Dearness Allowance payable on bank employees special pay from Nov 2021 to January 2022
AICPIN-IW for September 2021 has been released by Labour Bureau on 29.10.2021. On the basis of CPI data announced by the Labour Bureau for the period of July 2021 to September 2021, the average index number works out to 434 slabs (base 1960=100) or 30.38 % for the above period. Accordingly, for the months of…
Read articleRevised/Reduced premium payable by Bank retirees for Group Insurance Policy
The high light of this year November 2020 to October 2021This time policy pensioner has the option to cover the Group Medical Insurance Policy for Retirees policy for Self+Spouce or self alone. Revised Group Medical Insurance Policy for Retirees has a flexible coverage scheme. Retirees also may also opt for the base insurance coverage of…
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RBI continues reduced Minimum Daily Maintenance of the Cash Reserve Requirement of banks as a temporary measure
Keeping in view of ongoing hardships faced by banks in terms of social distancing of staff and consequent strains on reporting requirements, RBI has decided to extend the relaxation of the minimum daily maintenance of the Cash Reserve Ratio of 80 per cent for a further period of three months, i.e., up to September 25,…
Read article Important measures are taken by RBI in the recent past to preserve the financial stability of the country
In the Statement of Development and Regulatory Policies released on March 27, 2020, RBI released several regulatory measures to mitigate the burden of debt servicing brought about by disruptions on account of COVID-19 pandemic and to safeguard the continuity of viable businesses. The package includes Rescheduling of Term Loans and Working Capital payments, recalculate the…
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Bank holidays 2020 declared by Odisha State Government
List of bank holidays/public holidays for the year 2020 declared by the Government of ODISHA under section 25 of NI act. Sr.No Date Day Occasion/Festival Date 1 30.01.2020 Thursday BASANTA PANCHAMI 2 21.02.2020 Friday MAHA SHIVARATRI 3 10.03.2020 Tuesday HOLI 4 01.04.2019 Wednesday Annual closing of Bank accounts 5 02.04.2020 Thursday RAM NAVAMI 6 10.04.2020…
DA for Bank Sub-staff from November 2018 to January 2019
As per Labour Bureau, CPI for the month of July 2018, August 2018 and September 2018 is 301,301 and 301 respectively. Accordingly, DA for bank employees and officers is increased by 66 slabs for the months of Novemeber 2018 to Janaury 2019. That means an increase of DA by 6.6 % from the existing 54.10%.…
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