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Bank Account Queries

Revised Performance Linked Incentive Calculator for Public Sector Banks

Revised Performance Linked Incentive Calculator for Public Sector Banks - The Finance Ministry has unveiled a performance-linked incentive (PLI) scheme for the...

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Banking

What is Commercial Paper ?

Commercial Papers : A Commercial Paper is a short term security (7 days to 365 days) issued by a corporate entity (other than a bank), at a discount to the face value. b) Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note. c) Commercial Paper normally give a higher return than fixed deposits & CDs. d) Commercial Paper can be issued in denominations of Rs. 5 lakh or multiples thereof. Amount invested by a single investor should...

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Banking

What is Money Market ?

Money Market refers to the market for short-term requirement and deployment of funds. Money market instruments are those instruments, which have a maturity period of less than one year. The most active part of the money market is the market for overnight call and term money between banks and institutions and repo transactions. It is regulated by RBI. Money Market can be further divided into 3 parts. These are: a) Call Money b) Term Money c) Notice Money Call Money - The market to get funds...

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Banking

What is Banking Ombudsman Scheme 2006 ?

Banking Ombudsman Scheme 2006 - The guidelines which are needed to be followed as per Banking Ombudsman. Customer must know the basic of Banking Ombudsman steps. Follow the major guidelines of Banking Ombudsman 1) The Banking Ombudsman Scheme enables a bank customer for filing of complaints relating to certain services rendered by banks. 2) The Banking Ombudsman is a senior official appointed by the Reserve Bank of India to redress customer complaints against deficiency in certain banking services. 3) All Scheduled Commercial Banks, Regional Rural Banks and Scheduled...

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Careers & Jobs

IBPS PO 2014 Exam Cutoff Discussion

IBPS PO 2014 Exam Cutoff Discussion - IBPS 2014 conducted for recruitment of Probationary Officers and Management Trainee in various Nationalized banks in India through written exam under Online Mode. IBPS PO 2014 CWE exam are conducted on different date under online mode and the Common Written Exam was started from 11-10-2014 in different session i.e. Morning and Evening Session. After reviewing the exam paper of 11th October 2014 of both the shift it is believed that the over question...

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