Types of Indian Railway Trains

September 26, 2016

The first train in Indian Railway runs between Mumbai to Thane in 1853. It is a western coastal of Maharashtra. Technology development is the result of current Indian Railway trains. Thousands of local passenger trains and daily express are runs today. Based on the train route railway department has fix these trains average speed and halts.
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The following are the different train types:
Passenger Trains: The Passenger trains are also available in slow and fast trains. It runs between important and small distanced cities. Slow Passenger train stops at each station in that route.
Suburban Locals: It only runs in few big cities like Chennai, Kolkata, and Chennai. This train also classified into fast and slow locals. Fast local halt only on important station in that route and slow locals halt on every station.
Metro Train: The latest technologies and facilities implemented in these trains. This train only runs in few metro cities like Chennai, Mumbai, Kolkata and Delhi. The government had a plan to expand this train at other metro cities.
Express and super-fast express: These trains are faster when compared to above mentioned trains. It runs across long distance and you can reserve tickets in that train. Here you can check PNR status to know the ticket status.
Garib Rath: This train has AC 3 tier coaches and low in price when compared to other AC trains.
Duranto Express: This train recently started by Indian Railway and it is from source to destination. That is it does not stop at any station.

Importance of IFSC code While Transferring Funds

September 13, 2016

Technology has made a significant impact in digital banking. Now it is possible to transfer amount with a minute from one account to another at just a single click of a button. Indian government is further encouraging companies in all the sectors to go digital. The IFSC code plays an important role here. It helps banks in understanding the bank branch to which the money has to be transferred. All branches have different IFSC code. One can just search for State bank of India IFSC code to get the details of SBI branch is wanted. IFSC stands for Indian financial system code.

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For a layman, things are made easy to do online transactions. It saves a lot of manual tasks, saves money and time. Also for banking it is important to keep the records clean and well maintained which is possible only through technology. So IFSC code helps the RBI in knowing the transactions carried out in that particular branch.

So how online transactions done and what is the significance of IFSC code?

IFSC code is not only important for online but also for offline transaction. RBI has made it mandatory for all the banks to write IFSC code at the bottom of the cheque. While doing online transfer also, one has to specify IFSC code without which funds cannot be transferred. For example if one is transferring money in payee’s account who holds account in Axis Bank then there is Axis bank IFSC code of the particular branch which he/she has to enter.

After entering the IFSC code, other details like the account number and amount has to be entered. If by mistake a wrong IFSC code is entered then the transaction is not successful. As all the branches of bank have unique IFSC code.

IFSC code is a 11 digit alpha numeric number. The first 4 letters signify the bank name. Last digit signify the bank branch. All kinds of transactions whether it is RTGS, NEFT or IMPS require an IFSC code. With so many transaction carried out every day, it is difficult to keep a track of all the banking activities which are carried out. So it becomes important that banks get accurate signals regarding receiving and sending money from one account to other. This is possible only through IFSC code.

More systems will get into place as India moves towards its ‘Digital India’ plan. IFSC code and similar other codes will be introduced to ensure safe banking. There are different websites through which one get to know the IFSC code if it’s not known. Even the RBI website displays information of all the IFSC codes of bank branches. You can also call the customer care of the bank to know the IFSC code.

Thus IFSC code plays a significant role in making the financial system robust and strong. Without it there can be a lot of confusion and errors which can be created by banks in carrying out the transaction. IFSC code has helped in automating things and made it simple for normal people to carry out banking transaction smoothly.

Leray: The Two-wheel Wonder

September 8, 2016

I always believe time stands still for people who are naturals at making an entry with their skate boards or devices like the self balancing scooter. It is such a thing of the future! Seeing the fluid motion at which a person travels almost feels like they are being teleported by a bizarre yet spectacular space device. Sure, these devices are more common now but the theory of it simply started perhaps with a segway, or a very advanced technology driven skate board. There are many best self balancing scooter brands are available in market. If I have to opine, this scooter is a marvelous creation, a thrilling ride and has the added advantage of convenience.

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The Leray

The Defining Features and Specs

Pros of having a Leray

Clearly this product is off to satisfy customers given that its awesome features and specs are a sure-shot showstopper. Nevertheless, a little reassurance never did any harm, but does add knowledge.

A Few Drawbacks

This device for me is a dream to breeze through roads, shopping malls and as a child be given the freedom of having a cool pair of wheels. The Leray is easy to learn and after mastering the knack of altering speeds and knowing when to add pressure on, turns it a smooth sailor. Yes, the competitive pricing and a few setbacks are very minimal compared to the fact that it has one of the most intelligent cohesive systems. Safety is heightened and parents like me can be more secure in its purchase. Read self balancing scooter reviews before purchasing it. Indeed, Leray is a design genius!