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Wednesday, 26 March 2014
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Bank Career Hierarchy
PROBATION- Probationary Officer. SCALE 1- Assistant Manager. SCALE 2- Manager. SCALE 3- Senior Manager. SCALE 4- ...
BITCOIN
Bitcoin is a form of virtual currency. If you have bitcoins, you do not physically purchase goods by handling notes or tokens to the selle...
Features of CTS-2010 Standard Cheque(CTS- Cheque Truncation System)
Features of CTS-2010 Standard Cheque Branch address with IFSC code printed top of the cheque. Date in dd/mm/yyyy format with b...
Commodity Markets
Markets where raw or primary products are exchanged. These items are traded on regulated commodities exchanges in which they are bought...
Loan Against Property
Loan Against Property popularly known as Mortgage Loan is popular amongst businessmen as it is a good alternative to personal loan. P...
Details in a Withdrawal Slip.
Same as that of a deposit slip except the their is no denomination and counterfoil. Also it is necessary that the account holder must s...
Micro ATM's
RBI has allowed banks to engage intermediaries , i.e. Business Correspondents (BC) to carry out specified financial transactions th...
Pledge, Hypothecation, Mortgage
Pledge Hypothecation Mortgage Type of Security Movable Movable Immovable Possessi...
BASE RATE
The Base Rate is the minimum interest rate of a bank below which it cannot lend , except in cases allowed by RBI. The Base Rate system ha...
Housing Loan
Purpose Of Loan a) To purchase/construct house/flat on ownership basis. Includes purchase of already constructed flat/house which has ...
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