The following modifications have been made with effect from 01.05.2012 in Speed Post Discount Structure and Operational Machanism.
1.The power to offer the credit facility to customer generating revenue below Rs 10,000/- on case to case basis in consultation with Circle IFA has been delegated to Heads of Circles. However such customers will not be eligible for any value additions like free pick up etc.
2.Customers may be allowed to pledge NSC Certificate for the amount equivalent to four months of expected business in lieu of Bank Guarantee.
3. The period of agreement signed between Department of posts and customer has been enhanced to two years subject to the condition that the Bank Guarantee be valid for three years from the date of agreement.
Click here to view the original OM no 57-02/2010-BD&MD dated 13.04.2012
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