Every 2nd and 4th Saturday of every month as public holiday for banks in India with effect from 1st September, 2015

Every 2nd and 4th Saturday of every month as public holiday for banks in India with effect from 1st September, 2015

Ministry of Finance issued orders and necessary gazette notifications regarding declaring every 2nd and 4th Saturday of every month as public holiday for banks in India with effect from 1st September, 2015

F.No.4/1/7/2015-IR

Government of India

Ministry of Finance

Department of Financial Services

Jeevan Deep, IIIrd Floor,

Parliament Street, New Delhi

Dated the August 20. 2015

To
1. Dy. Governor,
Reserve Bank of India.
Central Office,
Mumbai.

2. Chief Executive,
Indian Banks’ Association,
Mumbai.

Subject: Wage Negotiation between IBA Workmen Unions and Officers’ Association – 10th BPS – 2nd and 4th Saturday as Holidays

Sir,

I am directed to refer to IBA’s letter No. HR&IR/XBPS/3/975 dated 25th June, 2015 and RBI’s letter No.DBR(Leg.)No.953/09.04.022/2015-16 dated 15.7.2015 on the subject cited above and to enclose herewith a copy of the Notification(in English and in Hindi) regarding declaring every second and fourth Saturday of every month as public holiday for banks in India with effect from 1st September, 2015.

2. RBI and IBA are requested to take necessary action accordingly.

3. This issues with the approval of Competent Authority.

Encl. As above

Yours faithfully.

sd/-

(Manish Kumar)

Under Secretary to the Government of India

To be published in the Gazette of India, Extra ordinary, Part II, Section 3, Sub-section (II)

MINISTRY OF FINANCE

(DEPARTMENT OF FINANCIAL SERVICES)

NOTIFICATION

NEW DELHI, THE 20 AUGUST, 2015

S.O. – (E) In exercise of the powers conferred by section 25 of the Negotiable Instruments Act, 1881 (26 of 1881), the Central Government hereby declares the second and the fourth Saturday of every month as publlc holiday for banks in India, whether or not such banks are Included In the Second Schedule to the Reserve Bank of India Act, 1934 (2 of 1934), with effect from the 1st day September, 2015.

(F. No. 4/1/7/2015-IR]

sd/-

(Mohammad Mustafa)

Joint Secretary to the Government of India

To
The Manager,
Government of India Press,
Ring Road, Mayapuri,
New Delhi -110064.

Image Source: www.banknewskumar.blogspot.in

Jeevan Pramaan - Aadhaar based Digital Life Certification system for Pensioners

Aadhaar based Digital Life Certification system for Pensioners – Jeevan Pramaan
‘Jeevan Pramaan’, the Aadhaar-based Digital Life Certification system, for Pensioners

The Government has asked banks to achieve weekly targets set for the purpose of enabling “Jeevan Pramaan” – an “Aadhaar-based Digital Life Certification system for Pensioners so as to cover at least 50% in next 2-3 weeks. Pensioners can approach their paying branches with the PPO, Aadhaar card and bank pass book for trouble-free seeding of Pensioners’ Aadhaar number in their bank account.

Various steps are being taken by the Government to sensitize pensioners and bank branches to link up the Aadhaar number, PPO number and bank account number. All pension disbursing banks observed 1st to 7th August, 2015 as ‘Aadhaar Seeding Week for Pensioners.’ All through the week, priority was given to pensioners visiting the bank branches for seeding Aadhaar number in their bank account. Besides, five camps were organised from 13th to 17th July, 2015 at different locations covering Delhi, NOIDA and Faridabad to facilitate seeding of Aadhaar number in the bank accounts of pensioners. All banks participated in these camps. Facility was also provided by UIDAI for on-the-spot registration for Aadhaar numbers.

Conventionally, pensioners are required to give a Life Certificate to the pension disbursing authority in November, every year – either by presenting themselves before the Branch Manager or by means of a Certificate issued by a Gazetted Officer or other designated authorities.

The “Jeevan Pramaan” – an “Aadhaar-based Digital Life Certification system with an objective to facilitate on-line submission of Life Certificate by pensioners, was launched by the Prime Minister Shri Narendra Modi on 10th November, 2014. This facility is in addition to the other existing methods of submitting Life Certificates. It is hoped that all pensioners who have Aadhaar numbers will make use of this additional facility of biometric life certification.

With “Jeevan Pramaan” the pensioners and family pensioners need not visit the pension disbursing agency or Gazetted/designated authority for submission of Life Certificates. The Life Certificates may be submitted from personal computers and laptops at home or by visiting a conveniently located Common Service Centre or the nearest branch of any pension disbursing bank. There are about 55,000 branches of pension disbursing banks and 40,000 Common Service Centres throughout the country. Submission of Digital Life Certificate also ensures authenticity of pension payments.

How to get Digital Life Certificate through online ?

Web-Based Portal www.vidyalakshmi.co.in Launched for Students Seeking Educational Loans

www.vidyalakshmi.co.in Launched for Students Seeking Educational Loans

A Web-Based Portal VIZ. Vidya Lakshmi (www.vidyalakshmi.co.in) Launched for Students Seeking Educational Loans; First Portal of Its Kind Providing Single Window for Students to Access Information and Make Application for Educational Loans Provided by Banks as well as for Government Scholarships

A web-based portal viz. Vidya Lakshmi (www.vidyalakshmi.co.in) was launched on the occasion of Independence Day i.e. 15th August, 2015 for the benefit of students seeking Educational Loans. The Portal has been developed and maintained by NSDL e-Governance Infrastructure Limited (NSDL e-Gov) under the guidance of Department of Financial Services, Ministry of Finance, Department of Higher Education, Ministry of Human Resource Development and Indian Banks’ Association (IBA).

Earlier the Union Finance Minister Shri Arun Jaitley in the Union Budget for 2015-16 inter-alia had proposed to set-up a fully IT based Student Financial Aid Authority to administer and monitor Scholarship as well as Educational Loan Schemes, through the Pradhan Mantri Vidya Lakshmi Karyakram (PMVLK) to ensure that no student misses out on higher education for lack of funds. The launch of the aforesaid Portal is a first step towards achieving this objective,

Vidya Lakshmi Portal is a first of its kind portal providing single window for Students to access information and make application for Educational Loans provided by Banks as also Government Scholarships. The Portal has the following features:

· Information about Educational Loan Schemes of Banks;

· Common Educational Loan Application Form for Students;

· Facility to apply to multiple Banks for Educational Loans;

· Facility for Banks to download Students’ Loan Applications;

· Facility for Banks to upload loan processing status;

· Facility for Students to email grievances/queries relating to Educational

· Loans to Banks;

· Dashboard facility for Students to view status of their loan application and

· Linkage to National Scholarship Portal for information and application for

· Government Scholarships.

So far, 13 Banks have registered 22 Educational Loan Schemes on the Vidya Lakshmi Portal and 5 Banks viz; SBI, IDBI Bank, Bank of India, Canara Bank & Union Bank of India have integrated their system with the Portal for providing loan processing status to students. This initiative aims to bring on board all Banks providing Educational Loans. It is expected that students throughout the country will be benefited by this initiative of the Government by making available a single window for access to various Educational Loan Schemes of all Banks.