Economics Archives - Page 3 of 8

What is bank endorsement?

Posted on August 19, 2017 by admin

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 […]

Economics, India, Question and Answer

Legal aspects of a cheque

Posted on August 19, 2017 by admin

Definition of a Cheque A cheque is defined in Sec 6 of NI Act as under :- (i) A cheque is a bill of exchange […]

Economics, India

Salient Features of Deposit Insurance

Posted on August 18, 2017 by admin

(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 […]

Economics, Insurance

Schemes for Non-Resident Indians (NRIs)

Posted on August 18, 2017 by admin

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 […]

Economics, India

Term Deposits

Posted on August 18, 2017 by admin

(a) Recurring Deposits or Cumulative Deposits : In Recurring Deposits accounts, a certain amount of savings are required to be compulsorily deposited at specified intervals […]

Economics, India

Demand Deposits

Posted on August 18, 2017 by admin

(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. […]

Economics, India

The Comptroller and Auditor-General of India

Posted on August 18, 2017 by admin

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 […]

Economics, India

How to close a Bank Account?

Posted on August 18, 2017 by admin

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 […]

Economics, India, Question and Answer

Various types of bank customers

Posted on August 18, 2017 by admin

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 […]

Economics, India