Studied the objectives,code of bank’s commitment to customers, The micro.small and medium enterprises development act 2006,code of bank’s commitment to MSEs and banking ombudsman
Recurring account is an account where the depositor deposits fixed amount of funds at regular intervals of time. Here is PowerPoint presentation that covers where to open a recurring account, its advantages and eligibility. Read this presentation to know more!
Studied the objectives,code of bank’s commitment to customers, The micro.small and medium enterprises development act 2006,code of bank’s commitment to MSEs and banking ombudsman
Recurring account is an account where the depositor deposits fixed amount of funds at regular intervals of time. Here is PowerPoint presentation that covers where to open a recurring account, its advantages and eligibility. Read this presentation to know more!
,
customer accounts in a bank
,
banking accounts in bangladesh
,
cons of current account
,
procedure to open an account
,
current account
,
pros of savings account
,
pros of fixed deposit
,
recurring deposit
,
fixed deposit
,
cons of fixed comparisondeposits
,
pros of recurring deposit account
Savings account is focused on individuals and puts a limit to the amount of money the depositor can withdraw from the same. Except specified institutions a saving account cannot be opened in the name of a government department. The procedure for opening a saving account is similar to the procedure followed for opening any other type of bank account. In times of calamities however RBI has permitted banks to allow an individual to open a saving account either against electricity bill or any other document of identity or through an introduction from another account holder. When it comes to depositing money in a saving account, a holder cannot deposit third party cheques into the saving account. There is no transaction tax to be paid in case of a saving account. Interest paid to saving account (3.5%) is calculated by taking into account the lowest balance on the 10th and end of the month. An additional 1% interest is payable to retired employees or spouse of a retired employee if the latter is deceased. The operation of saving account is stopped if the customer dies or becomes insane or insolvent. If the customer cannot be traced then the bank will place the balance in an unclaimed deposit account.
Ruloans provide best interest rate comparison of various banks.
We provide serviceslike Personal Loan,Business Loan,Home Loan,Laon Against Property,Credit Card etc
Fixed deposit (FD) is a type of deposit which can be withdrawn only after a pre-defined tenure and attracts a higher interest rate when compared to savings account. The minimum period for placing these deposit is 7 days while the maximum period is 120 months. A recent study indicates that banks are now free to determine the rate of interest to be offered on FDs. Banks may offer deposits on a floating rate, interest shall be paid on quarterly or longer rests and interest is calculated on daily balance. Further, scheduled banks with a total deposit of less than Rs 25 crores are permitted to give an additional ½% interest. When the amount paid to the individual is in excess of Rs 10,000 bank has to deduct tax at source if the depositor has not submitted Form 15H or 15G or certificate u/s197(1) of the Income Tax Act 1961. Banks have the discretion to disallow premature withdrawal of large deposits other than individuals and Hindu Undivided Family (HUF). On maturity if the bank does not receive any intimation from the depositor then such deposits are recorded as overdue deposits in the books of the bank. Banks can grant loans by taking FD as a security. However, there are certain prohibitions to raising Fixed Deposits: banks cannot launch deposits with freebies such as free lunch and trips, for example.
,
customer accounts in a bank
,
banking accounts in bangladesh
,
cons of current account
,
procedure to open an account
,
current account
,
pros of savings account
,
pros of fixed deposit
,
recurring deposit
,
fixed deposit
,
cons of fixed comparisondeposits
,
pros of recurring deposit account
Savings account is focused on individuals and puts a limit to the amount of money the depositor can withdraw from the same. Except specified institutions a saving account cannot be opened in the name of a government department. The procedure for opening a saving account is similar to the procedure followed for opening any other type of bank account. In times of calamities however RBI has permitted banks to allow an individual to open a saving account either against electricity bill or any other document of identity or through an introduction from another account holder. When it comes to depositing money in a saving account, a holder cannot deposit third party cheques into the saving account. There is no transaction tax to be paid in case of a saving account. Interest paid to saving account (3.5%) is calculated by taking into account the lowest balance on the 10th and end of the month. An additional 1% interest is payable to retired employees or spouse of a retired employee if the latter is deceased. The operation of saving account is stopped if the customer dies or becomes insane or insolvent. If the customer cannot be traced then the bank will place the balance in an unclaimed deposit account.
Ruloans provide best interest rate comparison of various banks.
We provide serviceslike Personal Loan,Business Loan,Home Loan,Laon Against Property,Credit Card etc
Fixed deposit (FD) is a type of deposit which can be withdrawn only after a pre-defined tenure and attracts a higher interest rate when compared to savings account. The minimum period for placing these deposit is 7 days while the maximum period is 120 months. A recent study indicates that banks are now free to determine the rate of interest to be offered on FDs. Banks may offer deposits on a floating rate, interest shall be paid on quarterly or longer rests and interest is calculated on daily balance. Further, scheduled banks with a total deposit of less than Rs 25 crores are permitted to give an additional ½% interest. When the amount paid to the individual is in excess of Rs 10,000 bank has to deduct tax at source if the depositor has not submitted Form 15H or 15G or certificate u/s197(1) of the Income Tax Act 1961. Banks have the discretion to disallow premature withdrawal of large deposits other than individuals and Hindu Undivided Family (HUF). On maturity if the bank does not receive any intimation from the depositor then such deposits are recorded as overdue deposits in the books of the bank. Banks can grant loans by taking FD as a security. However, there are certain prohibitions to raising Fixed Deposits: banks cannot launch deposits with freebies such as free lunch and trips, for example.
Open Bank Account Online in Dubai & UAE.pptxProBanking1
PRO Banking offers a range of banking solutions to suit your needs.Choose PRO Banking for Personal Loans,Investments,Insurance and much morePro Banking UAE is an individual bank in the computerized age that assumes a serious part in the public eye with commitment.The computerized age assists us with carrying banking nearer and nearer to our clients and their requirements.As a bank, we base on inclusivity, sensibility, social business, improvement & regular banking to say the least
The comprehensive beginner guide on investing in various financial instruments. You will learn following -
1. Bank Savings, Fixed & Recurring Deposit Account
2. Post Office and Small Savings Schemes
3. Insurance, Pension and other investment options
4. The Rate of returns, Risk involvement and Tax implications on various investment
All the Science Students who want to pursue their career further as a Junior Research Fellow or an Assistant Professor watch this presentation to know about CSIR NET Exam. Also Get solution of your all queries related to csir net exam.
Candidates who are preparing for competitive Exams, Learn the tricks to solve Verbal Reasoning Direction Sense Test. The Concept behind the Directions is same that we use in our day to day life. This Presentation will help you to improve your ability to attend the real time IBPS & SSC Tests.
Number Series: How To Solve Questions with Short TricksEntrance Exam Info
Aspirants who are preparing for competitive Exams, Lear short Tricks to solve Number series problems in just 5 second.
These tricks are really useful for IBPS PO, SSC CGL, Railway Exams & other competitive Exams.
How to find cube roots in just 5 seconds (Specially for Government Exams)Entrance Exam Info
Do you want to find small tricks to solve questions in Government Job Exams. Then Click here & watch this presentation to know How to solve cube roots?
Candidates who want to know about IBPS PO Recruitment 2016, can watch this Presentation. Here You will get the Preparation Tips, Eligibility Criteria, Paper pattern & other details.
Competition level is very high in Exams. All candidates look for a strategy by which they can prepare for all competitive Exams. Watch this Presenatation to know the common trick for IBPS PO, SSC, Railway RRB exams.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
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Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
This article provides a comprehensive guide on how to
effectively manage the convert Accpac to QuickBooks , with a particular focus on utilizing online accounting services to streamline the process.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
3. TYPES OF BANK ACCOUNTS
Bank Accounts are classified into four different types.They are
CurrentAccount Savings Account Recurring
Deposit Account
Fixed Deposit
Account
Regular Savings
Account
Demat Account NRI Accounts
4. 1.WHAT IS CURRENT ACCOUNT?
Current record is primarily for business people, firms, organizations, open undertakings and so on and are never
utilized for the motivation behind speculation or savings.
These stores are the most fluid stores and there are no restrictions for number of exchanges or the measure of
exchanges in multi day.
While, there is no intrigue paid on sum held in the account, banks charges certain administration charges, on
such records.The present records don't have any settled development as these are on ceaseless premise
accounts.
Check more details about : Current Account
5. 2. WHAT IS SAVINGS ACCOUNT?
• Investment account is intended for sparing purposes.Any individual either single or together can open an
investment account.The majority of the salaried people, retired people and understudies use Savings
Account.
• The benefit of having Savings Account is Banks pay enthusiasm for the reserve funds.The sparing record
holder is permitted to pull back cash from the record as furthermore, when required.
• The rate of intrigue extends between 4% to 6% per annum in India.There is no confinement on the number
and sum of stores. Be that as it may, withdrawals are exposed to specific limitations.A few banks prescribe to
keep up a base sum to keep it working.
6. 3.WHAT IS RECURRING DEPOSIT ACCOUNT?
• Repeating store record or RD account is opened by the individuals who need to spare certain measure of cash
frequently for a certain timeframe and win a higher financing cost.
• In RD account a settled sum is saved each month for a determined period and the aggregate sum is
reimbursed with enthusiasm toward the finish of the specific settled period.
• The time of store is least a half year and most extreme ten years.The loan fees change for various plans in
view of the sum one recoveries and the timeframe and furthermore on banks.
• No withdrawals are permitted from the RD account. Be that as it may, the bank may permit to close the
record before the development time frame.
7. 4. WHAT IS FIXED DEPOSIT ACCOUNT?
• In Fixed DepositAccount (otherwise called FD Account), a specific total of cash is saved in a bank for explicit
timeframe. It's one time store and one time remove (pull back) account.The cash stored in this ecord can not
be pulled back before the expiry of period.
• Be that as it may, in the event of need, the contributor can request shutting the settled store rashly by paying
a punishment.The punishment sum shifts with banks.
• A high loan cost is paid on settled stores.The rate of intrigue paid for settled store fluctuate as indicated by
sum, period and furthermore from bank to bank.
8. 5.WHAT IS REGULAR SAVINGS ACCOUNT?
• Any inhabitant singular single records, at least two people in shared services,Associations, clubs and so on.,
are qualified for this record.
• Unassuming credit alternative accessible to the investor.
• Two free check books will be issued every year.
• Web keeping money office will be given with no charge.
• Parity enquiry, NEFT, Bill installment, Mobile revive and so on., are given through cell phones.
• Understudies can open this record with zero equalization by giving the required reports.
9. 6.WHAT IS DEMAT ACCOUNT?
• Used to direct peaceful exchanges on the offers.
• An individual, Non-Resident Indian, Foreign Institutional Investor, Foreign National, Corporate,Trusts,
Clearing Houses, Financial Institution,Clearing Member, Mutual Funds, Banks and Other DepositoryAccount.
• For opening this record, an individual needs to fill a shape, present a photograph of the candidate alongside a
photocopy ofVoter ID/Passport/Aadhar card/Driving License and Demat account number will be given to the
candidate following the finish of preparing of the application.
• Offices gave under this record are-Opening and keeping up of Demat accounts, Dematerialization,
Rematerialization, Purchases, deals, Pledging and Unpledging, safe guardianship.
10. 7.WHAT IS NRI ACCOUNTS?
A. NRO ( Non-Resident Ordinary Rupees) Account
B. NRE ( Non-Resident External Rupees)Account
C. FCNR ( Foreign Currency Non-Resident ) Account
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