J&K Grameen Bank launches new services

Mumbai, Sept 4 (IBNS): J&K Grameen Bank, with the help of IDBI Intech’s i@Connect software, on Tuesday announced it has launched National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) services. "RBI Circular dated 09th April 2012 (Access criteria for payment systems – sub-membership to centralized payment systems) had mooted this innovative concept of rural banks to become a sub-member to their sponsor bank," said on official spokesperson on Tuesday......

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