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Tag: Finance

  • JKSSB: Admit Card For The Post Of Accounts Assistant Finance (FAA) – Download Notice Here – Kashmir News

    JKSSB: Admit Card For The Post Of Accounts Assistant Finance (FAA) – Download Notice Here – Kashmir News

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    Jammu And Kashmir service selection board has released Notice regarding Issuance of Admit Cards to the candidates for Computer Based Written Test (CBT) scheduled to be held w.e.f 16.03.2023 to 01.04.2023, for the post of Accounts Assistant (Finance), advertised vide Advertisement Notification No. 04 of 2020, under item No. 106.

    Stepwise procedure to download JKSSB E-Admit Card:

    • To download E-Admit Card, first visit the official website of JKSSB, i.e., www.jkssb.nic.in.
    • On the homepage, there will be an option to download E-Admit Card.
    • On that page, click on the link/button – “LOGIN”.
    • Enter log-in credentials, i.e., Username and Password.
    • Username will be your Application ID & Password will be your DOB
      in YYYYMMDD format.
    • On successful completion of above step, your basic details will be shown, kindly verify the
      details, in case of any mismatch, please contact helpdesk via call or email.
    • Click on the ‘View and Print E-Admit Card’ button.
    • The JKSSB E-Admit Card will appear on the screen.
    • Note: The E-Admit Cards will be issued in two Levels:
    • ● Level-1 City Intimation:- This E-Admit card will be issued 07 days before the exam
      date to inform the exam city, exam date and exam time to the candidate.
    • ● Level-2 Final E-Admit Card:- This Final E-Admit Card will be issued 03 days prior to the exam date, depicting the Exam Centre Name and Address.
    • ● CANDIDATE MUST BRING THE PRINTED COPY OF THE LEVEL-2 E-ADMIT CARD ON THE DAY OF EXAMINATION.
    • Download and Print your JKSSB E-admit card.

    IMG 20230306 213600 IMG 20230306 213619

    Click Here – To Download Notice


    Post Views: 356

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    #JKSSB #Admit #Card #Post #Accounts #Assistant #Finance #FAA #Download #Notice #Kashmir #News

    ( With inputs from : kashmirnews.in )

  • 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

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    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 )

  • RBI cancels registration of Rhino Finance due to irregular lending practices

    RBI cancels registration of Rhino Finance due to irregular lending practices

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    India's forex reserves post biggest weekly fall in 11 months

    Mumbai: The Reserve Bank of India on Thursday said it has cancelled the registration of Guwahati-based Rhino Finance Private Ltd for irregular lending practices.

    In a release, it said the Certificate of Registration (CoR) of Rhino Finance has been cancelled on account of violation of RBI guidelines on outsourcing and Fair Practices Code in its digital lending operations undertaken through third party apps which was considered detrimental to public interest.

    “The company was also not complying with the extant regulations pertaining to charging of excessive interest and had resorted to undue harassment of customers for loan recovery purposes,” the RBI said.

    Name of the services provider/mobile app associated with the company include Hello Loan, Credithub, KoKo Cash, Flash Loan, Bridge Loan, Crazy Bee and Rupee Bus.

    With cancellation of the CoR, Rhino Finance shall not transact the business of a non-banking financial institution, the central bank said.

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    #RBI #cancels #registration #Rhino #Finance #due #irregular #lending #practices

    ( With inputs from www.siasat.com )

  • J&K Bank Kissan Dost Finance Scheme Check Eligibility

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    PURPOSE

    For purchase of wide range of Agricultural/Horticultural implements/machinery including Power Tillers, Reapers, Weeders, Harvesters, Rice Transplanters, Pump Sets, Sprayers, Threshers, Tractors, Load Carriers, Wheel Carts,  Three wheeler Load Carriers, One Ton Load Carriers etc. The list is indicative and not exhaustive. It can include all types of implements/equipments, machinery utilized by the farmers for farm mechanization purposes.

    ELIGIBILITY

    1. For financing Tractors/Harvesters/Reapers/Four Wheeler Load Carriers

    Farmers/Employees owning minimum Irrigated cultivable agri land holding of 4 kanals or more for cultivation of crops including vegetables, floriculture, horticulture, cereals, pulses, fruit, medicinal and aromatic plants, etc.

    OR

    Non-Irrigated cultivable agri land holding of 8 kanals or more for cultivation of crops including vegetables, floriculture, horticulture, cereals, pulses, fruit, medicinal and aromatic plants, etc.

    2.For financing Power Tillers, weeders, Rice transplanters, Pump Sets, Sprayers, Threshers, Three Wheeler Load Carriers etc.

    Farmers/ Employees with minimum cultivated agri land holding of half an acre i.e. “4 kanals” for cultivation of crops including vegetables, floriculture, horticulture etc. The maximum amount of loan to the farmers having 4 kanals of land shall not exceed Rs 7.00lacs.

    3. For financing pump sets, sprayers, grass cutter, baskets & receptacles, ladder, trays handcarts etc.

    Farmers/Employees owning minimum apple cultivated land of 2 kanals. The maximum amount of loan to the farmers having 2 kanals of land shall not exceed Rs2.00lacs.

     

    MAXIMUM PERMISSIBLE FINANCE

    1.General Category Borrowers Maximum Loan Amount Rs.15.00 lacs.

    2. Central/state Government Employees and employees of Public Sector Undertakings, Autonomous Bodies & Institutions. 48 months gross salary or Rs15.00 lacs whichever is lower. Gross deduction from salary including installments of the proposed loan not to exceed 60% of gross income.

    MARGIN

    10 % of Invoice value across all categories.

    RATE OF INTEREST (SUBJECT TO CHANGE)

    1 Year MCLR + 0.25% (Floating) present effective 9.05% with reset clause of one year.

    REPAYMENT

    Term Loan shall be repaid in maximum 7 years in 84 equated monthly installments with moratorium period up to three months from the date of first disbursement of the facility. Thus maximum door to door tenor of loan shall be 7 years and 03 months. In case of Central/state Government Employees and employees of Public Sector Undertakings, Autonomous Bodies & Institutions repayment to be fixed in such a way that the facility is adjusted one month before attaining age of superannuation or 07 years and three months from date of first disbursement whichever is earlier. However if the employees provide the collateral security as applicable to General category farmers, the repayment may be fixed as per cash flows without linking the same with age of superannuation.

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    The post J&K Bank Kissan Dost Finance Scheme Check Eligibility and Rate of Interest appeared first on Kashmir Publication.

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    #Bank #Kissan #Dost #Finance #Scheme #Check #Eligibility

    ( With inputs from : kashmirpublication.in )

  • G20 Finance Ministers & Central Bank Gov meeting

    G20 Finance Ministers & Central Bank Gov meeting

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    G20 Finance Ministers & Central Bank Gov meeting



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    #G20 #Finance #Ministers #Central #Bank #Gov #meeting

    ( With inputs from www.siasat.com )

  • JK Bank Finance Scheme For Children’s Check Features

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    FEATURES & BENEFITS

    • Monthly Installment          Rs. 100/- and its multiples.
    • Tenure                                  7, 9 and 10 years as recurring (Phase-I) and 5 , 7 and 10 years respectively as term deposit (Phase-II).
    • Interest rate                        Fixed. Interest rates as per the rates prevalent at the beginning of the respective phases.
    • Interest application             Quarterly compounded interest.
    • Interest payouts                 On maturity
    • Add- ons

    Accidental Insurance Cover for the Parent / Guardian (linked to the size of monthly deposit amount).

    • Premature withdrawal       Allowed with penalty.

    ELIGIBILITY

    • Minor through parents/guardian.
    • A person in his/her name.

    DOCUMENTATION

    • Application Form
    • Photograph of Parent/ Guardian/ depositor (2 copies)
    • Documents as  per KYC Norms(of Parent/ Guardian)
    • Minor’s birth certificate (for minors only)
    • Guardianship proof for Legal Guardian (Court Decree)(For minors only)
    • Minor Declaration signed by the Parent/Guardian( For minors only)
    • PAN Card or Form 60 or 61
    • Any other related documents as applicable to Minors.

    RATE OF INTEREST (SUBJECT TO CHANGE)

    Click here for rate of Interest

    FAQS

    • What is the eligibility for opening an account under Child-care Deposit Scheme 
      of J&K Bank?
      Accounts under this scheme can be opened in the name of minor jointly with Parents/ Guardian. Individuals can also open accounts under the scheme in their own names.
    • What is the amount of monthly installment required to be deposited in Phase-I?
      You can deposit a fixed monthly installment of Rs 100 and above in multiples of Rs 100.
    • What are the tenures for which the accounts can be opened?
      You can open an account for the following 3 tenures- 12, 16 ort 20 years, comprising of 7, 5, or 10 years of phase I which is in the nature of recurring deposait and 5, 7 or 10 years respectively of Phase II which is in the nature of Cash Certificate.
    • Is interest under this scheme applied on Simple or Compound basis?
      Interest compounded quarterly is provided under this scheme.
    • Can I withdraw my deposit prematurely?
      Yes, but penal interest, as applicable, shall be charged on such pre-mature withdrawals.
    • Is loan facility available against the deposit?
      Loan facility can be provided after deposit completes its first phase i.e. after entry into the 2nd phase, bank can allow loan not exceeding 90% of the amount accumulated at the time of first phase.

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    The post JK Bank Finance Scheme For Children’s Check Features and Benefits appeared first on Kashmir Publication.

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    ( With inputs from : kashmirpublication.in )

  • J&K Bank Solar Equipment Finance Scheme Check Eligibility

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    PURPOSE

    • For Purchase & Installation Of Off-Grid Solar Lighting & Photo –Voltaic Systems (Solar Inverters). The Finance Shall Be Granted For The Purchase Of The System From Authorized Dealers Of Reputed Companies.

    ELIGIBILITY

    • Confirmed Employees of: Government /Semi-Government Departments/Bodies/Agencies & Public Sector Undertakings.
    • Permanent Employees of Private Companies or Reputed Establishments with minimum 2 years association with the Current Employer and maintaining salary account with us.
    • Professionals, Self Employed Individuals & Businessmen with at least 2 years of experience in profession/business
    • Retired Govt. Employees with age not more than 70 years on maturity of loan.
    • Persons engaged in agricultural and allied activities.

    QUANTUM OF FINANCE

    • Individuals: 12 times net monthly salary/ pension / income.
      Persons engaged in agricultural and allied activities: Maximum of 2 times net annual income as certified by concerned Tehsildar.
    • The maximum quantum of finance shall not exceed Rs 50000.00

    MARGIN

    • Nil

    SECURITY

    • Primary
      Nil
    • Collateral
      Nil for Employees of J&K State Govt. / Central Govt. / Semi Govt. Departments/ Bodies/ Agencies and PSU’s maintaining salary accounts with our Bank.
    • For others- Third Party Guarantee of ONE person acceptable to Bank and having sufficient net worth to withstand the liability.

    PROCESSING CHARGES

    • Rs. 500.00 plus applicable GST.

    RATE OF INTEREST (SUBJECT TO CHANGE)

    • Fixed rate of interest @ 3 year MCLR plus 3 % with monthly rests.

    Click here for rate of Interest

    TENOR

    • Maximum Tenor of Loan shall not exceed 36 months.

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    The post J&K Bank Solar Equipment Finance Scheme Check Eligibility and Rate of Interest appeared first on Kashmir Publication.

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    ( With inputs from : kashmirpublication.in )

  • J&K Bank Modular Kitchen Finance Scheme Check Eligibility

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    NATURE OF THE FACILITY

    • Term loan.

    PURPOSE

    • Purchase of Modern Modular Kitchen.

    ELIGIBILITY

    • Permanent  employees (minimum service record of 3 years)  of  Govt  (State  &  Central)  ,  Semi  Govt Departments, Public Sector Undertakings, Autonomous Bodies and reputed Public / Private limited companies..
    • Professionals/Self Employed like Doctors, Lawyers, Chartered Accountants, Engineers with a minimum standing of 2 years.
    • Pensioners (State/Central) drawing pension through our bank.
    • Minimum age: 18 years.
    • Maximum age at loan maturity: 60 years for professionals/Self Employed, 65 years for pensioners.
    • In case of Govt employees, loan should be adjusted one month before the date of retirement.

    SCALE OF FINANCE

    • Maximum: rupee 5 lakh or 60 months net income or 80% of the cost of the modular kitchen, whichever is lower.
    • For Govt. employees gross deductions should not exceed 60% of gross salary while as for others deductions should not exceed 50% of gross income.

    MARGIN

    • 20%

    SECURITY

    • Primary: Hypothecation of items purchased.
    • Collateral:
    • Third Party Guarantee of one person of sufficient net worth for all categories.
    • For pensioners, guarantee of spouse eligible for family pension.
    • No third party guarantee required for Union Territories of J&K and Ladakh Government employees drawing monthly salary through our Business units and who provides letter of confirmation from their DDOs. Where Letter of confirmation is not available 3rd party guarantee of one person of sound means.
    • No third party guarantee in case of the Fixed Deposit holders having term deposits in the Business unit equal to 100% of the loan amount or pledge NSC, Insurance Policies or other Govt Securities of equivalent value. The fixed deposit/security shall remain under lien to the Bank till adjustment of loan.

    PROCESSING CHARGES

    • 0.5% of the amount disbursed.

    REPAYMENT

    • Upto rupee 2,50,000: 72 months.
    • Above rupee 2,50,000: 84 months.

    PREPAYMENT

    • No penalty on prepayment.

    RATE OF INTEREST (SUBJECT TO CHANGE)

    • For state Govt. Employees & Pensioners (State/Central) : Applicable MCLR + 3.00% p.a fixed with monthly rests.
    • For others: Applicable MCLR + 3.50% p.a. fixed with monthly rests.

    Click here for rate of Interest

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    The post J&K Bank Modular Kitchen Finance Scheme Check Eligibility and Rate of interest appeared first on Kashmir Publication.

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    ( With inputs from : kashmirpublication.in )

  • Banking System Change: Big news for the customers Finance

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    Banking System Change: Big news for the customers Finance Minister issued a statement


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    Nirmala Sitharaman on Banking System: Are you trying to take a loan from any bank and are troubled by going around the bank, then you will definitely get relief from this news.

    Yes, an order has been given by Union Finance Minister Nirmala Sitharaman to simplify the banking system. It was said on behalf of the Finance Minister that banks should make banking operations simple according to the needs of the customers.

    With this, more and more customers will be able to connect with them. The Finance Minister suggested in the meeting The Union Finance Minister said last days that banks should pay attention to the facilities of the customers. This will make the process easier for the borrowers.

    On behalf of the Finance Minister, it was also told to the banks that the standards of giving loans should be correct. This suggestion was made a few days ago in a meeting between industry representatives and the Finance Minister.

    During this, Nirmala Sitharaman asked all the big banks to implement it. Following this suggestion given by the Finance Minister will benefit the customers of all banks including ICICI Bank, SBI and HDFC Bank. The Finance Minister also said that there is a need to make the banking system more and more customer friendly. You have to take care of the facilities of the customers.

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    ( With inputs from : kashmirpublication.in )

  • Finance Minister meets ADB President, lauds support to India

    Finance Minister meets ADB President, lauds support to India

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    New Delhi: Finance Minister Nirmala Sitharaman on Tuesday met Asian Development Bank (ADB) President Masatsugu Asakawa, and acknowledged the swift response and support provided by the institution to all its developing member countries, including India during the Covid-19 pandemic.

    She also appreciated the ADB’s support to India’s G20 Presidency priorities.

    Asakawa is on his maiden visit to India after taking over as ADB’s President in 2020.

    Sitharaman encouraged the ADB to complement India’s efforts towards infrastructure creation, livelihood generation, green and sustainable growth as well as boosting private investment, through its financial as well as knowledge resources.

    Asakawa congratulated the Finance Minister for Indian economy’s post pandemic recovery and stated that despite the disruptions caused by the pandemic, India remains the fastest growing major economy with expected 7 per cent growth in fiscal year 2022-23.

    Sitharaman suggested to Asakawa that the ADB may attune its priorities to government’s vision for initiatives like energy transition, PM GatiShakti, logistics policy, industrial corridors, climate change adaptation, circular economy, health, Mission Karmayogi, and Skill India programme.

    The ADB President complimented Sitharaman for India’s G20 presidency and conveyed ADB’s support for various initiatives India has taken under this.

    He welcomed Sitharaman’s prioritisation of green growth in the budget for 2023-2024.

    He also appreciated the government’s vision for mission LiFE connecting individuals to the cause of environment.

    The Finance Minister stressed on laying the foundation for India@100. In this light, the two leaders also discussed India-ADB Country Partnership Strategy 2023-2027, which is being finalised.

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    #Finance #Minister #meets #ADB #President #lauds #support #India

    ( With inputs from www.siasat.com )