But sometimes customers also face such a situation that it fails on doing NETF or RTGS or any kind of money transaction from their account. Money does not reach the beneficiary’s account after the transfer. So what to do in such a situation? Let’s know the rules.

What if NEFT transaction fails?

In NEFT or National Electronic Fund Transfer, it usually takes 15 minutes for the money to arrive in the beneficiary’s account. In some cases it may take longer than this. Enough is enough, the beneficiary can get the money in two hours. But if there is something wrong then the money may not be credited at all. It is possible that the customer has wrongly entered the account number and other details of the beneficiary. If the details are not wrong and still the money has not arrived, then you can wait for some time and see. In these cases, either the money comes within two hours or the bank returns the money to your account. If this does not happen then you should go to the bank.

Will the bank pay the fine?

According to RBI rules, if the beneficiary’s account is not credited within two hours of the transaction, or the money is not returned to the sender’s account, then the bank has to pay a penalty. Without waiting whether the customer lodges a complaint on his behalf or not, the bank has to pay a penalty of 2% to the customer’s account for the number of days the bank is late with the RBI’s LAF (Liquidity Adjustment Facility) Repo Rate. Right now the LAF Repo Rate is running at 6.50%. On adding 2% to this, the bank will have to pay a penalty of 8.50%.

What if RTGS transaction failed?

Almost the same rules apply for this type of transaction. Usually, after the transfer is completed from the sender’s bank account, the money is transferred to the beneficiary’s account in real time.

The beneficiary bank has to credit the amount to the beneficiary’s account within the next 30 minutes and send the message, but in case the beneficiary does not receive the amount, the beneficiary bank will either credit the amount within 1 hour of receiving the transaction receipt on the payment interface Money has to be sent to the sender’s bank within or before the end of the RTGS business day, after which the bank sends it back to his account. Here also the bank has to pay the penalty. On adding 2 percent to the 6.50% LAF Repo Rate, the bank will have to pay a penalty of 8.50%.

What if the details of the beneficiary were wrongly given?

If the customer had given wrong account details of the beneficiary, then he can put a written application in the bank regarding this and ask for cancellation of the transaction. You are not trapped in such a situation, for this it is necessary to check the account number and other details very well while doing the transaction.

The post NEFT-RTGS Transaction Rules: Money sent but not received by the beneficiary? Know the rule of RBI in such a situation first appeared on Rightsofemployees.com.

7th Pay Commission: If you are a central government employee then this news is for you. Actually, the government has given a clarification regarding the Central Government Health Scheme (CGHS).Under this, the empaneled hospitals under CGHS cannot prepare two separate bills at the same time for the claim of treatment.

According to the government, any violation of these guidelines will be viewed seriously. It is possible that suitable action will be taken as per terms and conditions apart from removing the hospital from CGHS panel.

Important to know for patients:

According to the Ministry of Health, the empaneled hospitals cannot ask the beneficiary or his family to buy medicines / various items / equipment or accessories separately from outside. Apart from this, it was also asked to provide treatment within the package rate fixed by CGHS. The allocation of wards in empaneled hospitals under CGHS is done as per the 7th Pay Commission basic pay level of the Central Government employees concerned.

Card is necessary:

Central government employees must have CGHS card to avail this facility. This card can be obtained by visiting the official website of CGHS, filling the form and submitting the requested documents.

The post 7th Pay Commission: Important news for central employees, government said this on CGHS first appeared on Rightsofemployees.com.

If you are the beneficiary of PM housing, then definitely read this news. The government has made a big announcement regarding PM’s residence. After this announcement of the government, all of you will get a big benefit. The approval has been given to continue the Pradhan Mantri Awas Yojana- Gramin (PMAY-G Scheme) till 2024. Let’s know the latest updates.

Big announcement regarding PM Awas Yojana

It is worth noting that the government has set a target of allotting 2.95 crore pucca houses under the PM Awas Yojana- Gramin. So far, about 2 crore pucca houses have been built. But there are still many such families left, keeping in mind that approval has been given to continue the Pradhan Mantri Awas Yojana Gramin till 2024. Lakhs of villagers will benefit a lot from this.

information given by the government

According to the information given by the government, the total expenditure of the central government in this scheme will be Rs 1,43,782 crore and this includes Rs 18,676 crore for interest payment of loan to NABARD. In fact, through this scheme, the government also pays the hill states on the basis of 90 percent and 10 percent. While the rest 60 percent and 40 percent is paid by the Center and the states. Whereas in union territories, the government spends 100 percent of the money.

money is also available to build toilets

It is worth noting that the government gives Rs 12,000 for the construction of toilets under the Swachh Bharat Mission Gramin, which is given in addition to the construction of the building. Under this scheme, the government’s resolve to provide pucca house, water, electricity and toilets to every family is being fulfilled.

The post Pradhan Mantri Awas Yojana- Gramin: Government made a big announcement regarding PM Awas Yojana! know details immediately first appeared on Rightsofemployees.com.