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GDS BPM Incentives in Post Office (DOP) & IPPB | Incentives Payable to GDS BPMs in DOP and IPPB

The Department of Posts (DOP) and India Post Payments Bank (IPPB) have outlined various incentive schemes for the Gramin Dak Sevaks (GDS) Branch Postmasters (BPMs) to encourage their participation and performance in various postal and banking services. These incentives are structured to reward BPMs for their contributions across different schemes and services. Below is a comprehensive overview of the incentive schemes available:


Download GDS BPM Incentives in DOP(Post Office) in PDF


POSB (Post Office Savings Bank)

  1. SB (Savings Bank)

    • Incentive: 1% of Net Accretion excluding deposits made in March but including withdrawals of March of not less than Rs. 500/-
  2. TD (Time Deposit)

    • 1 Year TD Deposit: 0.5%
    • 2 Year / 3 Year TD Deposit: 1.0%
    • 5 Year TD Deposit: 2.0%
  3. SAS (Special Savings Account) Agency

    • MIS / NSC / KVP: 0.5%
    • 1 Year / 2 Year / 3 Year / 5 Year TD Deposit: 0.5%

PM Schemes (Prime Minister Schemes)

  1. PMSBY (Pradhan Mantri Suraksha Bima Yojana)

    • Per successful registration: 0.50 Paisa
  2. PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana)

    • Per successful registration: Rs. 20/-
  3. APY (Atal Pension Yojana)

    • Per successful registration: Rs. 30/-

MAILS (Postal Mail Services)

  1. Speed Post
    • Booking: 0.50 Paise per Article
    • Delivery: 0.50 Paise per Article

PLI (Postal Life Insurance)

For First Year Incentive:

  • For EA, WLA, CWLA, YS, and Children Policy:
    • Up to and equal to 15 years: 4% of first-year premium
    • More than 15 years but less than or equal to 25 years: 10% of first-year premium
    • More than 25 years: 20% of first-year premium
  • For AEA (MONEY BACK) POLICY:
    • Less than or equal to 15 years: 5% of first-year premium
    • More than 25 years: 7% of first-year premium

For Renewal Year Incentive:

  • For All types of policies: 1% of Renewal Premium

RPLI (Rural Postal Life Insurance)

For First Year Incentive:

  • For all types of policies: 10% of first-year premium

For Renewal Year Incentive:

  • For all types of policies: 2.5% of renewal premium

IPPB (India Post Payments Bank)

  1. Various incentives for IPPB products and services including Premium Khata, SB Account, CA, CELC, AEPS, DSB, DLC, GI (General Insurance), PMJJBY, DMT (Domestic Money Transfer), and GPG (Guaranteed Pension Group) based on transactions and premiums.

These incentives serve as a means to motivate and reward GDS BPMs for their diligent service in facilitating postal, banking, and insurance activities, thus contributing to the growth and efficiency of the postal and financial sectors in India.

 ELIGIBLE INCENTIVES PAYABLE TO GDS BPMs IN DOP (DEPARTMEN) AND IPPB                                                                                                                                                        

POSB

Sl.No

Scheme Details

Description

Incentive Details

 

 

 

 

1

 

 

SB

Net Accretion excluding deposits made in the month of March but including withdrawals of March of not

less than Rs.500/-

 

 

1%

 

2

 

TD

1 Yr TD Deposit

0.5%

2 Yr / 3 Yr TD Deposit

1.0%

5 Yr TD Deposit

2.0%

 

 

3

SAS Agency (BPMs are eligible to get SAS Agency as per Rule 3(a) of SAS, 1959 vide Dte Lr.No.107-01/2020-SB dated 20.01.2021)

MIS / NSC / KVP

0.5%

 

1 Yr / 2 Yr / 3 Yr / 5 Yr TD Deposit

 

 

0.5%

PM Schemes

Sl.No

Scheme

Details

Incentive

4

PMSBY

Per successful registration

0.50 Paisa

5

PMJJBY

Per successful registration

Rs.20/-

6

APY

Per successful registration

Rs.30/-

PLI

For first Year Incentive (i.e, for first 12 Months) - PLI

 

Sl.No

 

Policy Type

 

POLICY PAYING TERM

 

INCENTIVE STRUCTURE

 

 

 

 

 

1

 

 

 

 

FOR EA, WLA,CWLA,YS AND CHILDREN POLICY

 

Up to and equal to 15 years

4 % of first year

premium

More than 15 years but less

than or equal to 25 years

10 % of first year

premium

 

More than 25 years

20 % of first year

premium

 

 

 

2

FOR AEA (MONEY BACK) POLICY

 

less than or equal to 15 years

5 % of first year

premium

 

More than 25 years

7 % of first year

premium

For Renewal Year Incentive (i.e, after 12 Months) - PLI

 

Sl.No

 

Policy Type

 

POLICY PAYING TERM

 

INCENTIVE STRUCTURE

 

1

 

For All types of policies

1% of Renewal Premium



RPLI

For first Year Incentive (i.e, for first 12 Months) - RPLI

 

 

 

 

 

Sl.No

 

Policy Type

 

POLICY PAYING TERM

 

INCENTIVE STRUCTURE

 

1

 

For all types of policies

10% of first year

premium

For Renewal Year Incentive (i.e, after 12 Months) - RPLI

 

 

 

 

 

Sl.No

 

Policy Type

 

POLICY PAYING TERM

 

INCENTIVE STRUCTURE

 

1

 

For all types of policies

2.5% of renewal

premium


IPPB

Sl.No

Product

Product Description

Incentive (in Rs.)

 

1

 

 

 

 

Premium Khata

SB Account without Aadhaar

Seeding

 

26.00

 

2

SB Account with only

Aadhaar Seeding

 

33.90

 

3

SB Account with Aadhaar

Seeding and VDC

 

48.43

 

4

CA With Instalation of UPI QR

and 2 trans within 30 Days

 

48.43

5

CELC

Per transaction

11.01

6

AEPS

Tran amount 3000 and above

3.90

7

DSB

DoorStep Banking Services

5.20

8

DLC

Digital Life Certificate

15.42

9

 

 

 

 

 

GI

Motor Insurance- Avg

premium amount 5000

 

195.00

 

10

Health Insurance- Avg

Pemium amount 8000

 

312.00

11

Nivabupa Policy - 755 /

Aditya Birla - 749

 

25.00

 

12

Nivabupa Policy - 555 /

Aditya Birla - 549

 

18.00

13

Tata - 520

17.00

14

Bajaj - 396

13.00

15

GAG Policy - 258

8.50

 

16

 

 

 

 

PMJJBY

JUN, JUL, AUG- Total

Permium- 436

 

8.74

17

SEP, OCT, NOV- Total

Premium- 242

 

7.03

 

18

DEC, JAN, FEB Total Prmium-

228

 

4.69

19

MAR, APR, MAY Total

Premium- 118

 

2.34

 

20

DMT(Domestic Money

Transfer)

 

Tran amount 10000

 

21.32

 

 

21

GPG(Guaranteed Pension

Group)

 

10 Lakhs customer

 

4264.00




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