Difference between NEFT and RTGS Fund Transfer

Useful for Banking Exams…….

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 While studying for Banking Exams or doing fund transfer we often come across the words NEFT and RTGS. Lets try to understand what is NEFT and RTGS and what is the difference between them. NEFT and RTGS are two main money transfer mechanisms in India. That is if we want to transfer money from one bank to another bank we have to use any one of this method.

Transferring money between two accounts in same bank is pretty straight forward and it’s an internal matter of the bank (eg: between two SBI branches and also banks within SBI Group), it does not have to deal with other banks and their protocols, however when one bank wants to send the money to another bank in India, there is a defined mechanism (eg: from SBI to ICICI, HDFC, Axis Bank etc.) it has to be done and hence NEFT and RTGS comes into our help. Both these systems are maintained by Reserve Bank of India.

TAMILNADU CIRCLE- REGIONAL LEVEL INFORMAL MEETING TO AIAPC - LETTER FROM CIRCLE SECRETARY TO THE CPMG

To

    The Chief Post Master General,

    Tamil nadu circle,

    Chennai -600 002

                                          Sub:- request for informal meeting facility. reg

                                          Ref:-my previous  letter dated 23.03.2013

Respected madam,

On behalf of Tamil circle level , all India  association of Postmaster Cadre, we are glad to inform to the esteemed Chief postmaster General ,TN circle that  we have formed All India Association of Postmaster cadre, Tamil Nadu circle on 10.02.2013 and our office bearer list was already sent on 23.03.2013 for necessary action.


Our All India Central Head Quarters office bearers were meeting our Honorable DDG (P) at Dak Bhavan on 17.04.2013 .In this informal meeting, they discussed various issues of our association. Our CHQ advised us to make an arrangement, to meet with CPMG and discuss our association’s issues through informal meetings.

I request that our association may kindly be given an informal meeting with Circle level and regional levels. Our circle level, Tamil Nadu circle  association of postmaster cadre requests the revered CPMG , TN circle for issuance of directions to all regional PMGs , Tamil Nadu circle to hold informal meeting with regional level representatives  and all divisional head with divisional representatives.

I assure that our association will cooperate with the administration in all aspects and expect the eligible facilities may kindly be extended to us.                

                                  With remaining thanks

22.06.2013                                    

                                       R RAJENDRAN

                                                                                               Circle secretary

                            AIAPC TN circle 

                       CELL 96008  41933 

   

Admit Cards for PM Grade I (Departmental) Examination (30th June 2013)

To view details, please CLICK HERE. 

India Post’s bank plans meet hurdle

The Department of Financial Services (DFS) has opposed the proposal of the Department of Posts (DoP) to apply for a banking licence. According to the DFS, though the network of post offices is large with 1.55 lakh offices across the country, they neither have an interconnected system in place to give people access to their money anywhere and at anytime like the banks, nor experience in lending.

“A Cabinet note is being circulated by the DoP for them to apply for a banking licence. But we are against the move,” a senior DFS official told FE.

SUBMISSION OF LIFE CERTIFICATES WITH ADDITIONAL INFORMATION IN NOVEMBER EVERY YEAR

To view details, please CLICK HERE

iMO URL Changed

The url of iMO web application is changed from https://indiapostimo.gov.in/nic to https://indiapostimo.gov.in

Please add this url to Trusted Sites (Internet Explorer-> Tools-Internet Options-> Security->Trusted Sites) 

IS POSTMASTER CADRE IS STILL EXISTING!!!

In Thane Central Division Compliant Inspector(IP) Shri. Vijay Kumar Taware who is also entrusted the work of scrutinising  and giving permission of the purchase(J Branch work) even though one J branch is function is insisting and thretening the Postmaster cadre officials through phone/PRI(P) to use the Rubber Stamp of the SUB POSTMASTER(LSG)/HSGII instead face the dire consequence of action from the divisional administration for grouping and making issues againt the adminitration.Eventhough he was explianed about the seperate cadre is constructed with reference to the Directorate orders endrossed by the Circle and Regional offices. He is not convinced and instead of refereing the orders he said he asked other divisions about the stamp and confirmed they are also using the SUB POSTMASTER LSG/HSG II rubber stamp.

Who will clarify the following questions : (RTI application is only a saviour)

1.Whether postmaster cadre is existing or its wiped out without knowledge of the incumbent

2. What will be the designation of the Postmaster Cadre Officials when they are posted in the identified post offices.

3. Is the action of the above named IP is correct? if  YES...please clarify what should be the designation of the Postmaster cadre officials? if NO... What will be action taken against the above named IP for coercin and harrassing a more than equally talented other cadre officials by using his power and nearness to the divisional administration?

4.What are the remedies available to the Postmaster cadre officials who are pressuriesd to work under coercien and block on their progressive way  to brought up the pride of the Indiapost.

source Postmaster Maharastra.blogspot.in

Notification for holding of Inspector Posts Examination 0n 7 & 8th September, 2013 issued by Directorate.

Directorate vide memo No. A.34012/05/2013-DE dated 17/6/2013 has issued notification for holding Limited Departmental Competative Examination for the promotion to the cadre of Inspector Posts 66.66% Departmental Quota for the year 2013 on 7/9/2013 and 8/9/2013. 

To view the original copy of Directorate memo, please CLICK HERE.

PA/SA DIRECT RECRUITMENT RESULT 2013

It is informed that the circle wise final result of PA/SA direct recruitment exam will be announced during the period from 1st August to 30th September 2013. Valuation of exam papers already over and Hall permit for computer test will be issued shortly. It is proposed to have online computer test for the selected candidates. About 14 lakhs candidates appeared in the exam for PA for the vacancies around 5100.

(M. Krishnan)
General Secretary

source : http://www.aipeup3chq.com/

Holidays to be observed in Central Government Offices during the year 2014 - Dopt order

Please click here

Source: www.persmin.nic.in