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SBI COMMERCIAL BRANCH, VISAKHAPATNAM Press Release

 


RBO-I, Metro
Admn.Office
VISAKHAPATNAM
Date:  05.03.2012

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

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