Every Bank has a Board approved policy in place for valuation of properties including collaterals accepted for their exposures. The valuation of properties should be done by professionally qualified independent Valuers i.e., the Valuer should not have a direct or indirect interest on assessed property or in the account. In the case of Valuation Reports…
Consumer Price Index for April, May, and June 2023 are respectively- 134.20, 134.70, and 136.40. For Bank pensioners, it works out to 632- slabs of DA for the quarter of August to October 2023. Hence there will be an increase of 44 slabs in DR for the pensioners for the half period August 2023 to…
Consumer Price Index for April, May, and June 2023 are respectively- 134.20, 134.70, and 136.40. For Bank employees and officers, it works out to 632 slabs of DA for the quarter of August to October 2023. Hence there will be an increase of 36 slabs in DA for the above period at 44.24% ( For…
Consumer Price Index for April, May, and June 2023 are respectively- 134.20, 134.70, and 136.40. For Bank employees and officers, it works out to 632 slabs of DA for the quarter of August to October 2023. Hence there will be an increase of 36 slabs in DA for the above period at 44.24% Dearness Allowance…
Consumer Price Index for April, May, and June 2023 are respectively- 134.20, 134.70, and 136.40. For Bank employees and officers, it works out to 632 slabs of DA for the quarter of August to October 2023. Hence there will be an increase of 36-slabs in DA for the above period at 44.24%. DA CHART for…
Consumer Price Index for April, May, and June 2023 are respectively- 134.20, 134.70, and 136.40. For Bank employees and officers, it works out to 632 slabs of DA for the quarter of August to October 2023. Hence there will be an increase of36slabs in DA for the above period at 44.24% DA chart BASIC NEW…
Following is the DA chart for Special pay for the above period Designation (B) (C ) New DA old DA Difference Bill collector 590 97 303.82 286.52 17.31 Armed Guard. 590 97 303.82 282.67 21.15 Daftry 850 139 437.71 407.24 30.47 Head Peon 1120 184 576.75 536.59 40.15 Electrician 3090 507 1591.21 1480.43 110.78 AC…
Excerpts of minutes of understanding arrived at between IBA and UFBU during the meeting held in Mumbai on 28 July 2023 attached below. Where the Dearness Allowance Scheme is applicable to employees, officers, and retired up to 31st October 2002 was based on a tapering percentage formula and multiple slab systems and Where the Dearness…
The coins issued by the Government of India under Section 6 of The Coinage Act, 2011, shall be legal tender in payment or on account provided that a coin has not been defaced and has not lost weight so as to be less than such weight as may be prescribed in its case. However, a…
The Reserve Bank of India adopted the “STAR series” numbering system for the replacement of defectively printed banknotes in a packet of 100 pieces of serially numbered banknotes. The Star series banknotes are exactly similar to the other banknotes, but have an additional character viz., a *(star) in the number panel in the space between…