New Savings Scheme 2018 Announced

New Savings Scheme 2018

Government announces New Savings Scheme 2018. Government of India has announced to launch of 7.75% Savings (Taxable) Bonds, 2018 commencing from 10th January 2018 to enable resident citizens/HUF to invest in a taxable bond, without any monetary ceiling.

The main features of the Bonds are:

(i) Who can invest: The Bonds are open to investment by individuals (including Joint Holdings) and Hindu Undivided Families. NRIs are not eligible for making investments in these Bonds.

(ii) Subscription: Applications for the Bonds in the form of Bond Ledger Account will be received in the designated branches of agency banks and SHCIL in all numbering about 1600.

(iii) Issue Price: The Bonds will be issued at par i.e. at Rs 100.00. The Bonds will be issued for a minimum amount of Rs 1,000 (face value) and in multiples thereof. Accordingly, the issue price, will be Rs 1,000 for every Rs 1,000 (Nominal). The Bonds will be issued in demat form (Bond Ledger Account) only.

(iv) Period: The Bonds will be on tap till further notice and issued in cumulative and non-cumulative forms.

(v) Limit of investment There will be no maximum limit for investment in the Bonds.

(vi) Tax treatment: Income-tax: Interest on the Bonds will be taxable under the Income-tax Act, 1961 as applicable according to the relevant tax status of the bond holder.
Wealth tax: The Bonds will be exempt from Wealth-tax under the Wealth Tax Act, 1957.

(vii) Maturity and rate of interest:
The Bonds will have a maturity of 7 years carrying interest at 7.75% per annum payable half- yearly. The cumulative value of Rs 1,000 at the end of seven years will be Rs 1,703

(viii) Transferability: The Bonds are not transferable.
The Bonds are not tradeable in the Secondary market and are not eligible as collateral for loans from banking institutions, non-banking financial companies or financial institutions.

(ix) Nomination: A sole holder or a sole surviving holder of a Bond, being an individual, can make a nomination

SBI Recruitment 2018 Specialist Cadre Officers

SBI Specialist Officer Recruitment 2018

SBI Recruitment 2018 registration for the post of Specialist Cadre Officers starts from 16th Jan 2018. State Bank of India, the largest bank in the Indian Banking Sector invites applications from eligible candidates for different posts. You should go through the eligibility criteria to ensure  that you satisfy the eligibility requirements specified by the bank to apply for the posts. Note that you can apply for more than one post under this recruitment project.

 

SBI Recruitment 2018 Vacancies

Sl.NoIncumbencyTotalGeneralOBCSCSTOHVIHI
1MMGS-III763820126111
2SMGS-IV4523127311
TOTAL1216132199221

 

Details of Vacancies for various posts in SBI

Vacancies in SBI
Post Sl No Post User Department Grade Vacancies Age as on 30.06.2017 Educational Qualification Years of Experience Post Qualification Experience Specific Skill Preference
Total GEN OBC SC ST OH HI VI Min Max
1 Manager(Credit Analyst) CAG MMGS-III 12 6 3 2 1 1 25 35 CA or MBA(2years Regular full time course)in Finance Min 5 years Experience in corporate/SME credit as an Executive in Supervisory/ Management role in a Schedule Commercial  Bank/Associate or Subsidiary of a Schedule Commercial Bank orIn a Public Sector or listed Financial Institution/Company. Experience in high value credit is a must. Experience   should   be    either in appraisal or maintenance functions.
2 Chief Manager(Credit Analyst) CAG SMGS-IV 6 2 3 1 25 38 Min 8 years
3 Manager(Credit Analyst MCG MMGS-III 16 8 4 3 1 1 25 35 CA or MBA(2years Regular full time course)in Finance Min 5 years Experience in corporate/SME credit as an Executive in Supervisory/ Management role in a Schedule Commercial  Bank/Associate or Subsidiary of a Schedule Commercial Bank orIn a Public Sector or listed Financial Institution/Company. Experience in high value credit is a must. Experience   should   be    either in appraisal or maintenance functions. Analysis of balance Sheet/ Appraisal of Credit Proposal, Credit Monitoring Required.
4 Chief Manager(Credit Analyst MCG SMGS-IV 24 10 7 5 2 1 1 25 38 Min 8 years
5 Manager (Asset Management) SARG MMGS-III 2 1 1 25 35 MBA(2years Regular full time course) Min 5 years Experience in corporate/SME credit as an Executive in Supervisory/ Management role in a Schedule Commercial  Bank/Associate or Subsidiary of a Schedule Commercial Bank orIn a Public Sector or listed Financial Institution/Company. Experience in high value credit is a must. Experience   should   be    either in appraisal or maintenance functions.Minimum 2 years of experience in Corporate/ SME Credit. Exposure in resolution of NPA required.
6 Chief Manager (Asset Management) SARG SMGS-IV 1 1 25 38 Min 8 years
7 Chief Manager (Business Development, Marketing & MIS Reporting) SMEBU

SMGS-IV

5 2 1 1 1 25 38 CA or MBA/PGDBM(2years Regular full time course) Min 8 years Experience in corporate/SME credit as an Executive in Supervisory/ Management role in a Schedule Commercial  Bank/Associate or Subsidiary of a Schedule Commercial Bank orIn a Public Sector or listed Financial Institution/Company. Experience should be in handling of SME credit
8 Manager (Business Development & Marketing) SMEBU MMGS- III 20 9 5 4 2 25 35 Min 5 years
9 Manager (Credit Analyst) SMEBU MMGS- III 5 2 1 1 1 25 35 Min 5 years
10

Manager (Credit Analyst)

IBG MMGS- III 2 1 1 25 35 CA/ICWA/ACS/MBA/PGDBM /any post graduation degree in Finance(2years Regular full time course)in Finance Min 5 years Experience in corporate/SME credit as an Executive in Supervisory/ Management role in a Schedule Commercial  Bank/Associate or Subsidiary of a Schedule Commercial Bank orIn a Public Sector or listed Financial Institution/Company. Experience should be in the relevant   field   of   specialization.
11 Chief Manager (Relationship & Syndications Management) IBG SMGS-IV 1 1 25 35 Min 8 years Good Marketing              and soft skills,

Understanding of long term credit appraisal process.

12 Manager (High Value Agri Business Development) ABU MMGS- III 4 2 1 1 25 35

MBA/PGDM or equivalent post- graduation degree in Rural Marketing/ Rural Management/ Post Graduate in Agriculture (2 years Full time Regular Course)

Min 5 years Experience as an Executive in Supervisory/ Management role in a Schedule Commercial  Bank/Associate or Subsidiary of a Schedule Commercial Bank or In a Public Sector or listed Financial Institution/Company. Experience should be in the relevant field i.e Agri Banking The candidate having experience in Agri Credit will be preferred.
13 Chief Manager (High Value Agri Business Development) ABU SMGS-IV 1 1 25 38 Min 8 years
14 Chief Manager (Debit Card Business) DB & NB SMGS-IV 1 1 25 38 MBA/ equivalent post graduation degree(2years Regular full time course) Min 8 years Experience as an Executive in Supervisory/ Management role in a Schedule Commercial  Bank/Associate or Subsidiary of a Schedule Commercial Bank or In a Public Sector or listed Financial Institution/Company. Experience should be in the field of handling debit card business or a card network or payment aggregrators. Preference    will    be    given  to candidate who possess experience in Debit Card Portfolio Management, Product Innovation, Card Activation Management etc
15 Manager (Merchant Acquiring Business) DB & NB MMGS- III 2 1 1 25 35 Min 5 years Experience as an Executive in Supervisory/ Management role in a Schedule Commercial  Bank.Experience should be in the field of  Merchant  Acquiring  business or A technology service provider for providing merchant acquiring business.
16 Chief Manager (Digital Banking) DB & NB SMGS-IV 1 1 25 38 Min 8 years Experience as an Executive in Supervisory/ Management role in a Schedule Commercial  Bank. Experience should be in the field of handling digital and other tech products or A card network or payment aggregators. Preference    will    be    given  to candidate who possess experience in handling the latest digital payment platform, channels and knowledge of UPI platform.
17

Manager(HNI Marketing & Publicity)

PBBU MMGS- III 1 1 25 35 MBA/ equivalent post graduation degree(2years Regular full time course) Min 5 years Experience as an Executive in Supervisory/ Management role in a Schedule Commercial  Bank/Associate or Subsidiary of a Schedule Commercial Bank or In a Public Sector or listed Financial Institution/Company.Experience should be in the relevant field of specialization. Marketing/Finance/IT
18 Chief Manager (Product Development & Management: Education Loan) PBBU SMGS-IV 1 1 25 38 Min 8 years
19 Chief Manager (Product Development & Management: CITU) PBBU SMGS-IV 1 1 25 38 MBA/ equivalent post graduation degree(2years Regular full time course) Min 8 years Experience as an Executive in Supervisory/ Management role in a Schedule Commercial  Bank/Associate or Subsidiary of a Schedule Commercial Bank or In a Public Sector or listed Financial Institution/Company.Experience should be in the relevant field of specialization. Marketing/Finance/IT
20 Chief Manager (Product Development & Management: Operation) PBBU SMGS-IV 1 1 25 38 Min 8 years
21 Manager (HNI Banking & Relationship Management PBBU MMGS- III 8 4 2 1 1 1 25 35 Min 5 years
22 Manager (Digital Marketing) REHBU MMGS- III 2 1 1 25 35 MBA/ equivalent post graduation degree(2years Regular full time course).Preference will be given to candidates who possess degree with specialization in marketing.Other qualification: Excel, PowerPoint, digital  marketing ( c o m p u l s o r y ) Digital marketing certificate like google adwords(search & display), google analytics etc (preferred) Min 5 years Experience as an Executive in Supervisory/ Management role in a Schedule Commercial  Bank/Associate or Subsidiary of a Schedule Commercial Bank or In a Public Sector or listed Financial Institution/Company.Experience should be in the relevant field of specialization. Good verbal and written communication skills, good analytical skills, ability to work with cross functional teams, attention to details & organisational skills
23

Chief Manager (Product Innovation & Market Research)

REHBU SMGS-IV 1 1 25 38 MBA/ equivalent post graduation degree(2years Regular full time course).(Preference will be given to candidates who possess degree with specialization in marketing.

Other qualification:Candidate should possess qualification relating to data interpretation, data management.                                   

Min 8 years Experience as an Executive in Supervisory/ Management role in a Schedule Commercial  Bank/Associate or Subsidiary of a Schedule Commercial Bank or In a Public Sector or listed Financial Institution/Company.Experience should be in the relevant field of specialization. Good Analytical skills.
24 Chief Manager (Data Interpretation/ Management) REHBU SMGS-IV 1 1 25 38 Min 8 years
25 Manager (Marketing) REHBU MMGS- III 1 1 25 35 MBA/ equivalent post graduation degree(2years Regular full time course).(Preference will be given to candidates who possess degree with specialization in marketing. Min 5 years Experience as an Executive in Supervisory/ Management role in a Schedule Commercial  Bank/Associate or Subsidiary of a Schedule Commercial Bank or In a Public Sector or listed Financial Institution/Company.Experience should be in the relevant field of specialization.
26 Manager (Wealth Management, Business Process, Manager- Technology)

Wealth

Management

MMGS- III 1 1 25 35

BE/BTech or equivalent graduation degree and MBA/PGDM/ PGDBM or equivalent post- graduation degree (2 years Full Time Regular Course) 

Min 5 years Experience as an Executive in Supervisory/ Management role in a Schedule Commercial  Bank/Associate or Subsidiary of a Schedule Commercial Bank or In a Public Sector or listed Financial Institution/Company.Experience should be in the field of banking technology. Min 2 years experience in setting up and operation of Wealth Management Platforms.

 

NOTE:

  • Above Officers shall be appointed initially in Specialist cadre.During these initial five years they will work in the allotted department in the respective Specialized area. Specialist officers have an option to convert themselves into General cadre after a period of five years from the date of their joining.
  • Candidates must fulfill educational qualification as on 30th June 2017. “Equivalent Post-Graduation Degree” will be acceptable only if be concerned University/College certify that the degree/diploma awarded is equivalent to the educational qualification required in the advertisement.
  • In case the the certificate of degree/diploma does not specify the field of specialisation, the candidate will have to produce a certificate from the concerned university/college specifically mentioning the specialisation
  • For posts which require experience in a specific area, the candidate must provide experience certification which specifies that the candidate has experience in that specific area.
  • Training/probation period will not be reckoned for calculating the total experience.

 

SBI Recruitment 2018 Important dates 

Online registration of Application 16.01.2018 to 04.02.2018

Online payment of fee:16.01.2018 to 04.02.2018

Last date for receipt of hard copy of online application(along with enclosures at SBI, CRPD, Corporate Centre, Mumbai):12.02.2018

 

Application fees

CategoryFees
General/OBCRs 600
SC/ST/PWDRs 100

 

How to Apply

  1. Register online through official SBI bank website https://www.sbi.co.in/careers/ongoing-recruitment.html
  2. Scan and Upload your recent photograph with your signature on it.
  3. Pay application fees online using debit card or credit card or internet banking.
  4. You will get e-receipt on successful completion of transaction.
  5. Candidate has to upload following documents at the time of Online registration of application in addition to the hard copies to be sent as mentioned above (G):
    • Brief Resume (DOC or DOCX)
    • ID Proof (PDF)
    • Proof of Date of Birth (PDF)
    • Educational Certificates (PDF)
    • Experience Certificate (PDF)
  6. Copies of the application (registered online) along with self attested photocopies of (i) ID proof (ii) Proof of Date of Birth (iii) Educational Certificates: Mark- Sheets/Degree Certificate (iv) Experience certificates (v) Brief resume (vi) e-Receipt for fee payment as applicable should reach by post to State Bank of India, Central Recruitment & Promotion Department, Corporate Centre, 3rd Floor, Atlanta Building, Nariman Point, Mumbai – 400 021” on or before 12.02.2018.The envelope should be super scribed with Post Serial No. and Name of the Post applied for. In case of non-receipt of hard copies of online application with required documents by the aforesaid date, their candidature will not be considered for short listing and interview.

 

 

 

 

 

 

IBPS CWE RRB 2018 Tentative Date

IBPS CWE RRB 2018

IBPS CWE RRB 2018 tentative schedule released for the examinations to be conducted during the year 2018.

RRBs – IBPS CWE RRB-VII (Officers) and CWE RRB-VII (Office Assistants)

ExamPostDate
Preliminary ExamOfficer Scale-I and Office Assistants11.08.2018,12.08.2018,
18.08.2018,19.08.2018,
25.08.2018,01.09.2018
Single ExaminationOfficers Scale II and II30.09.2018
Main ExamOfficer Scale I30.09.2018
Main examOffice Assistants07.10.2018

 

PSBs-IBPS CWE PO/MT VIII 2018

ExaminationDates
Preliminary Exam13.10.2018, 14.10.2018
20.10.2018, 21.10.2018
Main Exam18.11.2018

PSBs-IBPS CWE Clerk VIII 2018

ExamTentative Date
Preliminary Exam08.12.2018, 09.12.2018
15.12.2018, 16.12.2018
Main Exam20.01.2019

PSBs-IBPS CWE SPL VIII 2018

ExamTentative date
Preliminary Exam29.12.2018, 30.12.2018
Main Exam27.01.2019

 

 

 

 

 

 

SBI Recruitment 2018 | Vacancies-Junior Associates

SBI Recruitment 2018 | Vacancies

SBI Recruitment 2018 process starts from 20th Jan 2018. All the eligible candidates can apply for the post of Junior Associates after checking their eligibility criteria.  SBI exams are separate from the IBPS exam. Even if you have written the IBPS exam, you can still apply for the SBI exams. IBPS score card is not applicable for SBI recruitment. State Bank of India, one of the largest banks conducts examination in 2 phases. Preliminary examination is conducted in Phase I and then candidates qualifying in preliminary exams are to take up Main exams conducted by SBI in Phase II. Candidates successful in both Preliminary exam and Main exams are provisionally selected. Provisionally selected candidates should pass the Language proficiency test of the language opted by them at the time of registration. In case you do not pass the language test in the language opted by you, you will be disqualified.

 

SBI announces over 9600 vacancies for the post of Junior Associates. Details of the vacancies are as below. Please note that you can opt for only one language at the time of registration. It is suggested that you opt for the language that you are proficient in as you will be required to give a test in future.

 

SBI Vacancies

Junior Associate(Customer Support) Regular Vacancies Backlog Vacancies
Circle State Category wise PWD Ex-servicemen
Language GEN SC ST OBC Total LD(OH) VI HI XS DXS SC ST OBC TOTAL
Ahmedabad Gujarat Gujarati 255 35 75 135 500 7 6 7 50 23
Amarawati Andhra Pradesh Telugu or Urudu or Hindi 200 64 28 108 400 5 6 5 40 18
Bangalore Karnataka Kannada 51 15 7 27 100 2 1 1 10 5 36 11 198 245
Bhopal Madhya Pradesh Hindi 258 76 102 76 512 7 6 7 51 23 107 260 367
Chattisgarh Hindi 145 34 92 17 288 4 4 4 29 13 38 38
Bengal West Bengal Bengali/Nepali 308 140 30 134 612 8 9 8 61 28 39 5 25 69
A&N islands Hindi/English 9 2 11 1 1 1
Sikkim Nepali/English 5 1 1 7 1
Bhubaneswar Odhisha Odia 275 88 121 66 550 8 7 7 55 25 20 23 43
Chandigarh Jammu & Kashmir Urudu/Hindi 16 2 2 7 27 1 3 1
Himachal Pradesh Hindi 76 36 5 29 146 2 2 2 15 7
Haryana Hindi/Punjabi 85 29 42 156 2 2 2 16 7
Chandigarh Hindi/Punjabi 7 1 2 10 1
Punjab Punjabi/Hindi 132 75 54 261 4 4 3 26 12
Chennai Tamil Nadu Tamil 185 65 3 93 346 5 4 5 35 16 52 52
Pondicherry Tamil 3 1 4
Delhi Delhi Hindi 67 19 9 35 130 2 2 2 13 6
Uttarakhand Hindi 38 9 1 7 55 1 1 5 2
Hyderabad Telangana Telugu/Urudu/Hindi 57 17 7 29 110 2 1 2 11 5 145 145
Jaipur Rajasthan Hindi 100 34 26 40 200 2 3 3 20 9
Kerala Kerala Malayalam 155 24 2 66 247 3 3 4 25 11
Lakshadweep Malayalam 2 1 3
Lucknow/Delhi Uttar Pradesh Hindi/Urudu 454 185 8 238 885 11 12 11 88 40 85 0 85
Mumbai Maharashtra Marathi 395 73 65 197 730 10 10 10 73 33
Goa Konkani 15 2 3 20 2 1
North Eastern Assam Assamese/Bengali/Bodo 135 17 29 66 247 3 3 3 25 11 13 13
Arunachal Pradesh English 30 23 53 1 1 5 2
Manipur Manipuri 6 3 1 10 1
Meghalaya English/Garo 28 23 2 53 1 1 5 2
Mizoram Mizo 14 12 1 27 1 1 3 1 5 5
Nagaland English 19 14 33 1 1 3 2
Tripura Bengali/Kokborok 20 6 11 37 1 1 4 2 12 3 15
Patna Bihar Hindi/Urudu 229 65 4 109 407 6 6 5 41 18 1 1
Jharkhand Hindi/Santhali 14 2 5 2 23 2 1 22 22
TOTAL 3788 1111 711 1590 7200 96 96 96 720 324 569 303 229 1101

SBI Recruitment 2018 | Junior Associates

SBI Recruitment 2018

SBI Recruitment 2018 process starts from Jan 2018. State Bank of India, the only fortune 500 bank from India with legacy of 200 years invites applications for the post of Junior associates in Customer support and sales.

 

SBI conducts the examination online in two phases. Preliminary examination is conducted in the month of March/ April and Main examination is conducted in May 2018. It is mandatory for candidates successful in both the exams to pass the exam in the local language of the state they have applied for. Without passing the test of local language, the candidate cannot join the bank. However, candidates who have studied the opted local language in 10th/ 12th standard need not undergo language test. 10th/12th standard marks sheet is to be produced as evidence to show that they have studied the opted local language.

SBI Recruitment 2018 Procedure

Phase-I- Preliminary examination consists of 100 objective questions with time duration of 1 hour.

Sl.NoName of TestNo. of questionsMarksDuration
1English language303020 mins
2Numerical Ability353520 mins
3Reasoning Ability353520 mins
Total1001001 Hour

Phase- II-Main examination consists of 190 b=objective questions with time duration of 2 hours 40 mins.

Sl.NoName of TestNo of questionsMarks Duration
1General/Financial Awareness505035 mins
2General English404035 mins
3Quantitative Aptitude505045 mins
4Reasoning Ability and Computer Aptitude506045 mins
1902002 hours 40 mins

 

Application fee and intimation fee

Application fee is charges as follows for different categories

Categoryfees
SC/ST/PWD/XSRs 100(Intimation charges Only)
General and OBCRs 600(Application fee including intimation charges)

 

Important dates

Important EventsDates
Commencement of online registration of application20.01.2018
Closure of registration of application10.02.2018
Closure of editing of application details10.02.2018
Online fee payment20.01.2018 to 10.02.2018
Last date for printing of your application25.02.2018

 

Eligibility Criteria

Essential Academic qualification

  • As on 01.01.2018, you should have a graduation degree in any discipline from a recognized university. For eligibility purpose, SBI considers the date appearing on your mark sheet or certificate or provisional certificate as your date of passing.
  • If you have integrated dual degree, ensure that the date of passing the Integrated Dual Degree (IDD) is on or before 01.01.2018.
  • If you are an Matriculate Ex-servicemen, you should have completed not less than 15 years of services in the Armed forces of the Union and also obtained the Indian Army Special Certificate of Education or corresponding certificate in the Navy or Airforce.

 

Age limit

As on 01.01.2018, your age should be above 20 years and below 28 years. That is, you should be born after 02.01.1990 and before 01.01.1998(both days inclusive)

 

Relaxation of Upper Age limit

SBI provides relaxation in the upper age limit for certain categories.

Sl.NoCategoryRelaxtionEligibility upto
1SC/ST5 years33 years
2OBC3 years31 years
3PWD(Gen)10 years38 years
4PWD(SC/ST)15 years43 years
5PWD(OBC)13 years41 years
6Persons domiciled in Jammu & Kashmir during 01.01.1980 to 31.12.19895 years33 years

 

 

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