Why the Ishan Uday credit failed for 2017-18 Batch? What is R11 - Reason for failure? When will the amount get credited?

Ishan Uday

Ishan Uday credit failed for 2017-18 Batch

Its been almost two years and still the scholarship amount is not credited to the students (2017-18 batch).
 Today ( 02/09/2019) the PFMS showed the transaction failed and the reason given in PFMS is R11.

Why it is showing transaction failed?

According to sources, we came to know that there are some Problems in PFMS.

What is R11?

R11 is a banking term which shows the reason for failed transaction in banks.

When the reason is shown R11 it means we have to contact the bank.

R11 in State Bank of India means -

Drawer's signature illegible

Rumors -

1) The bank server is down so the amount is not credited- Wrong

   Because all the Banks server will not be down at the same time. There are different servers for different banks.

2) The amount will not be credited- Wrong

The amount will be credited some may not get but majority will get the amount.

3) 2017-18 batch procedure is very slow- Wrong

The last batches amount was also credit lately.

4) UGC fund is empty- Wrong

It's a false rumor.

When will the amount get credited?

According to sources , The amount will be credited within a week.