Mechanisation and Computerisation Sample Clauses

Mechanisation and Computerisation. In modification of Clauses 6.1 and 6.3 of Chapter VI of the Settlement dated 19th October 1966, between IBA and AIBEA and AIBEF and in amplification of, but without prejudice to any understanding/agreement/settlement in the banks listed in Schedule I hereto, parties agree as under: (I) Accounting Machines electric/electronic, other than computers, may be utilised in banks for the following purposes (a) Current accounts, (b) Savings bank accounts, (c) Other deposit accounts, (d) General ledger accounts, (e) Cash credit and loan accounts, (f) Salary and pay roll. No accounting machines will be used at rural branches and no electronic machines with memory will be installed at semi-urban centres except as provided for below : (i) At rural and semi-urban branches, machines may be used for the limited purpose of management information system including general ledger accounts. (ii) At rural and semi-urban branches where the total clerical strength exceeds 15, machines may be used for the purposes listed in (I) above. (II) Computers including mini-computers may be utilised in banks for the following purposes : (a) Clearing operations in Area I centres, (b) Reconciliation of inter-branch/agency/government accounts/travellers cheque transactions/ credit cards, (c) Transfer/remittance of funds through improved systems, (d) Foreign exchange transactions, (e) Management of investments,