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Showing posts with label Bank. Show all posts
Showing posts with label Bank. Show all posts

Sunday, 20 September 2020

19:25

Joint Media Update From Central Railway and Western Railway

Joint Media Update From Central Railway and Western Railway 

 2020/09/33

19-09-2020

CR & WR Joint Media Update - 19-9-2020

PRESS RELEASE

CR & WR Joint Media Update

On the request of State Government, permission has been granted by Ministry of Railways, Government of India to personnel of all Cooperative and Private banks to the extent of 10% of the total staff strength as approved by State Government of Maharashtra, for travel by special suburban services over Mumbai Suburban network.

The selected 10% staff are requested to obtain QR code from State Government of Maharashtra at the earliest. Until such time, valid identity cards are authority for entry at the stations. Additional booking counters will be opened at important railway stations for the passengers.

APPEAL

Except for essential category staff as per identified by the State Government, others are requested not to rush to the stations.

It is also requested that travellers should follow medical and social protocols as mandated for COVID19.

The public is requested not to believe any rumours.

Source:Central Railway

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Sunday, 23 September 2018

22:52

DBS wealth clients can now use WhatsApp and WeChat for banking services

DBS wealth clients can now use WhatsApp and WeChat for banking services

SINGAPORE,11 September 2018 -
DBS today announced the launch of DBS Wealth Chat, a service that will allow DBS’ wealth clients to interact, exchange ideas and transact with their relationship managers (RMs) via popular instant messaging platforms WhatsApp and WeChat. The bank is the first in Southeast Asia to enable this service for its clients. Developed in partnership with regulatory technology (regtech) start-up FinChat, DBS Wealth Chat leverages DBS’ best-in-class digital capabilities to allow clients to use their existing instant messaging platforms to access DBS’ wealth services while meeting rigorous compliance standards. 
To access the service, RMs can register interested clients in a private chat group with the bank. Upon confirmation, DBS will set up a unique chat group administered by the bank between the client and his/her RM. Once the chat group between the RM and client is initiated, conversations and file exchanges that occur within the chat group will be archived by the bank without any intervention required from the RM. The entire process is fully automated. 
At present, RMs need to ensure key client conversations take place via the bank’s phone lines, where they can be recorded. DBS Wealth Chat allows RMs to communicate with clients on the go, on their clients’ preferred instant messaging platform. This in turn allows for speedier service delivery to clients. The introduction of DBS Wealth Chat is estimated to save some 10,000 manhours on a yearly basis, while enhancing the ease and quality of RM-client interaction.
“We recognise that customers today are inundated with different apps and services and decided to go where our customers already are – WhatsApp has upwards of 1.5 billion users, while WeChat has close to one billion users. Our aim is to provide banking services that are embedded in our customers’ everyday lives, while maintaining client privacy and keeping to our rigorous security requirements,” said Tan Su Shan, Group Head of Consumer Banking & Wealth Management of DBS. “With DBS Wealth Chat, we can now meet both the communication needs of our clients and regulatory requirements. We look forward to realising the full potential of this tool, and to introducing more industry-leading solutions to our clients.”
In the first phase, DBS will begin to register and onboard interested wealth clients in Singapore on the service, where content such as DBS Chief Investment Office reports, research insights and ideas, and exclusive invitations will be shared. Additional investment-related transactions (such as trade placement) will be introduced progressively in 2019.

Source:DBS.com
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Tuesday, 26 September 2017

08:05

Revised Bank Card Transaction Charges -IRCTC

Revised Bank Card Transaction Charges -IRCTC

Revised Bank transaction charges for customers using any Debit cards at ICICI, AXIS Payment gateway , Paytm or Payu (Multiple Service Provider):- 0.25% for transactions upto Rs.1000/-, 0.5% for transactions above Rs.1000 and upto 2000/- and 1.0% for above 2000 value transactions.

 Source:IRCTC
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Friday, 16 June 2017

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Tuesday, 6 June 2017

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Saturday, 27 May 2017

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Wednesday, 3 May 2017

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Thursday, 27 April 2017

13:25

Requirements from pensioner for credit of first pension to his/her account by bank

Requirements from pensioner for credit of first pension to his/her account by bank

CPAO advised Banks to follow its Instructions to avoid inconvenience to Pensioners

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF EXPENDITURE
CENTRAL PENSION ACCOUNTING OFFICE
TRIKOOT-II, BHIKAJI CAVA PLACE,
NEW DELHI-110068
PHONES 26174596,26174456,26174438

CPA0/1T&Tech/ Simplification/2016-17/11Vol-VI/18

24.04.2017

Office Memorandum

Subject:- Requirements from pensioner for credit of first pension to his/her account by bank.

Attention is invited to CPAO’s 0M No.CPAO/Tech/Simplification/2014-15/52 dated- 28.05.2014 whereby it was intimated to all concerned that pensioners were not required to visit the bank to activate their first payment of pension. It was also intimated that undertaking for recovery of excess/over payment of pension had been made a part of PPO. Inspite of these instructions, banks used to insist on pensioners to physically appear in the bank before commencing first payment of pension. Consequently, CPAO had issued instructions vide 0M No. CPAO/Tech/Life Certificate/2014-15/99-175 dated-28.07.2014 that banks should not insist on the pensioners to issue life certificate at the time of first credit of pension. They were also advised to identify the pensioner with reference to information already available with bank obtained through KYC at the time of opening of bank account. The above instructions were reiterated by 0M No. CPAO/Tech/Bank Performance/2014-15/45 dated-02.06.2016.
However. it is observed that banks are still insisting upon the pensioners for completion of formalities like submission of life certificate, letter of Undertaking and certificate of non-employment to credit their first payment and other dues to their pension account resulting into inconvenience to the pensioners defeating the very purpose of simplifying the pension procedures.
In view of the above, Heads of CPPCs and Heads of Government Business Divisions of all the banks are advised to ensure that instructions issued by CPAO are followed by CPPCs and paying branches and any inconvenience to pensioners are avoided.
This issues with the approval of competent authority.

(Vijay Singh)
Sr. Accounts Officer (IT & Tech)

Source:FNPO























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Thursday, 3 November 2016

23:23

“Bank Miscalculation” Responsible For Delay In OROP For Deceased Veteran: Sources

“Bank Miscalculation” Responsible For Delay In OROP For Deceased Veteran: Sources

New Delhi: The delay in ex-serviceman Ram Kishan Grewal receiving the revised pension as per the One Rank One Pension (OROP) was due to problems in calculation at his bank’s end and his case could have been resolved amicably if he had directly approached the government, sources said.

Sources firmly state that the circumstances surrounding the suicide of Grewal, who took his life by consuming poison, called for thorough investigation, as a probe is also needed to figure out who was with him when he took the extreme step and also who provided the poison.

It also needs to be ascertained if anybody may have taken advantage of his “troubled mind to provoke him to take the extreme step”.

Grewal was entitled to OROP and all the clearances had been made from the Centre’s side but problems at the banks caused the delay.

Defence Minister Manohar Parrikar has sought details of the incident from the department of ex-servicemen welfare.

“Saddened by the death of subedar Ram Kishen Grewal. I express my heartfelt condolences. I have asked officials to provide me with details,” Parrikar tweeted.

Earlier today, Parrikar emphasised that the government was committed to the welfare of ex-servicemen and said a total of Rs 5,507.47 crore has been disbursed under the scheme.

Giving details of the OROP implementation, Parrikar said there were 20,63,763 beneficiaries before July 2014 and that 19,12,520 pensioners have been paid the first instalment and 1,50,313 cases are pending verification and authentication of beneficiaries.

Meanwhile, a massive political storm has broken out over Grewal’s death as parties are joining forces to come down heavily on the Centre over the delay in the implementation of OROP.

Source:tkbsen.in 
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Wednesday, 27 April 2016

08:14

Ministry asks RBI to examine Workers' Bank proposal

Ministry asks RBI to examine Workers' Bank proposal

The Labour Ministry has asked the Reserve Bank of India (RBI) to form a panel headed by a former Deputy Governor of the central bank to look into a proposal of creating a Workers' Bank using Employees’ Provident Fund (EPF).
“We need to know whether the proposal to set up a Workers’ Bank is feasible or not. We have taken up the matter with the RBI to nominate a retired Deputy Governor to seek opinion on the matter. A reminder was also sent to the RBI in February this year,” a senior Labour Ministry official said on condition of anonymity.
The proposal was mooted by the trade unions about a decade ago and has been discussed by Labour Ministry and Employees’ Provident Fund Organisation (EPFO) for several years now.
In 2004, the Congress-affiliated Indian National Trade Union Congress (Intuc) had first submitted a theme paper to the government on setting up ‘Workers’ Capital Trust’ to improve the earnings of Employees’ Provident Fund Organisation (EPFO) by investing its corpus in various instruments.
The idea was modelled on similar experiences in countries like Canada, Netherland, Switzerland and South Africa where a collective pension fund system invests worker’s savings in equities of domestic and global markets.
As on 31 March 2015, EPFO’s total corpus stood at Rs.6.34 lakh crore. Various committees set up to review the proposal had suggested that EPFO should concentrate on its core activities and were not in favour of the Workers’ Bank. However, the idea was revived after the National Democratic Alliance (NDA) government took charge in May 2014.
The Labour Ministry has also sought the opinion of Department of Financial Services in the Finance Ministry on the proposal.
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Tuesday, 9 February 2016

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Sunday, 18 October 2015

05:22

Pensioners to furnish Life Certificate and relevant details to the respective banks to provide better services.

Pensioners to furnish Life Certificate and relevant details to the respective banks to provide better services.


Government asks Pensioners to furnish their Life Certificate and relevant details to their respective banks in order to enable the banks to provide them better services 

The Government has asked all the pensioners and family pensioners to furnish their Life Certificate in prescribed pro-forma in the month of November every year to their respective banks. 

The pensioners should indicate their present address, telephone numbers (including mobile number) and email ID (if available) on their respective Life Certificates in order to enable the Banks to provide them (pensioners) better services


Source:PIBNEWS.
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Saturday, 18 July 2015

10:59

IRCTC asks Banks for implementation of OTP process in e-Ticketings

IRCTC asks Banks for implementation of OTP process in e-Ticketings

New Delhi: Concerned at the problems faced by people in online booking of railway journey tickets, Indian Railway Catering and Tourism Corporation (IRCTC) has asked banks to help ensure smooth transactions on its website. For this purpose, IRCTC has asked the banks tied up with it to take steps by August 15 so that booking tickets online could be hassle-free, said IRCTC CMD A K Manocha.

Manocha said complaints have been received about problems in getting one-time password (OTP) from banks while booking tickets online. IRCTC has tied up with 50 banks for e-ticket booking. While 24 banks have OTP facility, the rest are yet to introduce it, he said. A high-level meeting was held recently with bank officials and the problems facing passengers were discussed, he said. IRCTC has set the deadline of August 15 for the remaining banks to ensure OTP to customers.

IRCTC GM (software) M Srinivas said the e-ticketing portal has facility for transactions with 50 banks. Out of them, the arrangement with 28 banks is for net banking, for payment gateways with six, debit cards for 10, four for cash cards while one each is EMI-based and IRCTC prepaid card system. All banks tied up with IRCTC are collecting service charges for e-tickets. Most of these banks are having OTP facility for online transactions. “We need to implement OTP system by all the banks with a view to checking fraudulent transactions on the IRCTC website. Railway crime branch has also put the IRCTC on alert about fraudulent transactions,” he said.

According to sources, IRCTC is committed to maintaining transparency in its transactions with customers. Introduction of OTP system is also in consonance with RBI guidelines. Besides, this system is likely to check avoidable interventions of touts in booking online tickets on the IRCTC website.
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Wednesday, 8 July 2015

07:27

Urban Rail boom in Southeast Asia could mean major Opportunity for India’s Infrastructure & Service Business

Urban Rail boom in Southeast Asia could mean major Opportunity for India’s Infrastructure & Service Business

Thailand has been accusing China of overlooking laws and environmental protection standards. Some countries appreciate the Chinese way of doing business, because “their work is fast and inexpensive, but breach of local laws and lack of concern for environment are a cause of serious concern” according to a source from the Thai construction industry

Projects to construct and extend Urban Railway systems – an indispensable mode of transportation in major cities, are being planned throughout Southeast Asia.

Hopes are high that subways, elevated railways and other urban rail systems will ease the traffic congestion plaguing metropolises that have seen population growth as a byproduct of economic development.

Expansion opportunities abound for Japanese firms, given the nation’s outstanding reputation for safety and precision in the field, but Chinese companies have entered the race in recent years and are quickly catching up.

In the north of Bangkok, construction of Bang Sue MRT Station is under way at the former site of a 200-hectare cargo terminal. The anticipated opening date is 2019.

The station is a part of a 26.3-kilometer-long Red Line elevated railway project that has an expected total price tag of more than ¥370 billion. It will be connected to a separate high-speed railway that is expected to employ Shinkansen technology and a railway linking two suburban airports.

With help of local general contractors, international consulting firm Nippon Koei Co. is overseeing the construction. “We actually hope to develop an area like Shinjuku,” said Toshimasa Kiuchi, a senior adviser at the company.

The Thai government plans to extend Bangkok’s urban railways to 515 kilometers in total by 2029, a big increase from roughly 85 kilometers at present. The Red Line is part of that overall plan. Trains account for only 6 per cent of Bangkok’s use of public transit, far below Seoul’s 51 per cent and Hong Kong’s 46 per cent. The Thai government hopes to raise the figure to at least 40 per cent.

Thai Finance Minister Sommai Phasee has stressed the importance of urban railways that make it easier to commute within the city and end traffic jams by providing connections to the suburbs. According to Phasee, such systems are indispensable for accelerating economic development and growth.

Technological advantages

Many Japanese companies are already involved in the construction of urban railways in Southeast Asia. For a new line scheduled to open partially in 2018 in Ho Chi Minh City in southern Vietnam, an underground section is being built by Shimizu Corp. and Mazda Corp. Sumitomo Corp. and local general contractors are handling the portion above the ground.

“Japanese firms excel at building underground tunnels in urban areas where old buildings remain,” explained Toshiyuki Sarashina, deputy director of Shimizu’s Hanoi office. The Vietnamese side has given Japan high marks in this respect.

In Jakarta, two subway lines are set to be constructed with Japanese financial assistance. Japanese companies earn high marks for the quality of their work, but that work is expensive, according to Surapong Laoha-Unya, chief executive officer of the Bangkok Mass Transit System Public Co., which operates the capital’s elevated railways.

In Bangkok, Japanese firms were asked to lead part of the urban railway construction, but German and Chinese companies were tasked with building the cars and train operation systems. The Japanese companies involved – Marubeni Corp., Toshiba Corp. and East Japan Railway Co. – finally received orders for the production of cars and other manufactured products for the Purple Line scheduled to open in 2016.

The total cost of building a railway can run as high as several hundred billion yen. There is fierce international competition to win contracts for such projects in major Asian cities.

China has been elevating its profile, particularly in the field of maintenance and infrastructure improvement. But unlike the Japanese government and firms, China has been accused of overlooking laws and environmental protection standards. Some countries appreciate the Chinese way of doing business, because “their work is fast and inexpensive,” according to a source from the Thai construction industry.

Launched in June after a merger of two companies, China’s state-run automaker is by far the world’s largest firm in the industry.

A signing ceremony took place last Monday for the founding of the China-led Asian Infrastructure Investment Bank, which is expected to start operations within the year.

“After the bank launches, China will get more aggressive and competition to win infrastructure development contracts in Southeast Asia will become even more intense,” a Japanese government source said.
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Tuesday, 23 June 2015

21:45

Bank employees put off strike plan

Bank employees put off strike plan

The All-India Bank Employees’ Association has put off the proposed June 24 all-India bank strike aimed at pressing the State Bank of India management to “implement the government guidelines” on housing loans, compassionate appointments and trade union representation in the associate banks of the SBI.

AIBEA General Secretary CH Venkatachalam told BusinessLine that the association would take up these issues with the Union Finance Minister and the Union Labour Minister shortly as the talks with the SBI management were not productive. It was in view of this that the strike was postponed, he added.

Leaders of the State Sector Bank Employees Association (SSBEA) and AIBEA had held bilateral and trilateral talks with the SBI management, the latter with the involvement of the Union Labour Commissioner.

“The State Bank management has been adamant and hence we have decided to take up the issue with the Union Government leaders,” Venkatachalam said.

Employees’ demand

The strike was called to press upon the State Bank of India management the demands to increase the quantum of home loans for employees of the associate banks, implement compassionate appointments in all cases and also to allow retired bank employees who are elected office-bearers of bank trade unions to represent the unions. Venakatachalam said Class IV employees in the associate banks get home loan of only ₹8 lakh and Class III ₹12 lakh, while employees of SBI and other public sector banks receive sums many times over.

He said this ‘discrimination’ was in spite of a government guideline.

The SBI management insisted that the employees in the associate banks should accept the ‘career progression policy’ formulated for the SBI staff before the higher home loan and other demands could be considered.

“The staff of the associate banks are totally against the career progression policy which aims to put more workload on the employees.”

Source :Business Line

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21:02

Self-Certification by Family Pensioner on marital Status – Pension Correction Slip-23 issued by CPAO

Self-Certification by Family Pensioner on marital Status – Pension Correction Slip-23 issued by CPAO

CPAO has issued instructions to all Pension payment authorities (Banks) to accept self-certification from Family Pensioners in respect of their marital Status.  It has also released the format for Self Certification in the form of Correction Slip 23.

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF EXPENDITURE
CENTRAL PENSION ACCOUNTING OFFICE
TRIKOOT-ll, BHIKAJI CAMA PLACE,
NEW DELHl-110066
PHONES: 26174596, 26174456, 26174438

CPAO/Tech/ Arndt-Sch. Book/2015-16/308                                                                                                    dated: 04.06.2015



Amendment to the Scheme for Payment of Pensions to Central Government Civil Pensioners by Authorized Banks (Fourth Edition, 3rd December, 2004)

Correction Slip-23

Annexure-XXVI (See Para 25.1 & 25.2 of Page-22) gets replaced /substituted as under:-

SELF-CERTIFICATION BY THE FAMILY PENSIONER ITSELF

I hereby declare that I have not got re-married and I undertake to report such any event promptly to the Pension Disbursing Authority/ Bank.

(Applicable only for widow recipient of family pension and to be furnished only once)

Or

I hereby declare that I am not married/ I have not got married during the last six months. (To be submitted by widowers every six months in May and November)

Or

I hereby declare that I am not married/ I have not got married during last one year.
(To be submitted by unmarried/widowed/divorced daughter once in a year in November)



Place:                                                                   Signature ___________________

Date:                                                                   Name of the pensioner __________

P.P.O. No .. __________________



(Vijay Singh)
Sr. Accounts Officer)
(Tech)

Authority:- Department of Pension & Pensioners Welfare OM No.1/33/2012- P&PW (E) dated-16.01.2013 read with letter No. CPAO/Tech/Jeevan Pramaan/2014-15/303 dated-29.05.2015

Source:Gconnect
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