Deposits are a key source of low-cost funds for banks and are profitable as banks can lend these funds and earn a higher return. There are various types of deposits including demand deposits like savings and current accounts, term deposits for fixed periods, and non-resident accounts for NRIs. Banks offer benefits to customers like a safe place to park funds, earning interest, and payment/withdrawal abilities. Joint accounts and nominations are also discussed.
,
modes of charging
,
modes of charging security
,
different modes of creating charge
,
essentials of pledge
,
documents required for pledge
,
liquid asset
,
different forms of liquid assets
,
supplies of liquid assets
,
demand of assets
A powerful presentation on non performing assets which very much influencial when presented before others. Being a law student, I myself created the presentation and presented before the elite authorities which impressed them to a larger extent.
,
modes of charging
,
modes of charging security
,
different modes of creating charge
,
essentials of pledge
,
documents required for pledge
,
liquid asset
,
different forms of liquid assets
,
supplies of liquid assets
,
demand of assets
A powerful presentation on non performing assets which very much influencial when presented before others. Being a law student, I myself created the presentation and presented before the elite authorities which impressed them to a larger extent.
elationship between banker and customer
,
definition of a banker and customer
,
definition of banking
,
general relationship between banker and customer
,
relationship as debtor and creditor
,
special relationship: banker as trustee
,
pawner and pawnee
,
bailer and bailment relationship
,
mortgager and mortgagee relationship
,
executer
,
attorney
,
guarantor
,
duties of a customer
,
rights and duties of the banker towards the custom
,
rights of a banker
,
garnishee order
Click on the link to watch full video on youtube
https://youtu.be/-rMBOD618W0
Money market is component of financial system where money or its equivalent assets can be traded. Money here represents liquidity.
It is place where public, large corporates and government manage their short term cash needs.
Short term borrowing and lending is done by financial institutions and dealers with liquid instruments having short term maturities (fortnight to one year).
Thus, money market is a market where short term obligations such as treasury bills, commercial papers and bankers acceptances are bought and sold.
FEATURES OF MONEY MARKET
It is a market purely for short-term funds having a maturity period less than one year only.
Transactions have to be conducted without the help of brokers.
It comprises of several sub-market like call money market, acceptance bill market, treasury bill market etc.
The players in the money market include commercial banks, government, corporates and NBFC (Non-Banking Financial Companies).
Transactions take place through phone i.e., oral communication. Relevant documents and written communications can be exchanged subsequently. There is no formal place like stock exchange as in the case of a capital market.
It is a legislation in India that regulates all banking firms in India. it came into force from 16 March 1949 and changed to Banking Regulation Act 1949 from 1 March 1966. It is applicable in jammu and Kashmir from 1956.
Enacted: 10 March 1949
Enacted by: Parliament of India
Territorial extent: Whole of India
elationship between banker and customer
,
definition of a banker and customer
,
definition of banking
,
general relationship between banker and customer
,
relationship as debtor and creditor
,
special relationship: banker as trustee
,
pawner and pawnee
,
bailer and bailment relationship
,
mortgager and mortgagee relationship
,
executer
,
attorney
,
guarantor
,
duties of a customer
,
rights and duties of the banker towards the custom
,
rights of a banker
,
garnishee order
Click on the link to watch full video on youtube
https://youtu.be/-rMBOD618W0
Money market is component of financial system where money or its equivalent assets can be traded. Money here represents liquidity.
It is place where public, large corporates and government manage their short term cash needs.
Short term borrowing and lending is done by financial institutions and dealers with liquid instruments having short term maturities (fortnight to one year).
Thus, money market is a market where short term obligations such as treasury bills, commercial papers and bankers acceptances are bought and sold.
FEATURES OF MONEY MARKET
It is a market purely for short-term funds having a maturity period less than one year only.
Transactions have to be conducted without the help of brokers.
It comprises of several sub-market like call money market, acceptance bill market, treasury bill market etc.
The players in the money market include commercial banks, government, corporates and NBFC (Non-Banking Financial Companies).
Transactions take place through phone i.e., oral communication. Relevant documents and written communications can be exchanged subsequently. There is no formal place like stock exchange as in the case of a capital market.
It is a legislation in India that regulates all banking firms in India. it came into force from 16 March 1949 and changed to Banking Regulation Act 1949 from 1 March 1966. It is applicable in jammu and Kashmir from 1956.
Enacted: 10 March 1949
Enacted by: Parliament of India
Territorial extent: Whole of India
El Dr. Eduardo Ramírez presenta el evento Innovation Match Mx, una iniciativa diseñada para el levantamiento de fondos de proyectos que así lo requieran.
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.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
2. What is Deposit ?
Deposits are key source for low cost funds for banks.
Deposits are profitable for banks, as they lends these funds
and earn a higher return.
3. Benefits of Deposits for Customers
A safe avenue to park surplus funds.
Earn a return on surplus funds.
Receive payments from others, and make payments to
others.
4. KINDS OF DEPOSITS
Demand Deposits
Term Deposits
Hybrid Deposits/ Flexi Deposits
Non – Resident Accounts
5. Demand Deposits
These are placed or deposited generally for a short period
of time.
Customers can get back these deposits, whenever they
demand.
Two Types of demand deposit accounts are there :
a. ) Savings account deposits..
b.) Current account deposits.
6. A.) Savings Account Deposits
Normal bank accounts can be maintained by individual, HUF,
everyone who is a major, in the case of minor it can be maintained by
guardian or Karta, Clubs, Associations & trusts also can maintain.
Bank insist these on a minimum balance, which can be higher if
holder wants a cheque book.
Minimum balance requirement tends to be lowest in case of co-
operative banks, followed by public, private and foreign banks
respectively.
Limits on number of withdrawals for every months/ quarters, which
can be done by paying extra penalty.
No overdraft facility.
Traditionally banks paid an interest on the lowest balance between
the 10th and end of the month.
7. But since April 1, 2010, scheduled commercial banks have
been directed to pay interest on the daily balance.
Interest is paid on a half-yearly basis , every September
and March.
8. B.) Current Accounts Deposit
Maintained by businesses for their banking needs.
Can be opened by sole proprietorship, partnership firm,
private limited companies & public ltd. companies.
Current account comes with a cheque book facility.
There are no restrictions on the number of withdrawals.
Banks may provide an overdraft facility.
No interest is their.
It is prudent to leave enough funds in current account to
meet day-to-day business needs, and transfer the rest to
term deposits.
9. CASA
It is a term which is used to denote the current account and
savings account.
Banks and branch may usually have a CASA promotion
week, which means extra efforts would be there to open
new current and savings account.
10. TERM DEPOSITS
These are maintained by fixed term.
Time period can be anything from 7 days to 10 years.
Not an operating bank account.
Interest rate is higher.
If investor needs money earlier, would bear a penalty, and will
earn 1 % less, than the rate applicable for the deposit time.
Banks may also offer a facility of loan against fixed deposit.
It is an alternative to premature withdrawal.
It is normal to offer 0.50% extra interest rate to senior citizens.
Special terms are made by doing special workings for the
deposits above 1 crore.
11. It can also be structured as recurring.
Investor would invest a constant amount every month/
quarter, for anything from 12 months to 10 years.
Its benefit is that the interest rate is frozen at the time of
opening of account.
If FD’s rate go down, interest on RD will be earned as per
commitment.
Interest rate in a recurring deposit may be marginally
lower than the rate in a non-recurring term deposit for the
same time period.
12. Hybrid/ Flexi Deposits
Value added facility offered by some banks.
A swept facility is offered in CASA accounts.
Benefits for depositors :
a. ) Superior interest earnings
b.) Less paperwork
c.) Sweep out from interest earning account term deposit
account does not attract premature withdrawal charge.
Unlike in a normal deposit account, interest rate is liable to be
changed by the bank at any time.
13. Non-Resident Accounts
Can be opened by NRIs and Overseas corporate bodies
with any bank in India that has an authorized dealer
license.
Types :
a. ) Foreign Currency Non-Resident Account (FCNR)
b.) Non-resident External Rupee Account (NRE)
c.) Non-Resident Ordinary Account (NRO)
14. Foreign Currency Non-Resident
Account
Maintained in the form of FD for 1 year to 3 years.
Account is designated for the currencies (Pounds, Sterling, US
Dollars, Japanese Yen and Euro).
Account holder does not incur any exchange losses.
Depositor will have to bring in money into the account through
a remittance from abroad or through a transfer from another
FCNR/NRE account.
If the money is not in designated currency, then he will have to
bear the cost of conversion into the designated currency.
On maturity, he can freely repatriate the principal and interest.
Interest earned on these deposits are exempted from tax in
India.
15. Non-resident External Rupee
Account
As in the case of FCNR
a.) The money has to come through a remittance from abroad, or a
transfer from another FCNR / NRE account.
b.) The principal and interest are freely re patriable.
c.) Interest earned is exempt from tax in India.
Differences are :
a.) It can be operated with a cheque, as in the case of any savings
bank account.
b.) It is maintained in rupees. Therefore, a depositor bringing money
in another currency will have to first convert them into rupees; and
then re-convert them to the currency in which he wants to take the
money out.
c.) If during the deposit period, the rupee becomes weaker, then that
loss is to the account of the depositor.
16. Non-Resident Ordinary Account
As with a NRE account,
a.) It can be operated with a cheque, as in the case of any savings
bank account.
b.) It is maintained in rupees with the resulting implications in terms
of currency conversion losses for the depositor.
Difference :
a.) The money can come from local sources – not necessarily a
foreign remittance or FCNR / NRE account.
b.) The principal amount is not re partible, though the interest can be
repatriated.
c.) The bank will deduct tax at source, on the interest earned in the
deposit.
d.) A non-resident can open an NRO account jointly with a resident.
17. Joint Accounts
Two or more individuals may open a joint account.
Joint signatures are required of every one for withdrawal or any
other transaction.
Either or Survivor – Either of them can operate the account
individually. After the demise of one, the other can operate it as
survivor. This is the normal option selected by families.
Former or Survivor – The first person mentioned as account-
holder will operate it during his / her lifetime. Thereafter, the
other can operate. This option is often selected by a parent
while opening an account with the son / daughter.
18. Latter or Survivor - The second person mentioned as
account-holder will operate it during his / her lifetime.
Thereafter, the other can operate.
While opening the account, the operating option needs to
be clearly specified.
19. Nomination
Bank form always have an option to select nominee,
which is used in the case of demise of the account holder,
bank will pay the deposited amount to nominee, without
any legal formality.
20. Salient provisions regarding
nominations
It is available for every kind of bank account.
Nomination can be made only in respect of a deposit
which is held in the individual capacity of the depositor
and not in any representative capacity such as the holder
of an office like Director of a Company, Secretary of an
Association, partner of a firm and Karta of an HUF.
In the case of a deposit made in the name of a minor,
nomination shall be made by a person lawfully entitled to
act on behalf of the minor.
Nomination can be made in favour of one person only.
21. Nomination favouring the minor is permitted on the condition
that the account holder, while making the nomination, appoints
another individual not being a minor, to receive the amount of
the deposit on behalf of the nominee in the event of the death
of the depositor during the minority of the nominee.
Cancellation of, or variation in, the nomination can be made at
any time as long as the account is in force. While making
nomination, cancellation or variation, witness is required and
the request should be signed by all account holders.
When the nominee makes a claim to the bank account, two
documents are normally asked for:
o Proof of death of depositor
o Identity proof of nominee
Payment to nominee only releases the bank from its obligation
on the account. The nominee would receive the money, in trust,
for the benefit of the heirs. The legal heirs of the deceased
person can claim their share of the deposit proceeds from the
nominee.
22. Closure of Deposit Account
Account-holder can request closure of the account, and give
instructions on how the balance in the deposit should be settled.
On the death, account would be closed and balance will be paid
to the nominee, if no nominee is their, bank would pay whole
amount.
On receipt of notice of insanity or insolvency of the sole
account holder, the bank will stop operations in the account.
On receipt of notice of assignment of the bank account, the
bank would pay the amount lying in the account to the
assignee.
On receipt of a court order or garnishee order from Income Tax
authorities, the bank would stop the transactions in the bank
account during the pendency of the order.
23. Deposit Insurance
Deposit Insurance and Credit Guarantee Corporation
(DICGC) was set up by RBI with the intention of insuring
the deposits of individuals.
24. All commercial banks, including branches of foreign banks
operating in India, and Regional Rural Banks.
Eligible co-operative banks.
The insurance scheme covers savings account, current account,
term deposits and recurring accounts. However, the following
deposits are not covered by the scheme:
• Deposit of Central / State Government
• Deposit of foreign governments
• Inter-bank deposits
• Deposits received outside India.
In order for depositors in a bank to benefit from the insurance
scheme, the bank should have paid DICGC the specified
insurance premium (10 paise per annum per Rs. 100 of
deposit).
25. Under the Scheme, in the event of liquidation,
reconstruction or amalgamation of an insured bank, every
depositor of that bank is entitled to repayment of the
deposits held by him in the same right and same capacity
in all branches of that bank up to an aggregate monetary
ceiling of Rs. 1,00,000/- (Rupees one lakh). Both principal
and interest are covered, up to the prescribed ceiling.
26. Few points to note :
Suppose Mr. X has one account in his individual capacity,
another account jointly with wife, a third account jointly with
wife and son/daughter, and a fourth account as partner of a
firm. Each of these would be treated as being in a different
right and capacity. Therefore, for each of these accounts,
insurance cover of Rs. 1,00,000 is available i.e. the insurance
cover could go up to Rs. 4,00,000
Since the monetary ceiling is applicable for all branches of a
bank put together, splitting the deposit between different
branches of the same bank does not help.
If Mr. X maintains an account in his individual capacity in
different banks (not different branches of the same bank), then
insurance cover of Rs. 1,00,000 will be available in each such
bank.