Rules, Rights & Rites -156
I usually post all important items related to official rulings, union news, and other general matters on my YouTube channels: Yourskayveeyes (English) and Anbudan Kayveeyes (Tamil).
However, due to the recent spate of orders and the high volume of information being received, I have not been able to convert every item into a video. Therefore, I am introducing these new slots to post current matters and updates that have not yet been published on YouTube. This ensures you stay informed on every detail, even if a video hasn't been made yet …………….Kayveeyes
Performance-linked incentive structure for Mutual Fund (MF) distribution under ARN 36190.
• This initiative, approved by the Ministry of Communications, aims to strengthen MF distribution across Post Offices.
• Eligible officials will receive 40% of the commission actually realized by the DoP from Asset Management Companies (AMCs) for each transaction or scheme.
• The incentive applies to both first-year commissions and perpetual trail commissions.
• Payments are only made after the DoP has actually received the commission from the AMC.
• Performance-Linked incentive is purely transaction-based and does not constitute a fixed entitlement, pay, or allowance.
• It is a variable expense directly linked to generated business; there is no upfront liability, fixed cost, or specific budgetary allocation required.
• All payments will comply with applicable GST and statutory provisions.
• Only officials holding a valid EUIN (Employee Unique Identification Number) and NISM certification are permitted to engage in MF distribution.
• Eligible EUIN holders must participate in scheduled product training conducted by AMCs, AMFI, or BSE.
• Postal Circles are responsible for mapping transactions to individual EUIN holders to ensure accurate incentive calculations.
• Specific details regarding accounting and disbursement will be communicated once the SAP (Systems Applications and Products) integration is finalized.
• The structure is subject to future review based on business volume, Asset Under Management (AUM) growth, staff participation, and revenue performance.
(DG (P) No. BD-10RP/8/2025-BDMD-DOP dated 30.1.2026)
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