Bank Sub-Staff DA for August- October 2024

CPI(IW) for April’24=139.40 May’24=139.90 June’24 141.4 Average 140.23.140.23-123.03= DA for Aug-October ’24 is17.20%Last quarter 15.97 % increase in DA is 1.23% SUB STAFF  BASIC New DA Previous DA Difference 19500 4389 4075 314 20165 4534 4209 324 20830 4678 4344 335 21495 4823 4478 345 22160 4968 4613 355 22990 5148 4780 368 23820 5329…

Bank Clerical staff DA for August- October 2024

CPI(IW) for April’24=139.40 May’24=139.90 June’24 141.4 Average 140.23.140.23-123.03= DA for Aug-October ’24 is17.20%Last quarter 15.97 % increase in DA is 1.23% CLERICAL  BASIC New DA Previous DA Difference 24050 5379 4994 385 25390 5671 5265 406 26730 5962 5536 426 28070 6254 5806 447 29720 6613 6140 473 31370 6972 6473 499 33020 7331 6806…

Bank officers DA for August-October 2024

CPI(IW) for April’24=139.40 May’24=139.90 June’24 141.4 Average 140.23.140.23-123.03= DA for Aug-October ’24 is17.20%Last quarter 15.97 % increase in DA is 1.23% OFFICERS SCALE – STAGNATION – BASIC New DA Previous DA Difference SCALE 1 – 48480 10694 9930 765 SCALE 1 – 50480 11130 10334 796 SCALE 1 – 52480 11565 10738 827 SCALE 1…

Operational Aspects of KYC: Wire Transfer

The Reserve Bank of India (RBI) has updated its wire transfer rules instructing banks and financial institutions to collect more information about wire transfers with effect from May 10, 2023. “The new rule applies to both domestic and international transfers. “All cross-border wire transfers shall be accompanied by accurate, complete, and meaningful originator and beneficiary…