Pradhan Mantri Jan Dhan Yojana (PMJDY) : Brief Info

PM Narendra Modi, amidst huge media hype, launched the PMJDY in 2014 as a National Mission to bring about financial inclusion of all households in the country.  The objective is to provide basic financial services through a savings bank account to the weaker sections. The account holders will be provided a basic Debit Card, Accident Insurance Cover and an Overdraft facility.The scheme has been planned in two phases:

The scheme has much simpler Know-Your-Customer (KYC) rules. The scheme offers a couple of freebies too, like an accident insurance of up to Rs 1 lakh comes free with each account. Census 2011 showed India has witnessed a serious lack in financial inclusion. This scheme aims to rescue low-income groups from the clutches of usurious money lenders and integrate them into the formal banking and finance channel. The Direct Benefit Transfer (DBT) money will flow into these accounts, saving money lost in leakages.

The two aspects to financial inclusion- bank accounts and access to credit and, concomitantly financial deepening of the economy are addressed to some extent. The RBI has its concerns with the scheme but it says Jan Dhan Yojana to be a ‘Game Changer’. The scheme has started off with a bang, but all eyes are on whether the Game actually get’s changed.

Beware of Phishing and Online Frauds in Banking Transactions

We are moving towards a society which is getting more and more dangerous day by day and the most vulnerable, we can consider is Phishing and Online Frauds. There has been 87% increase in Phishing Scams since 2012, as described in a report by Security firm Kaspersky. Now, one can only imagine how many people in this world are being affected by it on a daily basis. The increase in cases can be attributed to a lot of factors, but one of the important reasons is ‘Awareness’ among the consumers of the services and sometimes ‘Negligence’ too.

Now the real question is how can anyone avoid it? Seriously, even organizations like Pentagon are prone to such attacks and hacks all the time being the world’s most secure place on earth. It’s reasonable to say one can’t avoid it, not at least in the growing stages of world economy but one can keep tab upon it and make himself/herself secure to a certain extent that any loss is avoided or it is minimal.

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There are certain things which every Customer is supposed to be aware of:

1. Banks and especially ‘RBI’ (there have been cases) or their representatives would never communicate through telephonic conversations. All official communications are carried out through official letters that are sent to the Concerned Person’s Address.

2. Never any bank or bank officials would ever ask your confidential details such as account number, password etc. All your details are available with the bank.

3. Try to avoid online transactions through Internet Banking or Credit Cards or any type of cash cards at Internet Café or any Public Wi-Fi networks since these are the most insecure networks for secure transactions.

4. When you use your Credit Cards, Debit Cards or any cash Cards at Pos Terminals across various Supermarkets, Restaurants, or any public place please do not leave your card from your sight due to overconfidence, since these magnetic cards are very much vulnerable to cloning and theft of confidential data.

5. Do not answer calls or reply SMS, Emails which claim to that you have won a million dollars. These are spam emails which are bugged by malware which can get access to your systems and steal confidential files and data and yes even your personal details also.

6. “Prevention is better than cure” we all know that but very few tend to make necessary arrangements for the same.

Why Banking courses in India has attracted everyone towards itself

India one of the fastest developing countries in world map nowadays by the use and availability of modern day technologies. Apart from technology, education has also played a major role in developing any country. In a country like India where the level of education has increased in last 5 to 10 years which has played a key role in developing India. Every small and big city is provided with quality education in order to make people skilled in order to earn a handsome salary and to develop himself. Apart from these in some places evening classes are also provided so a working person also study and develop new skills in order to develop himself and earn a better livelihood.

Education

Education one of the best ways to get educated yourself in order to live in a society and to develop your skills in order to earn income. There are many schools and colleges available all around the India offering quality education to develop your skills and earn a household income in order to live in a society. These school and colleges offers some of the best education, experienced teachers, professors, best infrastructure, surroundings and environment to learn from scratch. Apart from school and colleges availability of coaching centers and institutes have also played a major role in increasing the level of education. These coaching centers and institutes offer various courses with affordable cost and flexible time so working people, housewives can also take benefit from it. Some of the courses offers by coaching institutes are computer courses, banking courses, tally courses, accountancy courses and internet courses.

About Banking Courses

Banking courses in India has attracted everyone towards itself. It is one of the best and growing courses in India nowadays providing with the best career option as well. There are many governments, semi governments and private banks available in India required young, fresher and employees to work with their organization. There are many coaching institutes and professional banking institute offering best training.

NIBF a professional banking institute offering best banking courses. It is founded to provide professional education, skill development and banking training. It works on E2E methodology, providing best training and skill building programs.

Best Banking Training Institute to develop you as a professional banker

Banking, one of the major and growing sectors in India. It involves a number of fields, interest and variety of roles. One of the important prospects of banking is the career path. It offers one of the best career options for young, fresher, enthusiastic and dynamic peoples. Banking job is very much different from private sector in terms of workings. Bank jobs are considered as profitable career these days, with growth in banks and the opening of new branches in different parts the requirement of suitable individuals and banking professional to carry out the particular work is increasing day by day offering a platform for building their career by being selected in any of the banks. As the requirement is high the recruitment process is also very tough, one has to clear 1 to 2 stages in order to select for the final stage and only the eligible candidate can be selected for the job.

Banking jobs are very tough and competitive jobs known nowadays. The recruitment process is comprises of both written exams and interview session and for written exam they offer vast syllabus which one should prepare thoroughly in order to pass the written exam and appear for the interview. As the syllabus is quite hard there are number of tricks available over the internet very useful to clear the exam. So for preparing for bank exams or any government exams one should have to good command over these subjects and they are.

1. Vocabulary – One should have strong vocabulary. These exams have a separate section for vocabulary.
2. Current Affairs – One should have complete information about the current affairs of the world as it also covers one of the important sections of the syllabus.
3. English – English one of the important subjects which should be kept in mind at the time of preparation as it one of the important sections of the syllabus.
4. Aptitude – It covers one of the important sections of the syllabus.
5. Reasoning – it also covers one section of the syllabus
6. History – One should have good knowledge of the history.
7. Geography – One of the important topics to be covered is geography
8. General Knowledge – One should be updated the general knowledge as it is also one of the important sections of the syllabus.

At NIBF, offering one of the best banking courses in India working on the methodology of E2E i.e. education to employability where our mission is to create core of excellence in the ground of banking and insurance education. We have the availability of the best and excellent professionals in order to provide complete guidance for each and every above mentioned section which is very useful to clear any banking exam.