswar (Odissa) – 751006	cmcppc.zobhu [@] sbi.co.in	PH: 0674-2572950/ 2572170
5	SBI, Haryana	State Bank of India (CPPC) Administrative Office Building, 2 nd floor, Plot No.-I/2, Sector- 5, Panchkula (Haryana) – 134109	sbi.04469 [@] sbi.co.in	PH: 0172-4569231/ 2570755
6	SBI, Chennai	State Bank of India (CPPC) 112/4, KalimmanKoli Street, Virugambakkam, Chennai -600092	cppc.zoche [@] sbi.co.in	PH: 044-23772754/55
7	SBI, Delhi	State Bank of India (CPPC) SBI ChandniChowk Branch Premises, 2 nd floor, ChandniChowk, Delhi – 110006	sbi.04475 [@] sbi.co.in	PH: 011- 23888324, 23888301(AGM) 23888327, 23888309/302
8	SBI, Assam	State Bank of India (CPPC) 6 th floor, Sethi Trust Building, G.S. Road, Bhangagarh, Guwahati (Assam) – 781005	cppc.zoguw [@] sbi.co.in	PH: 0361-2463104
9	SBI, Andhra Pradesh	State Bank of India (CPPC) 1/7/387, GNR Heights, 1 st floor, Murshidabad Main Road, Opp. Guru Nanak Care Hospital, Hyderabad (Andhra Pradesh) – 500020	sbi.04472 [@] sbi.co.in	PH: 040-27670149
10	SBI, West Bengal	State Bank of India (CPPC) 7 th Floor, Block-c, Samridhi Bhavan-1, Strand Road, Kolkata (West Bengal) – 700006	sbi.04473 [@] sbi.co.in	PH: 033-22570827
11	SBI, Uttar Pradesh	State Bank of India (CPPC) Sector – 1 Jankipuram, Lucknow (U.P.) – 226021	cppc.04474 [@] sbi.co.in	PH: 0522-6542211
12	SBI, Mumbai	State Bank of India (CPPC) 5 th floor Premises No. T-651 & T-751, I.T.C. Belapur, CBD Belapur Railway Station Complex, Navi Mumbai– 400614	cppc.mumbai [@] sbi.co.in	PH: 022-27574786/ 27565475
13	SBI, Bihar	State Bank of India (CPPC) 4 th floor, Administrative Building, Judges Court Road, Patna (Bihar) – 800001	sbi.04476 [@] sbi.co.in	PH: 0612-2677570/ 6451436
14	SBI, Kerala	State Bank of India (CPPC) GanpathyKovil Road, Vazhuthankadu, Thiruvananthapuram (Kerala) – 695014	cppc.zotri [@] sbi.co.in	PH: 0471-2326986/87
15	Allahabad Bank Uttar Pradesh	Allahabad Bank CPPC, 3 rd floor, Zonal Office, New Building, Hazaratganj, Lucknow (U.P.)- 226001	cppc [@] allahabadbank.in	PH: 0522-2286489
16	Andhra Bank, Andhra Pradesh	Andhra Bank (CPPC) Head Office, Andhra Bank Building, 5 th floor, Koti, Sultan Bazar, Hyderabad (Andhra Pradesh) – 500195	abcppc [@] andhrabank.co.in	PH: 040-24757828 / 24757153
17	Bank of Baroda New Delhi	CPPC, Bank of Baroda 13 th floor, Buliding 16 Parliament Street New Delhi- 110001	cppc.ho [@] bankofbaroda.co.in govtbusiness.ho [@] bankofbaroda.com gb.delhi [@] bankofbaroda.com	Chief Mgr.(Baroda) -0265-2225899
18	BOI, Maharashtra	Bank of India (CPPC) Bank of India Building, 87-A, 1 st floor, Gandhibaug, Nagpur (Maharashtra) – 440002	cppc.nagpur1 [@] bankofindia.co.in ho.gbd [@] bankofindia.co.in headoffice.gov [@] bankofindia.co.in	SK Ganju(GM) – 022-66684471 PH: 0712-2764341/ 2764091-95
19	Bank of Maharashtra, Maharashtra	Bank of Maharashtra (CPPC) 1177, 2 nd Floor, BudhwarPeth, Janmangal, Bajirao Road, Pune (Maharashtra) – 411002	bom1407 [@] mahabank.co.in	Ms. Kuber (Mgr)- 022-24467937/38
20	Canara Bank Karnataka	Canara Bank (CPPC) Chitrapur mutt complex, 15 th cross malleswaram Bangalore, (Karnataka) -560001	cppc [@] canarabank.com	PH: 080-25596693
21	Central Bank of India, Maharashtra	Central Bank Of India (CPPC) 2 nd floor, MMO Building M.G. Road, Fort, Mumbai (Maharashtra) – 400001	cmcppc [@] centralbank.co.in cppc [@] centralbank.co.in	PH: 022-22703216/17
22	Corporation Bank Karnataka	Corporation Bank (CPPC) Pandeshwar, Mangladevi Temple Road, Manglore (Karnataka) – 575001	hogovt [@] corpbank.co.in	PH: 0824-2426532 / 2441425
23	Dena Bank Maharashtra	Dena Bank (CPPC) Mumbai Main Office, 17, Hornimon Circle, Mumbai (Maharashtra) – 400023	gbd [@] denabank.co.in ro.newdelhi [@] denabank.co.in kapoorramakant [@] gmail.com joshianandp [@] gmail.com	Mob.- 09594942594
24	IDBI Bank Maharashtra	IDBI Bank (CPPC) Government Business Operations, Corporate Park, Unit No.-2, Behind Swastik Chambers, SION-Trombay Road, Chembur, Mumbai (Maharashtra) -400071	pradnya.mandhare [@] idbi.co.in bp.patil [@] idbi.co.in v_acharya [@] idbi.co.in	Ms. Pradnya (Mgr) – 022-66908489 PH: 022-66908405
25	Indian Bank Tamilnadu	Indian Bank Centralised Pension Processing Centre, 4 th Floor, No. 66, RajaJi Salai, Chennai (Tamilnadu) – 600001	cppc [@] indianbank.co.in	Phone : 044- 25231756/25231757 FAX : 044 – 2523 1751 Cell No : 9445030401 / 2
26	Indian Overseas Bank Tamilnadu	Indian Overseas Bank Central Pension Processing Centre, Central Office,763, Anna Salai, Chennai (Tamilnadu) – 600002	cppc [@] iobnet.co.in	PH: 044-28889383/ 28519433
27	Oriental Bank of Commerce, Haryana	Oriental Bank of Commerce (CPPC) Corporate Office, Plot No.-5, Institutional Area, Sector-32, Gurgaon (Haryana)- 122001	cppc [@] obc.co.in pnd [@] obc.co.in	PH: 0124-4126379 (AGM) /4126527(DGM)
28	Punjab & Sind Bank, New Delhi	Punjab & Sind Bank (CPPC) H.O. P & D Department, A-25, 1 st floor, Community Centre, JwalaHeri, PaschimVihar, New Delhi – 110063	cppc [@] psb.org.in	PH: 011-25271585/ 25281210
29	PNB, New Delhi	Punjab National Bank (CPPC) 1 st floor, Gurudwara Road, Karol Bagh, New Delhi – 110055	cppcdel [@] pnb.co.in hogbd [@] pnb.co.in bo4421 [@] pnb.co.in	Chief Mgr. – 08527707999 / 09910900706
30	State Bank of Bikaner & Jaipur, Rajasthan	State Bank of Bikaner & Jaipur Centralised Pension Processing Centre, 2 nd floor, S.M.S. Highway, Jaipur (Rajasthan) –302005	cppcjpr [@] sbbj.co.in sbbj10016 [@] sbbj.co.in	PH: 0141-2227758/ 5172259
31	State Bank of Hyderabad, A.P.	State Bank of Hyderabad (CPPC) 1 st floor, Methodist Complex, Opposite Chermas, Abids, Hyderabad (A.P.) – 500001	cppc-hyd [@] sbhyd.co.in	PH: 040-23387414/ 23382881-882
32	State Bank of Mysore, Karnataka	State Bank Of Mysore (CPPC)	cppcmangalore [@] sbm.co.in	PH: 0824-2496073/75
33	State Bank Of Patiala Punjab	State Bank Of Patiala Centralised Pension Processing Cell, SCO 114, 1 ST Floor Urban Estate, Phase-II, Patiala (Punjab)-147002	infocppc [@] sbp.co.in	PH: 0175-2302817 / 2283322/2280272
34	State Bank Of Travancore, Kerala	State Bank Of Travancore (CPPC), Chembikalam Building 3 rd floor, Vazhuthacaud, Thiruvananthapuram (Kerala) – 695014	cppc [@] sbt.co.in	PH: 0471-2326525 /
35	Syndicate Bank, Karnataka	Syndicate Bank (CPPC) Central Accounts Department 2 nd Floor, SYNDICATE BANK H.O.- Manipal, TQ- UDUPI, (Karnataka) – 574104	syndcppc [@] syndicatebank.co.in	PH: 0820-2575402 / 2571196/2574075
36	Union Bank Of India, Maharashtra	Union Bank Of India (CPPC) Government Banking Division, PBOD, 12 th floor, Union Bank Bhavan, 239, VidhanBhavanMarg, Nariman Point,Mumbai (Maharashtra) –400021	nkramachandran [@] unionbankofindia.com govtbusiness [@] unionbankofindia.com puneetrai [@] unionbankofindia.com bansal [@] unionbankofindia.com	PH: 022- 22896677/22896678/ 22020242-43 022-22896600/ 22838824
37	United Bank of India West Bengal	United Bank Of India CPPC, 4 th floor, Head Office, 11,HemantaBasuSarani, Kolkata (West Bengal) -700001	homail [@] unitedbank.co.in cmcppc [@] unitedbank.co.in	PH: 033-22622549/22621042
38	United Commercial Bank, Maharashtra	United Commercial Bank (CPPC) Somalwar Bhavan, 1 st floor, Mount Road Extension, Sadar, Nagpur (Maharashtra) – 442001	cppcna [@] ucobank.co.in cppcna [@] gmail.com	PH: 0712-2559919/60
39	Vijaya Bank, Karnataka	Vijaya Bank (CPPC) Merchant Banking Division, Head office, 41/2, M.G. Road, Trinity Circle, Banglore (Karnataka) – 560001	mbd.pension [@] vijayabank.co.in cmmbd [@] vijayabank.co.in mbddgm [@] vijayabank.co.in	PH: 080-25584644
40	Axis Bank Ltd. Maharashtra	Axis Bank Ltd. (CPPC) Centralised Reconciliation & Settlement Cell 4 th floor, Gigaplex Building No. 1, Plot No. I.T. 5, Airoli Knowledge Park, Airoli, NaviMumbai (Maharashtra)- 400708.	cpu.pension [@] axisbank.com gupta-vikas [@] axisbank.com	DebrajSaha (AVP) – 011-43506532 PH: 022-24253687
41	HDFC Bank Limited, Haryana	HDFC Bank Limited(CPPC) 4 th floor, Vatika Atrium, Block-A, Golf Course Road, Sector-53, Gurgaon (Haryana)- 122002	suraj.tiwari [@] hdfcbank.co.in	PH: 012-44664000/44664503
42	ICICI Bank Ltd. Maharashtra	ICICI Bank Ltd. (CPPC) ICICI Bank Tower, 6 th floor, Autumn Estate, Chandivali, Andheri East, Mumbai (Maharashtra) – 400072	pawan.mantri [@] icicibank.com maya.shanbag [@] icicibank.com vaibhav.sin [@] icicibank.com	Mr. nMantri: 022-61375108 Ms. Maya Shanbag: 022-26537358

Authority: http://cpao.nic.in/

Two Critical Point highlighted to Empowered Committee by Dorai on 7th CPC

Two Critical Point highlighted to Empowered Committee by Dorai on 7th CPC

In addition to the various genuine demands raised by the various Central Government Employees Federations/Associations with the Empowered Committee of Secretaries, I would like them to bring these 2 important crucial issues before the Empowered Committee of Secretaries for implementation:

1. RETENTION OF 3% INCREMENT IN VII CPC RECOMMENDATIONS IN CASE OF PROMOTION LEADS TO LOWER FINANCIAL BENEFITS BY FEW THOUSANDS THAN THE EXISTING BENEFITS UNDER 6TH CPC RECOMMENDATIONS:

The financial benefit would be much lower than what a government servant would be getting under VI CPC recommendation on promotion, because the existing benefit on promotion carry change in grade pay apart from 3% increase in Pay+Grade Pay. The following illustration shall show the huge difference:

Suppose an employee whose Pay is Rs.10400/- and the Grade pay is Rs. 2800/- totalling to Rs.13200(in the Pay band of 5200-20200), gets his next promotion to the Grade Pay of Rs.4200/- he will be entitled to the following hike in total remuneration under the existing VI CPC recommendation as a result of promotion:

Rs.13200 x 3% increment =Rs.400
Difference in Grade Pay from Rs.2800 to Rs.4200= Rs.1400
Total increase of increment in basic pay and Grade Pay= Rs.1800
D.A. at 125% as on 1/1/2016 on Rs.1800 = Rs.2250
HRA at 30%(assuming X city) on Rs.1800 =Rs.540
Total monetary benefit = Rs.4590/-

Whereas the net monetary benefit under VII CPC recommendation, as a result of promotion in the above case will be much lower than the above illustration as shown under:

Equivalent Basic Pay for Rs.13200 come to Rs.33900 as per pay matrix
Rs.33900 x 3% increment =Rs.1017(placed at Rs.35,400 as per pay matrix in the next level)
Total difference Rs.35400 – Rs33900 =1500
D.A. at 0% as on 1/1/2016 on Rs.1500= 0
HRA at 24%(assuming X city) on Rs.1500 =Rs.360

Total monetary benefit = Rs.1860/-only as against the existing Rs.4590/- leading to shortage of Rs. 2730/-
This is a big blunder committed by the VII Pay commission.

Therefore the increment on promotion should be atleast 5 to 6% to bring the benefit of increment on promotion to the existing level.

Whether increase of percentage for annual increment is considered or not, but increment of percentage for promotions definitely need to be implemented to bring the level of monetary benefit to the existing level.

2. NON RECOMMENDATION OF VII CPC REGARDING MERGER OF 50% OF D.A. WITH BASIC PAY WHEN D.A. CROSSES 50% IS A GREAT DISAPPOINTMENT:

The long standing demand of the central government employees for merger of 50% D.A with basic was not implemented by the government on the excuse that the VI CPC had not made such a proposal. Even the VII CPC is totally silent about this aspect. It appears no one has demanded the same before the VII CPC for consideration.

It is quite surprising that such a vital issue of non-recommendation of merger of D.A with basic pay when D.A crosses 50% is not being opposed by any central government associations or pointed out by the media. Had it been recommended by the VII CPC, the government shall definitely implement the same and the benefit of hike in salary as a result of merger of D.A with basic when it cross 50%, would be so vast that no government servant would crave for timely setting up of next VIII Central Pay commission.

M.DORAI 

Via: govtempdiary

Rates of Dearness Allowance applicable w.e.f. 1.1.2016 to employees of Central Government and Central Autonomous Bodies continuing to draw their pay in the pre-revised scale as per 5th Central Pay Commission

5th CPC Da order w.e.f 01.01.2016

No. 1(3)/2008-E.II (B)
Government of India
Ministry of Finance
Department of Expenditure

North Block, New Delhi Dated the 22nd April, 2016.

OFFICE MEMORANDUM

Subject: Rates of Dearness Allowance applicable w.e.f. 1.1.2016 to employees of Central Government and Central Autonomous Bodies continuing to draw their pay in the pre-revised scale as per 5th Central Pay Commission.

The undersigned is directed to refer to this Department’s O.M. of even No, dated 1st October, 2015 revising the rates of Dearness Allowance in respect of employees of Central Government and Central Autonomous Bodies who continue to draw their pay and allowances in the pre-revised scales of pay as per 5th Central Pay Commission.

2.The rates of Dearness Allowance admissible to the above categories of employees of Central Government and Central Autonomous bodies shall be enhanced from the existing rate of 234% to 245% w.e.f. 1.1.2016. All other conditions as laid down in the O.M. of even number dated 3rd October, 2008 will continue to apply.

3.The contents of this Office Memorandum may also be brought to the notice of the organizations under the administrative control of the Ministries/Departments which have adopted the Central Government scales of pay.

(Nirmala Dev)
Deputy Secretary to the Government of India

Download signed copy here

Government likely to implement 7th Pay Commission award around September-October

Government likely to implement 7th Pay Commission award around September-October

New Delhi: The Central government employees will have to wait till September-October to get higher salaries under the 7th Pay Commission.

As per a Financial Express report, government is expecting that higher salaries released around the festival period starting with Durga Puja and Diwali will boost consumption, which will have a multiplier effect on the economy.

Though the employees will get arrears with retrospective effect from January 1, no retrospective arrears in allowances will be given. With the move, the exchequer would be able to save around Rs 11,000 crore.

The commission had estimated the additional outgo in FY17 due to its award at R73,650 crore.

Source: zeenews.india.com

Centre Notifies Rules for Amended SC/ST Act

It also provides for admissible relief to SC/ST women for offences of grievous nature, on conclusion of trial, even though they may not have ended in conviction.

Centre Notifies Rules for Amended SC/ST Act – A govt release says: “The SC/ST Rules are an important step forward in our journey towards achieving Ambedkar’s vision of a more equal and just society.”

Four months after Parliament amended the SC/ST (Prevention of Atrocities) Act of 1989 to tighten provisions to ensure speedier justice to SCs and STs, the Social Justice and Empowerment Ministry notified the Rules to give effect to the changes on Babasaheb Ambedkar’s birth anniversary on April 14.

The 1989 Act was amended by Parliament on December 21, 2015, after the Rajya Sabha gave assent. Earlier, in August 2015, the Lok Sabha had cleared it.

The object of the amended provisions is to speed up the process of dispensation of justice, liberalise and expedite access to relief for victims of atrocities, ensuring special sensitivity in cases of offences against women.

A govt release says: “The SC/ST Rules are an important step forward in our journey towards achieving Ambedkar’s vision of a more equal and just society.”

Curiously, these amendments were the subject of one of the last ordinances promulgated in 2014 during the Congress-led UPA government’s tenure. The new provisions now provide for an increase in the existing quantum of relief from between Rs. 75,000 to Rs. 7,50,000 to Rs. 85,000 to Rs. 8,25,000, depending on the nature of the offence.

It also provides for admissible relief to SC/ST women for offences of grievous nature, on conclusion of trial, even though they may not have ended in conviction. The changes in the law also make provision for regular reviews of the scheme for the rights and entitlements of victims and witnesses in accessing justice at the State, district and sub-division level committees in their meetings.

Other important provisions include completing investigation and filing a charge sheet within 60 days and provision of admissible relief in cash or kind or both within seven days to victims, their family members and dependents. For the first time, there is provision of relief for rape and gang rape.

No medical examination will be necessary to seek relief for non-invasive offences against women such as sexual harassment, gestures or acts intended to insult the modesty of women.

Source: The Hindu

7th Pay Commission – How Govt will Save Rs 11,000 Crore in Allowances

7th Pay Commission – How Govt will Save Rs 11,000 Crore in Allowances

7th Pay Commission – How Govt will Save Rs 11,000 Crore – Allowances currently are roughly half of the Centre’s salary bill.

The Centre is likely to implement the 7th Pay Commission award from September-October, the beginning of the festive season, to give a consumption boost to the economy. However, in order to restrict the budgetary outgo, it would pay the revised allowances only prospectively, unlike the pay component that will be paid along with arrears from January 2016.

Allowances currently are roughly half of the Centre’s salary bill; as per the pay panel award, the steepest increase — 63% — was in allowances, while the overall rise in pay, allowances and pensions recommended was 23.55%.

If the revised allowances take effect only from September this year, the savings to the govt would be to the tune of Rs.11,000 crore, official sources said. Additionally, if the railway ministry decided to toe the Centre’s line, the national transporter will save around Rs.3,800 crore. The Budget in February had provided Rs.53,500 crore towards the pay panel-induced overall rise in pay, allowances and pension (PAP) and also to finance the one-rank-one-pension scheme for the armed forces. The 7th Pay commission had estimated the additional outgo in FY17 due to its award at Rs.73,650 crore.

The Centre’s additional bill on allowances in FY 17 due to the pay panel would have been about Rs.22,000 crore, but since it would release allowances only from September (and not with retrospective effect from January as envisaged by the commission), the actual outgo would be nearly half that.

Some analysts reckon that the consumption stimulus to the economy from the increased pay to government staff this time around could be somewhat muted.

Compared with the Sixth Pay Commission award — which led to an overall salary increase of 40% and was released first with arrears of 30 months paid over two years — the disbursement now includes only six months’ arrears in pay, they noted. “If the pay commission’s award is implemented across the board (including state governments as well as public institutions/enterprises), it would bring in an additional 0.9% of GDP growth in FY17,” said NR Bhanumurthy, professor at the National Institute of Public Finance and Policy. Even if states lag in implementing the pay revisions, Bhanumurthy said, GDP growth still could be at least 8% in the current fiscal, up from likely 7.6% last year.

Contrary to some reports that government employees could be asked to put part of the increased salary in bank capitalisation bonds to be issued by the Centre to infuse capital in the banks, officials said there was no such move. The government would like the employees to spend additional money in their hands to perk up the economy, sources added.

The seventh pay panel had projected the railways budget would bear the additional Rs.28,450 crore in FY17 due to its award. However, officials reckon that the actual requirement could be lower by about R3,800 crore for the railways due to prospective implementation of allowances.

Source: Financial Express

Steps to be followed, if OROP Arrears not paid so far

Steps to be followed, if OROP Arrears not paid so far

May be due to the non-availability of the following particulars with your bank, they have not paid. Therefore, please arrange to send the attested proof of the following particulars:-

1. Rank
2. Qualifying service.
3. Group
4. Date of Birth.

Please take a Xerox copies of the proof, get attested by your Bank’s Manager and send it to the CPPC of your bank by Registered Post immediately.

It is better if you can send the OROP arrears calculation sheet also along with the documents. For OROP calculation sheet, please click here.

Click FAQ on the Home page read the procedure for payment.

Addresses of some important banks and email addresses.

1. State Bank of India, CPPC, 112/4 Kaliamman Koil Street, Virugambakkam, Chennai 92. Email: cppc.zoche@sbi.co.in
2. Canara Bank, CPPC, Besavangudi, Bangalore 4. Email: cppc@canarabank.com
3. Indian Bank, CPPC, 66 Rajaji Salai, Chennai 1. Email: cppc@indianbank.co.in
4. Indian Overseas Bank, CPPC, Annasalai, Chennai 2. Email: cppc@iobnet.co.in
5. Central Bank of India CPPc, 2nd Floor, MMO Building, MG Road, Fort, Mumbai 400001. Email: cppc@centralbank.co.in
6. Corporation Bank, CPPC, Pandeshwar, Mangladevi Temple Road, Mangalore 575001.email: hogovt@corpbank.co.in :
7. Bank of India CPPC 87A 1st Floor,Gandhibaug, Nagpur 440002. Email; cppc.nagpur1@bankofindia.co.in
8. Union Bank of india, CPPC, 12th Floor, 239 Vidhan Bhavan Marg, Nariman Point, Mumbai 400021. Email: govtbusinesss@unionbankofindia.com.
9. Bank of Baroda CPPC 13th Floor, 16 Parliament St. New delhi 1. Email: cppc.ho@bankofbaroda.co.in
10. Syndicate bank CPPC, 2nd Floor, Manipal Udupi, Karnataka 574104. Email: syndcppc@syndicatebank.co.in

Source: http://indianexserviceman.blogspot.in/

PARTIAL WITHDRAWAL FROM NPS - ORDERS ISSUED BY PFRDA

PARTIAL WITHDRAWAL FROM NPS - ORDERS ISSUED BY PFRDA

Guidelines issued from PFRDA on processing partial withdrawal requests under National Pension System (NPS).

As per the guidelines, a subscriber can partially withdraw his/her accumulated pension wealth, not exceeding twenty-five per cent of the contributions made by the subscriber and excluding contributions made by the employer, if any, at any time before exit from NPS.

The aforesaid guidelines issued by PFRDA provide terms & conditions, purpose, frequency and limits for partial withdrawal under NPS.

Click Here to view Order (NSDL Circular Dt: 31.3.2016)

Click here to view Application Form

7th Pay Commission award after five-state polls: Finmin

7th Pay Commission award after five-state polls: Finmin

New Delhi: Official sources in Finance Ministry told us on condition of anonymity that the central government will announce 7th Pay Commission award to increase pay and facilities of the central government employees after the completion of five states assemblies’ poll process as the model code of conduct is currently in place and the employees will get it ahead of the festive season.

The announcement is to come in June-July after eight to nine months of receiving of Seventh Pay Commission report.

Sources, however, said the government had no plans to give allowances in arrears for the central government employees.

“There’s no arrears of allowances will be given to employees,” they confirmed.

When asked whether complications would arise in implementing the 7th Pay Commission’s recommendations when its implement, they said, “Secretaries group’ll not leave such vacuum.”

Sources said the Secretaries group was aimed at narrowing the gap between the salaries of officers and low paid government employees.

The group observed it was essential that the salary of top government officials should not be far to that of their low paid subordinate employees. “This will help reduce corruption by the government officials and make government jobs more attractive.”

The Seventh Pay Commission was formed on February 4, 2014 during the last UPA government.

Under Seventh Pay Commission recommendations, the take-home salary of the top boss in government service was fixed at Rs 2,50,000 while the the basic pay of the lowest-ranked employee was fixed at Rs 18,000.

Traditionally, pay commissions have been set up after every 10 years to revise the pay scales of central government employees. States also accept these recommendations for their employees after certain modifications.

Justice A K Mathur, Chairman, 7th Pay Commission presented its report to Finance Minister Arun Jaitley in November with the recommendations for 14.27 per cent increase in basic pay, the overall increase in salary, allowances and pensions is 23.55%. The increase in allowances will be higher by 63% while pensions will rise 24%.

A 13 members secretary-level Empowered Committee or Secretaries group headed by cabinet Secretary P K Sinha was formed in January to review the recommendations of 7th Pay Commission before cabinet nod.

TST

New EPF withdrawal norms put on hold for 3 months

New EPF withdrawal norms put on hold for 3 months

EPF withdrawal norms put on hold till July 31st 2016 – Earlier, with the consent of Trade Unions and with the intention of promoting a decent accumulation of provident fund in members account Partial withdrawal was proposed to be disallowed

The Govt puts on hold new Provident Fund withdrawal norms till July 31. New PF withdrawal norms proposes to bar withdrawal of employer’s contribution to the provident fund corpus until the employee attains the age of 58 years.

On the issue of new Provident Fund withdrawal norms, the government today decided to keep the implementation of new norms in abeyance for three more months till July 31st.

The announcement comes in the midst of protest by labour unions in several parts of the country against the new norms.

People have also launched online campaign against the decision, which was to be implemented from February 10 but was later put on hold till April 30.

In February, the ministry had issued a notification restricting 100 per cent withdrawal of provident fund by members after unemployment of more than two months.

Source: DDI News

    Press Information Bureau

    Government of India

    Ministry of Labour & Employment

    21-April-2016 17:51 IST

                Government had issued a notification dated 10th February 2016 regarding rules for withdrawal from EPF Funds by the members. Under the revised rules, the employee was permitted to withdraw the employees’ share from the fund (which is 12% of the wages).

    However, it was prescribed that the employers’ share of contribution towards the Provident Fund (which is 3.67% of wage) would be allowed to be withdrawn only at the age of retirement (58 years).

    The objective was to provide a minimum social security to the workers at the time of retirement. It was noticed that over 80% of the claims settled by EPFO belonged to pre-mature withdrawal of funds, treating the EPF accounts as savings accounts, and not a Social Security instrument.

    In order to address the issues the amendment stated above was carried out with the consent of Trade Unions and with the intention of promoting a decent accumulation of provident fund for the members at the end of their working lifetimes.

    However, considering the representations received from various quarters and after consultations with the various stakeholders, Minister of State (IC) Labour and Employment, Sh Bandaru Dattatreya announced that the government has decided to withdraw the said 10th February 2016 Notification with immediate effect.

    Accordingly, the workers are now allowed to withdraw the entire amount from the provident fund as per existing provisions of the EPF Scheme 1952 including the employers’ share of 3.67%.

Source: Press Information Bureau