Premium payable by bank retirees for Group Medical Insurance Policy 2022-23
The Indian Banks’ Association (IBA) communicated to all member banks informing them that National Insurance Company has been allotted the Group Medical Insurance Policy 2022-23 for the bank retirees. According to the communication received by banks, the National Insurance Company has sent their revised rates for Flexible Option coverage of Sum Insured for the year…
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IRDAI relaxes the NPS norms: Done away with the requirement of submitting a separate form to buy annuity from NPS proceeds at the time of retirement
Insurance regulator IRDAI on Tuesday (13.08.2022) said it has done away with the requirement of submitting a separate form to buy an annuity from NPS proceeds at the time of retirement.To bring ease of living for senior citizens, IRDAI has relaxed the requirement of submitting a separate proposal form for taking the immediate annuity products…
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These acts or omissions of an employee are judged as minor misconduct or gross misconduct in banks
When an employee of a public sector bank is found guilty of misconduct, he is exposed to various kinds of punishments decided by the disciplinary authority of the bank. If an employee is found guilty of minor misconduct, he may be warned or censured; have an adverse remark entered against him, or have his increment…
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DA (Dearness Allowance) for Bank officers and employees for the months of August-October 2022 (Confirmed)
Consumer Price Index for April, May, and June 2022 are respectively- 127.70, 129, and 129.20. It works out to 526 slabs in DA for the quarter of August 2022 to October 2022. Hence there will be an increase of 54 slabs in DA from August 2022 to October 2022. New DA Rate is 36.82 %. Click below…
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Bank officers DA (dearness allowance) for the months of August-October 2022 (Confirmed)
Consumer Price Index for April, May, and June 2022 are respectively- 127.70, 129, and 129.20. It works out to 526 slabs of DA for the quarter of August to October 2022. Hence there will be an increase of 54 slabs in DA from August 2022 to October 2022. New DA Rate is 36.82 %. Basic Scale…
Bank Employees DA (dearness allowance) for the months of August-October 2022 (Confirmed)
Consumer Price Index for April, May, and June 2022 are respectively- 127.70, 129, and 129.20. It works out to 526 slabs in DA for the quarter of August to October 2022. Hence there will be an increase of 54 slabs in DA from August 2022 to October 2022. New DA Rate is 36.82%. BASIC NEW DA OLD DA…
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