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New schemes of Postal department
Correspondent/ with inputs from NEPS KOHIMA, JUN 11 (NPN):
Published on 12 Jun. 2010 12:03 AM IST
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State Postal Department has launched New Pension Scheme (NPS) through post offices for all citizens under the Pension Fund Regulatory and Development Authority. The New Pension Scheme is open to all citizens of the country including Non-Residential Indians and non-government servants between the age of 18-55 years.
While the NPS was launched in May 2009, the scheme was introduced in the North east circle with effect from April 2010. Director of Postal Services, K. Kevichüsa informed during a press conference Friday that around 20-30 customers had enrolled in the scheme in Nagaland. He pointed out that any citizen, even non-government servants, can enroll in the scheme by paying a specified amount till he retires or reaches 60 years, an age of retirement by default, and then get the amount in the form of pension.
Minimum amount to be deposited is Rs.500 as subjected to a minimum annual deposit of Rs.6000, to be paid for four times minimum per year. A subscriber can contribute through cash, local cheque or demand draft, while outstation cheques will not be accepted. The two options available to subscribers are Tier I, a non-withdrawal account to which subscribers can contribute his savings for building of retirement corpus which is mandatory; and Tier-II, a voluntary savings facility where subscribers can freely withdraw their savings whenever they wish.
The scheme will be operated through organizations like SBI, ICICI, UBI etc which are designated as Points of Presence to operate scheme through identified post offices.
The Postal Department will also introduce Money Order Videsh, a domestic version of Western union money transfer wherein the office will facilitate sending and receiving of money to and from foreign countries. The scheme is normally operated through organizations which are designated as Points of Presence (POP) through identified Post Offices. 817 HOs throughout the country have been enlisted as POP to operationalize NPS and Kohima Post Head Office is one of them, stated the Postal Director.
There will be two types of sending charges: charges collected from the money sender as in the case of domestic money order and charges deducted from the amount payable to the beneficiary. The inward remittance up to Rs 50000 can be received in cash and the above Rs 50000 will be paid by cheque or credited into Post Office account of the payee. Each inward remittance shall not exceed 5000 US$ at a time and a maximum of 12 inward remittances are allowed in a year. However outward remittances are allowed to RBI limitations, he added.
He also explained that limit of outward remittance would differ from country to country depending on the bilateral agreements with the countries concerned.
Postal department has also started Instant Money Order service, an instant online money transfer service which is already running in Kohima, Dimapur, Wokha, Mokokchung, Mon, Zunheboto and Tuensang. IMO is an instant web based money-transfer service through post offices (IMO centres) between two resident individuals in Indian territory.
Kevichusa also said Instant Money Order (IMO) of India Post Office was convenient, reliable and affordable, because it was instant online transferring of money.
Receiver of money have to present 16 digit IMO number at any designated IMO Post Office counter with a filled up “To Make Payment” (TMP-1) form along with identity proof. These identity proofs can be Voter’s I-Card, PAN Card, Ration Card with photo of the receiver, Post Office identity card, driving License, Passport, School/Collage Identity Card and Official Identity card, etc.
One can transfer money from INR 1000 to INR 50,000 from designated IMP Post Offices. State Postal Department plans to link the IMO service to the rest of the districts following internet connectivity. This service comes as good news to citizens of Kohima, Dimapur and Mokokchung and the whole state. Now they can send money to their loved ones, family members and children pursuing studies or undergoing treatment in many countries of Europe, America, Asia and Middle East in seconds.

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