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ICICI Bank launches banking services on Twitter

Any ICICI Bank savings account customer, who has a mobile number registered with the bank and has a Twitter account, can access the facilities of 'icicibankpay' to transfer money, check account balance, last three transactions and recharge prepaid mobile

 

ICICI Bank on Monday launched its banking services on Twitter to allow its customers transfer money to anyone in the country who has a Twitter account, check account balance, view last three transactions and recharge prepaid mobile in a completely secure manner.
 
Rajiv Sabharwal, Executive Director, ICICI Bank said, "With the growing prominence of social media in every-day life, we believe our customers would be delighted to have yet another avenue which allows them to bank while they are on social media. In line with this, we introduced the world's most comprehensive banking facility on Facebook in 2013. Now, 'icicibankpay' will help our customers to execute banking transactions while they are socialising on Twitter."
 
Any ICICI Bank savings account customer, who has a mobile number registered with the bank and has a Twitter account, can access the facilities of 'icicibankpay'. The customer can send money to anyone in India even if the recipient does not have an ICICI Bank savings account. 
 
To register for the service, a customer needs to follow the Bank's Twitter account, @ICICIBank and send a Direct Message (DM) in the format "#reg". As a safety measure, the customer will receive a 'one time password'(OTP) on her registered mobile number, which in turn is required to be sent as a DM from her Twitter account to the Bank's twitter account in the format "#regotp".
 
An illustration of the four easy steps to register for 'icicibankpay': 
1. Follow twitter.com/ICICIBank
2. Send DM: #reg
3. Receive six-digit OTP on registered mobile number
4. Send DM: #regotp
 
Once registered, the customer can transfer funds, check account balance, view last three transactions and recharge prepaid mobile by simply sending a DM from her Twitter account to the Bank's Twitter account.   
 
ICICI Bank customers can send up to Rs5,000 per transaction with a limit of Rs10,000 per day, through Twitter. The online NEFT charges will be applied for these transactions.
 

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President Mukherjee asks government to avoid frequent Ordinances

The President’s views assume significance in the context of the Modi Government promulgating nine Ordinances, after Parliament was paralysed in the winter session

 

President Pranab Mukherjee on Monday asked the ruling and Opposition parties to put their heads together and arrive at a workable solution, apparently to avoid frequent issuing of Ordinances.
 
In comments that have come against the backdrop of a raging debate on a spate of Ordinances promulgated by the Narendra Modi-led government, the President acknowledged that the Constitution provided for promulgation of an Ordinance in extraordinary situations but this route cannot and should not be taken for normal legislation.
 
Addressing faculty and students of central universities and research institutions through video-conferencing, he referred to situations when the ruling party may not have a majority in the Rajya Sabha, but felt a joint session of Parliament to make up for numbers to enact laws “is not practical.”
 
“It is the responsibility of the entire political establishment to put their heads together and work out a workable solution.
 
“The Opposition can oppose, expose and possibly depose, if they have the numbers. But always keep in mind, it is the collective responsibility of the elected members of the House, whether directly elected to the Lok Sabha or through States in the Rajya Sabha...
 
“I ask the political establishment to engage in a dialogue and resolve their differences,” he said in reply to questions on his views on frequent resort to ordinance route by the Executive.
 
The President’s views assume significance in the context of the Modi Government promulgating nine Ordinances, including on opening the insurance sector to higher foreign investment, after Parliament was paralysed in the winter session.
 

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