BREAKING NEWS

BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first*** DA FOR BANKER FROM FEBRUARY 2023 SEE DETAILS CHART FOR OFFICER AND WORKMAN***Outcome of Today’s meeting with IBA - 31.01.2023***All India Bank Strike 27.06.2022******PLEASE VISIT INDIAN TOURISM CULTURE & HERITAGE *****NITI Aayog finalised names of Two public sector banks and one general Insurance Co. for privatisation****No economic reason to privatise PSU banks---post date 24.05.2021******Mobile users may soon be able to switch from postpaid to prepaid and vice versa using OTP*****India May Privatise or Shut 46 PSUs in First 100 Days, Says NITI Aayog's Rajiv Kumar----We should start with the banks*****Expected DA for Bank Employee from August 2019 is 24 slab to 29 slab*****RTGS time window from 4:30 pm to 6:00 pm. with effect from June 01.06.2019******WITHOUT CUSTOMER'S CONSENT BANK CAN NOT USE AADHAAR FOR KYC ----RBI***** Salient features of Sukanya Samriddhi Account---Who can open and how?******OBC posts 39% rise in Q4 profit, OBC readt tWITHOUT CUSTOMER'S CONSENT BANK CAN NOT USE AADHAAR FOR KYC ----RBI o take another Bank--MD MUkesh Jain*******DA FOR BANKER FROM NOV 2018 IS INCREASE 66 SLAB I.E 6.60%****40,000 STANDARD DEDUCTION IN YOUR TAX - IS A GREAT DRAM/BLUFF BY JAITLY SEE DETAILS+++++++Cabinet approves plans to merge PSU banks-The final scheme will be notified by the central government in consultation with the Reserve Bank. post date 23.08.2017****IBA to restrict the negotiations on Charter of Demands of Officers' Associations up to Scale-III only post dated 07.07.2017*****

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BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first****Outcome of Today’s meeting with IBA - 31.01.2023*********

Friday, July 31, 2015

Bank Holiday On Saturday

Bank Holiday On Saturday

Bank Holiday on 2nd and 4th Saturdays
There have been a lot of discussions, which can at best be called personal opinions and own interpretations of individuals, on declaration of holiday for banks on 2nd and 4th Saturdays.
In this regard, let me say that both State and Central Governments are empowered to declare holidays for banks.
...
Bank Holidays are declared under Section 25 of N.I. Act, 1881.
When a state government declares holiday under N.I. Act, it is valid for that particular state only. But when the central government declares a holiday under N.I. Act, it is called a National Holiday and it is applicable to the entire nation.
Now, let us see what this Section 25 says.
QUOTE
When day of maturity is a holiday i.e. when the day on which a Promissory Note or Bill of Exchange is at maturity is a public holiday, the instrument shall be deemed to be due on the next preceding business day. 

Explanation.—The expression “Public holiday” includes Sundays 1[***] and any other day declared by the 2[Central Government], by notification in the Official Gazette, to be a public holiday.
UNQUOTE
Now, it is clear that by issuing a simple notification in the Official Gazette, the Government of India can declare holiday for banks on 2nd and 4th Saturdays of each month. It will be on a permanent basis, just like Sundays - in the sense, the dates will remain fixed and certain.

It does not require any amendment to N.I. Act, as is being claimed and campaigned by many of our 'informed leaders'.
So, my point is, if GOI wants to declare holiday for banks, it can do it by issuing a simple gazette notification. It's a simple process, taking not much time at all. 
Does any one believe that IBA and Ministry of Finance, New Delhi did not go into the implications, merits and demerits of declaration of holiday for banks on 2nd and 4th Saturdays every month, before IBA and UFBU signed a settlement to this effect (MOU on 23.02.2015 and Joint Note on 25.05.2015) and without applying their mind, they simply arrived at the settlement?
By Pannvalan

Central D.A finally calculated @119% from 1st July 2015

Central D.A finally calculated @119% from 1st July 2015

Consequent to 3 percent increase in AICPIN(IW) figure of June 2015, D.A. payable for central employees and pensioners from 1st July 2015 finally calculate @119%.
As informed earlier  Central Govt. will declare another installment of D.A. with effect from 1st July 2015 @6%.

D A INCREASE FOR BANKER 27 SLAB FROM AUGUST 2015


D.A. Increase!

D.A. Increase for Aug, Sep, Oct 2015:
(On B.P.+Spl.Pay+Spl.Allowance+P.Q.P)

27 Slabs (2.70%)
Total= 364 Slabs (36.4%)



Actual DA Actual  DA Actual  Increase 
OfficersFrom May  2015From August  2015in DA Amt from August 2015
S No.Scale New Basic PaySpl Allowance33.70%36.40%2.70%
7.75% / 10% or 11%
1I2370018378605.979295.47689.50
2I2468019138961.849679.85718.01
3I2566019899317.7110064.24746.52
4I2664020659673.5910448.62775.03
5I27620214110029.4610833.00803.55
6I28600221710385.3311217.39832.06
7I29580229210740.8611601.41860.54
8I30560236811096.7411985.79889.06
9I & II31705245711512.5912434.97922.37
10I & II32850254611928.4512884.14955.69
11I & II34160264712403.9613397.75993.79
12I & II35470274912879.8013911.721031.91
13I & II36780285013355.3114425.321070.01
14I & II38090295213831.1514939.291108.13
15I & II39400305414307.0015453.261146.26
16I & II40710315514782.5115966.861184.36
17I & II & III42020325715258.3516480.831222.48
18I & II & III43330335815733.8616994.431260.58
19I & II & III44640346016209.7017508.401298.70
20I & II & III45950356116685.2118022.001336.80
21I & II & III47260366317161.0518535.971374.92
22I & II & III48570376417636.5619049.581413.02
23I & II & III50030387718166.6619622.151455.49
24I & II & III51490399018696.7620194.721497.96
25II & III52950410419227.2020767.661540.46
26II & III54410421719757.3021340.231582.93
27II & III55870433020287.4021912.801625.40
28II & III57330444320817.5022485.371667.87
29III58790455621347.6023057.941710.34
30IV50030500318546.1220032.011485.89
31IV51490514919087.3420616.601529.25
32IV52950529519628.5721201.181572.62
33IV54410544120169.7921785.761615.98
34IV55870558720711.0122370.351659.34
35IV57330573321252.2322954.931702.70
36IV57520575221322.6623031.011708.34
37IV58790587921793.4523539.521746.06
38IV59170591721934.3223691.671757.35
39IV60820608222545.9724352.331806.35
40V59170591721934.3223691.671757.35
41V60820608222545.9724352.331806.35
42V62470624723157.6325012.991855.36
43V64270642723824.8925733.711908.82
44V66070660724492.1526454.431962.28
45VI68680755525691.2027749.542058.35
46VI70640777026424.1728541.242117.07
47VI72600798627157.4829333.302175.82
48VI74560820227890.7930125.372234.57
49VI76520841728623.7730917.072293.30
50VII76520841728623.7730917.072293.30
51VII78640865029416.7331773.562356.83
52VII80760888430210.0332630.422420.39
53VII82880911731002.9933486.912483.92
54VII85000935031795.9534343.402547.45



Workman Staff:



Actual DA Actual  DA Actual  Increase 
From May  2015From August  2015in DA Amt from August 2015
StageCadreNew Basic PaySpl Allow @ 7.75%33.70%36.40%2.70%
1Clerk117659124272.154614.43342.28
2Clerk124209634510.074871.41361.34
3Clerk1307510134747.665128.03380.38
4Clerk1373010644985.585385.02399.44
5Clerk1454511275281.465704.61423.14
6Clerk1536011905577.356024.20446.85
7Clerk1617512545873.576344.16470.58
8Clerk1715513306229.456728.54499.09
9Clerk1813514056584.987112.56527.58
10Clerk1911514816940.857496.94556.09
11Clerk2009515577296.727881.33584.60
12Clerk2124016467712.588330.50617.92
13Clerk2238517358128.448779.68651.24
14Clerk2353018248544.309228.86684.56
15Clerk2467519128959.829677.67717.85
16Clerk2582020019375.6810126.84751.17
17Clerk2696520909791.5410576.02784.49
18Clerk28110217910207.3911025.20817.80
19Clerk30230234310977.1011856.57879.47
20Clerk31540244411452.6112370.18917.57
21Clerk32850254611928.4512884.14955.69
22Clerk34160264712403.9613397.75993.79
23Clerk35470274912879.8013911.721031.91
24Clerk36780285013355.3114425.321070.01
25Clerk38090295213831.1514939.291108.13
26Clerk39400305414307.0015453.261146.26
27Clerk40710315514782.5115966.861184.36
28Clerk42020325715258.3516480.831222.48
1Sub-Staff95657413473.123751.38278.26
2Sub-Staff98907663591.073878.78287.71
3Sub-Staff102157923709.364006.55297.19
4Sub-Staff105408173827.314133.95306.64
5Sub-Staff108658423945.264261.35316.09
6Sub-Staff112758744094.214422.24328.02
7Sub-Staff116859064243.174583.12339.96
8Sub-Staff120959374391.784743.65351.86
9Sub-Staff125059694540.744904.54363.80
10Sub-Staff1291510014689.695065.42375.73
11Sub-Staff13405

1039

4867.635257.62389.99
12Sub-Staff1389510775045.565449.81404.24
13Sub-Staff1438511155223.505642.00418.50
14Sub-Staff1487511535401.445834.19432.76
15Sub-Staff1544511975608.356057.69449.33
16Sub-Staff1601512415815.276281.18465.91
17Sub-Staff1658512856022.196504.68482.49
18Sub-Staff1724013366260.116761.66501.55
19Sub-Staff1789513876498.037018.65520.61
20Sub-Staff1855014386735.967275.63539.68
21Sub-Staff1920514886973.547532.25558.71
22Sub-Staff1986015397211.467789.24577.77
23Sub-Staff2051515907449.398046.22596.83
24Sub-Staff2117016417687.318303.20615.90
25Sub-Staff2182516917924.898559.82634.93
26Sub-Staff2248017428162.818816.81653.99
27Sub-Staff2313517938400.749073.79673.06
28Sub-Staff2379018448638.669330.78692.12



Rs.50 Lakh Stolen from Axis Bank Cash Van in Kerala

n a daring incident that took place in Uppala, Kasaragod, Kerala on Wednesday, ₹50 lakh was stolen from a van while it was transporting cash...

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