SBI MCLR Rates, Base Rates, Interest Rates, Eligibility – May 2018

Current MCLR rate of SBI ranges from 7.80% to 8.35% varying by reset frequency of the loan. SBI revises MCLR rates on a monthly basis and benchmark its interest rates for home loan and other loans to MCLR rates of different tenor.

Compare Rates of Other Banks
Tenure wise MCLR SBI Rate Today
Overnight 7.80%
1 Month 7.80%
3 Month 7.85%
6 Month 8.00%
1 Year 8.15%
2 Year 8.25%
3 Year 8.35%
SBI Base Rate 8.70%

Base rate to be aligned to MCLR from 1st April 2018 – RBI in its monetary policy on 7th Feb 2018 has mandated that banks’ base rates be linked to MCLR rates. This will benefit SBI home loan and loan against property borrowers whose loans are linked to base rate. Any increase or decrease in SBI MCLR rates will now automatically be applicable to pre 2016 loans that are benchmarked to base rate. In its new monetary policy on 5th April 2018, RBI has kept repo rate unchanged at 6%.

Compare MCLR Base Rate Trend

SBI Interest Rates

SBI Interest Rates
Home Loan Interest Rates 8.35% * Floating Detail
Loan Against Property Rates 10.00% * Floating Detail
Personal Loan Interest Rates 12.50% to 16.60% Detail
Car Loan Interest Rates 9.05% to 9.10% Detail
Business Loan Interest Rates 11.20% to 16.30% Detail
Gold Loan Interest Rates 10.15% to 10.15% Detail
RD Interest Rates 5.75% to 6.75% Detail
Saving Account Interest Rates 3.50% to 4.00% Detail
Fixed Deposit Interest Rates 6.75% to 6.40% Detail

MCLR of SBI

SBI revises its MCLR rate on a monthly basis. Latest MCLR rates of SBI as announced on 01 May 2018 are:

  • Overnight MCLR Rate is 7.80%. The rate was last revised on 01 Feb 2018 to 7.80% from 7.70%
  • 1 Month MCLR Rate is 7.80%. The rate was last revised on 01 Nov 2017 to 7.80% from 7.85%
  • 3 Month MCLR Rate is 7.85%. The rate was last revised on 01 Nov 2017 to 7.85% from 7.90%
  • 6 Month MCLR Rate is 8.00%. The rate was last revised on 01 Feb 2018 to 8.00% from 7.90%
  • 1 Year MCLR Rate is 8.15%. The rate was last revised on 01 Feb 2018 to 8.15% from 7.95%
  • 2 Year MCLR Rate is 8.25%. The rate was last revised on 01 Feb 2018 to 8.25% from 8.05%
  • 3 Year MCLR Rate is 8.35%. The rate was last revised on 01 Feb 2018 to 8.35% from 8.10%

SBI MCLR Rate Trend

Date SBI MCLR
01st May 18 Overnight : 7.80%
1 Month : 7.80%
3 Month : 7.85%
6 Month : 8.00%
1 Year : 8.15%
2 Year : 8.25%
3 Year : 8.35%
01st Apr 18 Overnight : 7.80%
1 Month : 7.80%
3 Month : 7.85%
6 Month : 8.00%
1 Year : 8.15%
2 Year : 8.25%
3 Year : 8.35%
01st Mar 18 Overnight : 7.80%
1 Month : 7.80%
3 Month : 7.85%
6 Month : 8.00%
1 Year : 8.15%
2 Year : 8.25%
3 Year : 8.35%
01st Feb 18 Overnight : 7.80%
1 Month : 7.80%
3 Month : 7.85%
6 Month : 8.00%
1 Year : 8.15%
2 Year : 8.25%
3 Year : 8.35%
01st Jan 18 Overnight : 7.70%
1 Month : 7.80%
3 Month : 7.85%
6 Month : 7.90%
1 Year : 7.95%
2 Year : 8.05%
3 Year : 8.10%
01st Dec 17 Overnight : 7.70%
1 Month : 7.80%
3 Month : 7.85%
6 Month : 7.90%
1 Year : 7.95%
2 Year : 8.05%
3 Year : 8.10%
01st Nov 17 Overnight : 7.70%
1 Month : 7.80%
3 Month : 7.85%
6 Month : 7.90%
1 Year : 7.95%
2 Year : 8.05%
3 Year : 8.10%
01st Oct 17 Overnight : 7.75%
1 Month : 7.85%
3 Month : 7.90%
6 Month : 7.95%
1 Year : 8.00%
2 Year : 8.10%
3 Year : 8.15%
01st Sep 17 Overnight : 7.75%
1 Month : 7.85%
3 Month : 7.90%
6 Month : 7.95%
1 Year : 8.00%
2 Year : 8.10%
3 Year : 8.15%
01st Aug 17 Overnight : 7.75%
1 Month : 7.85%
3 Month : 7.90%
6 Month : 7.95%
1 Year : 8.00%
2 Year : 8.10%
3 Year : 8.15%
01st Jul 17 Overnight : 7.75%
1 Month : 7.85%
3 Month : 7.90%
6 Month : 7.95%
1 Year : 8.00%
2 Year : 8.10%
3 Year : 8.15%
01st Jun 17 Overnight : 7.75%
1 Month : 7.85%
3 Month : 7.90%
6 Month : 7.95%
1 Year : 8.00%
2 Year : 8.10%
3 Year : 8.15%
01st May 17 Overnight : 7.75%
1 Month : 7.85%
3 Month : 7.90%
6 Month : 7.95%
1 Year : 8.00%
2 Year : 8.10%
3 Year : 8.15%
01st Apr 17 Overnight : 7.75%
1 Month : 7.85%
3 Month : 7.90%
6 Month : 7.95%
1 Year : 8.00%
2 Year : 8.10%
3 Year : 8.15%
01st Mar 17 Overnight : 7.75%
1 Month : 7.85%
3 Month : 7.90%
6 Month : 7.95%
1 Year : 8.00%
2 Year : 8.10%
3 Year : 8.15%
01st Feb 17 Overnight : 7.75%
1 Month : 7.85%
3 Month : 7.90%
6 Month : 7.95%
1 Year : 8.00%
2 Year : 8.10%
3 Year : 8.15%
01st Jan 17 Overnight : 7.75%
1 Month : 7.85%
3 Month : 7.90%
6 Month : 7.95%
1 Year : 8.00%
2 Year : 8.10%
3 Year : 8.15%
01st Dec 16 Overnight : 8.65%
1 Month : 8.75%
3 Month : 8.80%
6 Month : 8.85%
1 Year : 8.90%
2 Year : 9.00%
3 Year : 9.05%
01st Nov 16 Overnight : 8.65%
1 Month : 8.75%
3 Month : 8.80%
6 Month : 8.85%
1 Year : 8.90%
2 Year : 9.00%
3 Year : 9.05%
01st Oct 16 Overnight : 8.65%
1 Month : 8.75%
3 Month : 8.80%
6 Month : 8.85%
1 Year : 8.90%
2 Year : 9.00%
3 Year : 9.05%
01st Sep 16 Overnight : 8.85%
1 Month : 8.95%
3 Month : 9.00%
6 Month : 9.05%
1 Year : 9.10%
2 Year : 9.20%
3 Year : 9.25%
01st Aug 16 Overnight : 8.85%
1 Month : 8.95%
3 Month : 9.00%
6 Month : 9.05%
1 Year : 9.10%
2 Year : 9.20%
3 Year : 9.25%
01st Jul 16 Overnight : 8.90%
1 Month : 9.00%
3 Month : 9.05%
6 Month : 9.10%
1 Year : 9.15%
2 Year : 9.25%
3 Year : 9.30%
01st Jun 16 Overnight : 8.90%
1 Month : 9.00%
3 Month : 9.05%
6 Month : 9.10%
1 Year : 9.15%
2 Year : 9.25%
3 Year : 9.30%
01st May 16 Overnight : 8.90%
1 Month : 9.00%
3 Month : 9.05%
6 Month : 9.10%
1 Year : 9.15%
2 Year : 9.25%
3 Year : 9.30%
  • Effective 1st April 2016, SBI has been directed by RBI to fix its loan interest rates benchmarked to MCLR rate which is based on its marginal cost of funds. Earlier, the bank fixed its loan interest rates to Base Rate, which was based on total cost of funds of the bank. SBI MCLR rates for different tenors range from 7.80% to 8.35%.
  • RBI allows banks to set their own MCLR Rate based on their marginal cost of funds which means the cost of raising new funds for the bank. So, SBI decides and announces its MCLR rate regularly based on prescribed formula and policy rate changes by RBI in its monetary policy.
  • Note that the RBI does not decide the MCLR Rate of any bank. RBI only announces the repo rate, which influences the cost of raising new funds for the bank. Banks may or may not decide to change their MCLR rate in response to changes in the repo rate. For instance, SBI may decide to bring a lower cut in their MCLR rate compared to a Repo Rate cut. If RBI cuts the repo rate by 50 basis points or 0.5%, SBI may decide to cut its 1 Year MCLR rate only by 0.25% based on its internal funding and liquidity position. Hence, it is important to compare the MCLR rate change of SBI with that of RBI Repo Rate and MCLR Rate changes of other banks before taking a decision to take a loan from SBI.
  • MCLR rate can be revised by SBI every month. However, it is not mandatory for SBI to revise its rate every month and it may choose to retain the same rate for a longer period keeping them unchanged.

SBI Home Loan Interest Rate and MCLR

  • Every floating rate loan sanctioned by SBI is benchmarked to its MCLR Rate for a particular tenure, say 1 month or 3 month or 6 months.
  • Shorter duration loans such as cash credit, OD facility, personal loans are linked to short tenure MCLR rate while longer duration loans such as home loan, loan against property, vehicle loan are linked to longer duration MCLR rates.
  • The applicable rate of interest on a floating rate loan will consist of two parts – the applicable benchmark rate and the spread or margin above the benchmark.
  • Your loan from SBI will be repriced periodically depending upon the tenure of the MCLR to which it is linked. SBI home loan rate is benchmarked to 1 Year MCLR Base Rate which will be repriced after 1 Year. Say, you take a loan from SBI at current 1 Year MCLR rate of 8.15% plus spread of 20 bps. So, the loan will initially be priced at 8.35%. Its next re-pricing will be done after 1 Year from now. If the 3 Month MCLR rate after 1 Year increases by 10 bps, the loan will be priced at 8.45% for the next period.

 

 

Source by:-myloancare

Fake voter ID cards: Parties point fingers at one another

voter id image

Cong committed many such sins: PM Modi
Referring to the voter ID cardsfound in a flat in RR Nagar, Prime Minister Narendra Modi expressed fears that Congressmay have created lakhs of fake voter ID cards to win this assembly election. “Beside these fake ID cards, a voter list containing lakhs of names was also found along with printers and computers. These belonged to those constituencies where voters strength is in lakhs. The impact of one lakh vote in a four lakh voter constituency is huge and the Congress was trying to do this. People must never forgive such a Congress government which is indulging in this kind of dangerous game of politics,” he said. Modi claimed two big steel boxes containing voter slips were also seized and said it is anybody’s guess how many such “paap” (sins) were committed by Congress. Union minister Prakash Javdekar demanded that the election commission“countermand” the RR Nagar polls. “The EC must ensure the owner of the building, Manjula Nanjamari, is arrested immediately and a detailed probe be undertaken,” he added. BJP spokesperson Sambit Patra claimed Manjula was a former BJP member and had nothing to do with the party now.

Probe Javadekar, Kumar role: Congress

Congress leader Randeep Singh Surjewala urged the EC to probe the role of Union ministers Prakash Javadekar and HN Ananth Kumar in the voter ID cards case. Describing the incident as a part of a concerted conspiracy by BJP to divert the attention of people, Surjewala urged the EC to file an FIR against BJP candidate from RR Nagar segment and also others involved in the fraud. Surjewala also said the EC should take note of Modi’s statement with regard to the voter ID cards. “It need to be examined as to how Modi has the knowledge of the entire issue and what is the role of BJP top leadership in the fraud,” he said.

JD(S) strongholds targeted: HD Kumaraswamy

JD(S) has lodged a request with the Election Commission to countermand RR Nagar election. Party spokesperson and MLC Ramesh Babu has claimed in the complaint that the incumbent MLA from the segment has 30,000 original and duplicate voter ID cards in his possession. Earlier, campaigning in Badami, party state president HD Kumaraswamy said that RR Nagar was not the only constituency seeing such large-scale fake voter ID cards and manipulations. “Wherever JD(S) is strong, such segments are witnessing manipulation. In Chamundeshwari, villages strongly in favour of JD(S) are being removed from the voters list in connivance with the returning officer. As many as 10,000 voters’ names from these villages have been deleted,” he said.

Source by:- timesofindia

LPG Price Slashed By Rs 100 In May, Claims Government

New Delhi: The Ministry of Petroleum and Natural Gas has stated that there has been a fall of around Rs 100 in the retail selling price of LPG (Liquefied Petroleum Gas) (non-subsidized price) at Delhi in the recent months.

The Ministry stated this in a statement after reports surfaced alleging the hike in LPG price in the recent months.

The Ministry clarified that the retail selling price of LPG (non-subsidised price) at Delhi has come down from Rs.747 in the month of December 2017 to Rs. 650.50 in the month of May 2018, which is a fall of Rs. 96.50.

It further asserted that the effective cost to the consumer after subsidy has also come down from Rs.495.69 in December 2017 to Rs.491.21 in May 2018.

Each house in the country is entitled to 12 LPG cylinders at subsidised rates in a year, which is called the subsidised LPG rates.

Requirements beyond that are to be purchased at market prices, which are known as non-subsidised LPG rates.

Source by:-mid-day

How to Know If your PAN Card Is Active Or Not

Government of India is taking strong steps towards eradicating fake Pan Cards in the country and now it is going to deactivate almost 11,44,211 PAN Cards by July 2018. It is an offense to carry more than one PAN number registered under his/her name.
Central Government has identified
several PAN cards registered under non-existing people who have given false information about themselves for PAN. Govt has released an official statement as ” The uniqueness of PAN is achieved by conducting a de-duplication check on all already existing allotted PAN against the data furnished by the new applicant. Under the existing system of PAN, only demographic data is captured”
Indian Citizen cannot hold more than one PAN. A penalty of Rs. 10,000 is liable to be imposed under section 272B of the Income-tax Act, 1961 for having more than one PAN. If a person has been allotted more than one PAN then he should immediately surrender the additional PAN card(s).
Government said it is important for everyone to check if their PAN CARD status is still active and has asked everyone to link their PAN Cards with the AADHAR Card before 31st Aug 2018.
How to Check your Pan Card Status – Steps here :-
  1. Log on to incometaxindiaefiling.gov.in
  2. In the Left-hand column, in the SERVICES tab click on ‘KNOW YOUR PAN’ option
  3. Once you click on the ‘know your pan’ option, it will land you in another page wherein you need to give your personal details- name, status, dob, contact nb
  4. You will receive an OTP on your mobile nb, you need to enter the OTP on the page you land to. Enter the OTP and hit ‘Validate’
  5. If there are more than one PAN cards registered with the details provided, you will see a pop message saying “There are multiple records for this query. Provide additional information.” Enter some more details such as your father’s name.
  6. If your PAN number is not duplicate, you will receive a message ACTIVE under Remarks column which means your PAN Card is still active.

 

Source by:-techiyogiz

Provident Fund Portal Hacked, 2.7 Crore People Face Data Theft

The personal and professional details of about 2.7 crore members registered with the retirement fund body Employees Provident Fund Organisation (EPFO) have been exposed to data theft.

In a letter to the Ministry of Electronics and Information Technology, the Central Provident Fund Commissioner has written that hackers have stolen data from the Aadhaar seeding portal of EPFO. He has also asked the ministry’s technical team to plug vulnerabilities on the portal aadhaar.epfoservices.com that has now been temporarily shut. The portal links the Aadhaar number of employees with their provident fund accounts.

In the letter marked “secret”, the commissioner wrote that the Intelligence Bureau (IB) had informed them of “hackers exploiting the vulnerabilities prevailing in the website (aadhaar.epfoservices.com) of EPFO.”

Details of the scale of the breach are not known but the website contains information like the names and addresses of EPF subscribers besides their employment history.

“Each person contributes 12% of salary as provident fund, so salary details could also have been stolen. Also the bank account numbers as people tend to withdraw their PF,” said cybersecurity expert Anand Venkatnarayan.

epf

Hackers exploiting vulnerabilities, EPFO commissioner wrote to the government

A total of 114 government websites were hacked between April 2017 and January 2018, the Ministry of Electronics and IT told Lok Sabha in March.

The head of the Computer Emergency Response team of the Ministry of Electronics and IT, when contacted by NDTV, remained unavailable.

The body that governs Aadhaar, UIDAI, has clarified that it has nothing to do with the alleged data breach from aadhaar.epfoservices.com. “This matter does not pertain at all to any Aadhaar data breach from UIDAI servers. There is absolutely no breach into Aadhaar database of UIDAI. Aadhaar data remains safe and secure,” it said.

Source by:-ndtv

AirAsia Announces New Flights, Offers Tickets From Rs. 3,555.

AirAsia has announced the introduction of direct flights from Amritsar to Kuala Lumpur at a starting one way all-inclusive price of Rs. 3,555 for the economy tickets. Under this promotional scheme, AirAsia is also offering premium flatbed flight tickets at a starting price of Rs. 9,555.  The last date to book tickets to avail AirAsia’s offer is today, i.e. Sunday.  Passengers willing to avail the offer must up hurry up and book the tickets today. The direct flights from Amritsar to Kuala Lumpur are commencing from August 16, 2018. The travel period of the offer ends on October 27, mentioned AirAsia on its official website- airsasia.com.

Under this offer, AirAsia is also offering connecting flights at a starting price of Rs. 5,910. AirAsia is offering flight tickets from Amritsar to Phnom Penh via Kuala Lumpur at Rs. 5,910. Also connecting flights on these routes are available at discounted rates: Amritsar-Kuala Lumpur-Kota Kinabalu at a starting price of Rs. 6,644, Amritsar-Kuala Lumpur-Brunei     at a starting price of Rs. 6283.00, Amritsar-Kuala Lumpur-Jakarta    at a starting price of Rs. 6,097,  Amritsar-Kuala Lumpur-Phuket at a starting price of Rs. 5,902). (Also read: AirAsia India’s Offer On Flight Tickets Starts At Rs. 1,699. Details Here)

AirAsia has also mentioned few terms and conditions which the customer must know in order to avail the offer. AirAsia’s new offer requires flyers to make advance bookings. According to the carrier, the discounted tickets are available only for online bookings at airline’s official website-airasia.com. Ticket fares include airport taxes (except for selected airports where airport tax is collected at the point of departure). Seats are also limited and may not be available on all flights. The offer is subject to availability and ‘AirAsia’s Terms and Conditions’.

 

 

Source by:-ndtv

Latest Offers From Airtel, Reliance Jio, Vodafone: Up To 90-Day Validity

Bharti Airtel offers many prepaid recharge plans ranging from 1 hour-validity to that of a year. However, some prepaid recharge plans are among its best-selling unlimited packs, with unlimited data, and unlimited calling benefits. These prepaid recharge plans are priced at Rs. 249, Rs. 448, Rs. 449, and Rs. 509. Intense competition in the telecom sector unleashed by rival Reliance Jio has also made Vodafone India offer prepaid recharge plans with similar data benefits. All these prepaid recharge plans from Airtel, Jio and Vodafone offer similar data and calling benefits. The prices of all these plans, however, vary.

Given below are four best-selling prepaid recharge plans of Airtel:

Airtel Rs. 249 prepaid recharge plan
This Airtel plan offers 2 GB or gigabytes of 3G/4G data per day, according to airtel.in. Local and STD calls and incoming and outgoing on roaming are unlimited. A total of 100 local/ national SMS (short message service) are offered every day. This prepaid recharge plan of Airtel is valid for 28 days.

Airtel Rs. 448 prepaid recharge plan
This Airtel plan offers 1.4 of 3G/4G data per day, said Airtel. Local and STD calls and incoming and outgoing on roaming are unlimited. Hundred local/national SMS are offered every day. This prepaid recharge plan of Airtel is valid for 82 days.

plans

(Some of Airtel’s prepaid recharge plans are among its best-selling unlimited packs, with unlimited data, and unlimited calling benefits.)

Airtel Rs. 449 prepaid recharge plan
This Airtel plan offers 2 GB 3G/4G data per day, according to Airtel’s website. Local and STD calls and incoming and outgoing on roaming are unlimited. A total of 100 local/national SMS are offered every day. This prepaid recharge plan of Airtel is valid for 82 days.

Airtel Rs. 509 prepaid recharge plan
This Airtel plan offers 1.4 GB 3G/4G data per day, according to airtel.in. Local and STD calls and incoming and outgoing on roaming are unlimited. Hundred local/national SMS are offered every day. This prepaid recharge plan of Airtel is valid for 90 days.

Given below are prepaid recharge plans of Reliance Jio with similar benefits

Reliance Jio has nine prepaid recharge plans that offer between 1.5 GB and 2 GB of data, according to jio.com.

Reliance Jio prepaid recharge plan of Rs. 149
This Jio prepaid recharge plan offers 1.5 GB high-speed data per day, after which internet speed gets reduced to 64 Kbps. The total data offered in this plan is 42 GB. Voice calls are unlimited and 100 SMS per day are bundled with this pack. This prepaid recharge plan of Jio is valid for 28 days.

Reliance Jio prepaid recharge plan of Rs. 198
This Jio prepaid recharge plan offers 2 GB high-speed data per day, after which internet speed gets reduced to 64 Kbps. The total data offered in this plan is 56 GB. Voice calls are unlimited and 100 SMS per day are bundled with this pack. This prepaid recharge plan of Jio is valid for 28 days.

Reliance Jio prepaid recharge plan of Rs. 255

plans

(The total data offered in this prepaid recharge plan of Jio is 102 GB.)

This prepaid recharge plan, known as the Jio cricket pack, offers 2 GB high-speed data per day, after which the internet speed gets reduced to 64 Kbps. The total data offered in this plan is 102 GB. Voice calls are unlimited and 100 SMS per day. This prepaid recharge plan of Jio is valid for 51 days. It can be used to access all internet content.

Reliance Jio prepaid recharge plan of Rs. 349
This Jio prepaid recharge plan offers 1.5 GB high-speed data per day, after which internet speed gets reduced to 64 Kbps. The total data offered in this plan is 105 GB. Voice calls are unlimited and 100 SMS per day are bundled with this pack. This prepaid recharge plan of Jio is valid for 70 days.

plans

(Reliance Jio has nine prepaid recharge plans that offer between 1.5 GB and 2 GB of data.)

Reliance Jio prepaid recharge plan of Rs. 398
This Jio prepaid recharge plan offers 2 GB high-speed data per day, after which internet speed gets reduced to 64 Kbps. The total data offered in this plan is 140 GB. Voice calls are unlimited and 100 SMS per day are bundled with this pack. This prepaid recharge plan of Jio is valid for 70 days.

Reliance Jio prepaid recharge plan of Rs. 399
This Jio prepaid recharge plan offers 1.5 GB high-speed data per day, after which internet speed gets reduced to 64 Kbps. The total data offered in this plan is 126 GB. Voice calls are unlimited and 100 SMS per day are bundled with this pack. This prepaid recharge plan of Jio is valid for 84 days.

Reliance Jio prepaid recharge plan of Rs. 448
This Jio prepaid recharge plan offers 2 GB high-speed data per day, after which internet speed gets reduced to 64 Kbps. The total data offered in this plan is 168 GB. Voice calls are unlimited and 100 SMS per day are also added with this pack. This prepaid recharge plan of Jio is valid for 84 days.

Reliance Jio prepaid recharge plan of Rs. 449
This Jio prepaid recharge plan offers 1.5 GB high-speed data per day, after which internet speed gets reduced to 64 Kbps. The total data offered in this plan is 136 GB. Voice calls are unlimited and 100 SMS per day are also added with this pack. This prepaid recharge plan of Jio is valid for 91 days.

Reliance Jio prepaid recharge plan of Rs. 498
This Jio prepaid recharge plan offers 2 GB high-speed data per day, after which internet speed gets reduced to 64 Kbps. The total data offered in this plan is 182 GB. Voice calls are unlimited and 100 SMS per day are also added with this pack. This prepaid recharge plan of Jio is valid for 91 days.

Given below are prepaid recharge plans of Vodafone with similar benefits

Vodafone offers unlimited calls and unlimited data in its SuperPlans range of prepaid recharge plans, according to vodafone.in. Vodafone offers three prepaid recharge plans with 1.4 GB data per day while one of its SuperPlans offers 2 GB data per day.

Vodafone prepaid recharge plan of Rs. 199
This Vodafone prepaid recharge plan offers 1.4 GB 3G/4G data per day. Local, STD and roaming calls within India are unlimited. Hundred SMS per day are bundled with this prepaid recharge plan. This Vodafone pack is valid for 28 days.

Vodafone prepaid recharge plan of Rs. 255
This Vodafone prepaid recharge plan offers 2 GB 3G/4G data per day. Local, STD and roaming calls within India are unlimited. Hundred SMS per day are bundled with this prepaid recharge plan. This Vodafone pack is valid for 28 days.

plans

Vodafone prepaid recharge plan of Rs. 458
This Vodafone prepaid recharge plan offers 1.4 GB 3G/4G data per day. Local, STD and roaming calls within India are unlimited. Hundred SMS per day are bundled with this prepaid recharge plan. This Vodafone pack is valid for 84 days.

Vodafone prepaid recharge plan of Rs. 509
This Vodafone prepaid recharge plan offers 1.4 GB 3G/4G data per day. Local, STD and roaming calls within India are unlimited. Hundred SMS per day are bundled with this prepaid recharge plan. This Vodafone pack is valid for 90 days.

Source by ndtv..

Pension Scheme PMVVY: Investment Limit Doubled, Now Get Rs. 10,000 Per Month Pension

The Union Cabinet, in a meeting chaired by Prime Minister Narendra Modi, on Wednesday approved the doubling of investment limit in Pradhan Mantri Vaya Vandan Yojana (PMVVY) to Rs. 15 lakh, from the current level of Rs. 7.5 lakh. This will help senior citizens earn a pension of up to Rs. 10,000 per month. The Cabinet also approved the time period for subscription of this scheme to March 31, 2020, from May 4, 2018. In Budget 2018, Finance Minister Arun Jatiley had proposed to increase the investment limit in PMVVY or Pradhan Mantri Vaya Vandana Yojana to Rs. 15 lakh. Financial planners say PMVVY offers more avenues to senior citizens to earn a steady regular income at times when fixed deposit interest rates are not that attractive.

Here are 10 things to know about new PMVVY (Pradhan Mantri Vaya Vandan Yojana) scheme:

9) The PMVVY scheme also allows for premature exit for treatment of any critical/terminal illness of self or spouse.

10) On such premature exit, 98 per cent of the purchase price will be refunded.

Source by:-ndtv

Over 23,000 bank fraud cases involving Rs 1 trillion in 5 years: RBI

Over 23,000 cases of fraud involving a staggering Rs one trillion have been reported in the past five years in various banks, according to the Reserve Bank of India (RBI).

A total of 5,152 cases of fraud, up from over 5,000 cases in 2016-17, were reported in banks from April 2017 to March 1, 2018, it said in reply to an RTI query filed by this correspondent.

The highest ever amount of Rs 28,459 crore is said to have been involved in these cases of fraud reported from April 2017 to March 1, 2018, the central bank said.

In 2016-17, banks had reported 5,076 cases of fraud involving Rs 23,933 crore.

From 2013 to March 1, 2018, as many as 23,866 cases of fraud, of Rs 100,000 or above in each case, were reported.

A total of more than Rs one trillion was involved in all the cases put together, according to the RTI reply.

Giving the break-up, the RBI said 4,693 such cases (involving Rs 18,698 crore) and 4,639 cases (involving Rs 19,455 crore) were reported in 2015-16 and 2014-15 respectively.

In 2013-14, banks reported 4,306 cases of fraud, involving Rs 10,170 crore, the central bank said.

“The reported fraud cases are processed and action is taken according to the facts and circumstances of individual cases,” the RBI said.

The data assumes significance as central investigating agencies such as the CBI and the ED are looking into various big-ticket fraud cases in banks involving industrialists and others.

Among the prominent ones is the over Rs 13,000-crore fraud in the Punjab National Bank (PNB) allegedly committed by diamantaire Nirav Modi and his uncle Mehul Choksi, the promoter of Gitanjali Gems.

The CBI had recently also booked top officials of two public sector banks, a former CMD of the IDBI Bank, former Aircel promoter C Sivasankaran, his son and companies controlled by him in connection with a Rs 600-crore loan fraud in the IDBI.

The CBI has named 15 bank officials who worked at senior levels at the IDBI in 2010 and 2014 when loans were sanctioned to the companies controlled by Sivasankaran in its FIR registered on a complaint from the Central Vigilance Commission.

Managing Director and CEO of Indian Bank Kishor Kharat (who was then MD and CEO of IDBI Bank) and his counterpart in Syndicate Bank Melwyn Rego (then Deputy Managing Director in IDBI Bank), along with then Chairman-cum-Managing Director of IDBI Bank M S Raghavan, have been named in the latest FIR filed by the CBI.

According to government data, the gross non-performing assets (NPAs) of all banks in the country, amounting to Rs 8,40,958 crore in December 2017, were led by industry loans followed by those in the services and agriculture sectors.

The highest amount of gross NPAs was for the country’s largest lender, the State Bank of India, at Rs 2,01,560 crore.

Among the others, the NPA for PNB stood at Rs 55,200 crore and for IDBI Bank, Rs 44,542 crore. Bank of India had NPAs worth Rs 43,474 crore; Bank of Baroda, Rs 41,649 crore; Union Bank of India, Rs 38,047 crore; Canara Bank, Rs 37,794 crore and ICICI Bank, Rs 33,849 crore, according to data presented by Minister of State for Finance Shiv Pratap Shukla in the Lok Sabha on March 9.

Source by:-standard

No more grace marks for medical students? Madras High Court slams practice

The Madras High Court has come down on the practice of awarding grace marks to medical students who fail to clear certain subjects.

Dismissing a petition filed by a third-year MBBS student of a private college in Puducherry, seeking grace marks to enable her to clear the ophthalmology paper, Justice S

Vaidyanathan, in a recent order, said citizens were taken for a ride by such practices.

If the students of ophthalmology were allowed to clear the paper with grace marks and if they were going to become doctors and perform surgeries, the patients would have to regain their eyesight only with the grace of the god, the judge said.

The petitioner, who had failed twice in the ophthalmology paper, had sought a direction to the Pondicherry University to grant her three grace marks to enable her clear it.

She had secured 29 marks in the theory paper, instead of the 32 required to pass.

Noting that up to five grace marks could be granted to a student as per the university rules, she had prayed for the relief.

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