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Bank employees DA for May-July 2017

The confirmed DA for the months of May-July 2017 is @45.60% on ‘pay’ (which includes allowances eligible for DA) @ the rate of 0.10% per slab. It means a decrease of 13 slabs over the previous (February –April 2017) level of DA for the Bank employees and officers.  The DA slabs are calculated based on…

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Application for Sovereign Gold Bonds 2017-18

 Application for Sovereign Gold Bonds 2017-18 Series I bonds will be accepted from April 24 to April 28, as per RBI notification. The bonds will be sold as usual through banks, stock holding corporation of India (SHCIL), designated Post Offices, and recognised Stock Exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange.…

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RBI issues Sovereign Gold Bond 2016-17-series IV

The Reserve Bank of India has notified to issue Sovereign Gold Bonds 2016-17 – Series IV. Applications for the bond will be accepted from February 27, 2017, to March 3, 2017. The Bonds will be issued on March 17, 2017. The Bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated…

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Restriction on Cash withdrawal limits from bank and ATM to go: RBI

The Reserve Bank of India (RBI) today Feb 8, 2017 (Wednesday) announced that all restrictions on cash withdrawal from savings bank account will be removed in two phases.In the first phase, the withdrawal limit will be raised to Rs 50,000 from existing Rs 24,000 a week, effective February 20. In the second phase, from March…

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