Withdrawal of Legal Tender Character of existing Rs 500/- and Rs 1,000/- banknotes

Frequently Asked Questions (FAQs) on Withdrawal of Legal tender Character of the Old High Denomination Bank Notes

 

1.       Why is this scheme?

 

The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though no security feature has been copied. The fake notes are used for antinational and illegal activities. High denomination notes have been misused by terrorists and for hoarding black money. India remains a cash based economy hence the circulation of Fake Indian Currency Notes continues to be a menace. In order to contain the rising incidence of fake notes and black money, the scheme to withdraw has been introduced.

 

2.       What is this scheme?

 

The legal tender character of the notes in denominations of Rs. 500 and Rs. 1000 stands withdrawn.  In consequence thereof withdrawn old high denomination (OHD) notes cannot be used for transacting business and/or store of value for future usage. The OHD notes can be exchanged for value at any of the 19 offices of the Reserve Bank of India or at any of the bank branches and at any Head Post Offices /Sub-Post Offices.

 

3.       How much value will I get?

 

You will get value for the entire volume of notes tendered at the bank branches / RBI offices/ Head Post Offices and Sub-Post Offices.

.

 

4.       Can I get all in cash?

 

No. You will get upto Rs. 4000 per person in cash irrespective of the size of tender and anything over and above that will be receivable by way of credit to bank/post office account.

 

5.       Why I cannot get the entire amount in cash when I have surrendered everything in cash?

 

The Scheme of withdrawal of old high denomination (OHD) notes does not provide for it, given its objectives.

 

6.       Rs. 4000 cash is insufficient for my need. What to do?

 

You can use balances in bank accounts to pay for other requirements by cheque or through electronic means of payments such as Internet banking, mobile wallets, IMPS, credit/debit cards etc.

 

7.       What if I don't have any bank account?

 

You can always open an account by approaching a bank branch/post office with necessary documents required for fulfilling the KYC requirements.

 

8.       Where can I go to exchange the notes?

 

The exchange facility is available at all Issue Offices of RBI and branches of commercial banks/RRBS/UCBs/State Co-op banks or at any Head Post Office or Sub-Post Office.

 

9.       Can I go to a Branch Post Office to exchange old High Denomination (OHD) Notes.

 

          No.

 

10.     Need I go only to my post office where I have the account?

 

For exchange upto 4000 in cash you may go to any H.O./S.O. with valid identity proof.

 

For exchange over 4000, which will be accorded through credit to Bank/POSB account only, you may go to the bank branch/post office where you have an account or to any other CBS Post Office.

 

In case you want to go to a branch of any other bank/post office where you are not maintaining an account, you will have to furnish valid identity proof and POSB account details required for electronic fund transfer to your account.  Both the offices should be under CBS.

 

 

 

 

11.     Can I go to any Post Office for this?

 

Yes, you can go to any post office provided both the POs (where your account stands and where you want to deposit) are under CBS.

 

12.     Can OHD notes be accepted by non-CBS Post Offices?

 

          Yes, they can accept OHD notes for exchange upto Rs. 4,000 with identity proof.  Besides, they are also permitted to accept deposits of OHD notes in POSB accounts standing in their offices.  OHD notes shall not be accepted in these offices for POSB accounts standing in other offices.  All the conditions stipulated for identification/preparation of statement prescribed should be followed/submitted by these non-CBS offices.

 

 

13.     I have no account but my relative / friend has an account, can I get my notes exchanged into that account?

 

Yes, you can do that if the account holder's relative/friend etc gives you permission in writing. While exchanging, you should provide to the post office, evidence of permission given by the account holder and your valid identity proof.

 

14.     Should I go to post office personally or can I send the notes through my representative?

 

Personal visit to the post office is preferable. In case it is not possible for you to visit the post office you may send your representative with an express mandate i.e. a written authorisation. The representative should produce authority letter and his / her valid identity proof while tendering the notes.

 

15.     Can I withdraw from ATM?

 

It may take a while for the vendor to recalibrate the ATMs. Once the ATMs are functional, you can withdraw from ATMs upto a maximum of Rs. 2,000/- per card per day upto 18th November, 2016. The limit will be raised to Rs. 4000/- per day per card from 19th November 2016 onwards.

 

 

 

 

16.     Can I withdraw cash against cheque?

 

Yes, you can withdraw cash against withdrawal slip or cheque subject to ceiling of Rs. 10,000/- in a day within an overall limit of ₹20,000/- in a week (including withdrawals from ATMs) for the first fortnight i.e. upto 24th November 2016.

 

17.     How much time do I have to exchange the notes?

 

The scheme closes on 30th December 2016. The OHD banknotes can be exchanged at branches of commercial banks, Regional Rural Banks, Urban Cooperative banks, State Cooperative Banks and RBI/and Departmental Post offices till 30th December 2016.

 

For those who are unable to exchange their Old High Denomination Banknotes on or before December 30, 2016, an opportunity will be given to them to do so at specified offices of the RBI, along with necessary documentation as may be specified by the Reserve Bank of India.

 

18.     I am right now not in India, what should I do?

 

If you have OHD banknotes in India, you may authorise in writing enabling another person in India to deposit the notes into your post account. The person so authorised has to come to the post office with the OHD banknotes, the authority letter given by you and a valid identity proof (Valid Identity proof is any of the following: Aadhaar Card, Driving License, Voter ID Card, Pass Port, NREGA Card, PAN Card, Identity Card Issued by Government Department, Public Sector Unit to its Staff)

 

 

19.     I am a foreign tourist, I have these notes. What should I do?

 

You can purchase foreign exchange equivalent to Rs. 5000 using these OHD notes at airport exchange counters within 72 hours after the notification, provided you present proof of purchasing the OHD notes.

 

 

 

 

20.     I have emergency needs of cash (hospitalisation, travel, life saving medicines) then what I should do?

 

You can use the OHD notes for paying for your hospitalisation charges at government hospitals, for purchasing bus tickets at government bus stands for travel by state government or state PSU buses, train tickets at railway stations, and air tickets at airports, within 72 hours after the notification.

 

 

21.     What is proof of identity?

 

Valid Identity proof is any of the following: Aadhaar Card, Driving License, Voter ID Card, Pass Port, NREGA Card, PAN Card, Identity Card Issued by Government Department, Public Sector Unit to its Staff.

 

22.     Where can I get more information on this scheme?

 

Further information is available at website (www.rbi.org.in)

 

23.     If I have a problem, whom should I approach?

 

You may approach the control room of RBI by email or on Telephone Nos 022 22602201/022 22602944.  For issues relating to POSB transaction, you may contact control room functioning at the following telephone:

 

Postal Directorate – 011-23036967, 23036224

 

 

 

DEPARTMENTAL ANOMALY COMMITTEE FORMED IN DEPARTMENT OF POSTS

DEPARTMENTAL ANOMALY COMMITTEE FORMED IN DEPARTMENT OF POSTS

Posted by NFPE at 12:19 PM

MEETING ON ALLOWANCES Dtd. 03-11-2016

MEETING ON ALLOWANCES

            A meeting on Department of Posts specific allowances was held with the Committee on allowances under chairmanship of Secretary Finance and secretary Expenditure. From Department of Post, Secretary (Post), Member (Personal), DDG (Personal), DDG (Estates) , DDG(Estt. & SR), Director Estt. attended the meeting. From Staff Side Com. R.N. Parashar, Secretary General NFPE,Shri Theagarajan, Secretary General FNPO & Shri S.K. Mishra , Secretary General, BPEF, participated in the  meeting. Many other officers of DOP&T, Finance, Health Ministries also participated. 

            Three meetings were held with Department and Administration and Unions after discussing threadbare came to conclusion and accordingly presentation was prepared which was presented before the Committee. Secretary (Finance) shown much interest and he asked so many questions and raised queries on each allowance and asked the Department to submit a report on financial implications.

            The meeting was concluded in a very co-ordial manner and we should hope for positive outcome. On the following allowances we submitted our proposal which is mentioned below:

          Fixed Monetary Compensation to Postman:

            Proposal: Not to abolish the allowance. It is proposed to grant Rs.300/- per            day for additional full beat and Rs.150/-  per day for sharing of beat(half beat)     and further proposed to increase by 25% every time when DA  reaches at    50%.(Department earlier proposed that allowance as Rs.200/- and Rs.100/-         but on the demand of Federations, now it is proposed  same as Rs.3oo/- and         Rs.150/-

          Special Allowance to PO & RMS Accountants:

            Proposal: The allowance is required to be continued as this special            allowance has been sanctioned in lieu of higher pay scale. If abolished, one           increment is to be allowed on promotion which costs more to the Department.        Therefore, it is proposed to grant special allowance equivalent to one     increment which will be kept separately and not to be added in the basic pay.         Other conditions applicable to present allowance will remain in force. (i.e. if      this allowance  is drawn for three  years it will be  added to basic pay while          pay fixation on promotion.)

          Cycle Allowance to Postman:

          Proposal: Must be retained while doubling the amount to Rs.180 p.m. and         further increase by 25% every time the DA increases by 50%

          Cash Handling and Treasury Allowance:

            Proposal: The Cash Handling Allowance should be retained and     need to           be doubled and further increase by 25% every time the DA increases   by        50%.

          Fixed Medical Allowance:

            Proposal: 33 Postal Dispensaries may be merged with CGHS.

      All Postal Pensioners irrespective of their participation in CGHS while in     service should be covered under CGHS after making requisite subscription.

      Till such time, the FMA may be allowed @ Rs.2000/- per month enhancing            from Rs.500/- p.m.  being paid at present.

Headquarter Allowance:

Proposal: Proposes to retain the Headquarters Allowance at the uniform rate of 10% of the basic pay subject to ceiling of Rs.9000/- per month.

Overtime Allowance:

 Proposal: Department recommends to grant additional duty allowance in lieu of OTA in operative offices only  for performing additional duty of absentee official.

It is proposed  Rs. 100/- per hour maximum of three  hours in a day and further  increase by 25% every time the DA increases by 50%.

Besides these we demanded S.B.  Allowance and Supervisory allowance to be continued and enhanced proportionately.

NFPE CIRCULAR REGARDING CONFEDERATION PROGRAMME

Dearness Allowance to C.G. employees  M.O.F Order. 

Centre Approves 100% Hike in the Salaries of Member of Parliaments, Bill Likely in Winter Session

Parliamentarians can soon expect a steep hike in salary as the Centre has decided to provide them with a basic salary of Rs 1 lakh per month, a 100% hike from the current Rs 50,000.

The salary hike for the MP’s has been in demands from a while when the Delhi government approved the huge hikes in Delhi MLA’s salaries. But Government was looking to avoid the hike in the salaries of the Member of Parliaments.

But Now it Looks like that the government had bowed to the increasing demand by the MP’s.

The Prime Minister’s Office (PMO) is learnt to have agreed to consider a recommendation made by the Joint Committee on Salaries and Allowances of Members of Parliament, which is headed by BJP MP Yogi Adityanath.

The panel had also demanded a slew of benefits like more air tickets and soft loans for cars.

A bill is expected to be passed in the upcoming winter session of Parliament to hike the MPs’ salary and allowances .

Not Just the MP’s but also the Governors and President will be benefitted with the salary hike. The government is also mulling over increasing the President’s salary from current Rs 1.5 lakh per month to Rs five lakh and the Governor's salary from current Rs. 1.10 lakh to Rs.2.5 lakh.

Source:  PO TOOLS

WHY WE DEMAND 3% DA FROM 1^ST JULY 2016 INSTEAD OF 2%

As the 7th Pay commission recommendations will be implemented with effect from 1.1.2016, the AICPIN average of 2015 will be the Base Index for calculation of DA for 7th Pay Commission

Formula for Calculation of DA in 7th Pay Commission is = (12 months Average of AICPIN -261.4) divided by  261.4  multiply by   100 

[(263+264+266+269+270+269+269+267+268+271+275+277)/12]- (261.4) X100/261.4 = 2.91% and DA declared 2%. It is nothing but misappropriation.

Instead of 261.4 it should be 260.46 as the DA was given 125% instead of 125.75 in corresponding to price index of 261.4 from 1^st January 2016. The rounding of the DA to lower digit will not compensate fully to the price rise and 100% neutralization DA.  In other words corresponding to 125% DA, the price index shall be 260.46.

Thus the formula for calculation of DA for 7^th CPC should be 12 months Average of AICPIN – 260.46 divided by 260.46 and multiplied by 100

Therefore the DA for July 2016 should be calculated as given below:

[(263+264+266+269+270+269+269+267+268+271+275+277)/12]-(260.46) X100/260.46 = 3.27 and the DA should be 3%.

//NFAEE//

MEETING WITH SECRETARY (POSTS)

Thursday, November 3, 2016

MEETING WITH SECRETARY (POSTS)

          Shri Umasankar Chakraborty, General Secretary AIPAOEU (NFPE) along with Com. Giriraj Singh , President NFPE & General Secretary R-III ,Com. K. Ramachandram , Ex. President  AIPAOEU & Com. N. Jagdish Federal Councilor of Administrative Union met with Secretary Department of Posts on 02^nd  November ,2016 and discussed the various issues relating to Implementation of GDS Committee report, Re-fixation of pay of the Ex. Servicemen officials, Cadre Structuring for  the Postal Administrative staff   and Posting of full time  Director  in O/o the DPLI, Kolkata. The discussion was very constructive

Posted by NFPE at 11:43 AM

WITHDRAWAL OF THE PROPOSED INDEFINITE HUNGER FAST IN FRONT OF DAK BHAWAN FROM 3^rd  NOVEMBER, 2016 AND TWO DAYS STRIKE ON 9th & 10th NOVEMBER 2016.

POSTAL JOINT COUNCIL OF ACTION

NATIONAL FEDERATION OF POSTAL EMPLOYEES

FEDERATION OF NATIONAL POSTAL ORGANISATIONS

ALL INDIA POSTAL EMPLOYEES UNION – GRAMIN DAK SEVAKS

NATIONAL UNION OF GRAMIN DAK SEVAKS

NEW DELHI - 110001

No.PF-PJCA-12/2016                                                                              Dated : 01.11.2016

To,

            The Secretary,

            Department of Posts,

            Dak Bhawan, New Delhi-110 001

Sub: Withdrawal of the proposed indefinite hunger fast in front of Dak Bhawan from 3rd November, 2016 and two days strike on 9th & 10th November 2016

                                                

Sir,

            While expressing our sincere thanks to you and the Postal Board for taking positive action for settling the demand for bonus parity to Gramin Dak Sevaks, we would like to request your sympathetic and immediate intervention for implementing the Directorate orders for payment of revised wages to Casual, Part time Contingent employees working in the Postal Department with effect from 01.01.2006. 

      The Directorate has issued orders for payment of revised wages (6th CPC minimum) to casual labourers in the month of January 2015. Subsequently the queries raised by some Chief PMGs were also clarified by Directorate. Even though 21 (twenty-one) months are over, the Directorate orders are not yet implemented in some circles. We have already brought the case to your notice and the notice of the concerned Chief PMGs several times, but the issue still remains unsettled. Hence we were compelled to include this demand also as the second demand of the proposed indefinite fast in front of Dak Bhawan from 3rd November and two days strike on 9th & 10th November 2016.

         As you have assured us that the grievances of this poor and most downtrodden section of workers will be settled in a time-bound manner, we hereby inform you that we have decided to withdraw the proposed hunger fast from 3rd November and two days strike on 9th & 10th November 2016.

          We once again request you to issue strict instructions to all Chief PMGs to implement the Directorate orders in a time bound manner, say, before 30th November 2016.

        

              Thanking you in anticipation

                                                    Yours faithfully

                                                                                                                        

R. N. PARASHAR                                                                             D. THEAGARAJAN

Secretary General                                                                              Secretary General

      NFPE                                                                                                        FNPO

                                                                                                                       

                                                                                                                        

P. PANDURANGARAO                                                            P. U. MURALEEDHARAN

General Secretary                                                                              General Secretary

      AIPEU-GDS                                                                                             NUGDS

Copy to:

1.         The Director General, Department of Posts, Dak Bhawan, New Delhi-110001.

2.         The Member (P), Department of Posts, Dak Bhawan, New Delhi-110 001

3.         The Director (SR & Legal) Dak Bhawan, New Delhi-110 001

ALLOWANCE COMMITTEE MEETING ON DEPARTMENT SPECIFIC ALLOWANCES - DEPARTMENT OF POSTS-MEETING ON 3^rd NOVEMBER-2016.

AGENDA ITEMS FOR THE MEETING OF NATIONAL ANOMALY COMMITTEE.

NPS COMMITTEE FOR STREAMLINING THE IMPLEMENTATION OF NEW PENSION SCHEME CONSTITUTED --- ORDER COPY SUPPLIED UNDER RTI REPLY TO SRI VAISAKH VASUDEVAN PALAKKAD (KERALA).

NFIR Writes to PM on Minimum Wage and Multiplying Factor issues

Government’s assurance on 7th CPC issues mainly relating to Minimum Wage & Multiplying Factor – reg.

NFIR 

National Federation of Indian Railwaymen

3, Chelmsford Road, New Dlehi – 110055

No.IV/NJCA(N)/20l4/Part II

Dated: 1-11-2016

Shri Narendra Modiji,

Hon’ble Prime Minister of India,

South Block,

Raisina Hill,

New Delhi-l10011

Respected Sir,

Sub: Government’s assurance on 7th CPC issues mainly relating to Minimum Wage & Multiplying Factor – reg.

I seek you valuable time through this letter and place the following for kind consideration and immediate action.

The Central Government employees in general and Railway employees in particular were extremely upset over the retrograde recommendations of 7th Central Pay Commission, particularly the recommendations relating to Minimum Wage and Multiplying Factor. In the wake of Indefinite Strike decision on Charter of demands of NC/JCM Constituent Organizations (Railways, Defence, Postal Confederation etc)., the Group of Ministers held meetings with JCM (Staff Side) leaders on 30th June 2016 & 06th July 2016 and consequently assurance was given that a High Level Committee will examine 7th CPC issues mainly Minimum Wage and Multiplying Factor. On this assurance, JCM Constituent organizations have deferred Strike action on 06th July, 2016.

Though a Committee was constituted under the chairmanship of Addl. Secretary (Exp), Ministry of Finance and discussions held, the response has been disappointing. The employees of Railways and other Central Government departments are greatly disappointed over non-settlement of main issues through discussions.

May I request your kind attention in the matter for implementation of assurance given by Group of Ministers for the revision of Minimum Wage & Multiplying Factor through discussions with NC/JCM (Staff Side) very early.

With Pranams,

Yours sincerely,

sd/-

(Dr. M.Raghavaiah)

General Secretary