HONORARIUM / INCENTIVE IN INDIA POST


I)  SB commission paid to BPMS
 1) one year TD                                        0.5%
 2)Two years & three years TD               1%
 3) five years TD                                         2%
 4) POSB                                                     2% on net accretion of not less than Rs.500.excluding deposit made in March but including withdrawals of March.

II)  Incentive@ 2% of the sale of stamps/stationery up to Rs 30/- to each customer.
III) Commission paid to PRSS:
    1) One year TD                                         Nil
    2)2 &3 year TD                                         1%
    3) 5 year TD                                             2%
    4) 6Year NSC VIII issue                          0.5%
 
IV) MIS
    1) Opening of account
        a)Supervisor                                      Rs  0.50  per account 
        b)Asst.                                              Rs  1.00       "
        c) LC                                                 Rs  0.50       "
   2) Payment 
        a)Supervisor                                     Rs  0.50        "
        b) Counter PA                                   Rs  1.00        "
        c) LC                                                Rs  0.50        :
Ceiling is for individual for Rs.250 p.m and not per counter of office
V) Speed Post Incentive
1)   Rs.0.50 is payable for each SP article booked where no seperate booking counter is provided for speed post work.
2)  Incentive of Rs.0.75 per article booked over and above the threshold specified where seperate post has been sanctioned for speed post work. 
3)  Incentive of Rs.0.50 per article delivered in addition to his other normal duties.
4)  Rs 5/- per customer in respect of articles booked under special journal.
5)  No incentive is payable to postman whose return is morethan 2%

NREGS WORK
Incentive is admissible when atleast 10 transactions in the account in a financial year.Both deposits and withdrawals will be taken in to account of the purpose of arriving at the number of transactions.
1. GDS BO with one official only  Rs.8.60 per account per annum
2. GDS BO with 2 officials  GDS BPM- Rs7.60 per account per annum
                                   other GDS official-Rs.1.00 per account per annum
3.GDS BO with 3 officials-GDS BPM-Rs.6.60                      "
                                                    GDS-1     - Rs.1.00                      "
                                                    GDS-II     - Rs.1.00                       "
SUB POST OFFICES
Rs.4.40  per account per annum having 10 transactions in a financial year.
SPM(Clss-III)-----------Rs.3.40
Group-D/Packer ------Rs.1.00
SPM (Cl-II & Cl -I)
Supervisor-                   Rs.1.40
Postal Asst.                   Rs.2.00
Group-D/Packer         Rs.1.00
LSG & HSG POs
Supervisor                    Rs.1.15
SBPA                               Rs.2.00
Group-D/Packer        Rs.0.50
Treasurer                     Rs.0.50
C.O                                 Rs.0.25
HEAD POST OFFICES
Supervisor                 Rs.0.50
LC                                  Rs.1.00
PA.SBCO                     Rs0.25
SupervisorSBCO      RS.0.25
Treasurer                    Rs.0.50
Group-D/Packer      Rs.0.25
C.O                               Rs.0.25
INCENTIVE ON PLI/RPLI BUSINESS
i)DO PLI------Up to Rs.4 crores of sum assured---------        Nil/-
Above Rs.4 Crores and up to 6 crores of sum assured-    Rs.20/- per Rs. 10000 sum assured.
Above Rs.6 crores of sum assured                                                                      "
Incentive for field officer
Up to Rs.30 lacs of sum assured                                                Rs.15/- per Rs.10000 of sum assured
Above Rs.30 Lacs and up to 40 lacs                                           Rs.17.50                  "
Above Rs.40 lacs and up to 50 lacs                                            Rs.20/-                    "
Above Rs 50 lacs of sum assured                                               Rs.25/-                     "
LUMP SUM INCENTIVE
For effective business of atleast Rs.5 lacs--                         Rs.625/- only
                         "                         atleast Rs.10 lacs                          Rs.1250/- only
For effective business of every Rs. one lac                           Rs.125/- per every one lakh of effective 
over and above Rs.10/- lacs                                                                           business

GDS EMPLOYEES FOR PROCUREMENT OF PLI/RPLI BUSINESS
RS.2.50 PER One thousand sum assured.
Rs.1% on renewal of premium
SDIs/ASPOs/PRI(P)/POSTMEN/POSTAL ASSTs
RS.25/- per Rs.10000/- sum assured up to 2 crores of sum assured
Rs.20/- per Rs.10000/- sum assured for above 2 crores of sum assured
SDIs/ASPOs shall get commission of 10% on the total incentive paid to GDS staff  on sum assured only for processing the proposal.

MO/RURAL POSTMEN
Rs.2.50 per 1000/- sum assured for procuring business
Direct Agents will get incentive as per Field Officers

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