EXPECTED DA FOR BANKER FROM NOV 21 TO JANUARY 22 Minimum 41 slab Maximum 46 slab

Expected DA Calculation Updated on 30.09.2021 on the basis of CPI for the month July 21 and of Aug '21 that announced on 31.08.21 there is an increase of JUST of 0.20 points as per revised base year 2016 (base year changed from Oct 2020) (against expectation of at least 0.80 points) with assumptions of CPI for the next month i.e. of Sep 2021 as under:-

1. On assumptions if there is an increase of 0.80 of CPI in the next month. Keeping in view on going regular tise in prices of commonly required daily needs items / commodities which is making month over month difficult to manage family budget in the present covid crises. Accordingly, on this conservative assumption we may expect there would be an increase of 46 slabs and the total tentatively revised DA slabs would be 437 i.e. 30.59% from Nov'21 in terms of 11th BPS.
2. On assumptions if there is an increase of 0.60 of CPI in the next month. On the basis of this assumption, we may expect there would be an increase of 43 slabs and the total tentatively revised DA slabs would be 436 i.e. 30.52% from Nov'21 in terms of 11th BPS.
3. On assumptions if there is an increase of 0.50 of CPI in the next month. On the basis of this assumption, we may expect there would be an increase of 41 slabs and the total tentatively revised DA slabs would be 435 i.e. 30.45% from Nov'21 in terms of 11th BPS

How to kill a LION (Banking Style)

How to kill a LION (Banking Style)

1. *ICICI bank method*: 

Hire a lion, give him full rest, pay him more than his expectations, never ask for anything in the first 2 months. After 2 months tell him that u have to achieve ur yearly target in 9 months, lion dies of fear that if he does not achieve this he will lose the jungle.

2. *HDFC Bank method*: 

Hire a lion, give him a hell lot of work, pay him fat salary more than the industry. Restructure his job as per ur fancies every 6 months. If he kills 2 goats a day, next day give him a target of killing 20 elephants a day while knowing that there are only 10 elephants available. Lion dies of exhaustion and overkill.

3. *AXIS bank method*: 

Hire a lion and give him a post of a cat, than force the lion to meow like a cat. Give him lots of ESOPs and grass to eat.Lion will eventually die of hope and starvation.

4. *HSBC Bank method*: 

Hire a lion and set a cut off time, give the lion spoon instead of knife and ask him to GB extract 60kg meat out of 40kg goat or else the lion will be forced to become a dog. Lion dies out of frustration and strain

5. *Standard Chartered Bank method*: 

Hire a lion and give him a 3000 page circular on how to kill a goat. Amend the circular at least 3 times a week. Send the lion in the jungle to inspect how he can cancel the licence of fox, wolf or jackal who have violated the 3000 page circular. Lion dies of stagnation and boredom.

6. *Kotak Mahindra Bank Method*: 

Hire a lion and give him 60kg of meat to eat everyday when he can eat only 30kg. Lion dies of overeating.

7. *CITI BANK Method*: 

Recruit a lion, ask him to kill an elephant without any cut or blood from the body. Lion is forced to learn from ducks, rabbits and pigeons on how to kill dinosaurs. Lion is provided with 2 wolves to help in killing but with a condition that the wolves will not move or attack. Lion dies of confusion and paradoxes.

8. *Indusind Bank method*: 

Indusind is out of race as they are still thinking as to what is a lion?

9. *SBI method*:

Hire a lion and show him the forest from far. Keep moving the forest full of opportunities so he keeps running. He never gives up coz there are many like him running. Finally he retires half way or dies in stampede.

10. *Nationalised Bank style* :

Hire a Lion, give him lowest possible salary and allowances. Start Three -Four campaigns at a single time. Give him unachievable targets. Dont give any subordinates. Change softwares suddenly. Take meetings and threaten him of transfer at remote branch. Lion dies cursing his bad luck !

..........

Which bank do you work for

???

Section 138 NI Act - If Signature On Cheque Is Admitted, Presumption Under Section 139 Will Be Raised : Supreme Court

 The Supreme Court has observed that if the signature on the cheque is admitted, then presumption under Section 139 of the Negotiable Instruments Act that the cheque was issued in discharge of a legally enforceable debt will be raised. Upon such presumption being raised, it is incumbent upon the accused to rebut the same. "..it is clear that signature on the cheque having been admitted, a presumption shall be raised under Section 139that the cheque was issued in discharge of debt or liability", a bench comprising Chief Justice of India NV Ramana, Justices Surya Kant and AS Bopanna

The bench was considering the case Thriyambak S Hegde v. Sripad, which was an appeal against a judgment of the Karnataka High Court setting aside the the conviction ordered by the Magistrate for the offence under Section 138 of the Negotiable Instruments Act. The bench referred to the precedent in  in Basalingappa vs. Mudibasappa (2019), where the principles on Sections 118 (a) and 139 of the NI Act were summarized in the following manner

Once the execution of cheque is admitted Section 139 of the Act mandates a presumption that the cheque was for the discharge of any debt or other liability

The presumption under Section 139 is a rebuttable presumption and the onus is on the accused to raise the probable defence. The standard of proof for rebutting the presumption is that of preponderance of probabilities. 

To rebut the presumption, it is open for the accused to rely on evidence led by him or the accused can also rely on the materials submitted by the complainant in order to raise a probable defence. Inference of probabilities can be drawn not only from the materials brought on record by the parties but also by reference to the circumstances upon which they reference to the circumstances upon which they rely.

That it is not necessary for the accused to come in the witness box in support of his defence, Section 139 imposed an evidentiary burden and not a persuasive burden. It is not necessary for the accused to come in the witness box to support his defence.

Applying the principles to the facts of the case, the Court set aside the High Court's acquittal and restored the conviction. Facts: In the present matter, the case of the appellant is that the respondent who was known to him for the past few years approached him and informed that due to his financial difficulty he intends to sell the house situate in Sirsi town. The appellant agreed to purchase the same for the negotiated total sale consideration of four lakhs.

An agreement dated 6th June 1996 was executed by the respondent while receiving the advance amount of Rs.3,50,000/, however the appellant learnt later that the house stood in the name of the father of the respondent and he did not have the authority to sell it. 

The appellant then demanded the return the return of Rs. 3,50,000/­ which he had paid as advance amount, and the respondent instead of paying the entire amount, issued a cheque of part amount of Rs. 1,50,000. When the appellant presented the cheque for realisation on it came to be dishonoured with the endorsement 'insufficient funds'

This was followed by the appellant getting a notice issued informing the respondent about the cheque being dishonoured and demanding payment of the cheque amount, to which the respondent failed to respond. 

The appellant then filed a complaint under Section 200 of CrPC on 14th July 1998 before the Judicial Magistrate, First Class at Sirsi seeking prosecution of the respondent under Section 138 of the Negotiable Instrument act 1881

 

Branch manager and loan officer please follow below irregularities to avoid accountability

Following are the  common irregularities found in Inspection reports, tabulars and charge sheets. All incumbents and officers handling loan seats are requested to follow bank’s guidelines in such cases  to avoid accountability : 

 Stock statements  not matched with the stock audit report issued by the Stock Auditor.

 Age wise list of list of debtors not obtained with stock statement.

 Stock shown in Stock statement for the month of March  is differs from stock shown in balance sheet

 GST returns have not been kept on record along with stock statement.

 Diversion of funds : Funds transferred to sister concerns as the Neft/RTGS passed by routine     officer

 Stock is not insured for the value as per stock statement submitted. Banks name as financier not mentioned on Insurance policy

 Penal interest not levied in the accounts as per Bank’sguidelines.

 Unit visit report and visit report of place of residence not held on record.

 Timely CGTSME  cover not obtained as per banks guidelines.

 CIC reports not monitored properly

 PMS is not utilized for monitoring as multiple areas of weakness,

 Board Resolution, Due Diligence report, ROC search report, External rating are not held in case of eligible borrowers.

 Restructuring of loans not done as per banks guidelines.

 Reversal of expired Bank Guarantees not done as per banks guidelines.

 Timely renewal of credit facilities not done, as per Bank’s guidelines.

Regards

India needs 4 or 5 more banks like State Bank of India (SBI): Finance Minister Nirmala Sitharaman

 Finance Minister Nirmala Sitharaman said that we need to scale up banking to meet changing requirements in light of the shifting recent realities of the economy and industry. “India needs four or five more banks like the State Bank of India (SBI)," said Nirmala Sitharaman. 

She was delivering the keynote address at the 74th Annual General Meeting (AGM) of the Indian Banks' Association (IBA) in Mumbai today (September 26). She began her address by paying homage to all in the banking industry who lost their lives serving the nation through the COVID-19 pandemic.

India needs four or five more SBIs, we need to scale up banking to meet changing requirements in light of shifting recent realities of economy and industry I want you to think how Indian banking has to be in the immediate and long-term future

Bank officers' union extends support to 'Bharat Bandh' call by farmers on September 27

 The All India Bank Officers' Confederation (AlBOC) on Wednesday extended its support to the 'Bharat Bandh' called by Samyukta Kisan Morcha on September 27. AIBOC requested the government to re-open dialogue with the Samyukta Kisan Morcha on their demands and rescind the three contentious farm laws.

AIBOC affiliates and state units will join in solidarity with the protest actions of the farmers all over the country on Monday, the union said in a statement. Citing the NSS Land and Livestock holdings of Households and Situation Assessment of Agricultural Households, 2018-19 report released earlier this month, the union said it indicates that the government's target of doubling farmers' income by 2022 seems a distant dream.

Ashish Kumar BM Chapki branch Mirzapur lost his life. Is there anyone who care of #MurderOfBankers ??

Very sad news 🙏🙏😭

Ashish Kumar BM Chapki branch Mirzapur zone met with an accident during field visit today (Holiday) and lost his life.

Our colleague lost his life, his mother lost her son .... But was it so necessary to call him on a holiday?

Who will be held responsible for it. ZO, definately not because they have not given any such order in black and white. Working on holidays or late sitting is sole responsibility of staff and in case any such accident happens in which one lost his life or becomes disabled only he and his family will only sufer.

Will AGM take responsibility of this unrepairable loss to the family of departed soul who laid his life in line of irresponsible orders given by him. I am damn confident that management is not going to declare that the poor fellow sacrifice his life for the bank duty being holiday today and his family will hardly get any thing for his commitment towards his duty.

I pray the ALMIGHTY to give strength to the bereaved family to bear this unrepairable loss. Om shanti

आशीष कुमार, शाखा प्रबंधक, इंडियन बैंक छपकी शाखा (मिर्ज़ापुर अंचल) की आज सुबह एक सड़क दुर्घटना में दर्दनाक मृत्यु हो गई. 

आशीष कुमार बैंक के काम से आज छुट्टी वाले दिन भी शाखा में काम करने जा रहे थे क्योंकि उच्चाधिकारियों की तरफ से शाखा को खोलने के निर्देश जारी किए गए थे.

हमारे एक साथी ने जब उस उच्चाधिकारी से बात की तो वो साफ मुकर गए कि मैंने ऐसा कोई आदेश नहीं जारी किया था. जबकि सोशल मीडिया पर उनके द्वारा जारी किया गया आदेश धड़ल्ले से वायरल हो रहा है.

हफ्ते के 5/6 दिन 9-10 घण्टे काम करने के बाद आपका शरीर थक कर चूर हो जाता है. कितने ही सारे अधिकारी एवं अन्य स्टाफ सदस्य 2-4 घण्टे का सफर अलग से करते हैं ताकि अपनी शाखा समय से पहुंच सकें. शाखा में 300-400 लोगों की भीड़ को रोज़ झेलते हैं ताकि उन्हें सही बैंकिंग सुविधा मुहैया करवाई जा सके. 

लेकिन ED एवं MD CEO बनने का ख्वाब लिए आपके कन्ट्रोलिंग ऑफिस में अपने एयर कंडिशन्ड केबिन में बैठे किसी उच्चाधिकारी को ऊपर अपनी इमेज चमकानी है. तो वो साधी हुई इंग्लिश में एक व्हाट्सएप मैसेज लिखता है जिसमें 'mother Institution is in trouble' जैसे emotionally connect करती हुई lines होती हैं और आपको कहा जाता है कि आप छुट्टी वाले दिन भी शाखा आएँ और काम करें. 

और आप लोग जाते भी हैं. कुछ मजबूरी में, कुछ उच्चाधिकारियों के टारगेट में आने से बचने के लिए, कुछ उन्हीं उच्चाधिकारियों की नज़रों में चमकने के लिए, कुछ 2500 रुपये एक दिन की दिहाड़ी चित्त करने के लिए, और कुछ सिर्फ इसलिए क्योंकि घर परिवार से उनका मोह खत्म हो चुका है.

वजह चाहे जो भी हो, लेकिन आज एक निर्दोष बैंकर ऐसे ही तानाशाही आदेश की वजह से काल के मुँह में समा गया. अपने परिवार का इकलौता सहारा था वो.

चूंकि दुर्घटना की तस्वीर बड़ी ही वीभत्स है इसलिए आपको दिखा भी नहीं सकते यहाँ. लेकिन एक धुँधली तस्वीर और उस आदेश का स्क्रीनशॉट फिर भी यहाँ दिखा रहे हैं.

एक बात कान खोल कर सुन लें या समझ लें. FGM ZM का सगा नहीं है, ZM DZM का सगा नहीं है, DZM CM का सगा नहीं है. हर कोई एक दूसरे के सामने अपनी इमेज चमकाने में लगा हुआ है. लेकिन अगर कोई तुम्हारा अपना सगा है तो वो है तुम्हारा अपना परिवार. आशीष कुमार का परिवार आज अनाथ हो गया 😞

आज शाम 7 बजे ट्विटर पर ट्रेंड रखा है. हैशटैग है #MurderOfBankers. वैसे तुममें से ज़्यादातर लोग आईपीएल देखोगे पर जिनका ज़मीर ज़िंदा है, जो कल को आशीष कुमार की तरह सड़क पर कुचले पाए जाना नहीं चाहते, वो इस मुहिम का हिस्सा बनो. 

बाकी जिन्होंने शर्म बेच खाई हो, आत्मसम्मान को किनारे रख दिया हो, उनको उच्चाधिकारियों के आदेश पर मुजरा करने के लिए 2500 हज़ार का नकद इनाम मुबारक हो 

N DEPARTMENTAL INQUIRY OF THE BANK ,DISCIPLINARY AUTHORITY ACT AS A GOD OF DEATH FOR CSO , HE HAS GOT EXTRAORDINARY POWERS

DE—PUNISHMENT -- (FIRST PART )

IN DEPARTMENTAL INQUIRY OF THE BANK ,DISCIPLINARY AUTHORITY ACT AS A GOD OF DEATH FOR CSO , HE HAS GOT EXTRAORDINARY POWERS HE/SHE IS THE ONLY AUTHORITY WHO DECIDES QUANTUM OF PUNISHMENT .

(Abbrv—IO/EO, inquiry officer ,CSO –charge sheeted officer ,DA-disciplinary authority ,CVC –central vigilance )

On violation of CONDUCT RULES of the bank an inquiry is proposed & on the proved charges PENALTY is decided by DA , it is observed that in majority of cases the quantum of punishment has no similarity thus in fact by virtue of position he has got discretion & in reality the principle of NATURAL JUSTICE is only a word & nothing more , in rare cases A BANK honors principle of natural justice

Examples---- cases are genuine but names are not flashed -----

1) In a RRB two officers were found serving with fake caste certificate ,dist-collector reported both certificates are fake & asked for FIR & bank took two decisions , ONE was dismissed immediately & SECOND was given an opportunity of defence through DE ,in fact SECOND had a cordial relation with a DENA BANK ,GM ,

2) A PSU chief manager is punished with 4 stages down for the charges that you didn’t deduct your loan installments from your salary for more than 23 months & deducted only through OD a/cs ,

Like wise case an RRB men in karntaka was dismissed only for 2000Rs OD in his own SB a/c

3) A PSU senior manager is punished with two increment down by charging that you didn’t send letter of thanks to newly opened SB a/c holder .

4) In CG ,ONE RRB & SOME PSU BANKS were charged of financing forge loan of KCC , amazingly PSU BANK MNGT filed FIR against farmers with no action against their officers BUT in RRB action were taken against the officers of RRB with FIR against them ,some are sent jail too

There are numerous such cases so question arises what is the logic behind serious action & imposing penalties ?

We can find answer as what made DA so powerful ------

A) Lalit Popli vs. Canara Bank And Others Supreme Court Of India ,the power of judicial review in departmental enquiry including the quantum of punishment is extremely limited and the Court does not sit as an appellate court. He has relied upon the judgments of the Supreme Court in the cases of Union of India v. B.C Chaturvedi ((1995) 6 SCC 749), Lalit Popli v. Canara Bank ((2003) 3 SCC 583), Sate of Uttar Pradesh v. Manmohan Nath Sinha ((2009) 8 SCC 310), Nirmala J. Jhala v. State of Gujrat ((2013) 4 SCC 301), Lucknow Kshetriya Gramin Bank v. Rajendra Singh ((2013) 12 SCC 372), State of Meghalaya v. Mecken Singh N. Marak ((2008) 7 SCC 580),

One significant aspect of PSU/RRB Rules is that there is no statutory prescription of penalties vis-à-vis the misconduct. For example the IPC provides the maximum penalty that may be levied against each crime. Prevention of Corruption Act prescribes the minimum and maximum penalty against each crime dealt with therein. Against this background, the PSU/RRB Rules are conspicuously silent about the quantum of penalty

C) Difference of opinion a faulty & partial provision----

EO OR IO report must be final one ,if DA is the only authority to come on conclusion then why drama of inquiry should be staged ?

Enquiry officer s finding not binding on disciplinary authority: The findings of fact recorded by an enquiry officer to whom the enquiry is entrusted are not binding on the disciplinary authority which may take a different view on the evidence and come to its own conclusion on all or any of the charges framed against the servant. It can never be suggested that the findings recorded by the enquiry officer conclude the matter. Therefore, even where the enquiry officer has found the CSO concerned not guilty, it is competent for the disciplinary authority to disagree with the findings and find the officer guilty.

That’s why I say bank DA has got discretion in awarding quantum of punishment to any extent .

Note ---I had drafted an article on PUNISHMENT process in DE & questioned the wisdom of various authorities in view of principle of natural justice ,it is written in 6 pages so right now serving you the first part & will continue up to 6 days & in the last it will be available in PDF form too

(JUGAL KISHORE SHUKLA )

A RETIRED BANKER

MBL-8827424443

What do you need to know about the HIRA Act for housing loan sanction

What do you need to know about the HIRA Act

What is HIRA?

The West Bengal government has adopted its own real estate regulation Act, known as the West Bengal Housing Industry Regulatory Act (HIRA).

The Act was passed in the State Assembly in October 2017. The Act has been introduced for regulating real-estate and housing sector and to bring transparency to sell, buy, etc. in the real estate sector and to protect buyer interest.

The Act aims to benefit the real estate market in West Bengal in the following ways:

1. To provide proper guidelines in order to regulate and to promote the housing sector or the real estate sector in West Bengal.
2. To ensure sale of plot or apartment or building or sale of real estate project, in an efficient and transparent manner.
3. To protect the interest of consumers in the real estate sector.
4. To establish a mechanism which can quickly solve various disputes related to real estate.
5. To form proper rules and regulations in order to ensure compliance, to conduct investigations and to impose penalties against any kind of violations related to real estate.
6. To create a website containing relevant information related to real estate projects including records of registered real estate projects as well as the list of defaulters.

The government of West Bengal finally notified the HIRA Act on June 1, 2018. As a consequence, the Housing Industry Regulatory Authority (HIRA) was established under section 20 of West Bengal Housing Industry Regulatory Act, 2017.

Under the HIRA Act, all housing projects above 500 square meters or eight apartments need to be registered with the Regulatory Authority. For ongoing projects, for which the completion certificate has not been issued, the promoter shall make an application to HIRA. Registration of Real Estate Project with the Housing Industry Regulatory Authority is compulsory under section 3 of the West Bengal Housing Industry Act, 2017.

With the strict implementation of HIRA, government aims to bring in more transparency in various real estate projects and developments. For example, promoters will have to be very clear and mention the carpet area of apartments instead of quoting the super built area only. A grievance system will also be in place for buyers to express their dissatisfaction. Real estate developers will also not be able to carry out illegal transfer of money from one project to another project.

The Indian Parliament passed the Real Estate (Regulation and Development) Act, 2016 (RERA) to protect the interests of home buyers and also boost investments in the real estate sector.  The Act was passed in March 2016, and all its provisions came into effect from May 1, 2017.

Under the RERA Act, every state and Union Territory must establish its own Regulatory Authority. Real estate developers will not be able to market their ongoing or upcoming projects, till they register with either the permanent or interim regulator in states.

West Bengal is the only state to have come up with its own real estate regulation Act.

With these regulations coming in place, the real estate sector is experiencing a paradigm shift. The market has become buyer-friendly. The Act has made real estate transactions much more transparent than before.

As of September 2018, a total number of 30 developers were registered with Housing Industry Regulatory Authority (HIRA). Projects that are registered are supposed to publish a building plan, along with facilities and amenities on offer, and the names and details about architects among others on the website. By making this information public, buyers can make informed choices.

For people who are looking at apartments to buy, choose a project that is registered with HIRA. Potential buyers can check the details on official HIRA website, and ensure that all the requirements and legal procedures are met.

RTD bank manager loses 5.8 lakh to cyber fraud

How to apply for west bengal student credit card scheme

Under the visionary leadership of Mamata Banerjee, Hon’ble Chief Minister, West Bengal, The Higher Education Department, Government of West Bengal has introduced the Student Credit Card Scheme for the students of West Bengal to enable them to pursue education without having any financial constraints. This scheme is designed to support the students to pursue secondary, higher secondary, madrasah, undergraduate and post graduate studies including professional degree and other equivalent courses in any School, Madrasah, College, University and other affiliated institutes within and outside India. Students studying in various coaching institutions for appearing in different competitive examinations like Engineering, Medical, Law, IAS, IPS, WBCS etc, can also avail the loan under this scheme. A student from West Bengal can obtain a maximum loan of Rs. 10 lakhs @ 4% per annum simple interest from the State Cooperative Bank and its affiliated Central Cooperative Banks and District Central Cooperative Banks and Public/ Private Sector Banks. 1% interest concession will be provided to borrower if the interest is fully serviced during the study period. The upper age limit for the interested students has been kept as 40(forty) years at the time of applying for loan. The repayment period shall be fifteen (15) years for any loan availed under this Credit Card including the Moratorium/ repayment holiday. For details kindly go through the Scheme given in this porta

ELIGIBLITY TO AVAIL WEST BENGAL STUDENT CREDIT CARD SCHEME?

All those students who have been living in West Bengal for the last 10 years can take benefit from this scheme – WEST BENGAL STUDENT CREDIT CARD SCHEME. Under this scheme, loans can be availed for undergraduate, postgraduate, doctoral, and postdoctoral studies in India or abroad.

Under this Scheme the aspiring students may upon fulfilling the terms and conditions detailed herein, obtain maximum loan of Rs. 10.00 lakhs at the rate of 4% simple interest from State Cooperative Banks and its affiliated Central Cooperative Banks and District Central Cooperative Banks and Public Sector/ Private Sector Banks operating in the State of West Bengal.

Some general conditions have been made to give the benefit of this scheme so that only needy students can take advantage of this scheme. Some important information related to the scheme is being told in the article below. We are giving this information to you on the basis of information available on the Internet. We are giving you information about the conditions that have come up so far in the form of WB Student Credit Card Scheme Eligibility.

1. The benefit of this scheme will be given only to the students of West Bengal.
2. The benefit of this scheme will be given only for studies. You cannot use this money for other work.
3. Education loans will be given only to students above class 10.
4. The time to repay the loan is 15 years after joining the job.
5. This loan can be used for institutional expenses and non-institutional expenses.
6. Students will have to pay a nominal simple interest of 4% for this loan.
7. With the provided WB Student Credit Card, students can take a loan of 10 lakhs.
8. The age of the student taking the loan should not be more than 40 years.
9. This loan can be extended to prepare for national-level competitive exams.
10. You will be given the option to extend the loan to prepare for exams like IITs, IIMs, NLUs, IAS, IPS, WBPS.

West Bengal Students Credit card required documents

• Aadhar card
• Residence certificate
• Mobile number
• Passport size photograph
• Age proof
• Ration card
• Income certificate
• Bank account details

WHAT ARE THE REQUIREMENTS TO APPLY FOR WEST BENGAL STUDENT CREDIT CARD SCHEME?  

The student seeking loan under the scheme should be an Indian national and resident of West Bengal for the last 10 years.

The interested students should not be aged more than 40 (forty) years at the time of applying for loan.

The student applied for the credit card will link preferably their AADHAR Card or the Class X registration number with the concerned portal while applying to the Higher Education Department through their respective Institution.

The Higher Education Department will forward the applications after due examination to the Bank for sanction and issuance of Credit Card.

The concerned Bank will sanction the applications after due examination and issue the credit card in physical form based on the recommendation given by the Department and upon complying necessary formalities by the student/ guardian/ parent as required under RBI guidelines.

There shall be a Nodal officer for maintaining the web-based portal at the Department, Institution and the Bank level who shall have permission to access the student’s dashboard availing loan under this scheme.

The student concerned needs to upload his progress report card/ statement on completion of each semester/year examinations.

IS THE LOAN FOR STUDY IN INDIA ONLY?

West Bengal Government has launched the West Bengal student credit card scheme on 30th June 2021. This scheme has been launched in order to provide loans to students for their education. The maximum limit of this loan is Rs 10 lakh. This loan can use for pursuing studies in India and abroad.

WHAT DOCUMENTS ARE REQUIRED FOR WEST BENGAL STUDENT CREDIT CARD SCHEME?

(a) Colour Photograph of the applicant

(b) Colour Photograph of the co-applicant / co-borrower

(c) Relevant page of the brochure / document detaining course fee /tuition fee

(e) Student’s AADHAR Card

(F) Student’s Class 10th Board registration certificate

(g) Guardian’s Address Proof

(h) Admission Receipt

(i) Student’s PAN Card / undertaking if there is no PAN Card

(j) Guardian’s PAN Card / undertaking if there is no PAN Card

(k) Signature of the student ; Co-borrower / Guardian’s signature

HOW TO DO ONLINE REGISTRATION FOR WEST BENGAL STUDENT CREDIT CARD SCHEME? HOW TO APPLY FOR THIS LOAN?

Visit www.wb.gov.in or https://banglaruchchashiksha.wb.gov.in

and click STUDENT CREDIT CARD tab or Log in to https://wbscc.wb.gov.in Click on REGISTRATION OF STUDENT form option, fill up the Registration of Student form and then Click on Register button to generate user id and password.

DETAILS OF WEST BENGAL STUDENT CREDIT CARD SCHEME

(a) Maximum amount of loan available under the Scheme is Rs. 10.00 lakhs at 4% simple rate of interest per annum, after interest subvention.

(b) For the entire amount of loan sanctioned up to Rs.10.00 Lakh, rate of interest to be charged at prevalent 3-year MCLR of State Bank of India Plus 1%. The Rate of Interest so fixed on the date of sanction will remain fixed and calculated at simple rate for the entire duration of the loan.

(c) A student can avail loan under this scheme at any time during the course of study.

(d) The bank concerned shall upload the details of the loan to the Department’s portal immediately after disbursement of the loan and such detail shall be updated by the Bank from time to time.

(e) The loan application should be submitted by the student and the parent/ legal guardian as co-borrower.

WHAT IS THE AIM OF STUDENT CREDIT CARD SCHEME?

The Student Credit Card Scheme outlined herein aims at providing financial support/assistance by the State Government at a nominal interest rate (with suitable guarantees to the bank) to the students residing in West Bengal for at least 10 years and pursuing education from class 10 onwards, or studying in various coaching institutes for appearing in different competitive examinations like Engineering/ Medical/ Law, IAS, IPS, WBCS, SSC etc., UPSC, PSC, SSC etc., and pursuing Undergraduate, Postgraduate courses including professional degree, Diploma courses and research at doctoral/ post-doctoral level or other similar courses in schools, Madrasahs, colleges, Universities and other institutes like IITs, IIMs, IIESTs ISIs, NLUs, AIIMSs, NITs, XLRI, BITS, SPA, NID, IISc, IIFTs, ICFAI Business School etc., within or outside the country, who are unable to pursue higher education due to financial constraints.

HOW CAN THE LOAN MONEY BE USED BY THE STUDENT?

Under this scheme the Credit Card may be used to avail loan to meet up the following expenses: –

(a) Course fees payable to the School/ Madrasah/ College/ University / Professional Institutes like IITs, IIMs, IIESTs, ISIs, NLUs, AIIMSs, NITs, XLRI, IISCs, BITS, SPA, NID, IIFTs, ICFAI Business School etc. various competitive coaching institutes meant for different competitive examinations like Engineering/Medical/Law, IAS, IPS, WBCS, SSC etc.

(b) Fees required for accommodation in School/ Madrasah/ College/ University/ Institution hostel or rent/license fees payable for living outside the hostel or fees required for living as a Paying Guest.

(c) Fees payable for caution deposit/ building fund / refundable deposit/ examination/ library/ laboratory fees to be supported by Institution’s bills/ receipts.

(d) Cost of purchasing of books/ Computer/ Lap-top/ Tablet/ equipment etc.

(e) Any other expense required to complete the course such as study tours, project works, thesis, etc.

(f) The student can incur expenditure up to 30% of the total loan sanctioned for non-institutional expenses for the whole course of study.

(g) Up to 20% of the total loan sanctioned can be used as living expenses for the duration of the course.

WHAT IS THE MODE OF LOAN DISBURSEMENT?

1. The amount of loan will be credited directly to the designated account of the Institution concerned in case of payment of course fees and other fees related to the Institution.
2. The amount of loan will be credited to the student’s Bank account for purchasing of Computer/ Laptop/ books/ stationeries/ living expenses etc.

WHAT IS THE REPAYMENT PROCESS?

(a) Repayment period shall be fifteen (15) years for any loan availed under this Credit Card including the Moratorium/ repayment holiday.

(b) The student or his parent/ legal guardian can repay the loan amount at any time before the stipulated period of repayment and in case of early repayment there shall be no penalty or processing cost charged by the Bank.

(c) 1% interest concession will be provided to the borrower if the interest is fully serviced during the study period.

(d) The student or the co-borrower, as the case may be, shall be liable to repay the loan on time as 1st charge.

(e) The loan will be made available at the rate of 4% p.a. simple interest rate per annum to the students. Appropriate subvention of interest rate will be provided by the State Government for all the borrowers during the entire period of the Loan to restrict the actual rate of simple interest to 4% per annum, at borrower level.

#WestBengalStudentCreditCardScheme #StudentCreditCardScheme

(SOURCE: SSC Scheme Gazette Notification)

How it works?

Register

Apply

Loan Sanctioned

How to Find the Hidden Files on Your Phone or Computer

 Your phones and computers hold more than you might realize. The files that you can view by default on Windows, macOS, Android, and iOS are by no means everything that's stored on those systems.

These hidden files are typically used by the operating system and the applications you're running to store data that you don't normally need access to—indeed, data that can interfere with the smooth running of your device if it's edited in the wrong way or deleted.

User settings and app configurations are often saved as hidden files, for example. Programs need these files to run, but users don't really need access to them. Hidden file caches are common as well, temporary stores of data to speed up software operations.

This guide comes with a warning then—you edit or delete hidden files from your devices at your own risk, and you really shouldn't have to do anything with these files anyway.

Viewing them can be useful, though, in terms of troubleshooting problems you might be having with your phone or laptop, or for trying to work out exactly where all your digital storage space has got to. Here's how to make these files visible.

Windows

Some Windows files are more hidden than others.

Screenshot: David Nield via Microsoft

You can view hidden files on Windows by opening up a File Explorer window, switching to the View tab on the ribbon bar, and checking the Hidden items box. Windows will remember your choice until you uncheck the box again, even if you close down File Explorer or reboot your computer.

Hidden files and folders appear with slightly faded out thumbnails in File Explorer, so they're easy to see at a glance, and they'll also show up in searches once you've made them visible. To make a file hidden, or to unhide a file, right-click on it and choose Properties and General: You'll see the Hidden check box at the bottom.

There is another category of hidden file on Windows: Even with the Hidden items box checked, Windows still keeps key operating system files out of sight so they can't be tampered with. To see these files, from the View tab in File Explorer click Options, open the View tab, and uncheck the Hide protected operating system files (Recommended) box in Advanced settings.

macOS

You can get to the hidden macOS Library folder from Finder.

Screenshot: David Nield via Apple

The easiest way to see hidden files on a computer running macOS is to use the Finder app. Open it up, then use the keyboard shortcut Cmd+Shift+. (that's the period key) to unhide files and folders (or to hide them again). The setting stays in place until you change it (across reboots and so on).

 hidden files and folders look a little grayed out compared with normal files and folders, making them easier to identify. To actually change the status of a file or folder, you need to open up the Terminal utility, input the command "chflags hidden" (to hide files) or "chflags nohidden" (to unhide files), then drag the relevant items on to the Terminal window from Finder.

macOS also has an entire hidden folder called the Library folder, where all kinds of user accounts settings and file caches are kept. To see this folder in particular, launch Finder, open the Go menu and pick Go to Folder, then enter "~/Library" as your destination.

Android

The default Android Files app can show hidden files.

Screenshot: David Nield via Google

If you're looking for files on Android, then the built-in Files app is the obvious place to go: It helpfully splits files up into categories (including downloads and images, for example), so you can find what you're after more easily.

You're not seeing everything by default, though. Tap the menu button (three horizontal lines, top left), then choose Settings: That will lead you to a Show hidden files toggle switch that you can turn on to see files and folders that aren't normally visible (typically files used by apps that you don't really need to know about).

Most third-party file managers for Android also have a hidden files setting available somewhere. In addition, you can go to Storage from the main Android Settings screen to see a breakdown of how much space each app is taking up, including any hidden files that are associated with them.

iOS

The iOS Files app won't show you hidden files.

Screenshot: David Nield via Apple

iOS is the odd one out in this list, because Apple's mobile operating system doesn't actually let you view hidden files. Hidden files stay hidden, out of reach of users, and remain solely for the use of the OS and the apps running on top of it.

 

•   
• 

  Gear

  Apple's iOS 15 Is Here—These Are All the Top New Features

  Julian Chokkattu and Brenda Stolyar

•  

Open up the Files app on iOS, choose On My iPhone, and you can see everything that's saved to the phone itself. The folders you see here will typically be divided up by app, and they hold files relating to user settings, downloads, saved files, and so on.

From the main iOS Settings page you can also choose General and iPhone Storage to see which types of files are taking up room on the device. If you scroll right down to System Data you're able to see how much space these hidden files are using up—but you can't actually view the files themselves.

---