What is fixed rate loan and floating rate loan?
Fixed interest rate means interest rates remain the same throughout the life of a loan, while floating interest rates change based on market conditions. A fixed rate loan is a loan where the interest rate on the loan doesn’t fluctuate during the entire term of loan or part of the total term of loan. This…
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Bank Officers DA (dearness allowance) Chart for May ’25 to July ‘25
“No Cheer This Quarter: DA Rate Slashed for Bank Employees”,DA reduced to 1.23% Labour Bureau announces CPI (IW) index numbers for January, February and March 2025 are 143.20, 142.80 and 143 respectively. Average index numbers for the above quarter is =143. Therefore DA payable to Officers, of banks for the quarter is 19.97 % (the…
Read article Bank Clerical Staff DA Chart(Dearness Allowance) for May ’25 to July ‘25
“No Cheer This Quarter: DA Rate Slashed for Bank Employees”,DA reduced to 1.23% Labour Bureau announces CPI (IW) index numbers for January, February and March 2025 are 143.20, 142.80 and 143 respectively. Average index numbers for the above quarter is =143. Therefore DA payable to Officers, of banks for the quarter is 19.97 % (the…
Read article Bank Sub-Staff DA Chart(Dearness Allowance Payable) for May 2025 to July ‘25
“No Cheer This Quarter: DA Rate Slashed for Bank Employees”,DA reduced to 1.23% Labour Bureau announces CPI (IW) index numbers for January, February and March 2025 are 143.20, 142.80 and 143 respectively. Average index numbers for the above quarter is =143. Therefore DA payable to Officers, of banks for the quarter is 19.97 % (the…
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Operational Guidance on Premature Withdrawal of Fixed Deposits (FDs)
Premature withdrawal refers to the closure of a Fixed Deposit (FD) before its maturity date. While depositors may opt for early withdrawal due to unforeseen financial needs, such actions typically attract a penalty, which is generally a deduction from the interest earned on the deposit. General Penalty Structure Most banks impose a penal interest—usually ranging…
Revised ATM fee structure and RBI mandate on dispensation of Rs.100 and Rs.200 notes
Revised ATM Fee Structure and RBI Mandate on Dispensation of ₹100 and ₹200 Banknotes ATM Transaction Charges: The Reserve Bank of India (RBI) has introduced a revised framework governing ATM transaction charges, effective from May 1, 2025. This initiative is aimed at enhancing transparency in customer service fees while providing greater operational flexibility to ATM…
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