Category Archives: Banking

Banking

Key Bank Cd Rates

Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally.

At Highest CD Rates we are updating you on the latest Key Bank CD rates. Key Bank is headquartered in Cleveland Ohio and has 1,029 full service branch offices and 1,522 ATMs to serve their customers with.

The Key Bank certificate of deposit rates are in a tiered format. The four tiers are for deposits with a minimum of $ 2500, $ 10,000, $ 25,000 and $ 50,000. These Key Bank CD rates are also for the relationship CDs that require an active account with Key Bank.

The current CD rates for the 7-119 days are an APY of 0.10% for all tiers. The 120-179 days CDs are earning an APY of 0.20% for all tiers. The 6-9 month CDs are earning an APY of 0.20%, 0.25%, 0.25% and 0.25% respectively. The 10 month CD is earning an APY of 0.25% for all tiers. The 11, 12, 14 and 15 month CDs are earning an APY of 0.20%, 0.25%, 0.349% and 0.35%.

The 13, 16-18 and 20-23 month CDs are earning an APY of 0.35%, 0.40%, 0.50% and 0.50%. The 19, 25-29 and 31-35 month CDs are earning an APY of 0.50%, 0.55%, 0.65% and 0.65%. The 24 and 30 month CDs are earning an APY of 0.60%, 0.65%, 0.75% and 0.75%. The 36-47 and 49-59 month CDs are earning an APY of 0.85%, 0.90%, 1.00% and 1.00%. The 4 year CD is earning an APY of 1.10%, 1.15%, 1.25% and 1.25%.

The 5 year CD is earning an APY of 1.35%, 1.40%, 1.50% and 1.50%. The 6-9 year CDs are earning an APY of 1.60%, 1.65%, 1.75% and 1.75%. The best CD rates are from the 10 year CD that is earning an APY of 2.10%, 2.15%, 2.25% and 2.25% respectively.

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Banking

Basic Bank Accounts Comparison

The average customer finds himself being flooded with offers from different banks across the world to open an account. It becomes necessary for him to look to a source which enables him to receive a comparative analysis of bank accounts. Starting right from the type of accounts that the bank provides to you the basic account or a guaranteed banking account, you need to be aware of the fees levied by the bank to open your account.

What are basic bank accounts?

Basic bank accounts are part of the government schemes to aid middle class families who might have trouble opening a normal bank account. They appeal to people who are careful about overspending since overdrafts are not provided for a basic bank account.

Parameters of bank account comparison

The age limit remains a vital factor in comparison bank accounts. Some banks set the threshold to be 18 years while others are more lenient and ask the customer to have completed 16 years of age. It is imperative for the customer to choose a bank that gives you the highest yield at the lowest fees.

Further, having a checking and a savings account enables you to get the highest rate of interest on your savings. New customers need to be aware of the fact that a checking account is the account you will be using for your direct deposit and withdrawal, for this reason, comparison banks is mandatory.

This mandates the customer to look for a bank which offers minimal or zero transaction charges. Further, the customer should deem it necessary to check out the benefits and rewards for opening an account with a particular bank. Most banks offer a free day-to-day banking system.

Comparison of Banks – Presence

Customers should make sure that the banking cards are accepted world over. With the whole banking system being taken online, the mode of Internet banking and online transactions become an essential parameter of bank account comparison.

For More Information about bank account comparison please visit our website at http://www.comparebankaccount.co.uk/

Banking

Bank reconsolidation example

These days, most people are familiar with the concept of bank reconciliation and they utilize it both in their personal and work lives. In most cases, there is always a difference between the balance on your bank statement and what you have in your records. What do you call these items? These items usually make up the bank reconsolidation example, and need to be explained properly, especially for company accounts. Major forms bank reconsolidation example are broadly classified either as book reconciling items or bank reconciling items as shown below:

Book reconciling items:

Credit and debit memos
Book errors, that is, errors originating from account owner.

Bank reconciling items:

Deposits in transit
Outstanding or un-presented check
Errors from bank

EXPLANATION OF EXAMPLES

The most common examples known to most people fall under the sphere of bank reconciling items and then, debit memos. Debit memos refer to the deductions that have been charged to an account and yet to be recorded by the account owner, mostly charges on transactions carried out by third parties on the checking account.

In relation to the bank reconciling items, deposits in transit are cash and check deposits already recognized by the account owner, but yet to be cleared or reflected in the bank statement. This could also be as a result of cut-off. For instance, if the cut-off period is usually the 30th of every month, a check deposited the day before will most likely not reflect in the statement for that month.

Another common form of reconciling items are un-presented checks, that have being issued out and recognized by the account owner, but yet to be drawn from the bank. Also, the check might be presented but rejected for some reason or affected by cut-off time.

Errors can occur from both parties, so they have to be properly analyzed and treated. After all these, it is expected that all reconciling items would have been covered. Any outstanding differences would need to be investigated.

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Banking

International Bank Transfers

For years, wire transfers were the default payment mechanism for international payments. While wire transfers were reliable, they were expensive to send and expensive to receive. International banks transfers are a cost effective alternative to wire transfers. Any company that is sending or receiving money globally will find it worthwhile to consider adding international bank transfers as a highly efficient payment option.

International bank transfers are sometimes referred to as global ACH. However, strictly speaking, the specific term ACH, which stands for the Automated Clearing House network, refers to electronic funds transfers only in the United States and Canada. But, functionality, International Bank Transfers are analogous to ACH.

As with ACH, international bank transfer files are submitted in a specified file format. The file is bank-to-bank through the international bank transfer network for clearing in the country where the payment will be made. As a result, international bank transfers are handled as inexpensive local payments rather than as expensive international money transfers.

International bank transfers streamline the complicated process of handling cross-border and in-country disbursements and collections. Globally, each country has a different clearing system with its own rules and regulations. Maintaining multiple banks accounts and complying with country-specific payment formats is expensive and time-consuming. Payment delivery and timing is uncertain.

They eliminate the need to maintain multiple, country-specific payments formats and to juggle bank relationships in every country. Instead, payments are collected and disbursed securely through local payments systems in countries around the world via a single electronic connection.

Low-cost international bank transfers deliver substantial savings because clearing and settlement is done on a local level. Delivery times become more standardized. And currency conversion fees apply less often.

For payouts they work best when payment due dates are known in advance. Using them is good for applications such as payroll, dividends, affiliate and vendor payments where more than 100 payments being made at one time.

Recurring payments where payee information files can be set-up one time and used over and over work well for international bank transfers. Also, the payment method works best when a great deal of remittance information does not need to be sent along with the payment.

They are not good for time sensitive payments or for payments of large amounts. Depending on the country, it takes from one to five days for payments to settle. Hence, a million dollar payment which needs to arrive at a particular time is still best sent via wire transfer.

Some companies have accounts with banks that can handle these type of transfers and may choose to use the bank for the service. The choice on which to use depends upon a number of factors including the amount; number and frequency of payments; where payments are being sent; and the technical infrastructure and expertise of the company sending payments.

Compare the abilities and costs offered by your corporate bank with consolidators. Consolidators may offer more functionality and lower rates than banks. If your company does not have dedicated internal financial expertise, it is often easier to use a consolidator account which is already set up to handle all aspects of these type of transfers. Ultimately, the decision how to best implement them is based on the specific business operations of your company.

In summary, the benefits are:

-Cost and savings from the elimination of multiple country-specific payment formats and multiple bank relationships.

-Single electronic interface creates a faster and more effective method of sending, managing and tracking disbursements.

-International Bank Transfers can save you up to 90% over sending and receiving wire transfers Streamlined operations, increased productivity, and more effective systems management.

-Decrease in currency conversation requirements and costs.

Tina Brandon is an expert in International Bank Transfers designed to increase revenues while mitigating risk. For over 15 years, high volume merchants have relied on her expertise to successfully establish and diversify payment processing accounts with banks and payment processors throughout the world. For more information, please visit http://www.merchantaccountsoffshore.co.uk

Banking

Modern Blood Bank Equipment

Blood bank equipment as the name suggests is the apparatus used in blood banks and hospitals. It is a kind of medical or laboratory equipment. Blood is a very important element of our life. Blood banks perform the significant job of storing this vital crimson colored body fluid for various groups, so as to provide it to the patient when the need arises. This vital body fluid can save the life of a person; this can give a new life to the one in need. The blood bank equipment is used by various blood banks, hospitals, research centers, and clinical laboratories all over the world for the collection and processing of blood, especially the human blood. These pieces of equipment are indispensable for the functioning of the aforementioned organizations.

All types of blood bank equipment come under four prime categories viz. collection, storage, testing, and blood bank accessories. The list of the modern blood bank paraphernalia is very long, and they are being very widely used these days. Since it is not feasible to explain each and every type of blood bank apparatus in detail, some of the prominent types of such apparatus are mentioned under:

1) Tube Sealer: It is a compact equipment meant for sealing the blood bag pilot tube by employing the ratio frequency sealing system. This apparatus can seal with an average speed of one tube per 1.5 seconds. The tubes so sealed can be easily separated by pulling the sealing joints by both the sides.

2) Collection Monitor: It is a sophisticated piece of apparatus used for the purpose of monitoring the blood donation process. Also called the blood collection mixer, this apparatus makes sure that the quantity of this claret fluid taken from the body of the donor is not more than the prescribed quantity. It also acts as an anticoagulant agent to prevent blood clotting. No doubt, this apparatus is a must for any hospital or blood donation camp.

3) Blood Bank Refrigerators: This is a kind of specialized refrigerating device used for the purpose of storing the vital body fluid named blood. This apparatus is widely used in hospitals, clinics, blood banks, etc. It is also used for storing certain vaccines and biological products which require very cool ambient. This is a very high quality laboratory equipment, properly insulated from all sides in order to sustain the cold temperature inside.

4) Plasma Expressor: This electromechanical device is meant for separating the plasma from the crimson colored body fluid. The conventional separator requires the use of monitor in performing the job that a contemporary plasma expressor equipped with an optical sensor, can perform in a much easy and efficient manner.

5) Donor Chair: This chair comes under the category of blood bank accessories. This is a special type of chair on which the person donating the blood can almost lie down and be comfortable. This chair provides the correct posture to the donor, required for the proper flow of this vital fluid from his body. The seat and back covers of this chair are generally made of materials like leather and vinyl.

Besides the above-mentioned blood bank equipment, there are numerous other apparatus as well. For acquiring further information about various types of blood bank products, you may visit Laboratory Equipment World.

Article Source: http://ezineseeker.com/?expert=Umesh_Gope

Banking

IT Jobs In Bank

 

Banks have become the most sought out places to work in with banks expanding not only in the form of increased number of branches, but also in the shape of increased financial services. It is found that with the evolution and development of e-commerce, banks have largely embraced the IT sector with more jobs that play an important role in the effective organizational functioning. IT qualification gives you the opportunity to work in a globally developing banking industry, with even routine transactions like cash withdrawal, deposits, drafts and overall checking being done with the computer enabled technology.

It is worthwhile to note that it is the employment of IT graduates that has helped banks to significantly contribute towards net banking facilities and IT infrastructure that is necessary for growth and development. A graduate in IT; computer science, hardware and software management has made it possible to get competent persons with excellent troubleshooting skills and with a good understanding of internet and intranet operations. It is IT personnel that are specialized to also handle electronic peripherals.

It is again significant to note that banking jobs offer lucrative packages, with some offering attractive medical, leave concession, leave travel and other dental, retirement and pension packages. In addition benefits in terms of loans without interest/very low interests also form attractive benefit packages. The IT jobs in banks are many and it is significant to note that with globalization and development of IT services the scope for IT graduates in banks is going to increase by leaps and bounds.

Technology is something that banks have to embrace and make an integral part; it is technology that helps banks to establish their superiority over other banks and also helps them to bring out quality services and products. An IT graduate with a sound knowledge of hardware and software technology can be easily utilized both as a fresher and experienced job aspirant.

They could be utilized as IT specialists to perform managerial tasks and also provide the technical expertise and assistance for those using these services. These IT specialists also perform the job of making sure to avoid illicit IT usage and also scan them for potential threats both in the hardware and software usage. Further they could become IT managers and be responsible for the administration of the bank’s intranet connections, telephones, VoIP systems and the bank’s local and wide area networks and ensure their proper working. IT managers train the bank employees to use the banking software system and also take care of the systems being updated for efficiency.

The next important job that has been developed by the introduction of IT into banking is Internet banking manager. These specialized people are responsible for ensuring the smooth functioning of the bank products and services that are sold on the internet. These managers also ensure that the e-banking services of the bank are properly developed and implemented. Managers that look into internet banking take care to ensure that the customer’s queries are answered and problems solved to their satisfaction; these managers are assisted in their work by a team of other professionals.

These are some of the important IT jobs in banks that ensure their smooth functioning.

Nitin Gurmukhani writes on behalf of various career portals in India. He writes on topics like bank jobs in India, eligibility for banking careers, mba jobs, bank exams 2012 and improving work concentration.

Banking

Bank clerical jobs

It was noted the 5.31 lakh candidates passed the Bank Clerk Recruitment last years thus rising questions concerning the numbers that may be able to pass Bank Clerk Recruitment 2012. It is important that the examination council consider making the examination harder as more candidates manage to pass the qualification level.
The elimination round is meant to reduce the numbers of student substantially so as to leave a few that could be thoroughly tested to select only the best. The sudden increase of qualifiers has made the job once again hard for the examination authorities. Last year a substantial number of women were also noted to have passed the exams. Approximated 2 lakh women qualified for bank jobs but it was also noted that vacancies remained fewer thus leading to more elimination rounds.
This has come as a welcome surprise since women had fewer attendance of exams held to recruited candidates for bank jobs in the past. This has led many organizations protection women’s rights to protest but this has been no ones fault except for the women themselves who choose to avoid the exams. With more women graduating from high school and collages, there has been a steady increase in the number of women attending the exams. According to statistics a large percentage on women have confirmed seats for the IBPS Clerk Recruitment 2012 thus meaning there may be more women selected this year.
Reservations have also meant that certain sections of society have better odds of being selected in Bank Clerk Recruitment 2012 based on gender and caste. As the government fights the cast differences and gives SC and OBC a better chance to secure jobs in banks it is important that the numbers be maintained equally to avoid one section of society dominating the other. Attitude at work has also been noted to be a major concern when dealing with the caste issue since some people are not ready to accept other caste in the work place.
To avoid any form of confrontation that could bring negative publicity to the organization or bank, all candidates must be able to pass a training session after the Bank Clerk Recruitment 2012 which would help identify individual’s that may hold grudges with the opposite caste while working in one premises. Failure to pass the test would mean not being recruited for bank jobs. Just passing the IBPS Clerk Recruitment 2012 does not ensure candidates of bank jobs as them still need to prove their qualities of working as a team.

 

Get tips for bank jobs, tips for bank clerk recruitment 2012 and download syllabus for IBPS clerk recruitment 2012 at jagranjosh.com

Banking

Bank Jobs in India

Statistics show that 40% of the Indian population is made up of youth, accounting for an incredible 460 million people and 10% of the youth attend IBPS recruitment or bank recruitment exams which are compulsory to secure bank jobs. This results in stiff completion for the few bank jobs available each year; approximately 30,000 bank jobs vacancies are available on a yearly basis. The high number of candidates applying for the bank jobs available thus leads many bank recruitment exams to be even more competitive.

IBPS recruitment is one such examination aimed at reducing the candidates aiming to secure bank jobs. It tests them of different technical and general fields thus helping narrow down the competition to a smaller number of selected individuals. The selected candidates than need to attend further interviews where they are scrutinized thoroughly through a series of interviews to further eliminate individuals that may not have the required skills to qualify for bank jobs.

Bank recruitment plays a major role in India as the number of aspiring candidate is high and each one wants to secure a permanent job with the national and private banks. The job security is what attracts the huge numbers of youth to apply for the few jobs. This works positively for the banks as they get to choose the best candidate from across the nations to fill the vacancies for bank jobs available. For the candidates aspiring to get the jobs it is a different story as they need to consider several factors before attempting to take the exam.
* Language has been noted to be the main cause of concern in recent years as many bank exams require being completed in English. This has been the biggest challenge to most candidates that are unable to meet the required standards due to the poor English fundamentals and grammar.
* Lack of the required skill and general knowledge also leads to many candidates failing the bank exams since many tend to ignore current affairs. IBPS recruitment exams and most other bank recruitment exams have a long list of question that come in the general knowledge. The paper carries current affair questions from both the local and international field. Within these fields there are further categories that require to be filled such as finance, environment, sport and politics among many more.

These are specifically aimed to note if the candidate are keeping in touch with current affairs as the questions could ask any thing. Candidates must to have an idea of current affairs to be able to answer them during IBPS recruitment or bank recruitment exams to be able to be shortlisted for bank jobs.

 

Get tips for bank recruitment, tips for bank jobs and download syllabus for IBPS recruitment exam at jagranjosh.com

Banking

Bank jobs in Pakistan

If you are a person wanting for a career in Pakistan, then we can say that you have got the most beneficial thought, as there are lots of employment opportunities in Islamabad to be grabbed. Pakistan is surrounded by countries like gulf of omen, China, India and the Arabian Sea. Pakistan is the most populated country having Islamabad as its capital, and currently the country had become more urbanized, with many textiles, chemicals, and food processing factories booming to the peak.  Industrialization is so widely spread that there are lots of engineering jobs in Pakistan.  Along with the growing economy, the jobs in Pakistan are also growing rapidly. There are many engineering students who are eager to take up jobs in different sectors. The reason for this may be due to the widespread interest in: The engineering imparting institutions are growing in a great pace at Pakistan; there are lots of multinational companies who have invested in the engineering sectors at Pakistan and there is a great demand for engineering students as the engineering sector had grown steadily.  All these reasons made the engineering job as the hot cakes to be stolen away.

 

When we speak of engineering jobs, it relates to all the sectors like the mechanical, aeronautical mechanical and more. People, who want to apply for jobs in Pakistan, can do by way of on-line job providers’ sites; few sites provide the best end hiring solution for the recruiters. Currently the video Resumes are the most sought for as the logic is few minutes of video is worth more than thousand words of writing or a glimpse of a photo. You can very easily attach a video to your bio-data or in fact just provide only a video resume. This way you can impress your employer by your best communicative and intellectual skills.

 

Bank jobs in Pakistan are also a paragon choice. The economy of Pakistan is growing rapidly and since there are many openings in different fields, the banking sector has also grown at a greater speed.  Banking sector is the backbone for all the other sectors, since all the sectors like the agriculture, engineering, sales and all others main source is funds and this fund comes only from the banks. Financial services and the banking sectors are the most preferred and favorite among the people as of now, as they provide the job security and satisfaction. They have a standard time, giving space for personal life too. The rapid development of the country had opened many banking sectors and job hunters can easily get placed in the top class bank jobs. The sales job in Pakistan are also no way far behind, they are the next preferred among the youngsters and fresh graduates. Sales is a vital part of any organization, the uniqueness in this sales job is that the growth of your career is purely in your hands, the more you are able to target in sales, the more you will be rewarded, and thus this is purely your effort and hard work, and thus we can say that the sales job in Pakistan is the most lucrative one.

If you are a person wanting for Careers in Pakistan, then we can say that you have got the most beneficial thought, as there are lots of Engineering Jobs in Pakistan to be grabbed. PakBrains is Pakistan’s number 1 jobs website offering unique features like Video Resumes, inside connections and more.

Banking

Canara Bank Recruitment 2012

One who is interested in Canara bank recruitment can visit the website of the bank. There he/she will find all details such as exam, date, syllabus, results, advertisement, application form, apply online and various centers across India.  This bank was founded by Shri Ammembal Subha Rao Pai, who was a great philanthropist and a visionary at Mangalore. Today, a premier position has been occupied by Canara Bank in the world of Indian banks. A wide array of delivery channels are provided by this bank. It has over 2000 ATMs. This is one of the highest of all nationalized banks. It covers more than 732 centers. There are 2681 that provide mobile banking and internet banking services. There are 2091 branches that offer anywhere banking services. Under the settlement and advanced payment system, all branches of this bank are enabled for offering NEFT and RTGS.   

A person has to meet a lot of eligibility criteria for Canara bank recruitment.  A person should be either a:

•  Subject of Nepal
•  Subject of Bhutan
•  Citizen of India
•  A Tibetan refugee who has come to India with an intention of settling there permanently.

A candidate will be allowed only if he is having an eligibility certificate that has been issued to him by the government.  The candidate can apply for Canara bank recruitment only if he shows the certificate by the government.
There has been a relaxation in upper age limit as well.

•  The relaxation limit for scheduled tribes and scheduled caste is 5 years
•  The relaxation limit for OBC is 3 years
•  The relaxation for people with disability is 10 years

The payment of application fees should be made directly by:

•  Crediting the amount directly in any branch of the Canara bank
•  Print out of the payment challan can be taken from the website
•  The particulars that is the name, city, amount and the post should be mentioned
•  The amount and fee payment challan should be submitted in any branch of Canara bank
•  The candidate’s copy of the fee payment challan should be collected

Candidates must have an email ID that is valid and personal. If he doesn’t have an email ID, a new email ID can be created. This ID should be valid during the project. The requisite fee should be remitted by the candidates. If the payment details are not valid, the application will be rejected summarily.  Candidates can visit the website of the bank. application form.

Selection for the canara bank recruitment 2012 will be made on the basis of the marks that have been obtained in IBPS examination. The interview will be of 100 marks. Candidates who are in the final year should not apply. They must have a basic knowledge about computers.

SarkariExam is the first job Portal in India dedicated to provide details of all Government Jobs. Explore sarkari naukri, bank jobs, canara bank recruitment and much more.