Magic will be witnessed on 15/08/2014 in ePayments - SVS

            Modi’s grand vision of Financial Inclusion will be officially unveiled on August 15, 2014 by the Prime Minister Narendra Modi.

            The plan is titled as “SAMPOORN VITTEEYEA SAMAVESHAN”

            The highlights of this Comprehensive Financial Inclusion Plan are as under:

• Providing Basic Banking accounts to all families and to all beneficiaries of Government schemes by March 2016.

• Financial Literacy Programme is to be given a push and to be extended upto the Block level. It would give advantage to the Banks to train BCs and FI beneficiaries for ensuring its deep rooted reach at the grass root level.

• Under SAMPOORN VITTEEYEA SAMAVESHAN (SVS), the respective Bank accounts will also be ATM enabled.

• Delivery of India’s own indigenous pre-activated Rupay Card will be an important component of account activation.

• There is a provision of Rs.5000/- as overdraft facility through debit card to every basic banking account holder on completion of financial literacy training.

• The suggested remuneration to reach the BC Agent would be minimum Rs.5000/-.

• Under Urban Financial Inclusion, urban households are also to be covered. SLBC will arrange allocation of wards under the Municipality/Municipal Corporation to member Banks.

• Mapping of each district into Sub-Service Area catering to one thousand five hundred (1500) households so that every habitation have access to banking services within 5 kms by September 2015 except hilly ,tribal, forest & desert areas.

As the pace of accounts opening pickups, transactions too will reflect in the accounts. This would in translate into volumes for eTransactions.  

India’s Tea Bank – United Bank of India conducts a special SLBC session

            Due to long association with the Tea Industry, United Bank of India occupies a special place in heart of Tea Industry folk. It is also known as Tea Bank amongst its peers.

            As convenor for the West Bengal’s State Level Bankers Committee (SLBC), United Bank of India recently convened a special meeting.

            The theme of the meeting was to drive ‘Financial Inclusion’, in West Bengal in Mission Mode. Under Mission Mode, rollout of the ‘Financial Inclusion’ will be monitored as per predetermined parameters.

The meeting was attending by the two EDs of United Bank – Deepak Narang and Sanjay Arya, State Pricipal Secretary in-charge of Finance, H K Dwivedi, and the Director of the Union Finance Department, Anna Roy, apart from other top executives of the State Government, banks, Reserve Bank of India and Nabard.

            To spread the banking culture in West Bengal, United Bank of India’s team has ensured the following:-     

1. Banking outlets either in the form of BC model or Brick & Mortar Branches have been opened in 11604 nos. of villages having population less than 2000 in West Bengal.
   
2. Banking outlets either in the form of BC model or Brick & Mortar Branches have.been opened in all the 7452 nos. of 2000+ population villages of West Bengal.

Top secret - Canara Bank launches new products – Updates awaited on the banks website

            Last week, Canara Bank rolled out 3 new technology backed products. The 3 products are

01) mobile-Wallet,

02)easyCash

03)P-serve

This new 3 products have been launched keeping in mind the needs of new generation bank customers for preference to perform their banking transactions through technology channels. All the new products have been developed by the Canara Bank inhouse IT team only.

m-Wallet is designed for making cardless and cashless transactions safely through the amount assigned to the m-Wallet.  Canara Bank customers can make a cardless and cashless transaction at merchant outlets using the Canara m-wallet. Using their mobiles with m-wallet application downloaded on it, customers can also make utility payments and use it for online shopping, among others.

EasyCash service is designed to serve the migrant population who does not have access to formal banking channels.  Canara easyCash, an instant money transfer service is designed to serve the migrant population that does not have access to formal banking channels. easyCash facilitates fund transfer of small value and will also benefit the student community, who will be able to receive funds without having an account.

Canara P-Serve is a facility provided through touch-screen kiosks installed in e-lounges of Canara Bank. Canara P-Serve is a facility provided through touch-screen kiosks installed in e-lounges of Canara Bank. Customers can request for services such as issue of RuPay debit card, Visa Credit Card and cheque book request, among others.

            In the next two years, Canara Bank plans to open 1,250 branches and over 3,700 ATMs all over the country.

            Canara bank is yet to have a presence on Facebook and also the details of these 3 products are yet to updated on the banks website. Let us wait and watch.

It’s official – CAT 2014 – Fees Only through ePayments

            The curtain raiser of CAT 2014 begun yesterday with the announcement of the CAT 2014 Exam Schedule by Indian Institute of Management, Indore.

            The official website of CAT 2014 is yet to be launched; currently the pointers are at CAT 2013 site only. It is a bit surprising that the official notification is also not available on the internet.

            Till last year, the exam fees could be paid through ePayment mode and purchase of offline vouchers. This year ONLY ePayments are allowed and the offline mode has been discontinued. The candidates are required to make the payment through online mode only via debit card, credit card and net banking. This is a radical move towards Safe ePayments.

            Candidates will have to make the payment for registration fee through online modes only including credit card, debit card or through net banking.

            As the registration for the CAT 2014 will be open for 56 days from August 6 till September 30, the official notification will be updated on the website in a couple of days.

Students will be able to download admit card from October 16 to till examination date. The results will be declared in the third week of December 2014. 

This year the exam contract has gone to Tata Consultancy Services Limited (TCS), which has translated into more user friendly.

The CAT 2014 will be conducted only for two days this year i.e. on November 16 and November 22 only in forenoon and afternoon sessions. The examination will be conducted in 99 cities comprising 354 test sites. Last year, there were 45 test sites only. 

RBIQ 2014 – Pune round to be conducted on 11/08/2014 by Mr. Lloyd Saldhana

            As the year passes by, the RBIQ 2014 fever is picking up across India.

            In Pune, the respective Reserve Bank of India-coordinators’ are working out from College of Agricultural Banking, Pune.

            The invite from RBI to various schools in and around Pune was sent on July 1,2014.

            The RBIQ 2014 in Pune will be conducted on 11/08/2014 at MES Auditorium, Kothrud, Pune – 411038.

            RBIQ 2014 Pune participants will have their knowledge tested by Lloyd Saldhana. The professional title of Lloyd Saldhana is Vice President(Quizzing)-Greycaps India Pvt Ltd.