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Core Banking – Towards Execution - 2012-14 G. Natarajan, Director (Core Banking Solutions) The first ATM in India was installed by HSBC Bank in 1987. [1] Post offices will get ATMs next year. The technology gap between India Post and HSBC (India) is more than 20 years. The last branch of SBI went live on the core banking (CB) platform in the year 2008. [2] The last departmental post office will go live on the core banking platform in 2014. There will still be a gap of six years. Reasons for Core Banking The need for core banking for Post Office Savings Bank (POSB) arises out of many reasons: 1. Cost of operations : The cost of operations in core banking is less than those of the present system. The remuneration we get from the Ministry of Finance for Post Office Savings Bank   work is based on an average of five transactions per account per year. If we take out the back office work, this would mean that we spend roughly Rs. 30 per transaction. (Surprisingly, banks’ counter transa...

India has the largest number of Post Of fices in the world. However, 5,00,327 villages are without Post Of fices in the country. Opening of Post Of fices is an on-going process. New Post Of fices are opened as per the prescribed norms and subject to availability of Plan funds and manpower. It has been proposed to open 80 Branch Post Of fices and 50 Sub-Post Of fices in the country during the current financial year (2012-13). 24,969 departmental Post Of fices have been computerized, out of which 21,606 Post Of fices have been provided electronic money order facilities. The Department has a plan to provide these services through all Post Of fices in phased manner and it is expected to be completed during the current Plan.  This information was given by Dr. (Smt.) Killi Kruparani, Minister of State for C&IT in written reply to a question in Lok Sabha today. Source : PIB

Futures: RD/All TD/MIS/SCSS/SB/PPF etc. 1. Calculate premature closer. 2. Calculate maturity closer. 3. PMI Calculation. 4. Loan Interest Calculation for RD/PPF accounts 5. with all relevant rules. Download Developed by : Rajeev Sharma PA(SBCO) Chamba HPO Chamba - 176310 Cell 09625259779

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  Getting used to using your keyboard exclusively and leaving your mouse behind will make you much more efficient at performing any task on any Windows system. I use the following keyboard shortcuts every day: Windows key + R = Run menu This is usually followed by: cmd = Command Prompt iexplore + "web address" = Internet Explorer compmgmt.msc = Computer Management dhcpmgmt.msc = DHCP Management dnsmgmt.msc = DNS Management services.msc = Services eventvwr = Event Viewer dsa.msc = Active Directory Users and Computers dssite.msc = Active Directory Sites and Services Windows key + E = Explorer ALT + Tab = Switch between windows ALT, Space, X = Maximize window CTRL + Shift + Esc = Task Manager Windows key + Break = System properties Windows key + F = Search Windows key + D = Hide/Display all windows CTRL + C = copy CTRL + X = cut CTRL + V = paste Also don't forget about the "Right-click" key next to the right Windows key on your keyboard. Using the arrows and t...