JK Student Times

In February 2022, there will be six holidays, including Basant Panchami, Guru Ravidas Jayanti, and Doljatra, on which banks across the country will be closed. New Delhi: The month of February is almost upon us. If you have bank-related tasks to do in February, it's critical that you know when the banks will be closed in the following month. According to the Reserve Bank of India's (RBI) list, a total of 12 days of shuttered banks will be closed next month. These holidays, however, will not be available in all states. In such a circumstance, check the Bank Holidays List before leaving the house to attend to bank business. In February 2022, there will be six holidays, including Basant Panchami, Guru Ravidas Jayanti, and Doljatra, on which banks across the country will be closed. Closed till further notice (Bank Band). There will be a weekly (Weekend bank band) holiday on the second and fourth Saturdays and Sundays. In the coming month, there will be no business in the banks for a...

PAN-Aadhaar Link: SBI has alerted all its account holders. The bank said that if customers do not link PAN-Aadhaar card by March 31, then their banking service may be disrupted. New Delhi: PAN-Aadhaar Link: State Bank of India (SBI), the country’s largest public sector bank, has alerted its customers. The bank has given notice to its account holders to link PAN-Aadhaar card before 31 March 2022. The bank has said that if customers do not do this then their banking service may be stopped. SBI has also tweeted for this. Opportunity till 31st March In the tweet, SBI has said, ‘We advise our customers to link their PAN with Aadhaar to avoid any inconvenience and enjoy uninterrupted banking service. The bank said that the customers should get the PAN and Aadhaar linked on time so that they will be able to avoid any inconvenience. We advise our customers to link their PAN with Aadhaar to avoid any inconvenience and continue enjoying a seamless banking service. #ImportantNotice #AadhaarLin...

Starting January 16, all private and public banks in India will be closed for 7 days. Bank Holidays in January 2022: All private and government banks will be closed for a total of 7 days starting January 16, 2022 in various states. You must finish all your important work related to the bank while keeping in mind these holidays.  Apart from the weekly offs, banks will remain closed in various states due to other holidays. In the month of January, banks across the country will be closed for up to 16 days. Nine of the holidays have already been used up. According to a list of bank holidays published on the Reserve Bank of India's website, banks in Agartala, Bhopal, Bhubaneswar, Chandigarh, Guwahati, Kochi, and Srinagar will remain open on Republic Day (January 26). Notably, the RBI has divided holidays into three categories: Holiday under the Negotiable Instruments Act, Holiday under the Negotiable Instruments Act and Real-Time Gross Settlement Holiday, and Banks' Closing of Accou...

State Bank of India News: Senior citizens will benefit from an additional 50 basis points on these deposits. Fixed deposits are a fantastic method to make investments with little risk, and they're also simple to understand. Following in the footsteps of the private sector's HDFC Bank, the State Bank of India (SBI) has raised its fixed deposit (FD) interest rates. According to SBI's homepage, the bank has upped the interest rate on FDs under Rs 2 crore by 10 basis points (bps), from 1 year to less than 2 years. These FDs will now pay 5.1% interest, up from 5%. The rate of interest on elderly accountholder FDs will be 5.6 percent, above 5.5 percent. From January 15, 2022, the new SBI FD interest rates will be in operation. Except for FDs with tenures of 1 year to less than 2 years, the old interest rates apply to all FDs. SBI has the highest interest rate on FDs, at 5.40 percent for terms of 5 to 10 years. Senior citizens will benefit from an additional 50 basis points on the...

The Kashmir Chamber of Commerce & Industry (KCC&I), President, Sheikh Ashiq Ahmad Tuesday stated that the business community of Kashmir was undergoing a period of unprecedented stress and turbulence and heading towards financial instability. “The Special One Time Settlement Scheme 2021 announced by Baldev Prakash, Managing Director/CEO, The Jammu and Kashmir Bank Ltd declared on 10th of January, 2022 was a ray of hope for the business community,” he said in a statement issued to the news agency—Kashmir News Observer (KNO). While appreciating the efforts put in by Baldev Prakash for the said Special Scheme. However, at the same time as mentioned the Scheme is valid for 30 working days for which the sanction or otherwise will be conveyed within seven working days of the receipt of application with a maximum repayment period of six months. “The Kashmir Chamber of Commerce & Industry requested the Bank Authorities not to make the Special Scheme time bound and extend the repay...

A case of theft of Rs 5 lakh 14 thousand 85 from the Airtel/Paytm accounts of a person has come to light in Minda village of Maroth police station area of ​​the district. Neither did he receive any call on the victim’s mobile nor did he receive any OTP. Despite this, Rs 4 lakh 69 thousand 85 was deducted from the victim’s Airtel Payment Bank account and Rs 45 thousand from the PAYTM account. As soon as he came to know, he called the customer care of both of them and informed them but there was no solution from there. On this, he first lodged a complaint on cyber complaint numbers and has now lodged a case in Maroth police station. Tulchiram’s son Hanuman Prasad Kumawat resident Minda said that between November 11 and December 19, Rs 4 lakh 69 thousand 85 was deducted from his Airtel Payment Bank account and Rs 45 thousand from PAYTM account. During this neither he got any call from anyone nor did he get any OTP. When he came to know, he called customer care but there was no solution fr...

Apart from the returns while investing, it should also be seen where tax can also be saved. There are many such schemes in the market, where one gets the benefit of tax exemption on investment. SBI Long Term Equity Fund: There are many investors who focus only on returns while investing money in the market. But this is not a completely correct strategy. Apart from the returns, it should also be seen where tax can also be saved by investing money. It should be seen that which scheme can save tax on the earning from the market. There are many such schemes in the market, where one gets the benefit of tax exemption on investment. These include government schemes and some equity schemes as well. There is tax benefit on investing in Equity Linked Savings Scheme (ELSS) category of Mutual Funds. There are many such ELSS schemes in the market, which have given great returns to the investors over a long period of time. One of these is SBI Long Term Equity Fund scheme of SBI Mutual Fund. Return M...

Sometimes, we make a mistake while entering the bank account number. By mistyping the wrong account number, we send money to the wrong beneficiary NEFT, RTGS, UPI payments, RBI, money transferred to another bank account mistakenly, wrong account number Transferred money to wrong account? How to get money back if sent to the wrong a/c New Delhi: Today, the digital platform has made banking easier but it has its own drawbacks. Through net banking, in just three or four steps we can transfer money to our bank accounts, wherever we want. With digital wallets, NEFT/RTGS, UPI, Google Pay, BHIM, and other such services can make bank transactions easily. We can now skip long queues at banks and ATMs as Internet banking has made it possible to do transactions at any time, anywhere. It has become extremely easy to send and receive money online. This has become extremely convenient, but during this process, we make mistakes. But how do we get our money back if you have made the mistake of sending...

Out of the 10 days remaining in December 2021, banks will remain shut for 6 days as per RBI's list of holidays As the festive week approaches us, all public and private sector banks will remain shut for at least six days in December. The only national holiday December has is for Christmas when the banks will remain shut across India.  The Reserve Bank of India (RBI) provides a list of holidays for banks every year. This year, December includes seven state-wise holidays that include Christmas that is also falling on a second Saturday of the month which is already a notified holiday for banks across India. However, there still are holidays that you should take note of for bank-related work. The good news is that many holidays are state-wise so not everybody will be affected by this.  Here is a complete list of holidays for December as per RBI:  - December 24: Christmas Eve - Aizawl, Shillong - December 25: Christmas - Guwahati, Hyderabad, Imphal, Jaipur, Jammu, Kanpur, Koch...

SBI 3-in-1 account provides three services under one umbrella The SBI 3-in-1 account comprises a savings bank account, a Demat account, and an online trading account all at once for ease of trade SBI 3-in-1 Account : The State Bank of India, country’s largest public sector lender, comes up with new policies and facilities for its customers from time to time for ease of business. This time, the bank has launched a 3-in-1 account facility to help its account holders have a seamless trading experience. The SBI 3-in-1 account comprises a savings bank account, a Demat account, and an online trading account — all at once — to help customers get a smooth paperless trading experience. The State Bank of India said in a note that people who are interested in opening the account can log in to its website for further details and queries. In a tweet posted on December 15, the State Bank of India said, Experience the power of 3-in-1! An account that combines Savings Account, Demat Account, and Tradi...

SBI customers will not be able to avail its net banking services at a particular time from today till Sunday. SBI internet banking services: If you are a customer of SBI, then you should know that from today till Sunday you will not be able to use its netbanking services. According to the latest news, customers of India’s largest bank State Bank of India (SBI) will not be able to use the services of its internet banking services during a certain period from today. This duration will be of total 300 minutes. SBI said on its Twitter handle, “We request our esteemed customers to stay with us as we strive to provide a superior banking experience.” SBI further said, “We will do technical updation work on December 11, 2021 from 23:30 am to 4:30 pm (300 minutes). INB, YONO, YONO Lite, YONO Business, UPI will be unavailable during this period. We are sorry for the inconvenience and request you to join us.” Let us tell you that SBI has the largest network with more than 22,000 branches and more...

Bank Holidays in December 2021: After a few days, the last month of the year will start in December. There are many holidays in the banks in the month of December, out of which 4 holidays are on Sundays. The festival of Christmas also comes in the month of December, whose holiday is celebrated in almost all the banks of the country. In the month of December of 2021, there is a 16-day holiday for banks due to different reasons. However, banks are not going to remain closed for 16 days everywhere. Due to some holidays being local, banks will be closed on that day only at the particular location. According to the RBI guidelines, banks are closed on the second and fourth Saturdays of the month apart from Sundays. Below are the bank holidays in the month of December. Along with this, it has also been told that on which day banks will be closed in which state and where will they remain open. On the basis of this, you should settle the work related to your bank so that there is no problem and...

According to SBI, an OTP will be provided to the registered mobile number and the OTP can be used by the customers to withdraw cash from the ATM. If you are a State Bank of India (SBI) account holder and yopu use SBI ATM to withdraw cash then this news is for you. SBI recently introduced an OTP-based cash withdrawal system to prevent fraud and unauthorised transactions from its ATMs. SBI tweeted, "Our OTP based cash withdrawal system for transactions at SBI ATMs is vaccination against fraudsters. Protecting you from frauds will always be our topmost priority." SBI also explained to its customers how the OTP-based cash withdrawal method works. According to SBI, an OTP will be provided to the registered mobile number and the OTP can be used by the customers to withdraw cash from the ATM. The OTP authenticates the user for a single transaction and with this four-digit code the SBI cardholders will remain protected from unauthorised ATM cash withdrawals. It is to be noted that th...

According to the RBI list, all banks remain closed on Republic Day (January 26), Independence Day (August 15), Gandhi Jayanti (Oct 2) and Christmas. Banks will remain closed for five days this week and if you are planning to visit the bank branches in this week then you should take into account these holidays in order to avoid inconveniences. It is to be noted that the holidays for banks are notified by the Reserve Bank of India (RBI) under three categories - the Negotiable Instruments Act, Holiday, Real Time Gross Settlement Holiday and Banks’ Closing of Accounts. All banks including the public sector, private sector, foreign banks, cooperative banks and regional banks will remain closed on these notified holidays. According to the RBI list, all banks remain closed on Republic Day (January 26), Independence Day (August 15), Gandhi Jayanti (October 2) and Christmas (December 25). Banks also remain shut on Diwali, Christmas, Eid, Guru Nanak Jayanthi, Good Friday. Banks also remain clos...

The violation is related to rules pertaining to frauds classification and reporting by commercial banks and select financial institutions, the RBI said. The Reserve Bank of India (RBI) on October 18, 2021, imposed a monetary penalty of Rs one crore on State Bank of India (SBI) for non-compliance with certain directions. The violation is related to rules pertaining to frauds classification and reporting by commercial banks and select financial institutions, the RBI said. This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, the central bank said in a release. The RBI conducted scrutiny of the bank in a customer account maintained with the bank and the examination of the scrutiny report revealed non-compliance with the directions on reporting of fraud in the said account to RBI, the central bank said. “In furtherance to the same, a notice was issued ...

Among the big gifts to the 7th pay commission employees of the Modi government, now the bank employees have got relief. The Reserve Bank of India (RBI) has allowed banks to amortize the additional liability on account of revision of family pension in five years starting from 2021-22. RBI said that banks will have to properly disclose the accounting policy to be followed in this regard in the ‘Notes to Accounts’ of the financial statements. The relaxation has been given following a request from the Indian Banks’ Association (IBA) that it would be difficult for some banks to absorb the huge amount of liability in respect of revision of family pension in a year. Indian Banks Association (IBA) CEO Sunil Mehta said that more than 1.5 lakh family pensioners are going to benefit! IBA CEO Sunil Mehta said in a tweet that RBI has accepted our request for amortization. More than 1.5 lakh family pensioners are going to be benefitted! RBI said that IBA has approached us for amortization of increas...

Get benefits worth Rs 4 lakhs for just Rs 28 in these government schemes You can get benefits by just investing some money in Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) . After the havoc of coronavirus, awareness about insurance has increased among people. The government is also providing insurance facilities for very little money to reach every section of society. In this sequence, there are government schemes, Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), which will give you a cover of up to Rs 4 lakh. To get the benefit of Rs 4 lakh, you have to invest in two schemes of the government. You can get its benefits by just investing some money in Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY). In these two schemes, only Rs 342 has to be deposited annually. Pradhan Mantri Suraksha Bima Yojana (PMSBY) Under the Pradhan Mantri Suraksha B...

After the Centre had increased the Dearness Allowance (DA) and Dearness Relief (DR) for its employees in the month of July this year, they have another good news for the beneficiaries. Those who could not claim the Children Education Allowance (CEA) due to the COVID-19 pandemic will now be able to claim it. They can do so without presenting official documents. Those who don’t know, as per the 7th Pay Commission, Central Employees get an allowance of Rs 2,250 per month for their children every month for their education. But since the coronavirus hit the country last year, schools were shut and employees could not claim their CEA. An Office of Memorandum was issued in the month of July by the Department of Personnel and Training (DoPT) that said, central employees were facing difficulties in claiming CEA even after depositing the fees online. 7th Pay Commission: September salary of Central government employees to include DA, HRA hike – Check calculations here As per the DoPT, parents cou...

On the Coinbazzar platform, you can also sell an old Re 1 note for Rs 45,000 by sitting at home. If you have an old Rs 5 note, then there is a chance for you to earn Rs 30,000 without stepping out of your home. So check your piggy bank or wallet and if you find an old Rs 5 note then you can earn Rs 30,000 within a few minutes by sitting at home. All you need to do is visit two websites - antiques and collectables – to know the best rates of your old Rs 5 note. But, the old Rs 5 note must have some features to fetch you Rs 30,000. The old Rs 5 note should have the picture of a tractor on it. The note issued by the Reserve Bank of India (RBI) is extremely rare if the number 786 is also printed on it. If you have Rs 5 notes with these features then you can sell them online on coinbazzar.com.  How to sell old Rs 5 note on coinbazzar.com Step 1: Log on to the official website coinbazzar.com Step 2: Register yourself as a seller. Step 3: Upload the picture of your note on the platform.  Ste...

PAN-Aadhaar Link Deadline: SBI customers alert! If you’re are a customer of the State Bank of India (SBI) then you might want to read this. SBI has been reminding its customers to link their Permanent Account Number (PAN) with their Aadhaar Card as failing to do so will result in the suspension of banking facilities. “We advise our customers to link their PAN with Aadhaar to avoid any inconvenience and continue enjoying a seamless banking service. If not linked, PAN will be rendered inoperative or inactive and cannot be quoted for conducting specified transactions,” an official tweet of the SBI read. Not just SBI but private banks like HDFC and ICICI bank have also urged their customers to complete the PAN-Aadhaar linking before September 30.  How to link PAN with Aadhaar Card Visit the Income Tax e-filing portal 2.0 (click here) Scroll down on the homepage to find the ‘Link Aadhaar’ option, click on it Fill in the required details like PAN number, Aadhaar Number, Name as per Aadha...