Airtel is considered to be one of the most popular and one of the best mobile services in India. Built on the Airtel of catering communication advantages to the remotest regions of the country, the Airtel prepaid recharge offers have successfully precipitated as the best prepaid recharge offers provided by any other mobile services in India.
With its regional airtel recharge code slowly and gradually capturing the market, Airtel has continuously delivered some of the most attractive prepaid recharge offers for all of its users in India. What makes Airtel special is its conceptualization behind each and every recharge offer that it caters to its customers in each and every part of this country. Airtel knows it quite well that communication is the only crucial element which can help bring the light of development in all the regions of the country.
Airtel new unlimited night calling packs for the Airtel subscribers in Bihar and Jharkhand is a welcome change from the regular talktime packs. The new airtel online recharge net banking is the best payment option for prepaid mobile users. Payment can be proceed within no second and your mobile will be recharged very fast compared to other operators.. This particular talktime pack is valid for one month or 30 days. This recharge is also available as online Airtel recharge. So get your Airtel connection today and recharge your number with Rs. 74 recharge. Keep talking all night long until you lose your sleeplessness and die for some rest! Thus pack is specially meant for people who love to be in touch with their loved ones for a longer period of time.
Full talktime offers have always been in great demand for the usual reason of tax subtraction from a normal recharge voucher. Full talktime offers from Idea have already gained much popularity among its customers in other parts of the country. Adding to the benefiting factor of invincible network coverage and brilliant GPRS service, Idea has always been recognized as one of the most reliable and the most sustainable network service provider in India. Mobikwik.com has proved itself to be the best platform for online mobile recharge. All you need to do is visit the website, create your own account and an e-wallet or an online monetary account in the website, select your recharge and just click to recharge.
With mobikwik.com, recharging a mobile account has become easy. All you need to do is register yourself with the website, add on the e-wallet or Mobikwik balance and recharge your mobile prepaid account instantly. The Airtel Rs.98 Special Recharge GPRS pack is also available as Airtel online recharge for its users in Assam.
Tag: India
Bank Jobs In India In Banking Sector Also Involves The Marketing Jobs Due To The Diverse Functions
One of the most coveted careers in India, that is held in high esteem and is demanded by people, is that of the jobs in banking sector. Not only in the present day, but also in the post independence days, these jobs were considered prestigious and were in demand among the public. Since the time the government started the banks, there has been the requirement of people who could deal with the money of the public, helping in their deposits and withdrawals.
A few decades after independence, banks were looked upon as institutions which could be used for things more than just deposits and withdrawals. This involved the extending of loan services to the deservingly interested customers. To manage the loan paraphernalia, the bank jobs in India were created where competent people with knowledge of loan and its principles were recruited.
Gradually as the arena of loans widened, more and more officers were needed who could carry out the loan section of the banks. As loan facilities began to be provided in different aspects for the customers, more and more competent people were needed besides those employees who could help in the safekeeping and disbursal of the money.
During this era where the loans were provided to the customers, profitability of the bank increased and more numbers of loans were thought of being distributed to the requiring but deserving customers. To make people aware of different such loan facilities, there was a requirement of competent people who could convince the customers and help them avail of the loan. These people should have the knowledge of bank policies and
People who could carry out these functions were suitable for the marketing jobs in India. Not only banks, but the marketing jobs are on offer in almost every field, be it services or products. Every aspect of the economy and social life is directly or indirectly related to the sales and hence the marketing of products. Every sector functional and imaginable has the requirement of such personnel and therefore, in recent years marketing jobs in India are the highest in the country.
As the banks are diversifying into different other financial matters, the need of marketing people in the banks are also increasing. Private banks have already started this concept of selling their services and making them known to the general public. The concept is gradually seeping into the public sector banks. With the use of mutual funds, debit and equity related investments and insurance portfolios, the banks are also in requirement of marketing executives who can help spread the network of the banks.
All these effects, which are resulting in job proliferation, are due to the growth of the economy and are putting an indirect positive effect on the jobs that are being created. The whole of the country is looking at a plethora of jobs in almost every sector, but the jobs in banking sector have been especially spurred, so that hundreds of thousands of students and aspirants are able to find a job that is professionally and economically satisfying.
InfiniteCourses is a foremost name in the arena of web sites offering umbrella solution to all education related queries and dilemmas. Explore Bank Jobs in India, Jobs in Banking Sector, Marketing Jobs in India and much more.
E-Banking Impact of Information Technology in India
E-Banking: Impact of Information Technology in India Mr. Vijay Kumbhar [Assit. Professor in Economics, Abasaheb Marathe College, Rajapur Dist- Ratnagiri (Maharashtra)]
Introduction With the advancement of information technology and to derive the inherent advantages of its implementation, there was a long felt need to give recognition to the electronic mean as an alternative to paper based banking practice in India. The evolution of banking technology has been mainly driven by changes in distribution channels as automated teller-machine (ATM), phone-banking, tele-banking, pc-banking and most recently internet banking etc. In the traditional banking system a person had to go to a bank branch to deposit or withdraw money and get a bank statement book manually updated by a teller over the counter. With the introduction of computer networks, a networked printing machine started replacing the manual update of statements. Then automated teller machines (ATMs) were introduced to facilitate withdrawals, deposits and even transfers accommodating mobility in much wider geographical areas. Phone banking was a revolutionary concept in banking since it made banking accessible from anywhere as long as phones were available. With the successful diffusion of mobile phones, phone banking is moving into a next phase of development. However, one of the most substantial changes in banking technology is the recent introduction of internet banking.
1.0 Definition of E-Banking E-banking is defined as the automated delivery of new and traditional banking products and services directly to customers through electronic, interactive communication channels. E-banking includes the systems that enable financial institution customers, individuals or businesses, to access accounts, transact business, or obtain information on financial products and services through a public or private network, including the Internet. Customers access e-banking services using an intelligent electronic device, such as a personal computer (PC), personal digital assistant (PDA), automated teller machine (ATM), kiosk, or Touch Tone telephone. While the risks and controls are similar for the various e-banking access channels, this booklet focuses specifically on Internet-based services due to the Internet’s widely accessible public network.
1.2 Origin of E-banking In India The Indian banking system has undergone significant technological transformation since the 1980s.The Rangarajan Committee report in 1980s was the first step towards computerization of banks. Banks started exploring the idea of ‘Total Bank Automation (TBA)’. Although titled ‘Total Bank Automation,’ TBA was in most cases confined to branch automation. It was only in the early 1990s that banks started thinking about tying-up disparate branches together to facilitate information sharing. At the same time, private banks entered the banking arena with radically different strategies. The private banks provided huge budgets to the adoption of technology to provide a whole new range of financial products and services at minimal costs.
1.3 E-Banking in India Most of Indian commercial banks are providing non-conventional and innovative banking services. Product innovation is tied to internet banking; increasing competition amongst the leading banks also promotes product and service differentiation. For example, despite the Internet Banking System developed in 1990 by the reserve bank of India with the help of department of telecommunication of India. Moreover, Indian banks offer innovative technology based banking products and service to their customers. Information technology revolution affect on traditional banking practice in following manner in India.
1.3.01Computerization of Banks in India Computerization is general trend in all sector, banks also trying to Computerization, as per recommendation of Rangarajan Committee (II), the progress in implementation of the directive of the Central Vigilance Commission (CVC) on the need to computerize 70 per cent of the banking business by public sector banks before January 1, 2006, 13 banks had achieved the desired level. Figures as at end of March 2008 indicated that 23 banks have achieved the target, while two banks have computerisations levels ranging between 70 per cent and 79 per cent and two others were at a level below 65per cent and 29 percent banks having a core banking solution. At present there are 67.7% of branches are under Core Banking Solutions, 94.6% are fully computerized and 6.4% are partially computerized branches of public sector banks in India. Other than public sector banks, all private and foreign banks are mostly computerized recently.
1.3.02Wireless Banking, Online Banking or Internet Banking Wireless banking/ online banking is a delivery channel that can extend the reach and enhance the convenience of Internet banking products and services. Wireless banking occurs when customers access a financial institution’s network using cellular phones, pagers, and personal digital assistants through telecommunication companies’ wireless networks. It uses the Internet as the delivery channel by which to conduct banking activity, e.g. transferring funds, paying bills, viewing checking and savings account balances, paying mortgages, and purchasing financial instruments and certificates of deposit. Online banking usually offers such features as: Bank statements, with the possibility to import data in a personal finance program such as Quicken or Microsoft Money Electronic bill payment Electronic funds transfer between a customer’s own checking and savings accounts, or to another customer’s account Electronically investment purchase or sale of securities by D-Mat Account Loan applications and transactions, such as repayments account aggregation to allow the customers to monitor all of their accounts in one place whether they are with their main bank or with other institutions.etc.
1.3.03Core Banking or Centralized Banking Core banking is a term used to describe a service provided by a group of networked bank branches. Bank customers may access their funds from any of the member branch offices. Core banking consists of a networking process by which the servers of different branches of a bank are joined to a common server and henceforth an account holder may access, deposit, and withdraw money from his/her account from any of the branches of the bank. In 21st United States, core banking has become common place. Today 67.7 % of public sector bank branches are all branches of private and foreign banks are under core banking solution in India.
1.3.04Electronic Authentication and Electronic Signature Banks are now using technology for the proper identification of customers’ identity. In the era of technology based banking operation verifying the identities of customers and authorizing e-banking activities are integral parts of e-banking services. Since traditional paper-based and in-person identity authentication methods reduce the speed and efficiency of electronic transactions, financial institutions have adopted alternative authentication methods. The latest option digital (electronic) signatures for generating and identification of customers signature is best option within the electronic banking platform.
1.3.05BANKNET BANKNET is a internet based communication network backbone. It provides speed of financial transaction. At present, seven centers viz. Mumbai, Delhi, Calcutta, Madras, Nagpur, Bangalore and Hyderabad. Set up in 1991 by the RBI, this backbone is meant to facilitate transfer of inter-bank (and inter-branch) messages within India by Public Sector banks who are members of this network. More centres (like Pune, Ahmedabad, Kanpur, Lucknow, Chandigarh, Kochi, Jaipur, Bhopal, Patna, Bhubaneshwar, Thiruvananthapuram, Guwahati, Panaji Jammu etc) are being brought on the network.
1.3.06INFINET-Indian Financial Network The ‘INFINET’ Indian Financial Network is a satellite based wide area network using VSAT (Very Small Aperture Terminal) technology set up by the RBI in June 1999. The hub and the Network Management System of the INFINET are located in the Institute for Development and Research in Banking Technology, (IDRBT) Hyderabad. Among the major applications identified for porting on the INFINET in the initial phase are e-mail, Electronic Clearing Service – Credit and Debit, Electronic Funds Transfer and transmission of Inter-city Cheque Realization advices. Later, other payment system related applications as well as Management Information System (MIS) applications are proposed to be operationalized.
1.3.07Indian Banks and S.W.I.F.T All Indian public sector banks are part of the international financial messages communication network, namely, Society for Worldwide Inter-bank Financial Telecommunication (S.W.I.F.T). The S.W.I.F.T provides reliable and expeditious telecommunication facilities for exchange of financial message all over the world. The gateway is in Mumbai and efforts are on to other cities through leased lines/public data network.
1.3.08Electronic Data Interchange (EDI) EDI is a computer-to-computer transfer of details of commercial or administrative transactions using an agreed protocol and standard data structure. EDI standards have been developed in respect of specific messages for transmission of business transactions which are electronic equivalents of commercial invoices, purchase orders, transport bookings and payment instructions etc.
1.3.09Telephone banking, Mobile Banking and SMS Banking Telephone banking is specific provision of banking services over the telephone. It allows customers to perform transactions over the telephone. Most telephone banking use an interactive voice response (IVR). Mobile Banking is the hottest area of development in the banking sector and is expected to replace the credit/debit card system in future. Most of banks are providing SMS alert facility to their customers. Facility of SMS services SMS banking is becomes very much safe and useful in recent days.
1.3.10MICR Clearing MICR (Magnetic Ink Character Recognition) is a character recognition technology adopted mainly by the banking industry to facilitate the processing of cheque. The process was demonstrated to the American Bankers Association in July 1956, and it was almost universally employed by 1963. MICR characters are printed with a magnetic ink or toner. Magnetic printing is used so that the characters can be reliably read into a system, In India MICAR Introduced in 1987 in the four Metros, the MICR Clearing is now in operation in 14 centers (HYDERABAD, BANGLORE, AHMEDABAD, KANPUR, JAIPUR, NAGPUR, BARODA, PUNE, GAUHATI, TRIVANDRUM) and is proposed to be extended to a total of 22 centers where volume of clearing transactions is large. 1.3.11Automated Clearing House The Automated Clearing House (ACH) is an electronic banking network operating system. ACH processes large volumes of both credit and debit transactions which are originated in batches. Within the Rules and regulations governing the ACH network are established by the Reserve Bank of India by the help of the State Bank of India. 1.3.12Credit card and Debit Cards A credit card system is a type of retail transaction settlement and credit system, named after the small plastic card issued to users of the system. In the case of credit cards, the issuer lends money to the consumer. Credit cards are become very popular in India with the introduction of foreign banks in the country. A debit card is a plastic card which provides an alternative payment method to cash when making purchases. Debit cards are accepted at many locations, including grocery stores, retail stores, gasoline stations, and restaurants. It’s an alternative to carrying a checkbook or cash. There are currently two ways that debit card transactions are processed: online debit cards and offline debit cards. Online debit cards require electronic authorization of every transaction and the debits are reflected in the user’s account immediately. Offline debit cards have the logos of major credit cards (e.g. Visa or MasterCard) or major debit cards (e.g. Maestro) and are used at point of sale like a credit card. This type of debit card may be subject to a daily limit, as well as a maximum limit equal to the amount currently deposited in the current/checking account from which it draws funds.
1.3.13RTGS (Real Time Gross Settlement System) Real Time Gross Settlement (RTGS) is a comprehensive secured on line settlement solution, set up, operated and maintained by Reserve Bank of India to enable funds settlement across banks in the country on real time basis to minimize costs and maximize benefits, increase velocity of funds-flow both inter- city and interbank, reduce credit risk, increase transparency of payments and better liquidity management. RTGS is managed by RBI. In India RTGS System has been implemented since March 26, 2004. 1.3.14Electronic Clearing Services (ECS) ECS Scheme operated by the RBI since 1996-97, it helps to make payment from a single account at a bank branch to any number of accounts maintained with the branches of the same or other banks. This is the most useful mode of payment of dividend / interest/ pension/refund etc. The clearing and settlement activities are dispersed through 1,047 clearing houses managed by RBI, the State Bank of India and its associates, public sector banks and other institutions. 1.3.15Electronic Funds Transfer (EFT) & Special Electronic Funds Transfer EFT System hosted and operated by the RBI, permits transfer of funds, unto Rs. 5 lacs from any account at any branch of any member bank in any city to any other account at any branch of any member bank in any other city. This system utilizes the Service Branches of the member banks and the nodal offices of RBI. RBINET is the conduit for the flow of funds. The Reserve Bank of India acts as the service provider as well as regulator. A special EFT (SEFT) was introduced in April 2003 covering about 3000 branches in 500 cities. This has facilitated same day transfer of funds across accounts of constituents at all these branches. 1.3.16Automated Teller Machine (ATM) The first bank to introduce the ATM concept in India was the Hong Kong and Shanghai Banking Corporation (HSBC) in the year 1987. Now, almost every commercial bank gives ATM facilities to its customers. SBI is following the concept of ‘ATMs in Quantity’. The Corporation Bank has the second largest network of ATMs amongst the Public Sector Banks in India. Today’s all Public Sector Banks are taking the installation of ATMs seriously for Indian market. They are either setting up their own ATM centers or entering into tie-ups with other banks. Since April 2009 access in any ATM machine is free of charge it is the great opportunity to any ware banking in India. 1.3.17Electronic Bill Payment EBP can attract customers due to the faster and efficient bill payment mechanism of the banking in India. Customers can access their financial information more easily and create a more intimate relationship with the customer and promote and deliver other online products and services. Most of Indian banks are trying setups an EBP portal. ICICI has already started a portal called BillJunction.com. Banks are planning to use the Net for payment of utility bills. They are entering into tie-ups with utilities like MTNL, AirTel, Orange, and BPL Mobile etc. Right now, a customer who’s received a bill in the physical form logs into the network in order to make an online payment. In the future, these bills will be sent to customers through the Net.
Conclusion All these developments in Indian banking are shows that, the Indian banks are marching towards modern banking and changing their traditional look. It is grate change of banking industry because of information technology development. They are trying to installation of information technology for banking business and they trying to provide technology based banking products and services to their customers. Indian banks also trying to Univerlisation of banking products and services to one stop banking shop for customer delight, but comparatively private and foreign banks existing in Indian economy are having a higher level of modernization and those providing numbers of modern services to their customers. References:- 1)Davis whitely (2000) : Strategy Technologies, and Applications MCGRAW- Hill company. 2)Dr. M.Mahmaoudi Maymand (2005) E-commerce Deep & Deep publications pvt.Ltd. 3)Gordon, Natarasan (2006) Financial Markets & services Himalaya publication House Delhi. 4)P.R.Shukla, S.K.Rovchoudhary, (1992), Banking System, credit and Developments, Akashdeep publishing House, New Delhi. 5)N.Vinaykam (1993); A peep In To The Private sector Banks, kanishka publishers Delhi. 6)Khan Masood Ahamad (1992) Banking In India, Anmol Publications, New Delhi. 7)S.S.Hugar (1993), Trends And challeges To Indian Banking, Deep & Deep publications, New Delhi. 8)Vasant C.Joshi, Vinay V.Joshi (1998) Managing Indian Banks : The Challenges Ahead, Sage publications, New Delhi. 9)Frederic S. Mishkin (1998), The Economics of Money Banking and Financial Markets 5th edition an important of addition wesly Longman. 10)Report on Trends and progress of Banking in India – 2005-06 11)R.B.I. Annual Report 2004-05 and 2005-06. 12)Banking Industry – Vision 2010 13)Professional BANKER – July 2007.
Best Short Term Finance Management Training Courses Banking Delhi
Best Short Term Finance Management Training Courses Banking Delhi: The one year PGD-AFPWM is a breakthrough innovation as far as post graduate professional courses in India are concerned. Conceptualized by Mr. Niamatullah, former MD SBI Mutual Fund and currently Director Academics of IIFP, this one year course provides to fresh graduates from any stream an opportunity to pursue a lucrative career in personal finance.
The one year at IIFP makes the student a dynamic professional comparable to the best in the world and ready to be absorbed in the industry.
IIFP continuously update and revise the course content to keep it relevant for the requirement of industry.
IIFP have innovated a unique teaching methodology where students are regularly given case studies and asked to apply their knowledge to find solutions of financial problems. Group assignments, presentations, continuous evaluation of lessons learnt etc are other highlights of this policy.
A significant part of the role of teaching fraternity is that of facilitators, guides and mentors.
IIFP has also developed world class study material and work books for the entire CFP Certification Education Program.
IIFP has received excellent feedbacks from student fraternity on the quality of study materials and this fact is amply reflected in the popularity of IIFP across the country for training and education in finance.
IIFP has a dynamic placement wing which closely interacts with the industry people, on a regular basis, and maintains excellent relationship with HR managers.
The placement department also plays an important role in grooming of students.
Some of the key activities performed by the department are
Career counseling to help the student select right profile and company
Helping the students prepare effective resume
Conducting mock interviews to help the students master the right attitude and skills
IIFP has about 95% placement record since inception. The average package provided to the PGDAFPWM students in the year 2010 was ‘ 3.5 lacs with ‘ 6.5 lacs as highest package. Around 60% of the students got a package higher than the average package.
The Revolutionary Concept of Cord blood banking is making life better
The concept of cord blood banking can be considered a boon to mankind. Placenta and umbilical cord that used to be discarded by doctors after delivery has now become a lifesaver. These organs are said to have a lot of potential and the cord blood stem cells collected from them can treat several pediatric disorders.
Disorders that can be cured with cord blood:
There are several disorders that can be cured if you decide to get your baby’s cord blood stem cells stored after delivery. Some of them include: Multiple Sclerosis Stroke Cerebral Palsy Spinal Cord Injury Beta – Thalassemia Cardiac Diseases Diabetes Parkinson’s Disease Renal Cell Carcinoma Acute/ Chronic Leukemia Plasma Cell disorders Alzheimer’s disease Renal Cell Carcinoma
Procedure of cord blood banking:
Baby or the mother will not experience any pain during the collection of cord blood. The procedure is safe and it just requires few minutes. Once the baby is born and the umbilical cord is clamped and cut, cord blood is collected immediately. A special bag is used for storage.
What are the benefits of cord blood banking?
There is no doubt that the process of banking the cord blood is expensive but if you look at it as an insurance of investment for your child’s future, the cost won’t matter. There are many children all over the world who suffer from lymphoma, leukemia, thalassemia, sickle cell diseases and other disorders that can be treated with cord blood transplant. All these kids can be cured if cord blood stem cells were stored during their birth.
How expensive is cord blood banking:
There are many families that cannot afford to pay for banking cord blood stem cells. Private banking is high in rates since the storage procedure is complex. Cost is one of the main concerns that stops many families from benefiting from cord blood banking. A lot depends on the type of cord blood bank you have chosen. For instance, StemOne is one of the leading cord blood banks in India that has been successful in offering this service to many families since 2005. You can contact the bank for their rates and more information about their services.
So, if you really want to make sure that your child’s health is secure after his birth, take the pain of finding more information on cord blood banking.
Author Bio: Indrajit Roy is the business development head of StemOne, India. He has a bachelors degree in molecular biology and been actively involved in this field for several years. He likes to share ideas and recent developments in the field of stem cell treatment and cord blood banking through writing.