Daily Archives: February 1, 2016

MGNREGA completes 10 years

Mahatma Gandhi National Rural Employment Guarantee Act The Journey of a Decade  The Mandate of the Act and Achievements The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) completes ten years of implementation on 2nd February 2016. The achievements of a decade are a cause of national pride and celebration. Since the start of the… Read More »

FAQ’s on Speed Clearing

(Updated on June 30, 2015) 1. What is Speed Clearing ? Speed Clearing refers to collection of outstation cheques (a cheque drawn on non-local bank branch) through the local clearing. It facilitates collection of cheques drawn on outstation core-banking-enabled branches of banks, if they have a net-worked branch locally. 2. Why Speed Clearing ? The… Read More »

All about RTGS ( Real Time Gross Settlement )

Q1. What is RTGS System? Ans. The acronym ‘RTGS’ stands for Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds transfers individually on an order by order basis (without netting). ‘Real Time’ means the processing of instructions at the time they are received rather than at some later time;… Read More »

Know about NEFT (National Electronic Funds Transfer )

Updated on 24/07/2015 Q.1. What is NEFT? Ans: National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer. Under this Scheme, individuals, firms and corporates can electronically transfer funds from any bank branch to any individual, firm or corporate having an account with any other bank branch in the country participating… Read More »

All about ATM /White ATM (Automated Teller Machine )

updated on 29/01/2016 Q.1. What is an Automated Teller Machine (ATM)? Ans 1. Automated Teller Machine is a computerized machine that provides the customers of banks the facility of accessing their account for dispensing cash and to carry out other financial & non-financial transactions without the need to actually visit their bank branch. Q.2. What… Read More »

Protected Disclosures Scheme for Private Sector and Foreign Banks

Protected Disclosures Scheme for Private Sector and Foreign Banks Introduction 1.1 Disclosure of information in the public interest by the employees of an organisation is increasingly gaining acceptance by public bodies for ensuring better governance standards and probity / transparency in the conduct of affairs of public institutions. Large scale corporate frauds had necessitated, internationally,… Read More »

Contact for online Consumer complaint against agencies

Online Consumer complaint Online Consumer complaint against Banks Deposits and banking Banking Ombudsman – https://www.rbi.org.in/commonman/English/Scripts/AgainstBank.aspx  Consumer complaint against Non Banking Financial Companies (NBFC) To Company Law Board To Consumer Forum To Civil Courts Online Consumer complaint in Insurance related matters To insurance Regulatory and Development Authority  :http://www.policyholder.gov.in/ Online Consumer complaint against companies mismanagement Annual report , Non receipt… Read More »

Intellectual Property Rights commonly asked questions

What is Intellectual property ? Intellectual property refers to creations of the mind: inventions; literary and artistic works; and symbols, names and images used in commerce. Intellectual property is divided into two categories: Industrial Property includes patents for inventions, trademarks, industrial designs and geographical indications. Copyright covers literary works (such as novels, poems and plays), films,… Read More »