Efficacy of Focal Point Branch System Sub: Efficacy of Focal Point Branch system. SBI has pointed out delay in submission of verified copy of Date-wise Monthly Statements (list of defaulting Railways is enclosed) and non-receipt of annual updation of “list of authorized signatories” alongwith telephone numbers of the cheque drawing authorities from Railways. Kindly look into … [Read more...]

Introduction of Single Window System for reimbursement of Railway Pensions (Bank of Maharashtra) Advantages to the Zonal Railway; - The designated Railways need to interact only with the nominated Nodal Branch for both submission of PPOs and receipt of pension scrolls. PPOs would be sent directly to the nominated Nodal Branch instead of the various Link branches, … [Read more...]

Introduction of Single Window System for reimbursement of Railway Pensions (Union Bank of India) Advantages to the Zonal Railway; - The designated Railways need to interact only with the nominated Nodal Branch for both submission of PPOs and receipt of pension scrolls. PPOs would be sent directly to the nominated Nodal Branch instead of the various Link branches, … [Read more...]

Govt. Banking – approval of “Rail Shakti Product” of State Bank of India Click here to view the Original Circular Sub: Government Banking- Implementation of “Rail Shakti Product” of State Bank of India. Attention is invited to Board’s letter of even no. 2006/ACII/9/l/Pt.II dated 11.07.12 (RBA No. 24/2012) (copy enclosed) regarding introduction of “Rail Shakti Scheme’ of … [Read more...]

Encashment of fake cheque issued for RTGS Click here to view the Original Circular Forging of Railway cheques. A case of attempted fraudulent encashment of forged Railway cheques has been brought to the notice of. Board by one of the zonal Railways. These ' cheques were issued in favour of Railway Co-operative credit society Ltd and dispatched through registered post but … [Read more...]