SBI COMMERCIAL BRANCH, VISAKHAPATNAM Press Release
RESERVE BANK OF INDIA CGM INAUGURATED E-PAYMENT SYSTEM IN INDIA - PRESS NOTE
A meeting on payment system in India has been inaugurated by Mrs. Rosemary Sebastian, Chief General Manager, Reserve Bank of India, Hyderabad at State Bank of India, Administrative Office, Visakhapatnam on 5th March 2012 . The main agenda of the meeting is to create awareness on Electronic Banking, Speed Clearing, Electronic Clearing services both debit and credit National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS). Sri M.Dash, General Manager of RBI, Hyderabad, Sri Deepak S.Purohit, Dy.General Manager, State Bank of India, Admin.Office, Visakhapatnam, State Govt.Officials, Central Govt. Officials, Public Sector Undertakings, other Corporates, Executives and Senior Officials from other Banks have participated in the meeting.
As a Regulator, RBI consolidated these NEFT/RTGS charges uniformly for all banks. All the participants have been advised to utilize these facilities and make the Electronic Banking system as successful in order to promote Green Channel initiative of Banking. All the electronic products are beneficial to public because it provides convenience, any time banking and foolproof transactions . The other highlights of the meeting is preventive measures for the Public in respect of Debit Card, Pre paid card, Mobile Banking and ATM.
03. In this direction, Visakhapatnam District has been identified by the State Bank of India, in the capacity of Lead Bank, for implementing electronic Banking.
RSVP : P.L.K.MURTHY, Contact : 9393100515