SBI PO 2015 Preparation & Discussion

Bank PO SBI PO
7896

@Gobuaa  @rupamec13  @PiMolitor  @dipayanacc 

kuch query thi yaar..

1. biodata ka xerox karke usme likhna hoga ya biodata likh ke uske 4 xerox..? kaun sa..?

2. CC school se mile toh chalgea naki colg jana padega?

3.referee retd ho toh chalega na?

4.sirf biodata me ID crtfct attested karake xerox karwana hai..yaa baki xerox me v attestd karana hoga..???

JALDI BATA BHAI..!!

7897
In first of its kind 'loan against shares' (LAS) offering,HDFC Bank is allowing customers to design their own loans and avail them in 24 hours

What is Loan Against Shares or LAS?


Banks and financial institutions keep coming with various ways to fulfill the monetary requirements of each and every individual as per their credit worthiness and paying capacity. One step in this direction was the introduction of gold loan. Another one has been Loan against Securities, popularly referred to as LAS. Under "Loan against Securities", loan is advanced to a customer against pledge of securities or simply put loan against insurance policy, mutual funds, NSC and other securities. The list of approved securities against which LAS can be advanced varies from bank to bank, but primarily the following are considered to be approved securities against which LAS could be given.

1.      Non-Convertible Debentures

2.      Mutual Fund Units

3.      NABARD Bonds

4.      Demat Shares

5.      UTI Bonds

6.      NSC/KVP (Accepted only in Demat form)

7.      Insurance Policies

LAS helps you to get loan against the securities that you have, for the time being, merely pledged without selling them off in haste. An overdraft facility is advanced to you by bank or financial institution when you pledge your securities. The value of the overdraft limit that is advanced to you is determined on the basis of the securities that are pledged by you.

For smooth transactions, a current account is opened in your name and it is at your discretion how and when to withdraw and use the money. The rate of interest is calculated only on the amount withdrawn by you and only for the period of utilization.

The advantageous part of pledging your securities is one that you are able to get steady cash easily at the time you need it most and secondly you would not be devoid of the benefits as a shareholder. This means that you can enjoy your rights of receiving dividends and bonuses along with gaining from the price movements in the shares for which you have availed the loan from the bank.

In order to meet your short-term financial needs, Loan against Securities offers a good choice as you do not have to sell your stocks in haste. Moreover, the interest rate at which you get LAS is lesser as compared to a personal loan.

Features of Loan Against Securities 

  1. Secured Loan - Loan against securities is a secured loan as your bonds, shares, debentures or mutual funds are kept as collateral security when this loan is advanced to you. 
  1. Tenure - The tenure of loan against securities is generally one year. You may also get it renewed as per your requirement. 
  1. Rate of Interest - Generally interest rates at which loan against securities is advanced varies from 12% - 15% p.a but that may also vary from bank to bank. 
  1. Processing Fees - Banks and financial institutions usually charge approximately 2 % as processing fees. 
  1. Loan Amount - The loan amount for which you may be eligible depends upon the type of security that you are offering. For example, in case you are offering equity shares then the amount that you will be eligible for would be 50% of the value of such shares. 
  1. Prepayment Charges - At any point of time if you wish to prepay your loan against securities then you can do so without giving it a second thought as there are no prepayment charges attached to this loan. 
  1. Age - Any one who falls within 18years - 65years of age can apply for availing loan against securities. 

Documents Required for Loan against Securities - Generally, following documents are required by banks and financial institutions before they advance you loan against securities but the required documents may vary from bank to bank.

A. For Salaried Person

  1. Pan Card
  2. Identity Proof
  3. Photograph
  4. Address Proof
  5. Bank Statements (Latest 6 Months)
  6. Cancelled Cheque
  7. Demat Account Statement (Securities need to be in electronic form)
  8. Income Proof

B. For Self-Employed Person

  1. Pan Card
  2. Identity Proof
  3. Photograph
  4. Address Proof
  5. Bank Statements (Latest 6 Months)
  6. Cancelled Cheque
  7. Demat Account Statement (Securities need to be in electronic form)
  8. Income Proof along with Profit and Loss Account, Balance Sheet etc.
  9. Office Address Proof
  10. Business Existence Proof

List of Popular Banks Offering Loan Against Securities

  1. ICICI Bank Ltd
  2. Axis Bank Ltd
  3. HDFC Bank Ltd
  4. ING Vysya Bank
  5. IDBI Bank Ltd
  6. Standard Chartered Bank India.
7898

Can someone explain the point 5 in the call letter ? I am getting confused. Please ASAP.

7899

@SBI-PO @ Gobuaa Please answer this query. I completed grad in 2013 from Uni'sty of Delhi. Got Provisional Degree. They issue original after 5-6 years. And, I lost my provisional to a course I joined & dropped out later. Now when I went to college to get duplicate, they gave me a document titled "To whom it may concern.." It has my name, year of passing, marks, division and conduct. Would it be my Provisional Degree or Character Certificate? Check the image here Please answer. It's causing me a lot disturbance.

7900

Hinglish chal skti h??...as m from hindi medium...so not that much good in english speaking...and since last 4-5 years i have been reading evry thing in english...so my hindi is not in habit...i cnt speak pure hindi...without using any eng word..bdi samasya h....

7901

If you're a branch manager, how will you increase the profit of the branch? How will you attract more customers?

7902

I have the identity certificate and character certificate from a Branch Manager of SBI..will that suffice ?

7903

i have a query regarding referee.....can i give the name of my working friend as a referee??

7904

Feeling Tensed about the Percentage marked entered wrong and confusion about degree and Aggregate marks 

😞

7905

instead of having my graduation mark sheets......what i have is a transcript.. a single sheet with grades and results of my each semester......vl this work ???

7906

kisi ke pas CRPD ka number hai kya????? CC ka confusion clear karna hai......

7907

kindly direct regarding the following aspects:

1) are we supposed to fill everything in block letters in biodate form?

2)in the 'center for gd and pi', should we state just the city name or the whole address? (As the provided space is limited)

3)in options like: choice of language/graduation course etc., should we mention the thing or just tick on one of the given options or both?

4)in the table 'knowledge of languages' and 'places you have resided for more than 1 year', if i have just one/none, should i keep the other boxes blank or do we have to write NA in all the individual boxes? 😲

5)in 'any other additional qualification (please specify)' wala row: what if we have more than 1, where are we supposed to mention that? (As it provides just one row right below it)

6)in particular of EC activities, do we just merely mention them separating each with commas? or should we give details of each too? (again space problem)

7)should we put the thumb impression in all the 5 copies after getting the biodate form printed or should we put the impression on one copy and 4 photocopies of it will do?


TIA

7908

Bank Account for Children in India

Banking norms for Kid's account:-

There are set of basic rules that are followed by banks in India when it comes to children's banking account. 'Minor' would make a much weighed word in legal terms instead of 'children' and an 'account' here would mean 'savings account'.


An account can be opened in the name of a minor (person whose age is less than 18 years) by his/her parent or guardian who is the joint holder of the account. The account that is held jointly with the parent or guardian can be operated only by this parent or the guardian and not the minor.

A minor who is more than 10 years old can open and also operate an account by himself/herself. In this case the guardian/parent also will have the right to operate this account of the minor.


Two minors who are over 10 years of age can hold an account jointly.

General Features of children's bank account:-

  • As mentioned above a guardian or a parent can open an account for a minor and this account can either be jointly held or can be an independent account. For an independent account the minor has to be more than 10 years of age.
  • The parent/guardian can choose to get bank statements on regular basis. This will be helpful for a parent/guardian to monitor the child's account.
  • The parent/guardian also has the option to give instructions to the bank to transfer certain specified sum of money into the child's account on a regular basis.
  • Banks that provide these accounts also provide all basic facilities that a savings account has. This includes debit card, pass book and some banks even provide cheque books for minors.
  • Few banks also provide additional insurance covers to the life of parent/guardian. Here a certain sum is assured to the minor on the death (under specific conditions) of the parent/guardian. There are various types of deposit schemes for minors offered by other banks.

Eligibility and conditions:-

  • A minor's account can be opened in the name of or by a person who is less than 18 years old. There are specified situations where the age is extended to 21 as per the court's declaration. In this case the minor's guardian will be opening the account for the minor. Banks may have specific lower limits of age for entry into this account.
  • The guardian/parent should hold an account with the bank where he/she wants to open an account for the minor.
  • Usage of the money from the account and minimum amount that has to be credited into the account will be as per the basic rules set by individual banks. Penalty will be charged if the guardian/parent is not able to maintain minimum balance in the minor's account.
  • Once the account holder (child/minor) turns into major depending on the bank there will be few verifications made (signature or photograph).

Documents required for Kids bank account:-

The basic KYC norms will be followed while opening an account for a minor in the bank.

  • Document for proof of age and address of the minor
  • Document for the proof of relationship between the parent/guardian and the applicant minor
  • Proof of identity of the minor
  • Photographs of minor

If the parent/guardian is able to engage the minor in this account in an active manner then it sure does teach the minor to manage money. Since there are conditions like minimum average monthly/quarterly balance and also respective penalty if the same is not maintained it improves a minor's money management skills gradually. On the other hand the account also paves way for a new era where children would be much equipped with knowledge of banking by the time they turn major.

At the same time the account also has a defect where it actually does not teach the child on where to spend. At times this lesson can be crucial and if the parent/guardian does monitor the kid's account and spending on a regular basis, the entire objective of this scheme may fail.

7909

will they consider undertaking as my obc certificate is issued on 8th dec 2014...........my problem is i have to issue my new obc from my village and it is not possible to get within 9th sept 2015........

7910

What is better GIC AM HR or SBI PO.

7911

Regarding application form:

Can I attach class XII character certificate with the bio data? I don't have character certificate from my past employer or from my college. 

Thanks

7912

any Bengaluru selected candidates? could we form a group for GD/PI discussion?

7913

Yaha sab IT field se hai ya mere jesa koi gareeb mechanical engg bhi hai 😛

7914

Can anyone who is already working in bank give details about the cash retained by branch as in ibps po 4 interview the panel had asked me this question "how the cash limit for particular branch is defined "

7915

People with work-experience; can you please confirm if there was any column to mention work-ex in the initial application form? Please confirm this from your applications.

I have intentionally not filled my work-ex and now as far as I remember, the column was not there.