Reversal procedure for excess commission recovery procedure in Finacle:-

   This scenario will be faced in real scenario in the following situations.

• When an account is opened with a wrong agent instead of other agent.
• When an agent account opened with wrong deposit amount
• When an agent account opened with wrong date of opening(value date)
• When an agent account is opened twice due to error "couldn't get response from error"

THE PRIME MINISTER'S OFFICE HAS TAKEN A REVIEW OF THE DEPARTMENT OF POSTS ON LEVERAGING THE POST OFFICE NETWORK

The Prime Minister's Office (PMO) has taken a review of the Department of Posts (DoP) with special focus on the implementation of proposals submitted by a task force on leveraging the DoP's post office network.

The PMO held a meeting with senior officials last week and discussed the action taken by DoP so far regarding setting up of the payments bank, e-commerce initiatives and modernisation of its information technology (IT) infrastructure.