The Reserve Bank of India decided to extend timings of RTGS from August 26, 2019. With effect from August 26, 2019 the RTGS system is available for customer transactions from 7:00 are to 6:00 pm and for inter-bank transactions from 7:00 am to 7:45 pm. The IDL Reversal timing fixed between 7:45 pm -8.00 pm and end of day at 8.00 pm.
The RTGS system is at present available for customer transactions from 8:00 am to 6:00 pm and for inter-bank transactions from 8:00 am to 7:45 pm. From the above decision of RBI to increase RTGS timings by one hour, the customers of bank will get more time for money transfer from their home branch to other centres.
Accounting is a multifaceted discipline. It caters to the diverse informational needs of stakeholders within…
As the name says ‘computerised accounting’ is the use of computers, software, and hardware to…
The Supreme Court today overruled a 2008 decision by the National Consumer Disputes Redressal Commission…
The Bank’s financial statements are prepared under the historical cost convention, on the accrual basis…
The term "accounting treatment" represents the prescribed manner or method in which an accountant records…
The Basel Committee on Banking Supervision (BCBS) is the primary global standard setter for the…