Category Archives: Finance

Circulation of New Rs 200 Notes to start soon

Reserve Bank of India is poised to release the newly designed and printed denomination of Rs 200 and Rs 50 notes in the days to come. The release date of Rs. 50 denomination is still unclear however Rs 200 note is expected into the circulation by the coming Friday. The circulations of new currency denominations are likely to ease the strain in market due to cash crunch. Union government has already given its nod to the Reserve Bank of India to release the new currency note. It is will be sigh of relief to people and trading community who are facing circulation difficult due to change for higher currency notes like Rs. 2000 and Rs. 500. The base color of the Rs. 200 note is bright yellow with dimension as 66 mm X 146 mm as per the official statement from Reserve Bank of India.

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PFRDA is observing NPS Service Fortnight from 27th June, 2017 to 11th July 2017 to promote and create awareness about the NPS and improve the quality of services provided

Finance

With a view to promote and create awareness about the National Pension System (NPS) and improve the quality of services provided to the subscribers, Pension Fund Regulatory and Development Authority (PFRDA) is observing NPS Service Fortnight from 27th June, 2017 to 11th July 2017. During this period all the nodal offices, Pay and Account Offices and DDOs under the Central and State Governments, Points of Presence/ banks/ aggregators/ banking correspondents etc. involved with the acquisition and servicing of NPS subscribers across the country are required to provide all necessary assistance to the subscribers/ prospective subscribers, create awareness about the National Pension System, attend to their services requests, etc in a proactive manner. In order to promote awareness regarding importance of updation of latest contact details in PRANs and to provide basic facilities on the spot, the NPS Service fortnight is being organised. On this occasion, besides sharing information on the range of functionalities and services now available under the NPS, the subscribers need to be apprised about the need for constant updation of data/information under various fields to enable the system to operate at its optimum service level and enable the subscribers to make the best use of the functionalities available under NPS.

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