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Banking System In India

In India the banks and banking have been divided in different groups. Each group has their own benefits and limitations in their operations. They have their own dedicated target market. Some are concentrated their work in rural sector while others in both rural as well as urban. Most of them are only catering in cities and major towns.

Format of Salary Certificate and Sample Salary Certificate For Bank Loans

In most of the cases salary certificate issues without a format. Salary Certificate letter must contain some necessary information related to an employee's salary break-up including the tenure. Generally, Salary certificate uses for submitting to financial institutions sanctioning loan request made by salaried employee. It will give a basic assessment of an employee's repayment capacity prior sanctioning loan amount.

List of Kerala Scheduled Castes (SC) and Scheduled Tribes (ST)

Whether applying for a job through Kerala PSC or admission to higher studies like Plus One / Graduation or PG etc., some seats are reserved for selection relaxation. Following list showing Scheduled Castes (SC) and Scheduled Tribes (ST) in Kerala must be referred one needed to fill-up the castes of the candidate for eligibility.

Indian Passport Fee Structure - Fresh (New) and Renewal (Re-issue)

Passport becomes one of the most essential document for citizens who travels outside the country. It has to be obtained from Passport authority by applying and personally visited concerned office for identity verification and photo capturing session prior traveling. There are two schemes available for applying Indian Ordinary Passport, Normal scheme and Tatkaal scheme. The difference between normal scheme and tatkaal scheme are delivery period and fees start from Rs. 1,000.00 to Rs. 5,500.00.

Kerala MLA Salary, Benefits, Allowances, Perks and Pension

Member of Legislative Assembly (MLA) in Kerala receives salary, benefits, allowances and perks. These benefits are decided by Kerala State Legislators as per Indian Constitution Article 164. Though the basic pay of MLA is minimal amount, total amount each MLA received will be minimum of Rs. 39,500/-. The upper limit depends other allowances and perks varying person to person, how they utilize their services.

List of Kerala OBC (Other Backward Classes)

Names of Other Backward Classes (OBC) in Kerala listed below considering for Kerala PSC job selection, admission preference for higher studies in Kerala, HSS, VHSS, ITI, Polytechnic, Medical, Engineering, Paramedicals etc.

How to Change or Update Mobile / Phone Number In LPG Consumer Profile?

Though LPG customers seldom change their contact mobile phone / land phone number, occasions you must change phone number on your LPG Gas contact number such as switching new number due to bad service or low signal quality from mobile tower, change of name, error on system etc. Usually, it will come to our notice only when not receiving SMS confirmation after booking LPG Gas or using web portal. Here we find how a LPG customer can change or update their contact mobile / phone number.

Meaning Of Banking

Banks as institutions which channel people's savings into productive loans and investments. Thus banking mainly refers to deposits and loans. A broader definition of banking is any financial institution that receives, collects, transfers, pays, exchanges, lends, invests, or safeguards money for its customers. Investment banks, financing companies, and money lenders are just some of the institutions that have engaged in banking.

Stock Statement For Bank Loan And Sample Format Download

Business means risk! Financial Institutions, for example banks, give business loans to customers based on calculated risk. After giving business loans, how banks take steps to monitor and overcome the risks involved in the deal? Here comes the importance of Stock Statement. Why does bank bother about the stock statement? Because, if you don't repay their amount taken as loan, bank has right to acquire your stocked goods or products and sell it out through auction method.

Changing Bank Account for LPG Subsidy - Online Method

Our relationship with Banks may spoil over the period in different reasons and may have a thought to transfer some of the services or complete closing and opening a new relationship with another bank. If you have a second thought to change your LPG's DBTL (PAHAL) facility from one bank with another bank, you can shift PAHAL to the new bank using online procedure. A simple online facility provided by banks along with National Payment Corporation of India (NPCI).

The Concept and Basic Functions of Branch Banking

Bank Branch is considered as one of the most important channel of the bank and is generally the most preferred channel from the customer's point of view. The bank branch is referred to as the face of the bank since the customer can visit personally and meet and interact with the bank branch officials and avail the various services offered by the bank.

Bank Business Correspondents (Bank BC) and Bank Business Facilitators (Bank BF)

In Jan 2006, the Reserve Bank of India issued a new set of guidelines allowing banks to employ two categories of intermediaries - Business Correspondents (BC) and Business Facilitators (BF) - to expand their outreach. According to the guidelines, while the BCs are permitted to carry out transactions on behalf of the bank as agents, the BF can refer clients, pursue the clients’ proposal and facilitate the bank to carry out its transactions, but cannot transact on behalf of the bank.

3 Documents Prooving Date of Birth (DOB) for Passport Application

Which is the most important document in our life? It would be Property documents or Qualification Certificates or Insurance policies or Share Certificates or Marriage certificate or Fixed Deposit certificates etc. There will be many answers depending on person's state of mind or circumstances. Back to the middle of 20th century and earlier, people were least bothered their birth date because, there were no questionable use of it, except a few people like Govt. servants, Teachers, Defense personal etc. Others, majority of people, only aware that they are living in their locality moving here and there and doing some kind of job or business.

Approved Address Proof Documents for Passport Application in India

Do you have address? Seems its a funny question! No, its not a funny question. There are people who doesn't have an address (sometimes people deliberately hide their address for some reasons) in the society. Address proof is a mandatory requirement to open a bank account, getting admission / joining to an institution / office, passport etc.

Differences Between Salary Certificate and Salary Letter

Salaried employees must know the differences between Salary certificate and Salary letter. In most cases, salary certificate or salary letter come into picture when an employee thinks about how to overcome current or forthcoming financial crisis - personal debt, purchasing a car, buying a house are the common occasions.

When you contact a financial institutions like bank, they give you a list of documents required for processing loan application. Some institution wanted salary certificate while others wanted salary letter. What are the main objectives and differences of these two documents - salary certificate and salary letter?

What is Salary Certificate?

Salary certificate is a document issued by an office head to their employee upon request made by an employee. The request must have a reason which should mention in the certificate as to own purpose or relatives' / friend's purpose. If approved by management, a certificate will be issued to employee in the subject line of "Salary Certificate". This certificate can be submitted for Loan application to any financial institutions depending upon the relationship and interest. Usually its validity may remain for one year or less.

Types or Classification of Bank Term Loan and Features

Every banks deal with "Term Loan" as their financial product to attract customers. Majority of financing institutions are given their product as a term loan. They are probably, short-term loan for buying home appliances or long-term loan for buying a home or inter-mediate term loan for purchasing a car. Here we see the types and features of Term Loan.