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584 Views

what is the bank rate what are the effects of changes in bank rate

daniasufian2000 28th Dec, 2020
Hello...
Bank rate is the rate charged by the central bank for lending funds to commercial banks. Description: Bank rates influence lending rates of commercial banks. ... Base rate is the minimum rate set by the Reserve Bank of India below which banks are not allowed to lend to its customers.
Achangeinbank ratesmay trigger a rippleeffect, as itimpacts everysphere of a country's economy. For instance, stock markets prices tend to react to unexpectedinterest rate changes. Achangeinbank rates affectscustomers as it influences primeinterest ratesfor personal loans.

Hope this helps you..
Regards!
96 Views

what is bank rate ?what are the affect of hanged in bank rate

chandni deb 28th Dec, 2020

Dear Rajesh,

bank rate is the interest rate at which the Central Bank also known as the Reserve Bank of India (RBI) takes an amount of charges for lending funds to the commercial banks. Hence stating that bank rate is essentially the official rate at which the RBI offers loans and advances to the banks as well as other financial institutions.

The effect of hanged in bank rate are :-

this causes a ripple effect since it directly impacts almost every sphere of the country's economy.

38 Views

i have to go for UP mop up round counselling but i didnt have demand draft becoz bank is close what should i do

Abir Gayen 26th Dec, 2020

Hi Aspirant,

I would request you to check properly once again since bank is open these days and also supporting several transactions including DD.So you can easily make one in your nearest bank and participate UP mop up round.All the actions of the bank has been normalized long ago and is making DD.I have also submitted my college fees using DD from bank recently.

Hope it helps!!

351 Views

SSC ,BANK PO OR IPMAT which one is better??

darshita 25th Dec, 2020

Hello,

The two reputed and stable jobs in India are SSC and banking.The Staff Selection Commission (SSC) conducts the Combined Graduate Level (CGL) exam to shortlist aspirants for recruitment in various posts available in the ministries and departments of Government of India.

Whereas The State Bank of India (SBI) and Institute of Banking Personnel Selection (IBPS) conduct exams to recruit eligible candidates for the post of Probationary Officer (PO).

  • Reasoning of Bank PO exams is tougher as compared to SSC CGL exam.

Bank PO professional jobs include:

Handling cash activities

Providing service to customers whereas

Job responsibilities of a candidate recruited through SSC CGL exam include:

General administration

Filing work

Carry out inspections, raids, etc.

Ipmat is easiest among the two above and admission is quite easy too.

Lastly SSC is the better option than others because if job security and is paid well too.

Hope this helps!!


61 Views

Up scholarship btech me bank account me 18 se age kam hone par kya joint account hona jaruri hai

Karam Vir 24th Dec, 2020

Hi,

On a general note, almost all the leading banks in the country allows children below the age of 18 years to open a minor account in the bank. Minor account is opened jointly with the parents and can be further amended once the child reaches the age of 18 years.

30 Views

i got 49% in bsc am i eligible for bank po?

pdwords Student Expert 24th Dec, 2020

Hello,

There is no specific aggregate requirement for SBI PO or even IBPS PO, you just need to pass graduation in any stream from a recognized university, you can also appear for the post of Clerk/Assistant, even in insurance exams for the post of AAO there is no specific aggregate requirement, only in case you want to appear for NABARD Grade B Officer or RBI Assistant there is requirement of 50% aggregate in graduation, and in case of RBI Grade B Officer you need to have 60% at 10th, 12th and graduation.

33 Views

There was no seat alloted in spot round counseling and bank details are also not filled during the period of 8-10 December.. Can refund my spot round fee (20000) in same bank account. Plz give me suggestion

ayanmukherjee045 23rd Dec, 2020

Dear aspirant,

According to your question and taking into consideration that you want to know about the refund of 20000 which you paid at the time of spot round and considering you haven't alloted any seat in that round.

If you are not alloted any seat in that round then definitely your fees would be refunded.

If you can tell me the name of college and counselling you have taken part then i can tell you in a more detailed manner.

But for sure your fees would be refunded.

76 Views

which books good for bank exam

suprava.65 22nd Dec, 2020

Dear Aspirant

Here are all the books that you can refer to for Bank exams

. Comprehensive guide to IBPS - CWE Bank PO/MT Prelim + Main exam by Disha Publications

. Quantitative Aptitude for Competitive Examinations By RS Aggrawal

. Fast Track Objective Arithmetic by Rajesh Verma

. Magical Book on Quicker Maths by M Tyra

. Modern approach to Verbal and Non Verbal Reasoning

. Analytical Reasoning by MK Pandey

. High school English Grammar & Composition by Wren & Martin

. Better English by Norman Lewis

.Banking Awarenesss: The complete book for IBPS Bank Po and clerk Examination

Apart from that make a habit of reading newspaper daily it will help in you current affairs section.

All the Best

624 Views

i filled ssc chsl 2020 form and i have done payment by offline mode..bank gave mi SBI journal code...when i go on website to check payment status...it always show payment failure ... i wait for 7 to 8 days...but it still show payment failure..what i do now..? and what to do about SBI jornal code?

Manidipa Kundu Student Expert 29th Dec, 2020

hi,

I suggest you to keep the journal code, because this is the proof of your payment. again try the website from others browser like mozila firefox. if it same immediately contact with ssc helpdesk number. there is separate contact information is available as regional wise. you may check the below link to know in details:

https://ssc.nic.in/SSCFileServer/PortalManagement/UploadedFiles/Notice_chsl_06112020.pdf

151 Views

I have completed my graduation in bsc fashion design..am I eligible for bank po exam?

Ayush 15th Dec, 2020

Hi Candidate,

I'm going to mention the Eligibility criteria for appearing in the Bank PO exams-

1. The Candidate should have a graduation degree from a recognised university.

2. A candidate must be 21-30 years of age while applying for Bank PO Examination.

3. Age relaxation of 5 years is given to candidates belonging to SC and ST and for the OBC categories are given an age relaxation of 3 years.

Hope that this answer helps you.

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