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DA for state employees raised to 100%

state government employees. Currently, state employees get 90% of the basic pay as DA, with this 10% hike, it will now be 100% of the basic.It will benefit nearly 7 lakh employees and 3 lakh pensioners. The hike would be retrospective from January 1, 2014. It would be paid in cash from March, 2014. The arrears from January 1, 2014 to February 28, 2014 would be credited in the GPF accounts of the employees...
Source : Times Of India |
Category : City | City : Raipur

State first to put GPF details online

Government employees in the state will now be able to find out about the status of theirWith the accountant general (AG) Odisha launching the e-statement facility of GPF under which employees in the state can also get information of their GPF accounts through SMS on their mobile phones, Odisha becomes the first state in the country to have either of these facilities.The system has been launched on...
Source : Times Of India |
Category : City | City : Bhubaneswar

Savers could use current accounts for nest eggs and double their returns

Savers who do not have an old account paying a competitive interest rate could consider using a current account for savings.As The Mail on Sunday revealed in August, people who want to build a nest egg could be better off leaving money in their bank current account as many pay higher rates than their savings counterparts.Current accounts pay an average of 1.19 per cent credit interest, according to...
Source : dailymail |
Category : Business

Backlash on rip-off fee-paying bank accounts: Thousands of customers complain over claims they were

Backlash on rip-off fee-paying bank accounts: Thousands of customers claim they were widely mis-soldBacklash: Account holders are outraged to discover they have been paying up to £300 a year for perksBanks are suffering a customer backlash over claims they widely mis-sold fee-paying packaged accounts, official figures reveal today.There have been thousands of complaints from account holders who say...
Source : dailymail |
Category : International

I paid in £550 cash at the counter but First Direct can't trace the money

First Direct can't find £550 cash I paid in and credited my £1,200 in the wrong account - but is now threatening me with court actionBranch problems: Always check your receipt when you pay cash in over the counterI have a First Direct account. I paid in £550 cash at the Aberystwyth branch of HSBC to pay my credit card account, as I do every month. When my Visa statement arrived, the amount had not...
Source : dailymail |
Category : Business

IG, BSF visits Nagaland to review security scenario

Inspector General of BSF, Mizoram and Cachar, Bhola Nath Sharma, paid a visit to 111 Battalion of BSF stationed at Satakha under Zunheboto district to review the security scenario on Friday last. According to a press release from BSF today informed Mr. Sharma was accompanied by DIG BSF, Mizoram and Cachar, Satish Budakoti. On his arrival, he met ex. RGN and appreciated the contribution made by them...
Source : Webindia123 |
Category : Headlines

Savers can earn more in easy-access accounts in branches than on the web

can now earn more in easy-access accounts in branches than over the internet.Traditionally banks and building societies pay higher rates to those with online accounts.They argue their costs are lower on these accounts because they do not have to pay for an expensive branch network.But following savage rate cuts, branch-based accounts have come out on top for savers opening an account. Britannia Select...
Source : dailymail |
Category : Business

Lloyds to sell paid-for bank accounts in branches once more

Lloyds to sell paid-for bank accounts in branches once more - but only after cutting sales incentives that risked mis-sellingLloyds Bank will begin selling paid-for bank accounts inside branches again from January - but only after removing sales incentives amid concerns the accounts could have been mis-sold.The bank confirmed the accounts would go on sale in the 'coming months', having been pulled...
Source : dailymail |
Category : Business

Forgotten savings accounts are now more alluring than their young rivals - but they aren't available

old account pays 1.75%': Forgotten savings accounts are now more alluring than their young rivals - but they aren't available to everyoneTens of thousands of people struggling to find a competitive savings rate could be better off topping up a forgotten savings account instead of searching for a new deal.Savers should dust down their passbooks as, surprisingly, many of these old accounts now pay a...
Source : dailymail |
Category : Business

Woman jailed, fined $30k for opening bank account for loan shark

AMSHE helped open a bank account for a loan shark and yesterday she paid the price for it.    ...
Source : Straits Times |
Category : International