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Banking FAQs & HowTo Guide
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 […]
The top court has extended the period of limitation for filing appeals by litigants until further orders due to COVID alarming situation. The Supreme court has also agreed to extend the period of limitation for filing suits. It is observed by the court that resurgence of COVID-19 cases has put the litigants in a difficult […]
Positive Pay System of making payment to high value Cheques in Clearing or The Cheque Truncation System (CTS) – To further augment customer safety in cheque payments and reduce instances of fraud occurring on account of tampering of cheque leaves, it has been decided to introduce a mechanism of Positive Pay for all high value […]
The basic aim of growth funds in equity scheme is to provide capital appreciation over the medium to long- term. Such schemes normally invest a major part of their corpus in equities in stock markets. Being invested in equities such funds have comparatively high risks. These schemes provide different options to the investors like dividend […]
A close-ended fund or scheme has a stipulated maturity period e.g. 5-7 years. The fund is open for subscription only during a specified period at the time of launch of the scheme. Investors can invest in the scheme at the time of the initial public issue and thereafter they can buy or sell the units […]
An open-ended fund or scheme is one that is available for subscription and repurchase on a continuous basis. These schemes do not have a fixed maturity period. Investors can conveniently buy and sell units at Net Asset Value (NAV) related prices which are declared on a daily basis. Mutual funds under open-end schemes can be […]
One may invest any amount in a demat account designated under RGESS, but the benefit under the Scheme can be claimed only on investment up to Rs. 50,000. However, you have the freedom to select the stocks to be kept under lock-in for upto Rs. 50,000 for claiming benefits under RGESS. It may be noted […]
Student eligibility: The student should be an Indian National.Should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test/Merit Based Selection process after completion of HSC(10 plus 2 or equivalent). However, entrance test or selection purely based on marks obtained in qualifying examination may not be the […]
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