Salient Features of Clean Note Policy by RBI: Do away with stapling of note packets Introduce banding the packets with paper/polythene bands so that the life of the currency notes is increased. The objective of the Reserve Bank’s Clean Note Policy is to give the citizens good quality currency notes Read more…
1. Who are behind the Bharat QR code MasterCard, American Express, National Payment Corporation of India (NPCI) and Visa have collaborated to promote acceptance of the Bharat QR payment method. 2.How to generate QR code for receiving payment You can generate QR code for receiving payment from BHIM app. See Read more…
The latest initiative to promote digital transaction, Bharat QR Code platform has been launched for making payment directly through bank without using physical debit or credit card at merchant outlets. MasterCard, American Express, National Payment Corporation of India (NPCI) and Visa have collaborated to promote the Bharat QR payment method. Read more…
The law related to gratuity is governed by Payment of Gratuity Act. And to increase the Gratuity Limit, Payment of Gratuity Act will be amended by Parliament. The Gratuity Act amendment is yet to take place. There is no Payment of Gratuity Act 2016 or Payment of Gratuity Act amendment Read more…
United Forum of Bank Unions (UFBU) has decided to go on one day all India Strike on 28th February 2017. Schedule of program to be followed is: 13.02.2017 Press Release at all State Capitals and major centres (Common Press Note of UFBU, to be released by all the constituent unions) Read more…
Actual DA for Bank Employees from February 2017 will decrease by 0.90%. With the release of CPI data for the month of December 2016, we have now calculated DA for Bank Officers and workman Staff. (Read how DA for Bank Employees is calculated) [irp posts=”2147″ name=”DA for Bank Employees from May 2017″] Average Read more…
Soon you may see recruitment advertisement of a public sector bank, which will look something likes this – “Required ‘Astrologers’ having degree in astronomy, for a leading nationalized Bank. The astrologer will be posted in Head Office and Branches of the bank. Job profile of the astrologer will be to predict, if the Read more…
In demand of a solution to the problems caused due to demonetisation and recovery of bad loans Bank Unions have called strike on 7th Feb 2017. All India Bank Employees Association (AIBEA), All India Bank Officers Association (AIBOA) and the Bank Employees Federation of India (BEFI) have issued a joint Read more…
Looking for a housing loan? But not sure, which bank is offering Lowest Interest on home loan? Here we have compared the rate of interest offered by top lenders, so that you can get best home loan at lowest interest rate. Bank of Baroda Bank of Baroda is offering lowest interest Read more…
On 31st December 2016, Prime Minister announced that coverage under Credit Guarantee Scheme will be increased to Rs.2 crores. Till now, the coverage under CGTMSE is Rs.1 crores under which Micro, Small and Medium Enterprises can get collateral free loans. CGTMSE (Trust) has now issued circular on 9th January 2017 Read more…