On the basis of CPI data announced by the Govt for the months of Oct'24 to Dec'254 DA payable for the period Feb'25 to Apr'25 is 21.20% as per 12th BPS.
DA increased for Bank Employees and Pensioners from Feb-2025, Complete Chart
SBI Concurrent Auditor Recruitment 2025 Notification Released for 1194 Posts
State Bank of India(SBI) Bank Concurrent Auditor Recruitment 2025: 1,194 concurrent auditor posts are being filled on a contractual basis by the State Bank of India (SBI). On February 18, 2025, the official announcement for the SBI Concurrent Auditor Recruitment 2025 was released. Applications can be submitted online between February 18, 2025, and March 15, 2025.
Important Dates
- Apply Online Start Date : 18 February 2025
- Last Date to Apply : 15 March 2025
- Interview Date: To be released
Application Fee
- Gen / OBC / EWS : Rs. 0/-
- SC / ST / PH : Rs. 0/-
- Mode of Payment : Not Applicable
SBI Bank Concurrent Auditor Recruitment 2025 Age Limit
- Minimum Age : Na
- Maximum Age : 65 Years
- Age Limit as on 18/02/2025
- The age relaxation will be given as per the rules.
Educational Qualification
| Post Name | Qualification | |||||||||||
| Concurrent Auditor | Retired Bank Person as MMGS-III, SMGS-IV/V & TEGS-V Officer. Please check notification PDF for more details. | |||||||||||
SBI Bank Concurrent Auditor Recruitment 2025 Vacancy Details
| Post Name | Vacancy | |||||||||||
| Concurrent Auditor | 1194 | |||||||||||
SBI Bank Concurrent Auditor Recruitment 2025 Selection Process
The SBI Bank Concurrent Auditor Recruitment 2025 selection process includes the following stages:
- Shortlisting
- Interview
- Document Verification
- Medical Examination
How to Apply for SBI Bank Concurrent Auditor Recruitment 2025
To apply for the SBI Concurrent Auditor Recruitment 2025, follow these steps:
- Visit the official SBI careers website.
- Register and complete the online application form.
- Upload the necessary documents, including a photograph, signature, and ID proof.
- Submit the application form before the deadline.
Notification PDF - Click Here |
Apply Online - Click Here |
Official Website - Click Here |
Attack on Cashier of BOI, Police arrested one accused
Manoj Kumar Singh, a cashier at the Bank of India, was attacked by three unidentified attackers on his way home from work on Saturday in Arwal, in a startling occurrence.
The victim had stopped to purchase kabab paratha for his kids at a trisection near the Sandi police station when the incident occurred.
Three young people brandishing sticks reportedly attacked Antwa village resident Manoj Kumar Singh out of the blue.
He suffered severe injuries in the incident. Singh claimed that he did not know who had attacked him and that he had no personal grudges.
This incident has caused concern and panic among bank employees in the region, raising security concerns for those handling financial transactions. The police are investigating all possible angles and ensuring strict action against the culprits. More details about this incident will be released soon.
Government will sell stake in three PSU banks, why this situation came?
The central government can sell stake in three big public sector banks. These three banks are UCO Bank, Punjab and Sindh Bank and Indian Overseas Bank. The government has more than 95% stake in these, the rest is with public investors.
Let us tell you that as per the Minimum Public Shareholding (MPS) rules of SEBI, all listed companies should have at least 25% public shareholding. Keeping this in mind, the government has made a plan to sell its stake.
Live Mint news quoted sources as saying that depending on market conditions, the three banks may conduct multiple rounds of qualified institutional placement (QIP) in FY2026 to meet regulatory requirements.
The government has allowed public sector banks to explore equity dilution this year and time their market offerings strategically, a source said. The stake sale is expected to be between 5-10% of the paid-up equity capital this year.
SEBI gave time till August 2026 to public sector banks to comply with the rule. At the same time, Life Insurance Corporation of India (LIC) was given time till 16 May 2027 to reach 10% public shareholding.
By December 31, 2024, seven of the 12 public sector banks—State Bank of India, Punjab National Bank, Canara Bank, Bank of Baroda, Indian Bank, Union Bank of India and Bank of India—had fulfilled SEBI's MPS requirement.
Bank of Maharashtra and Central Bank of India have not yet taken steps to comply with the MPS rule. Let us tell you that the government has 93.08% stake in Central Bank of India, 79.60% in Bank of Maharashtra, 95.39% in UCO Bank, 98.25% in Punjab and Sindh Bank and 96.38% in Indian Overseas Bank.
BOI Chief Manager sent to 3 Years Jail in Loan Fraud Case
For his role in a bank fraud case, Jeevangine Srinivasa Rao (J.S. Rao), the former chief manager of Bank of India's SM Road Branch in Ahmedabad, was convicted to three years in prison and fined ₹1.5 lakh by a special CBI court in Ahmedabad.
On October 30, 2003, J.S. Rao and others were the subject of a case filed by the Central Bureau of Investigation (CBI).
According to the Prevention of Corruption Act, the lawsuit was founded on claims of criminal conspiracy, fraud, forgery of valuable security, and criminal misconduct.
The CBI claims that in order to obtain a loan, private participants in the conspiracy provided fictitious collateral security.
According to the investigation, J.S. Rao used dishonest methods to approve a loan of ₹80 lakh for private individuals.
Among the loans were:
As working capital,
₹30 lakh A Letter of Credit (LC) for ₹25 lakh As a term loan,
₹25 lakh These loans were made using fake and falsified collateral security,
which caused the bank to suffer an unjustified loss and the accused to profit illegally.
Additionally, the CBI discovered that Rao failed to properly investigate the business operations of the private entity both before and after the sanction.
Even though he was aware that the company had previously provided fictitious collateral security, he nevertheless approved more phony paperwork, including as an equitable mortgage for a Gandhinagar plot.
Know Maximum Limit and Rules, TDS Limit on FD Increased
For general (non-senior) individuals, the Union Budget 2025 has suggested raising the Tax Deduction at Source (TDS) cap on interest received from fixed deposits. Since it will enable them to save some money, this is good news for all Indian citizens.
The TDS limit on FD interest is now Rs. 40,000. The present Rs.40,000 limit will be increased to Rs.50,000 per fiscal year. The modifications will take effect on April 1, 2025. Let's now examine TDS and its regulations.
Understanding TDS on Fixed Deposits
Banks deduct TDS when the interest paid to an account holder exceeds a certain threshold in a financial year. This limit varies for senior citizens and general account holders. Currently, banks apply a 10% TDS rate on fixed deposit interest if the depositor’s PAN is available. If PAN details are missing, the rate increases to 20%.
Financial institutions or banks offering fixed deposit investment schemes are responsible for deducting TDS on interest income. The TDS deduction happens automatically at the end of each financial year when the interest is credited to the account, rather than at the time of maturity of the fixed deposit.
TDS Rules for Joint Fixed Deposit Accounts
For fixed deposits held in joint names, the primary account holder is responsible for TDS deductions. The second holder does not face any TDS liability related to the fixed deposit.
When is TDS Applicable?
TDS on fixed deposit interest is deducted only when the total interest earned exceeds the specified threshold in a financial year.
The bank or financial institution holding the fixed deposit is responsible for deducting the applicable TDS.
If the depositor has submitted Form 15G (for non-senior citizens) or Form 15H (for senior citizens), TDS will not be deducted, provided the total income is below the taxable limit.
With the new TDS threshold increase, general citizens will be able to earn up to Rs.50,000 in interest from fixed deposits without facing TDS deductions from April 2025 onwards. This move is expected to benefit small investors and fixed deposit holders by reducing their tax burden.
Punjab and Sind Bank Recruitment for 110 Local Bank Officer (LBO)
Punjab & Sind Bank has officially released the notification for the recruitment of Local Bank Officer (LBO) posts. A total of 110 vacancies are available under the Punjab & Sind Bank LBO Recruitment 2025. The notification was issued on February 7, 2025, and the online application process will be open from February 7 to February 28, 2025.
Important Date
- Apply Online Start Date: 7 February 2025
- Last Date to Apply: 28 February 2025
- Last Date for Fee Payment: 28 February 2025
- Exam Date: To be released
Application Fee
- General/ OBC/ EWS: Rs. 850/-
- SC/ ST/ PWD: Rs. 100/-
- Mode of Payment: Online
Age Limit
- Minimum Age: 20 Years
- Maximum Age: 30 Years
- Age Limit as on 01/02/2025
- The age relaxation will be given as per the rules.
Educational Qualification
| Post Name | Qualification |
| Local Bank Officer | Graduation + Knowledge of Local Language+ 18 Month Exp. in Officer Cadre in any Public Sector Bank/Regional Rural Bank |
Selection Process
The Punjab & Sind Bank LBO Recruitment 2025 selection process includes the following stages:
- Written Exam
- Personal Interview
- Local Language Test
- Document Verification
- Medical Examination
Exam Pattern
| Subject | Questions | Marks | Duration |
| English Language | 30 | 30 | 30 Mins |
| Banking Knowledge | 40 | 40 | 40 Mins |
| Banking Awareness / Economy | 30 | 30 | 30 Mins |
| Computer Aptitude | 20 | 20 | 20 Mins |
| Total | 120 | 120 | 02 Hours |
Notification PDF |
Apply Online |
Bank of Maharashtra Recruitment For 172 Managerial Positions
Applications are being accepted for managerial posts at Bank of Maharashtra. Candidates that meet the requirements can apply on the official website. The goal of this hiring campaign is to cover 172 open positions within the company. The registration period will end on February 17, 2025, having started on January 29.
Eligibility Criteria
Candidates can check the detailed notification for information on educational qualifications and age limits.
Selection Process
A written exam, if necessary, and a face-to-face interview or discussion are part of the selection process. To create a shortlist of applicants, the bank may perform an initial screening of applications based on the qualifications, suitability, and experience of the individuals.
The ultimate choice will be determined by the score earned during the 100-point personal interview or discussion. applicants must receive at least 50 points (45 for SC, ST, and PwBD applicants) in order to be eligible.
If more than one applicant meets the cutoff score, they will be arranged according to age. Depending on the volume of applications submitted, the bank retains the right to alter the selection procedure.
Application Fee
- UR/EWS/OBC: Rs 1,180
- SC/ST/PwBD: Rs 118
The fee can be paid online.
Emoluments: Presently, the starting basic pay applicable is as under:
- Scale 7- 156500 - 4340/4 - 1,73,860
- Scale 6- 1,40,500 - 4000/4 - 1,56,500
- Scale 5- 1,20,940 - 3,360/2 - 1,27,660 - 3680/2 - 1,35020
- Scale 4 1,02,300 - 2980/4 - 1,14,220 - 3,360/2 - 1,20,940
- Scale 3 8,59,20 - 2,680/5 - 99,320 - 2,980/2 - 1,05,280
- Scale 2 64,820 - 2,340/1 - 67,160 - 2,680/10 - 9,3960
