ditor of Yog Sandesh Magazine and CEO of Patanjali

This list of highest paying jobs in India is based upon various parameters. They include net worth, monthly or annual income and nature of work. So be ready to be pleasantly surprised or amused at these highest paying jobs in India.

1. Spiritual Leader
Working or becoming a spiritual leader is the highest paying jobs in India. Whether you’re a spiritual leader on own merit or work for some spiritual organization, there’s no other profession that can send your net worth skyrocketing.
Signs he doesn't love you anymore
Acharya Balakrishna, an associate of Yoga guru Baba Ramdev is the richest spiritual leader in India. He’s also the editor of Yog Sandesh Magazine and CEO of Patanjali Ayurved, the fastest growing FMCG firm. He’s also an Ayurveda practitioner.

With an estimated net worth of US$.1.5 billion, Acharya Balakrishna is the richest spiritual leader in India. In fact, most spiritual leaders of India feature in Forbes and Fortune lists as richest persons in this country and the world.

Educational Qualifications: No specific qualifications.

2. Cricket Player
Cricket player is the second highest paying jobs in India. No, I’m not talking about all the extra money that top Indian cricket stars rake in from brand endorsements and advertising. Instead, we’re discussing salaries here.

moneypears alltechlinkz moneypears alltechlinkz moneypears alltechlinkz moneypears alltechlinkz moneypears alltechlinkz moneypears alltechlinkz moneypears alltechlinkz moneypears alltechlinkz moneypears alltechlinkz

carefully, it will be clear that bank frauds haven’t really affected

Interestingly, India Post Bank is the largest non-lender bank in India. It has over 155,000 branches across the country that operate from post offices.

However, India Post Bank or IPPB has yet to offer several digital banking services that are common with other banks. This is being done in phases.

Closing Thoughts
Coming back to the question, how safe is your money with banks in India. I would say your money is very safe. If we read newspapers carefully, it will be clear that bank frauds haven’t really affected any customers.

Despite such a high number of frauds, it’s very rare that customers of a bank are seriously affected.

Obviously, banks try their best to avoid frauds and prevent any problems for their customers. Customers too can help in their efforts by providing proper KYC details and ensuring their account information doesn’t leak into wrong hands.

pay you the money directly. Instead, the liquidator or organization

If you have more than one account at the bank, the DICGC will pay Rs.100,000 or lower for every account. That’s because every account has separate insurance. For example, if you have one account with Rs.150,000 deposit and another with Rs.10,000, the maximum you’ll get is Rs.100,000 for the first and Rs.10,000 for the second.
Secondly, the bank will not pay you the money directly. Instead, the liquidator or organization that a court appoints will process your claim and pay the money. This money comes from DICGC. Therefore, you will not get money directly from DICGC either.
Thirdly, the amount of Rs.100,000 or lesser will be paid within two months of the closure of the bank. The process to close a bank is pretty long. This means, it’s only when RBI declares a bank as closed and an appropriate court appoints a liquidator, you can get the money.
You have to submit all documents that prove you hold an account with the bank under liquidation. The liquidator can take time to check your documents and validate your claims. This time is necessary because closure of a bank affects tens of thousands or even millions of customers.
As the above information clearly indicates, you will get only a maximum of Rs.100,000 per account if a bank closes down for any reason.

every bank has to insure itself with the Deposit

this important question.

There are countless reasons for bank frauds. These include lax vigilance of internal systems, frauds in Know Your Customer (KYC) documents by customers and lots more.

How Safe is Your Money at Banks in India?
Under existing laws of India, all commercial banks operating in this country- including foreign banks- have to get a license from the Reserve Bank of India and other relevant departments of the Indian government.

Therefore, every bank has to insure itself with the Deposit Insurance & Credit Guarantee Corporation (DICGC), a subsidiary of the Reserve Bank of India. Remember, no bank can operate in this country without an insurance from DICGC.

And DICGC plays a very important role to ensure your money is safe with banks in India. However, there’s a limit to the safety of your money with banks in India.

Role of DICGC & Safety of Your Money
DIGCG covers all your Savings, Current, Recurring Deposit, Fixed Deposit and every other account you hold at any bank in India.

However, DICGC will pay you only a maximum of Rs.100,000 per account if the bank has to close down for any reason.

Let me explain this further.

Getting Rs.100,000 from DICGC
Though DICGC insures every bank and their depositors, getting the Rs.100,000 or lesser usually takes some time. Therefore, I suggest you read these guidelines of DICGC to know how safe is your money with banks in India.

Firstly, you’ll get Rs. 100,000 for Savings, Current, Fixed Deposit and Recurring Deposit only if you have that much amount or more in the account. Meaning, if you have only Rs.10,000 in your account, you will get only Rs.10,000 or so. However, if you have Rs.1 million in a single account, the maximum you’ll get is Rs.100,000 only. You won’t get any interest

scam or fraud and has to suspend or close operations.

Sadly, senior citizens and retirees who invest savings of their lifetime because some bank offers half to one percent higher interest are worst hit when a bank gets hit by scam or fraud and has to suspend or close operations.

Shareholders & Other Investors
A scam directly affects the bank’s shareholders. Stock prices of the scam or fraud hit bank come tumbling down on the stock exchanges. Once reports of a scam or fraud get into the news, shareholders rush to sell off their stocks. As a result, the once profitable stock begins losing value.

It also impacts investors in Exchange Traded Funds (ETFs) and Mutual Funds (MFs). That’s because an ETF or MF could have invested in stocks of the affected bank.

In fact, lots of ETFs and MFs in India invest part of their money taken from the public on buying Mutual funds and bank stocks because they’re profitable.

When stocks of a bank start spiraling downwards, the value of your ETF and MF investments will also nosedive. Even a highly adept Fund Manager handling an MF from a respectable Asset Management Company (AMC) can do little to prevent this downward slide.

Business Sector
The business sector is worst hit when a scam or fraud hit bank suspends or stops operations. Companies that hold accounts in the scam-hit bank are affected since they might be unable to operate their accounts for regular transactions.

Unless you’re careful with your money, that is.

Maybe you’ve read news reports of somebody passing away because they couldn’t pay for a live-saving surgery. Not because they were poor. But just because they couldn’t withdraw money from their bank on time because it was hit by a fraud or scam and had to close down.

Or someone that committed suicide or even suffered a heart attack because they lost lifetime savings kept at some bank.

As you would know, these are real-life stories that we read on newspapers or watch on TV. And why do they occur? Because banks in India are frequently hit by scams and frauds.

Unfortunately, scams and frauds that affect banks in India affects millions of people every year. And you could be one among those too. Unless you’re careful with your money, that is.

Just in case you don’t know how bank scams affect people’s life, here’re some details.

How Bank Scams Affects People
bank money safety

Bank scams and frauds don’t affect only their customers. Indeed, they have a negative impact on several other people as well as industries.

to the right of your page, nearing the end

How to Create a Naukri Account
Step 1. Go to the Naukri.com website
Step 2. Click on Login
Step 3. Register Now
Step 4. Fill in your details and proceed
Step 5. Look for jobs that fall under your interests
Obviously, you would have followed these steps to create your Naukri.com account. Now let’s see how we can delete or deactivate this account.

How to Delete Naukri Account
Step 1. Log-in at Naukri.com
To delete a Naukri.com account, you’ll require your email ID and the password you used to create it.

Once you have successfully logged in, you will see the Naukri.com logo at the top of your screen. Alongside this logo, to the right of your page, nearing the end, will be a ‘My Naukri’ option. Select this option.

Step 2.  Go to ‘Settings’
After clicking on ‘My Naukri’ you will be given 11 options below. Select the option that says ‘Settings’.

Step 3. Visit ‘Read More’
After clicking on settings, you will be taken to the page through which you can manage your profile.

Scroll down and at the bottom of the page you will find a subhead that says ‘Not looking for a Job change right now’. Below this will be an option to read more. Select this option.