National Payments Corporation of India (NPCI) has implemented “National Automated Clearing House (NACH)” for Banks, Financial Institutions, Corporates and Government a web based solution to facilitate interbank, high volume, electronic transactions which are repetitive and periodic in nature. NACH System can be used for making bulk transactions towards distribution ofContinue Reading
Definition of ‘Mutual Fund’ Definition: A mutual fund is a professionally-managed investment scheme, usually run by an asset management company that brings together a group of people and invests their money in stocks, bonds and other securities. Description: As an investor, you can buy mutual fund ‘units’, which basically representContinue Reading
Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems. It’s the first example of a growing categoryContinue Reading
Unified Payments Interface (UPI) is a payment system launched by National Payments Corporation of India and regulated by the Reserve Bank of India which facilitates the instant fund transfer between two bank accounts on the mobile platform. UPI is built over Immediate Payment Service (IMPS) for transferring funds using VirtualContinue Reading
Tell me about yourself. What are your greatest strengths? What are your greatest weaknesses? Why are you leaving (or did you leave) this position? Why should I hire you? Aren’t you overqualified for this position? Where do you see yourself five years from now? Describe your ideal company, location andContinue Reading
Here’s a glossary of stock market terms, suitable for beginners. Stock :Ownership of a corporation indicated by shares, which represent a piece of the corporation’s assets and earnings. Current assets : Value of cash, accounts receivable, inventories, marketable securities and other assets that could be converted to cash in lessContinue Reading
Banker Banking is accepting for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise and withdrawable by cheque, draft or otherwise. Endorsement In literal sense, the word ‘endorsement’ means, writing on back of an instrument. However under Negotiable Instruments Act 1881,Continue Reading
About IBPS Bank financial Competitive Admission Testing Learning Skill India Exercise Technology Banking Recruitment Talent Computer Educational Behavioral Skills. The magnificence of IBPS has stood over 40 years. Working on international testing models like the ETS model, the Institute conducts a wide spectrum of activities in personnel selection both forContinue Reading
1. What is TAN? TAN or Tax Deduction and Collection Account Number is a 10 digit alpha numeric number required to be obtained by all persons who are responsible for deducting or collecting tax. It is compulsory to quote TAN in TDS/TCS return (including any e-TDS/TCS return), any TDS/TCS paymentContinue Reading
Term life insurance plan provides life cover to an individual. In simple terms, a lump sum amount (Sum Assured) is paid to the family members on demise of life insured. For the life cover, the life insured has to pay relatively low premium. The life cover is for certain policyContinue Reading