IMPS – Interbank Mobile Payment Service
1. What is IMPS? Interbank Mobile Payment Service (IMPS) is an instant interbank electronic fund transfer service through mobile phones. IMPS facilitate customers to use mobile instruments as a channel for accessing their banks accounts and remitting funds therefrom. 2. Presently, how are interbank fund transfers made using mobile phone? Various banks are providing remittance facility through their mobile banking platforms. The interbank remittance request initiated from a mobile is processed by the beneficiary bank as a National Electronic Fund…
NEFT UTR Number
The term UTR No. means Unique Trasaction Reference Number and it is generally used in association with NEFT transactions done through bank. For every successful NEFT transaction, your Bank will provide a UTR number (Unique Transaction Reference No.). For example, if you do the a NEFT transaction with a branch of Union Bank of India, the Union Bank of India will provide the UTR No. to you which can be used to track the transaction later. So, UTR number is…
Test Centers for CWE (Common Written Exam)
The Common Written Examination (CWE) will be held on 18th September 2011 for recruitment in 19 public sector banks. The written examination will be held at the following centers and the address of the test centers will be mentioned in the call letters: State /UT Centre City Andaman & Nicobar Port Blair Andhra Pradesh Guntur Hyderabad Karimnagar Rajahmundry Tirupati Vijaywada Vishakhapatnam Arunachal Pradesh Itanagar Assam Dibrugarh Guwahati Jorhat Silchar Bihar Bhagalpur Muzaffarpur Patna Chandigarh Chandigarh Chattisgarh Raipur Dadra & Nagar…
Common Written Exam (CWE) Syllabus and Sample Paper Test
The Institute of Banking Personnel Selection (IBPS) will organise the common written exam (CWE) for recruitment of Probationary Officers / Management Trainees posts in the Public Sector Banks (19 participating banks). Almost all major public sector banks (except SBI) are going to recruit based on the performance in CWE and hence the CWE Exam is necessary for all candidates to apply for bank PO jobs in any of these 19 banks. These banks offer most lucrative jobs in the banking…
How to apply to CWE (Common Written Exam) for Bank PO
I am listing down the step-wise process of applying to CWE (Common Written Exam) for Bank PO conducted by IBPS. Please read about the CWE conducted by 19 public sector banks for recruitment of Bank PO Officers here. Candidates can apply ONLY ONLINE from to and no other mode of application will be accepted. Before you start the Application Process, please note the following points - 1) In order to apply for CWE online, please make sure who have the…
Guidelines for scanning/ uploading of Photograph & Signature for CWE for Bank PO
Guidelines for scanning and Upload of Photograph & Signature ( As per Annexure 2 of IBPS Document) Before applying online a candidate will be required to have a scanned (digital) image of his/her photograph and signature as per the specifications given below. Photograph Image: - Photograph must be a recent passport style colour picture. - Make sure that the picture is in colour, taken against a light-coloured, preferably white, background. - Look straight at the camera with a relaxed face…
Common Written Exam (CWE) for Bank PO
UPDATE: Common Written Exam (CWE) for Bank Clerical Cadre The Institute of Banking Personnel Selection (IBPS) will organise the common written exam (CWE) for recruitment of Probationary Officers / Management Trainees posts in the Public Sector Banks (19 participating banks). Important Dates: Start date for Online Registration - Payment of Application Fees - to (both dates inclusive) Last date for Online Registration - Last date for Editing Application Details - Download of Call letter for Written Examination - After Written…
What is CSGL Account?
CSGL accounts are a demat form of holding government securities with the RBI, just as an investor can hold shares in demat form with a depository participant. Government Securities are largely issued as Stocks and held in demat form to the credit of the holder in the Subsidiary General Ledger account (SGL) maintained in the books of RBI. When these securities are held by the investor through an agent like PD or Bank the agent holds another SGL account with…
GSecs for Retail Investors
Retailing the G-Secs means taking the G-Secs market to retail investors. Today, the G-Secs market in the country is predominantly inhabited by wholesale players like Banks, Financial Institutions, Primary Dealers, FIIs, Mutual Funds, Insurance Companies, Brokers, Pension Funds, etc. For vibrant G-Secs market, it is necessary to attract retail investors so that they can participate in the market that will bring them a reasonable return with no credit risk. Recently, with the introduction of Government Securities Act, 2006 and the Government…
Certificate of Deposit in India
CDs are negotiable money market instrument issued in demat form or as a Usance Promissory Notes. CDs issued by banks should not have the maturity less than seven days and not more than one year. Financial Institutions are allowed to issue CDs for a period between 1 year and up to 3 years. CDs are like bank term deposits but unlike traditional time deposits these are freely negotiable and are often referred to as Negotiable Certificates of Deposit. CDs normally…