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Banking FAQs & HowTo Guide
Bank Account Queries, Banking FAQs and How to Guide for financial and banking related queries. Get your banking questions resolved from the experts. Answers and solution to all the Frequently Asked Questions related to Banking & banks.
Diamond Dollar Account – Firms and companies which comply with the eligibility criteria stipulated in the Foreign Trade Policy of the Government of India may open DDA accounts. The salient features of the Scheme are: An entity with a track record of at least 2 years in import / export of diamonds /coloured gemstones / […]
Altman Z Score is used to identify bankruptcy potential of the firms or companies. The Altman score is the output of a credit strength test for determining whether a company, notably in the manufacturing space, is headed for bankruptcy. However, the initial model developed by Altman does not help in predicting bankruptcy of banks. For […]
Latest state wise Stamp Duty Rates along with registration charges in all the states in India. including the commercial properties and rental agreement Stamp duty & registration charges are levied by the State Government on property sale or any execution on mutual agreement between a buyer and seller. The rates of registration and stamp duty […]
Why do Encumbrance Certificate is required while taking a Mortgage based loan from the bank like Home Loan, Mortgage loan or Education loan for abroad study. This is must have document when you apply for home loan or mortgage loan with any banks. The Encumbrance Certificate or EC in short is an assurance about the […]
The Special Drawing Right (SDR) is an interest-bearing international reserve asset created by the IMF in 1969 to supplement other reserve assets of member countries. Special Drawing Right is based on a basket of international currencies comprising the U.S. dollar, Japanese yen, euro, pound sterling and Chinese Renminbi. It is not a currency, nor a […]
Know the various steps for Preferment of the CGTMSE Claim and Invocation of guarantee by Public Sector Banks and Lending Institutions – MSME loans are offered by various banks against the Guarantees by CGTMSE up to Rs 2,00,000,00, two crore for other than trade where the maximum limit for the guarantee coverage is Rs 1,00,000,00 […]
Know the RBI guidelines about Interest Payment on Fixed Deposit Maturing on Holiday – What does RBI say about the interest payment on Term Deposit or Fixed Deposit Matured on Holiday or any non business day ? Will you get the interest for that day from your bank ? let’s understand the RBI guidelines regarding […]
CTS or Cheque Truncation System is the automation of clearing process in the bank for faster payment of Cheques. This is the process of stopping the flow of the physical cheque issued by a drawer at some point by the presenting bank en-route to the paying bank branch. In its place an electronic image of […]
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