PS RRB PO Main 2019: Check State-Wise Cut Off
IBPS has released the rrb po mains cut off 2019. All the candidates who have appeared for rrb po mains can check their cut off for rrb po mains here. IBPS RRB PO Main examination 2019 was held on 13th october 2019.
Cut-off of all the states have been given below in tabular form. Aspiring Bankers can go through the cut-off of all the states and prepare a foolproof strategy accordingly.
States Cut-off
Arunachal Pradesh 66.56
Andhra Pradesh 79.81
Bihar 86.25
Chhattisgarh 84.94
Gujarat 55.19
Haryana 92.19
Himachal Pradesh 91.06
Jammu & Kashmir 93.88
Jharkhand 91.13
Karnataka 57.44
Kerala 95.69
Madhya Pradesh 82.56
Maharashtra 54.75
Manipur 68.63
Meghalaya 63.94
Mizoram 92.94
Nagaland NA
Odisha 80.13
Puducherry 91.19
Punjab 99.19
Rajasthan 88.69
Tamil Nadu 86.00
Telangana 71.56
Tripura 60.44
Uttar Pradesh 87.81
Uttarakhand 102.81
West Bengal 87.44
Assam 74.56
IBPS has released the rrb po mains cut off 2019. All the candidates who have appeared for rrb po mains can check their cut off for rrb po mains here. IBPS RRB PO Main examination 2019 was held on 13th october 2019.
Cut-off of all the states have been given below in tabular form. Aspiring Bankers can go through the cut-off of all the states and prepare a foolproof strategy accordingly.
States Cut-off
Arunachal Pradesh 66.56
Andhra Pradesh 79.81
Bihar 86.25
Chhattisgarh 84.94
Gujarat 55.19
Haryana 92.19
Himachal Pradesh 91.06
Jammu & Kashmir 93.88
Jharkhand 91.13
Karnataka 57.44
Kerala 95.69
Madhya Pradesh 82.56
Maharashtra 54.75
Manipur 68.63
Meghalaya 63.94
Mizoram 92.94
Nagaland NA
Odisha 80.13
Puducherry 91.19
Punjab 99.19
Rajasthan 88.69
Tamil Nadu 86.00
Telangana 71.56
Tripura 60.44
Uttar Pradesh 87.81
Uttarakhand 102.81
West Bengal 87.44
Assam 74.56
Interview questions...
Live question/situation based question may be asked ininterview..
As like....
1) What should you do if your branch get fire..
2) What should you do if there is theft attempt occured.
3) If there is huge rush in your branch and situation arises to handle 3 to 4 arguing customers at a time how can u handle the situation
Also some questions related to your graduation
1) How can you apply your engineering field knowledge in bank...
2) What is the use of ur knowledge of Pharmacy/Arts degree in bank
Live question/situation based question may be asked ininterview..
As like....
1) What should you do if your branch get fire..
2) What should you do if there is theft attempt occured.
3) If there is huge rush in your branch and situation arises to handle 3 to 4 arguing customers at a time how can u handle the situation
Also some questions related to your graduation
1) How can you apply your engineering field knowledge in bank...
2) What is the use of ur knowledge of Pharmacy/Arts degree in bank
Failure will never overtake me if my determination to succeed is strong enough. ...
Join @solutiontoall
Join @solutiontoall
Here is the interview experience of Ranjitha K.
Venue: Sri vidya college ,Virudhunagar TN.
Date:22/12/2017
I completed my RRB scale -1 interview. Here, I would like to share my experience. I am from Tamilnadu, the interview was conducted in my regional language ie., TAMIL. I have roughly translated it into English.
My timing was 1:00 p.m. After completing verification, I went for the interview around 2.15 p.m. They called me around 2.50 p.m.
The panel consisted of 3male and 1 female.
Me: May I come in sir,
M1: Yes, come in.
Me: Good afternoon ma'am and good afternoon sirs.
M1: Good afternoon take Your seat.
Me: Thank you, sir.
M1: Are you from Kangeyam in Tiruppur dt.?
Me: Yes sir.
M1: Tell me about your city.
Me: Explained.
M1: Tell me about your family background & educational background.
Me: Told.
M2: Some questions related to crops that we cultivate.(I told my father is a farmer).
Me: Answered.
F1: Gone somewhere away from her seat.
M1: Name the Nationalised banks that HQs in Chennai.
Me: IOB & Indian bank sir.
M3: Only 2 banks I told but it's 3.
Me: No sir I am sure that only 2 banks have their HQs there.
M1: Name the private sector bank that HQ in TN and place where it is located.
Me: Answered and forgot to tell about TMB.
M1: Did you ever hear the word TMB?
Me: Sir Tamilnad Mercantile Bank HQ is in Thoothukudi.
M1: Good.
M3: Which is the 1st railway route in India?
Me: Mumbai to Thane in 1853 sir.
M3: Super!. where is the 1st oil well found in India?
Me: Assam sir.(Thank You Kush sir for your HS).
M3: Again: Major tea producing state?
Me: West Bengal, Assam, and other northeastern states sir.
M1: Who is the president of the US? Previously who held that position? According to
your opinion who is the best?
Me: Told their names and told. Their views are entirely different and both are best in their views but by my point of view Obama is somewhat good and explained with the economic crisis in 2008 and foreign policies.
M1: Ok. Then who is the foreign affairs minister in India and consistency?
Me: Told.
F1: (Back to her seat).
M2: Tell me something about RBI?
Me: Told Some points
M2: These all are basics tell something new.
Me: Remain silent for few seconds and told Mr. Raghuram Rajan is the 2nd youngest gov of rbi.
M2: Smiled
M3: What do you think about BJP after winning major seats?
Me: Replied after 10 seconds sorry sir I dont have any clear idea about that.(Bcoz I dont like politics).
M2: Ask something about SEBI.
Me: Explained
(Finally F1 ask the final question)
F1: Nowadays govt is promoting the cashless economy. What you think about that? And
what are the incentives our govt provide for it?
Me: Explained.
M1: Thank you Ranjitha. Good luck.
Me: Thanked everyone.
It lasted for 10-12 mins. Overall my interview was good. All members except for one were friendly.
BEST OF LUCK TO EVERYONE!!
Venue: Sri vidya college ,Virudhunagar TN.
Date:22/12/2017
I completed my RRB scale -1 interview. Here, I would like to share my experience. I am from Tamilnadu, the interview was conducted in my regional language ie., TAMIL. I have roughly translated it into English.
My timing was 1:00 p.m. After completing verification, I went for the interview around 2.15 p.m. They called me around 2.50 p.m.
The panel consisted of 3male and 1 female.
Me: May I come in sir,
M1: Yes, come in.
Me: Good afternoon ma'am and good afternoon sirs.
M1: Good afternoon take Your seat.
Me: Thank you, sir.
M1: Are you from Kangeyam in Tiruppur dt.?
Me: Yes sir.
M1: Tell me about your city.
Me: Explained.
M1: Tell me about your family background & educational background.
Me: Told.
M2: Some questions related to crops that we cultivate.(I told my father is a farmer).
Me: Answered.
F1: Gone somewhere away from her seat.
M1: Name the Nationalised banks that HQs in Chennai.
Me: IOB & Indian bank sir.
M3: Only 2 banks I told but it's 3.
Me: No sir I am sure that only 2 banks have their HQs there.
M1: Name the private sector bank that HQ in TN and place where it is located.
Me: Answered and forgot to tell about TMB.
M1: Did you ever hear the word TMB?
Me: Sir Tamilnad Mercantile Bank HQ is in Thoothukudi.
M1: Good.
M3: Which is the 1st railway route in India?
Me: Mumbai to Thane in 1853 sir.
M3: Super!. where is the 1st oil well found in India?
Me: Assam sir.(Thank You Kush sir for your HS).
M3: Again: Major tea producing state?
Me: West Bengal, Assam, and other northeastern states sir.
M1: Who is the president of the US? Previously who held that position? According to
your opinion who is the best?
Me: Told their names and told. Their views are entirely different and both are best in their views but by my point of view Obama is somewhat good and explained with the economic crisis in 2008 and foreign policies.
M1: Ok. Then who is the foreign affairs minister in India and consistency?
Me: Told.
F1: (Back to her seat).
M2: Tell me something about RBI?
Me: Told Some points
M2: These all are basics tell something new.
Me: Remain silent for few seconds and told Mr. Raghuram Rajan is the 2nd youngest gov of rbi.
M2: Smiled
M3: What do you think about BJP after winning major seats?
Me: Replied after 10 seconds sorry sir I dont have any clear idea about that.(Bcoz I dont like politics).
M2: Ask something about SEBI.
Me: Explained
(Finally F1 ask the final question)
F1: Nowadays govt is promoting the cashless economy. What you think about that? And
what are the incentives our govt provide for it?
Me: Explained.
M1: Thank you Ranjitha. Good luck.
Me: Thanked everyone.
It lasted for 10-12 mins. Overall my interview was good. All members except for one were friendly.
BEST OF LUCK TO EVERYONE!!
💥RRB PO Interview Call letters Out 💥
https://ibpsonline.ibps.in/rrb8as1jun19/clinta_oct19/login.php?appid=979c0ba1132e2543ffa4ef5f553f5d5b
https://ibpsonline.ibps.in/rrb8as1jun19/clinta_oct19/login.php?appid=979c0ba1132e2543ffa4ef5f553f5d5b
Forwarded from Sachin Kakade
SBI Clerk 2018 Document Verification Process
Once the candidates have cleared the written examination then comes the interview and the document verification phase for the final selection of SBI Clerk. The documents play important role and should always be kept handy in the process of recruitment. Candidate should always keep the original and the self-attested copies of the documents because if they fail to submit any of the important document then they might be rejected in the selection process.
It is important that the candidates should carry the following documents when they are called for the interview round: –
The most important thing is to carry the printout of the valid Interview Call Letter and candidate should also carry the three-passport size photograph.
Candidates should also carry the valid system generated printout of the online application form registered for CWE.
The another most important document is the proof of Date of Birth that is the birth certificate issued by the competent municipal authorities or class X certificate with date of birth.
Candidate should also carry the photo Identify proof and this includes PAN Card, Passport, Driving Licence, voter’s card, Bank passbook with photograph, Aadhar Card or the identity card issued by a recognized college or university and should be submitted to the invigilator for verification.
It should be noted that if the identity of the candidate is in uncertainty the candidate may not be allowed to appear for the examination or the interview.
Candidate should be aware that the Ration Card and E-Aadhaar Card will not be accepted as valid ID proof for this project.
Candidates would need to submit the mark-sheets and certificates for graduation or equivalent qualification or proper document from the recognized university for having completed the degree.
SC, ST and OBC category candidates would need to submit the caste certificate issued by the competent authority in the prescribed format as stipulated by Government of India.
Candidates will have to produce original photo identity proof bearing the name same as it appears on the online application form or the call letter of the interview.
Candidates should carry the photocopy of the photo identity proof as it would need to be submitted along with the examination call letter as well as the interview call letter during the interview.
Join for more info @aimsbi
Candidates who are shortlisted in the examination will get their appointment order from website. It is required that the candidates should keep checking the official website of SBI and should follow the below steps to download the SBI Clerk appointment letter 2019:-
Candidates should visit the official website and click on the careers options on the home page.
Candidates would need to select the Junior Associate Notification link
Candidates would then need to search for the download joining letter link on that.
Candidates would then need to enter the Admit Card number, name and Date of Birth.
The appointment letter will be displayed on the screen on clicking the submit button.
Candidates should take the print out of the joining or the appointment letter from the websit
🤙 @aimsbi
Once the candidates have cleared the written examination then comes the interview and the document verification phase for the final selection of SBI Clerk. The documents play important role and should always be kept handy in the process of recruitment. Candidate should always keep the original and the self-attested copies of the documents because if they fail to submit any of the important document then they might be rejected in the selection process.
It is important that the candidates should carry the following documents when they are called for the interview round: –
The most important thing is to carry the printout of the valid Interview Call Letter and candidate should also carry the three-passport size photograph.
Candidates should also carry the valid system generated printout of the online application form registered for CWE.
The another most important document is the proof of Date of Birth that is the birth certificate issued by the competent municipal authorities or class X certificate with date of birth.
Candidate should also carry the photo Identify proof and this includes PAN Card, Passport, Driving Licence, voter’s card, Bank passbook with photograph, Aadhar Card or the identity card issued by a recognized college or university and should be submitted to the invigilator for verification.
It should be noted that if the identity of the candidate is in uncertainty the candidate may not be allowed to appear for the examination or the interview.
Candidate should be aware that the Ration Card and E-Aadhaar Card will not be accepted as valid ID proof for this project.
Candidates would need to submit the mark-sheets and certificates for graduation or equivalent qualification or proper document from the recognized university for having completed the degree.
SC, ST and OBC category candidates would need to submit the caste certificate issued by the competent authority in the prescribed format as stipulated by Government of India.
Candidates will have to produce original photo identity proof bearing the name same as it appears on the online application form or the call letter of the interview.
Candidates should carry the photocopy of the photo identity proof as it would need to be submitted along with the examination call letter as well as the interview call letter during the interview.
Join for more info @aimsbi
Candidates who are shortlisted in the examination will get their appointment order from website. It is required that the candidates should keep checking the official website of SBI and should follow the below steps to download the SBI Clerk appointment letter 2019:-
Candidates should visit the official website and click on the careers options on the home page.
Candidates would need to select the Junior Associate Notification link
Candidates would then need to search for the download joining letter link on that.
Candidates would then need to enter the Admit Card number, name and Date of Birth.
The appointment letter will be displayed on the screen on clicking the submit button.
Candidates should take the print out of the joining or the appointment letter from the websit
🤙 @aimsbi
Ibps po score display today late evening
Those who shortlisted congratulations👍
And
those who missed result with very less margin do analysis and act accordingly✊
https://ibpsonline.ibps.in/crppot9jul19/ressdpo9a_nov19/downloadstart.php
Join🙏 @solutiontoall
Those who shortlisted congratulations👍
And
those who missed result with very less margin do analysis and act accordingly✊
https://ibpsonline.ibps.in/crppot9jul19/ressdpo9a_nov19/downloadstart.php
Join🙏 @solutiontoall
rvice has been launched to take the banking services to every common man across the country. Banking customers can avail this service by dialing 99#, a "Common number across all Telecom Service Providers (TSPs)" on their mobile phone and transact through an interactive menu displayed on the mobile screen. Key services offered under 99-> service include, interbank account to account fund transfer, balance enquiry, mini statement besides host of other services. 99-> service is currently offered by most of the leading banks & all GSM service providers and can be accessed in 12 different languages including Hindi & English. 99-> service is a unique interoperable direct to consumer service that brings together the diverse ecosystem partners such as Banks & TSPs (Telecom Service Providers).
*Debit Cards*
Debit cards are different from credit cards. Credit card is a way to “Pay Later” whereas debit card is a way to “Pay Now.” In case of debit card, bank account of the customer will be debited immediately on completion of transaction. Debit cards are accepted at many locations, including retail stores, petrol pumps, and restaurants. The liberalized norms coupled with ease of usage have led to increase debit card base over the years. Of late, banks are consciously driving the customers to alternate delivery channels by issuing debit cards on the day of opening of the account itself to reduce the work load and to enable them to pay focused attention on core banking activities. In order to make Credit/Debit Card transactions more secure, RBI mandated the card holders to enter PIN while transacting at POS terminals. As per recent RBI guidelines, all banks are mandated to issue only Chip enabled Cards w.e.f.01.10.16.
*Credit Cards*
The concept of credit card was used in 1950 with the launch of charge cards in USA by Diners Club and American Express. Credit card became more popular with use of magnetic strip in 1970. The first Credit Card was issued in 1981 and Gold Card in 1986 by VISA. Credit cardholder need not carry cash and purchase goods and services at any approved Merchant Establishments/Point of sale Terminals by tendering the card duly signing the charge slip. Further, cardholders can make online purchases through internet using the card and PIN. Added to this, cardholder can withdraw cash at any ATM across the globe. However, cash advance attracts charge i.e. transaction fee as well as service fee/interest charge.
*Charge Card*
Charge Card is like any Credit or Debit Card. These cards neither offer revolving credit like the Credit Card nor debit the account instantaneously like Debit Card. However, the cardholder is required to settle the bill in full by the due date each month. Charge cards make a good option to develop financial discipline which likely to enable the cardholders to improve their credit history. Further, charge card offers a dynamic limit, while rewarding good payment record.
*Prepaid Card*
Prepaid Card looks like a credit card and works like a debit card. These cards resemble credit and debit cards in appearance and allow users to load any amount up to ?100000/- and can be used at any ATM/Point of Sale Terminal. On use of card, funds are directly debited from the card. Cardholders preload the cards with funds via a cash deposit or wire transfer. There are no finance fees or interest payments as charges are deducted from the prepaid balance. It is an opportunity for people who have had little or no access to the mainstream financial system by loading funds onto a prepaid card. It is a secure and convenient alternative to cash. The issuers of prepaid cards should ensure KYC compliance while issuing cards to the customers/public. Various types of Prepaid Cards are – Re-loadable Cards (value is replenished once it is used), Disposable Cards (discarded once the value is used), Closed Cards can be used for a specific purpose (Phone Cards) and Open Cards (multi-purpose). Re-loadable cards are most popular among “under-banked” individuals, or those who tend not to possess conventional bank accounts.
*Gift Car
*Debit Cards*
Debit cards are different from credit cards. Credit card is a way to “Pay Later” whereas debit card is a way to “Pay Now.” In case of debit card, bank account of the customer will be debited immediately on completion of transaction. Debit cards are accepted at many locations, including retail stores, petrol pumps, and restaurants. The liberalized norms coupled with ease of usage have led to increase debit card base over the years. Of late, banks are consciously driving the customers to alternate delivery channels by issuing debit cards on the day of opening of the account itself to reduce the work load and to enable them to pay focused attention on core banking activities. In order to make Credit/Debit Card transactions more secure, RBI mandated the card holders to enter PIN while transacting at POS terminals. As per recent RBI guidelines, all banks are mandated to issue only Chip enabled Cards w.e.f.01.10.16.
*Credit Cards*
The concept of credit card was used in 1950 with the launch of charge cards in USA by Diners Club and American Express. Credit card became more popular with use of magnetic strip in 1970. The first Credit Card was issued in 1981 and Gold Card in 1986 by VISA. Credit cardholder need not carry cash and purchase goods and services at any approved Merchant Establishments/Point of sale Terminals by tendering the card duly signing the charge slip. Further, cardholders can make online purchases through internet using the card and PIN. Added to this, cardholder can withdraw cash at any ATM across the globe. However, cash advance attracts charge i.e. transaction fee as well as service fee/interest charge.
*Charge Card*
Charge Card is like any Credit or Debit Card. These cards neither offer revolving credit like the Credit Card nor debit the account instantaneously like Debit Card. However, the cardholder is required to settle the bill in full by the due date each month. Charge cards make a good option to develop financial discipline which likely to enable the cardholders to improve their credit history. Further, charge card offers a dynamic limit, while rewarding good payment record.
*Prepaid Card*
Prepaid Card looks like a credit card and works like a debit card. These cards resemble credit and debit cards in appearance and allow users to load any amount up to ?100000/- and can be used at any ATM/Point of Sale Terminal. On use of card, funds are directly debited from the card. Cardholders preload the cards with funds via a cash deposit or wire transfer. There are no finance fees or interest payments as charges are deducted from the prepaid balance. It is an opportunity for people who have had little or no access to the mainstream financial system by loading funds onto a prepaid card. It is a secure and convenient alternative to cash. The issuers of prepaid cards should ensure KYC compliance while issuing cards to the customers/public. Various types of Prepaid Cards are – Re-loadable Cards (value is replenished once it is used), Disposable Cards (discarded once the value is used), Closed Cards can be used for a specific purpose (Phone Cards) and Open Cards (multi-purpose). Re-loadable cards are most popular among “under-banked” individuals, or those who tend not to possess conventional bank accounts.
*Gift Car
d*
Gift Card is one of the paperless payment systems and is highly popular in card industry. It is a card with predetermined limit and value is loaded through cash or transfer from the account. Maximum value of each prepaid gift instrument shall not exceed Rs.10000/-.However, these instruments shall not be reloadable.
*Forex Card*
It is similar to a normal prepaid card with a special feature meant for the students going to abroad for higher studies. It can be used at POS terminals, ATMs and for online transactions. Parents can load/reload the card using the login credentials issued while buying the card. The banks are levying reasonable charges for cash withdrawal and some banks waiving the charges too. Another advantage of the card is that it can be used to pay fees instead of paying through wire transfer from India. The withdrawals or payments are allowed in five currencies viz., USD,GBP, EUR, CAD and AUD. The card validity ranges up to five years and the maximum permissible limit by RBI under Liberalized Remittance Scheme is $2.50 lakh. At present, ICICI and HDFC banks are issuing forex cards and other banks may follow.
*RuPay Debit Cards*
It is a domestic card payment network established by National Payment Corporation of India (NPCI) having more than 100 Banks in India as members with its ATM network spread across the country. These cards can be used at all ATMs of NPCI network and POS terminals & e-com transactions (Internet) enabled for RuPay acquiring.
*Money Transfer Service Scheme (MTSS)*
The Reserve Bank has issued Master Directions relating to Money Transfer Service Scheme (MTSS), which is a quick and easy way of transferring personal remittances from abroad to beneficiaries in India.
-> MTSS can be used for inward personal remittances into India, such as, remittances towards family maintenance and remittances favouring foreign tourists visiting India and not for outward remittance from India.
-> The system envisages a tie-up between reputed money transfer companies abroad known as Overseas Principals and agents in India known as Indian Agents who would disburse funds to beneficiaries in India at ongoing exchange rates. The Indian Agents can in turn also appoint sub-agents to expand their network. The Indian Agent is not allowed to remit any amount to the Overseas Principal. Under MTSS, the remitters and the beneficiaries are individuals only.
-> The Reserve Bank of India may accord necessary permission (authorisation) to any person to act as an Indian Agent under the Money Transfer Service Scheme. No person can handle the business of cross-border money transfer to India in any capacity unless specifically permitted to do so by the RBI.
-> To become MTSS agent, min net owned funds Rs.50 lac. MTSS cap USD 2500 for individual remittance. Max remittances 30 received by an individual in India in a calendar year. Min NW of overseas principal USD 01 million, as per latest balance sheet.
*Automated Teller Machine (ATM)*
-> What is ATM: ATM is a computerised machine that provides the customers of banks the facility of accessing their accounts for dispensing cash and other financial transactions without the need of actually visiting a bank branch.
-> Non receipt of cash from ATM: In case during the cash withdrawal process, cash is not disbursed but the account gets debited for the amount, the customer may lodge a complaint with the card issuing bank. This process is applicable even if the transaction was carried out at another banks ATM. As per the RBI instructions, banks should re-credit such wrongly debited amounts within a maximum period of 7 working days from the date of complaint. If there is a delay, customer is eligible for compensation for delayed period at the rate of Rs 100/- per day. This amount should be be credited to the account of the customer without any claim being made by the customer. However, if customer does not make complaint within 30 days of the transaction, he will not be entitled to compensation.
-> Free transactions at bank's own ATM: At least five free transactions (inclusive of financ
Gift Card is one of the paperless payment systems and is highly popular in card industry. It is a card with predetermined limit and value is loaded through cash or transfer from the account. Maximum value of each prepaid gift instrument shall not exceed Rs.10000/-.However, these instruments shall not be reloadable.
*Forex Card*
It is similar to a normal prepaid card with a special feature meant for the students going to abroad for higher studies. It can be used at POS terminals, ATMs and for online transactions. Parents can load/reload the card using the login credentials issued while buying the card. The banks are levying reasonable charges for cash withdrawal and some banks waiving the charges too. Another advantage of the card is that it can be used to pay fees instead of paying through wire transfer from India. The withdrawals or payments are allowed in five currencies viz., USD,GBP, EUR, CAD and AUD. The card validity ranges up to five years and the maximum permissible limit by RBI under Liberalized Remittance Scheme is $2.50 lakh. At present, ICICI and HDFC banks are issuing forex cards and other banks may follow.
*RuPay Debit Cards*
It is a domestic card payment network established by National Payment Corporation of India (NPCI) having more than 100 Banks in India as members with its ATM network spread across the country. These cards can be used at all ATMs of NPCI network and POS terminals & e-com transactions (Internet) enabled for RuPay acquiring.
*Money Transfer Service Scheme (MTSS)*
The Reserve Bank has issued Master Directions relating to Money Transfer Service Scheme (MTSS), which is a quick and easy way of transferring personal remittances from abroad to beneficiaries in India.
-> MTSS can be used for inward personal remittances into India, such as, remittances towards family maintenance and remittances favouring foreign tourists visiting India and not for outward remittance from India.
-> The system envisages a tie-up between reputed money transfer companies abroad known as Overseas Principals and agents in India known as Indian Agents who would disburse funds to beneficiaries in India at ongoing exchange rates. The Indian Agents can in turn also appoint sub-agents to expand their network. The Indian Agent is not allowed to remit any amount to the Overseas Principal. Under MTSS, the remitters and the beneficiaries are individuals only.
-> The Reserve Bank of India may accord necessary permission (authorisation) to any person to act as an Indian Agent under the Money Transfer Service Scheme. No person can handle the business of cross-border money transfer to India in any capacity unless specifically permitted to do so by the RBI.
-> To become MTSS agent, min net owned funds Rs.50 lac. MTSS cap USD 2500 for individual remittance. Max remittances 30 received by an individual in India in a calendar year. Min NW of overseas principal USD 01 million, as per latest balance sheet.
*Automated Teller Machine (ATM)*
-> What is ATM: ATM is a computerised machine that provides the customers of banks the facility of accessing their accounts for dispensing cash and other financial transactions without the need of actually visiting a bank branch.
-> Non receipt of cash from ATM: In case during the cash withdrawal process, cash is not disbursed but the account gets debited for the amount, the customer may lodge a complaint with the card issuing bank. This process is applicable even if the transaction was carried out at another banks ATM. As per the RBI instructions, banks should re-credit such wrongly debited amounts within a maximum period of 7 working days from the date of complaint. If there is a delay, customer is eligible for compensation for delayed period at the rate of Rs 100/- per day. This amount should be be credited to the account of the customer without any claim being made by the customer. However, if customer does not make complaint within 30 days of the transaction, he will not be entitled to compensation.
-> Free transactions at bank's own ATM: At least five free transactions (inclusive of financ
ial and non financial transactions) per month should be permitted to the savings bank account customers for use of own bank ATMs at all locations.
-> Free transactions at ATMs of other banks: With effect from November 1, 2014, the number of mandatory free ATM transactions (inclusive of both financial and non-financial transactions) at other banks' ATMs has been reduced to three transactions per month for transactions carried out at the ATMs located in six metro centres, viz. Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad. This reduction will, however, not apply to small / no frills / Basic Savings Bank
-> Deposit account holders who will continue to enjoy five free transactions. At other locations i.e. other than the six metro centres mentioned above, the facility of five free transactions for savings bank account customers shall remain unchanged.
-> Charges for ATM transactions: Beyond free transactions, there will be a ceiling / cap on customer charges of Rs.20/- per transaction (plus service tax, if any).
-> ATMs for visually challenged: Banks should make ATMs friendly to physically handicapped persons by constructing ramps and cash dispensation at lower height. The ATM should be accessible to visually challenged persons also by providing brail key board. From July 1, 2014 all new ATMs to be installed should be friendly to blind persons.
-> Banks have been permitted to install Off site ATMs without RBI permission subject to reporting to RBI.
-> White Label ATMs are purely managed by third party service providers and have their label. These are branded non bank ATM machines. Cash handling, management and logistics are provided by third party. Debit cards of all banks can be operated through these machines. The role of the concerned bank is only limited to provide account information and back end money transfers to the third parties managing these ATM machines. This initiative will enable the excluded segments to avail ATM services as at present majority ATMs are confined to Urban/Metro areas only. However, service provider levy charges which are to be either bear by the Bank or the customer. RBI has allowed white label ATM's in India to have more penetration of ATM machines. Tata Communications Payment Solutions has become the first company to launch this service in India under the brand name "Indicash". It has a tie up with majority commercial banks and now you will soon see branded non bank third party white label ATM machines in your vicinity.
-> Brown Label ATM - We always think that the bank branded ATM machines operated by the bank concerned, but this is not the case. Banks only handle part of the process that is cash handling and back-end server connectivity. The ATM machine is owned by the third party service provider along with the physical infrastructure. This type ATM is called as "Brown Label ATM" and acts as intermediate between Banks owned ATM and White Label ATM.
*Electronic Clearing Service (ECS)*
Electronic Clearing Service is a mode of electronic funds transfer from one bank account to another bank account using the services of a Clearing House. There are two types of ECS called ECS (Credit) and ECS (Debit). ECS (Credit) is used for affording credit to a large number of beneficiaries by raising a single debit to an account, such as dividend, interest or salary payment. ECS (Debit) is used for raising debits to a number of accounts of consumers/ account holders for crediting a particular institution. Amount: There is no Minimum or maximum limit on the amount of individual transactions.
*Speed Clearing*
-> Speed Clearing refers to collection of outstation cheques 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.
-> When will the beneficiary get funds under Speed Clearing?: The local cheques are processed on T+1 working day basis and customers get the benefit of withdrawal of funds on a T+1 or 2 basis. 'T denotes transaction day viz. date of presentation of cheque at the Cl
-> Free transactions at ATMs of other banks: With effect from November 1, 2014, the number of mandatory free ATM transactions (inclusive of both financial and non-financial transactions) at other banks' ATMs has been reduced to three transactions per month for transactions carried out at the ATMs located in six metro centres, viz. Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad. This reduction will, however, not apply to small / no frills / Basic Savings Bank
-> Deposit account holders who will continue to enjoy five free transactions. At other locations i.e. other than the six metro centres mentioned above, the facility of five free transactions for savings bank account customers shall remain unchanged.
-> Charges for ATM transactions: Beyond free transactions, there will be a ceiling / cap on customer charges of Rs.20/- per transaction (plus service tax, if any).
-> ATMs for visually challenged: Banks should make ATMs friendly to physically handicapped persons by constructing ramps and cash dispensation at lower height. The ATM should be accessible to visually challenged persons also by providing brail key board. From July 1, 2014 all new ATMs to be installed should be friendly to blind persons.
-> Banks have been permitted to install Off site ATMs without RBI permission subject to reporting to RBI.
-> White Label ATMs are purely managed by third party service providers and have their label. These are branded non bank ATM machines. Cash handling, management and logistics are provided by third party. Debit cards of all banks can be operated through these machines. The role of the concerned bank is only limited to provide account information and back end money transfers to the third parties managing these ATM machines. This initiative will enable the excluded segments to avail ATM services as at present majority ATMs are confined to Urban/Metro areas only. However, service provider levy charges which are to be either bear by the Bank or the customer. RBI has allowed white label ATM's in India to have more penetration of ATM machines. Tata Communications Payment Solutions has become the first company to launch this service in India under the brand name "Indicash". It has a tie up with majority commercial banks and now you will soon see branded non bank third party white label ATM machines in your vicinity.
-> Brown Label ATM - We always think that the bank branded ATM machines operated by the bank concerned, but this is not the case. Banks only handle part of the process that is cash handling and back-end server connectivity. The ATM machine is owned by the third party service provider along with the physical infrastructure. This type ATM is called as "Brown Label ATM" and acts as intermediate between Banks owned ATM and White Label ATM.
*Electronic Clearing Service (ECS)*
Electronic Clearing Service is a mode of electronic funds transfer from one bank account to another bank account using the services of a Clearing House. There are two types of ECS called ECS (Credit) and ECS (Debit). ECS (Credit) is used for affording credit to a large number of beneficiaries by raising a single debit to an account, such as dividend, interest or salary payment. ECS (Debit) is used for raising debits to a number of accounts of consumers/ account holders for crediting a particular institution. Amount: There is no Minimum or maximum limit on the amount of individual transactions.
*Speed Clearing*
-> Speed Clearing refers to collection of outstation cheques 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.
-> When will the beneficiary get funds under Speed Clearing?: The local cheques are processed on T+1 working day basis and customers get the benefit of withdrawal of funds on a T+1 or 2 basis. 'T denotes transaction day viz. date of presentation of cheque at the Cl
earing House. So, the outstation, cheques under Speed Clearing will also be paid on T+1 or 2 basis.
-> Availability and charges: Speed Clearing is currently available in 41 MICR centres. Collecting banks will not charge any charges for collection of cheques up to Rs 1 lac in saving bank accounts. For cheques of more than Rs 1 lac, bank discretion. For collection in current accounts, bank discretion irrespective of amount of chque. The charges are inclusive of all charges other than Service Tax.
*Magnetic Ink Character Recognition (MICR)*
MICR stands for Magnetic Ink Character Recognition. It is a technology which allows machines to read and process cheques enabling thousands of cheque transactions in a short time. MICR code is usually a nine digit code comprising of some important information about the transaction and the bank.
*Indian Financial System Code (IFSC)*
IFSC Code is Indian Financial System Code, which is an eleven character code assigned by RBI to identify every bank branches uniquely, that are participating in NEFT system in India. This code is used by electronic payment system applications such as RTGS, ,National Electronic Fund Transfer and CFMS.
*Cheque Truncation System (CTS)*
Cheque Truncation System (CTS) is a cheque clearing system undertaken by the Reserve Bank of India (RBI) for faster clearing of cheques. As the name suggests, truncation is the process of stopping the flow of the physical cheque in its way of clearing.
*MONEY GRAM*
-> Account holder should be from GULF
-> Maximum remittance permitted-USD 2500, 8 Digit numerical number is necessary for the receiver.
-> Done through ThomasCook agent of Money Gram International Inc..
-> Maximum transaction by receiver is 30 per calendar year. Purpose-Family, Personal maintenance.
*Express Money Scheme (Account holder should be from Gulf)*
-> Maximum amount that can be paid-Rs 50000
-> 16 digit numerical reference to be provided by the receiver (not Mandatory)
-> Maximum transaction-30 per year
-> Purpose-Family, Personal maintenance.
-> Organisation- UAE Exchange centre.
*General Credit Card*
-> A Non farm entrepreneurial credit to individuals.
-> Eligible for Priority sector classification.
-> No ceiling as regard quantum of credit.
-> Availability and charges: Speed Clearing is currently available in 41 MICR centres. Collecting banks will not charge any charges for collection of cheques up to Rs 1 lac in saving bank accounts. For cheques of more than Rs 1 lac, bank discretion. For collection in current accounts, bank discretion irrespective of amount of chque. The charges are inclusive of all charges other than Service Tax.
*Magnetic Ink Character Recognition (MICR)*
MICR stands for Magnetic Ink Character Recognition. It is a technology which allows machines to read and process cheques enabling thousands of cheque transactions in a short time. MICR code is usually a nine digit code comprising of some important information about the transaction and the bank.
*Indian Financial System Code (IFSC)*
IFSC Code is Indian Financial System Code, which is an eleven character code assigned by RBI to identify every bank branches uniquely, that are participating in NEFT system in India. This code is used by electronic payment system applications such as RTGS, ,National Electronic Fund Transfer and CFMS.
*Cheque Truncation System (CTS)*
Cheque Truncation System (CTS) is a cheque clearing system undertaken by the Reserve Bank of India (RBI) for faster clearing of cheques. As the name suggests, truncation is the process of stopping the flow of the physical cheque in its way of clearing.
*MONEY GRAM*
-> Account holder should be from GULF
-> Maximum remittance permitted-USD 2500, 8 Digit numerical number is necessary for the receiver.
-> Done through ThomasCook agent of Money Gram International Inc..
-> Maximum transaction by receiver is 30 per calendar year. Purpose-Family, Personal maintenance.
*Express Money Scheme (Account holder should be from Gulf)*
-> Maximum amount that can be paid-Rs 50000
-> 16 digit numerical reference to be provided by the receiver (not Mandatory)
-> Maximum transaction-30 per year
-> Purpose-Family, Personal maintenance.
-> Organisation- UAE Exchange centre.
*General Credit Card*
-> A Non farm entrepreneurial credit to individuals.
-> Eligible for Priority sector classification.
-> No ceiling as regard quantum of credit.
Now days English pattern changed to much extent for mains examinations
So daily news paper reading is required.
The questions are becoming understanding oriented so vocabulary is needed
So try to improve vocabulary.
They are following cat oriented pattern so study from cat books.
Give mock for every two days which will increase your reading and understanding speed bcoz English paper is becoming lengthy.
Read some interesting books which you like.
Try to understand economy related page in news paper bcoz max passges are on economy in exam.
👍
Join
✍ @solutiontoall
So daily news paper reading is required.
The questions are becoming understanding oriented so vocabulary is needed
So try to improve vocabulary.
They are following cat oriented pattern so study from cat books.
Give mock for every two days which will increase your reading and understanding speed bcoz English paper is becoming lengthy.
Read some interesting books which you like.
Try to understand economy related page in news paper bcoz max passges are on economy in exam.
👍
Join
✍ @solutiontoall
This is an experiment called dynamic equilibrium When we support each other, we will not weaken and will not fall, God willing ☝🤘
Let’s support each other. 😊
Let’s support each other. 😊
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