Dear Members! Tavri Investment is happy to announce the launch of Tavri Investment’ - Mobile based Android application,for free download developed in-house for the Android OS based Smart phones and Tablets, in order to provide relevant, timely information while on the go Download from the Following Link: Click here to start download
As per RBI guidelines, there have been certain changes made to the cheques issued by the Bank. However, these changes are available only in chequebooks issued after August 2011. If you have obtained the chequebook prior to this, the cheques will not be valid after December 31, 2012. If the cheques you currently hold have the following features, they will be valid after the given date. "Please sign above" is mentioned on cheque leaf on the lower right-hand side. A wave like design is embossed on the left-hand side of Cheque leaf
Lets try to understand what is NEFT and RTGS and what is the difference between them. NEFT and RTGS are two main mechanisms to transfer money from one bank to another bank in India. Transferring money between two accounts in same bank is pretty straight forword and its a internal matter of the bank, it does not have to deal with other banks and their protocols, however when one bank wants to send the money to another bank in India, there is a defined mechanism it has to be done and hence NEFT and RTGS comes into picture. Both these systems are maintained by Reserve Bank of India. Lets understand both of these NEFT – National Electronic Fund Transfer NEFT full form is National Electronic Fund Transfer, and its a system of transfer between two banks on net settlement basis. Which means that each individual transfer from one account to another account is not settled or processed at that same moment, its done in batches . A lot of transactions are settled in one go ...
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