APY is a flagship social security scheme of the Government of India administered by PFRDA, aimed at providing social security to Indians, particularly the poor and underprivileged.
Launched on May 9, 2015, the scheme is open to citizens aged 18–40 years with a savings bank account (except income-tax payers from 1st October 2022)
The scheme guarantees a minimum monthly pension of Rs 1,000 to Rs. 5,000 after the subscriber turns 60, with the same amount payable to the spouse after the subscriber’s demise and the accumulated pension wealth given to the nominee after both pass away.
Contributions are made through auto-debit at monthly, quarterly, or half-yearly intervals until age 60, and if returns are inadequate to fund the guaranteed pension, the shortfall is met by the Government.
APY surged from 1.54 crore enrolments in March 2019 to 8.27crore subscribers by October 5, 2025.
For FY 2024-25, Jharkhand, Bihar, and Tripura were recognized as top-performing states in the APY for their SLBCs
(By: Aparchit)
Launched on May 9, 2015, the scheme is open to citizens aged 18–40 years with a savings bank account (except income-tax payers from 1st October 2022)
The scheme guarantees a minimum monthly pension of Rs 1,000 to Rs. 5,000 after the subscriber turns 60, with the same amount payable to the spouse after the subscriber’s demise and the accumulated pension wealth given to the nominee after both pass away.
Contributions are made through auto-debit at monthly, quarterly, or half-yearly intervals until age 60, and if returns are inadequate to fund the guaranteed pension, the shortfall is met by the Government.
APY surged from 1.54 crore enrolments in March 2019 to 8.27crore subscribers by October 5, 2025.
For FY 2024-25, Jharkhand, Bihar, and Tripura were recognized as top-performing states in the APY for their SLBCs
(By: Aparchit)
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Key Questions Asked in SBI CBO Interview 2025
MSME Sector:
What are MSMEs, and how do they contribute to the Indian economy?
What are the major hurdles faced by MSMEs in the current scenario?
What measures can banks and the government take to improve MSME access to finance?
Supply Chain Finance:
Explain the concept of supply chain finance and its relevance to MSMEs.
How can banks strengthen their role in supply chain financing?
Priority Sector Lending (PSL):
What is PSL, and why is it important for the Indian banking system?
Under PSL, how is housing loan classification determined?
Digital Banking and Product Awareness:
What are the recent innovations in SBI’s digital banking segment?
How do SBI’s digital products help in financial inclusion and customer satisfaction?
Interest Rate Concepts:
Why are personal loan interest rates higher compared to housing loan rates?
How does risk assessment influence lending rates?
Current Affairs and General Awareness Questions
The panel also included questions from recent events to assess candidates’ general awareness and ability to connect economic and social developments with banking. Some examples include:
Questions on Asia Cup Hockey and Commonwealth Games 2030, testing awareness of sports and national achievements.
Queries related to India’s economic growth, inflation trends, and RBI’s monetary policies.
Situational and Personality-Based Questions
Why haven’t you been promoted in your current role yet?
If joining SBI results in monetary losses, would you still prefer this position?
MSME Sector:
What are MSMEs, and how do they contribute to the Indian economy?
What are the major hurdles faced by MSMEs in the current scenario?
What measures can banks and the government take to improve MSME access to finance?
Supply Chain Finance:
Explain the concept of supply chain finance and its relevance to MSMEs.
How can banks strengthen their role in supply chain financing?
Priority Sector Lending (PSL):
What is PSL, and why is it important for the Indian banking system?
Under PSL, how is housing loan classification determined?
Digital Banking and Product Awareness:
What are the recent innovations in SBI’s digital banking segment?
How do SBI’s digital products help in financial inclusion and customer satisfaction?
Interest Rate Concepts:
Why are personal loan interest rates higher compared to housing loan rates?
How does risk assessment influence lending rates?
Current Affairs and General Awareness Questions
The panel also included questions from recent events to assess candidates’ general awareness and ability to connect economic and social developments with banking. Some examples include:
Questions on Asia Cup Hockey and Commonwealth Games 2030, testing awareness of sports and national achievements.
Queries related to India’s economic growth, inflation trends, and RBI’s monetary policies.
Situational and Personality-Based Questions
Why haven’t you been promoted in your current role yet?
If joining SBI results in monetary losses, would you still prefer this position?
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ISRO's LVM3-M5 rocket, nicknamed 'Bahubali', has successfully launched the 4,410 kg CMS-03 (GSAT-7R) communication satellite from the Satish Dhawan Space Centre in Sriharikota.
This marks the launch of the heaviest satellite to be sent into a Geosynchronous Transfer Orbit (GTO)from Indian soil.
The mission aims to provide services across a wide oceanic region and the Indian landmass.
This marks the launch of the heaviest satellite to be sent into a Geosynchronous Transfer Orbit (GTO)from Indian soil.
The mission aims to provide services across a wide oceanic region and the Indian landmass.
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The Indian women's cricket team kept its date with history by winning its first-ever World Cup with a 52-run victory over South Africa to script a golden chapter in the country's pantheon of sporting achievements at the DY Patil Stadium in Navi Mumbai
Winner Prize Money: The winning Indian team was given an all-time high prize money of 4.48 million (around Rs 37.3 crore) which indicates a 239 percent growth over the last time.
Runner-up Prize Money: South Africa was given 2.24 million dollars (around Rs 18.6 crore), which is more than two-fold of what it used to pay out as rewards to the runner-ups.
The 2025 ICC Women's Cricket World Cup was the 13th edition of Women's Cricket World Cup. It was India's fourth time hosting the World Cup after the 1978, 1997 and 2013 editions.
This was jointly hosted by India and Sri Lanka
Winner Prize Money: The winning Indian team was given an all-time high prize money of 4.48 million (around Rs 37.3 crore) which indicates a 239 percent growth over the last time.
Runner-up Prize Money: South Africa was given 2.24 million dollars (around Rs 18.6 crore), which is more than two-fold of what it used to pay out as rewards to the runner-ups.
The 2025 ICC Women's Cricket World Cup was the 13th edition of Women's Cricket World Cup. It was India's fourth time hosting the World Cup after the 1978, 1997 and 2013 editions.
This was jointly hosted by India and Sri Lanka
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State Bank of India has launched 'SBI STAR', an annual award recognizing employees' excellence beyond professional roles in arts, sports, social work, and more.
This initiative aims to celebrate the diverse talents and personal accomplishments of its over 2,45,000 employees, fostering a culture of recognition and pride.
This initiative aims to celebrate the diverse talents and personal accomplishments of its over 2,45,000 employees, fostering a culture of recognition and pride.
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