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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The report focuses on the import and export business of National Commerce and Credit Bank Ltd. The analysis involves the existing position of import an export situation. And also attempt to explore how to improve the export business process. The analytical part includes the details of export and import process‚ mechanisms involvement of parties in export and import business etc. On the basis of the analysis interpretation has been made regarding the business trend of export and import. Some precautionary
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to door banking | | 7. Which services of banking do you use? Savings deposit | Bill discounting | Internet banking | Fixed deposit | Electronic funds transfer | Payment of utility bills | Loans | Credit And debit cards | Encashment of Cheques | Overdrafts | Telephone banking | Balance confirmation | 8. Are you aware of Phone banking? Yes No If Yes‚ How did you get to know? _________________________________________________________________________________ If NO
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MODEL QUESTIONS --- JAIIB PRINCIPLES OF BANKING – MODULE A & B 1) When a cheque is drawn on a bank‚ the bank is called the a)Payee b)Drawee c)Drawer d)Endorsee (b) 2) One of the State Government avails of a temporary financial assistance from Reserve Bank of India. This type of finance is called : a)Overdraft b)Temporary loan c)Short term finance d) Ways and Means advance (d) 3) Maximum Bank Rate is: a) 6%
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IMPACT OF TECHNOLOGY IN INDIAN BANKING SECTOR LAVANYA. D(AUTHOR) RESEARCH SCHOLAR ST.PETERS UNIVERSITY‚ CHENNAI & Dr. R. GAYATHRI(CO-AUTHOR) ST.PETERS COLLEGE OF ENGINEERING AND TECHNOLOGY. CHENNAI LIST OF CONTENTS SL.NO PARTICULARS PAGE NO 1. PROJECT ABSTRACT 3 2. VARIOUS METHODS OF MONEY 4-6 TRANSFER THROUGH ONLINE 3. NEFT/RTGS 7-8 4. EXAMPLE 8-10 5.
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Chapter One Introduction 1.1 Introduction The existence of financial institution facilitates exchange of resources between borrower and lender. The financial institution such as banks‚ have a positive role in financing and investment which is a multidimensional process involving complexity of many interrelated and interdependent factors of diversified nature. It is difficult to assess the contribution of each factor independently. To be successful in its arena
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