Competition ZENITH

Prime Minister Narendra Modi has announced three insurance and pension schemes for the social welfare. These are the latest burning topics in the current affairs sections. We can expect many questions out of these in the coming exams. So we have prepared a PDF for you so that you can download it eaisly and tie it up in your notes sections. CLICK HERE   to download the PDF

“Dear customer, XXX bank offers Pradhan Mantri Suraksha Bima Yojana, an accidental cover of Rs.2 lakh for annual premium amount of Rs.12. To enroll, SMS PMSBY <nominee name> Y to XXX from your registered mobile number. The premium amount will be debited from your bank savings account.” Did you recently get this message from your bank? If not, then you may soon get it. In his budget speech, finance minister Arun Jaitley said the government will launch two insurance products — Pradhan Mantri Suraksha Bima Yojna (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). “A large proportion of India’s population is without insurance of any kind, health, accidental or life. Worryingly, as our young population ages, it is also going to be pension-less. Encouraged by the success of the Pradhan Mantri Jan Dhan Yojana (PMJDY), I propose to work towards creating a universal social security system for all Indians that will ensure that no Indian citizen will have to worry about ...

Written by Competition Zenith Hello readers,  We have previously provided the salary structure for the Probationary officer in a PSU bank (Click Here) , now in continuation of that we are here providing the salary structure that a clerk gets in the banks. These are the figures that will comprise your inhand salary. Apart from these you will be entitled to other perks such as newspaper allowance, medical etc. They are not the part of your in hand salary. Current After 10 th Bipartite settlement Basic Pay 8000 12812 ( 60.15% of DA merged in basic) Dearness Allowance (@109.8%) 8784 5124 (40% of basic as remaining 60% merged in basic salary) 1908 (9.5% increase in final pay slip component) HRA (8.5% of basic) 680 1092 (8.5% of Basic)  Deductions (PF + tax + Union fund + benefit funds) ~  2044 2200 Total Salary (including HRA ) 15420 16828 ...

Written by - Competition Zenith Dear Readers, As many of you have cleared Bank PO and Bank So as well or going to write both the exams  next time. We must congratulate you in clearing two of the most elite bank exams in India. We know that it must be a matter of great confusion and concern that which job is good for you. So we have made a detailed analysis of both the jobs for you. with their pro and cons. It is now up to you to decide. Happy reading. Probationary Officer (PO)/Management Trainee (MT) A Probationary officer (PO) or a Management Trainee (MT) is the first level to enter the banking world. He or she reports to immediate seniors who evaluate his performance in the tasks assigned to him. Initially, a Probationary Officer can be assigned any work from a wide gamut of ongoing banking activities. Normally the probation period is of two years in which the officer is exposed to different types of banking related works. In some banks, the duration may be limi...

In Banking Exams, sometimes questions are asked regarding Banking Acts In India . Here, at Competition Zenith , we are providing you a lists of Acts/Laws being administered by Department of Financial Services . Serial Name of The Act Year 1. Negotiable Instrument Act 1881 2. The Bankers’ Book Evidence Act 1891 3. The Reserve Bank of Inda Act 1934 4. The Industrial Finance Corporation of India Act 1948 5. The Banking Companies (Legal Practitioner Clients’ Accounts ) Act 1949 6. The Industrial Disputes (Banking And Insurance Companies) Act 1949 7. The Banking Regulation (Companies) Rules 1949 8. The Banking Regulation Act 1949 9. The State Financial Corporations Act 1951 10. The Reserve Bank of India (Amendment And Misc. Provisions) Act 1953 11. The Industrial Dis...