Bank account errors hold up scholarship for 2,400 students

  • | Saturday | 4th November, 2023

PUNE: Errors made by school authorities or parents in the bank account details have led to deserving students missing the middle and high school scholarships for 2022 and 2023. Maharashtra State Examination Council which conducted the scholarship examination awarded scholarships to 4,642 students. Of these, as many as 1,380 students in Std V and 1,022 in Std VIII have incorrect bank account details, officials of the education department said. Students who pass Std V and Std VIII scholarship examinations each year receive a monthly amount for performing well in the exams. More than 2,400 students in Maharashtra have not received the amount in their bank accounts for the past few months because their schools have wrongly entered the bank details and the state education department has failed to rectify them.Meanwhile, officials in the education department said that the rectification work is ongoing and beneficiaries would receive the scholarships by November-end.The scholarship amount cannot be given to the students since their bank account details are incorrect, Anuradha Oak, commissioner of exam council, said.The schools have not yet submitted the information not only in 2022 but also in 2023. All schools are expected to take necessary action. However, schools have been delaying submitting the information. We have also told schools to send a report on the proceedings. If students are deprived of the scholarship, schools will be held responsible, Oak added.We also published the following articles recentlyTVS Group unveils Rs 100crore corpus fund for engineering scholarshipsTVS Group has announced a scholarship worth Rs 100 crore for engineering students in Tamil Nadu. The TVS Cheema Scholarship will provide financial support to 500 deserving students each year, focusing on mechanical engineering. It will cover tuition, boarding fees, and study materials for the duration of the course. TVS Group plans to collaborate with premier educational institutions like IITs and NITs to identify deserving candidates. The scholarship was unveiled by Tamil Nadu CM MK Stalin and Venu Srinivasan, chairman emeritus of TVS Motor, during the centenary celebrations of T S Srinivasan, one of the key founders of the group.NPS exit rule change: Rules for withdrawal request, updating subscribers bank account details modified by PFRDA; details hereThe Pension Fund Regulatory and Development Authority (PFRDA) has made it mandatory to verify bank accounts instantly for timely processing of National Pension System (NPS) funds. Verification will be done through the penny-drop method, and successful verification is necessary for processing withdrawal requests. If verification fails, the CRA will work with the relevant office to update the subscribers bank account information. The provision applies to all sectors and types of withdrawals and account modifications.State schools hold spl classes during puja vacation for boards studentsTo make up for the academic loss during the puja vacations, several government and aided schools in Kolkata have decided to conduct special classes or online classes. Senior students in classes IX to XII will have selection tests just after the vacation, so schools are utilizing this time for last-minute preparation. Some schools are conducting extra classes, while others are using virtual methods to keep in touch with students and provide assistance. Teachers are conducting online classes and helping students clear their doubts through online groups.

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