Fund Transfer in India

Hi friends,

                In India, commonly there are 3 modes of fund transfer used in online.

 * RTGS
        It refers to Real Time Gross Settlement.
        From the name, it tells that the transfers is done at the real time ( instantly ).
        The Minimum transaction limit is Rs. 2 Lakhs,

 * NEFT
       It refers to National Electronic Fund Transfer.
       Maximum number of banks, provides this offer.
       The transaction is not done instantly, since the request is sanctioned by RBI ( Reserve Bank of India ). Only after that, the transaction is made between accounts.
       Within a day, the transaction is done to the beneficiary.
       There is no Minimum transaction limit here.

        RTGS and NEFT have leisure time in public holidays and Sundays. This is a disadvantage here.

 * IMPS
       It refers to IMmediate Payment Service.
       There is no Minimum transaction limit here too.
       One of the biggest advantage is, it works 24*7. There is no leisure time for IMPS even in public holidays or Sundays.

Hope its useful.

Symbols in electronic devices

Hello friends,

                    These are the various symbols which you would have seen in your daily life.
And here is the explanation for these symbols.

Hope this is useful !!                                                                                                                

Proud to be MITian....

Hello friends,

                   These are the few points which you might not known about MIT ( Madras Institute of Technology ).

 *  MIT is the first self-financing college opened in India.

 * It is the first college to provide PG courses for Avionics and Mechatronics.

 *  Mr. Rajam ( Founder of MIT ) donated 5 Lakhs to start MIT by selling his home.

 *  Student Organization of MIT are
         # Athenaeum
         # PDA( Personality Development Association )
         # Computer Society of MIT
         #  Rotaract Club of MIT

 *  And this the very special unique characteristic of MIT. T-series ( Technocart- series) Technocart means like a leader or Technical Expert. This basically refers to seniors-juniors relation. Consider this situation. A second year guy studying ECE. His roll number is 2010****78. Similarly a first year guy joining ECE and has given a number like 2011****78. So, correspondingly this guy's T-senior is that second year guy. This is applicable for all the years. Hence, in a T- series normally has 4 guys from all the years.

 *  Alumni of MIT

        Dr. A.P.J. Abdul Kalam ( Former President )
        Writer Sujatha
        Dr. P. Mannar Jawahar ( Ex- VC of Anna University )
        Susi Ganesan ( Director of 5 star, Kanthaswamy etc.,)
        Mr. K.B.Chandrasekar ( Chairman of Exodus Communication, who has donated 1 crore to establish a research center, which is named after him as AU-KBCRC ( Anna University K.B. Chandrasekar Research Center )

*  In 1978, MIT is joined with Anna University(AU) from then AU has four campuses namely,
    MIT  ( Madras Institute of Technology)
    CEG ( College of Engineering Guindy )
    SAP  ( School of Architecture and Planning )
    ACT ( Alagappa College of Technology )
           
                    MIT is located in Chrompet. Rest of the three campuses located in Guindy itself.

 * Anna University is previously named as PAUT ( Perarignar Anna University of Technology )

Did you know ?

Hello friends,

 TIDEL park -->  TIDco ( Tamil Nadu Industrial Development Corporation )  +  ELcot ( Electronics                                                                                    Corporation of Tamil Nadu  )

HP                 --> HP is abbreviated as Hewlett Packard. Hewlett and Packard are the founders                                   of  this company. They tossed a coin to decide, whose name to come first                                                 in the product name. Even they are like us only.;)

Wrigley Gum --> It is the first product to include bar code.




Still more facts coming soon.....

Keep updated with the site..

Abbreviation

Hello friends,

               We feel hard to remember most of the abbreviations. I recommend you to go through these commonly used Abbreviations.




FIFA       --> Federation International Football Association

CCTV     --> Closed Circuit Television

NDTV     --> New Delhi Television

MSN       --> Microsoft Network

BMW      --> Bavarian Motor Works

SD card   --> Secure Digital

GDP        --> Gross Domestic Product

SIPCOT   --> State Industries Promotion Corporation Of Tamil Nadu

ELCOT    --> Electronics Corporation Of Tamil Nadu


Please comment if you came across any commonly used Abbreviations..


Thank you..

Switch Off Smart

Hi friends,

                If you are a person using smart phones, please switch it off while you sleep at night. Because, these smart phones produces a blue light, which gives your brain a false signal to pretend like morning. Hence you awake at an irregular interval.

Hope its useful..

Ltd VS Inc

Hi friends,

               Being in this corporate world, many of us came across these two familiar words.
Even when you ready to start up a new company, you are very much concerned about these two stuffs.What are they ?
               Ltd and Inc.

        Ltd refers to Limited. This term is basically used for a small company, which has limited number of owners. Best example is Larsen and Toubro ( L & T ) limited.

        Inc. refers to Incorporated. From the word itself, we can clearly identify there are a large number of owners. Best example is our daily using social network Facebook ( FB ) Inc.


Hope its useful..