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  • JK Grameen Bank Home Loan Scheme Check Eligibility

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    Eligibility:

    a) A permanent employee working in Govt. / Semi-Govt. / Public Sector undertaking/ Autonomous Bodies having completed minimum 2 years of confirmed service as on date of application. The employee should be maintaining his/ her salary or saving bank account with the Bank or maintaining his salary account with other Bank.
    b) Employees of Reputed Companies with a minimum of 3 years of service.
    (c) Central/ State Govt. Pensioners, except family pensioners, drawing their monthly pension from our bank whose spouse is alive and is eligible for family pension.
    (d) Farmers/ Orchardist/ Business-men/ Traders/ Contractors with a minimum standing of two years.
    (e) Professionals & Self Employed Persons like Doctors/ Engineers/ Architects/ Chartered Accountants/ Advocates etc. with a minimum standing of 2 years.

    2) Age of the Applicant:

    • Minimum : 18 years
    • Maximum:
      a) For salaried employees the loan repayment period shall be adjusted in such a way that the loan along with interest is adjusted atleast six months prior to the date of retirement.
      b) For pensioners the loan sanctioned will be fully repaid by the time pensioner attains the age of 70 years.
      c) For others, the maximum age at loan maturity shall be 65 years
      (Actual loan amount will be determined taking into consideration such factors as applicant’s income and repaying capacity, age, assets and liabilities, cost of the proposed house etc.)

    3) Quantum of Loan:

    For the purpose of working out of loan assistance, Project cost shall be estimated on realistic basis at current cost of construction/ valuation in case of readymade houses from qualified approved engineers. The maximum loan that can be considered for sanction under direct finance housing as under:

    • i) For construction/ purchase of built House/ flat-
      60 months net salary/ income or Rs. 30.00 lacs whichever is lower. For pensioners, the maximum eligible loan amount shall be 36 times the gross monthly pension.
    • ii) For repairs/ renovation/ extension/ addition-
      30 months net salary/ income or Rs.15.00 lacs, whichever is lower.
    • iii) For purchase of a plot of land for construction of dwelling house:
      30 months net salary/ income or Rs. 12.00 lacs whichever is lower. Maximum size of plot of land to be purchased shall not exceed 1 kanal.

    Loan cases over and above Rs.30.00 lacs can also be entertained after obtaining proper permission from Head Office

    Branches may extend finance to a person who already owns a house in town/village where he resides, for buying/ constructing a second house in the same or other town/ village for the purpose of self occupation.

    4) Margin:

    25% of the project cost.

    5) Security:

    For loans upto Rs.2.00 lacs:
    Primary: Negative Lien on house property with power of attorney to sell the same in case of default.
    Collateral: Third party guarantee of one person of sound financial net means, acceptable to the Bank and good for the loan amount.

    For loans above Rs.2.00 lacs:
    Primary: Mortgage of the house/ property to be constructed/ purchased along-with the land underneath and appurtenant thereto it.
    Collateral: Third party guarantee of one person of sound financial net means, acceptable to the Bank and good for loan amount.

    6) Repayment Period:

    The loan along-with interest at prevailing rate shall be repayable in 5 Years to 20 years in equal monthly installments after the moratorium period.

    In case of salaried employees, the repayment period shall be fixed in a manner that the entire principal amount along with interest is liquidated six months prior to the date of his/ her retirement within the maximum repayment period of 20 years. Moreover, it shall be discretion of the borrower to repay the loan in shorter period with larger sums or pay installments even during the moratorium period. For pensioners repayment period shall be 10 years or till the pensioner attains the age of 70 years whichever is earlier.

    7) Processing Charges:

    0.25% of the Loan Amount
    50% of Concession in Processing Charges for Female Borrowers (Site/Joint Borrowers)

    * Conditions Apply

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    ( With inputs from : kashmirpublication.in )

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    FEATURES & BENEFITS

    • Deposit Amount                 Rs. 1000/- and its multiples.
    • Tenure                                    5 to 10 years.
    • Options Available            Option I (TSTDS –I):   
      Here, simple interest is applied on quarterly basis as in the case of a FDR and is paid to the customer in cash or credited to his /her account every quarter.
      Option II (TSTDS –II):
      Here, discounted simple interest is paid to the customer in cash or credited to his /her account at the end of every month.
      Option III (TSTDS –III):
      Here, compound interest is paid along with the principal at the time of maturity.
    • Interest rate                        Fixed.
    • Add-ons         Income Tax benefit under section 80C of Income Tax Act 1961 subject to maximum deposit of Rs. 1.50 lac per year under all the options of Tax Saver Deposit Plan.
    • Premature withdrawal        Not allowed till 5 years.
    • Loan facility                         Not available.

    ELIGIBILITY

    • Resident assessee for himself/herself as an individual or in the capacity of the Karta of the Hindu undivided family.
    • Joint accounts in the name of two adults or in the name of an adult and a minor.
    • In case of joint accounts, the tax benefits shall be available only to the first holder.

    DOCUMENTATION

    • Application Form
    • Photograph of depositor/s (2 copies)
    • Documents as  per KYC Norms
    • PAN Card or Form 60 or 61
    • Any other related documents as applicable to Minors, HUF etc

    FAQS

    • Who can open an account under Tax Saver Deposit Scheme of J&K Bank?
      Accounts under this scheme can be opened by:
      • Resident assessee for himself/herself as an individual or in the capacity of the Karta of the Hindu undivided family.
      • Joint accounts in the name of two adults or in the name of an adult and a minor.
      •  In case of joint accounts, the tax benefits shall be available only to the first holder.
    • What is the minimum amount required for opening an account under this Scheme?You can open an account under this scheme with an amount of Rs 1000 and its multiples thereafter.
    • What are the tenures for which the accounts can be opened?
      You can open an account for any tenure ranging from 5 years to 10 years.
    • What are the various variants available under this scheme?
      You  can invest in any one or more of the following options, subject to the maximum cap of Rs 1,00,000 in a year.

      Option I (TSTDS –I):   
      Under this option, simple interest shall be applied on a quarterly basis as in the case of a FDR and shall be paid to you in cash or credited to your account every quarter during the term of the deposit.
      Option II (TSTDS –II):
      Under this option, simple interest shall be applied to the deposit and paid to you in a manner similar to that of Monthly Yield Deposit Scheme. The discounted interest shall be paid to you in cash or credited to your account at the end of every month during the term of the deposit.
      Option III (TSTDS –III):
      Under this Option, interest compounded quarterly on the deposit shall be paid along with the principal at the time of maturity .The term deposit shall carry compound rate of interest.

    • What are the value additions of this scheme?
      You can avail Income Tax benefit under section 80C of Income Tax Act 1961 under all the options of Tax Saver Deposit Plan subject to maximum aggregate deposit of Rs. 1.5 lac per year
    • Can I withdraw my deposit prematurely?
      Premature withdrawal is not allowed before 5 years from the date of opening. Subsequently, you will be allowed to withdraw money prematurely after charging of penal interest.
    • Is loan facility available under this Scheme?
      No, loan facility is not available.

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    The post JK Bank Tax Saver Deposit Scheme Check Features and Benefits 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 )

  • 8th Pay Commission: Update on the 8th pay commission

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    8th Pay Commission: There is good news for central employees. After the Seventh Pay Commission, now the government can soon constitute the Eighth Pay Commission. Let’s know the complete details about it.

    These days more than one crore central employees and pensioners are eagerly waiting for the announcement of increase in dearness allowance and dearness relief. If everything goes well, this hike will be announced soon i.e. before Holi.

    On the basis of the AICPI data released by the Ministry of Labour, it is being estimated that this time also there may be an increase of 4 percent in the dearness allowance. If this happens, the dearness allowance of central employees will increase from the current 38 to 42 per cent.

    8th pay commission may be announced before general elections

    Meanwhile, once again the discussions regarding the 8th Pay Commission have intensified. If experts are to be believed, general elections are to be held in the country in 2024. In such a situation, before this, the government can give a big gift of the Eighth Pay Commission to the employees. If sources are to be believed, the Central Government may introduce the Eighth Pay Commission in 2024.

    And to implement it, its Pay Commission can also be formed. After this it can be implemented in 2026. However, at present no proposal of any kind has been presented by the Central Government regarding the Eighth Pay Commission.

     

    Demand for 8th Pay Commission intensified

    Central employees demanding the 8th Pay Commission say that they are getting less salary than what was recommended in the 7th Pay Commission. Meanwhile, the employees unions are preparing for a countrywide movement to press for their demands.

    The union says that the government should clear the situation as soon as possible. At the same time, the government has categorically denied any idea on the subject of implementing the 8th pay scale in the House. Union Minister of State for Finance Pankaj Chowdhury has mentioned this in Parliament as well.

    Minimum salary Rs 26,000

    It is being told that if everything goes well, the 8th Pay Commission can be planned in the next year 2024. If this happens then there can be a tremendous increase in his salary. According to reports, the minimum pay of government employees will increase from Rs 18,000 to Rs 26,000 if the employees union’s proposal is approved under the 8th Pay Commission. And the fitment factor will increase up to 3.68 times.

    8th pay commission recommendations may be implemented in 2026

    Let us tell you that the Pay Commission for the employees is implemented only once in every ten years. The same pattern has been seen in the implementation of 5th, 6th and 7th pay commissions. According to an estimate, the 8th Pay Commission will be set up in the year 2024 and whose recommendations can be implemented in 2026.

    Will the government end the pay commission?

    Along with this, news is also coming that after the 7th Pay Commission, its tradition will end. That is, after the 7th Pay Commission, no new Pay Commission will come next.

    Instead, the government can implement an automatic increment system. In this, the salary hike of government employees will be done automatically. It can be like increment in private jobs. If there is more than 50 percent DA in this, there will be an automatic revision in the salary.

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    ( With inputs from : kashmirpublication.in )

  • Post Office Policy: Big news! Get the benefit of Rs 10 lakh in just

    Post Office Policy: Big news! Get the benefit of Rs 10 lakh in just

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    In this post office policy, a person can get an insurance cover of Rs 10 lakh by paying just Rs 299 and Rs 399 premium. It is necessary to renew the insurance policy every year and for this it is also mandatory to have an account with India Post Payments Bank.

    New Delhi. Insurance has become very important for every person today. Accidents can happen at any time in life. Therefore, it is necessary for everyone to have such an insurance policy that will also cover the cost of treatment on an accident and also give a claim in case of death or disability. Even today many people in India do not take insurance. One reason for this is the cost of insurance premiums. Keeping this in mind, the Indian Postal Department has come up with a Group Accident Protection Insurance Policy.

    In this policy, a person can get an insurance cover of Rs 10 lakh by paying just Rs 299 and Rs 399 premium. It is necessary to renew the insurance policy every year and for this it is also necessary to have an account with India Post Payments Bank. In the insurance policy, 60 thousand is given for IPD expenses and 30 thousand for OPD in case of accidental injury of the policyholder.

    These are the benefits

    Indian Postal Department has brought this accidental insurance policy in association with Tata AIG. It has two plans. In one, you have to pay a premium of Rs 299 annually and in the other plan you have to pay Rs 399. If a person chooses a plan of Rs 299, then he gets an insurance cover of Rs 10 lakh. If the insured becomes a victim of an accident, then in this policy he gets hospitalization expenses. During the treatment in the hospital, IPD expenses of up to Rs 60,000 and OPD claim up to Rs 30,000 are given.

     

    10 lakh to dependents on death

    In case of accidental death, Rs 10 lakh is given as compensation to the dependents. Not only this, if the insured becomes completely disabled, then he is given 10 lakh rupees. A claim of Rs 10 lakh is given only in case of partial disability. On the death of the insured, the dependents get Rs 5,000 for the funeral. If the dependents of the insured lived in another city, then the cost of commuting from there was also covered in this policy. At the same time, in the plan of Rs 399, all the above claims are available as well as an expenditure of 1 lakh is given to the 2 children of the dependent for education.

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    ( With inputs from : kashmirpublication.in )

  • Big update for pensioners, Complete this work before March 31

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    In Social Security Pension Scheme, Annual Physical Verification can also be done through Raj SSP Mobile App. After installing the mobile app from play store, click on the annual verification icon and enter the PPO number, then click on face capture.

    Pensioners Pension Update 2023: There is important news for the pensioners of Rajasthan. Those pensioners who have not yet got physical verification done under social security pension by the Department of Social Justice and Empowerment should get it done before March 31, otherwise the pension will be stopped.

    In case of non-submission of the certificate by the stipulated date, the pension payment may get stuck. The special thing is that now the physical verification is being done through biometric machine and OTP, in such a way pensioners will not only get easy verification but will also get benefits.

    You can complete the process in 4 ways

    The state government has fixed the deadline for the physical verification of the pensioners of Tonk district. Now pensioners will have to undergo physical verification by March 31 under any circumstances. The special thing is that pensioners can submit life certificate in 4 ways. Firstly, by uploading the certified life certificate on the website of the Pension Department.

    Second, through biometric machine authenticated by Aadhaar number, third through Jeevan Pramaan mobile app, by presenting digital certificate based on face verification technology and fourth, by appearing in person at the treasury office. About 8 thousand pensioners in the district Is.

    How to verify with mobile app

    Not only this, in Social Security Pension Scheme, annual physical verification can also be done through Raj SSP Mobile App. After installing the mobile app from play store, click on the annual verification icon and enter the PPO number, then click on face capture.

    After this the front camera of the mobile will be on, now the pensioners whose verification is to be done will have to keep their eyes open. The camera will automatically go off as soon as the pensioner’s face is verified with the Aadhaar portal. Finally, click on verify button and then the screen will appear saying verification done successfully.

    9500 new pensioners will be added

    In Rajsamand, 9500 pensioners will be linked to the pension scheme, for this verification will be done and three days’ time has been given to the officers. For this, a camp is being organized at the sub-division level.

    All the Village Development Officers were directed to present the report to the Sub-Divisional Officer, Kumbhalgarh after getting the pension physical verification of all the persons done in the next 3 days.

    More than 17000 accounts blocked in UP too, verify soon

    Social Welfare Department has blocked the accounts of more than 17000 pensioners due to lack of Aadhaar authentication and physical verification in Mirzapur of Uttar Pradesh, in such a situation, the next installment will not go into these accounts if Aadhaar authentication is not done.

    So far, one lakh 752 people are registered for old age pension, in which Aadhaar authentication of 80 thousand 481 people has been done and their third installment has been sent, but authentication of 5000 is left. The pensioner who could not complete the process till now Yes, he can go to the office of Social Welfare Department and get Aadhaar authentication done.

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    ( With inputs from : kashmirpublication.in )

  • Flight Ticket Cancellation Refund Rules! Now full money will be

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    Flight Ticket Cancellation Refund Rules! Now full money will be returned in case of flight cancellation, booking will have to be done like this


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    Flight Ticket Cancellation Refund: If you are planning to travel by air, now you can get full money back even if the flight is cancelled. But for this you have to book flight tickets online through online payment service Paytm.

    Because this facility is available only for Paytm users. Therefore, with the help of Paytm, you can get full refund on cancellation of flight or bus tickets. In this plan of Paytm, you do not get any cancellation charge on any flight or bus ticket. That’s why this facility can prove to be very helpful for you.

    Please tell that the name of this plan of Paytm is Cancel Protect Premium. Which is different for booking tickets from flights to buses. Talking about the price of Cancel Protect Premium, customers can buy ‘Cancel Protect’ at a premium of Rs 149 for flight tickets and Rs 25 for bus tickets.

    Paytm Cancel Protect will work like this

    Paytm’s Cancel Protect premium plan enables customers to claim 100% refund for trips canceled through Paytm at least 24 hours before the scheduled departure time of flights and at least 4 hours before the scheduled departure time of buses will do The company claims that with ‘Cancel Protect’ there is no cap on the refund amount and on cancellation the fare will be credited immediately to the account from which the money was paid for booking the ticket.

    Customers will be helped in saving

    A Paytm official says that many customer-friendly product features have been introduced on the app by the company, which has simplified travel booking and catered to the needs of Indian travelers. ‘Cancel Protect’ is the perfect solution for customers looking for a flexible and convenient way to protect their travel plans. With the convenience of tickets, users are being given great deals and discounts on travel bookings, which will help customers save more.

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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 )

  • %%title%% %%sep%%

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    21ED1336 2044 4C1F AFE4 F82A5AA56528

    Doon International School Jobs Recruitment 2023 | Apply Now

    Recruiting Body:Doon International School
    No. of Posts:Various
    Job Location:Bhat Colony Singhpora Pattan Baramulla J&K
    Last Date:26-Feb-2023
    Salary:Negotiable
    Employment Type:Full-Time
    Application Mode:Offline
    Category:Private Job
    Selection Process:Interview
    Official Website:www.doonbaramulla.com

    Vacancy Details:

    NAME OF POSTNO. OF POSTSQUALIFICATION
    VICE PRINCIPAL (FEMALE)01■ Master’s degree in any discipline with B.Ed/ M.Ed Significant teaching experience up to secondary level.
    ■ Prior administrative leadership experience.
    ■ Ability to work collaboratively with administrators and teaching staff, Proven excellence in leadership, organizational, administrative and communication skills.
    ■ A keen interest in working with students in a holistic way to develop their full potential.

     

    How to Apply?

    All eligible and interested candidates can send their CVs/Resumes to: info@doonbaramulla.com.
    Doon International School
    Bhat Colony Singhpora Pattan Baramulla J&K
    Contact: 18008898983 & 9149689145

    21ED1336 2044 4C1F AFE4 F82A5AA56528

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    ( With inputs from : kashmirpublication.in )