:::::SRI S.B. RODE, OUR BELOVED PRESIDENT, AICBOF AND OFFICER DIRECTOR ON THE BOARD OF CENTRAL BANK OF INDIA HAS BEEN COOPTED AS GENERAL SECRETARY, AICBOF IN E.C. MTG. HELD AT MUMBAI ON 24.02.2014:::::MR. S.C. GUPTA, GEN. SECRETARY OF OUR AHMEDABAD UNIT HAS BEEN COOPTED AS PRESIDENT, AICBOF::::::WE CONGRATULATE THEM AND WISH THAT THE OFFICERS' MOVEMENT IN CENTRAL BANK OF INDIA WILL BE TAKEN TO NEW HEIGHTS:::::LONG LIVE CBOA:::::LONG LIVE AICBOF::::::LONG LIVE AIBOC:::::

PSU BANKS ASKED TO COMPLETE FUND TRANSFER TRANSACTION IN A DAY

RBI said that public sector banks will have to make transfer of funds to government account in case of e-payment within one day of the transaction from next month.

This decision was taken after a review carried under Controller General of Accounts (CGA).

"The committee (constituted by CGA) recommended that the remittance norm of T+1 working day ... For e-payment as applicable for private sector banks may also be made applicable for the public sector banks," the RBI said in a notification.

The new norm will come into effect from November 1.

According to existing rules, formulated in 2008, all government transactions, in form of e-payment, has a permissible time period of two days after the date of transaction.

Posted by C.B.O.A., A.P.

Labels:

0 comments

Post a Comment

Subscribe to: Post Comments (Atom)