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.
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…