Table of Contents
What is the meaning of a nodal officer?
noun. (in India) an official given responsibility for a specific project or task within an organization or institution. ‘district civil surgeons and district health officials have been specially appointed as nodal officers to execute the plan at village levels’
What is nodal partner?
Nodal Partners is a network of experienced investors and operating executives who have worked and invested together over the past 20 years in a number of companies that benefited from the network revolution now underway.
What is the full form of nodal?
Acronym. Definition. NODAL. Network-Oriented Document Abstraction Language.
What is nodal ministry?
Nodal Ministry means the Ministry or Department identified pursuant to the said Order in respect of a particular item of goods or services or works.
What is the qualification of nodal officer?
MBA/Post graduation with minimum of 10 years experience in administration Preferably in health sector. Desirable: Knowledge and experience in Computer Applications. Age Limit: Not more than 55 yrs. For retired Govt.
What is the salary of nodal officer?
Frequently asked questions about a Nodal Officer salaries The highest salary for a Nodal Officer in India is ₹74,759 per month. The lowest salary for a Nodal Officer in India is ₹6,514 per month.
Is nodal account mandatory?
According to the Reserve Bank of India (RBI) guidelines, nodal accounts are mandatory for e-commerce websites. An online seller receiving money on behalf of the actual merchant must credit the same in these accounts.
What is nodal payment?
Nodal account is a special bank account required to be opened by businesses (intermediaries) holding money on behalf of vendors and customers. These include a marketplace, payment gateway providers, aggregators, etc., that connect consumers to the vendors and hold money on their behalf.
What does nodal mean in English?
nidaladjective. Of the uterus, exhibiting thickening before implantation of an ovum.
Who is nodal officer at district level?
The collector is the primary or nodal officer at the district level and has overall responsibility for planning, implementation . Collector is the nodal officer at district level.
How does a nodal account work?
Nodal account is a special bank account required to be opened by businesses (intermediaries) holding money on behalf of vendors and customers. A nodal account ensures that money does not legally belong to the intermediary, at any point in time. These intermediaries hold a certain commission.
What is the use of nodal account?
As per RBI mandate, the intermediaries receiving online payments need to collect the money in a Nodal account, payments to the seller happens from this account without delay. Nodal account is a special purpose account created for receiving monies from participating banks and remitting to specific merchants.