Friday, September 4, 2015

Revision of method for calculation of Income and Cost of Branch Post Offices (BOs)

This is regarding prorata updation of share of income of Branch Post Offices for its Post Office Savings Bank / Savings Certification (POSB/SC) and Wages Payment under Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) of the Postal Manual Vol.IV (Fifth Edition) as  amended subsequently vide O.M No.1-2/79-PRP dated 11.03.1982, Vide Letter No.1-2/79-PRP dated 04.12.1989 and vide Order No.1-2/93-Plg.II dated 15.09.1993.

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