Currency Converter- Exchange Rates-Exchange Rates For long time I am searching the plugins of the currncey converter plugins but I do not find. Today I have got the plugins in a website https://bankstudy4u.com. And I have to go through the right side of the page and I click the + and I went to another […]
Read moreCategory: General Banking Department
General Banking Department
General Banking consists of the management of deposit, cash, clearinghouse, bills, account opening, security instruments handling, customer services, locker facilities and other ancillary services of the bank beside Advance and Foreign Trade.

AOF-KYC-TP- Risk Rating in Account Opening
AOF-KYC-TP- Risk Rating in Account Opening AOF-KYC-TP-Risk Rating in Account Opening, Entries of A/C Account Opening and Closing Register Compiled by: Muhammad Hossain Akhter AVP and FM Generally banking is the business activities of accepting and safeguarding money owned by other individuals and entities, and then invest this money in […]
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Importance of cash management in Bank
Importance of cash management in Bank Importance of cash management in Bank: Cash is a very important and sensitive item for day-to-day transaction of the Branches. Internal check, supervision and monitoring at different stages of cash handling is extremely necessary to avoid the incidents of thefts, fraud, forgeries, embezzlement and […]
Read moreHOLDER IN DUE COURSE AND PAYMENT IN DUE COURSE
HOLDER IN DUE COURSE AND PAYMENT IN DUE COURSE HOLDER IN DUE COURSE AND PAYMENT IN DUE COURSE: A negotiable instrument is transferable from person to person. The Negotiable Instrument Act confers upon the person, who acquired it bona fide and for value, the right to possess good title to […]
Read moreHow to open Current Account of a Private Limited Company
How to open Current Account of a Private Limited Company Current Account of a Private Limited Company: A Company is an association of a number of persons formed for some common purposes and registered under the provision of the Companies Act 1994 Company does not dissolve by death, insolvency, or […]
Read moreHow to open Current Account of a Partnership Firm
How to open Current Account of a Partnership Firm The account of Partnership Firm: As per Partnership Act, 1932 “PARTNERSH1P’’ is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all. Persons who have entered into the partnership with […]
Read moreSpecial types of Bank’s Customers-Minor or Infant, Lunatics, Drunkard or Intoxicated Person, Married Woman, Illiterate Person, Trustees, Executors, and Administrators.
Special types of Bank’s Customers-Minor or Infant, Lunatics, Drunkard or Intoxicated Person, Married Woman, Illiterate Person, Trustees, Executors, and Administrators. Every person who is competent to contract can open an account with a bank provided the bank is satisfied regarding his bonafides and is willing to enter into necessary business […]
Read moreSpecial types of Bank’s Customers-Minor or Infant, Lunatics, Drunkard or Intoxicated Person, Married Woman, Illiterate Person, Trustees, Executors and Administrators
Special types of Bank’s Customers-Minor or Infant, Lunatics, Drunkard or Intoxicated Person, Married Woman, Illiterate Person, Trustees, Executors and Administrators. Every person who is competent to contract can open an account with a bank provided the bank is satisfied regarding his bonafides and is willing to enter into necessary business […]
Read moreKNOW YOUR CUSTOMER (KYC)
KNOW YOUR CUSTOMER (KYC) KNOW YOUR CUSTOMER (KYC): The adoption of effective Know Your Customer (KYC) program is an essential part of financial institutions’ risk management policies. Having sufficiently verified/corrected information about customers ―Knowing Your Customer (KYC) – is the most effective defense against being used to launder the proceeds […]
Read moreWhat is the definition of Recurring deposit
What is the definition of Recurring deposit Recurring deposit From Wikipedia. the free encyclopedia Recurring Deposit is a special kind of Term Deposit offered by banks in India which help people with regular incomes to deposit a fixed amount every month into their Recurring Deposit account and earn interest […]
Read moreThe Salient Features of a Cheque
The Salient Features of a Cheque Cheque A cheque is a document of great importance in the business world. It can be passed from one hand to another easily and so it has become a popular mode of payment. A cheque is the most economical and safe method of money […]
Read moreHow to Endorsement
How to Endorsement How to Endorsement A negotiable instrument may be transferred by negotiation or assignment. Negotiation can be effected by mere delivery if the instrument is a bearer one and by endorsement and delivery in case it is an order instrument. An order instrument means instrument payable to a […]
Read moreWhat Precautions to honor Cheque
What Precautions to honor Cheque What Precautions to honor Cheque The relation between a banker and his customer is that of a debtor and creditor. Money deposited with a banker is always belongs to the customer and the bank obliged to return its equivalent to the customer or to any […]
Read moreWhat is Dispatch
What is Dispatch What is Dispatch: Definitions Dispatch as verb (transitive): 1. to send off promptly, as to a destination or to perform a task 2. to discharge or complete (a task, duty, etc) promptly 3. (informal) to eat up quickly 4. to murder or execute Dispatch as noun […]
Read moreSteps to open a Bank Account
Steps to open a Bank Account At present Banks have emerged as essential financial institutions. Banks make available a safe environment and help us manage our financial transactions. To gain professional banking service it is compulsory for every individual to open a bank account. Opening a bank account is not […]
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