Wednesday, December 13, 2017

Bimonthly meeting with PMG SK Region Bengaluru


DOPT trying best to clear backlog of promotions: Dr Jitendra Singh : Press Information Bureau

The Union Minister of State (Independent Charge) of the Ministry of Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr. Jitendra Singh said that the Department of Personnel & Training (DoPT) is trying its best to clear the backlog of promotions which had accumulated for several years. He said, while the Government led by the Prime Minister Shri Narendra Modi follows a policy of zero tolerance towards corrupt and non-performing officers, at the same time it is also supportive towards performing officers of integrity.
Dr Jitendra Singh was responding to a delegation of Central Secretariat employees who called on him here today and sought his intervention for timely promotion of lower grade staff members. They also submitted a memorandum on behalf the Central Secretariat MTS Association, wherein it was submitted that many of the lowermost working professionals in the Government of India get deprived of even single promotion during their entire service tenure.

Dr Jitendra Singh said, in order to bring in the ease of governance as well as objectivity in empanelments, the government has, in the last three years, improvised upon the procedures so as to ensure that there are no subjective preferences involved in carrying out the promotions. The procedures have been made more hi-tech using sophisticated technology tools to minimize the human interface, he added.

He said that in the past, every government took credit for bringing in a new legislation or rule while this government has done away with nearly 1500 rules which were either obsolete or had become irrelevant with the passage of time. All this is meant not only to ensure effective and timely delivery of outcomes for the public, but also to enable the employees to perform to the best of their ability, he added.

Dr Jitendra Singh said, he himself personally feels disturbed to come across cases where some of the employees working in the lowest rung of administration spend their entire service tenure of 30 to 35 years without securing a single promotion. He said, he has discussed the issue with all the senior officers in the Ministry and several innovative means are being evolved to avoid stagnation at middle and lower rungs of administration.

Dr Jitendra Singh also regretted that in a large number of cases, stagnation in promotions was the result of litigation amongst the employees themselves and even though the DoPT tries its best to put forward its view in the court of law, the delay becomes inevitable.

2018 International Letter Writing Competition for the Young People : DoP




CEPT Instructions: All the COD articles should be processed through system as COD.

If electronic data not received, please follow the steps detailed below. 


a) Any office which receives the COD Parcel physically can give request for electronic data. Server will send electronic data if available 

b) Booking information is available with the Server

c) Not marked as RTS by some other office Data entry option is also available from Ver 7.9.6 


d) If still the data is not received there may be some issue with the RNet communication etc. In such cases, please forward a copy of the RNet communication folder and a backup of the eCounter db for analysis.

Release of special cover and permanent cancellation on Shree Bahubalaiswamy Mahamasthakabhisheka Mohotsava 2018



CHQ News: GS requests to DDG (P) for holding of DPC for promotion to the cadre of PS Gr. B for the year 2017-18.

To,

Ms Manju Kumar,
Dy. Director General (P),
Department of Posts,
Dak Bhawan, Sansad Marg,
New Delhi-110 001.

Subject :    Holding of DPC for promotion to the cadre of PS Gr. B for the year 2017-18. 

Respected Madam,

          IP/ASP Association would like to invite your kind attention towards its letter of even number dated 30/9/2017 and 11/11/2017 whereby it was requested to call for records for convening regular DPC for promotion to PS Gr. B cadre for the year 2017-18. But till date Directorate has not issued the list of officers in the zone of consideration to Circles. All are well aware that this year DPC is badly delayed for the one or other reasons.   

         Furthermore it also bring to your kind notice that a large number of JTS vacancies are lying vacant in each and every Circles since long and PS Gr. B officers are officiating against these posts creating resultant vacancies in Gr. B in Circles and imbalance thereof upto IP/ASP level affecting timely promotion in each cadre and repatriation of deserving PS Gr. B officers to their home circle. Similarly, large numbers of PS Gr. B posts are vacant in each circle. Secondly, result of PS Gr. B examination is awaited.

          It is therefore requested to kindly direct SPG Division of Directorate to either circulate the names of the officers who are in the zone of consideration for promotion to the PS Gr. B cadre or give cut off year of IP batch in each category (OC, SC and ST) and call for their APARs and other required documents for the scrutiny etc. by allotting circle wise dates.

          We hope that your honour will look into this vital issue personally and take appropriate action to avoid further consequences.   

Yours sincerely,

 Sd/-
(Vilas Ingale)
General Secretary

Preparation and maintenance of Annual Performance Assessment Reports (APAR)


1) APARs graded below 4 will be given a score of zero.
2) APARs graded between 4 to 6 and short of 6 will be rated as 'good' and given a score of 5.
3) APARs graded between 6 and short of 8 will be will be rated as 'very good' and given a score of 7.
4) APARs graded between 8 and 10 will be rated as 'outstanding' will be given a score of 9 for the purpose of calculating average scores for empanelment /promotion. 

To view the details, please CLICK  HERE.  All members are requested to keep the copy of this ruling with them for record purpose. 

Service Desk Details for CSI and FSI support

Use the below URL to log ticket on SERVICE DESK . Kindly follow these steps for Quick resolution of the problem.

1. Log Ticket at "http://servicedesk.indiapost.gov.in" by using your SSO credentials.(24X7X365)

2. User can also log tickets directly through their Smart phones by using their SSO credentials. The mobile app can be downloaded by accessing url: "https://msd.indiapost.gov.in/EmployeeRegistration/"

3.Call our avr no. 022-62312700 for any assistance.

Note: CSI service desk do not support any email.

STEPS TO UPDATE MOBILE NUMBER, E-MAIL, AADHAAR NUMBERS IN CGHS DATABASE

IMPORTANT SUPREME COURT JUDGEMENT – MACP SHOULD BE GIVEN EFFECT FROM 01-01-2016

Frequently Asked Questions on timeline for completing Disciplinary proceeding in time bound manner under CCS (CCA) Rules, 1965 : DoPT







Classification of Posts under the CCS(CCA)Rules,1965 :DoPT


Friday, December 8, 2017

Bimonthly meeting with PMG HQ Region Bengaluru on 15-12-5017

    It is informed that bimonthly meeting with PMG HQ region to be held on 15-12-2017...

Aadhaar/Mobile Seeding in Finacle

Addendum to SB Order No. 15 / 2017 : Mandatory use of Savings Account for credit of maturity/premature value, monthly/quarterly/yearly interest in case of MIS/SCSS/TD accounts and investments from 15.12.2017


PLI - Highlights, Monthly Premium and Maturity value at the age of 50, 55 and 58


Economy Measures - Mandatory installation of LED based lightings in Government Buildings : Department of Expenditure

CHQ News: Views/opinion called for from all circles on proposal submitted by CHQ for cadre restructuring of Inspector Posts and Assistant Superintendent Posts


All Circle Secretaries, CHQ office bearers and members working in RO/CO are directed to meet the circle administration immediately and request them to submit their views / opinions on the proposal as suggested by CHQ in toto. It is learnt from Directorate that the proposal submitted by Association is practicable and working one.  

All are once again requested to give the top priority to this at their circle, otherwise if there is delay, then the present staff who are dealing the issue at Directorate will get transferred in ensuing rotational transfer. 

Probable Central DA from 1st January 2018

As we know that data for November and December is required tocalculate the exact amount of D.A. payable from 1st January. These data will be made available on 31st December and 31st January.

If it is assumed that current level (287) is maintained in the next two months, there will be an increase of 2% D.A. / D.R. payable from 1st January 2018. The position can change only if the number drastically increases or decreases in the next two months.

So it can be predicted that there will be an increase of 3% D.A. / D.R. from 1st January 2018. 

Monday, December 4, 2017

10 Income Tax rules you need to know

1. Tax saving on house rent allowance

House rent allowance, commonly known as HRA, is a major chunk of a salaried individual's total pay. Under Section 10 (13A) of the Income Tax Act, you can save tax on the rent you pay to your landlord. However, you get partial tax benefit on the rent you pay. The amount that is allowed for exemption under HRA is calculated as the minimum of:

i) Rent paid annually minus 10 per cent of basic salary plus dearness allowance
ii) Actual HRA received
iii) 40 per cent of basic and dearness allowance (50 per cent in case of metro cities).

Your HRA allowance will be taxable if you are not paying any rent or you stay in your own house. But those who stay with their parents can also claim HRA benefits by paying rent to their parents.

2. Deductions under Section 80C

One can claim tax benefit on investments up to Rs 1.5 lakh under Section 80C of the Income Tax Act. If you fall in the highest tax slab (30 per cent), by investing Rs 1.5 lakh you can save tax for up to Rs 46,350 (including cess charges.) per year. Investments that qualify for tax benefit under this section are Employees' Provident Fund (EPF), Public Provident Fund (PPF), Sukanya Samriddhi Account, National Savings Certificate and tax-saving fixed deposits. The premium paid for life insurance plans, National Pension Scheme (NPS) and tax-saving mutual funds (ELSS) also qualify for deduction under Section 80C.

One can also claim tuition fees paid for up to two children, principal repayment on home loan, stamp duty and registration cost on the house bought as a deduction under Section 80C.

Read: Save income tax through mutual fund investment. All you need to know

3. Deductions under Section 80CCD(1B)

This section was introduced in Budget 2015-16. Under this section, one can get tax benefits on investments up to Rs 50,000 in NPS tier 1 account. This is over and above the Rs 1.5 lakh limit under Section 80C. An individual in highest tax bracket can save Rs. 15,450 by investing Rs. 50,000 in NPS under Section 80CCD(1B).

4. Deduction under Section 80E

If you have taken an education loan for yourself, spouse or children, then the interest paid on the loan qualify for tax benefit under Section 80E. The best thing here is that there is no upper limit on the amount of deduction. But the criteria is that the loan must have been taken from a financial institution or approved charitable institution and for full-time higher education.

5. Deduction of interest on housing loan (Section 24B)

If you have taken a housing loan to buy a house, then the interest you pay on your housing loan qualify for tax benefit under Section 24B. Interest paid up to Rs 2 lakh in a financial year on housing loan is allowed as deduction from your income. If you have taken a home improvement loan, then interest up to Rs 30,000 will be allowed as deduction under this section.

6. Deduction under Section 80EE

Re-introduced in Union Budget 2016, an additional deduction of Rs. 50,000 is available under this section, which is over and above the limit of Section 24B on interest paid on home loans if a person is buying a house for the first time. But there is a condition to avail this benefit. The cost of the property must be below Rs 50 lakh and the loan amount must be less than equal to Rs 35 lakh.Also, the property must be bought after April 1, 2016.

7. Deduction under Section 80D

Premiums paid for health insurance for self, spouse, children, and parents qualify for deduction under Section 80D. One can claim deduction of Rs. 25,000, if he is below 60 years of age, and Rs. 30,000 if he is above 60 years of age, towards medical insurance premium paid for self, spouse and children. Under this section, additional deduction of Rs. 25,000 is available if one buys medical insurance for his parents. This deduction can go up to Rs. 30,000 per year if parents are above the age of 60 years. So the total deduction you get under Section 80D is up to Rs 60,000.

8. Deduction under Section 80DD

If a tax payer has dependent parents, spouse, children or siblings who are differently-abled, then he can claim deductions up to Rs. 75,000 for expenses on their maintenance and medical treatment under this section. If the disability is severe in nature, then the deduction can increase to Rs 1.25 lakh.

9. Deduction under Section 80DDB

Under this section, one can claim deduction of Rs. 40,000 for medical treatment of specified disease or ailment for self and dependents. The deduction can go up to Rs. 60,000 if the tax payer is above 60 years of age and if he is above 80 years of age, then the deduction amount is up to Rs. 80,000. The diseases have been specified in Rule 11DD. To claim this benefit a certificate in form 10 I is to be furnished by the taxpayer from any registered doctor.

Also Read: Mutual fund: Should you opt for regular plan or direct plan for wealth creation

10. Tax benefit under Section 80TTA

Under this section, interest income up to Rs 10,000 per annum from savings account is allowed as deduction from taxable income. However, interest earned from fixed deposits, term deposits does not qualify for deduction under this.

DOP Changing with changing time

 





PROCEDURE FOR SURRENDER OF "LAPSED" POLICIES OF PLI / RPLI



'Qualified Status' to the APS candidates/examinees qualified in Limited Departmental Competitive Examination(66.66%) for promotion to the cadre of Inspector Posts for the year 2015-16 (01.01.2015 to 31.03.2016) held on 22nd & 23rd October,2016.





Thursday, November 30, 2017

Reply from CO Bengaluru on recast of the circle gradation list of Karnataka Circle IPASPs...


Instructions for processing foreign visits of officers of the Government of India for approval of Screening Committee of Secretaries (SCoS)

                          To view please Click Here.

CHQ News: DPC for promotion to the PS Gr. B cadre for the year 2017-18

GS informed that, Today, discussed the issue with concerned officers at Directorate about holding of DPC. I am told that the list of the officers who are in the zone of consideration will be circulated very soon.

Down gradation of Chinchbunder HO-400009 (PS Gr-B Gazetted) into Sub Post Office (HSG-I) and Up gradation of the status of Chembur HO-400071 (HSG-I) to the level of PS Gr-B Gazetted HO


Instructions for processing foreign visits of officers of the Government of India for approval of Screening Committee of Secretaries (SCoS)


CCS (Classification, Control and Appeal) Rules, 1965- Classification of Posts

Wednesday, November 22, 2017

Karnataka Circle Chess champions....

Right to left-Sri. Vadiraj, PA, Mandya Dn, Sri T. V. Venkatesh Upadhyaya PA, Tumkur Dn, Sri P.V.Damodar, AD PLI NKRO, Dharwad , Sh.Nagaraj  Ballari RMS,  Sh. Sharad Mishra, JE, Electricla Wing, Basavanagudi.

  We wish them all the best in national level...

Amendments in various statutory rules of Small Savings Schemes by Ministry of Finance ( DEA) regarding : Department of Post.



Instructions to be followed during issue of ATM Card

CIF level Checks  
•    Below issues at CIF will lead to non activation of cards:
Ø Last name column in CIF should not exceed 35 Characters
Ø Last Name column in CIF should not contain special and numeric characters
Ø Address line  at CIF level should not exceed 35 characters and special character s like (<, >, ?)
Ø Name at account level should be as mentioned in the CIF

•       Wrong issuance of Instant Cards
•       SOLs are dispatching Instant ATM card duly linked to the account by post which may lead to mis-appropriation as both PIN and card will be available in the same envelope.
•    SOLs are placing New card request after hot listing /personalized card request / Replacement /closure which will lead to non-activation of new card request and that kit/card cannot be used further and reflects in inactive cards.
•       Issuing of new kit for the CIF which was already issued with another Kit number.

•       WRONG ATM PIN REQUEST
•       SOLs are placing ATM PIN request multiple times with out waiting for the receipt of PIN from National ATM Unit.
•      Many SOLs are just sending mails for duplicate PIN with out placing request in CCMM menu

•       Closure of ATM Card
•       SOLs are closing the accounts with out closing the ATM cards. Such cards will be in active status and cannot be closed in later stage.
•     Few SOLs have closed the existing cards and again placed new card request, which will not get activated.

•       CIF merger of ATM issued accounts
•      Once the ATM cards are issued to any of the SB accounts, such CIFs should not be merged to any other CIF.
•      After merging the CIF, one more card is being issued to the new CIF of the same account. In such a case both the cards will be active and lead to fraudulent transactions.

•       Eligibility criteria Issuing of ATM cards
•       Cards should be issued only to SB General and Pension accounts.
•       In case of Joint, should be issued only to Joint “B”
•     ATM cards should not be issued to Minor, Illiterate, Joint “A”, SBBAS, BO accounts and Lunatic accounts.
•      Only one card per customer should be issued. In case of multiple accounts, linking should be done after activation of card with the primary account.

Procedure for issue of duplicate ATM cards in case of missing of the original one :

Under CCMM menu use Modify function and enter CIF id and in the next screen select Action as "hotlist and replace or Replacement in case already hotlisted. Then select Card type as Personalized and again click on Instant. Then enter the Instant kit number which is to be issued to the customer and card will get activated after 24 hours.

CHQ News: Implementation of cadre restructuring to Inspector Posts cadre


CHQ News: Holding of DPC for the promotion into PS Gr. B and JTS Gr.A cadre and issue of combined seniority list of Inspector Posts cadre from 2001 onwards


CHQ News: Holding of LDCE timely


CHQ News: Prescribing specific role and re-organize the Division and Sub Division


CHQ News: Holding of DPC for promotion to the cadre of PS Gr. B for the year 2017-18


Banking Facility For Senior Citizen And Differently Abled Persons – RBI

RESERVE BANK OF INDIA

RBI/2017-18/89
DBR.No.Leg.BC.96/09.07.005/2017-18
November 9, 2017

All Scheduled Commercial Banks (including RRBs)
All Small Finance Banks and Payments Banks

Dear Sir/ Madam,

Statement on Developmental and Regulatory Policies – October 4, 2017 – Banking Facility for Senior Citizens and Differently abled Persons.

Please refer to Paragraph 8 of Statement on Developmental and Regulatory Policies, released by Reserve Bank of India on October 4, 2017 as part of Fourth Bi-monthly Monetary Policy Statement 2017-18, a copy of which is enclosed. It has been observed that there are occasions when banks discourage or turn away senior citizens and differently abled persons from availing banking facilities in branches. Notwithstanding the need to push digital transactions and use of ATMs, it is imperative to be sensitive to the requirements of senior citizens and differently abled persons.

2. In view of the above, banks are required to put in place appropriate mechanism with the following specific provisions for meeting the needs of such customers so that they are able to avail of the bank’s services without difficulty.

(a) Dedicated Counters/Preference to Senior Citizens, Differently abled persons

Banks are advised to provide a clearly identifiable dedicated counter or a counter which provides priority to senior citizens and people who are differently abled including visually impaired persons.

(b) Ease of submitting Life Certificate

As per extant guidelines issued by Department of Government and Bank Accounts, in addition to the facility of Digital Life Certificate under “Jeevan Praman” Scheme (refer circular DGBA.GAD.H-2529/45.01.001/2014-15 dated December 9, 2014), pensioners can submit physical Life Certificate form at any branch of the pension paying bank. However, it is observed that often the same is not updated promptly by the receiving branch in the Core Banking Solution (CBS) system of the bank, resulting in avoidable hardship to the pensioners. It is, therefore, advised that banks shall ensure that when a Life Certificate is submitted in any branch, including a non-home branch, of the pension paying bank, the same is updated/ uploaded promptly in CBS by the receiving branch itself, to avoid any delay in credit of pension.

(c) Cheque Book Facility

(i) Banks shall issue cheque books to customers, whenever a request is received, through a requisition slip which is part of the cheque book issued earlier.

(ii) Banks are advised to provide minimum 25 cheque leaves every year, if requested, in savings bank account, free of charge.

(iii) Banks shall not insist on physical presence of any customer including senior citizens and differently abled persons for getting cheque books.

(iv) Banks may also issue cheque books, on requisition, by any other mode as per bank’s laid down policy.

It is further clarified that providing such facility in BSBDA will not render the account to be classified as non-BSBDA (c.f. Bank’s response to query number 14 and 24 of our circular “DBOD.No. Leg. BC.52/09.07.005/2013-14 dated September 11, 2013 on Financial Inclusion – Access to Banking Services – BSBDA – FAQs”).

(d) Automatic conversion of status of accounts

Presently, in some banks, even fully KYC – compliant accounts are not automatically converted into ‘Senior Citizen Accounts’ on the basis of date of birth maintained in the bank’s records. Banks are advised that a fully KYC compliant account should automatically be converted into a ‘Senior Citizen Account’ based on the date of birth available in bank’s records.

(e) Additional Facilities to visually impaired customers

Banks are advised that the facilities provided to sick/old/incapacitated persons vide Paragraph 9 of our Master Circular DBR.No.Leg.BC.21/09.07.006/2015-16 dated July 1, 2015 on Customer Service in Banks (regarding operations of accounts through identification of thumb/toe impression/mark by two independent witnesses and authorising a person who would withdraw the amount on behalf of such customers) shall also be extended to the visually impaired customers.

(f) Ease of filing Form 15G/H

Banks are advised to provide senior citizens and differently abled persons Form 15G/H once in a year (preferably in April) to enable them to submit the same, where applicable, within the stipulated time.

(g) Door Step Banking

We have issued instructions on Doorstep Banking vide circular DBOD.No.BL.BC.59/22.01.010/2006-2007 dated February 21, 2007 under Section 23 of Banking Regulation Act, 1949. However, in view of the difficulties faced by senior citizens of more than 70 years of age and differently abled or infirm persons (having medically certified chronic illness or disability) including those who are visually impaired, banks are advised to make concerted effort to provide basic banking facilities, such as pick up of cash and instruments against receipt, delivery of cash against withdrawal from account, delivery of demand drafts, submission of Know Your Customer (KYC) documents and Life certificate at the premises/ residence of such customers.

3. Banks are advised to implement these instructions by December 31, 2017 in letter and spirit and give due publicity in their bank branches and website.

Yours faithfully

(Saurav Sinha)
Chief General Manager

Statement on Developmental and Regulatory Policies, Reserve Bank of India issued by the Governor on October 4, 2017

8. Banking Facility for Senior Citizens and Differently abled Persons It has been reported that banks are discouraging or turning away senior citizens and differently abled persons from availing banking facilities in branches. Notwithstanding the need to push digital transactions and use of ATMs, it is imperative to be sensitive to the requirements of senior citizens and differently abled persons. It has been decided to instruct banks to put in place explicit mechanisms for meeting the needs of such persons so that they do not feel marginalised. Ombudsmen will also be advised to pay heed to complaints in this context. Necessary instructions in this regard will be issued by end-October 2017

Source:www.rbi.org.in  

Special Cover on Birth Centenary of Smt. Indira Gandhi – 19th November 2017.

On the occasion of the Birth Centenary of Late Smt. Indira Gandhi, a Special Cover was released at Allahabad on 19th November 2017 by Mrs. Roopa Shankar, Mrs. Samina Naqvi, Mr. Narsingh, SSRM of Post Office and Mr. Pramod Kr. Bansal, the President of Prayag Philatelic Society at the function held at Head Post Office, Allahabad. (Special Cover approval no. UP/17/2017).


Special Cover on Birth Centenary of Smt. Indira Gandhi

Special Cover on Birth Centenary of Smt. Indira Gandhi

Thursday, November 2, 2017

Minutes of four monthly meeting with CPMG Karnataka Circle Bengaluru held on 28-07-2017




Maximum age of joining National Pension System (NPS) increased from the existing 60 years to 65 years under NPS- Private Sector

Press Information Bureau
Government of India
Ministry of Finance
01-November-2017 17:08 IST

Maximum age of joining National Pension System (NPS) increased from the existing 60 years to 65 years under NPS- Private Sector. 
In continuance of the several initiatives under taken by Pension Fund Regulatory and Development Authority (PFRDA) during the last few years to increase the pension coverage in the country, PFRDA has now increased the maximum age of joining under NPS-Private Sector (i.e. All Citizen and Corporate Model) from the existing 60 years to 65 years of age.

         Now, any Indian Citizen, resident or non-resident, between the age of 60- 65 years, can also join NPS and continue up to the age of 70 years in NPS. With this increase of joining age, the subscribers who are willing to join NPS at the later stage of life will be able to avail the benefits of NPS.

         NPS provides a very robust platform to the subscriber to save for his/her old age income security. Due to the better healthcare facilities and increased fitness, along with the opportunities and avenues available in the private sector as well as in the capacity of self-employment, more and more people in their late 50s or 60s are now living an active life allowing them to be employed productively.

         The subscriber joining NPS beyond the age of 60 years will have the same choice of the Pension Fund as well as the investment choice as is available under the NPS for subscribers joining NPS before the age of 60 years.

         Subscriber joining NPS after the age of 60 years will have an option of normal exit from NPS after completion of 3 years in NPS. In this case, the subscriber will be required to utilize at least 40% of the corpus for purchase of annuity and the remaining amount can be withdrawn in lump-sum.

         In case of such subscriber willing to exit from NPS before completion of 3 years in the NPS, he/she will be allowed to do so, but in such case, the subscriber will have to utilize at-least 80% of the corpus for purchase of annuity and the remaining can be withdrawn in lumpsum.

         In case of unfortunate death of the subscriber during his stay in NPS, the entire corpus will be paid to the nominee of the subscriber.

         The increase in joining age will provide the options to the subscribers who are at the fag-end of the employment and expecting lump-sum amount at the time of retirement, but willing to defer their retirement planning for future, to open the NPS account and contribute the lump-sum corpus to NPS for better fund management by Professional Fund Manager to fetch better returns and plan for the regular income after some time. The Annuity rates available in the older age fetch better annuities than that at the age of 60 or less age.

This initiative will allow a larger segment of the society particularly senior citizens to reap the benefits of NPS and plan for their regular income.