257 instant money order centres in AP

NPS will be offered at head post offices in AP

PTI | June 17, 2010



The New Pension Scheme (NPS) started by Government of India, will be offered in all 95 Head Post Offices in Andhra Pradesh, a top official said today.

"All 95 HPOs in Andhra Pradesh are identified as Point of Presence Service Provider (POP-SP) for accepting NPS transactions," K V Sundar Rajan, Chief Postmaster General (AP) Circle, told reporters here.

Explaining the scheme, which is regulated by Pension Fund Regulatory and Development Authority, Sundar Rajan said any citizen of India in the age group of 18 to 55 years can join the scheme with minimum contribution of Rs 500 per transaction under Tier-I account while the minimum contribution under Tier-II account is Rs 1,000 per transaction.

Referring to the Instant Money Order (iMO) Service, the Chief Postmaster General explained iMO is a web-based instant money transfer service offered between two individuals within India and there are 257 iMO centres in AP.

A minimum of Rs 1,000 and a maximum of Rs 50,000 can be sent through iMO, Sundar Rajan said adding "Instant Online money transfer service is instant and the money booked through iMO can be disbursed the very next minute."

Briefing on 'Money Order Videsh' service, he said MO-Videsh which facilitates remittance to foreign countries and also to receive remittances from abroad will be available at 95 HPOs.

The minimum and maximum amounts to be accepted is 100 USD and 5,000 USD, respectively, with maximum 12 transactions in a year and 2,500 USD per transaction,he said.

 

Comments

 

Other News

Cabinet approves museum at North-South Block complex

The Cabinet Committee on Economic Affairs, chaired by prime minister Narendra Modi, on Wednesday has approved the development of the Yuge Yugeen Bharat Museum (YYBM) at the North and South Block Complex, New Delhi, at an estimated total project cost of ₹3,230 crore, as appraised by the Public Investmen

Cabinet approves extension of Noida metro corridor

The Union Cabinet, chaired by prime minister Narendra Modi, has approved the extension of Aqua Line Metro Rail Corridor from Noida Sector-51 to Greater Noida Sector-04 of Noida Metro Rail Project with corridor for a length of 8.449 km with 5 elevated stations. On operationalization of this corridor, Noid

India reaffirms commitment to climate multilateralism

India has reaffirmed its commitment to climate multilateralism and the principles of Equity and Common But Differentiated Responsibilities and Respective Capabilities (CBDR-RC), calling for a fair, equitable and ambitious outcome at the 31st Conference of the Parties (COP31) to the United Nations Framewo

How the mind can help the body heal itself

Why do some people recover from illness against all odds? Can our beliefs, emotions and consciousness influence the body’s ability to heal? Drawing on over three decades of experience in medicine, research and medical innovation, internationally trained ophthalmologist and author Dr Dinesh Verma ex

1,364 anti-cancer formulations to cost less from today

The National Pharmaceutical Pricing Authority (NPPA), under the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, has capped trade margins on the Maximum Retail Price (MRP) of 137 anti-cancer drugs. This was based on the recommendations of an Expert Committee constitute

Who checks the books?

I read about the news about the Coimbatore library over coffee this morning. On the face of it, the headline was about a political ‘war’ between the DMK and TVK. But what stayed with me was something much more important than the blame game behind what had transpired. A writer walking through

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter