Thursday, December 23, 2010


NEW DELHI-110001.

S.P.Kulkarni                                                                                  S.Appanraj
Presidenet                                                                                    General Secretary
09767687485,09822056791                                                          099442029069
                     "Succesfull First All India Conference in Hyderabad"
No: Circular /2/AIC/2010 Dtd .15.12.10
                      "WISH YOU HAPPY & PROSPEROUS NEW YEAR -2011"

Dear Comrades,

I am very glad to put up the Report of First All India Conference of our newly Recognized SBCO Association with your Record break attendance in the history of SBCO associations.

Sucessfully, the maiden conference of our Association was held in Hyderabad on 11.12.10 at SundarayyaVignana Kendra. The Reception Committee headed by Comrade DASV.Prasad the General Secretary of Andhra Circle Postal Co-ordinating Committee had made excellent and elaborate arrangements for the conduct of the first AIC.

As many as 145 delegates and visitors participated in historical conference from circles namely, Andhra, Bihar, Gujarat, Haryana Karnataka, Kerala, Madhya Pradesh, Maharastra, Punjab, Tamil Nadu ,Uttar Pradesh and West Bengal. Himachal Pradesh
Amidst thundering slogans, Com. M. Krishnan the Secretary General of NFPE hoisted the Red Flag. Com. S. Appanraj, President of AIPSBCO EA was on the chair and proceedings were conducted in the presence of com S.P. Kulkarni Working president of AIPSBCOEA& former General Secretary of Indian Postal SBCO Staff Assn. Com Asit Das General Secretary presented the General Secretary’s report. Delegates representing all participating Circles spoke on the important problems of SBCO Employees and elaborately discussed he ways and means to strengthen the organization of our Association.

Great leader of mighty NFPTE, com K.G. Bose and former Vice President of AIPSBCO EA, Com. Krishnadoss (Kerala) were remembered and paid tributes in the session in a fitting manner.

Com M. Krishnan, SG, NFPE had inaugurated the Conference. Our leader portrayed the history of the formation of SBCO wing after bifurcation from Audit andAccounts Department and the present plight of employees owing to so many arbitrary and retrograde changes in the style of functioning. Election of office bearers was conducted smoothly and unanimously.

Com K. Ragavendran, Formerly SG, NFPE took part and graced the conference. In his felicitation address he justified the necessity of formation of a militant union in SBCO wing and has called for mobilization of all SBCO employees under the banner of NFPE and to make the AIPSBCOEA thenumber one union in future.

Com. S.P.Kulkarni Working president of our Association narrated the situation which warranted merging "Indian Postal SBCO Staff Association "with "AIPSBCOEA" in the interest of SBCO employees to get recognized to save SBCO cadre, its identity and declared that the new team will toil for the advancement and betterment of SBCO employees under the banner of NFPE .Under the banner of NFPE we will be involved in all India Policies. Identity of
SBCO as one cadre functioning as internal Audit will be taken up at higher level with the Cooperation of all associations of NFPE federation. Victimization of SBCO at present by the local authorities will be stopped. Implementation of all Court cases decided earlier by the Different Courts will be taken up. He expressed faith in the policy of NFPE federation & the role of all Comrades which will be certainly justified towards SBCO issues. He expressed his feelings for the Support of all SBCO staff to the policy of this association and struggle of 15-16 years without any facility , Recognition which leads us to the Recognition will certainly leads us to the Number one position in the future in SBCO cadre. He assured to the house about non stop struggle up to the achieving this target and demanded to extend this belief, Faith,Support & participation with association activitiesand full support to the newly elected CHQ office bearers. Com K.V. Sridharan GS P3 rendered affectionate felicitation speech . He underlined the role of SBCO in the technological development and cadre restructure which would take place in the near future in Postal department and expressed concern about the dearth of promotion opportunities in SBCO

Besides, many leaders, Com. D.K. Rahate President NFPE; Com. Iswar Singh Dabas G.S. P4; Com. Giriraj Singh GS RIII; Com P.Suresh, G.S. R IV; Com. PranabBhattacharjee G.S. Admn; Com. S.S. Mahadeviah, G.S. GDS Union;Com.R.N.Parashar Assistant Secretary General NFPE; Com.S.RagupathyAssistant Secretary General NFPE and Com. P.Rajanayagam formerly G.S. Postal Accounts have attended and greeted us. All the leaders assured to lend full support for achievement of our demands. Surprising visit of Ms. Karuna Pillai IPS,CPMG A.P.Circle as per her assurance create enthusiasm in the house. The CPMG addressed the house and explain the Role of SBCO and
its participation in new Technology. She discussed with Staff the grievances faced by the staff and assured every type of cooperation.

Amendments to the constitution of our association and Resolutions were passed.

The monthly subscription of members has been revised as Rs.30/- with immediate effect.
A separate Open Session marking the occasion of the NFPE Federal Executive, the first AIC of our SBCO Employees Association and Postal Civil Wing Employees Association was also held in the big auditorium of the venue in which besides the leaders of NFPE several leaders of Central Trade Unions and sister organisations addressed.

The following resolutions were unanimously adopted:

1.     The Savings Bank Control Organization (SBCO) was formed in 1961 replacing the maintenance of Duplicate Accounting System in erstwhile P&T Audit Office. First, Savings Bank accounts were decentralized from Audit and sent to SBCO of the respective Head Post Offices. This system was introduced as an internal Audit & Accounts in the HPOs under the control of Accounts Officer, ICO SB) of the respective Circle Offices. Granting of Earned leave, transfer and writing of Confidential Reports were responsible for attendance of the staff of
SBCO and grant of casual leave and Divisional Heads are entrusted with passing of T.A. Bills and Medical claims. The SBCO Branch at the HPO was functioning as an independent Unit doing accounting and auditing work in respect of SB Accounts. The main purpose of the introduction is to ensure

that the existing balance accounts of H.O. and its S.Os as a whole is agreed at least once in a year
a.     and there is no leakage of revenue. During the year 1966, the work of Cumulative Time Deposit Accounts was transferred from P&T Audit Office to the SBCOs without providing any extra staff to look after that work. Though the SBCOs was introduced in 1961, no norm for the work was evolved till October 1965 in respect of SB and in respect of CTD till January 1975. This resulted in enormous arrears in CTD work. Recurring Deposit Scheme was introduced on 01.04.1970 and Time Deposit Accounts was also introduced in the year 1970. PPF scheme was introduced in 1979, MIS & NSS 87 was introduced in 2004 and the SBCO was entrusted with the work of accounting/auditing of the schemes without providing additional staff strength to the SBCO as and when new schemes were introduced. The arrears in RD work accumulated along with the CTD arrears and the staff could not manage the work load thrust upon them. This was the position all over India from 1968 to till date. The Department tried to wipe out the arrears by granting OTA to the existing staff and by forming arrears clearance squads. This did not bring the desired result. In the meantime the administrative control of the SBCO staff such as writing of C.Rs and disciplinary powers were transferred from Accounts Officer ICO (SB) to the Divisional Superintendents during the year 1978. The SBCO was formed mainly to monitor and assist the operative work of SB Branch by raising objections against the mistakes committed by the SB Branch staff and the Sub Office staff. The individuality of the

SBCO branch was slowly eroded and the Administrative Officers from Apex level to lower level began to                                     
b.     consider this branch as an unwanted appendage. After decentralization of RD & MIS accounts, the position began much worse and the SBCO branch                                                was converted as an operative branch and the staffs are being coerced to do posting work that was being done by SB Branch of HPOs. The main purpose for which the SBCO was formed was completely forgotten by the Administration and its importance was slowly whittled. The in-charge of SBCOs in most of the HPOs has to tow the line of their Divisional Head and so their function as an independent Divisional Heads and Regional PMGs are now penalizing the SBCO staff for the frauds committed in Sub Offices and Branch Offices in the guise of contributory negligence that too after the necessary decentralization of RD & MIS accounts. The positions of staff are being grossly ignored while the imputations are framed against the SBCO staff. The staff of postal Accounts are not penalized for any frauds committed in savings Certificates though the accounting/auditing of the same is entrusted to that office. The Department should not apply different standards for imposing recoveries and the SBCO should not be penalized for the frauds committed by the S.Os & B.Os. This Union requests the Secretary, Department of Posts to study the issue in depth and take necessary measures to prevent the continuous harassment of SBCO staff immediately

2. All the vacant posts of postal Assistant (SBCO) cadre all over India should be filled up immediately and create posts on functional requirements.
3. Benefit of MACP upgradation was not still reached to many officials in SBCO. This conference requests the administration to take necessary action to grant the
upgradation to all left outPostal Assistants (SBCO)
4. SBCO employees belong to circle cadre and their work similar to Audit and Accounts function. The technical performance of staff in being monitored by the Accounts officer ICO (SB) of Regional Office/ Circle office. As such the powers of writing of CRs to all cadres in SBCO should be entrusted with Accounts
Officer ICO (SB) which is appropriate. Likewise, the AO ICO (SB) should also be appointed as the disciplinary authority to all cadres of SBCO
5. Orders of Transfer liability in SBCO Cadres must be modified at par with the guidelines on the subject prevalent in Accounts line officials in post office Though, the LSG Accountants belong to circle cadre their transfer liability has been ordered to restrict to divisional level. Similar relaxation may be applied to the officials of SBCO, so that their hardship in transfers would be mitigated.
6. SBCO employees are not allowed to appear for PSS Group ‘B’ Examination. It is virtually a deprival of opportunity and injustice. As such, this conference requests the administration at higher level to review the orders in this regard and cause issue orders for allowing the SBCO employees to appear for.
7. Sanchay post software contains a lot bugs. Any move to implement SBCO module in Sanchay Post without modification that fulfils requirements of
SBCO Branch will jeopardize the entire functioning of SB Schemes. Until then, V2 software should be allowed to continue in SBCO.
8. In the situation of non settlement of minus balances/ suspense account of crores of rupees, any attempt of total switch over of all categories of POSB abruptly to Core banking solution will be fraught with high risk. The proposal CBS software must be validated by some of senior personnel from SBCO side. This conference wishes to point out that adequate precautionary measures should be taken ahead of introduction of Core Banking solution in PO Savings Bank.
9. Decentralization of RD of MIS work have become total failure. Maintenance of ledgers and other records at SO/HO has been made defunct. Exploiting the situation, someunscrupulous elements are committing frauds. However, roll back of these schemes in practically not possible. This conference suggests that schemes similar to RD & MIS may be introduced afresh and installed at HO level from 1.1.2011. Let the existing accounts in RD&MIS categories be closed on attaining the prescribed maturity period with present status.
10.Creat post of System Administrator for V2SBCO & Lan2v2 Software
11.Change in SBCO Control Procedure considering Computerization.
12. To fill up all LSG/HSG-II & HSG-I posts notionally.
13.Settlement of Revision cases to cope up the present work entrusted to SBCO( New schemes) 

Election of Office Bearers:
The AIC elected the following Office Bearers unanimously for the ensuing term.

President : S.P. Kulkarni SBCO Kolhapur H.O. Maharashtra

Working President :Asit Das SBCO Alipur H.O.West Bengal

Vice President :B.K. Valand O/o AOICO Rajkot, Gujarat

                      :Baldevraj Sharma SBCO Moga H.O. Punjab

General Secretary :S. Appanraj SBCO Madurai H.O.(TN)

Dy Gen. Secretary : Virendra Kumar Tiwari SBCO Lucknow, U.P

Asst Gen. Secretary : L. Kishan Singh,SBCO Hyderabad H.O. A.P

                              : M.K. Mohanan,SBCO Thiruvanantpuram Kerala

                              : Subhash Jaiswal SBCO Damoh H.O.M.P.

                              : Nirmal Kumar Bajpayee,SBCO PATNA Bihar

                              : V.K. Jain SBCO Madanganj H.O.Rajasthan

Financial Secretary : Com. Rajiv, SBCO Amnbala H.O.Haryana

Asst Financial Secretary : K.K. Sharma, SBCO Chamba H.O.H.P.

Org. Secretary : Atul Kumar srivastav SBCO Kanpur H.O.U.P

                      : S.Gurumurty SBCO Shimoga H.O.Karntaka

The historic decision taken at Delhi by the All India Leaders about merger of two SBCO associations one, Indian Postal SBCO Staff Association struggling since 15-16 years ,which was deprived from Recognition due to pending Different Court cases and struggling to save SBCO and another newly formed All India Postal SBCO Employees Association under the banner of NFPE ,has proved land mark in the history of SBCO. The Decision of All India leaders Firmly supported by the All Circles it is reflected through the Verification Process as this New Association
get Recognized with 20 % membership and proved that all SBCO staff wants to join main Stream, with NFPE and proved confidence with the leadership who has taken the decision of Merger of both SBCO Association and to join with NFPE the strongest Federation in the Department of Posts. Over all these the Record break attendance for the very first All India Conference has encouraged the CHQ leaders to fight for number one position in SBCO cadre and to maintain its identity with their firm policies for the betterment of SBCO staff.
From the first conference, we have derived good inspiration to build a stronger union in SBCO wing. We shall strive with dedication and sincerity to ventilate all problems of the employees of SBCO in particular utilizing all platforms of negotiations available for recognized Associations including the JCM Departmental Council under the great banner of the historical NFPE Federation. Unity is strength and therefore it is clear that the advancement of SBCO employees can be achieved only by uniting with the entirety of the Postal Employees belonging to various cadres. We are not alone; We are part and parcel of the mighty NFPE Federation and with all the strong affiliated Organizations of the Federation. Here commences our onward and united march towards progress and achievements.

AIPSBCOEA ZINDABAD!!!!!                                 NFPE ZINDABAD!!!!!!!!
Workers Unity ZINDABAD !!!!!!!

Comradely Yours,

S.Appanraj  ,  General Secretary                                      S.P.Kulkarni,President


Sunday, December 5, 2010


First ALL India Conference : Reception Committee:-

Com S.A Rahim G.S./AIPCUEA- Contact No- 09990155999

Vice Chairman:-
Com.T.Satyanarana G.S./AIPAEA Contact No- 09912348500

Secretary:- Com.DASV Prasad C.S.P-III

Treasurer :- Com.Madhusudan Rao C.S.R-III

Member :- Com.Kishan Singh C.S. AIPSBCOEA-
Contact No- 08008934765 & 09441295400

NOTE- ALL Delegates may report Reception Committee Address.Arrangments are made on the address belllow-

Reception Committee Address:-
B-1 , P & T Quarters , Opposite to CITY CENTRAL LIABRARY, CHIKKADPALLY , Hyderabad-500020. Near, Sudha Hotel Bus Stop. Hyderabad.

Delegates Arriving At Secundarabad- Railway Station- Bus No 40 or Bus No-1 to the above Address.

Delegates Arriving at EMLIBAN BUS Station Hyderabad- Bus No-1 up to the above Address.

For Details Contact to Com.S.P.Kulkarni- 09767687485 & 09822056791 ,Com.Kishan Singh -08008934765.-

--- By S.P.Kulkarni.Working President.AIPSBCOEA.

Wednesday, November 24, 2010

Attention Please-

 Dear Comrades,
All Circle Secreataries /Circle Representatives ,
Write to the CPMG's of your circle for the Special Casual leave to the delegates who are willing to attend All India Conference at Hyderabad. The copy of letter for rerence is put up here.
- S.P.Kulkarni

Ref No- ORG /SBCO/10                                                                                      Date :- 22nd  Nov.2010

The Chief Postmaster General,
Maharastra Circle,
GPO. Mumbai-400001

Sub :- Grant of Special Casual Leave to attend 1St All India Conference of this Assn at Hyderabad.

Ref No-Notice issued by the Gen Secretary Ref No- PC-1/AIC Dated 7-11-2010.

Respected Sir ,

With reference to the notice issued by the General Secretary 1St All India Conference of this newly Recognized SBCO Association is to be held At “ SUNDARAYYA VIGNANA KENDRAM , BEGHALINGAMPALLI, HYDERABAD -500044 ( Andhra Pradesh) on 10.12.2010 to 11.12.2010.

            You are requested to Grant Special Casual leave to the SBCO delegates who are willing to attend this Conference to enable them to attend the Conference including proper Transit.

            Necessary instruction to all concerned PMG’s/SSPO’s/SPO’s to relieve the willing delegates may be issued.

            This Association is Newly Recognized vide DTE Letter No- 13/01/2010- SR Dtd 22th Sept.2010 in SBCO Cadre.

            Wishing your favour action with a single line reply to the undersigned.

                                                                                                                                                                                                                                                                                Yours Faithfully,

                                                                                                        ( S.P.Kulkarni)
                                                                              Circle Secretary, & working President of CHQ

Encl- copy of Notice issued by the General Secretary.

Copy to
The Postmaster General
Aurangabad  /Goa /Mumbai /Pune /Nagpur Region
For Information & n/a Please.
                                                                                                        ( S.P.Kulkarni)

Monday, November 22, 2010

Orders on MACP by CAT Principal Bench New Delhi-

CAT Principal bench New Delhi decided in its OA No. 1401/2010 on 09.09.2010 that if the employees who on fixation of ACP scales, are in receipt of lesser salary than their juniors in the same cadre/post, then their salary be stepped up accordingly. We are demanding that it should be applied in the case of promotees in our department also.
- S.P.Kulkarni

Thursday, November 18, 2010

Working President's visit to Hyderabad _

Working President visited Hyderabad on 18th Nov.2010. He visited to all H.O's in Hyderabad along with Shri.Kishan Singh Circle Secretary AIPSBCOEA (A.P.)
Meeeting with CPMG Ms Karuna Pillai:- Discussed SBCO issues.Invitation given to the CPMG for Open Session to be held on 11th Dec.2010 at Hyderabad at 17.00 PM.She assured every type of Cooperation.She welcomed the Views &policy of the SBCO association and assured her attendence on the open session.
-- S.P.Kulkarni.

Friday, November 12, 2010

                                                                                                                                                         Phone:  011-23092771 [HQrs]
                                                       033-26727027 [Res]
                                                                                                                                                          033-22376108 [Union]
9433443221 [ Mobil ]
[  Federated with the “National Federation of Postal Employees” ]
Central Headquarters
1st Floor, North Avenue Post Office Building, New Delhi – 110001

No. PC – 1 / AIC                                                                                              Date :  7.11.2010

Notice under article 25 of the constitution of All India Postal SBCO Employees Association read with article 20 ( a ) and 22 ibid is hereby given that 1st All India Conference of this Association will be held at "SUNDARAYYA VIGNANA KENDRAM BAGHALINGAMPALLI, HYDERABAD-500 044" ( Andhra Pradesh ) on and from 10 .12.10 to  11.12.2010.

The following shall be items of agenda for the 1st All India Conference : -

1.         Consideration and adoption of report.
2.         Discussion on financial affaires.
3.         Consideration and amendments,( if any ) of Constitution of AIPSBCOEA.
4.         Organizational Review.
( I ) Discussion on proposed Strike from 13th July’10 ( finally deferred ) and its outcome.
( ii ) Organizational Position in all level.
( iii ) Finalization of Subscription.
( iv ) Membership verification.             
5.         Attacks on Postal Services
( I ) Privatization and outsourcing of postal work.
( ii ) Attack on SBCO workers.
6.         Implementation of MACP.
7.         Policy and Programme.
8.         Election of Office Bearers.
9.         Election of Federal Councilor.
10.       Appointment of Auditor.
11.       Venue of next AIC.
12.       any other item with the permission of the chair. 
                                                                                                         ( Asit Das )
                                                                                                   General Secretary,
Copy forwarded to : -
1.    Com. S. Appanraj, All India President. All India Postal SBCO Employees Association, Madurai,
2.    Com. S.P.Kulakarni, All India Working President, AIPSBCOEA, Maharashtra.
3.    The Secretary General, NFPE, New Delhi.
4.    All CHQ Office bearers & Circle Secretaries of AIPSBCOEA.
5.    All General Secretary, under the banner of NFPE.
6.    The Circle Secretary, AIPEU, Group – C, Andhra Pradesh Circle.
7.    The Director General, Department of Post New Delhi 110001.
8.    Spare. 
                                                                                                        ( Asit Das )
                                                                                                   General Secretary,

                                                                                                                                                         Phone:  011-23092771 [HQrs]
                                                       033-26727027 [Res]
                                                                                                                                                          033-22376108 [Union]
9433443221 [ Mobil ]
[  Federated with the “National Federation of Postal Employees” ]
Central Headquarters
1st Floor, North Avenue Post Office Building, New Delhi – 110001

No. PC – 1 / AIC                                                                                            Date :  10.11.2010

The Director General
Department of Post
Govt. of India
Dak  Bhawan,
New Delhi – 100 001

                                       Sub : Holding of 1st  All India Conference.


              This union has the proud privilege to intimate you that at the last membership verification process, we have achieved Govt. recognition. At the same time, we have achieved the affiliation of our beloved Federation ( ie. NFPE ). Now, on completion of necessary formalities,  1st All India  Conference of this Union is going to be held on and from 10.12.2010 to 11.12.2010 at "SUNDARAYYA VIGNANA KENDRAM BAGHALINGAMPALLI, HYDERABAD-500 044" ( Andhra Pradesh ) . A copy of the notice of the said Conference is enclosed for ready reference.

               You are requested to cause suitable action so that special causal leave may be granted with  transit period   to the delegates to enable them to attend the conference timely.

                                                                                             Yours faithfully,

Encl : 1 ( one )                                                                                       S/d
                                                                                                 ( Asit Das )
                                                                                                                 General Secretary,
                                                                     All India Postal SBCO Employees Association

Copy to : All Pr. / Chief Postmaster General , for favour of information and causing suitable
                action in this respect.


                                                                                                 ( Asit Das )
                                                                                                                 General Secretary,
                                                                     All India Postal SBCO Employees Association

Wednesday, November 10, 2010


BAGHALINGAMPALLI , Hyderabad - 500044 ( Andhra Pradesh)

Delegation Fee Rs. 300 /-

Note:- Delegates who wish to attend will be granted Special Casual Leave including Transit. Contact- S.P.Kulkarni - 09767687485 , 09822056791 , 0231- 2626791 for details or for any problem.

Working President AIPESBCOEA.

Thursday, November 4, 2010


Under the New Pension Scheme (NPS), investors save money which is put into the capital market. The sum which you will get after retirement will be dependent on the performance of the capital market. You can make monthly or weekly contributions to the NPS. But for every contribution, your transaction cost will increase. 

Prior to NPS, there was the Defined Benefit Plan -one would get certain pension fixed for life. The post retirement proceeds were fixed and if there is a shortfall in this corpus, the government would make good. 

NPS is a Defined Contribution Plan where the returns will not be fixed. You will only get what you have contributed and returns that the fund manager generates on it. All new entrants to the central government services (other than armed forces) after January 1, 2004, will compulsorily join this scheme. All citizens, including NRIs, aged 18 to 60 can voluntary join the scheme. The exit age is 60 years. 

A minimum contribution of Rs 6,000 is compulsory per year. The minimum amount per contribution is Rs 500 and a minimum of four contributions in a year for each subscriber account is required. 

Under the NPS, each subscriber is allotted a unique 16-digit Permanent Retirement Account Number (PRAN). This number is portable. The records of transactions are maintained by the Central Record Keeping Agency (CRKA). The subscriber has the option to invest with seven pension fund managers (PFMs). He also has the option to choose any one or more PFMs to manage his contribution. These PFMs will have three kind of funds categorised as 'E' for equity funds, 'G' for funds investing in government securities and 'C' for fixed income securities other than government securities. 

There are two types of accounts: 

Tier I account where you cannot withdraw 

The Tier I account is the basic NPS account that is non-withdrawable till retirement or death of the subscriber. In this account, the total corpus at retirement age is split, where a minimum of 40 percent of the final corpus has to be compulsorily used to buy an annuity while the subscriber is free to withdraw the remaining 60 percent as a lump sum or in installments. 

Tier II account where you can withdraw 

The Tier II account is available to only to those who are existing subscribers of the Tier I account. The money contributed into this account can be freely withdrawn as and when the subscriber wishes to except for a minimum balance that needs to be maintained at the end of each financial year. 


The NPS levies an investment charge of .00009 percent of the assets under management. Initial charges of account opening are around Rs 470. From the second year onward the charges are Rs 350 per annum. Also, a charge of Rs 10 is applicable for each transaction. One can make monthly or weekly contributions. But for every contribution, your transaction cost will increase. 

Fund managers 

These are managed by fund managers. Currently, seven fund houses appointed by the government are available under the NPS. 

These are: 

LIC Pension Fund Limited SBI Pension Funds Pvt Limited UTI Retirement Solutions Limited IDFC Pension Fund Management Company Limited ICICI Prudential Pension Funds Management Company Limited Kotak Mahindra Pension Fund Limited Reliance Capital Pension Fund Limited 


There are three schemes available under the NPS
Fund C 

In case you invest in this fund, all the money will be invested in fixed income instruments such as corporate bonds and government securities. One should consider investing in this fund if the risk appetite is medium as corporate bonds are not that risky. 
Fund E 

In case one invests in this fund, a portion of not more than 50 percent of the invested money will be put in equity. You should choose this retirement plan only if your risk appetite is high, as up to 50 percent of your money will be linked to the performance of equity. 

Fund G 

In this case, all your money will be invested in government securities. Hence, this is suited for risk-averse investors. One can choose to invest in any of these funds. You may also invest in a mix of these funds. If you do not choose between these funds, your contributions will be invested in a fund with 15 percent in equity, 45 percent in corporate bonds and 40 percent in government bonds. With increase in age, after 35 years, the government bond exposure will increase with a maximum limit of 80 percent and 10 percent each in equity and corporate bonds. 

Fixed income pension plan 

The government has proposed to extend the 'fixed income pension plan' to workers in the unorganised sector. The monthly contributions one makes will be invested as per NPS guidelines. The State funds for the savings scheme will be added to this. If any gap exists between the sum guaranteed and sum generated from the two steps, the central government will provide the required funds. 
The new plan will be started off initially in Haryana, Karnataka and Andhra Pradesh. This amendment is meant only for workers in the unorganised sector. Central and State government employees will continue to get pension through NPS

Tax benefit 

Presently, NPS does not offer any tax exemptions unlike other retirement plans. It falls under the category of exempt-exempt-tax (EET) system which means that maturity benefits you receive after retirement will be taxable. However, with the Direct Tax Code coming in NPS will be tax exempted on withdrawal too.