CIPS for e-Payments

CIPS  for e-Payments

 

üFull form – CIPS – Centralized Integrated Payment System

 

üNew system for arranging e-Payments in Indian Railways

 

üPriority area for system improvement to ensure online payments without manual intervention.

 

üPartner is SBI – State Bank of India

 

üCoordination  by Northern Railway

 

üImplemented by CRIS – Centre for Railway Information Systems

 

üPilot project of CIPS –COFMOW  in April, 2019. Rolled out in Indian Railways from September, 2019.  

 

üMandating SBI – State Bank of India to credit various accounts (payments) on behalf of Indian Railways  

 

üCIPS integrated with IPAS – Integrated Payroll and Accounting System

 

üEach Zonal Railway may register nominated cheque signing officials in IPAS

 

üThen Public key of the signatories can be shared to Bank in advance

 

üRequire authorized signatories to have digital token and they should be registered with IPAS.

 

üEnables seamless payments to outsiders in Indian Railways without manual intervention.

Material for MCQ – Multiple Choice Questions for CIPS

1. CIPS – Centralized Integrated Payment System

2.Partner  – SBI

3.Implemented by CRIS

4.Nodal Railway  – Northern Railway

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