when will Rs 15 lakh, as promised by Narendra Modi during 2014 General Elections, be deposited in my account.

The Prime Minister's Office has been directed by the CIC to respond to an RTI applicant who sought to know when will Rs 15 lakh, as promised by Narendra Modi during 2014 General Elections, be deposited in his account. 

The direction came in connection with the plea by one Kanhaiya Lal from Jhalawar district of Rajasthan who had filed an RTI application with the PMO seeking to know the status of his representation to Prime Minister Narendra Modi. 

Among other details mentioned in the representation sent to the PMO, Chief Information Commissioner Radha Krishna Mathur noted that Lal had also asked the top office that "at the time of election, it was announced that black money will be brought back to India and Rs 15 lakh will be deposited in the account of each poor, the complainant wants to know what happened to that." 

Citing the plea of Lal, Mathur noted, "the complainant wants an answer from the Hon'ble Prime Minister that it was announced during the election that corruption will be removed from the country but it has 'increased to 90 per cent' and wants to know when the new law will be made for the removal of corruption from the country." 

Lal also mentioned in his plea that the benefits of schemes announced by the government are only limited to the rich and capitalists and not for poor people and also wanted to know whether 40 per cent concessions in ticket given by the Congress Government to the senior citizens travelling in the rail are going to be withdrawn by the present government. 

Mathur said the response of CPIO of the PMO is not on record. 

The PMO official present during the hearing said they have not received the plea of Lal and hence they could not answer it. 

"The respondent is directed to send a reply to the complainant on his RTI application within 15 days of this order," Mathur said in his order. 

 

probable DA from NOV-2016 for Banker May be 40 slab

CPI for the Quarter

Apr 2016	6185.82
May 2016	6277.12
Jun 2016	6322.77

Average CPI for the Quarter Apr - Jun 2016 as above = 6261.90

Average CPI for the Last Quarter (Jan - Mar 2016) = 6117

Cpi for next quarter

July-2016   declared                                 6391.25

August 2016 probable                             6421.25

September 2016 probable                       6456.25

          Avergae of Three =                         6422.91

Average of last quarter(Apr to June)     6261.90

Difference  of two                            160.20 /4= 40 slab   

Now, today i.e. on 31.08.2016, CPI for the month July'16 announced as 6391.25 On assumptions that CPI slighltly vary   for the next two month i.e. Aug'16 & Sep'16, in that situation the expected (tentatively) increase in DA Slabs comes to 40 slabs for the month of Nov'16 - Jan'17, the expected DA payable in terms of percentage is as under :-

Calculate Expected DA payable:- The tentative percentage of increase in DA is 4% for the month of Nov'16 - Jan'17. The total tentatively revised DA slabs would be 495 on assumptions as above for this period and total percentage of DA payable would be 49.50%

On release of CPI data for the month of Aug'16 we will re-calculate the tentative number of DA slabs that may would become payable for the period Nov'16 - Jan'17.

Petrol price was today raised by Rs 3.38 per litre while diesel rate was increased by Rs 2.67 per litre. Revised rates will take effect from midnight. Which will effected in every commodities. So Da may be increases more than our projection.  Aug-16 data will be available on 29^th September after that we will more accurately projected DA data please wait one month more.

                                                

"Educated unemployed youth" will be greatest looser from present GOVT.

TOTAL  RECRUITMENT IN  PSB LAST 10 YRS IS 296284 +165445 =461729

With this recruitment  more than 4.5 lac + 2. lac ( in SBI gr) total 6.5 lac unemployed youth have entered in banking sector.

But from above figure  observed that  recruitment drastically decreases due to wrong policy of  Govt. After merging of SBI group  SBi will not recruit any staff for not less than 3 yrs.

if in near future other PSB will merger then what will be do our educated young   generation.With the word of NPA, ill health of bank weak management etc BJP govt want to stop recruitment in banking sector which demoralized our young brigade.So time has come not only bank employee    every young and their family  have to support bank staff struggle and movement. Our slogun  stop merger  expand banking service every corner of India and open the door for recruitment of our new generation..

11th BPS Charter Of Demand- your opinion needed

11^th  BPS  Charter Of Demand

Friends all of you know that our 1th BPS will be due on November 2017. The Finance minister has asked  the Bank Management  to present status report of salary hike. So as per my knowledge  it is golden time   to put up  charter of demand . Demand should be rational and at per  with central govt employee.

So we want  your opinion – suggestion – advice  regarding  charter of demand. After consolidation we will send it our higher leadership

Write down here or mail me  swapan.bhattacharya@gmail.com

*Unified Payments interface goes live

*Unified Payments Interface goes live:*

Unified Payments Interface (UPI), which will help move India towards a cashless economy, is all set to go live in next two to three working days with 21 banks. The UPI app will be available on the Google Play Store in next two to three working days for the customers to download and start using for 19 banks - Andhra Bank, Axis Bank, Bank of Maharashtra, Bhartiya Mahila Bank, Canara Bank, Catholic Syrian Bank, DCB Bank, Federal Bank, ICICI Bank, TJSB Sahakari Bank, Oriental Bank of Commerce, Karnataka Bank, UCO Bank, Union Bank of India, United Bank of India, Punjab National Bank, South Indian Bank, Vijaya Bank and YES Bank. IDBI Bank and RBL Bank will be issuers of UPI, which will enable customers to download any UPI enabled Apps mentioned above and link their account.

Unified Payments Interface (UPI) is developed by National Payments Corporation of India (NPCI), the umbrella organisation for all retail payments system in India. According to Bankbazaar' CEO Adhil Shetty, "In the long run, UPI may replace the current NEFT, RTGS, and IMPS systems as they exist today."

This is how new UPI will work for you. A unique UPI ID is created by using your phone number that is linked to your bank account. This ID is just like an ordinary email ID. For example if your mobile number is 123456789 and you have a bank account with the Punjab National Bank, your UPI id may be 123456789@PNB. To send money from any party, all the sender has to do is open the banking app installed in his or her phone, go to 'Send money' section, and facilitate transactions through UPI mode. In the recipient details, the sender needs to add id of the recipient (for example 123456789@PNB). The money gets transferred instantly to the bank account of the recipient once approved by the sender.

Here are 5 things to know about Unified Payments Interface and how it makes customers life easy vis-a-vis payments

1. Since it has been launched keeping cashless transaction, you no longer will have to wait for hourly batches of NEFT to send or get funds or seek Mobile Money Identifier (MMID) code for IMPS transactions anymore

2. As RBI Governor Raghuram Rajan has said during its soft-launch in APril this year, UPI will turn your smartphone into a payment bank. All you need is a smartphone and your banking app to send and receive funds instantly or to make a payment while any retail purchase

3. Presently, sending or receiving money is done through either NEFT, RTGS, or IMPS system, which needs mandatory information of the recipient like bank account details of the recipient, the IFSC code of the bank, bank account number, etc. With UPI, only mobile number of the recipient is required for an instant transfer any time or day of the week using just your Smartphone

4. Shopping becomes less cumbersome even if you are not carrying or credit or debit cards. It allows you send and receive money as well as make use of its integrated payment system to make merchant payments. Transfer of money from your bank account can happen to merchant's account instantly using UPI

5. UPI-based money transactions are available 24/7 including holidays. One can transfer money from India to any other country using UPI by just opening the banking app or UPI app. Once the app is downloaded you need to select the amount to be paid, add the unique id of your beneficiary, and select 'Send'. After a confirmation password on your phone and you approval, funds gets instantly transferred to the recipient’s bank account.

Charter of demands for 11th BPS.....

It is not official charter of demand.

5 Ways to Avoid Identity Fraud

Thanks to social media, people are sharing more information about themselves than ever before. But that openness also puts them at risk for identity theft. According to the Federal Trade Commission, identify theft remained the number one consumer complaint in 2014. And what’s more, the Identity Theft Resource Center reported that data breaches tracked reached a record high of 783 in 2014, an increase of 27.5% compared to a year ago.
Untangling the repercussions of identity theft can take more than a year and cause a lot of headaches. Identity theft isn’t going away any time soon, but that doesn’t mean you have to be a victim. There are steps you can take to reduce your risk, and it all starts with being discriminating about who you share your information with.

Limit Who Gets Your Personal Information

Keeping your Social Security number protected from the criminals is one of the best steps a person can take. According to the FTC, the most common way for thieves to steal an identity is through government documents and records. Protecting your Social Security number doesn’t require much. All it means is never giving it out over the phone, using it on unsecure websites or carrying your Social Security card on you. The last thing you want to do is lose your wallet or enable a hacker to get ahold of this information. Criminals are very savvy when it comes to deceiving people, so if someone sends you an email or calls you requesting your Social Security number, get their phone number or website address and check it out before providing any details.

Be Wary of Official Appearing Websites

Tax time is around the corner, which means the scammers will be out in force. According to the FTC tax returns are a very lucrative target for the bad guys, so people should be on the lookout for services that make it easy to file a tax return, particularly if it’s a mobile app. The site may be a fake one, designed to obtain your tax return information. With that they can file to get a refund, but using their name instead of yours. (See also: How To Safeguard Your Tax Returns From Identity Theft.)

Shred Your Documents

I
In this digital world, you may not think criminals are going to care about what’s in your garbage. But think again. People often throw out documents with important information such as Social Security numbers and account numbers and don’t think twice about it. But if that garbage falls into the wrong hands, your identity can easily be stolen. An easy way to prevent that from happening is to shred your documents
Keep Your Passwords Protected
These days, manually writing down your passwords, bank account numbers and other identifying information on paper seems arcane, but it’s actually a great way to protect your identity. Far too often people leave that information in a Word document on their hard drive. They don’t give it a second thought, practice bad web surfing behaviors and before they know it their computer has been infiltrated and those passwords stolen. If you are going to store passwords on your computer, make sure the information is encrypted and that you have up-to-date security software installed.
The type of passwords you have for your online accounts is very important to protecting your identity. It may be an inconvenience to create a unique, complex password for each account and change it on a regular basis, but it’s becoming increasingly necessary in today’s cyber world.

Stay on Top of Your Credit

An easy way to spot something amiss is to pay attention to your credit report. If someone opened up a credit card or applied for credit in your name, it will show up on the report. There are even services out there that will monitor your credit for you and alert you via email if something changes. You also want to keep an eye on your bills. If your credit account number was stolen, you may see unknown charges.

The Bottom Line

Identify theft is a problem that is only expected to get worse as criminals figure out new ways to steal personal information. While nothing will give you 100% protection, there are steps that you can employ to reduce your risk. Being stingy with sharing your Social Security number, protecting your identifying data both online and offline and staying on top of your credit can go a long way in making sure you don’t become another identity theft statistic. (See also: Identity Theft Checklist.)

If you bank online, you can be an easy target for hackers please read very effective

Online Banking Precautions and SafeguardsIf you bank online, you can be an easy target for hackers. To improve your odds of avoiding them, follow these guidelines.

1. Never do online banking in a public place.If you're using the internet at a library, for example, you shouldn't log in to your bank account there, whether you're on your own computer and accessing the library's wireless network or on a library computer. You really have no way of knowing how secure their network is or whether any of the library computers have been infected with keyloggers or other methods of stealing your banking information. Also, there's the risk that someone else could be watching you type your login information. In addition to libraries, you should also avoid online banking in coffee shops, airports, and anywhere else where network security is questionable.
   
2. Memorize your login information.
   If you have your login name and password written down anywhere, you're at risk for someone else stealing it. If someone breaks into your house and you have the information filed away, it might be stolen or copied. If you email your login information to yourself and the security of your email account is compromised, your information can be stolen that way. And you certainly should not carry this information with you in your wallet, because your wallet could be lost or stolen. If you're worried you'll forget this information, write down some hints to yourself that will help you remember it but that a third party won't be able to decipher. Also, keep in mind that it shouldn't be too difficult for you as the legitimate account holder to recover a forgotten password and/or username, so it's not the end of the world if you can't remember it later.
   
3. Use complex login data.
   Internet security professionals recommend using complex usernames and passwords that include some combination of symbols, numbers and upper- and lowercase letters. As well, you shouldn't use dictionary words or anything that would be easy to guess (so don't use your home address as your online banking password).
   
4. Make sure your home network is secure.
   The best place to log in to your bank account is from home - unless your home network is not secure. If you don't have a firewall plus spyware and antivirus protection that you update regularly, and if you don't practice safe browsing habits (such as not opening spam or those forwarded email attachments that circulate in email messages), your home network may not be secure and may be making it easy for hackers to steal your information.
   
5. Be careful with email.
   If you receive an email that appears to be from your bank and asks you for any personal information such as your account number, debit card number, PIN, login ID, or password, you can bet it's from someone who wants to steal from you. Banks do not send emails asking for personally identifying information. You should also not download attachments from emails that are supposedly from your bank, nor should you click on links in such emails. Even if you think you've received a routine email, such as one notifying you that your monthly statement is available, don't click on any links in the email. It only takes an extra few seconds to open a new browser tab or window and go directly and safely to the bank's website.

 

Govt wants unions to reconsider their strike plan on 2nd september 2016

The Centre on Friday called upon central trade unions to reconsider their decision to go ahead with their proposed nation-wide strike on September 2.

Labour Minister Bandaru Dattatreya has reached out to all the central unions and have asked them to reconsider their decision, a source said.

However, Rashtriya Swayamsevak Sangh affiliateBharatiya Mazdoor Sangh (BMS), which held two rounds of meetings this month with ministerial panel led by the Union Finance Minister Arun Jaitley, has not received any communication from the ministry, the source added.

As many as 10 central trade unions have decided to go ahead with their call for a 1-day pan-India strike on September 2, with no positive response from the government on their 12-point charter of demands.

The stir has been called to protest against certain labour law amendments and the government's indifference to union demands. The unions have said their decision to go on a country-wide strike still stands.

A senior union functionary said the letter by the labour minister is just a repetition of what he had said in the past, including during the meeting with the unions of July 18.

"There is nothing concrete in the so-called steps enumerated by the government to resolve our charter. We now are left with no other option, but to go on strike on September 2," he added.

BMS has so far not cleared its stand on whether it would join the Bharat Bandh.

On August 24, the union held the second round of meeting with the ministerial panel, after which it said it will take a decision after a formal communication from the government in this regard is received.

BMS had withdrawn from the strike call last year on September 2 following assurances by the government to work on the 9 out of the 12-point demands.

RTGS Vs NEFT: The Differences You Need To Know

RTGS (real time gross settlement) and NEFT (national electronic funds transfer) are electronic payment systems that allow individuals to transfer funds between banks. Both these systems are maintained by the Reserve Bank of India. It is applicable only for money transfer within the country.

Under RTGS, the funds transfer takes place on a real time basis, or in other words, at the time the request is received. It is the fastest possible interbank money transfer facility available through banking channels in India. The beneficiary bank has to credit the recipient's account within 30 minutes of receiving the funds transfer message.

On the other hand, NEFT operates on a deferred settlement basis. Fund transfer under NEFT is settled in batches as opposed to the real-time settlement process in RTGS. The batches are settled in hourly time slots. 

x

Do you need a bank account? Customers having savings or current account are eligible to avail NEFT/ RTGS service. Individuals who do not have a bank account can also deposit cash at the NEFT-enabled branches. However, such cash remittances will be restricted to a maximum of Rs 50,000 per transaction. 

Timings: The RTGS window is available from 8 am to 16.30 pm on weekdays and working Saturdays. In case of NEFT, currently there are twelve settlements from 8 am to 7 pm. However, the timings that the banks follow may vary depending on the customer timings of the bank branches.

Online RTGS can be done only within the mentioned cut off time. In case of online NEFT, if the transaction is beyond the cut-off time, the funds will be transferred to the beneficiary bank on the next working day.

Minimum Amount:  RTGS facility is meant for large value transactions. For retail customers, the minimum amount remitted through RTGS is Rs 2 lakh. There is no minimum amount for funds remitted via NEFT. 

When Electronic Transactions Fail: For RTGS transactions, if for any reason - such as when the account does not exist or is frozen - it is not possible to credit the funds to the beneficiary customer's account, the money is credited into the sender's account once the money is received back by the remitting bank. The funds are returned to the originating bank within one hour or before the end of the RTGS business day, whichever is earlier.

For NEFT transactions, destination banks are required to return the fund to the originating branch within two hours of completion of the batch in which the transaction was processed.

Charges: NEFT charges don't exceed Rs 25 (excluding service tax) per transaction while for RTGS it does not exceed Rs 55 (excluding service tax). The charges are typically lower for internet banking as compared to carrying out the transaction through bank branches. 

What to Note? In RTGS, since the transaction happens real-time and the fund settlement takes place in the books of the RBI, the payments are final and irrevocable. In case of NEFT too there is no facility for giving stop payment instruction if the transaction has been initiated by the bank.

very important for bank job

EVERYTHING BANKING NEWS FOR LATEST BANKING NEWS

The merger is likely to lead to the closure of 200 branches of SBT, said an SBI source.

State Bank of Travancore (SBT), one of the five associate banks of State Bank of India which is merging with the parent, has shunted out a senior official for reportedly questioning the fairness of the merger scheme.

SBT chief general manager, S Adikesavan, who was the negotiator, was transferred to SBI’s Hyderabad office by the management, leading to protests by SBT employees and Kerala Chief Minister Pinarayi Vijayan shooting off a letter to Prime MinisterNarendra Modi seeking his intervention.

SBT was virtually bulldozed into the merger plan without following the due process, claimed an official.

×

“I opposed the merger procedure as it was done without following the due formalities. There was no discussion or negotiation between SBT and SBI for the merger. It was virtually steamrolled … all the decisions were taken by the SBI and the proposal was just put across. As the chairman of the SBT’s audit committee, I cannot agree to this kind of merger,” said Sajan Peter, IAS (retd), independent director on the SBT board.

“The transfer of Adikesavan, who is a competent officer, is not an ordinary decision. Obviously it has to be for the involvement in the merger. I have noted objections to the way the merger is being conducted in the minutes,” Peter, who retired as additional chief secretary to the Kerala government, told The Indian Express.

Clause 9 of the Scheme of the Merger has clearly mentioned about the negotiations.

When contacted, the SBI management, including the chairman, did not respond to the queries of The Indian Express.

The boards of all associate banks, including SBT which is listed on the stock exchanges, were held in Mumbai on August 18. The merger proposal was just handed over to them without any discussion on the terms and conditions like swap ratio, bank sources claimed. The merger is likely to lead to the closure of 200 branches of SBT, said an SBI source.

Sources said Adikesavan told the audit committee there was no negotiation with SBI on the merger. Adikesavan wrote a note to the management on August 16 stating that due process should be followed and employees and customers should be taken into confidence.

“However, the SBI management was stage managing all the decisions on their own and asked SBT officials to put their signature. They have not taken into account the sentiments of people, customers and the Kerala government,” said State Bank of Travancore Employees Union general secretary KS Krishna.

In his letter to the Prime Minister the Kerala Chief Minister said the government should take suitable action as the decision to transfer Adikesavan to SBI’s Hyderabad office was an act of vengeance, that too before the merger could be completed.

“The stand of people in Kerala and the government is that there should not be a merger of SBT with SBI. Kerala Assembly also adopted this stand. As this is considered as a vengeful act, Prime Minister should intervene to ensure justice,” Vijayan said.

The Kerala Legislative Assembly had recently passed a resolution against the merger of SBT with SBI, stating it would adversely affect the state’s economic growth. The resolution, introduced by the Chief Minister, sought rescinding of the decision to amalgamate SBT with SBI by the Centre and the Reserve Bank of India.

While the lone Bharatiya Janata Party member in the House, O Rajagopal, opposed the resolution, saying it was with a political motive, Opposition UDF and the ruling LDF supported the resolution.

On August 18, the central board of State Bank of India had approved the schemes of acquisition of the State Bank of Bikaner & Jaipur (SBBJ), State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Patiala (SBP), State Bank of Hyderabad (SBH) and Bharatiya Mahila Bank Limited (BMBL).

As per the merger proposal, SBBJ shareholders will get 28 shares of SBI (Rs 1 each) for every 10 shares (Rs 10 each).

Similarly, SBM and SBT shareholders will get 22 shares of SBI for every 10 shares. In the case of Bharatiya Mahila Bank, 4,42,31,510 shares of SBI will be swapped for every 100 crore of Rs 10 each.

Last month, the Union Cabinet had cleared merger of all the five associate banks of SBI with the parent and acquisition of BMBL. As on March 31, 2016, SBT has deposits of over Rs 101,000 crore and advances of over Rs 67,000 crore. The bank has 1,177 branches and 14,892 employees.

Meanwhile, CPI(M) veteran VS Achuthanandan has demanded that the transfer should be reviewed and the CGM should be reinstated in Thiruvananthapuram. The merger process should be completed only through proper procedure and discussions with employees, he said.

21 banks have joined the new platform and more are expected soon.

National Payments Corporation of India (NPCI) today rolled out Unified Payments Interface (UPI), a mobile payment solution which, experts say, has the potential to revolutionise the payment system in the country. It is part of the Reserve Bank's initiative to promote a cashless society. Currently, customers of 21 banks can use the new payment solution. More banks are expected to join the UPI platform later.

Here Is A 10-Point Cheat-Sheet

1. UPI offers the facility to identify a bank customer with an email-like virtual address. Since bank account details are not given in this virtual address, the customer can freely share the UPI financial address with others. Users need to download the app and register before using it.
2. A customer, for example, can also decide to use a mobile number or a short name for the virtual address such as XYZ@icici or 123456789@axis 
3. UPI allows a customer to have multiple virtual addresses for multiple accounts in various banks.
4. For making payment, the transaction will be complete once the customer authenticates the transaction through a secure PIN.
5. The other benefits of this mobile payment mechanism include its round-the-clock availability and faster checkout.
6. One can use the UPI app instead of paying cash on delivery (COD) on receipt of product from online shopping websites, and can pay for miscellaneous expenses like utility bills, over the counter payments and school fees.
7. The Unified Payments Interface is an advanced version of the existing payment system IMPS, which offers instant 24X7 interbank electronic fund transfers across India through mobile, internet and ATMs.
8. National Payments Corporation of India said the UPI app will be available in next two to three working days for the customers to download and start using.
9. Andhra Bank, Axis Bank, Bank of Maharashtra, Canara Bank, DCB Bank, Federal Bank, ICICI Bank, Oriental Bank of Commerce, Karnataka Bank, UCO Bank, Union Bank of India, United Bank of India, Punjab National Bank are some of the banks that have joined the UPI platform. 
10. Infosys co-founder Nandan Nilekani has been an adviser to NPCI on the UPI project. Reserve Bank of India Governor Raghuram Rajan in April this year had soft-launched the new payment mechanism and  it has been on a pilot run since then.