There is an trending news about Indian Army Postal Services ,APS which is going to Close it’s Postal Life Insurance services and Saving Bank,SB like facilities. Now no new Postal Life Insurance will be generated because already running PLIs are going to be ceased on or before 30 November 2017. Orders for Closure of PLI ,Postal Life Insurance,Saving Bank Account Service in APS, Army Postal Services has been passed by the Ministry of defence in this regards. Source of this news is in bottom, You can download this letter from their. Orders are also passed in this regard by the Army Head quarters, Their source is also given below. So the all financial transactions will close in these post offices.
Army Postal Services will be unable to process the Saving Bank Account transactions also. If you having saving bank account in the army post offices then you have to transfer your account in civil post office or bank. This step is a part of Modi Government digitilisation India View. Recently Finance Ministry has order that all the saving bank account facility will be transferred to Banks. In this view PLIs and SB accont facilities are going to close in APS also, Later on these services will be processed only through banks. All these services will be removed from civil post offices also and total work will be handed over to the Bank services in India.
CLOSURE OF PLI SERVICE IN APS
- Instruction have been received vide IHQ of MOD (Army),DGMO letter No.XXXXX/XX/XXX Dtd 14 Sep17 to stop non core activities like SB and PLI in APS. Hence , procurement of new PLI policy will be stopped with immediate effect.
- In view of above, the following guidelines will be followed by all to implement the directions of IHQ MOD(Army):-
- No new PLI will be opened .
- However, Maturity claim, servival benefit claim, death claim and loan cases can be accepted at FPOs and processed as hitherto-fore.
- Requests for surrender and cancellation of existing policy can be accepted from custers and processed as hitherto-fore. However, customers to be explained about the admissibility of surrender value before accepting the request and and a willingness certificate to bear the loss due to surrender/cancellation will invariably be obtained and forwarded to this Dte.
For ADG APS
Source:- Sainik Welfare You Tube Channel