REFERENCE Archive

Term Deposit (Fixed Deposit) & Interest

Term deposit, interest, FD, Fixed Deposit, rate, quarterly, compounding, effect, simple, cumulative fixed deposit, maturity, withdraw,
Term deposits are well known for the safety, liquidity and flexibility.  Term deposit also known as fixed deposit allows a customer to lock in his deposit for a specific period at the interest rate prevailing at the
19 Mar 19 Author CategoryBanking Terms, Fixed Deposit Interest Rate No Comment Read More

Fixed Deposit (FD)–Liquid Investment 

Fixed deposit, FD, term deposit, investment, simple, liquid, tenure, interest, advantages, disadvantages, TDS, 15G, 15H, senior citizen, KYC
Fixed deposit (FD) is one of the most popular investment options opted by majority of Indians.  Fixed deposit with banks is the safest, simplest, flexible and most liquid investment option available. Bank is not the lone player
18 Mar 19 Author CategoryFixed Deposit Interest Rate, Other Investments, Schemes No Comment Read More

Documents, Instruments and Stamping

Stamping, duly stamped, document, instrument, stamped, Section 3, General Clauses Act,1879, Indian Stamp Act, 1899
Stamping of documents in India is governed by the Indian Stamp Act,1899.  This Act is a revenue legislation specially enacted with the aim of raising revenue for the Government.  The Act does not cover the State of
17 Mar 19 Author CategoryBanking Terms, Legal Terms and Matters No Comment Read More

Security Interest Registration & CERSAI

security interest, register, CERSAI, equitable mortgage, mortgage, registration, charge , primary security, collateral security, 30 days, creation, modification, satisfaction, borrower, lender, Bank, agricultural land, commercial property, house property,
The Central Registry of Securitization, Asset Reconstruction and Security Interest of India (CERSAI) is a Central Registration System set up under Chapter IV of the SARFAESI Act. It was incorporated with the intention of capturing details of
11 Mar 19 Author CategoryBank Loans- General, Everything About No Comment Read More

CERSAI and Equitable Mortgage Registration

CERSAI, SARFAESI Act, Charge, security interest, banks, equitable mortgage, hypothecation, Central Registry of Securitization, Asset Reconstruction and Security Interest of India, public data base,
CERSAI – The Central Registry of Securitization, Asset Reconstruction and Security Interest of India – is a company set up under the provisions of SARFAESI Act, 2002.  It was incorporated in March 2011 as a Section 25
10 Mar 19 Author CategoryBank Loans- General, Everything About No Comment Read More

Familiarity Bias in Investment

Familiarity bias, investing, financial asset, investment instrument, comfort zone, diversification, behavioral bias
Investment involves picking up the most suitable instrument capable of generating income over a period. As investing is a process of acquiring a financial asset by parting the hard earned money,   the investment decision is always
8 Mar 19 Author CategoryInvestment Guide, Quick Reference No Comment Read More

Environmental, Social and Governance Criteria or ESG Investing

ESG investing, ESG, investment, criteria, standard, ETF, Environmental, social, governance, fund, corporate governance, ethical, sustainable, Sustainable investing, responsible investing, impact investing, ESG score,
ESG criteria is a fast emerging idea that influences the investment decisions of a socially conscious investor. ESG stands for Environmental, social and governance. ESG funds are portfolios of equities and/or bonds for which environmental, social and
12 Feb 19 Author CategoryEverything About, Other Investments No Comment Read More

Banking Functions and Economic Importance of Banks

Banking function, definition, objective, functions, economy, importance, saving, credit, financial inclusion, industry, agriculture, employment, Bank, Banking
Bank is a financial institution that facilitates transfer of money from one person or business to another person or business. Basically it is an institution for keeping, lending, transferring and exchanging money. Banks lend money that they
9 Feb 19 Author CategoryBanking Terms, Indian Economy No Comment Read More

Do Banks Offer Free ATM Transactions?

Free ATM Transaction, Metro location, non-metro, financial, non-financial, on-us, off-us, cost, atm centre, security, RMS,
ATMs have become the face of digital banking in India. The Reserve bank of India (RBI) has stipulated minimum number of free ATM transactions to be provided by banks to their savings bank customers. This has been
17 Jan 19 Author CategoryBanking Awareness, Banking Products & Schemes, Digital Banking Products No Comment Read More

Automated Teller Machine –Services and Precautions

Automated Teller Machines, PIN, ATM, BLA, WLS, Service, transaction, PIN , EMV Chip, magnetic stripe card, Personal Identification Number, operations
Automated Teller Machines were the first step in the digital journey of banking system in India. In a short span of time, ATMS became very popular. As of now, more than 2,40,000 Automated Teller Machines are deployed
16 Jan 19 Author CategoryBanking Awareness, Banking Products & Schemes, Digital Banking Products No Comment Read More