Wednesday 15 February 2012

United States Postal Service Ranked No. 1

WASHINGTON, Feb. 6, 2012 /PRNewswire-USNewswire/ -- A review of the performance of universal postal service providers by the Oxford Strategic Consulting (OSC) firm ranks the U.S. Postal Service the best postal service within the world's top 20 largest economies for access to services, resource efficiency and public trust.
"We're proud to lead the world in postal services and we will continue to deliver superior performance for future generations," said Postmaster General and CEO Patrick Donahoe. "Our best days are ahead of us. I have no doubt the Postal Service will overcome its current financial challenges and endure as the world's leading postal service."
The review ranked USPS, Japan Post, Australia Post, Korea Post and Deutsche Post in its top five. USPS earned the premier ranking due to its high operating efficiency and public trust in its performance.
The ranking considered such factors as the average number of citizens served by the postal system in a country, the number of letters and parcels delivered by each postal employee and data on service reliability and public trust measured over three years.

The report found that USPS delivers nearly double the number of letters per employee as its closest competitor and more than five times more letters per employee than fifth-place Deutsche Post.
Despite increasing competition from digital communications, postal services continue to perform a key role in societies across the globe. The expansion of e-commerce means there's an even greater need for fast, efficient and reliable postal services.
"People tend to think the Internet has made the postman redundant," said Professor William Scott-Jackson, director, OSC. "But postal services provide the backbone for e-commerce deliveries."
To receive a copy of the full report, contact Scott Druck at sd@oxfordstrategicconsulting.com.
The Postal Service receives no tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations.
A self-supporting government enterprise, the U.S. Postal Service is the only delivery service that reaches every address in the nation, 150 million residences, businesses and Post Office Boxes. The Postal Service receives no tax dollars for operating expenses, and relies on the sale of postage, products and services to fund its operations. With 32,000 retail locations and the most frequently visited website in the federal government, usps.com, the Postal Service has annual revenue of more than $65 billion and delivers nearly 40 percent of the world's mail. If it were a private sector company, the U.S. Postal Service would rank 29th in the 2010 Fortune 500. Black Enterprise and Hispanic Business magazines ranked the Postal Service as a leader in workforce diversity. The Postal Service has been named the Most Trusted Government Agency six consecutive years and the sixth Most Trusted Business in the nation by the Ponemon Institute.
Courtesy : http://www.sacbee.com
via- sapost

SB Order 02-2012 : Taking of KYC Documents for SB Accounts opened without KYC

SB Order No.02/2012
No.113-23/2005-SB
Government of India
Ministry of Communications & IT
Department of Posts
Dak Bhawan, Sansad Marg,
New Delhi-110001.
Date: 10.02.2012
To
All Heads of Circles/Regions
Addl. Director General, APS, New Delhi.


Subject:- Taking of Know Your Customer(KYC) documents at the time of credit of maturity value and cash withdrawal from savings account opened without KYC documents.

Sir / Madam,

The undersigned is directed to say that after removal of ceiling of maximum deposit in Post Office Savings Account, it has been observed that the possibility of fraud is more due to the fact that so far, KYC norms are not applied to Savings Accounts opened prior to introduction of AML/CFT norms in Small Savings Schemes. In order to curtail this possibility, following guidelines are being issued:-


1. In case, any depositor/holder/subscriber desires to credit maturity value of his Savings Instrument into a Post Office Savings Account opened prior to introduction of AML/CFT Norms i.e,without taking prescribed KYC documents, full KYC documents are to be obtained as per Risk Categorization (based on the amount being credited) before allowing credit of maturity value into savings account. Similarly, if a new Savings Account is opened to facilitate credit of maturity value,KYC documents are to be taken as per Risk Categorization based on the maturity Value being credited.


2. In case, an amount of Rs.50,000/- or above is withdrawan by cash from any savings account,full KYC Documents are to be taken as per Risk Categorization (based on the balance in Savings Account at the time of withdrawal) if the account was opened without taking any KYC documents. In case the account was opened with KYC documents prescribed for lower category of accounts and the balance in the account at the time of withdrawal is more than the amount prescribed for that category,additional KYC documents should be obtained as per the revised category of account.


3. It is requested that necessary instruction may be issued to all field units as well as inspecting/ visiting officers to implement the fresh guidelines.


4. This issues with the approval of DDG(FS)...
Yours faithfully,
(Kawal Jit Singh)
Assistant Director (SB)

via- sa post

Negative List Updated upto 30/12/2011 is now available at PTC Mysore FTP Site

The file 'NL_20111231.exe' needs to be copied to DBAnalyzer folder and executed. This will update the negative list upto 31/12/2011 (corrections received upto 25/01/2012) in Sanchay Post. To confirm updation, use 'DBAnalyzer>>Database Discrepancies >> NSC >> Details of negative listupdation' option.

Source : ftp://ftp.ptcinfo.org/NegativeList/