through internet banking. The following are the services available Account Enquiry Fund Transfer Payment of Electricity ‚ Water ‚ Telephone bills etc.‚ Online payment for transactions actually performed through internet Request for issuance of cheque book‚ draft‚ etc‚. Statement of accounts Access to latest schemes Access to rates of interest and other service charges Advantages/Benefits of E-Banking Round the clock Banking: E-Banking facilitates performing of basic banking transactions by
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BANK ACCOUNT: A bank account is a financial account which tells you details or records of all the financial transactions that occurs between bank and the customer and also the financial state of the customer after that. There is a process of opening an account which is as follow: 1. The Type of Bank Account which you wish to open: There are following types of accounts like fixed deposit account‚ saving account and the current account. You choose any of them according to your need. 2.
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The section no. is given at the end of each item. For details‚ kindly refer the bare Act. * Banking means accepting for the purpose of lending or investment of deposits of money from public repayable on demand or otherwise and withdrawable by cheque‚ drafts order or otherwise (5 (i) (b)). * Banking company means any company which transacts the business of banking (5(i)(c) * Transact banking business in India (5 (i) (e). * Demand liabilities are the liabilities which must be met on demand and
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INTRODUCTION 1. Assalamualaikum and Good evening ‚ on behalf of my group I welcome you all to the presentation on FOREIGN EXCHANGE GUIDELINES IN BANGLADESH AND FINDING IN THE PROCESS ITS USER FRIENDLYNESS . Ladies and Gentlemen ‚ the very word foreign exchange refers to foreign currency in general but crucially in text-book terms it refers to the process or mechanism by which currency of one country is converted into the currency of another country . Usually such conversion takes place in
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sheets (equity‚ traded on the stock exchange and deposits) and hold exchange settlement accounts with Reserve Bank of Australia‚ the Australia’s central bank. ESAs streamline the settlement of interbank transactions. Bank that acquires the rival bank cheques are presented to the clearinghouse for redemption. After processing‚ the net balances are posted on ESAs. Bank that accumulate adverse balances observe a fall in the ESA and creditor bank observe an increase in ESA balances. Banks do not only do
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An Introduction on Mobile Banking By Paramantapa Dasgupta After Internet Banking‚ Mobile Banking or M-Banking has become the buzz word in the industry. It’s a fact that Internet Banking has given a boost and has shown a successful way to consider it as a good alternative procedure against physical branch banking. Now where ever you are‚ you can access your bank account and you can do lot more things like checking your account balance‚ transfer money to some other account‚ pay your utility bills
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Bazar Branch is equipped with a number of foreign remittance facilities. Following are the types of foreign remittance facilities offered by National Bank Limited Kawran Bazar Branch. Issuance of Foreign Demand Draft (F.D.D) Issuance of travelers Cheques
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Project On INNOVATIVE BANKING SERVICES PROVIDED TO NRI BACHELOR OF COMMERCE BANKING & INSURANCE SEMESTER V 2010-2011 Submitted By JINAL.M.MEHTA ROLL NO- 34 S.K. SOMAIYA COLLEGE OF ARTS‚ SCIENCE & COMMERCE VIDYAVIHAR |CHAPTER NO |TOPIC NAME |PAGE NO | | |ACKNOWLEDGEMENT |05
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What is a current account? Current Account is primarily meant for businessmen‚ firms‚ companies‚ and public enterprises etc. that have numerous daily banking transactions. Current Accounts are cheque operated accounts meant neither for the purpose of earning interest nor for the purpose of savings but only for convenience of business hence they are non-interest bearing accounts. In a Current Account‚ a customer can deposit any amount of money any number of times. He can also withdraw any amount
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You took over management of a bank recently following the previous manager‘s retirement ‚ and today Mr Eyang called in and introduce himself and say that although he has been ill‚ he is now fully fit again. He also asked you to supply him with a new cheque book for his account and he shocked to learn that his account has been closed. You tell him of the transfer and also the transfer of the joint account balance. Mr Eyang react by saying that he intend to see his solicitors who he adds are now handling
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