Incentives to the GDS on Departmental and IPPB

Gramin Dak Sevaks (GDS) Branch Postmasters (BPMs) play a crucial role in providing postal services to rural areas. To motivate and incentivize them, the Department of Posts offers various incentives for achieving targets and promoting departmental and India Post Payments Bank (IPPB) services.

Departmental Incentives:

1. Commission on Savings Schemes: BPMs earn a commission on the sale of savings schemes, such as Savings Account (SB), Time Deposit (TD) and SAS Agency

2. Incentive on Postal Life Insurance (PLI) and Rural Postal Life Insurance (RPLI): BPMs receive an incentive on the sale of PLI and RPLI policies.

3. Incentive on Booking of Speed Posts: BPMs earn a commission on booking of speed post articles in their Branch Post Offices.

IPPB Incentives:

1. Transaction-Based Incentives: BPMs receive incentives for various transactions, such as account openings, cash deposits, cash withdrawals, and bill payments.

2. Sales-Based Incentives: BPMs earn incentives for selling IPPB products, such as prepaid cards and mobile wallets.

In conclusion, GDS BPMs are eligible for various incentives for promoting departmental and IPPB services. These incentives motivate BPMs to provide excellent service, promote postal products, and contribute to the growth of the postal department.

ELIGIBLE	INCENTIVES PAYABLE	TO GDS BPMs ON DEPARTMENTAL	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%
		1 Yr TD Deposit	0.5%
2	TD	2 Yr 3 Yr TD Deposit	1.0%
		5 Yr TD Deposit	2.0%
	SAS Agency (BPMs are eligible	MIS / NSC / KVP	0.5%
3	to get SAS Agency as per Rule 3(a) of SAS, 1959 vide Dte Lr.No.107-01/2020-SB dated 20.01.2021)	1 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/-
		MAILS
Sl.No	Scheme	Details	Incentive
1	Speed Post	Booking	0.50 Paise per Article
		Delivery	0.50 Paise per Article
		PLI
For first	Year Incentive (i.e, for first 12	Months) PLI
Sl.No	Policy Type	POLICY PAYING TERM	INCENTIVE STRUCTURE
		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
1	FOR EA, WLA,CWLA,YS AND CHILDREN POLICY	More than 25 years	20 % of first year premium
	FOR AEA (MONEY BACK) POLICY	less than or equal to 15 years	% of first year premium
2		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

		IPPB
Sl.No	Product	Product Description	Incentive (in Rs.)
1		SB Account without Aadhaar Seeding	26.00
2	Premium Khata	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		Motor Insurance- Avg premium amount 5000	195.00
10		Health Insurance- Avg Pemium amount 8000	312.00
11	GI	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		JUN, JUL, AUG- Total Permium- 436	8.74
17	PMJJBY	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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