Silver Savings Account Nil Nil INR 21 for FinancialINR 8.50 for Non-Financial after free transactions Basic Savings Bank Account Nil Nil Nil Easy Receive Savings Account INR 150 p.a.For Gramin locations – INR 99 p.a. INR 15 per quarter Nil Defence Salary Account Nil Nil Nil Bank@Campus ...
The expression 'ordinary rate of wages' means the basic wage plus allowances including the cash equivalent of the advantages. The advantages can be in the form of giving concessions to the worker for purchasing food grains and other essentials. However, it does not include a bonus. Notice List...
In addition to basic needs like health care and shelter, the minimum wage was designed to enable individuals to pay for these other necessities. The result was the Minimum Wages Act 1948. A detailed procedure for determining minimum wages was outlined in the Act. It was the duty of the appr...
Cost Impact on Employers Raising the Basic Salary to RM900 per month would have a substantial increase in labour cost, after factoring in the multiplier effect of cost such as overtime, incentive, allowances, bonuses, EPF, levy and other expenses for foreign workers, as computed by MPMA, ...