National Pension Scheme

National Pension Scheme [Defined Contributory Pension Scheme] This is oblivious question in mind of employees that- what NPS (New Pension Scheme) is? Let’s go in detail: This covers all the employee appointed on or after  1st April 2010. NPS Governing body is the same which is working for employee of central government. Banks looks after transfer of fund from employees to pension fund...

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Banks Organisational Structure

Banking is an organisation with different departments to serve financial activities of customer, but normally, customers are unknown with the organisational hirerachy of the bank and its working culture, here I'm listing hirerachy of bank ·         Chairman and Managing Director (CMD)- CMD is head of bank ·         Executive...

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What is UTR NUMBER?

UTR- Unique Transaction Reference On every transaction bank generates a reference number as identity of every transaction. Similarly every RTGS or NEFT has a Unique Transaction Reference that is not similar to any other banks transaction of NEFT and RTGS. This is alphanumeric in character with 22 variable normally containing banks code, dates, serial number etc in it. In payment confirmation...

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ATM Card not working. What to do in this case

Reasons why your ATM Card is not working Problem due to link failure ATM Card i.e. Debit Card don’t work due to many reasons If it’s not working check it…if the same is working in other ATM machine or not. Some time problem is not with card it is with machine or there is problem of link for which it generally give message like “Service Unavailable” . It is also possible that no money is...

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How To Transfer Money From One Bank To Another via RTGS or NEFT?

NEFT & RTGS Both are the latest trend of transferring money from one bank to other... now due to this development we don’t need to take cash from one bank branch to another nor we have to make DD and submit it or carry it to other bank both are interbank transfer, only difference between them are RTGS is for more than Rs 200000/-(Two Lakh) and its settlement is done in a hr but it NEFT...

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Top 10 Uses of ATM you may not know

Cardholders can use their card for availing facility of balance enquiry and cash withdraw from any bank’s ATM it is not necessary to have ATM of same bank, branch or pace for these.Visa /Master/Rupey Debit cards issued by the bank for accessing above services. Customers with Savings accounts current accounts and Over Draft accounts can get Debit cards from bank. Account which are not allowed to...

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