New DPT: Guidelines and instructions for sending files

1.   What is Data Profiling tool (DPT)

Data profiling tool is computer software application/program developed by M/s Infosys to find out the discrepancies in the currently running database of Sanchay Post application. This application can be installed and executed as per instructions issued by SDC, Chennai.

2.   Output of Data Profiling Tool

Data profiling tool generates and provides the data discrepancies outcome in form of CSV files. Out of the generated CSV files one encrypted file is generated containing “_ency.csv” characters. The file name will be prefixed with some other characters also.  Example:

Overall Summary Report 8 Jun 2013 13.9.58_ency.csv

The file containing “_ency.csv” characters is the encrypted file and cannot be read. Any attempt to modify this file will corrupt the file. For reading purpose non-encrypted file is also generated by the tool.

3.   What is PO Code

The PO code is code assigned to all Head Post offices and Sub Post offices under CBS Monitoring Web Site. This code is prefixed with the PIN code of the respective office. The offices which are able to login in the CBS Monitoring web site can simply find this code in the first page of web site itself which is reflected as “OFFICE CODE” in the right top corner.

Note: The list of PO Codes is also available in the Annexure – I of this document.

4.   What is to be Done

a.    Rename the encrypted file generated by Data Profiling Tool

The file name for encrypted file is to be changed in the following format

PO CODE + _ency.CSV

Example: For Ajmer HO the file shown in step 2 will be renamed as

305001512_ency.CSV

NOTE: If the file is not properly renamed or encrypted file is not used , the decoder application at Directorate will 

reject the file and will not be used for uploads.

b.   Email the renamed encrypted file

·        `The Subject of the e-mail should be CBSMON only. The emails with any other subject characters will be rejected by the decoder application.

·        Attach the Renamed Encrypted file to the mail.

·        Send E-Mail to dopmonitoring@gmail.com

5.   What happens at Directorate

The files received at above email Id will be received, the attachments will be downloaded and decrypted. The data files for CBS Monitoring web site will be created through the decrypted files and then the data files will be uploaded at the CBS Monitoring web site by next working date.

Bank Rate Incresed

As announced in the Third Quarter Review of Monetary Policy 2013-14 dated January 28, 2014, the marginal standing facility (MSF) rate has been increased by 25 basis points from 8.75 per cent to 9.0 per cent with effect from January 28, 2014.

Accordingly, the Bank Rate also stands adjusted to 9.0 per cent with immediate effect.

India Post to install 3000 ATMs,1.35 lakh mirco-ATMs by Sept 15

Even as its application to start a commercial bank is pending, India Post has drawn a massive plan to install as many as 3,000 ATMs and 1.35 lakh micro-ATMs at the ubiquitous post offices across the country for savings account holders by September 2015, a top official has said.

"We will be starting with three ATMs to be installed in New Delhi, Chennai and Bangalore on February 5 and then ramp it up gradually," postal department secretary Padmini Gopinath told a select group of reporters here over the weekend.

She said 1,000 ATMs with the India Post branding will be put in within the first year, which will be ramped up massively to 3,000 in the next 18 months.

To start with, the ATMs can be used only by 26 crore savings account-holders who save with the postal department, but Gopinath exuded confidence that within six months of the launch, they will get the interoperability permission from the Reserve Bank.

Postal savings are worth around Rs 6.05 trillion, which is half the savings in the largest lender SBI and more than double that of the largest private sector lender ICICI Bank.

Through interoperability, India Post will join the National Financial Switch, which will benefit India Post account holders to transact at the banks' ATMs and vice versa, she added.

India Post has been working with software major Infosys on this project, she added.

The micro ATMs will be handheld devices to be operated at the post office level while the ATM will be similar to the one operated by any commercial bank, she added.

The postal department, which has 1.55 lakh post offices over 90% of which are in villages, offers the savings account to people across the country and pays an interest of 4% per annum for such deposits. The account offers cheque facility at present.

It can be noted that the Department of Posts is fighting a very contentious battle to convert itself into a full-fledged bank, asserting that its reach can help achieve the goal of financial inclusion.

However, the finance ministry has expressed some reservations about the idea, while Telecom Minister Kapil Sibal has exuded confidence of winning over his Cabinet colleagues to get the go ahead for the 'Postal Bank'.

Source: Business Standard

India Post expects to start core banking pilot in Delhi

The Department of Posts will start a pilot for core banking services in the national capital on January 27 and expects to formally launch it by March-end.

"On Monday, India Post will start the pilot of core banking services in Delhi," an official source told PTI.

The Department of Posts, which is under the Ministry of Communications & Information Technology, has started such pilot projects in Assam, Uttar Pradesh, Rajasthan, Maharashtra, Karnataka and Tamil Nadu. It plans to set up 1,000 ATMs to transform its financial services.

Delhi will initially have 20 ATMs installed at post offices from where customers of other banks will be able to transact. By March, 90 of the 350 post offices in Delhi are expected to be connected with core banking services.
India Post is among the applicants for new bank licences that will be issued by the Reserve Bank of India.

The department has been trying to get approval from the Public Investment Board under the Finance Ministry for a Rs 623 crore fund that India Post needs for the banking licence.

Minister for Communications and IT Kapil Sibal on Friday said his ministry has been trying hard to persuade the Finance Ministry to get the proposal cleared.

"We are yet to go some way to convert the postal department in into a post bank. We have been fighting this battle and we are not going to give it up till we reach a logical conclusion," Sibal said.

The department plans to ramp up the number of ATMs at the pan-India level to 3,000 by September 2015.

Source: Economic Times