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Functions of Non Banking Financial Company (NBFC)

Non Banking Financial Company also known as NBFC company, functioning as per the Indian Companies Act, giving loans and advances to the public. An NBFC company can acquire shares, stocks, bonds, debentures and securities from Government as well as local authority or any other marketable securities.

SBI Digital Products

As part of modernization, SBI now has added another 7 digital products to their customers: SBI Digital Village, SBI Mingle, State Bank Buddy, State Bank Scribe, SBI Digi Voucher, SBI Video Statement and SBI Smart watch. With these additions, SBI becomes the "leader of digital products", they claimed. All these SBI Digital products are available for both rural and urban customers in India.

SBI Agriculture Loan - Scheme For Dairy Societies And Dairy Units

SBI has two bank loan schemes for Dairy related agricultural projects. The first one named -SBI Scheme For Dairy Societies- aims to provide finance for creating infrastructure like Construction of Milk house or Society office, Purchase of Automatic milk collection system, transport vehicles, Bulk chilling unit; and the second named SBI Dairy Plus Agriculture loan scheme to finance milk producing members of AMUL pattern societies recognized private milk dairies posting profit in the past two years.

Documents Required For "Take Over Loan" From Other Banks

Loan customers may think possibility of transferring loan to more customer friendly bank, sometimes, reasoning better interest rate, relaxation of fine imposing etc. When they think about taking a loan, there may not have studied various bank's terms, conditions, policies. After starting repayment of some installments, they would have learned about their bank's merits and demerits. If another bank has better offer, they can transfer loan to another bank, if current bank allows and economically beneficial.

Passport - Definition, Brief History, Classes / Types and Uses

Passport is an authoritative document issued by a national Government to citizens for proving identity while traveling abroad. More broadly, Passport is a document to passing ports of another nation or country, which means a person who used to prove his identity and citizenship by showing a document when passing (traveling) one port to another port. This document, passport, normally a small booklet called Passport (pass-port) must have verified and certified information identifying the holder such as address, date of birth, profession, photograph, biometric data, endorsement or stamps of departure, arrival and Travel Visa(s) of visited countries.

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.

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 Deposit Accounts - Opening Aspects, Procedure and KYC

One of the primary function of a commercial bank is accepting deposits from public and in return, bank will give interest earnings for the deposited money to the account holder depending on the type of deposit accounts. It is a three part article, which will look into various aspects of deposit accounts, its operations, and types of deposit accounts, offered our commercial banks in India. Opening aspects and KYC is the first part that everybody should know before they get into the bank for having relationship with bank and their deposit accounts.

Bank Of Baroda (BOB) Pradhan Mantri Mudra Yojana (PMMY) Scheme for Collateral Free Bank Loan

Are you interested to be a Micro or Small Entrepreneur in a hassle free credit system? Worried about collateral security? Here is the best solution to make your dreams come true as an entrepreneur! Bank of Baroda (BOB) offers collateral free, affordable credit to their customers who are in the business of Micro and Small enterprises through Pradhan Mantri Mudra Yojana or PMMY scheme. BOB PMMY scheme is supported by Government of India to extend affordable credit to micro and small enterprises across the country where BOB has serviceable branches.

TDS / Form 16 Certificate - The Proof Of Income Tax Payment Details And Sample Of An Employee

Form 16 certificate also known as TDS certificate is a financial statement issued by an office of a salaried employee that contains earnings, deductions and “Income Tax" or "I-T” paid to the Government. This Form-16 certificate (TDS Certificate) must be issued to every employee who comes under “Tax Deducted at Source - TDS”, by his / her employer in the end of each financial year.

Check List Of Documents For SBI Auto Loans

When you apply for a SBI Auto Loan, make sure that all necessary documents are ready with you before proceding application. First of all, have a detailed discussion with branch manager in order to get all relevant and important details you suppose to get from bank and cross check the list of documents provided here.

SBI Agriculture Loan For Financing Power Tractor (Scoring Model For Tractor Loans)

SBI Agriculture Loan For Financing Power Tractor (Scoring Model For Tractor Loans) to provide finance for purchasing of new tractors, accessories and implements as Agricultural Term Loan that can be availed by Agriculturists (individually or jointly). There must be minimum of land holding 4 acres of perennially irrigated land. Applicants should score of 56 under the scoring model of the bank. Proposals with credit score of 26 & above but upto 55 will be considered after credit enhancement.

SBI Dental Doctor Plus Bank Loan Scheme for Registered Dentists

Simplified and collateral free bank loan from SBI for registered Dentist who has BDS and above qualification. The details of Dental Doctor Plus of SBI is given below:

Eligibility for availing SBI Dental Doctor Plus bank loan

  • Individuals / Partnership firms / Ltd. Co / Trust.
  • Promoters should have minimum BDS and should be registered practitioners.

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.