Tag: Bank

Cheque transaction Rules Change! Big news! This bank has

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Punjab National Bank: If your account is also in Punjab National Bank (PNB), then this news is for you. If you pay by cheque, then you will not be cheated. Yes, PNB has implemented a new system of cheque payment to save crores of customers of the bank from fraud.
Now Positive Pay System (PPS) has been made mandatory for customers to make cheque payments of Rs 5 lakh or more. This change will come into effect from April 5 next month.
It is necessary to give details of cheque in PPS
Public sector bank has taken this step to save customers from any fake payment through cheque. In a statement from PNB, it was said that this decision will come into effect from April 5, 2023. Earlier, it was necessary to give the details of the cheque in the Positive Pay System (PPS) for payment of cheque of Rs 10 lakh and above. The statement said that PPS is a system developed by the National Payments Corporation of India (NPCI). Under this, customers have to confirm the necessary details while issuing chequs of a certain amount.

Additional security to avoid risk
These details include account number, cheque number, cheque alpha code, date of issue, amount and beneficiary name. This provides additional security to avoid any risk while making payment of large amount of cheques. The bank said that customers can avail this facility by giving cheque details through branch office, online banking, mobile banking or SMS banking.
Availing the facility at the option of the account holder
As per RBI guidelines, PNB had earlier introduced PPS for cheque of Rs 50,000 and above presented in CTS clearing from January 1, 2021. It was also said on behalf of RBI that it is at the discretion of the account holder to take advantage of this facility. Banks may consider making it mandatory for cheque of Rs 5 lakh and above.
What is Positive Pay System
PPS is a system developed by the National Payments Corporation of India (NPCI). Under this, customers are required to reconfirm necessary details such as account number, cheque number, cheque alpha code, date of issue, amount and beneficiary name etc. while issuing a cheque of a certain amount. In this, the customer has to provide all these details to the bank.
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( With inputs from : kashmirpublication.in )

March 4, 2023
J&K Bank Laptop/ PC Finance Scheme Check Eligibility
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NATURE OF FACILITY
TERM LOAN.
PURPOSE
To provide finance for purchase of Laptop/ PCs / Netbooks / Tablets.
ELIGIBILITY
Permanent Employees, Contractual employees, Professionals, Self-employed Individuals, Proprietorship concerns, Teachers under Rehaber-a-Taleem J&K Govt., Officials under Rehaber-a Zeerat , J&K Govt., Pensioners drawing their monthly pension through our bank.
Employees of Private Limited Companies, Private Organizations, Reputed Establishments.
Regular students of recognized schools, colleges & universities.
Regular teachers of recognized private schools (must be permanent residents of Union Territories of J&K and Ladakh).
AGE OF THE APPLICANT
Minimum age: 18 years.
Maximum age at loan maturity: For employees Date of retirement or 60 Years whichever is earlier.
For others: 70 years.
QUANTUM OF FINANCE
Maximum of Rs.1,50,000/=.
MARGIN
10%.
SECURITY
PRIMARY:
NIL for loans up to Rs. 50000/-
Hypothecation of Laptop/PC/Netbook/ be purchased, if loan amount is above Rs. 50,000.00
COLLATERAL:
Nil for:
Government employees drawing salary through our Branches & where letter of confirmation is available.
Platinum / Gold / Premium plus Current account holders, having maintained satisfactory accounts for at least last 6 months.
Cash Credit / SOD account holders having a sanctioned limit above Rs 5 lacs and minimum average utilization percentage above 60% from at least 6 months prior to this facility.
Customers having Fixed Deposit accounts of value more than Rs. 5 Lakh in the Business unit sanctioning the facility. The deposit should be more than 3 months old at the time of disbursement of the loan.
Third Party Guarantee of one person for all other categories.
PROCESSING CHARGES
NIL
RATE OF INTEREST (SUBJECT TO CHANGE)
3 year MCLR plus 2.50%, fixed.
Click here for rate of Interest
REPAYMENT
12 to 48 months in equated monthly installments.
No Pre-payment Charges
MORATORIUM PERIOD
Nil
The post J&K Bank Laptop/ PC Finance Scheme Check Eligibility and Rate of Interest appeared first on Kashmir Publication.
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( With inputs from : kashmirpublication.in )
March 3, 2023
Bank customers Alert! Big news! Now banks will open only this

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Bank employees are going to get good news. His week off is about to increase. That means now they will have to work less days in a week. However, their working hours will be extended.
It is being claimed in the media reports that the Indian Banks’ Association (IBA) is going to consider the demands of bank unions for holidays and working days in a week. If this rule is accepted then the bank employees will get great relief.
Work burden on bank employees
In fact, the issue of work burden on bank employees is repeatedly raised by bank unions. In view of this, they are demanding work for 5 days a week. According to media reports, IBA is considering the model of bank employees working 5 days a week and two days off.
Right now there are six weeks off in a month. It is being said that if this is implemented, the employees will get Saturday and Sunday off, while their working hours will increase by 5 days. They will have to work 40 minutes more everyday. According to media reports, after the new model is implemented, bank employees may have to work from 9.45 am to 5.30 am.
Let us tell you that now the employees get 6 days of week off in a month, while after the new model is implemented, they will get 8 days of week off. At present, apart from four Sundays in the bank, there is a holiday on the second and fourth Saturdays. This also creates a bit of confusion among the customers.
Two week offs are also being given by LIC
Tell that the government insurance company LIC is also giving two days week off to its employees. Before listing last year, LIC had implemented a model of working 5 days a week. After this the bank unions intensified their demands in this regard.

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( With inputs from : kashmirpublication.in )

March 3, 2023
Palestine condemns Israeli PM’s visit to West Bank settlement

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Ramallah: Palestine has condemned the Israeli Prime Minister Benjamin Netanyahu’s visit to the Israeli settlement of Har Brakha near the northern West Bank city of Nablus.
The Palestinian Foreign Ministry on Thursday said in a press statement that “the provocative visit of Netanyahu into the West Bank and the hostile statements and stances he made are rejected and condemned”.
A statement issued by Netanyahu’s office said that he and his wife Sara arrived in the settlement to condole the family of the two Israelis who were killed in a shooting attack carried out by Palestinians in the town of Hawara, south of Nablus on Sunday.
On Sunday, a Palestinian gunman opened fire at a vehicle of two Israelis in Hawara and killed them. In response, Israeli settlers attacked the town and burned dozens of cars and homes, Xinhua news agency reported.
The Palestinian Foreign Ministry added, “Netanyahu’s visit has no legitimate or legal characteristic, contrary to the rules of international law, UN resolutions, and the signed agreements.”
It said that “the visit reveals the true face of the Israeli government and its Prime Minister, who leads a government of settlements and settlers and sabotages the opportunity to revive the peace process”.
The Israeli Prime Minister’s visit comes amid tensions between the Palestinians and Israelis since January 1.
Israel took control of the West Bank in 1967 and established dozens of settlements on it. The settlement issue is one of the most prominent aspects of the Palestinian-Israeli conflict and one of the main reasons for suspending the last direct peace negotiations between the two sides in 2014.

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( With inputs from www.siasat.com )

March 3, 2023
Bank opening-closing time Change: Big news for bank customers

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Bank opening-closing time Change: Big news for bank customers, bank opening-closing time will change, know why

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If you yourself are a bank employee or there is a bank employee in your family, then this news will make you happy. Yes, the long standing demand of bank employees can now be fulfilled.
According to this, the facility of five day week may be implemented soon for the bank employees. An agreement has been reached between the Indian Banks Association (IBA) and the United Forum of Bank Employees regarding this. But due to the increase of two holidays in a month, the working hours of the bank employees will be increased.
Will have to work 40 minutes more daily
According to the new agreement, bank employees will have to work 40 minutes more daily. Let us tell you that apart from Sunday, banks have a holiday on the second and fourth Saturdays of the month. But now in the coming time, banks will remain closed on every Saturday and Sunday. A new arrangement may start soon regarding this. Consent has been given by the association in this regard. Bank unions have been demanding five days working for a long time.
Five day week happened in LIC last year
Five day week was done in LIC before the listing in the stock market in the year 2022. After this, the demand for five day week from the bank unions intensified. S Nagarajan, General Secretary of All India Bank Officers, said that the government will have to declare all Saturdays as holidays under Section 25 of the Negotiable Instruments Act.
According to the report, the employees will need to work 40 minutes more daily from 9.45 am to 5.30 pm. A senior official also told that this proposal has been agreed to by the IBA. Bank employees say that most of the customers are using mobile banking, ATM and internet banking facilities. But still it is with some customers that they prefer to visit the branch.

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( With inputs from : kashmirpublication.in )

March 2, 2023
J&K Bank Special Bachat Deposit Scheme Check Features
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- Who can open a Special Bachat Deposit account with J&K Bank?
Special Bachat Deposit account can be opened by individuals, either singly or jointly, Parents/ Guardians on behalf of minors.
- What is the minimum Average Monthly Balance required to be maintained?
  Minimum AMB of Rs. 10000/-.
- What are the benefits of the Special Bachat Deposit Scheme?
  You can avail the following benefits:
  Free cash withdrawals over the counter: 30 withdrawals per half year.
  Free accidental death insurance cover of Rs.2.00 lacs.
  International Gold Debit Card with withdrawal limit of Rs. 1.00 lacs per day and shopping limit of Rs. 1.50 lacs per day.
  Special discount in charges on cash deposit at Base and Non-Base Business Units.
  Free e-banking / m-banking facility.
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( With inputs from : kashmirpublication.in )
March 2, 2023
J&K Bank Coaching Fee Loan Scheme Check Eligibility
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NATURE OF FACILITY
Term Loan
PURPOSE
Financing fees of coaching classes or institutes that train students for entrance examinations to courses like medicine, engineering and civil services etc. and for other related expenses like lodging / boarding, purchase of Laptop/ PCs / Netbooks / Tablets / Study Material / eTutorials.
CLASSIFICATION
Priority.
ELIGIBILITY
Student should be an Indian National and should have completed Class X or above aspiring for admission in Engineering, MBBS, MBA, Post-Graduation courses etc.
Students pursuing graduation/post-graduation course or employed individuals, desirous of competing for Civil Service Exam of UPSC / State Public Service Commission for employment in IAS, KAS, IPS, KPS etc.
The students should have secured a minimum of 55% marks in the previous qualifying exam.
Age not exceeding the maximum for targeted competitive exam
Parent/Guardian only borrower, if age of the student is below 18 years.
Parent/Guardian, jointly with the student if age of the student is 18 years or above.
BORROWER ELIGIBILITY
Permanent Employees of State / Central Government, Government / Semi-Government Undertakings, Autonomous Bodies, Public Limited Companies / Private Limited Companies who have been in current employment for a period of not less than two years.
Professionals, Self Employed Individuals ,Proprietorship Concerns, Persons engaged in agricultural and allied activities having at least one year satisfactory dealing with J&K Bank.
Pensioners State/Central Government, Public Sector Undertaking.
BORROWER’S AGE
Maximum age of Parent/Guardian at loan maturity: 65 years or age of retirement whichever is earlier.
If Parent/Guardian is a pensioner maximum age at loan maturity: 68 years
MAXIMUM LOAN:
Rs. 2 Lakh per child for coaching studies in India.
Maximum Amount per parent/guardian- Rs.4 Lakh only.

Finance for purchase of Laptop/ PCs / Netbooks / Tablets / Study Material / eTutorials should not exceed Rs. 40,000/= per student within the overall limit of Rs. 2.00 Lakh.
QUANTUM OF FINANCE
For Permanent Employees / Pensioners: Maximum 18 times of gross monthly salary / pension/ income or 90% of coaching fee (which may include boarding & lodging expenses if available in-house) plus 75% of the other expenses like purchase of Laptop/ PCs / Netbooks / Tablets / Study Material / eTutorials or Rs 2 Lakh per child/student, whichever is lower.
For Other Eligible Categories: 1.5 times of average gross annual income of last two years or 90% of coaching fee (which may include boarding & lodging expenses if available in-house) plus 75% of the other expenses like purchase of Laptop/ PCs / Netbooks / Tablets / Study Material / eTutorials or Rs 2 Lakh per child/student, whichever is lower
PROCESSING CHARGES
Rs. 250
MARGIN
10% of the coaching fee (which may include boarding & lodging expenses if available in-house).
25% of the other expenses like purchase of Laptop/ PCs / Netbooks / Tablets / Study Material / eTutorials
SECURITY
Primary : NIL
Collateral: Third Party Guarantee of One person.
In case of pensioners, guarantee of one person & guarantee of Spouse eligible for family pension shall be obtained.
No third party guarantee required in respect of permanent employees of State – UT and Central Government, State–UT / Central Government Undertakings & Autonomous bodies drawing salary through our Bank and where letter of undertaking from employer is available.
RATE OF INTEREST (SUBJECT TO CHANGE)
RLLR + 2% Floating
Click here for rate of Interest
REPAYMENT
36 months including moratorium period of 3 months.
The post J&K Bank Coaching Fee Loan Scheme Check Eligibility and Rate of Interest appeared first on Kashmir Publication.
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( With inputs from : kashmirpublication.in )
March 2, 2023
J&K Bank Bike And Scooty Loan Scheme Check Eligibility
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PURPOSE
For purchases of fresh Two wheelers i.e. Scooters, Scooties, Motor Cycles, Mopeds, Battery-Operated Scooters etc of any make and model.
ELIGIBILITY
Employees of Government/Semi-Government Undertakings, Autonomous bodies, Public Sector Undertakings, Private Companies or Reputed Establishments.
Professionals or Self-employed individuals / Businessmen / Employees on contractual basis (Rehbare-I-Talim, Rehbare-I-Zerat)
Pensioners , Family Pensioners drawing their pensions from our Bank.
Persons engaged in Agricultural and allied activities.
Students with a parent (Mother or father or both) as Co-borrower. Income of both the father and mother can be considered for arriving at quantum of finance and repaying capacity.
Housewives aged 18 years & above, with spouse as Co-borrower. Income of the spouse shall be considered for finance.
Minimum employment
(Applicant/Co-borrower): The applicant must have been in current employment for a period not less than 6 months or must have a business standing of at least 1 years.
Employees on contractual basis in Government / Semi-Government undertakings, Autonomous bodies & public Sector undertakings shall also be eligible, if they have been in current contractual job for a period not less than 1 year and the remaining contract period is longer than the chosen repayment period.
AGE
Minimum age of applicant/co-borrower: 18 years
(16 years for purchase of scooter having engine capacity below 55CC).
Maximum age of applicant at loan maturity: 65 years.
INCOME CRITERIA
Minimum Net Annual Income : Rs. 75,000/- .
QUANTUM OF FINANCE
Minimum: Rs.25,000/-
Maximum: Rs.2,50,000/-
MARGIN
10% of the ex-showroom price for Two wheelers with ex-showroom price up to Rs.1,00,000/-.
20% of the ex-showroom price for Two wheelers having ex-showroom price above Rs.1,00,000/-.
REPAYMENT PERIOD
Maximum period of 60 months.
RATE OF INTEREST (SUBJECT TO CHANGE)
RLLR+2.00% (Fixed) RLLR+1.50% (Floating)
Click here for rate of Interest
Rebate of 25 basis point for female borrowers.
SECURITY
Primary
Hypothecation of Two – Wheeler to be purchased.
Collateral
a) No third party guarantee required in respect of permanent employees of State / Central Government, State / Central Government Undertakings & Autonomous Bodies drawing salary through our Bank and where letter of undertaking from employer is available.
b) Guarantee of one person for all others.
PREPAYMENT CHARGES
Nil
PROCESSING CHARGES
1% of Loan amount to be paid upfront subject to a
Minimum of Rs. 500/- and
Maximum of Rs-2000/
The post J&K Bank Bike And Scooty Loan Scheme Check Eligibility and Rate of interest appeared first on Kashmir Publication.
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( With inputs from : kashmirpublication.in )
March 2, 2023
Bank of India Probationary Officer Exam Date 2023 – Online Exam Date Announced

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Bank of India Probationary Officer Exam Date 2023 – Online Exam Date Announced
Name of the Post : Bank of India Probationary Officer 2023 Online Exam Date Announced
Total Post : 500
Bank Of India (BOI) has given a Notification for the recruitment of Probationary Officer Vacancy in JMGS-I Project.
Important Links
Online Exam Date : Click here
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152 Posts Sports Authority of India Coach, Sr Coach & Other 2023 – Apply Online
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March 2, 2023
Palestinian man shot dead after Israeli forces raid camp in West Bank

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Ramallah: A Palestinian man died of wounds sustained during an Israeli army raid on a refugee camp near the West Bank town of Jericho, the Palestinian Health Ministry said.
The Palestinian liaison office of security coordination with Israel informed the Ministry that Jamal Hamdan, 22, died hours after he was shot by Israeli soldiers in the Aqabat Jabr refugee camp, the Ministry said in a press statement on Wednesday.
Palestinian witnesses said heavy clashes broke out in the refugee camp between dozens of Palestinians and the Israeli soldiers who stormed the camp, Xinhua news agency reported.
The Israeli military confirmed that one Palestinian, who was shot while fleeing the scene, died on the way to a hospital while three others were arrested during the raid. It accused the arrested Palestinians of being behind the killing of an Israeli citizen near Jericho a few days ago.
The tensions have been running high between Israelis and Palestinians in the West Bank and East Jerusalem since January, leading to the killing of 65 Palestinians and 13 Israelis so far this year, according to official Palestinian and Israeli figures.
الشاب محمود حمدان، الذي ارتقى متأثرا باصابته برصاص الاحتلال pic.twitter.com/S2RXkJQv0y
— المركز الفلسطيني للإعلام (@PalinfoAr) March 1, 2023
(Except for the headline, the story has not been edited by Siasat staff and is published from a syndicated feed.)
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March 2, 2023