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Daily Archives: September 20, 2018

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Government hikes interest rate on Small Savings schemes by 30 to 40 basis points

Bank News, Wealth ManagementBy Surendra NaikSeptember 20, 2018

(PPF & NSC to give 8%, Senior citizen to get 8.7%) The Ministry of Finance Government of India has announced the Rates of Interest on various Small Savings Schemes for the Third Quarter of the Current Financial Year 2018-19 starting 1st October, 2018, and ending on 31st December, 2018.  The Small Savings Schemes includes  include…

Leave rules for Bank Officers and Employees

Bank StaffBy Surendra NaikSeptember 20, 2018

In the 11th BPS dated 11.11.2020 signed by workmen unions and 8th Jt.Notes signed by Officers’ associations on the same day, certain visible improvements brought in the Leave Rules. Please click the  below post to know the updated leave rules as per the 11th BPS Improvements in Leave rules of Banks effective from 11.11.2020 Download…

Casual Leave rules for bank staff

Bank StaffBy Surendra NaikSeptember 20, 2018

(This post provides updated detail of leave eligibility and also conditions applicable for granting casual leave, special casual leave to bank officers and employees, in terms of 10th  Bipartite settlement/Joint note between Indian Banks Association (IBA) and United Forum of Bank Unions (UFBU))

Bank Officers’ fitments/stagnation increments as per 10th BPS/Joint notes

Bank StaffBy Surendra NaikSeptember 20, 2018

Bank Officers’ fitments/stagnation increments as per 10th BPS/Joint notes The stages of basic pay to officer cadres of banks as per 10th BPS/Joint note is as under. Scale I- 23700-980(7)- 30560 -1145(2) -32850 -1310 (7)- 42020 (Plus stagnation increments as per chart) Scale II-31705- 1145(1)- 32850 -1310(10) -45950 (Plus Stagnation increments as per chart) Scale…

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