One State One RRB News

One State One RRB News The “One State One RRB” project is changing how rural banks work in India. The government is working hard to finish this by March 2025. They are teaming up with different groups, including the Reserve Bank of India and the National Bank for Agriculture and Rural Development. This plan will … Read more

BANK WISE EXPECTED PLI FY 2023-24

BANK WISE EXPECTED PLI FY 2023-24
BANK WISE EXPECTED PLI FY 2023-24
SL BANK NAME PLI (EXPECTED)
1 Bank of Baroda 15 DAYS PLI
2 Bank of India 5 DAYS PLI
3 Bank of Maharashtra 15 DAYS PLI
4 Canara Bank 10 DAYS PLI
5 Central Bank of India 5 DAYS PLI
6 Indian Bank 10 DAYS PLI
7 Indian Overseas Bank 10 DAYS PLI
8 Punjab National Bank 10 DAYS PLI
9 Punjab & Sind Bank 5 DAYS PLI
10 State Bank of India 10 DAYS PLI
11 Union Bank of India 10 DAYS PLI
12 UCO Bank 5 DAYS PLI
* NOTE THESE ARE EXPECTED FIGURES ACTUAL FIGURES MAY VERY

 

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BANK WISE EXPECTED PLI CALCULATOR

Performance Linked Incentive (PLI) in Public Sector Banks is a bonus given based on how much profit the bank makes.

The bonus is given to all employees once a year, on top of their regular salary.

The amount of bonus each employee gets depends on the bank’s yearly performance. This is decided using a PLI chart. Employees receive a number of extra days’ pay (Basic salary plus Dearness Allowance) according to where the bank’s performance falls on this chart.

DA HIKE FOR CENTRAL GOVERNMENT EMPLOYEES FROM JULY 2024 (53.31%) EXPECTED

DA HIKE FOR CENTRAL GOVERNMENT EMPLOYEES FROM JULY 2024

Central government employees are looking forward to their second salary increase of the year. Earlier, their Dearness Allowance (DA) was increased by 4% to 50% in March, effective from January 2024. The government updates DA twice a year, once for January-June and again for July-December. The next salary increase is expected to be announced around … Read more

NEW PROPOSAL FOR IMMEDIATE SETUP OF 8TH PAY COMMISSION TO INCREASE BASIC PAY AND DA

8th pay commission

The Centre has received a proposal to immediately set up the Eighth Pay Commission. This commission aims to revise the basic pay, allowances, pension, and other benefits for central government employees and pensioners. Shiv Gopal Mishra, Secretary of the National Council (staff side, Joint Consultative Machinery for central government employees), wrote to the Cabinet Secretary … Read more

Special Mention Accounts

In the complex world of banking, where decisions are based on numbers, there’s a term called Special Mention Accounts (SMAs) that’s quite important but often overlooked by regular account holders.   Although it might seem like fancy banking language for experts, knowing about SMAs is really important for both people borrowing money and the banks … Read more

CASH DEPOSIT THROUGH UPI (APRIL 2024)

CASH DEPOSIT THROUGH UPI

In a recent meeting, the Reserve Bank of India (RBI) introduced new proposals aimed at improving the ease of cash deposit and facilitating digital payments through Unified Payments Interface (UPI). These initiatives, announced by RBI Governor Shaktikanta Das, seek to streamline banking operations and promote digital transactions.   FACILITATING CASH DEPOSITS THROUGH UPI   Traditionally, … Read more

ALUWIND ARCHITECTURAL LIMITED IPO (28.03.2024 TO 09.04.2024) PRICE,GMP

ALUWIND ARCHITECTURAL LIMITED IPO

Aluwind Architectural is offering 66 lakh new shares in its IPO, aiming to raise Rs 29.70 crores at a fixed price of ₹45 per share.   The IPO opens for subscription on March 28, 2024, and closes on April 4, 2024. Allotment is expected to be finalized by April 5, 2024, with listing on NSE … Read more

FIXED DEPOSIT CALCULATOR (2024)

Fixed Deposit Calculator (INR) Fixed Deposit Calculator (INR) Principal Amount: Annual Interest Rate (%): Years: Months: Days: Calculate var years = parseInt(document.getElementById(‘years’).value); var months = parseInt(document.getElementById(‘months’).value); var days = parseInt(document.getElementById(‘days’).value); var totalYears = years + (months / 12) + (days / 365); // Convert years, months, and days to years var quarterlyRate = interestRate / … Read more

RECURRING DEPOSIT CALCULATOR

Recurring Deposit Calculator (INR) Recurring Deposit Calculator (INR) Monthly Deposit Amount: Annual Interest Rate (%): Tenure (months): Calculate var monthlyRate = rate / 12; var futureValue = 0; for (var i = 0; i < tenure; i++) { futureValue = (futureValue + amount) * (1 + monthlyRate); } futureValue = futureValue.toFixed(2); document.getElementById(‘result’).innerHTML = ‘Maturity Amount: … Read more