Withdrawal of Minimum Balance Penalty by Banks

Ministry of Finance

Withdrawal of Minimum Balance Penalty by Banks

16 JUL 2019

According to Reserve Bank of India (RBI) guidelines, banks do not have any Minimum Balance requirement for Basic Savings Bank Deposit accounts (BSBD), including accounts opened under Pradhan Mantri Jan DhanYojana (PMJDY). As on March 2019, there were 57.3 crore BSBD accounts across the country including 35.27 crore (61.6%) Jan-Dhan accounts. Hence, for these accounts there are no charges for not maintaining minimum balance. BSBD accounts are considered normal banking services available to all and it offers certain basic minimum facilities free of charge.

For accounts other than BSBD accounts, as per RBI’s Master Circular on “Customer Service in Banks” dated July 1, 2015, banks are permitted to fix service charges on various services rendered by them, as per their Board approved policy, while ensuring that the charges are reasonable and not out of line with the average cost of providing these services. Further, banks have been advised to identify basic services and the principles to be adopted/ followed by them for ensuring reasonableness in fixing such charges. Banks are also advised to take steps to ensure that customers are made aware of the service charges upfront and changes in the service charges are implemented only with the prior notice to the customers.

This was stated by Shri Anurag Singh Thakur, Minister of State for Finance & Corporate Affairs in a written reply to a question in Lok Sabha today.

PIB

Scheme for providing immediate relief to the families of Railway Servants who die while in service

NFIR

Scheme for providing immediate relief to the families of Railway Servants who die while in service

Government of India

Ministry of Railways

Railway Board

No. E(W)2019/FU-1/6

New Delhi, dated 27.06.2019

The General Managers
All Indian Railways and
Production Units.

Sub: Scheme for providing immediate relief to the families of Railway Servants who die while in service

Ref: Board’s letter No.E(W) 1998/WE-6/6 dated 05.08.1999
Board’ s letter No. E(W) 2004/WE-6/9 dated 04.12.2009

Sanction of the President is hereby communicated to the following modification to the Ministry of Railways letter No.E(W)72/WE-6/15 dated. 21.04.1973 on the above subject as amended from time to time:-

“In Para-I (ii) of the letter ibid, substitute the figure of Rs.15,000/- by the figure Rs.25,000/-“.

2. This amendment takes effect from the date of issue of this letter.

3. This issues with the concurrence of Finance Directorate of the Ministry of Railways.

4. Please acknowledge receipt.

(D.V Rao)

Director Estt. (Welfare)

Railway Board

Source: NFIR

Strengthening of administration Periodic review of Central Government Employees under Fundamental Rule (FR) 56(j)/(l) and Rule 48 of CCS (pension) Rules, 1972

NFIR

No.25013/3/2019-Estt.A-IV

Government of India

Ministry of personnel, public Grievances & Pensions

Department of Personnel & Training

Establishment A-IV Desk

North Block, New Delhi

New Delhi, 20th June, 2019

Office MEMORANDUM

Subject: Strengthening of administration Periodic review of Central Government Employees under Fundamental Rule (FR) 56(j)/(l) and Rule 48 of CCS (pension) Rules, 1972

The undersigned is directed to refer to this Department’s O.M No.25013/1/2013-Estt.A dated 21.3.2014, OM No.25013/1/2013-Estt.A-IV dated 11.9.2015, 11.03.2016 and 10.8.2017 for periodic review of Central Government Employees for strengthening of administration under Fundamental Rule (FR) 56(j)/(l) and Rule 48 of CCS (pension) Rules, 1972.

The detailed guidelines on the above sunjeci are already in public domain at http://dopt.gov.in under Notifications -> OM & Orders -> Establishment -> Premature Retirement.

All Ministries / Departments are requested to undertake the periodic reviews in letter and spirit, including in public sector undertakings (PSUs) / Banks and Autonomous institutions, under their administrative control. Department of Public Enterprises will also compile and countercheck with all concerned Ministries / Departments.

The Ministries / Departments should ensure that the prescribed procedure like forming of opinion to retire a Government employee prematurely in public interest is strictly adhered to, and that the decision is not an arbitrary one, and is not based on collateral grounds as per the order of the Hon’ble Supreme Court in case of UOI & Col, J.N.Sinha [1571 SCR (1) 791].

All the Ministries / Departments shall furnish a report to Dop&T in the format given below by 15th day of each month starting from 15th July, 2019. Department of Public Enterprises are requested to also compile and countercheck the data with all concerned administrative Ministries / Departments in respect of PSUs before furnishing the report to DoP&T.

Number of employees to be reviewed under FR 56 (j) group-wise (A/B/C) – 1

Number of employees reviewed under FR 56 (j) group-wise (A/B/C) – 2

Number of employees reviewed and against whom FR 56 (j) invoked/ recommended group-wise (A/B/C) – 3

Number of employees retired prematurely under FR 56 (j) group-wise (A/B/C) – 4

(Surya Narayan Jha)

Under Secretary to the Government of India

Source: NFIR

General – Elections from 96 – Putkura Assembly Constituency in the State Legislative Assembly of Odisha and 8 – Vellore Parliamentary Constituency of Tamil Nadu

DoPT Orders 2019

F. No. 12/3/2016-JCA-2

Government of India

Ministry of Personnel, Public Grievances and Pensions

(Department of Personnel & Training)

Establishment (JCA-2) Section

North Block, New Delhi

Dated the July 16 2019

OFFICE MEMORANDUM

Subject: General – Elections from 96 – Putkura Assembly Constituency in the State Legislative Assembly of Odisha and 8 – Vellore Parliamentary Constituency of Tamil Nadu – regarding

The undersigned is directed to state that, as informed by the Election Commission of India vide their letter No. 437/ 6/ ECI/ INST/ FUNCT/ MCC/ 2019/ 515 dated 04.07.2019, General Election from 96 – Putkura Assembly Constituency in the State Legislative Assembly of Odisha will be held on 20.07.2019 (Saturday) and Election to 8- Vellore Parliamentary Constituency of Tamil Nadu will be held on 05.08.2019 (Monday).

In this regard, the guidelines already issued by this Department vide OM No. 12/ 14/99- JCA dated 10.10.2001 would have to be followed for the Central Government Offices, including industrial establishments, in the concerned State.

The above instructions may please be brought to the notice of all concer ed.

Hindi version will follow.

(Juglal Singh)

Deputy Secretary to the Government of India

Tel. 2309 2338

Source: DoPT