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DEMONETIZATION : CASH SHORTAGE AND CURRENCY HOARDING

Now it is more than a month that the legal tender status of the old Rs 500 and 1000 notes (referred to as specified bank notes or SBNs) was withdrawn. Everyone in the country, including foreigners in India, of different categories, are put to difficulties due to cash shortage.  Further it is observed that there

DEMONETIZATION : CASH SHORTAGE AND CURRENCY HOARDING

Now it is more than a month that the legal tender status of the old Rs 500 and 1000 notes (referred to as specified bank notes or SBNs) was withdrawn. Everyone in the country, including foreigners in India, of different categories, are put to difficulties due to cash shortage.  Further it is observed that there

TITBITS

1. BANK STAFF SLOGGING Paper news adds that Bank Management is doing little to boost the morale of its employees at branches, who are slogging in the branches, after demonetization.  With the little cash available at their disposal, they are forced to handle the huge customers lining up in queues. Also added to this the

TITBITS

1. BANK STAFF SLOGGING Paper news adds that Bank Management is doing little to boost the morale of its employees at branches, who are slogging in the branches, after demonetization.  With the little cash available at their disposal, they are forced to handle the huge customers lining up in queues. Also added to this the

BEWARE OF ATM HACKERS

Believe it… the ATMs may be running on software that MS has stopped supporting. We are now accustomed to standfor a long wait in front of an ATM dispenser, to get our payments, that too a single Rs. 2000 note, but there is a likelihood that the cash dispenser runs on a software that Microsoft

BEWARE OF ATM HACKERS

Believe it… the ATMs may be running on software that MS has stopped supporting. We are now accustomed to standfor a long wait in front of an ATM dispenser, to get our payments, that too a single Rs. 2000 note, but there is a likelihood that the cash dispenser runs on a software that Microsoft

LINKING MULTIPLE ACCOUNTS TO A VIRTUAL ID

What is Virtual ID? For sending messages while doing transactions, a Virtual ID is used.  If you know the ID (the format of which is name@bankname), one can send messages and thus enter into a transaction, for transferring money from bank to bank.  To create this you need ot have an account with a bank

LINKING MULTIPLE ACCOUNTS TO A VIRTUAL ID

What is Virtual ID? For sending messages while doing transactions, a Virtual ID is used.  If you know the ID (the format of which is name@bankname), one can send messages and thus enter into a transaction, for transferring money from bank to bank.  To create this you need ot have an account with a bank

55% of Cash Deposits

Either at State Bank of India or other banks, at least half or a bit more of the money remitted by people after demonetisation with an extensive branch network, might be coming mainly from Rural and Semi urban areas.  SBI, the largest of the Indian Banks, has received around Rs. 1.93 lakh crore from November

55% of Cash Deposits

Either at State Bank of India or other banks, at least half or a bit more of the money remitted by people after demonetisation with an extensive branch network, might be coming mainly from Rural and Semi urban areas.  SBI, the largest of the Indian Banks, has received around Rs. 1.93 lakh crore from November