DA for Bank Employees – Dearness Allowance for Workmen and Officer Employees in banks for the months of February, March & April 2017 under X BPS/ Joint Note dated 25.5.2015
Limits on Cash withdrawals from Bank accounts and ATMs – Restoration of status quo ante
Income-tax Rules amended to provide that bank shall obtain and link PAN or Form No. 60 (where PAN is not available) in all existing bank accounts (other than BSBDA) by 28.02.2017.
Housing, auto and corporate loans are all set to become cheaper with half a dozen PSU and private banks on Monday steeply reducing benchmark lending rate by up to 1.48 per cent.
Major benefits of Debit Card activation in the form of Frequently Asked Questions (FAQs) and their Answer format
Cash withdrawal for purpose of celebration of wedding – Application Format for cash withdrawal from Banks for Marriage – RBI official press release
Since most of the cards at risk are not chip-based, banks are planning to replace them with chip-based ones.
Dearness Relief payable to Pensioners for the period August 2016 to January 2017
Earlier, Public sector bank employees decided to strike work to protest against the proposed merger of SBI associates and privatisation of IDBI Bank
AIBEA and AIBOA have decided to plunge into immediate action to oppose attempts to denigrate Public Sector Banks and protest against proposed merger and consolidation of Banks with a view to divert the people’s attention from the Himalayan bad loans in Banks
All citizens, especially 40% of the country’s population that is outside the ambit of formal banking in the country will benefit from this project.
Ten of the country’s biggest banks along with the Reserve Bank of India have just launched a Unified Payments Interface (UPI).
RBI had in February disclosed that while Govt Banks bad debts stood at Rs 15,551 crore for the financial year ending March 2012, they had shot up by over three times to Rs 52,542 crore by the end of March 2015.
To facilitate the tax-payers in payment of taxes, the Reserve Bank of India has issued instructions for designated branches of banks conducting government business be open till 8.00 p.m. on March 31, 2016.
Bank Pensioners are paid Dearness Relief as a percentage of Basic Pension which is determined on the basis of Consumer Price Index with base 1960=100. IBA has now come up with latest rate of Dearness Relief for various categories of Bank Pensioners