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Banking And Financial Awareness: March (1 to 5)

Published on Tuesday, March 07, 2017


  • The amount of financing Agreement has been signed between India and World Bank for the project TEJASWINI was USD 63 million. Tejaswini is a socio-economic empowerment of Adolescent girls and young women. 
  • International Monetary Fund has reached an agreement with Ukraine to provide fresh disbursement of USD 1 Billion in the first half of the march 2017. 


  • Reliance General Insurance and Catholic Syrian Bank tied up for bancassurance project. 
  • HDFC Bank and ET Money jointly launches DATA LED group term Insurance plan. 


  • Estimation of Madhya Pradesh Budget for the year 2017-2018 was 1,85,564.27 crores. 
  • For Dheendhay Rasoi yojna, Madhya Pradesh Government has allotted 10 crores. 


  • The amount of INR 756 crores was allotted for the treatment of cataract patients over next five years by the Union Health Minister J.P. Nadda. 
  • Kerala had made maximum registration under GST. 
  • GST council has agreed to provide a composition scheme for small business. Now the small business with turnover up to Rs. 50 lakh will have to pay a tax of 5 percent. 
  • Estimation of rupees 2,285 crores have been allotted for Shahpur Kandi Dam project (joint project of Punjab and Haryana.) 
  • The government of India has directed all the banks to make available the mobile banking facility for all the customers by March 31, 2017. 


  • Minimum charge of Rs. 150 per transaction will be charged by Axis Bank, ICICI bank and HDFC bank after 4 free transactions. 
  • State Bank of India have revised various service charges on transaction and deposits as well as maintaining monthly average balance. It is applicable from April 1, 2017.
  • Cash deposit can be made only 3 times per month and beyond that an amount of RS. 50 will charged for per transaction. 
  • ATM transaction beyond free transaction will be charged RS. 20 per transaction. 
  • RBI tells that the bank refuse to exchange soiled or multilateral notes from people will have to pay a penalty of rupees 10,000.

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