PaperTyari GK Potion For IBPS Clerk 201
GK POTION FOR IBPS CLERK 2014
Dear Readers,
We are happy to present you the GK and current affairs study material for IBPS Clerk
2014. This material is prepared by experienced team of papertyari.com keeping in mind the latest pattern of questions asked in banking exams.
The content of this material is prepared with utmost care but some facts in the material may be obsolete or inaccurate. papertyari.com should not be held responsible for any loss due to this material. BANKING, FINANCE AND INDUSTRY
1. Foreign Portfolio Investors (FPIs), a newly created class for overseas investors, will be able to invest up to $81 billion (close to Rs 4 lakh crore) in government and corporate debt securities in India, as notified by market regulator SEBI.
a. This would include investments up to $30 billion in government debt.
b. Up to $51 billion investment in corporate debt securities will be allowed.
2. RBI allowed minor above 10 years of age to operate bank accounts.
a. As per guidelines, all minors can now open a savings/fixed/recurring bank deposit account through either his/her natural guardian or legally appointed guardian. b. The minors who have attained 10 years of age, would be allowed to open and operate savings bank accounts independently.
c. If the account was operated by the natural/legal guardian, fresh operating instructions and specimen signature of the minor should be obtained and kept on record for all operational purposes.
d. On attaining majority, the minor would be required to confirm the balance in his/her account.
Papertyari.com
Page 1
3. Various banks launched scheme for minor above 10 years of age to operate bank accounts a. ICICI Bank launched ‗Smart Star‘ account, a savings account for minors above
10 years of age.
b. SBI launched two schemes: Pehli Udaan and Pehla Padam Scheme.
c. Federal bank announced YoungChamp savings account.
d. HDFC bank launched Kids Advantage Account.
4. RBI asked banks to not levy penalty if minimum balance is not maintained
Dear Readers,
We are happy to present you the GK and current affairs study material for IBPS Clerk
2014. This material is prepared by experienced team of papertyari.com keeping in mind the latest pattern of questions asked in banking exams.
The content of this material is prepared with utmost care but some facts in the material may be obsolete or inaccurate. papertyari.com should not be held responsible for any loss due to this material. BANKING, FINANCE AND INDUSTRY
1. Foreign Portfolio Investors (FPIs), a newly created class for overseas investors, will be able to invest up to $81 billion (close to Rs 4 lakh crore) in government and corporate debt securities in India, as notified by market regulator SEBI.
a. This would include investments up to $30 billion in government debt.
b. Up to $51 billion investment in corporate debt securities will be allowed.
2. RBI allowed minor above 10 years of age to operate bank accounts.
a. As per guidelines, all minors can now open a savings/fixed/recurring bank deposit account through either his/her natural guardian or legally appointed guardian. b. The minors who have attained 10 years of age, would be allowed to open and operate savings bank accounts independently.
c. If the account was operated by the natural/legal guardian, fresh operating instructions and specimen signature of the minor should be obtained and kept on record for all operational purposes.
d. On attaining majority, the minor would be required to confirm the balance in his/her account.
Papertyari.com
Page 1
3. Various banks launched scheme for minor above 10 years of age to operate bank accounts a. ICICI Bank launched ‗Smart Star‘ account, a savings account for minors above
10 years of age.
b. SBI launched two schemes: Pehli Udaan and Pehla Padam Scheme.
c. Federal bank announced YoungChamp savings account.
d. HDFC bank launched Kids Advantage Account.
4. RBI asked banks to not levy penalty if minimum balance is not maintained