GDS BPM Incentives in Post Office (DOP) & IPPB | Incentives Payable to GDS BPMs in DOP and IPPB

The Department of Posts (DOP) and India Post Payments Bank (IPPB) have outlined various incentive schemes for the Gramin Dak Sevaks (GDS) Branch Postmasters (BPMs) to encourage their participation and performance in various postal and banking services. These incentives are structured to reward BPMs for their contributions across different schemes and services. Below is a comprehensive overview of the incentive schemes available:

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Download GDS BPM Incentives in DOP(Post Office) in PDF

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POSB (Post Office Savings Bank)

1. SB (Savings Bank)

   • Incentive: 1% of Net Accretion excluding deposits made in March but including withdrawals of March of not less than Rs. 500/-

2. TD (Time Deposit)

   • 1 Year TD Deposit: 0.5%
   • 2 Year / 3 Year TD Deposit: 1.0%
   • 5 Year TD Deposit: 2.0%

3. SAS (Special Savings Account) Agency

   • MIS / NSC / KVP: 0.5%
   • 1 Year / 2 Year / 3 Year / 5 Year TD Deposit: 0.5%

PM Schemes (Prime Minister Schemes)

4. PMSBY (Pradhan Mantri Suraksha Bima Yojana)

   • Per successful registration: 0.50 Paisa

5. PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana)

   • Per successful registration: Rs. 20/-

6. APY (Atal Pension Yojana)

   • Per successful registration: Rs. 30/-

MAILS (Postal Mail Services)

7. Speed Post
   • Booking: 0.50 Paise per Article
   • Delivery: 0.50 Paise per Article

PLI (Postal Life Insurance)

For First Year Incentive:

• For EA, WLA, CWLA, YS, and Children Policy:
  • 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
  • More than 25 years: 20% of first-year premium
• For AEA (MONEY BACK) POLICY:
  • Less than or equal to 15 years: 5% of first-year premium
  • More than 25 years: 7% of first-year premium

For Renewal Year Incentive:

• For All types of policies: 1% of Renewal Premium

RPLI (Rural Postal Life Insurance)

For First Year Incentive:

• For all types of policies: 10% of first-year premium

For Renewal Year Incentive:

• For all types of policies: 2.5% of renewal premium

IPPB (India Post Payments Bank)

8. Various incentives for IPPB products and services including Premium Khata, SB Account, CA, CELC, AEPS, DSB, DLC, GI (General Insurance), PMJJBY, DMT (Domestic Money Transfer), and GPG (Guaranteed Pension Group) based on transactions and premiums.

These incentives serve as a means to motivate and reward GDS BPMs for their diligent service in facilitating postal, banking, and insurance activities, thus contributing to the growth and efficiency of the postal and financial sectors in India.

ELIGIBLE INCENTIVES PAYABLE TO GDS BPMs IN DOP (DEPARTMEN) 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%
2	TD	1 Yr TD Deposit	0.5%
		2 Yr / 3 Yr TD Deposit	1.0%
		5 Yr TD Deposit	2.0%
3	SAS Agency (BPMs are eligible to get SAS Agency as per Rule 3(a) of SAS, 1959 vide Dte Lr.No.107-01/2020-SB dated 20.01.2021)	MIS / NSC / KVP	0.5%
		1 Yr / 2 Yr / 3 Yr / 5 Yr 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/-

PLI
For first Year Incentive (i.e, for first 12 Months) - PLI
Sl.No	Policy Type	POLICY PAYING TERM	INCENTIVE STRUCTURE
1	FOR EA, WLA,CWLA,YS AND CHILDREN POLICY	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
		More than 25 years	20 % of first year premium
2	FOR AEA (MONEY BACK) POLICY	less than or equal to 15 years	5 % of first year premium
		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
Sl.No	Product	Product Description	Incentive (in Rs.)
1	Premium Khata	SB Account without Aadhaar Seeding	26.00
2		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	GI	Motor Insurance- Avg premium amount 5000	195.00
10		Health Insurance- Avg Pemium amount 8000	312.00
11		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	PMJJBY	JUN, JUL, AUG- Total Permium- 436	8.74
17		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