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Showing posts with label GK FACTS. Show all posts
Showing posts with label GK FACTS. Show all posts

Saturday, December 20, 2014

BANKING GK FOR ALL BANK EXAMS PART-1

<< BANKING GK (PART-1) >>
1. WHAT IS RTGS ?
      RTGS is stands for Real Time Gross Settlement”.
Ø  RTGS system is a funds transfer system where transfer of money or securities takes place from one bank to another bank on a “REAL TIME” and “Gross” basis.
Ø  The settlement is on Gross Basis unlike usual clearing system which is on Net basis.
Ø  In RTGS, RBI acts as the settlement agent between the banks, settlement risk and systemic risk are                    minimized because of RTGS. It is the fastest mode of transaction.
Ø  Credit Time :The beneficiary bank has to credit the beneficiary's account within 30 minutes
Ø  Timings : 8 AM to 8 PM for Monday to Friday and For Saturdays it is 8 AM to 3:30 PM.
Ø  Transactions Limit:Rs. 2 Lakh and above and there is no No upper ceiling.
Ø  Transactions Charges – For amount 2 - 5 lakh not exceeding 30.00 per transaction.
For Above 5 lakh not exceeding55.00 per transaction.
2. What is NEFT?
     NEFT is “National Electronic Funds Transfer
Ø  NEFT enables funds transfer from one bank to another but works a bit differently than RTGS.
Ø  NEFT uses an Indian Financial System code  (IFSC). It is an alpha numeric code that identifies the bank
        branches. It has 11 digits – 1stfour represent Bank code, 5threserved as control code (presently 0)and remaining 6are branch code.
Ø  Under NEFT,individuals, firms and corporate can electronically transfer funds from any bankbranch to any
        individual, firm or corporate having an account with any other bank branch in the country participating in the system.
Ø  Credit Time : Same day or next working day
Ø  Timings:   9 AM to 7 PM on weekdays and 8 AM to 1 PM on Saturday.
Ø  Transactions Limit  There is no limit  either minimum or maximum. However, maximum amount per transaction is limited to Rs.50,000/- for cash-based remittances to Nepal.
Ø  Transactions Charges
        -  For transactions up to Rs 10,000 not exceeding Rs 2.50 (+ Service Tax)
- For transactions above Rs 10,000 up to Rs 1 lakh not exceeding Rs 5 (+ Service Tax)
-  For transactions above Rs 1 lakh and up to Rs 2 lakhsnot exceeding Rs 15 (+ Service Tax)
-  For transactions above Rs 2 lakhs: not exceeding Rs 25 (+ Service Tax)
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Thursday, December 18, 2014

INTERNATIONAL ORGANISATION WITH THEIR COMPLETE DETAIL

INSTITUTION
 YEAR
HEADQUARTERS
HEAD
MEMBER NATIONS
United Nations
(UNO)
1945
New York,USA
Ban-ki-moon
193
International Labour Organisation (ILO)
1919
Geneva
Guy Ryder
185
International Atomic Energy Agency (IAEA)
1957
Vienna,Austria
Yukiya Amano
162
Food and Agriculture Organisation  (FAO)
1945
Rome ,Italy
Jose Graziano da Silva
194
United Nations Educational , Scientific and cultural Organisation
(UNESCO)
1946
Paris
Irini Bokova
196
World Health Organisation
(WHO)
1948
Geneva
Margaret Chan
194
World Meteorogical Organisation
(WMO)
1950
Geneva
Michel Jarraud
183
International Maritime Organisation
1959
London
Koji Sekimizu
171
United Nations Children’s Fund (UNICEF)
1946
New York
Anthony Lake
36
United Nations Development Program (UNDP)
1965
New York
Helen Clark
177
United Nations Environment Program (UNEP)
1988
Nairobi
Achim Steiner



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