Bank Officers’ latest salary revision updates
X BPS/ Jt. Notes between IBA and Officers associations: Cost Sheet/ Distribution sheet signed on 20th May 2015 with regard to allocation of Pay slip Component of officers are as follows: Sc-I- 23700-980×7-30560-1145×2-32850-1310×10-45950 Sc-II- 31750-1145×1-32850-1310×12-48570-1460×2-51490 Sc-III- 42020-1310×5-48570-1460×6-57330 Sc-IV- 50030-1460×4-55870-1650×2-59170 plus one stagnation Sc-V- 59170-1650×2-62470-1800×2-66070 Sc-VI- 68680-1960×4-76520 Sc-VII- 76520-2120×4-85000 2. Dearness Allowance (Effective from1.11.2012) Dearness Allowance…
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Bank employees latest wage settlement up dates
X Bipartite Settlement Updates for award staff: The distribution chart has been signed between IBA and unions on May 20, 2015 covering allocation to various heads. Salient feature of Pay slip components from November 1, 2012 is as under. 1. The Scales of Pay is as under: Clerical: 11765-655/3-815/3-980/4-1145/7-2120/1-1310/1=31540 +1310 × 8* stag =42020 *(stagnation…
Read articleNo more ‘Calendar of Review’ at Banks’ Board
With a view to give focused attention to matters of strategic and financial importance,Banks are advised by RBI to do away with comprehensive ‘Calendar of Reviews’ which Boards of banks use to deliberate. Instead banks were asked to replace it with critical themes recommended by Dr.P.J.Nayak committee to determine the Board agenda items and the…
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How to close of FCNR B deposits
RBI in its ciircular dated 14.5.2015 clarified that A2 form is to be filed at the time of purchase of foreign exchange using rupee funds and hence is not applicable while remitting FCNR (B) funds. The regulator mentioned that Authorised Dealer banks are insisting on different requirements at the time of closure of FCNR (B)…
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Dispense with Declaration of Export of goods and software
As a measure of liberalization and to simplify the procedure, RBI in its circular of May 14, 2015 advised that it has been decided to dispense with the requirement of declaring the export of Goods /Software in the SDF in case of exports taking place through the EDI ports, as the mandatory statutory requirements contained…
All new Debit and credit cards will be accomplished with EMV chip and PIN based with effect from September1, 2015
All new Debit and credit cards will be accomplished with EMV chip and PIN based with effect from September1, 2015 As a measure of risk mitigation measure, RBI had communicated to all Scheduled Commercial Banks including RRBs/Co-operative Banks / State Co-operative Banks/Central Co-operative Banks/ Authorized Card Payment Networks to accomplice issuance of EMV chip based…
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