Indian Post Office Amends Rules for Insurance and Recovery Fees

Indian Post Office (Amendment) Rules, 2023

The Ministry of Communications, Department of Posts in India has issued a notification on 10th January 2023, to amend the Indian Post Office Rules of 1933. The new rules relate to the fees charged for insurance of postal articles, such as business parcels, speed post parcels, and other postal articles. The fee for insurance of Business Parcels and Speed Post parcels is Rs. 4 for an insured value of up to Rs. 200 and Rs. 4 plus 1.50% of the insured value exceeding Rs. 200 for an insured value above Rs. 200. The fee for insurance of postal articles other than Business Parcels and Speed Post Parcels is Rs. 10 when the value insured does not exceed Rs. 200 and Rs. 6 for every additional Rs. 100 or fraction thereof in excess of Rs. 200. The notification also specifies the amount to be recovered from the addressee, which is 1.6% of the amount recovered for up to Rs. 6,500 and Rs. 100 plus 1% of the amount exceeding Rs. 6,500 for above Rs. 6,500.

MINISTRY OF COMMUNICATIONS
(Department of Posts)

NOTIFICATION

New Delhi, the 10th January, 2023

G.S.R. 17(E).- In exercise of the powers conferred by section 21 and section 32, read with section 74 of the Indian Post Office Act, 1898 (6 of 1898), the Central Government hereby makes the following rules further to amend the Indian Post Office Rules, 1933, namely:-

1. (1) These rules may be called the Indian Post Office (Amendment) Rules, 2023.
   (2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Indian Post Office Rules, 1933, (hereinafter referred to as the said rules), for rule 74, the following rule shall be substituted, namely:-
   “74. In addition to postage and the fee for registration paid, wherever applicable, the following fee shall be charged for insurance of any of the postal articles as mentioned in rule 72, namely:

(i) For insurance of Business Parcels and Speed Post parcels:

Insured value upto Rs. 200 – Rs. 4
Insured value above Rs. 200 – Rs.4 + 1.50% of insured value exceeding Rs. 200

(ii) For insurance of postal articles other than Business Parcels and Speed Post Parcels:

When the value insured does not exceed Rs. 200/- – Rs. 10/-
For every additional Rs. 100/- or fraction thereof in excess of Rs. 200/- R s. 6/-”.

3. In rule 102-I of the said rules, in clause (e), in the table, for the entries, the following shall be substituted, namely: –

[F. No. 1-3/2022-PO]
JAGANNATH SRINIVASAN, Dy. Director General

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