Aadhar e-KYC : Fast, Secure & Cost Effective

The Unique Identification Authority of India, UIDAI has developed the e-KYC (Electronic – Know Your Customer) service, which promises to substantially improve customer services in the near future.  The new offering,  e-KYC allows an Aadhar number-holder to authorize UIDAI to release his personal details to any service provider to allow instant activation of services like bank account, mobile connection etc. 

Towards paperless transaction

Know Your Customer or KYC is a mandatory process that most financial institutions and mobile companies need to complete in regards to all their customers. Aadhar card is already a valid KYC instrument, still the KYC process takes much longer time and involves documentation.   The e-KYC service being offered by UIDAI will  enable to electronically verify identity and address proof of the residents, which will cut down time required on many things like getting a new mobile connection, opening a Bank account or a trading account etc.

“Not only will this service streamline the process of on-boarding new customers but it will also simplify the process of linking existing customer accounts to their respective Aadhaar numbers in an easy, yet secure manner. The eKYC service will extend the power and convenience of Aadhaar KYC to paperless transactions. Using the eKYC service, residents can authorise the UIDAI to release their KYC data to a service provider,” says UIDAI Chairperson Nandan Nilekani.

The authorization for release of personal data can either be done in person – through biometric authentication or it can be done online using OTP (One Time Password).  Upon successful authentication and consent of the resident, the UIDAI will provide the resident’s name, address, date of birth, gender, photograph, mobile number (if available), and email address (if available) to the service provider electronically.

Public sector banks faces shortage of 56,000 employees

Public sector banks face a shortage of 56,022 personnel across various cadres and the lenders are at different stages of filling these posts, official sources said.

In the officer category, 25 public sector banks have 23,794 vacancies as of March, 2013. Of this, 5,815 officer level posts are in Bank of Baroda (BoB) only, sources said.

Syndicate Bank has 1,500 vacancies of officer level posts. Andhra Bank is facing a shortage of 1,484 officers. The number for the same in Bank of India is 1,473. Allahabad Bank needs to hire 1,450 officers, Punjab & Sind Bank 1,454 and Punjab National Bank 1,119.

Study Materials : SB Manuals, SB Acts, SB Orders

SB Manuals (Volume I to III), SB/SC Acts and all the SB Orders from 01.01.2007 are available in Indiapost Website. The links are given below.

SBManual Volume-I

SBManual Volume-II

SB ManualVolume-III

SBOrders of the years from 2007 to 2010

SBOrders of the year 2011

SBOrders of the year 2012

SBOrders of the year 2013

The Government Savings Bank Act, 1873

The Government Savings Certificates Act, 1959

DA FORMULA MAY GOING TO BE CHANGED

New series of Consumer Price Index (Base for calculation of D.A) under preparation:

Ministry of Labour and Employment, Government of India has decided to prepare a new series of Consumer Price Index for Industrial Workers. 

For this purpose, Government has set up a Standing Tripartite Committee (STC) to advise the Government on issues pertaining to the Consumer Price Index for Industrial Workers (New Series).

The STC will go into details of various parameters that are taken into consideration for updation of the base year such as the weighting diagram, consumption basket, selection of centres, sample size of establishments for price collection etc.

Government has no specific information about the skilled/semi-skilled worker outsourced by the Central Government /State Governments through contractors not being paid as per the CPI. 

Direct Recruitment PA/SA Examination - UPDATE as on 14-AUG-2013

Direct Recruitment PA/SA Examination - LATEST UPDATE

I       The List of shortlisted candidates for the Computer Typing / Data Entry (PAPER II) for Bihar, Haryana, Himanchal Pradesh & Rajasthan Postal Circles is added in the given link below.

II       PAPER II for Assam, Chhattisgarh, Jharkhand, Madhya Pradesh, North East, Odisha and West Bengal Postal Circles is scheduled on 24th and 25th August 2013.The Admit cards for the same have been dispatched. Same also can be downloaded from this website.

III      Selected Candidates called for Paper II can use links on the Screen named "Generate Admit Card" to familiarize with the Steps for appearing in "Typing Test" & "Data Entry Test".

 SHORT LISTED CANDIDATES FOR PAPER II 

Source : http://www.eonlineapply.com/dop/pages/index.htm

SB 46 Intimation v3.1 Revised 14/08/13

Major bug has been fixed, it can be execute in all POs.
Export to word option added.
Print option removed.
Background image has been changed.

Download

Source : http://potools.blogspot.in

DBAnalyzer for Sanchay Post dated 12/08/2013

All offices should update immediately to execute DB Analyzer Consolidated report.


Pre-requisite: .Net framework 3.5 

NOTE: Generation of Consolidated Report is a TIME CONSUMING PROCESS. All offices are advised to generate this report after completing the daily routines like DAY-END process, Database Backup, etc.

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Post Bank

Department of Posts has proposed to set up a Post Bank of India. This will be an independent entity, separate from the current operations of Small savings Schemes being carried out by the Department on behalf of Ministry of Finance. The Department of Posts has accordingly submitted an application to the RBI on 28.06.2013 seeking a banking license subject to necessary Cabinet approvals.

The details of financial services offered by the Post offices at present are as below:-

(1)         Small Savings Schemes of Government of India (on behalf of Ministry of Finance)

(i)                 Post Office Savings Account
(ii)               Post Office Time Deposit Account
(iii)             Post Office Recurring Deposit Account
(iv)             Post Office Monthly Income Account
(v)               Senior Citizens Savings Scheme Account
(vi)             Public Provident Fund Account
(vii)           National Savings Certificates (VIII)  and (IX) issue

Peaceful demonstration is not misconduct: court

While quashing the charge memo issued to two State Bank of India (SBI) officers alleging misconduct for holding a lunch hour demonstration in August last year, the Madras High Court has held that a mere peaceful demonstration, per se, inside the campus, cannot be understood as a mark of misconduct under the rules.

A Division Bench comprising Justices Chitra Venkataraman and K.B.K.Vasuki passed the common judgment on appeals filed by two officers of the bank against a single Judge’s order of February 8 this year.

The two, D.Thomas Franco Rajendra Dev, Deputy Manager, SBI, RBU, LHO, Chennai and D.Suresh Kumar, Chief Manager, RBU, LHO, Chennai, were the general secretary and elected president of the All India State Bank of India Officers’ Association respectively. The association held a lunch hour demonstration on August 28 last year in front of the local head office and in all the administrative offices of the bank. Members, including the two officers, participated.

Sexual offenders in office stand to lose job, promotion

You could risk losing at least 10% of your salary every month for a year, promotions, withdrawal of privileges and perks or even face termination of service if found guilty of sexually harassing a woman at your workplace. These are part of the new rules under the Sexual Harassment at Workplace(Prevention, Prohibition and Redressal) that was passed by Parliament recently. The rules empower the complaints committee to restrict the perpetrator's entry from the workplace if the guilty happens to be an outsider. The panel can also impose a fine of Rs 500, or 5% of the woman's salary in case of a false or malicious complaint.

These provisions are included in new rules that have been drafted by the ministry of women and child development and sent to the law ministry for their opinion. The provisions are likely to be notified by end-August.
A complaints committee, established under the law, will be empowered to recommend and impose a written apology, censure, withhold promotions, pay hikes or increments, entitlements and privileges, impose termination of service in case where they find a case of sexual harassment. The committee can also revoke, suspend any licence or registration in cases like a doctor or a lawyer's licence.