Dearness Allowance for Bank sub staff (May – July 2024)
CPI (IW) for Jan 2024 – 138.90 | Feb 2024 – 139.20 | March 138.90 Average 139-123.03 = 15.97% | Last quarter DA – 15.73 | Increase now 0.24% SUB STAFF BASIC New DA Previous DA Difference 19500 4075 4014 61 20165 4209 4146 63 20830 4344 4279 65 21495 4478 4411 67 22160 4613…
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Dearness Allowance for Bank Clerks (May – July 2024)
CPI (IW) for Jan 2024 – 138.90 | Feb 2024 – 139.20 | March 138.90Average 139-123.03 = 15.97% | Last quarter DA – 15.73 | Increase now 0.24% CLERICAL BASIC New DA Previous DA Difference 24050 4994 4919 75 25390 5265 5186 79 26730 5536 5453 83 28070 5806 5719 87 29720 6140 6048 92…
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Dearness Allowance for Bank Officers (May – July 2024)
CPI (IW) for Jan 2024 – 138.90 | Feb 2024 – 139.20 | March 138.90Average 139-123.03 = 15.97% | Last quarter DA – 15.73 | Increase now 0.24% OFFICERS SCALE – STAGNATION – BASIC New DA Previous DA Difference SCALE 1 – 48480 9930 9780 149 SCALE 1 – 50480 10334 10178 155 SCALE 1…
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RBI announces new definition of Bulk Deposit in Banks
The Reserve Bank of India (RBI) on Friday, June 7, 2024, in its Statement on Developmental and Regulatory Policies announced, that banks have the discretion to offer differential rates of interest on bulk deposits as per their requirements and Asset-Liability Management (ALM) projections. The bulk deposit limit was enhanced in the year 2019 for Scheduled…
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Auto-replenishment of UPI Lite wallet – Inclusion under the e-mandate framework introduced
RBI today announced Automatic replenishment under the UPI Lite facility. Automatic replenishment ensures that users do not need to manually top up their UPI Lite wallets, making it easier to manage their offline transactions. This feature will be particularly beneficial for users in remote or rural areas where, internet connectivity is limited, as they can…
FASTags, NCMC payments made easier: RBI announces auto-replenishment facility
In the Statement on Developmental and Regulatory Policies, the Reserve Bank of India, Friday 7th June, announced recurring payments for Fastag, National Common Mobility Card (NCMC), etc. with an auto-replenishment facility under the e-mandate framework. The current e-mandate framework requires a pre-debit notification at least a 24-hours before the actual debit from the customer’s account.…
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