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What is Repo Rate, Reverse Repo, Bank Rate, Call Rate, CRR & SLR

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<b>Repo (Repurchase) Rate</b></div>
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<a href="http://cdn3.sarkarinaukrisearch.com/wp-content/uploads/2013/03/logo1.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="logo" border="0" src="http://cdn3.sarkarinaukrisearch.com/wp-content/uploads/2013/03/logo1.jpg" /></a>Repo rate is the rate at which banks borrow funds from the RBI to meet the gap between the demand they are facing for money (loans) and how much they have on hand to lend.</div>
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If the RBI wants to make it more expensive for the banks to borrow money, it increases the repo rate; similarly, if it wants to make it cheaper for banks to borrow money, it reduces the repo rate.</div>
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<b>Reverse Repo Rate</b></div>
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This is the exact opposite of repo rate.</div>
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The rate at which RBI borrows money from the banks (or banks lend money to the RBI) is termed the reverse repo rate. The RBI uses this tool when it feels there is too much money floating in the banking system</div>
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If the reverse repo rate is increased, it means the RBI will borrow money from the bank and offer them a lucrative rate of interest. As a result, banks would prefer to keep their money with the RBI (which is absolutely risk free) instead of lending it out (this option comes with a certain amount of risk)</div>
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Consequently, banks would have lesser funds to lend to their customers. This helps stem the flow of excess money into the economy</div>
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<i>Reverse repo rate signifies the rate at which the central bank absorbs liquidity from the banks, while repo signifies the rate at which liquidity is injected.</i></div>
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<b>Bank Rate</b></div>
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This is the rate at which RBI lends money to other banks (or financial institutions .</div>
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The bank rate signals the central bank’s long-term outlook on interest rates. If the bank rate moves up, long-term interest rates also tend to move up, and vice-versa.</div>
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Banks make a profit by borrowing at a lower rate and lending the same funds at a higher rate of interest. If the RBI hikes the bank rate (this is currently 6 per cent), the interest that a bank pays for borrowing money (banks borrow money either from each other or from the RBI) increases. It, in turn, hikes its own lending rates to ensure it continues to make a profit.</div>
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<b>Call Rate</b></div>
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Call rate is the interest rate paid by the banks for lending and borrowing for daily fund requirement. Si nce banks need funds on a daily basis, they lend to and borrow from other banks according to their daily or short-term requirements on a regular basis.</div>
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<b>CRR</b></div>
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Also called the cash reserve ratio, refers to a portion of deposits (as cash) which banks have to keep/maintain with the RBI. This serves two purposes. It ensures that a portion of bank deposits is totally risk-free and secondly it enables that RBI control liquidity in the system, and thereby, inflation by tying their hands in lending money</div>
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<b>SLR</b></div>
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Besides the CRR, banks are required to invest a portion of their deposits in government securities as a part of their statutory liquidity ratio (SLR) requirements. What SLR does is again restrict the bank’s leverage in pumping more money into the economy.</div>
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What is Repo Rate, Reverse Repo, Bank Rate, Call Rate, CRR & SLR

Repo (Repurchase) Rate Repo rate is the rate at which banks borrow funds from the RBI to meet the gap between the demand they are f...

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What is NEFT – National Electronic Funds Transfer

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Q.1. What is NEFT?</div>
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Ans: National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer. Under this Scheme, individuals, firms and corporates can electronically transfer funds from any bank branch to any individual, firm or corporate having an account with any other bank branch in the country participating in the Scheme.</div>
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Q.2. Are all bank branches in the country part of the NEFT funds transfer network?<br />Ans: For being part of the NEFT funds transfer network, a bank branch has to be NEFT- enabled</div>
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Q.3. Who can transfer funds using NEFT?</div>
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Ans: Individuals, firms or corporates maintaining accounts with a bank branch can transfer funds using NEFT. Even such individuals who do not have a bank account (walk-in customers) can also deposit cash at the NEFT-enabled branches with instructions to transfer funds using NEFT. However, such cash remittances will be restricted to a maximum of Rs.50,000/- per transaction. Such customers have to furnish full details including complete address, telephone number, etc.NEFT, thus, facilitates originators or remitters to initiate funds transfer transactions even without having a bank account.</div>
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Q.4. Who can receive funds through the NEFT system?</div>
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Ans: Individuals, firms or corporates maintaining accounts with a bank branch can receive funds through the NEFT system. It is, therefore, necessary for the beneficiary to have an account with the NEFT enabled destination bank branch in the country.</div>
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The NEFT system also facilitates one-waycross-border transfer of funds from India to Nepal. This is known as the Indo-Nepal Remittance Facility Scheme. A remitter can transfer funds from any of the NEFT-enabled branches in to Nepal, irrespective of whether the beneficiary in Nepal maintains an account with a bank branch in Nepal or not. The beneficiary would receive funds in Nepalese Rupees</div>
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Q.5. Is there any limit on the amount that could be transferred using NEFT?</div>
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Ans: No. There is no limit – either minimum or maximum – on the amount of funds that could be transferred using NEFT. However, maximum amount per transaction is limited to Rs.50,000/- for cash-based remittances and remittances to Nepal.</div>
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Q.7. Whether the system is centre specific or has any geographical restriction?</div>
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Ans: No. There is no restriction of centres or of any geographical area within the country. The NEFT system takes advantage of the core banking system in banks. Accordingly, the settlement of funds between originating and receiving banks takes places centrally at Mumbai, whereas the branches participating in NEFT can be located anywhere across the length and breadth of the country.</div>
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Q.6. What are the operating hours of NEFT?</div>
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Ans : Presently, NEFT operates in hourly batches – there are twelve settlements from 8 am to 7 pm on week days (Monday through Friday) and six settlements from 8 am to 1 pm on Saturdays.</div>
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What is NEFT – National Electronic Funds Transfer

Q.1. What is NEFT? Ans: National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds t...

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How To Get Government Jobs in India

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Private sector jobs are the least secure. If job security and lots of benefits is what you are looking for, then you could opt for a government job. Government jobs have more advantages than private sector jobs.</div>
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How are government jobs better than private sector jobs?</h4>
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<strong>Secure Future</strong></div>
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Most of people want to secure their future and ensure steady income and growth. Such govt jobs are not available in the private sector. Hence, government jobs make for a pretty good option.</div>
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<strong>No Hard Work</strong></div>
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Private sector jobs demand long working hours. This results in most of the employees not doing much except work and go home. Government jobs have fixed working hours, and they are closed on public holidays!</div>
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<strong>Pension Plan and Increment in Salary</strong></div>
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On retirement, a private sector job gives you nothing more than a farewell cake. Government jobs, on the other hand, keep paying you pensions once you retire. This goes a long way in ensuring you have money when you no longer have the energy to work for it.</div>
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Increments in your salary while at a private sector job are as promising as the chances of Timbuktu having a football team to participate in the FIFA World Cup. Government jobs provide steady increments, with the pay scale being revised every 10 years!</div>
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<strong>What are the government jobs I can apply for?</strong></div>
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If you are a graduate, you can apply for almost all of them. If you have set your sights real high, you can sit for the UPSC exams (the exams that select the IAS/IPS/IRS officers of our country). However if you do not want to put in long hours of study, you can also go for exams conducted by government banks.</div>
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How do I take the UPSC exams?</h4>
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First of all, you need to be a graduate in any discipline. Second of all, you need to be mentally prepared to put in endless hours of study. UPSC exam notifications come out every year in Employment News (that’s a newspaper).</div>
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The Civil Service Examination has a complicated format! The complete exam stretches over a period of one year! So, before you go ahead, let us first try to understand the “format” of the exam.</div>
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First of all, in the month of May or June there are the “Preliminary examinations”. Now, in this examination, there are two papers. These are objective type questions and will test you on General Studies, English Comprehension, Mathematics (which they call Quantitative Aptitude), Communication Skills, and Analytical Ability. It’s a lot like the MBA entrance exams that scores of students take each year, just with the addition of General Studies.</div>
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How To Get Government Jobs in India

Private sector jobs are the least secure. If job security and lots of benefits is what you are looking for, then you could opt for ...

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How To Crack IBPS Bank Interview

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<a href="http://cdn3.sarkarinaukrisearch.com/wp-content/uploads/2013/01/IBPS.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="http://cdn3.sarkarinaukrisearch.com/wp-content/uploads/2013/01/IBPS.jpg" /></a>Till now i had given 7 PO interviews and got the result of 5 and 2 are in wait….and even with all odds ( engineering background and two and a half year gap) i manage to clear all the 5 interviews.. I am going to share all the questions that had been asked in my interviews.. It is not possible for me to give all the answers of the interview questions …U can write ur questions in comments i will try to answer it….The basic things which is needed to get selected in any interview are :-</div>
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1.<strong> Honest</strong> ( Give them a very honest reply…U can hide truth..but u can’t lie…There is very big difference between these two ).</div>
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2. <strong>Desperation</strong>….The interview panel checks is this guy is really desperate for the job….Is this guy really needs it…Is he/she is very serious about the job.</div>
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3. <strong>Don’t show the attitude</strong> of this kind ( Mil gayi toh bi theek na mili toh bi ) means if i will get then it’s ok and if not then it’s also ok….don’t show this….Show this ( mujhe job leni hi leni hai )…I am in the real need of the job….i am the most needy on this earth</div>
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4. <strong>Dressing sense</strong> ….</div>
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5.<strong> Don’t go blank</strong>…Very important…….some guys even many guys go blank ..don’t read anything and go for the interview…..I think this is the very wrong attitude….this does not shows ur confidence but the non seriousness towards the job…. When i went for the interviews i used to go through all the current news….and read all the DOCS of the BANK PO GD AND INTERVIEW PREPARATION</div>
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6. <strong>Don’t show i am superior</strong> to u..always show ( u r my bhagwan..tum hi mere karta dharta ho :P ) U r my god and u r everything to me.</div>
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7.<strong> Confidence</strong></div>
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I think these are the <strong>7 points that can give u success in any interview</strong>….. Now i am posting u all the questions that had been asked to me in my interviews…Hope u get some idea about the questions.</div>
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How To Crack IBPS Bank Interview

Till now i had given 7 PO interviews and got the result of 5 and 2 are in wait….and even with all odds ( engineering background and two...

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