GDS BPM Incentive Scheme 2026 – Complete Guide on TD & Savings Account Commission
GDS BPM Incentive Scheme 2026 – Complete Guide on TD & Savings Account Commission
The Department of Posts has introduced various incentive schemes for GDS Branch Postmasters (BPMs) to encourage mobilization of Small Savings in rural areas. These incentives are mainly provided for opening Time Deposit (TD) accounts and for increasing Savings Account net accretions in Branch Post Offices.
Incentive on Post Office Time Deposit (TD) Accounts
Under the scheme, GDS BPMs are eligible for commission based on the type of Time Deposit account opened.
Commission Rates for TD Accounts
| Type of TD Account | Incentive Rate |
|---|---|
| 5-Year TD Account | 2% |
| 2-Year / 3-Year TD Account | 1% |
| 1-Year TD Account | 0.5% |
Important Conditions for TD Incentive
The Department has laid down certain important rules regarding payment of commission:
No commission will be paid if agency commission has already been paid under the Standardized Agency System.
BPMs cannot claim agent commission separately for the same deposits.
No incentive is payable on redeposit or extension of TD accounts.
Incentive is payable only when the depositor’s address falls within the delivery jurisdiction of the concerned BO.
Incentive is available irrespective of the mode of deposit.
Procedure for Claiming TD Incentive
The GDS BPM must prepare a monthly bill on the first day of every month and submit it to the Account Office/Head Office through the BO Daily Account. The bill should contain:
TD Account Number
Category of account
Deposit amount
Rate of commission
Commission claimed
The concerned PA/SPM/APM verifies the entries through Finacle before passing the bill for payment.
After verification:
Payment is made to the BPM.
The amount is entered under the head “Payment of commission to GDS/Branch Postmaster”.
Proper records are maintained to avoid duplicate claims.
Incentive on Savings Account Net Accretions
Apart from TD incentives, BPMs are also eligible for commission on Savings Account growth.
Rate of Incentive
A commission of 1% is payable on annual net accretions of Savings Accounts, provided the net accretion is ₹500 or more.
What is “Net Accretion”?
Net accretion means:
Total deposits minus total withdrawals during the financial year.
If net accretion is below ₹500, no incentive will be paid.
Key Rules for Savings Incentive
Deposits Considered
Only deposits made in the Branch Office where the account stands are considered, including:
Cash deposits
Cheque deposits
Deposits through withdrawal forms
Deposits NOT Considered
The following are excluded:
Deposits made in Account Offices or other offices
Deposits through IPPB
Internet Banking deposits
Mobile Banking deposits
Withdrawals Considered
All withdrawals are counted, including:
ATM withdrawals
IPPB transfers
Internet Banking withdrawals
Mobile Banking withdrawals
Withdrawals from other offices
Special Rule for March
Deposits made in March are ignored.
Withdrawals made in March are included.
Procedure for Claiming Savings Incentive
The BPM should prepare the annual incentive bill in April for the previous financial year and send it to the Account Office.
The Account Office will:
Verify deposits from BO summaries
Generate withdrawal details from CSI SAP using TCode FAGLL03
Calculate net accretions
Pass the bill for payment
Registers and Record Maintenance
To avoid duplicate claims and ensure transparency, the following records are maintained:
Register of incentive bills
Deposit verification register
Withdrawal verification register
Payment schedules
Expenditure Head for Incentive Payment
The total expenditure on these incentive schemes is borne by the Ministry of Finance under:
“Commission paid to GDS BPMs for mobilising Small Savings”
Conclusion
The GDS BPM Incentive Scheme plays a vital role in encouraging rural savings mobilization through Post Offices. By promoting TD accounts and increasing Savings Account balances, BPMs contribute significantly to the Small Savings movement while also earning attractive incentives for their efforts.
The scheme also ensures transparency through proper verification, accounting, and record maintenance procedures.