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

Gandhian movement after Gandhi failed: Ram Guha

The Gandhian movement in India, after Gandhi’s death, failed, says Ramachandra Guha, and blames Vinoba Bhave for it. But the movement found new, fertile grounds around the world and succeeded in bringing about a change in South Africa, the US and elsewhere. It is high time it returned home. Of cour

When religion, politics and Bollywood come together

Tavleen Singh, noted journalist and political commentator, has turned to fiction, with her debut novel ‘The Actor’ (HaperCollins India). Set in the near future, it has a superstar, Amit Singh, turning to politics, when the political landscape is dominated by prime minister Guru Gaynendraj

Cabinet approves setting up of Integrated Transport & Logistics Authority

The union cabinet, chaired by prime minister Narendra Modi, on Tuesday approved the setting up of a Special Purpose Vehicle (SPV), called Integrated Transport & Logistics Authority (ITLA), to strengthen research, planning, appraisal, monitoring and impact assessment within the broad domains of Transp

Why foundational literacy and numeracy is key to school education

Foundational Literacy and Numeracy (FLN) are often described as the building blocks of education. Yet, their significance goes well beyond a child’s ability to read a sentence, write a response or solve a basic mathematical problem. These foundational skills shape how children understand the world,

When police data becomes the algorithm

For decades, policing has followed a familiar sequence: a crime occurs, the police respond, an investigation produces records and those records become part of the institutional memory of the criminal justice system. Artificial intelligence is beginning to alter that sequence. Instead of merely recording

Before India voted, the framers worried about the referee

“We are making a Constitution forever and not only for today.” Shibban Lal Saksena said this in the Constituent Assembly on June 15, 1949. He was warning that a ruling party might one day choose a loyalist to run India’s elections. Seventy-seven years later, the Supreme Court is wrestli

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter