RBI on Friday announced that Sovereign Gold Bond Scheme 2020-21 – Series XI will be open for subscription from February 01, 2021, to February 05, 2021. The nominal value of the bond is fixed at Rs.4912 (Rupees Four thousand nine hundred and twelve only) per gram of gold.The investors who will be applying online and…
Based on the CPI announced, the average index number works out to7849 (base 1960=100). It means Dearness relief for the Bank pensioners will be77 slabs. The details of the percentage of dearness relief payable for the period from February 2021 to July 2021 to bank pensioners retired at various periods are as under. October 2020…
Based on the CPI announced, the average index number works out to 7849 (base 1960=100). It means Dearness Allowance for the bank staff will be 374 slabs (26.18% %) or an increase of 34 slabs over the previous Quarter. Click below for latest DA chart D.A. Chart of Bank officer for the quarter of February…
Based on the CPI announced, the average index number works out to 7849 (base 1960=100). It means Dearness Allowance for the bank staff will be 374 slabs (26.18% %) or an increase of 34 slabs over the previous Quarter. Click below to know the eligible DA for the period February 2021 to April 2021 Scale…
Based on the CPI announced, the average index number works out to 7849 (base 1960=100). It means Dearness Allowance for the bank staff will be 374 slabs (26.18% %) or an increase of 34 slabs over the previous Quarter. Click below to know the eligible DA for the period February 2021 to April 2021 BASIC…
Based on the CPI announced, the average index number works out to 7849 (base 1960=100). It means Dearness Allowance for the bank staff will be 374 slabs (26.18% %) or an increase of 34 slabs over the previous Quarter. Click below to know the eligible DA for the period February 2021 to April 2021 BASIC…
Based on the CPI announced, the average index number works out to 7849 (base 1960=100). It means Dearness Allowance for the bank staff will be 374 slabs (26.18% %) or an increase of 34 slabs over the previous Quarter. Dearness allowance chart for Special Pay for the period February 2021 to April 2021 is as…
The Reserve Bank of India (RBI) as announced in the ‘Statement on Developmental and Regulatory Policies’ issued as part of the Monetary Policy statement dated December 4, 2020, today put in place a comprehensive framework to improve the efficacy of the grievance redress mechanism of banks. The framework comprising of i) enhanced disclosures on complaints…
Today (January 27, 2021), RBI told the banks to use the ratings of the CRISIL Ratings Limited for the purpose of risk weighting their claims for New Capital Adequacy Framework (NCAF) on Basel III capital regulation purposes. The above decision taken by RBI is owing to rating business of CRISIL Limited has since been transferred…
Unified Payments Interface (UPI) is a mobile based, 365x24x7 ‘fast payment’ system. Through UPI, users can send and receive money instantly by means of a Virtual Payment Address (VPA) set by the users themselves. The unique feature of VPA based transaction is the secure aspect of UPI architecture as it removes the need for sharing…