Schedule of JAIIB and CAIIB 2018

Dear All,

IIBF first time announce the schedule of JAIIB/CAIIB examination for both May/June 2018 and Nov/December 2018.

IIBF changes the following two major changes from Nov/Dec examination 2017 onward:-

1. Candidate have option to choose venue and time slot of his/her choice for each subject as per their preference on first-cum-first-serve basis

2. Institute will now collect examination fee for each attempt separately from the candidates. Therefore, candidates have to register for each attempt separately.

Here is the time schedule of JAIIB will be held on May 2018

JAIIB/DB & F for May 2018

Subject	Examination Date
Principal & Practice of Banking	06-05-2018 / Sunday
Accounts & Finance for bankers	13-05-2018 / Sunday
Legal & Regulatory Aspect of Banking	20-05-2018 / Sunday

REGULAR OPEN PERIOD FOR REGISTRATION (02-03-2018 TO 27-03-2018)

With Normal Examination fees

EXTENDED PERIOD FOR REGISTRATION (28-03-2018 TO 31-03-2018)

With Normal Examination fees plus LATE FEES of Rs 200/- (Plus taxes as applicable)

CLICK ON FOR ONLINE APPLY

Here is the time schedule of JAIIB will be held on Nov 2018

JAIIB/DB & F for Nov 2018

Subject	Examination Date
Principal & Practice of Banking	04-11-2018 / Sunday
Accounts & Finance for bankers	11-11-2018 / Sunday
Legal & Regulatory Aspect of Banking	18-11-2018 / Sunday

REGULAR OPEN PERIOD FOR REGISTRATION (05-09-2018 TO 05-10-2018)

With Normal Examination fees

EXTENDED PERIOD FOR REGISTRATION (06-10-2018 TO 08-10-2018)

With Normal Examination fees plus LATE FEES of Rs 200/- (Plus taxes as applicable)

EXAM	ATTEMPTS	FEE* (For Member)
JAIIB	First	2400*
	Second	1000*
	Third	1000*
	Fourth	1000*

*Plus GST as applicable.

At the same time it also the announce the schedule of CAIIB.

Here is the time schedule of CAIIB will be held on June 2018

CAIIB /CAIIB Electives for Jun 2018

Subject	Examination Date
Advance Bank Management	03-06-2018 / Sunday
Bank Finance Management	10-06-2018 / Sunday
Corporate Banking	17-06-2018 / Sunday
Rural Banking
International Banking
Co-operative Banking
Financial Advising
Human Resource Management
Informational Technology
Risk Management
Central Banking
Treasury Banking

REGULAR OPEN PERIOD FOR REGISTRATION (04-04-2018 TO 04-05-2018

With Normal Examination fees

EXTENDED PERIOD FOR REGISTRATION (05-05-2018 TO 07-05-2018)

With Normal Examination fees plus LATE FEES of Rs 200/- (Plus taxes as applicable)

Here is the time schedule of CAIIB will be held on Dec 2018

CAIIB /CAIIB Electives for Dec 2018

Subject	Examination Date
Advance Bank Management	02-12-2018 / Sunday
Bank Finance Management	09-12-2018 / Sunday
Corporate Banking	16-12-2018 / Sunday
Rural Banking
International Banking
Co-operative Banking
Financial Advising
Human Resource Management
Informational Technology
Risk Management
Central Banking
Treasury Banking

REGULAR OPEN PERIOD FOR REGISTRATION (03-10-2018 TO 02-11-2018

With Normal Examination fees

EXTENDED PERIOD FOR REGISTRATION (03-11-2018 TO 05-11-2018)

With Normal Examination fees plus LATE FEES of Rs 200/- (Plus taxes as applicable)

EXAM	ATTEMPTS	FEE* (For Member)
CAIIB	First	2700*
	Second	1000*
	Third	1000*
	Fourth	1000*

*Plus GST as applicable.

For details, click on  IIBF official site.

Thanks...!!!

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National Pension System

National Pension System (NPS) is an easily accessible, low cost, tax-efficient, flexible and portable retirement saving scheme. NPS is designed on contribution basis wherein the subscriber contributes to his own retirement account. The benefit subscribers ultimately receive depends on the amount of contribution, the returns made on the contributions and the period of contributions.

Contribution + Investment Growth – Charges = Accumulated Pension Wealth

(individual contribution)

Who are eligible to open NPS account?

Any citizen of India – Resident or Non-resident, in the age group of 18 to 60 years can open NPS account.

What are the feature of NPS?

Ø  Every individual subscriber is issued a Permanent Retirement Account Number (PRAN) card which has 12 digit unique number.

Ø  Two Types of Sub-accounts under NPS

o   Tier- I account: - This is a permanent retirement account in which subscriber contributes for accumulation of pension wealth.

o   Tier – II account: - This is a voluntary saving facility available as an add-on to any Tier – I account holder. Subscribers will be free to withdraw their saving from this account whenever they wish.

Ø  Regulated : The fund are managed by Pension fund appointed and actively monitored and regulated by PFRDA, the Regulator set up through an Act of Parliament.

Ø  Portable and Technology Driven: On joining the NPS, a subscriber gets a Permanent Retirement Account Number (PRAN) to which all his/her contributions are credited and it is portable across geographies and employments. It being technology driven, subscribers can view their accounts online

Ø  24 X 7 X 365 Access: Riding on a highly efficient technological platform NPS provides online access to account to the subscribers. Subscribers can also access account through NPS mobile App.

Ø  Very Low Cost Structure: The investment cost is very low as compared to other investment products available to market.

Ø  Choice: Active choice/Auto choice:

o   Active choice - investment mix has to be chosen by the individual.

o   Auto choice -  investments will be made based on the age of account holders

Ø  Diversified Portfolio: Judicious mix of investment instruments and asset classes like equity (E), corporate Bond (C) Government Security (G) and Alternate Assest Class (A) ensures optimum returns on investment and have minimal impact on the impact on the returns on subscriber’s contributions even if there is a market downturn. The individual subscriber has a choice of selecting investment mix (E,C,G,A), as per his/her risk appetite. Two new life cycle funds LC 75 (Aggressive) and LC 25 (Non-Aggressive) deciding the equity portion of the investment have been introduced.

(Also Read: Public Provident Fund)

How and where to open NPS account ?

Account can be opened through:

1. e-NPS (NPS Online)

To make the account opening under NPS hassle free, facility has been developed where you can open NPS account online if you have

(i) Aadhaar Card, or

(ii) PAN card with account with internet banking facility in one of the  empanelled bank undertaking KYC verification online.

e-NPS Charge

For transaction through e-NPS, service charge of 0.5% of the contribution amount ad valorem, subject to minimum of Rs. 5/- and maximum of Rs. 5,000//- per transaction would be recovered from the subscribers. The service charges would be rounded off to the nearest rupee and services tax & cess thereupon on services charges would be on actual basis. Charges for all other intermediaries remain the same.

2. Points of presence

The account can be opened through any of the Point-of Presence (POPs) registered with PFRDA by submission of application form.

Contribution Requirement

Particular	Tier I	Tier II
Min Contribution at the time of account opening	Rs. 500/-	Rs. 1000/-
Min amount per contribution	Rs. 500/-	Rs. 500/-
Min Total contribution in the financial year	Rs. 1000/-	-
Min frequency of contribution ( no max limit)	1 per year	1 per year

Tax Benefits and Implications

Tax benefits are available on both employee and employer contributions. The employee can save tax on his own contribution [u/s 80 CCD (1) of IT Act] as well as the contribution made by employer [u/s 80 CCD(2)]

For employee, deduction from taxable income is available upto 10% of salary (Basic + DA) – u/s 80 CCD(1) of IT Act 1961, subject to overall ceiling of Rs. 1.50 Lakh u/s 80 CCE of IT Act 1961.

Additionally, if employer, is also contributing towards pension accounts of the employee, an additional deduction of 10% of salary (Basic + DA) is available to the employees u/s 80 CCD(2).

Furthermore, the employer can claim these contributions upto 10% of salary (Basic + DA) for each employee without any overall limit for all employees as a Business Expense u/s 36(1) iv of IT Act.

Additional Tax benefit

Subscriber is allowed extra tax deduction in addition to the deduction allowed under Sec. 80 CCD (1) for additional contribution in his NPS account subject to maximum of Rs. 50,000/- under sec. 80 CCD 1 (B) of IT Act, 1961.

Please visit www.pfrda.org.in / www.npstrust.org.in / www.enps.nsdl.com

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Banking law & Practice and Technology Question 24.12.17

Banking law & Practice and Technology Question Asked in “Clerical to Officer Promotion Examination ” held on 24-12-17 Based on memory

1. To know existing customer I d - FINDCUST

2. For statement of saving bank account - HPSP
3. Standing instruction in PPF - HPPFSI  
4. Stop payment instruction - HSPP
5. Change of no of instalments for the loan acnt - HLARA
6. TOD reports - HTODRP 
7. Balance certificate of all the accounts under one cust I'd - HCUSBALP
8. Review of loan /cc/od acnt - HACLHM
9. To know the maturity of rird - HDEPMOD
10. Update review date in cash credit acnt - HACLHM
11. To attaching collateral of stocks on cash credit hypothecation a/c – HCLM-HSCLM
12. Inquiry of paid / unpaid status of cheque book - HACHBI
13. To generate the list of potential dormant acnt - HPDRMNT
14. Closure of current a/c – HCAAC

15. Maximum time period for FCNR deposit – 5 Years
16. Menu for unfreeze a/c – HAFSM
17. For lien in a/c – HALM
18. How to obtain interest certificate – HINTCERT
19. Updation of PAN card – MRCR
20. Digit in TAN number – 10
21. Pre transaction limit in M-Connect + - Rs. 50,000
22. Mobile OTP activation – BARODA CONNECT
23. Facility not available in M-Connect + - MUTUAL FUND
24. Loan processing charge collecting menu – HLAFACR
25. In SMA “M” stands for - MENTION
26. Minimum age of minor for current a/c – 14 Years

27. MCLR stands for - Marginal Cost of funds based Lending Rate

……..continue

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How to correct an error “view restricted” in Finacle 10

In Finacle 10, when verification of Dormant account from DORMANT to ACTIVE done by officer having BH2 power, then its signature shows an  error “view restricted” and we are not able to view signature of that customer even it is active.

So these type of error would be corrected by Branch Head using following these step –

1. First we go – SVS

2. Then click on Box of – Perform Administration Activity

3. Then click on  – Maintain Account Status

 4. In Maintain Account Status, write the account number and change the status from Dormant to Reactive

Dormancy type* – Individual

A/c status* – Reactive

A/c ID – write a/c number

A/c Type –  N-Normal type

Then Submit as shown below

Now any one can see the signature details of that customer.


Thanks...!!!

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General Awarenes "Clerical to Officer Promotion"

General Awarenes Question Asked in Clerical to Officer Promotion 24.12.2017

1. Iron man - Sardar V Patel
2. US Open 2016 winner- Stan Wawrinka
3. Diabetes Day Theme - Healthy Future
4. Sagar Kawach - Odisha West bangal
5. Sai Praneeth - Batminton
6. Journalist refused Padmabhushan - Khushwant Singh
7. RRB sponsor - NCB
8. General theory of Equilibrium - Leon Walsas
9. No in Wolley ball Play - 06 player
10. Football half time – 45 min
11. Arjuna Award 2016 -  Lalita Babar
12. khel Ratna - Vishwanath Anand
13. Asian Bankers Summit - Mumbai
14. Gangakumari District - Jalore
15. Flying Sikh - Milkha Singh
16. Manushi Chillar belong - Haryana
17. First RBI governer - O Smith
18. Worthy customers - Prime lending rate.
19. Highest gallantry award - Paramveer chakra
20. Sports university tie up - Australia

Best Of Luck...!!!

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