What is NIFT in banking?
NIFT – National Institutional Facilitation Technologies (Pvt) Limited was incorporated in September 1995, as a joint venture between consortium of six major Pakistani banks and Entrepreneurs from the private sector.
What is National Institutional Facilitation Technologies?
About us. NIFT- National Institutional Facilitation Technologies (Pvt.) Limited: NIFT is a joint venture between a consortium of six major banks and private sector. It is responsible for the establishment and management of automated clearinghouse facilities in Pakistan.
What is NIFT program?
National Institute of Fashion Technology is an autonomous institute and offers fashion design , fashion technology and business management courses in UG and PG level. NIFT has a total of 17 campuses across the nation with its headquarters in Delhi.
What is intercity clearing in banking?
Intercity. 1:30 PM. T+1 (Before close of Business hours) *T – means the business day on which the payment instrument is lodged for Clearing. ** Outward clearing instruments which are received within above defined cut-off timelines will be processed on same working day.
What are the types of clearing?
The types of clearing are as follows:
- Outward House Clearing. Outward refers to instruments that are deposited by customers that are drawn on other banks that need to be presented at the clearing.
- Inward House Clearing.
- Return House Clearing.
What is the qualification for NIFT?
Answer: Candidates who have a pass grade certificate of the higher secondary exam conducted by the National Open School with a minimum of five subjects, then they will be eligible to apply for NIFT.
How long it takes for cheque clearance?
For all practical purpose, the cheque clearing between scheduled commercial banks now happens within three working days,” said an official of Indian Bank on anonymity as he is not authorised to talk to media.
What is subject to clearing?
whenever you deposit any cheque for clearing, that bank credit your account in which you have deposited and finally the cheque is sent to that bank of which it belongs. So second bank may clear or bounce. So clearance of your cheque depends on second bank . So you get message “Credits in a/c are subject to clearing.”
Where can I find the NIFT office in Karachi?
National Institutional Facilitation Technologies (Pvt.) Limited5th Floor, AWT Plaza, I.I. Chundrigar Road, Karachi-74200, Pakistan. UAN: +92 21-111-112-222 Email: [email protected] Corporate NIFT eClearing NIFTePAY NIFTeTRUST ISM Projects Supplier Profile/Registration Form Financials Careers Events Terms & Conditions
Where is NIFT office in Sahiwal?
2nd Floor Madni Plaza shop # 557, M.A. Jinnah Road (High Street),Near Hafiz Food Corner,Sahiwal NIFT Branches Directions Sahiwal – Satellite City
Where to find NIFT satellite city in Rawalpindi?
4TH Floor, Plot # 112-B, Malhi Plaza, Murree Road, Rawalpindi Cantt NIFT Branches Directions Rawat – Satellite City Rawat Rawalpindi Satellite Coverage Directions Renala Khurd – Satellite City Renala Khurd Sahiwal Satellite Coverage Directions Risalpur – Satellite City Risalpur Peshawar Satellite Coverage Directions Rohri – Satellite City
Where can I find NIFT Larkana?
Directions Larkana 3rd Floor State Life Building,Quaid-e-Awan Road, Larkana NIFT Branches Directions Liaquatpur – Satellite City Liaquatpur Rahim Yar Khan Satellite Coverage Directions Lilla – Satellite City Lilla Sargodha Satellite Coverage Directions