Seven major banks of the country – SBI, Bank of Baroda, Canara Bank, Indian Bank, Central Bank of India, IDBI Bank and Federal Bank – have come up with a special scheme for their customers. All these banks are offering a special FD scheme of 444 days, in which the interest rate is ranging from 6.60% to 7.60%.

State Bank Of India

State Bank of India (SBI) runs a special FD scheme named “Amrit Vrishti” for its customers, which has a duration of 444 days. In this, people get interest at the rate of 6.85 percent. Senior citizens and super senior citizens get the benefit of 0.50 percent and 0.60 percent additional interest.

Bank Of Baroda

Bank of Baroda (BoB) runs a 444-day FD scheme called bob Square Drive Deposit Scheme for its customers, in which they get interest at the rate of 7 percent. Senior citizens and super senior citizens get the benefit of 0.50 percent and 0.60 percent additional interest.

Canara Bank

Canara Bank customers get 6.60 percent interest on FDs of 444 days. Senior citizen customers get 7.10 percent interest on this FD scheme.

Indian Bank

Indian Bank customers get 6.90 percent interest on 444 days FD scheme. Senior citizens also get reasonable profits.

Central Bank Of India

Central Bank of India customers get 7 percent interest on 444 days FD plan. Whereas, senior citizens get 7.60 percent interest.

IDBI Bank

IDBI customers get 7.1 percent interest on 444 days FD plan. Whereas, senior citizens get 7.50 percent interest.

Federal Bank

Federal Bank customers get 7 percent interest on FDs of 444 days. Senior citizen customers get 7.50 percent interest on this FD scheme.

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This penalty has been imposed on the bank for not following the instructions related to ‘Loans and Advances’ and ‘Consumer Protection’. The Reserve Bank of India (RBI) has taken strict action against the Central Bank of India. RBI has imposed a fine of crores of rupees on the Central Bank of India. This fine has been imposed on the bank for not following the instructions related to ‘Loans and Advances’ and ‘Consumer Protection’. This information has been given by the RBI.

According to the report, RBI has imposed a hefty fine of Rs 1.45 crore on the Central Bank of India. RBI had conducted a statutory inspection of the Central Bank of India for its supervisory evaluation (ISE 2022) with reference to its financial position as of March 31, 2022.

Also Read: Cheque bounce case: High Court’s new order regarding cheque bounce, no case will be made in such cases; know the details

Instructions not followed

This public sector bank was issued a notice asking it to explain why it should not be fined for failing to comply with the instructions. After considering the bank’s reply, RBI found that the allegations leveled against the bank were correct. The bank had sanctioned a working capital demand loan to a company in lieu of the amount received from the government in the form of subsidy. Along with this, the bank was also unable to deposit the amount involved in some unauthorized electronic transaction cases in the customers’ account within the stipulated time.

RBI took action

In another statement, RBI said that a fine of Rs 96.4 lakh has been imposed on Sonali Bank PLC for non-compliance of certain norms including KYC Direction, 2016. RBI said that the penalties imposed in both the cases are based on deficiencies in regulatory compliance and are not intended to pronounce upon the validity of any transaction or agreement entered into by the entities with their customers.

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The application process for this campaign is going on. Candidates can apply for this campaign till March 6. After the last date to apply for recruitment passes, candidates will not get the opportunity to apply.

Recruitment has been done by Central Bank of India (CBI) to fill 3000 vacant posts of apprenticeship. Candidates applying for recruitment must be graduates from a recognized university/institute. Candidates must have a certificate of passing graduation after 31st March 2020.

This is how the selection will be done

According to the notification, the candidates applying for this campaign will be selected through online written examination.

Salary

The candidates selected on these posts will be provided a salary of Rs 15 thousand per month.

This much fee will have to be paid

Candidates applying for this campaign will have to pay the application fee. General, OBC category candidates applying will have to pay a fee of Rs 800. Whereas, a fee of Rs 600 has been fixed for SC, ST EWS category. Whereas PH category candidates will have to pay a fee of Rs 400. All female candidates will have to pay Rs 600 as application fee.

Apply like this

Step 1: To apply for recruitment, candidates first visit the official website nats.education.gov.in.

Step 2: After this, candidates should register by clicking on the relevant link on the homepage.

Step 3: Now candidates click on the apply button.

Step 4: Then the candidate enters the required details.

Step 5: After this the candidates pay the application fee.

Step 6: Then the candidates submit the application form.

Step 7: Finally, candidates should download the application form and take a print out.

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113 year old public sector bank Central Bank of India has revised the interest rates on FDs of less than Rs 2 crore. After the revision of this interest rate, the bank is offering 3.5 percent to 7 percent interest to its regular customers on FDs ranging from 7 days to 10 years. The bank is giving interest ranging from 4% to 7.50% to senior citizen customers on FD of this period.

Central Bank of India is offering a maximum interest of 7% to its regular customers on FDs of two years to less than three years. Senior citizens will get maximum interest of 7.50%. According to the official website of the bank, these new rates have come into effect from January 10, 2024.

After this change in interest rates, the bank is giving 3.5 percent interest to its general customers on FD of 7 days to 14 days, 3.75 percent on FD of 15 days to 45 days and 4.50 percent on FD of 46 days. 4.75 percent interest will be available on FD of 60 days to 90 days. At the same time, the bank will give 5.50 percent interest on FD of 91 days to 179 days and 6 percent interest on FD of 180 to 270 days. The bank is now guaranteeing 6.25 percent returns on deposits maturing in 271-364 days.

At 6.75 percent, Central Bank of India is now offering the maximum interest on FDs with maturity of one year to less than two years. The bank is offering 7 percent interest on deposits between 2 to 3 years and 6.50 percent interest on deposits less than 3 to 5 years. The interest rate on deposits maturing in five to ten years is now 6.25 percent.

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Candidates having eighth pass or its equivalent qualification can apply for these recruitments. The special thing is that there is no concession or importance in the service of the bank for higher qualification. The application process can be done in online mode through the official website of Central Bank of India, centralbankofindia.co.in.

Let us tell you that the objective of this recruitment drive of Central Bank of India is to fill 484 Safai Karmachari cum Sub-Employee and/or Sub-Employee posts. This recruitment process is going to close today i.e. on 9th January. In such a situation, candidates willing and eligible to apply should register as soon as possible today. The age limit for application has been fixed at 18 to 26 years.

Application Fee

The application fee for Central Bank of India Recruitment 2024 has been set at ₹850 for all candidates. Whereas the application fee for SC/ST/PWBD/EXSM candidates has been fixed at ₹175.

Selection Process:

Selection of the applied candidates will be completely based on merit. The candidates who are finally selected will be given reservation as per the reservation policy and rules of the Government of India. The candidate will have to appear in an online examination conducted by IBPS and a local language examination conducted by the bank.

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A fine of Rs 84.50 lakh has been imposed on the Central Bank of India by the RBI. This penalty has been imposed on the bank by the RBI for non-compliance of certain provisions.

Because of this RBI imposed penalty

Releasing an information from the Reserve Bank of India (RBI), it has been said that due to non-compliance of the rules related to the transaction, this fine has been imposed on the Central Bank of India by the RBI . However, this decision will not have any bad effect on the customers. The services provided by the bank to the customers will continue as before.

Fine was imposed on 25 May

Due to non-adherence to certain guidelines laid down by the Reserve Bank of India (RBI) in the Reserve Bank of India (Fraud Classification and Reporting by Commercial Banks and Select Financial Institutions) Directions, 2016 dated May 25 and the ‘Master Circular’, the Central Bank of India has been fined. RBI has taken this action after examining the risk assessment report and inspection report of the bank. The RBI observed that the instructions given by the Central Bank of India were not followed.

RBI also imposed penalty on Canara Bank

Let us tell you that last week, RBI had also imposed a fine of Rs 2 crore on Canara Bank. At the same time, during the last 24 hours, RBI has imposed fine on four co-operative banks including one government. A total fine of Rs 44 lakh was imposed on the co-operative bank by the RBI. Chennai-based Tamil Nadu State Co-operative Bank has been fined Rs 16 lakh. Apart from this, fine has also been imposed on Bombay Mercantile Co-operative Bank, Pune-based Janata Sahakari Bank and Baran Nagrik Sahakari Bank in Baran, Rajasthan.

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Public sector bank Central Bank of India has increased interest rates to make its Fixed Deposits scheme attractive. The bank has increased the interest rates on fixed deposits of less than Rs 2 crore. Central Bank of India is offering interest ranging from 4% to 6.25% on FDs maturing in seven days to 10 years. At the same time, senior citizens are being given interest ranging from 4.50 per cent to 6.75 per cent on FD of the same period.

Interest on one year FD

The bank is offering a maximum interest rate of 6.75 percent to common people and 7.25 percent to senior citizens on FDs of more than one year and less than two years. The bank is offering 4 per cent interest on FDs maturing in seven to 14 days. FD maturing in 15 to 45 days will get interest at the rate of 4.50 per cent. The Central Bank of India is promising five percent interest on FDs of 91-179 days.

How much interest on 10 year FD?

The bank will pay interest at the rate of 5.50 per cent on deposits maturing in 180 to 364 days. The bank is offering an interest rate of 6.50 per cent on FDs of more than two years and less than three years. The bank is promising 6.25 per cent interest on deposits maturing in 3 years to 10 years. Apart from this, as an incentive, an additional interest of 0.50 percent per annum will be given on the deposits made by senior citizens above 60 years of age.

555 days special FD

Central Bank of India also runs special fixed deposit schemes of 444, 555 and 999 days. These schemes are available with callable and non-callable options. The bank is offering interest at the rate of seven per cent on deposits of 555 days and at the rate of 6.50 per cent on deposits of 999 days. While senior citizens will get interest at the rate of 7.50 percent and 7.00 percent respectively.

Repo rate has increased

The Reserve Bank of India has recently increased the repo rate by 25 basis points. Because of this loans have become expensive. However, the country’s private and public sector banks are increasing interest rates on fixed deposits. Private and government banks of the country are trying to make it more attractive by increasing the interest rates on FD.

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