Ombudsman Scheme for Digital Transactions (OSDT) explained
The Ombudsman Scheme for Digital Transactions (OSDT) is introduced by RBI, with effect from January 31, 2019, under Section 18 of the Payment and Settlement Systems Act, 2007. The scheme provides a cost-free and expeditious complaint redressal mechanism relating to deficiency in customer services in digital transactions conducted through non-banking ‘System Participant’. The ‘system Participant’…
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RBI-Central Banking glossary: Ratios of assets/ capital
CRR (Cash Reserve Ratio): CRR is the minimum percentage of total deposits of customers in a commercial bank held as reserves either in the form of cash or deposit in a specified current account with central bank of the country (RBI in India) as per the mandatory guidelines of central bank of the country. How…
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Bank officers Dearness Allowance: DA Chart for May-July 2019
In terms of Consumer Price Index Numbers announced by Labour Bureau of India, the average index numbers for January 2019 to March 2019 works out to 7022.76. It means bank staff will get 34 slabs increase in DA for the ensuing quarter May 2019 to July 2019. In the other words Bank Staff will get…
Read article Bank employees Dearness Allowance: DA Chart for May-July 2019
In terms of Consumer Price Index Numbers announced by Labour Bureau of India, the average index numbers for January 2019 to March 2019 works out to 7022.76. It means bank staff will get 34 slabs increase in DA for the ensuing quarter May 2019 to July 2019. In the other words Bank Staff will get…
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Bank sub-staff DA chart for May-July 2019
In terms of Consumer Price Index Numbers announced by Labour Bureau of India, the average index numbers for January 2019 to March 2019 works out to 7022.76. It means bank staff will get 34 slabs increase in DA for the ensuing quarter May 2019 to July 2019. In the other words Bank Staff will get…
Bank employees’ DA on Special Allowance for May-July 2019
In terms of Consumer Price Index Numbers announced by Labour Bureau of India, the average index numbers for January 2019 to March 2019 works out to 7022.76. It means bank staff will get 34 slabs increase in DA for the ensuing quarter May 2019 to July 2019. In the other words Bank Staff will get…
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