Ministry of Communications Department of Posts Postal Services Board

transfer of Net Accretion activities from DPLI Kolkata to Accounts Branch of PLI Directorate

Issue Date: 25 July 2025 Published: 26 July 2025

Gazette ID: CG-DL-E-26072025-265003 Download PDF

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Core Purpose

The President makes further amendments to Para-15(3) of the "Post Office Insurance Fund (Custody and Investment) Regulation 2010" to modify the reporting mechanism for insurance transaction data.

Detailed Summary

This notification, S.O. 3450(E), issued by the Ministry of Communications (Department of Posts), Directorate of Postal Life Insurance, on July 24, 2025, details amendments to Para-15(3) of the "Post Office Insurance Fund (Custody and Investment) Regulation 2010", originally published on August 17, 2016, in the Gazette of India No. 2045 (Part-II Section-3, Sub Section-ii Extraordinary). These amendments are effective from July 1, 2024. The core change modifies the recipient of daily electronic information regarding total receipts, payments, and net accretions for Postal Life Insurance (PLI) and Rural Postal Life Insurance (RPLI) transactions. Previously, Head Post Offices and the Director of Accounts (Postal) Nagpur reported this data to the Director of Postal Life Insurance Kolkata, who then compiled and intimated the PLI Directorate by 10:30 AM daily. Under the amended regulation, Head Post Offices and the Director of Accounts (Postal) Nagpur are now required to render this information directly to the PLI Directorate, New Delhi, electronically on a daily basis through a secured system. The PLI Directorate, New Delhi, will compile the entire data and ascertain the accurate net accretions for both PLI and RPLI Sub Funds. The subsequent process, including the release of Investment Advice by the PLI Directorate to the Investment Division, Mumbai (with copies to Director of Accounts (Postal), Nagpur, Director Mumbai GPO, and Director of Postal Life Insurance, Kolkata), and the reconciliation of differences by the Director of Postal Life Insurance, Kolkata, remains consistent with the previous regulation. The notification is signed by DEEPAK ASHISH KAUL, General Manager (Finance), and is referenced by F. No. 09-01/2023-LI(Part-1).

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-26072025-265003 EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY No. 3373] NEW DELHI, FRIDAY, JULY 25, 2025/SHRAVANA 3, 1947 5013 GI/2025 MINISTRY OF COMMUNICATIONS (Department of Posts) (DIRECTORATE OF POSTAL LIFE INSURANCE) NOTIFICATION New Delhi, the 24th July, 2025 S.O. 3450(E).— The President is pleased to make the further following amendments to Para-15(3) of "Post Office Insurance Fund (Custody and Investment) Regulation 2010" published on 17 August, 2016 in the Gazette of India No. 2045 (Part-II Section-3, Sub Section-ii Extraordinary) w.e.f. 1st July 2024. For: "All Head Post Offices and Director of Accounts (Postal) Nagpur, shall render the information about the total receipts, payments and net accretions on account of Postal Life Insurance and Rural Postal Life Insurance transactions separately to Director of Postal Life Insurance Kolkata, electronically on a daily basis through a secured system, in addition to the information being sent by them to all concerned in normal course. Director of Postal Life Insurance Kolkata, in turn, will compile the entire data, arrive at the accurate figure of net accretions under both the Sub Funds (PLI & RPLI) separately and intimate the same to PLI Directorate, over FAX and e-mail latest by 10:30 AM every working day. The Investment Advice will be released by PLI Directorate for investment to Investment Division, Mumbai with a copy to the Director of Accounts (Postal), Nagpur, Director Mumbai GPO and Director of Postal Life Insurance, Kolkata. Director of Postal Life Insurance Kolkata will tally the reports with booked amount and take all remedial measures for reconciliation of differences, if any, between the Fund Flow Statement and Monthly Cash Account figures". Read: "All Head Post Offices and Director of Accounts (Postal) Nagpur, shall render the information about the total receipts, payments and net accretions on account of Postal Life Insurance and Rural Postal Life Insurance transactions separately to PLI Directorate, New Delhi, electronically on a daily basis through a secured system, in addition to the information being sent by them to all concerned in normal course. PLI Directorate, New Delhi, in turn, will compile the entire data, arrive at the accurate figure of net accretions under both the Sub Funds (PLI&RPLI) separately. The Investment Advice will be released by PLI Directorate for investment to Investment Division, Mumbai with a copy to the Director of Accounts (Postal), Nagpur, Director Mumbai GPO and Director of Postal Life Insurance, Kolkata. Director of Postal Life Insurance, Kolkata, will tally the reports with booked amount and take all remedial measures for reconciliation of differences, if any, between the Fund Flow Statement and Monthly Cash Account figures". [F. No. 09-01/2023-LI(Part-1)] DEEPAK ASHISH KAUL, General Manager (Finance) Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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