Bank Holidays 2021 in Odisha State under NI act
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.…
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READY RECKONER designed to calculate revised Basic, PQP/FPP/DA of bank employees as per 11th BPS
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…
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Stagnation increments of Bank employees/officers effective from 1.11.2017 (8th Joint Note/11th BPS)
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,…
Read article Bank Holidays 2021 in Jharkhand State under NI act
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,…
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The requirement of AFA for card transactions/ e-mandates relaxed to Rs.5000 from Jan 1
“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…
Now Banks may regularize Direct Dispatch of Shipping Documents to the consignee for any value
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…
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