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Questions asked by panel members

Here is the list of questions asked by panel members in Mock interview. This is provided by candidates who attended mock interview in Trichy. What are the questions asked by panel members? Self intro, mechanical questions, why arrears, fiscal policy, rbi related questions, payments Bank, private banks, pm awas Yojana What is the difference between nationalized banks and public sector banks? What is hypothecation, pledge and mortgage? What are the types of ways we can return the money to someone? What is banking regulation act? Self intro What is bank About my education Why banking after your degree How ur degree is useful in banking Neft and rtgs diffrence Crr amd slr rate What is budget Demand and term deposit Deficit What's rbi function What's clean note policy And banking terms explanation And asked about career cap and why I didn't pursue higher education Details about mudra loan You have a long gap after the degree so panel members won't select you. There is only 3
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Pradhan Mantri Suraksha Bima Yojana

 

Pradhan Mantri Suraksha Bima Yojana

Details

An Accident Insurance Scheme offering accidental death and disability cover for death or disability on account of an accident.




Premium
Rs.12/- per annum per member. The premium will be deducted from the account holder’s bank account through ‘auto debit’ facility in one instalment on or before 1st June of each annual coverage period under the scheme. 

Coverage Duration
The cover shall be for the one-year period stretching from 1st June to 31st May However, in cases where auto debit takes place after 1st June, the cover shall commence from the date of auto debit of premium by Bank

Accident cover assurance termination 
  • The accident cover of the member shall terminate / be restricted accordingly on any of the following events:
  • On attaining age 70 years (age nearer birthday).
  • Closure of account with the Bank or insufficiency of balance to keep the insurance in force.
  • In case a member is covered through more than one account and premium is received by the insurance company inadvertently, insurance cover will be restricted to one account and the premium shall be liable to be forfeited. 

Termination of cover
The accident cover for the member shall terminate on any of the following events and no benefit will be payable there under:
On attaining age 70 years (age nearest birthday).
Closure of account with the Bank or insufficiency of balance to keep the insurance in force.
In case a member is covered through more than one account and premium is received by the Insurance Company inadvertently, insurance cover will be restricted to one bank account only and the premium paid for duplicate insurance(s) shall be liable to be forfeited.
If the insurance cover is ceased due to any technical reasons such as insufficient balance on due date or due to any administrative issues, the same can be reinstated on receipt of full annual premium, subject to conditions that may be laid down. During this period, the risk cover will be suspended, and reinstatement of risk cover will be at the sole discretion of Insurance Company.
Participating banks will deduct the premium amount in the same month when the auto debit option is given, preferably in May of every year, and remit the amount due to the Insurance Company in that month itself. 


Benefits
  • On Death - the Nominee shall get Rs. 2 Lakh
  • Total and irrecoverable loss of both eyes or loss of use of both hands or feet or loss of sight of one eye and loss of use of hand or foot -  Subscriber shall get Rs. 2 Lakh
  • Total and irrecoverable loss of sight of one eye or loss of use of one hand or foot –Subscriber shall get Rs. 1 Lakh

Eligibility
Individual bank account holders of participating banks aged between 18 years (completed) and 70 years (age nearer birthday) who give their consent to join / enable auto-debit, as per the above modality, will be enrolled into the scheme. 

Application Process
Online
  1. One can also open an PMSBY account online using one's bank's Net banking facility. 
  2. The applicant can login into his/her internet banking account and search for PMSBY on dashboard.
  3. Customer has to fill some basic and Nominee details.
  4. Customer has to give consent of auto debit of premium from the account and submit the form.
Offline
  1. In order to enroll in PMSBY offline, one can visit the where one has a savings account OR the candidate can visit official site https://jansuraksha.gov.in/Forms-PMSBY.aspx to download form. 
  2. After downloading that application form candidate can fill in all the details and submits them to the bank attached with required documents.
  3. Once it is successfully submitted subscriber will get a Acknowledgement Slip Cum Certificate of Insurance
Documents Required
  • Proof of Identity - Either of Aadhaar card or Electoral Photo Identity Card (EPIC) or MGNREGA card or Driving License or PAN card or Passport
  • Aadhaar linked Active Bank savings Account Details

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