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Sovereign Gold Bond "Sone Pe Suhaga"

Source : RBI Interest Rate: Investors will be compensated at a fixed rate of 2.50 per cent per annum payable semi-annually on the nominal value.  Collateral: Bonds can be used as collateral for loans. The loan-to-value (LTV) ratio is to be set equal to ordinary gold loan mandated by the Reserve Bank of India (RBI) from time to time. Issue price: The bond price will be fixed in Indian rupees on the basis of the simple average of closing price of gold of 999 purity published by the India Bullion and Jewellers Association for the week (Monday to Friday) preceding the subscription period. The issue price of the gold bonds will be Rs 50 per gram less than the nominal value.  Eligibility: Bonds will be restricted for sale to resident Indian entities including individuals, HUFs, trusts, universities and charitable institutions. Bonds will be denominated in multiples of grams of gold with a basic unit of 1 gram.  Tenure: The tenure of the bond will be for a period of eight

Gold is likely to glitter again for retail investors this March. Sovereign Gold Bonds Series-IV For Financial Year : 2016-17 The Government of India (GoI), in consultation with the Reserve Bank of India (RBI), has decided to issue sovereign gold bonds Series-IV for 2016-17.  Applications for the bond issue will be accepted from Monday, February 27, till Friday, March 03, 2017. The bonds will be issued on March 17, 2017.  The gold monetisation scheme launched by Prime Minister Narendra Modi way back in November 2015 was aimed to lure tonnes of the precious metal from Indian households into the banking system.  The scheme is aimed at unlocking 20,000 tonnes of the precious metal lying idle in households and temples, whose worth is estimated at around $800 billion.  These bonds will carry sovereign guarantee, both on the capital invested and the interest and can be used as collateral for loans. The sovereign gold bonds will be sold through banks, Stock Holding Corporation

Hon. Prime Minister Shri Narendra Modi's Perspective On India Post Payments Bank (IPPB)

आप का बेंक - आप के द्वार   w e believe that a nation can only grow when every citizen gets an opportunity to prosper, regardless of their way of life. With simple, diverse and growth oriented offerings, IPPB aims to give every Indian access to efficient banking services. Incorporated as a Public Sector Bank under the Department of Posts with 100% GOI equity, IPPB has launched on January 30th, 2017 in Ranchi and Raipur with the objective of being present in all corners of India by the end of the year. For now, IPPB is offering Savings account up to a balance of Rs 1 Lakh, along with digitally enabled payments and remittance services of all kinds between individuals. In due course, IPPB will also provide current accounts and access to third party financial services like insurance, mutual funds, pension, credit products, forex, and more. Aapka Bank, Aapke Dwaar IPPB’s PHILOSOPHY: Here are the 3 features central to IPPB’s operating philoso​phy:

Brief Description : As per the orders of Directorate, provision for accepting Point of Sale transactions through Card Swiping Machine have been done and hence this release.   This update has to be installed only by the Post offices which have been authorized to use Card Swiping machine for various transactions.  Remaining Post Offices need not upgrade their software. This Update consists the following applications: ü Point of sale ü Treasury ü Desktop application developed by CEPT Hyderabad The new Desktop application developed by CEPT Hyderabad will manage the Card Swiping Transactions  and will provide various MIS reports required for account settlement and pairing Upgradation Procedure   v General ü   Ensure that Up-gradation is carried out after Day End in all modules.   ü   Ensure that the office is upgraded with Meghdoot 7.9.6   ü   Ensure that backups of all databases and mdb files are taken and securely preserved.  

After Meghdoot ATM Cash Replenishment Update  In Meghdoot Account Module while generating Cash Book  Error Occurs : "Invalid Column Name rsrplcommpaid" Solution : Download .exl file and Run Through Script Tool  ( Note :: Take Necessary DB Backup before running above Script ) Download

This Update of Meghdoot consists the following applications: ü Treasury ü Account MIS Client The pre-requisite for Update is Meghdoot Update 7.9.6 released by CEPT on 23.11.2016, which is available on ftp site at location ftp://cept.gov.in/Meghdoot7/Updates/meghdootupdate7.9.6/ General Instructions for Up-gradation : Ø   Ensure that the office is upgraded with Meghdoot 7.9.6 Ø   Ensure that backups of all databases and mdb files are taken and securely preserved. Ø   Ensure 100% successful running of the database up-gradation.  If any error occurs while executing any exl file, please send the log file to CEPT Help Desk. Ø   Treasury database up-gradation has to be done only at the end of the day’s work (or) after doing day begin in Subaccounts/Treasury applications on the following day for updating the newly created account heads to the current date. Ø   Please upgrade the applications in the following order: v   Accounts MIS Client  v  

BOs Not Showing For Invoicing Article or Taking Returns of Article  Reply From CEPT : Please download office master from speednet MIS login  and update through speedent communication. If the issue is not resolved , please check whether the BOs are available in the office master file. if not available , please forward a office addition request in the    proforma excel "Facility Master Template CSI.xls" available for download at  ftp://cept.gov.in/Proforma/  Alternative Solution : Download  Enable BO Tool From POTools.blogspot.in Office Showing Not Upgraded on SpeedNet MIS Even After Successful Upgradation of Office in Speednet Version 4.5 Office is Not Reflection on SpeedNet MIS SpeedNet MIS Link :   https://services.cept.gov.in/Speednet/ Reply From CEPT : If you have already upgraded but the messages were lost due to some reason, please download & run the attached file , unzip and run the  script file using scripttool.exe after ta

Download The list of major changes/updations incorporated in SpeedNet 4.5 are as follows: a)       Rationalisation of Discount Structure for Speed Post, Express Parcel and Business and revision of Operational Guidelines (Ref: BD&M Dte lr.no. 10-23/2013-BD&M dated 24.01.2017) b)       BO Returns modification (Ref: eMail dated 24.10.2016 from MB Division, Directorate) (i)  Removal of auto-population of date at the time of returns along with capturing of reasons for delay in updating BO returns with a delay of more than 2 days. (ii) Pop-up for BO articles pending for more than 2 days. c)        Segregating the delivery performance of BOs from the overall delivery performance of Account SO/HO (Ref: Directorate lr.no. 16-01/2016-D dated 08.11.2016) d)       Bugs resolution: (i)                  Capturing correct delivery office code in r/o SP articles for which delivery information is updated using the option – ‘Articles of Other Offices’ in Speednet (ii)