Rs 2.5 Crore PMJJBY Fraud Busted in Madhya Pradesh, Fake Death Certificates Used for Insurance Claims

A big fraud worth crores of rupees has been uncovered under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) in Madhya Pradesh. According to officials, an organised criminal gang allegedly used fake death certificates to claim insurance money in several districts of the state – Gwalior, Morena, Ratlam.

First then opened Bank accounts, then applied for PMJJBY insurance. After some time, the fraudsters visited banks and informed them about the death of the account holder and applied for insurance claim.

The insurance claim was processed and credited to the bank account of nominees. Here, the fraudsters played the trick. While opening the bank account of individuals, they added their names as nominees.

Once the claims were processed, the money was credited to the accounts of the fraudsters. In this way, the PMJJBY scheme was misused on a large scale. The scheme provides insurance coverage of ₹2 lakh per individual. Therefore, if fraud was committed in 10 accounts, the fraudsters could easily earn ₹20 lakh. However, the fraud was carried out on a much larger scale involving around 250 accounts.

Now is the time to say Bid Adiue to my vibrant and marvelous Team Ultadanga

Now is the time to say Bid Adiue to my vibrant and marvelous Team Ultadanga. I think this is my best team whome I spent last three years.Tanmoy, Priyanka, Trijita, Swatilekha, Santu, Parimalda and Balai da everyone is excellent  from their own corner. I never forget all of you for your behaviour and great supoort. As on day Ultadanga branch is pioneer for customer service it is only all of your good support and service.I also conveyed my sincere thanks to Subhojit and Barin da for  their good support last three years.

Having lots of good memories with the team and my dear & respected customers last three years. Long Journey at the ultadanga ends here. Definitely I shall miss you all and pray Almighty to meet you again. I convey my sincere thanks from

the core of my heart to each and every near and dear one who made my journey more remarkable and smoothly. Also convey my respect with folded hands to my senior authorities to choose me for new assignment at VIP Road Branch.

25th and 26th May Bank Strike

All India Bank Employees' Association extends its solidarity and fraternal support for the two-day strike at State Bank of India called by the All India State Bank of India Staff Federation

#AIBEA 

#AISBISF

#SBI

 

DA CHART FOR BANKER FROM MAY 2026

DA FOR BANKER INCREASE FROM MAY 2026 is .70%

Bankers DA Calculator - May'26 to Jul'26

On 30.04.26 Govt declared CPI for the month of Mar'26 as 149.10 with an increase of 0.60 points from the previous month i.e. Feb'26. . Bankers DA calculator is updated hereunder on the basis of CPI for the month of Jan'26 to Mar'26. Earlier the Govt vide their notification dated 22.10.20 (click to view the letter) has changed the Consumer Price base year from 2001=100 to 2016=100 for Industrial Workers.

Calculate your DA on the basis of CPI data announced by the Govt for the months of Jan'26 to Mar'26. DA payable for the period May'26 to Jul'26 is 25.70% as per 12^th BPS

DA from 01 May for Banker increased by 0.70%

DA from 01 May for working Bank employees increased by 0.70% based on CPI (IW) released now. New DA 25.70%

Details chart will be uploaded soon

Follow  my blog

Profit per employee -- Indian Banks Fzy 25