Calendar of Public Holidays in Odisha (Orissa) State under sec 25 of NI Acts Sr.No Date Day Occasion/Festival Date 1 26.01.2021 Tuesday REPUBLIC DAY 2 16.02.2021 Tuesday BASANTA PANCHAMI 3 11.03.2021 Thursday MAHA SHIVARATRI 4 29.03.2021 Monday HOLI 5 01.04.2021 Thursday Annual closing of Bank accounts 6 02.04.2021 Friday GOOD FRIDAY 7 14.04.2021 Wednesday Dr.…
This READY RECKONER designed to assist with the calculation of gratuity/pension/commutation amount of Bank employees retired after 1.11.2017 This reckoner is prepared for the purpose of helping the employees retired from bank service after 1.11.2017 that have to claim arrears of gratuity, pension, and commutation of pension, a family pension from their employer bank for…
In terms of 11th BPS, a bank clerk with effect from 1.11.2017 will get 9 stagnation increments of Rs 1990 each once in 2 years after reaching maximum wage of Rs.47920-. Bank Sub-staff will also get 9 stagnation increments of Rs 1000 each once in 2 years after reaching maximum Pay Scale of Rs.28145-. So,…
Bank holidays in India are declared as public holidays under explanation to section 25 of the Negotiable Instrument Act 1881. The holiday declared under NI Act is applicable exclusively to the banks located within the administration area of specific State and Union Territory. In other States and Union territories where it is not a holiday,…
“Enhancing Security of Card Transactions”, wherein users were provided the option of a switch on / off or set limits for various card features, including for contactless transactions at Points of Sale (PoS) terminals. RBI has relaxed the AFA (Additional Factor of Authentication) requirement for values up to Rs. 5000- per transaction with effect from…
As announced in Statement on Development and Regulatory Policies dated December 4, 2020, RBI delegates more power to AD banks in the areas like Direct Dispatch of Shipping Documents, “Write-off” of unrealized export bills, Set-off of Export receivables against Import payables, Refund of Export Proceeds. Direct Dispatch of Shipping Documents: With a view to simplifying…
The Government of Haryana declared (GAD notification 28/67/2018-3GSII date 03.12.2020) that the following days to be public holidays u/s 25 of NI Act 1881. Sr.No Date Day Occasion/Festival Date 1 26.01.2021 Tuesday REPUBLIC DAY 2 27.02.2021 Saturday GURU RAVIDAS JAYANTI 3 11.03.2021 Thursday MAHASHIVARATRI 4 29.03.2021 Monday HOLI 5 01.04.2021 Thursday Banks’ Annual closing of…
Today, RBI Governor Shaktikanta Das in his bi-monthly monetary statement said, the RTGS system will soon be made available 24×7 in the next few days. At present, real-time gross settlement (RTGS) is available for customers from 7.00 am to 6.00 pm on all working days of a week, except the second and fourth Saturdays of…
In the statement of developmental and regulatory policy measures dated December 4, 2020, RBI Governor Shaktikanta Das quotes Socrates about life. “I am reminded here of a quote attributed to Socrates, “In the face of adversity, we have a choice. We can be bitter, or we can be better”. Obviously we will strive to be…
In today’s (4.12.2020) bimonthly MPC meeting, the Reserve Bank of India decided to maintain the policy repo rate under the liquidity adjustment facility (LAF) on hold at 4.0 per cent. The MPC also decided to continue with the accommodative stance as long as necessary, at least during the current financial year and into the next…