IBPS CWE RRB V pre-exam training call letter 2016

The Institute of Banking Personnel Selection (IBPS) has uploaded the preliminary exam training call letters. Aspirants who seek employment in 29 public sector and regional rural banks (RRBs) for IBPS Group A officers (scale-I, II & III) and Group B office assistants (multipurpose) can download the call letter from the official website ibps.in. Last date for downloading is October 17, 2016 and the exam will be conducted between October 17 and October 22, 2016.

To download the letter, candidates need to follow certain steps:

1. IBPS PO Call Letter/Admit Card for CWE RRB V Officer Scale I
2. Visit the official website of IBPS, ibps.in
3. Go to the Careers section
4. Click on CWE RRB V Officer Scale I 
5. Or click on IBPS RRB CWE V Pre-Exam Training Call Letter
6. Enter essential details such as application/registration number and date of birth
7. Click on submit button 
8. Download and save admit card 
9. Take a print out for further reference

Dates to remember:

Release of admit card for pre-examination training for the post of officers scale-I	October 10, 2016
Last date to download the call letter for pre-exam training	October 17, 2016
Conduct of pre-exam training	October 17 to 22, 2016
Release of admit card for pre-exam for the post of office assistants (multipurpose)	After October 17, 2016
Conduct of pre-exam training for Office Assistants (Multipurpose)	October 24 to 29, 2016

IBPS CWE RRB V
For post of officer scale-I, there will be preliminary and main online exam to qualify. Candidates who have applied for office assistant (multipurpose) exam would be provisionally allotted to a RRB. The candidates applying for officer scale-I would be required to clear the interview before their selection. The cut-off marks of CWE RRB V Officer Scale I will be decided by IBPS.

Important instructions
Call letter download depends on various factors like Internet Speed, large number of applicants trying to download the call letter at the same time etc. In case the candidates are not able to download, they are advised to be patient and try after a gap of 5 minutes. It is also recommended to try during off-peak hours during the night.

Candidates have to ensure that the registration number and password are generated at the time of registration and displayed on the screen. These are also sent immediately upon successful registration, by way of auto generated email acknowledgement, at the registered email address.

It is also important that the candidates should ensure that the date of birth is same as entered at the time of registration. Candidate can refer to the application print for the date of birth entered. The date of birth is required to be entered in date, month and year format.

It is advisable for candidates to go through the trial test to familiarize themselves with the screens, layout, and navigation. They have to prioritize each section and give equal importance to all the sections.

IBPS RRB Exam centres
Institute of Banking Personnel Selection conducts IBPS RRB Exam for the recruitment of various positions in bank. The centres for pre-exam training include Indore, Jabalpur, Agartala, Agra, Ahmedabad, Allahabad, Amritsar, Aurangabad, Balasore, Bareilly, Chandigarh, Chennai, Coimbatore, Dehradun, Dhanbad, Gorakhpur, Gulbarga, Guwahati, Hubli, Hyderabad,Jaipur, Jammu, Jodhpur, Behrampur (Ganjam), Bengaluru, Bhopal, Bhubaneshwar,Kanpur, Karnal, Kavaratti, Kochi, Kolkata, Lucknow, Ludhiana, Madurai, Mangalore, Mumbai, Muzaffarpur, Mysore, Nagpur, New Delhi, Panaji (Goa), Patiala, Patna, Port Blair, Puducherry, Pune, Raipur, Rajkot, Ranchi, Rohtak, Sambalpur, Shimla, Shillong, Siliguri, Thiruchirapalli, Thiruvananthapuram, Tirupati, Vadodara, Varanasi, Vijaywada and Vishakhapatnam.

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PPF, NSC RATES TO BE CUT, BANK FIXED DEPOSIT MAY FETCH LOWER INTEREST

New Delhi:The government is set to reduce interest rates on small savings products such as public provident fund (PPF) and National Savings Certificate (NSC) over the next few days--a move that will impact returns on your bank fixed deposits but also pave the way for banks to pare lending rates in the coming months and reduce the EMI burden.

The new formula will see small savings rates linked to returns on government securities of comparable maturity, with the reduction expected to be up to 50 basis points (100 basis points equal a percentage point). The finance ministry is finalizing product-specific rates and sources said the impact would be higher in case of maturity period of less than five years. There are indications that senior citizens and women will be protected. 

REFF:http://potools.blogspot.in/

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Raise saving allowance for income tax to Rs 2.50 lakh – ASSOCHAM to FM

As Finance Minister Mr Arun Jaitley begins engagements with stakeholders for the ensuing Budget for 2016-17, ASSOCHAM has recommended to the government to increase the deduction for long term savings to Rs 2.50 lakh and re-introduce the concept of standard deductions for salaried employees who can then give a boost to consumption demand and boost economic growth.

In its pre-Budget memorandum to the Finance Ministry, the ASSOCHAM has also pitched for revision of the deduction of interest on housing loans to at least Rs three lakhs from the existing Rs two lakhs and a similar limit be set for principal loan repayment from Rs one lakh at present.

“Increase in the limit of the interest and principal repayment will give a boost to the real estate sector. Present limits are extremely low,” the ASSOCHAM’s comprehensive memorandum to the government said.

Similarly, explaining the rationale for its demand for standard deduction, it said, the salary of the employees has gone up moving along inflation and other cost factors. “So in order to benefit the salaried employees the standard deductions should be reintroduced as one-third of salary or Rs 200000 whichever is less”.

Likewise, in another measure to help the salaried earning tax-payers, the chamber has suggested a depreciation allowance for them in line with the professionals. “The deduction of depreciation is allowed under the head –Business and Profession. No tax benefit is accrued to the salaried employees when they add assets. Though the assets get depreciated when owned by an employee, tax laws do not recognize this”.

In another suggestion to help the salaried employees, the ASSOCHAM said the leave encashment exemption limit for tax calculation should be raised to Rs 10 lakhs. “The current limit of Rs three lakh was notified by the CBDT way back in 1998 and needs to be raised substantially,” the chamber President Mr Sunil Kanoria said.

Similarly, the monetary limits be re-fixed for HRA/transport allowance and children education. Expenses actually incurred in respect of these items have increased manifold in the past few years. Children education allowance is presently exempt from tax up to Rs 100 per month per child for a maximum of two children. It is suggested to increase this exemption limit to Rs 1,000 per month. Also, for the salaried employees, transport allowance is presently exempt from tax up to Rs 800 per month which should be raised to Rs 3,000 per month. “The limit for transport allowance was fixed in 1988-89. It needs to be revised due to the increased cost of transportation over the years”.

The ASSOCHAM pre-Budget memorandum to the Finance Ministry also suggested that a provision may be made in the Income Tax Act that any expenditure incurred by an employees for education of under-privileged children by making payment directly to a recognised school should be allowed as deduction from salary income up to Rs 1,000 per month for maximum of two children.

Source: ASSOCHAM

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Karnataka Bank Officer (Scale I) Recruitment 2016 Notification & Apply Online

Hi Aspirants..Karnataka Bank Ltd., a leading technologically advanced Private sector Bank with a pan-India footprint released recruitment notification for Officers (Scale-I) to be positioned at its Branches/Offices located across India. Eligible candidates can apply online from 7 January 2016 to 18 January 2016. Further details are given below: 

Important Dates

Opening date of Online Registration Gateway/Payment of Fee: 07-01-2016

Closing date of Online Registration Gateway/Payment of Fee: 18-01-2016

Online exam: Online test tentatively scheduled in February 2016

Educational Qualification: Candidates should be Post Graduates in any discipline (Excluding PG Diplomas) or Graduates in Agricultural Sciences or Law as on 01-01-2016. Those who are awaiting results shall not be eligible to apply.

Age Limit : Minimum 21 years to Maximum 28 years [Candidate must have been born not earlier than 02-01-1988 and not later than 01-01-1995 (both days inclusive)] as on 01-01-2016. The age limit will be relaxed by 5 years for SC/ST candidates.

Application Fee (Non refundable): `600/- [`500/- in the case of SC/ST candidates]

Check detailed notification from below link for more details.

Download Official Notification from here

Apply Online for Karnataka Bank Officer (Scale I) 2016

Source:http://sapost.blogspot.in/

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BANKERS MAY EXPECT 30 SLABS INCREASE IN D.A. FOR FEB/MAR/APR'2016

As per Labour Bureau,Ministry of Labour and Employment.G.O.I, release of date,the All India Consumer Price Index Number ( Base Year 2001=100) for Industrial workers for the month of November’15 stood at 270 points with an increase of 1 points while compared to Oct’15 figure.

Next quarterly DA for Bank Officers/Workmen is calculated based on AICPIN (IW)Base Year 1960=100 for the months of October,November and December’15. 

The confirmed index numbers for past two months are as furnished here under: 

Base Year 2001=100              Base Year 1960=100 Oct’15.        269                                   6140.17
Nov’15.        270                                  6162.99

If the current index number is continued as it is, in December’15 too, there may have minimum 30 slabs increase in DA payable to bank workmen /Officers in next quarter w.e.f Feb’16.

This is only an assumption based on current movement of index numbers and exact data on DA payable for next quarter (February'16,March & April) can be arrived on release of December index numbers by month end.

      For more:http://sapostodisha.blogspot.in/2016/01/aicpin-for-november-2015-expected-da-on.html

Reff:http://potools.blogspot.in/

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RBI tells banks to replace defective 1,000-rupee notes

MANOJIT SAHA

Out of 300 million defective banknotes that were printed in one of the printing presses of government-owned Security Printing and Minting Corporation of India, about 100 million of those notes have hit the market leaving the general public in a tizzy.

About 200 million pieces were transferred to the RBI’s currency chests, some of which was then loaded in banks’ automated teller machines, sources close to the development said.

Currency experts said that the checking of notes is done at the press-level and the banking regulator is not involved with checking each and every banknote.

An RBI spokesperson has confirmed the development and said banks have been asked to replace such notes with the central bank, when found. Banks have also been advised to replace such notes whenever a customer approaches them. The notes are genuine though they are defective, the spokesperson said.

There are four printing presses which print and supply banknotes. These are at Dewas in Madhya Pradesh, Nasik in Maharashtra, Mysore in Karnataka, and Salboni in West Bengal.

The presses in Devas and Nasik are owned by the Security Printing and Minting Corporation of India (SPMCIL), a wholly owned company of the Government of India. The printing of the notes in Karnataka and West Bengal are done by the Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), a wholly owned subsidiary of RBI.

Sources said the defected notes were printed in the Nashik press while Security Paper Mill of Hoshangabad produced the currency note paper. The security thread was missing in the defective pieces, the sources said. The 1000-rupee notes which was introduced in October 2000, contain a readable, windowed security thread alternately visible on the obverse with the inscriptions ‘Bharat’ (in Hindi), ‘1000’ and ‘RBI’, but totally embedded on the reverse.

As on March 31, 2015, there were 5,612 million Rs 1000 denominated notes in circulation which constitutes 6.7 per cent of the total notes in circulation. In terms of value, Rs 1000 denominated notes constituted 39.3 per cent of the total value of notes in circulation.

Notes of denominations of Rs 500 and Rs 1,000 together accounted for approximately 85 per cent of the total value of banknotes in circulation at end- March 2015. Notes of Rs 10 and Rs 100 together accounted for 54 per cent of the volume at end- March 2015, RBI data shows.

SOURCE:http://www.thehindu.com/

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