
What is bank endorsement?
Definition of Endorsement Section 15 defines endorsement as follows: “When the maker or holder of a negotiable instrument signs the same, otherwise than as such […]
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Definition of Endorsement Section 15 defines endorsement as follows: “When the maker or holder of a negotiable instrument signs the same, otherwise than as such […]
Continue reading »Definition of a Cheque A cheque is defined in Sec 6 of NI Act as under :- (i) A cheque is a bill of exchange […]
Continue reading »(i) The scheme of deposit insurance applies since its inception to all commercial banks in India, scheduled and non-scheduled. The de- posit insurance cover has […]
Continue reading »Non-resident deposits are mobilized from the persons of Indian nationality, or Indian origin living abroad (NRIs) and Overseas’ Corporate Bodies (OCBs) predominantly owned by such […]
Continue reading »(a) Recurring Deposits or Cumulative Deposits : In Recurring Deposits accounts, a certain amount of savings are required to be compulsorily deposited at specified intervals […]
Continue reading »(a) Current account A current account is a running and active account that may be operated upon any number of times during a working day. […]
Continue reading »The Comptroller and Auditor General of India is appointed by the President by warrant under his hand and seal. He can be removed from office in like […]
Continue reading »Banker-customer relationship is a contractual relationship between two parties and it may be terminated by either party on voluntary basis or involuntarily by the process […]
Continue reading »Individuals bank account Accounts of individuals form a major chunk of the deposit accounts in the personal segment of most banks. Individuals who are major […]
Continue reading »One of the important rights enjoyed by a banker is the right of general lien. Lien means the right of the creditor to retain the […]
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