Banks to work full day on Saturday

 

 

NEW DELHI: In view of three holidays this week, public sector banks have been directed to function full day on Saturday, April 7.

 

The Finance Ministry has asked all public sector banks to function full day this coming Saturday instead of working half-day, official sources said. Usually, banks are open for public dealings between 10 am and 1 pm on Saturdays.

 

Confirming the development, a senior official of Indian Bank said the Finance Ministry has issued a circular in this regard. Banks were closed for public dealing on Monday. They will remain closed on April 5 on account of Mahavir Jay anti and again on Good Friday day on April 6. In effect, banks are closed for public dealings for three days this week.

According to the official, lenders are taking adequate measures to ensure that cash withdrawals from ATMs are not hit during the holidays.

However, transaction through bank branches cannot take place in these two days, the official added.

There would not be much of activity on corporate side either as they are also likely to observe holidays, the official added.

Source : http://timesofindia.indiatimes.com/

IPO EXAMS 2011 RESULTS RELEASED

RESULTS OF IPO EXAMS 2011 WERE RELEASED BY DIRECTORATE TODAY

TO SEE THE RESULTS PLEASE CLICK THE LINK BELOW

FOR RESULTS PLEASE CLICK THE LINK

Confusion over Bank Holiday on 5th April (Mahavir Jayanti)

There is a confusion whether it is a Bank holiday or not on 5th April,12 on account of "Mahavir Jayanti". Some newspapers and websites declared that 5th and 6th April, Banks will be closed for  "Mahavir Jayanti" and "Good Friday" and this news created lot of confusion to Bank employees and customers.

5th April is NOT a nationwide Bank Holiday. Bank branches in Chhattisgarh, Delhi, Haryana, Jharkhand, Madhya Pradesh, Punjab, Rajasthan, Tamilnadu, Uttar Pradesh and Uttaranchal will remain closed as a holiday on account of "Mahavir Jayanti".

In the rest of the country, the bank will operate normally.

It may be mentioned that 6th April, Good Friday is a nationwide holiday.

Courtesy:http://paycommissionupdate.blogspot.in

Payment of Dearness Allowance to Central Government employees

No. 1(1)/2012-E-II (B)
Government of India
Ministry of Finance
Department of Expenditure
New Delhi, the 3rd April, 2012.

OFFICE MEMORANDUM

Subject:- Payment of Dearness Allowance to Central Government employees - Revised Rates effective from 1.1.2012.


   The undersigned is directed to refer to this Ministry’s Office Memorandum No. 1 (14)/2011-E-II(B) dated 3rd October,2011 on the subject mentioned above and to say that the President is pleased to decide that the Dearness Allowance payable to Central Government employees shall be enhanced from the existing rate of 58% to 65% with effect from 1st January, 2012.

Compassionate Appointment - Clarification on regulation of conditions & Admissibility of various Allowances

Payment of arrears to Post-2006 retirees on account of pension/ Family Pension/ Gratuity and Leave

Encashment.

No. Fin (Pen) A (3)-1/09 Part-I 

Government of Himachal Pradesh 

Finance (Pension) Department

Dated: 26th March, 2012. Shimla-171002

Office Memorandum

Subject: - Payment of arrears to Post-2006 retirees on account of pension/Family Pension/Gratuity and Leave Encashment.

   In continuation to this Department’s O.M. No. Fin(Pen)A(3)-1/09-Part - I dated 14th February, 2012 on the subject cited above, the undersigned is directed to say that the Governor, Himachal Pradesh, is pleased to order the payment of entire balance amount of arrears (25%) of each element of pension / family pension / gratuity and leave encashment during the month of April, 2012.

Patch file released for New interest rate revision W.E.F 01.04.2012

New interest rate updation patch file is released by SDC chennai except for RD & NSC. For RD, NSC rate of interest revision patch file will be released soon


Click here to download the patch file

SB ORDER NO 04/2012-ORDER ON INTEREST RATES

SB Order No.04/2012

No.113-01/2011-SB

Government of India

Ministry of Communications & IT

Department of Posts

Dak Bhawan, Sansad Marg,

New Delhi-110001.

Date: 30.03.2012

To

All Heads of Circles/Regions
Addl. Director General, APS, New Delhi.
Subject:- Revision in Interest Rates of Small Savings Schemes w.e.f 1st April 2012.
Sir / Madam,
The undersigned is directed to say that vide its OM No. 6-1/2011-NS-II (Pt.) dated 26.03.2012,

Ministry of Finance (DEA) has revised interest rates of Small Savings Schemes from 1st of April 2012.

Detail about old and revised rates is given below:-

INTEREST RATE TABLE
Name of Scheme	Period	Interest ratesfrom 1.12.2011	Interest rates from 1.4.2012
Savings Account	General	4.00%	4.00%
Time Deposit	1 Year	7.7%	8.20%
	2 Year	7.8%	8.30%
	3 Year	8.0%	8.40%
	5 Year	8.3%	8.50%
5 Years Recurring Deposit	5 years	8.0%	8.40%
Monthly Income Account	5 Years	8.2%	8.50%
Sr. Citizen Savings Scheme Account	5 Years	9%	9.30%
Public Provident Fund Scheme Account	15 Years	8.6%	8.80%
National Savings Certificates (VIIIth) issue	5 Years	8.4%	8.60%
National Savings Certificate (IX-Issue)	10 Years	8.7%	8.90%

2.            This is for information of the field staff as well as general public andNotifications will be

circulated as an received from MOF(DEA).

 3.           This issues with the approval of DDG(FS)

Yours faithfully,

(Kawal Jit Singh)

Assistant Director (SB)

Copy to:-

1.                   DDG(FS)/DDG(VIG)/JS&FA/DDG(PAF)/DDG(RB)/DDG (Estt.)/DDG(PG & Inspections)/DDG (PCO)
2.            Director (FS)/Director (CBS), Dak Bhawan.

2.                  Director of Audit (P&T), Delhi.

4.            Resident Audit Officer, Room No.517-B, Dak Bhawan, New Delhi.

SpeedNet_3.1.2(15122011) Patch-2 dated 31/03/2012:

Click HERE to download speednet 3.1.2 patch-2

Courtesy: SA DOP

MODEL QUESTIONS FOR IPO & PM GRADE 1

POST OFFICE GUIDE PART II

(RULE &REGULATION RELATING TO FOREIGN POST)

1.         Categories of Foreign postal articles are

            a)         Letter post & Parcel post                 b)         Airmail & Sea mail

             c)        Registration post & Ins post           d)         All of the above                    Ans:a(1)

2.         The abbreviation  ‘UPU’ stands for

            a)         United Postal Union                                    b)         Universal postal union

            c)         United Pacific Union                       d)         None of these                       Ans: b(3)

3.         Asian Oceanic Postal Union is having its head quarter at

            a)         Dacca                                                 b)         New Delhi

            c)         Singapore                                         d)         Mannilla(Phillipines)                       Ans:d(4)