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Highlights Instant Bank Account Verification by ‘penny drop'. Know what it means and why money is not deposited. New Delhi: Pension Fund Regulatory and Development Authority (PFRDA) devised a suitable technology intervention called Instant Bank Account Verification thus using "Penny drop" facility for the National Pension System (NPS) subscriber who wish to withdraw their funds. In order to ensure that the withdrawal amount is remitted within in the specified timelines in the subscriber's account the penny drop. In order to resolve the issue of return of remittances and to protect the inter...

SRINAGAR: Inspector General of Registration, J&K, Dr Pawan Kotwal reviewed the measures taken by the department to bring transparency and efficiency in the registration system by adopting IT-enabled applications for online execution of documents and collection of stamps and registration fee digitally. Dr Kotwal said that the department of registration has almost achieved the phase of digital business and will adopt the concept of paperless office soon. He added that with the introduction of computerized registration of documents and collection of stamps and Registration fee electronically, th...