as a trustee is different from that of a debtor to the customer. When a bank receives a cheque from the customer for collection from another bank‚ the bank becomes a trustee till the amount of cheque is realised. Once‚ the amount is credited to the customer’s account‚ the banker assumes the position of a debtor. 5. Principal-Agent Relationship: Banks perform many agency functions such as collection of cheques or drafts or bills‚ collection of interest and dividends on securities‚
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CHAPTER -01 Introduction Chapter Contents 1.1 Background of the Report 1.2 Significance of the Study 1.3 Problem definition 1.4 Objective of the Study 1.5 Scope of the Report 1.6 Literature review 1.7 Methodology 1.8 Tools used for Analysis 1.9 Limitation of the Study CHAPTER -01 Introduction 1.1 Background of the Report In the age of modern civilization bank is playing a significant role to keep the economic development wheel moving. The corporation
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preferential basis & Range of value added benefits. CORPORATE SALARY PACKAGE PRODUCT: FEATURES OF CUSTOMER SALARY PACKAGE: No service charges for non-maintenance of minimum balance. Cheque books: Free for all variants Multi City Cheques (payable AT par cheques): Unlimited Free Maximum amount per cheque Rs.10 Lakhs Internet Banking: Free internet banking which permits utility bill payments/fund transfer etc. Restrictions in Transaction at the Branch: NIL Free Demand Drafts: Depending
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ec NTL Version 12/2012 A P P LI CA T I ON F OR N O T I M E LI M I T ( N T L ) A N D A BI OMETRI C I M M I G RAT ION D OC U ME N T BY SOME O NE W HO AL R EA D Y H A S I NDE F I NI T E L EA VE TO EN T E R O R RE M AIN IN T H E U K In accordance with paragraph 34 of the Immigration Rules‚ this form is specified for the purpose of the Immigration Rules as of 13 December 2012 and must be used for all applications made on or after that date for the purpose stated on this page. You also need the separate
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advancing to others for expenditure.” According to Banking Companies Ordinance 1962: “Banking means the accepting for the purpose of lending or investing of deposits of money from the public repayable in demand or otherwise and withdraw-able by cheque‚ draft order or otherwise.” Various economists have different views about the role of commercial banks in economic development. Schumpeter says‚ “It is the banking system which serves as a key agent along with the entrepreneur in the process of
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Investor will get @12 % of invested amount every month for 15 months. (ii) QUARTERLY : Investor will get monthly @14% of invested amount. 5 Post Dated Cheques will be issued at the time of investment. 1 Cheque can be en-cashed every quarter. (iii) HALF YEARLY : Investor will get monthly @16% of invested amount. 3 Post Dated Cheques will be issued. (1st. Chq. can be en-cashed on 6th.
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provision of goods‚ services or both‚ or to fulfill a legal obligation. The simplest and oldest form of payment is barter‚ the exchange of one good or service for another. In the modern world‚ common means of payment by an individual include money‚ cheque‚ debit‚ credit‚ or bank transfer‚ and in trade such payments are frequently preceded by an invoice or result in a receipt. However‚ there are no arbitrary limits on the form a payment can take and thus in complex transactions between businesses‚ payments
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CHAPTER –6 Credit creation by commercial Bank Demand deposits as money Bank deposits are two types. 1. Demand Deposit 2. Time deposit The demand deposits on which cheques are issued are also called as cash deposits or current deposits. D.D are therefore‚ almost as good as cash money the depositor can convert a part or the whole of the current account in currency notes at any time. According to T.T Sethi “A demand deposit is the obligation of a bank to pay a certain sum of money to a specified
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CONTENTS BIL. | CONTENTS | PAGE | 1. | Contents | 1 | 2. | Introduction | 2 | 3. | Al-Wadiah ( Trusteeship) | 2 | 4. | Definition of Al-Wadiah | 2 | 5. | 1) Al-Wadiah Saving Account : | 2 | | Features | 2 | | Benefits | 3 | | Target Customers | 3 | | How to applt / Documents Required | 3 | 6. | 2) Al-Wadiah Current Account : | 4 | | Features | 4 | | Benefits | 4 | | Target Customers | 4 | | How to apply / Documents Required | 5 | 7. | Al-Mudharabah (trustee
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I Prepared For: MD. Shibli Shahriar Assistant Professor Faculty of Business and Economics Daffodil International University Prepared By: K a z i M d . M o n ir u l I s la m ID : 052-11 -907 Program: BBA Date of Submission: DAFFODIL INTERNATIONAL UNIVERSITY Dhanmondi‚ Dhaka II Letter of submission Date: July 26. 2007 MD. Shibli Shahriar Assistant Professor Intern Supervisor‚ Dept. of Business & Economic Daffodil International University. Subject: Prayer for acceptance
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