Showing posts with label Informational Messages. Show all posts
eSanad : Online document verification CBSE| Integration with Parinam Manjusha

One more step towards digital India , launch of eSanad and Integration with Parinam Manjusha jointly by External Affairs Minister Smt. Sushma Swaraj, Electronics and Information Technology Minister Shri Ravi Shankar Prasad and Human Resource Development Minister Shri Prakash Javadeka.

Ransomware Attacks News - Precautions and Prevention 

Ransomware Attacks News - Precautions and Prevention


Ransomware attack Meaning

Ransomware/Malware attacks are increasing day by day throughout the world. Recently, a number of computer systems in various countries, including India, have been infected with a ransomware called Wannacry.
Ransomware are type of malware that encrypts the contents of a computer or server thereby converting the files/system unusable. The attackers will ask for payment/ransom (generally through bitcoins) to unlock/decrypt the system/files.

The main sources of Ransomware are

1) Email  attachments

2)  Internet browsing/downloading of files and  

3) Use of removable media like pen drive. 

Around five per cent of the computers infected by WannaCry are in India as reported by India Today group.

106 Foundation Day Central Bank Of India 21st December 2016

Heartiest greetings to all CENTRALITES on the eve of 106th foundation day of the bank.
 Wish the bank regains its rightful place in the banking system and regain the vigor of innovative approach and live up to the principles our founder had enshrined.
Best wishes.


Simple Secrets for Success Mesage

Believe in yourself.
Always stay true to what makes you unique and trust your gut. See your differences as strengths rather than handicaps. And, instead of comparing you to others...be inspired by them!

Work hard.Pure and simple. Ideas aren't worth anything unless you put them to work. You have to be responsible, dependable, disciplined and never stop learning or growing.

Take risks. 
It's O.K. to be afraid but you just have to plunge in anyway. This isn't easy, especially when it feels like the tide is against you, but it's just necessary to take risks in order to stay fresh and relevant. You will make mistakes but your efforts will also make a difference. Just take a deep breath and step out of that comfort zone!

Keep an open mind. 
Be willing to adapt and change when you need to. Adjust your sails to catch that wind. Be strong...yet flexible and resilient...like bamboo...and bend rather than break.

Accept your limitations. 

Some good practices to keep your money safe 🤑🤑🤑


Accounts

1) Make two bank accounts.

Primary account and Secondary account

Keep all your money in Primary and never use it for online transactions.

Never use Primary Debit card anywhere.

Use the Secondary account for all the spending and withdrawing money from ATM. Transfer money from Primary account when needed and keep balance under Rs 10,000.

Cards

1) Use Credit Card as much as possible So that the liability is on banks. Debit cards means your money is gone.In credit card payments banks can delay or revert the fraudulent payment but not in case of debit card payment. So credit card is safer choice for transactions
If you aren't earning a handsome salary or have bad credit score just put an FD of 25,000 and get a Credit Card against it. Never ever use your Debit Card for online shopping or at POS terminals.

2) Get a safer chip based card. A duplicate copy of magnetic cards can be made in minutes, chip based cards cannot be copied easily.

3) Never let your cards out of your sight, When paying bills at some restaurant, ask them to bring the POS machine to you or you yourself go to the machine. Also grab that receipt, check, and tear.

4) Always hide the keypad.Those devices that you swipe that card have walls to hide your fingers so that no one can see what you're typing, that isn't adequate, cover the top of your hand as well.Don't punch in the numbers by making a fist and taking the index fingers out. Instead, type like a person playing the piano, i.e: all four fingers resting or hovering over the keypad.

Lots of questioning going on in mind after PM's speech regarding stooping of Rs 500 and 1000 notes , here is the complete information.

Rs 500 and Rs 1000 stopped : Information 
 1. With a view to curbing financing of terrorism through the proceeds of Fake Indian Currency Notes (FICN) and use of such funds for subversive activities such as espionage, smuggling of arms, drugs and other contrabands into India, and for eliminating Black Money which casts a long shadow of parallel economy on our real economy, it has been decided to cancel the legal tender character of the High Denomination bank notes of Rs.500 and Rs.1000 denominations issued by RBI till now. This will take effect from the expiry of the 8th November, 2016.

  1. Fake Indian Currency Notes (FICN) in circulation in these denominations are comparatively larger as compared to those in other denominations. For a common person, the fake notes look similar to genuine notes. Use of FICN facilitates financing of terrorism and drug trafficking. Use of high denomination notes for storage of unaccounted wealth has been evident from cash recoveries made by law enforcement agencies from time to time. High denomination notes are known to facilitate generation of black money. In this connection, it may be noted that while the total number of bank notes in circulation rose by 40% between 2011 and 2016, the increase in number of notes of Rs.500/- denomination was 76% and for Rs.1,000/- denomination was 109% during this period. New Series bank notes of Rs.500/- and Rs.2,000/- denominations will be introduced for circulation from 10th November, 2016. Infusion of Rs.2,000/- bank notes will be monitored and regulated by RBI. Introduction of new series of banknotes which will be distinctly different from the current ones in terms of look, design, size and colour has been planned.

  1. The World Bank in July, 2010 estimated the size of the shadow economy for India at 20.7% of the GDP in 1999 and rising to 23.2% in 2007. There are similar estimates made by other Indian and international agencies. A parallel shadow economy corrodes and eats into the vitals of the country’s economy. It generates inflation which adversely affects the poor and the middle classes more than others. It deprives Government of its legitimate revenues which could have been otherwise used for welfare and development activities.
  2. In the last two years, the Government has taken a number of steps to curb the menace of black money in the economy including setting up of a Special Investigation Team (SIT); enacting a law regarding undisclosed foreign income and assets; amending the Double Taxation Avoidance Agreement between India and Mauritius and India and Cyprus; reaching an understanding with Switzerland for getting information on Bank accounts held by Indians with HSBC; encouraging the use of non-cash and digital payments; amending the Benami Transactions Act; and implementing the Income Declaration Scheme 2016.
  3. In order to implement the above decisions of the Government and keeping in view the need to minimise inconvenience to the public, the following operational guidelines have been issued:-

Funny: Indian Notes 500 and 1000 will be illegal starting 12 midnight on November 8 2016

Modi is like... Mein Jo bolta hu,
vo mein karta hu..
Jo nhi bolta hu,
vo to jarur karta hu ...
#HatsOffModi #SurgicalStrikeOnCorruption #OvernightOverhaulNation

बड़ी मुश्किल में साफ़ किये थे वाट्सएप के दीपावली मैसेज। अब मोदीजी ने फिर लबालब भर दिए😳

आज रात जिस घर की लाइट जलती हुइ दिखे समझलो नोटो की गिनति चल रही हे💰💶🤑

Dont worry friends
I will accept all your Rs.500 and Rs.1000 Notes without asking any questions....
... Rs.12 per Kg.

RBI Governor Urjit Patel

New RBI Governor Urjit Patel
New RBI Governor - Urjit Patel
Personal details:
Born 28 October 1963
Nationality Indian
Education Yale University, Oxford University, University of London
Occupation Banker, Economist
Known for Deputy Governor of Reserve Bank of India
Urjit R Patel (born 28 October 1963) is an eminent economist, consultant and banker, currently serving as Deputy Governor of the Reserve Bank of India. He was also Advisor of the Boston Consulting Group. As Deputy Governor of RBI, Dr Patel looks after Monetary Policy, Economic Policy Research, Statistics and Information Management, Deposit Insurance, Communication and Right to Information.

Early life and education :
Dr. Patel obtained his BA from the London School of Economics [LSE, University of London], M. Phil. degree from Oxford University in 1986. He received his doctorate in Economics from Yale University in 1990. He joined IMF as a Kenyan citizen. He was at IMF India desk during the 1991-1994 transition period. He was posted to IMF country mission in India 1992-1995. He has also been a non-resident Senior Fellow at the Brookings Institution since 2009.

Professional career :
After obtaining his PhD, Dr. Patel joined the International Monetary Fund in 1990 worked on the USA, India, Bahamas and Myanmar desks at IMF till 1995. Thereafter he went on deputation the IMF to the Reserve Bank of India, where he played an advisory role in the development of the debt market, banking sector reforms, pension fund reforms, targeting of real exchange rate. After the two-year deputation with RBI, Patel became a Consultant to the Government of India in the Ministry of Finance, Department of Economic Affairs - a position he held from 1998 to 2001.

National Awards Announced


The prestigious awards — announced by a jury set up by the Information and Broadcasting Ministry — are given away by the President. There are 30 categories in the Feature Films segment and 22 in the non-feature films one.

63rd National Film Awards


It was a stellar day for Bollywood as Amitabh Bachchan and Kangana Ranaut bagged the top acting honours at the 63rd National Film Awards, which were announced here on Monday. While Ms. Ranaut picked up the Best Actress award for Tanu Weds Manu Returns, Mr. Bachchan won for Piku.

S.S. Rajamouli’s magnum opus Baahubali was declared the Best Feature Film while Bajrangi Bhaijaan won the Best Popular Film award.

Tamil star Samuthirakani picked up the Best Supporting Actor award for Visaranaai, a thriller based on the novel Lock Up by M. Chandrakumar. Tanvi Azmi won the Best Supporting Actress award for Bajirao Mastani, while the film’s director, Sanjay Leela Bhansali, bagged the Best Director award.

Best Hindi Film award goes to Dum Laga Ke Haisha.

Best Choreography Award goes to Remo D'Souza for Bajirao Mastani.

Best popular film award goes to Bajrangi Bhaijaan, starring Salman Khan.


Best Screenplay – Dialogues award goes to Juhi Chaturvedi (Piku) and Himanshu Sharma (Tanu Weds Manu Returns).
Important Banking Awareness Questions :
Today I am sharing most commonly asked questions and answers in bank interviews.I tried to cover all important parameters and hope that you will find it useful.You can also asked any queries regarding banking industries and banking careers to me .Best of luck for your exams and interviews.





1. MICR code consists of how many digits?
Ans: 9 digits. (First three digits denotes city,b next three digits representing the bank and the last three digits representing the bank branch)

2. What is the minimum limit in RTGS system?
Ans: 2 lakhs (there is no upper limit in RTGS)

3. What is full form of CTS?
Ans: Cheque Truncation System

4. Under which service, customers may access their bank account and perform basic transactions from any of the member branch offices.
Ans: Core Banking Solution (CBS)

5. Exchange of cash flow in different currency is known as:
Ans: Currency Swap

6. Assets or loans which stop performing after 90 days is known as:
Ans: Non Performing Asset

7. Who controls the Monetary Policy in India?
Ans: RBI

8. Which card is issued by NPCI (National Payments Corporation of India)?
Ans: RuPay Card

9. Definition of Current Account deficit:
Ans: A measurement of a country's trade in which the value of goods and services it imports exceeds the value of goods and services it exports.

10. Full form IFSC –
Ans: Indian Financial System Code

11. Commercial paper can be issued for a maximum period of:
Ans: 1 year.

12. The Mutual funds in India follow accounting standards laid by:
Ans: SEBI (Securities and Exchange Board of India)

13. Minimum amount for Certificate of Deposit has been fixed at:
Ans: Rs. 1 Lakh

14. AML is a term mainly used in the financial and legal industries. Expand the term AML:
Ans: Anti Money Laundering

15. PIN is a number allocated to an individual and used to validate electronic transactions. Expand.PIN:
Ans: Personal Identification Number

16. What is Repo rate?
Ans: It is the rate at which RBI lends money to the commercial banks.

17. What is Stale Cheque?
Ans: A cheque which is presented to a bank after 3 months from date of issue is considered as stale cheque and will often not be honored for cash or deposit at a bank.

18. What is Bancassurance?
Ans: The selling of life assurance and other insurance products and services by banking institutions.

19. The objective of KYC guidelines is to prevent banks from being used, intentionally or unintentionally, by criminal elements for money laundering or terrorist financing activities. What is the full form of KYC?
Ans: Know Your Customer

20. Know Your Customer (KYC) guidelines are issued under:
Ans: Section 35A of the Banking Regulation Act, 1949

21. In BSBDA (Basic Savings Bank Deposit Account) the credits in a financial year does not exceed rupees:
Ans: Rs. 1 lakh

22. In BSBDA (Basic Savings Bank Deposit Account) the balance at any point of time does not exceed rupees:
Ans: Rs. 50,000

23. In BSBDA (Basic Savings Bank Deposit Account) the withdrawals and transfers in a month does not exceed rupees:
Ans: Rs. 10,000

24. At which rate RBI give loans to commercial banks?
Ans: Repo rate

25. Full form of CASA:
Ans: Current Account Saving Account

26. In what denominations Commercial Paper (CP) can be issued?
Ans: Rs. 5 lakh

27. What is the minimum denomination of Treasury bills to issue in India?
Ans: Rs. 25,000

28. Who cannot issue Certificate of Deposit (CD)?
Ans: Regional Rural Banks (RRBs) and Local Area Banks (LABs)

29. Expand ASBA:
Ans: Application Supported by Blocked Amount

30. Depositor Education and Awareness Fund (DEAF) is maintained with:
Ans: RBI

31. Cash Reserve Ratio (CRR) is the amount of funds that the banks have to keep with:
Ans: Central Bank (RBI)

32. What is the maximum amount per transaction NEFT limit for cash-based remittances to Nepal?
Ans: Rs. 50,000

33. What does CAR stands for?
Ans: Capital Adequacy Ratio

34. IFSC code consists of _____ alpha numeric code.
Ans: 11 digits
(The IFSC is an 11 digit alpha numeric code, with the first four digits identifying the bank, fifth is numeric (kept 0) and the last six digits represent the bank branch.)

35. When money is lent or borrowed for one day or on overnight basis it is known as:
Ans: Call Money

36. When money is lent or borrowed for between 2 days and 14 days it is known as:
Ans: Notice money

37. When money is lent or borrowed for a period of more than 14 days, it is known as:
Ans: Term money

38. Treasury Bills and Certificate of Deposit are considered as the ____instruments.
Ans: negotiable money market

39. Commercial Paper (CP) is an unsecured money market instrument issued in the form of a _____.
Ans: Promissory note.

40. What is the upper limit in Public Provident Fund?
Ans: Rs. 1.5 lakhs

41. As per RBI guidelines, with effect from April 1, 2012, the validity period of Cheques, Demand Drafts, Pay Orders and Banker's Cheques is _____.
Ans: 3 months

42. What is the time limit for an asset or loan to be declared as Non-Performing Asset?
Ans: 90 days

43. Deposit Insurance and Credit Guarantee Corporation (DICGC) does not cover:
Ans: Primary co-operative societies

44. RBI measure to liquidate the market:
Ans: Repo rate.

45. Full form of EFT:
Ans: Electronic Fund Transfer

46. Fastest mode of transaction:
Ans: RTGS

47. Alphanumeric code on cheque is known as:
Ans: Indian Financial System Code (IFSC)

48. Bank pays interest on savings account?
Ans: Daily Basis

49. What is the loan limit for education under priority sector for studies abroad?
Ans: Rs. 20 lakh
(Loans to individuals for educational purposes including vocational courses upto Rs.10 lakh for studies in India and Rs. 20 lakh for studies abroad are included under priority sector.)

50. RuPay Card is an Indian version of credit/debit card is launched by which organization:
Ans: NPCI (National Payments Corporation of India)

51. Fixed Deposit (FD)Account may be opened for a minimum period of:
Ans: 7 days

52. What is the minimum amount required to open a Fixed Deposit (FD)?
Ans: Rs.1000

53. The Banks has converted all ‘no - frills' accounts’ into:
Ans: Basic Savings Bank Deposit Accounts

54. 'Pradhan Mantri Jan Dhan Yojana' is a Scheme for:
Ans: Financial inclusion

55. How much overdraft facility to be provided in 'Pradhan Mantri Jan Dhan Yojana' scheme?
Ans: Rs. 5,000

56. In CBS, C stands for:
Ans: Core

57. In CRAR, A stands for:
Ans: Assets (Capital to Risk Weighted Assets Ratio)

58. IMPS - Immediate Payment Service is an interbank electronic instant mobile money transfer service through mobile phones in India, the facility is provided by:
Ans: NPCI (National Payment Corporation of India)

59. The Central Bank of India has adopted new measure of inflation:
Ans: Consumer Price Index (CPI)

60. When a cheque is torn into two or more pieces and presented for payment, such a cheque is called:
Ans: mutilated cheque

61. How much fee charged to file a complaint under Banking Ombudsman?
Ans: Banking Ombudsman does not charge any fee

62. Who is the appellate authority in Banking Ombusdsman?
Ans: Deputy Governor of RBI 63. If any customer is not satisfied by the decision of Banking Ombudsman, customer can appeal against the award before the appellate authority within how many days from the date of receipt?
Ans 30 days

63. ATMs or Cash Dispensing machine which are owned and operated by Non-Banking Financial Companies are called:
Ans: White Label ATMs.

64. RBI gave in-principle for Banking license to:
Ans: IDFC and Bandhan

65. Minimum capital requirement for new banks in private sector is:
Ans: Rs. 500 crore

66. A Non-Banking Financial Company (NBFC) is a company registered under the:
Ans: Companies Act, 1956

67. Minimum capital requirement for Non-Banking Financial Company (NBFC) is:
Ans: Rs. 500 crore

68. The NBFCs are allowed to accept/renew public deposits for a minimum period of:
Ans: 12 months ( and maximum period of 60 months)

69. A NBFCs cannot offer interest rates higher than the ceiling rate prescribed by RBI? What is the present ceiling?
Ans: 12.5 per cent per annum

70. Minimum capital requirement for Foreign banks that want to set up operations in India is:
 Ans: Rs. 500 crore

71. What is the minimum paid-up capital requirement of both small banks and payments banks in India?
Ans: Rs. 100 crore

72. Full form of NEFT: National Electronic Funds Transfer
RTGS: Real Time Gross Settlement.






" Jan Dhan Yojana -- beyond Fault Lines "
 
 

Time and again, RBI Governor Raghuram Rajan has been making scathing attacks on the Financial Inclusion in the land of poor. It was not long ago that we were called the land of snake charmers, but to change that image overnight would just be pushing ourselves beyound the "Fault Lines", a book aptly authored by the Governor himself.
 
Speaking at an IMF event in Lima on October 8, Rajan talked about how, beyond a point, financial inclusion, especially one led by a drive to make easy credit available for the poor and hitherto unbanked, can actually have a negative impact on the financial stability of the whole system. 
 
It is important to note that Rajan was the man who had predicted the Sub - prime crisis years before it actually took the financial giants like Lehman Brothers down while the unfallible Bank of America, Bear Stearns and Merrill Lynch were sold at fire-sale price and Goldman Sachs and Morgan Stanley became commercial banks. This eventually lead to a full blown global financial crisis in 2008.
 
Rajan's word of caution comes at a time when India is seeing a massive campaign for financial inclusion in the form of the Jan Dhan Yojana, under which over 18.5 crore new bank accounts have been opened in the past one year. Each of these accounts comes with an overdraft facility of Rs 5,000 once the account remains active for six months. 
 
Although not speaking specifically about India, Rajan said ìÖmy sense is that, beyond a certain point, push becomes actually negative because you bring in people who arenít able to absorb credit.î The flip side of pushing financial inclusion is the supervisory capacity of the banks and lending institutions. There is evidence already that because of relaxed KYC norms, there is considerable duplication in the newly opened bank accounts.
 
Although Financial inclusion is an effective tool for raising economic growth and reducing inequality, but due consideration must also be given to the fact as to how too much push can hurt financial stability. The crisis in Indiaís microfinance sector around 2010 was a direct result of lax supervision and excessive lending to people who had no ability to invest the loans productively and repay.
 
The political economy of the credit-led financial inclusion makes it imperative for the policymakers to use cheap credit as a way to enhance the short-term consumption of voters, while ignoring investment in the real economy. In nutshell, it can be easily implied that such superficial efforts towards financial inclusion will not work in the long term unless there is adequate investment in the core sectors of the economy.



Chennai Airport Images shared by friend living in Chennai

one can visit at Google Chennai Flood Resource for more information









एक फिर पूरा भारत एकजुट हो के खड़ा है चेन्नई की प्रकृतिक आपदा के विरुद्ध



चेन्नई में बाढ़ के दौरान साफ पानी के लिए मस्जिद के दरवाजे सभी धर्मो के लोगो के लिए खोल दिए.......ये हैं असल भारत जिसे ख़त्म करने की कोशिश की जा रही हैं



Chennai rains: HDFC to waive off penalty on EMI delay in November
With heavy rains causing havoc in Chennai, top mortgage lender HDFC has decided to waive off any penalty on its home loan customers impacted by the rains for any delay in EMI payments for last month.
"HDFC has also decided to offer Quick Home Improvement Loans to all people whose properties have been impacted by the rains. There will be no processing fees on all such loans," HDFC Ltd Managing Director Renu Sud Karnad said.
This will be valid only for all loan applications submitted on or before December 31, 2015, subject to HDFC's norms and eligibility criteria.