samparkonline: August 2015

Friday, August 21, 2015

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Monday, August 17, 2015

Important Banking Awareness Questions you must know :

We all are dirctly or indirectly connected with the banking system.

Every one in his daily life has to go to the bank. In this regards here i put some FAQs reqarding the banking system of INDIA, we must know:

1. MICR code consists of how many digits?
Ans: 9 digits.
(First three digits denotes city, next three digits
representing the bank and the last three digits
representing the bank branch)

2. What is the minimum limit in RTGS system?
Ans: 2 lakhs (there is no upper limit in RTGS)

3. What is full form of CTS?
Ans: Cheque Truncation System

4. Under which service, customers may access their
bank account and perform basic transactions from
any of the member branch offices.
Ans: Core Banking Solution (CBS)

5. Exchange of cash flow in different currency is
known as:
Ans: Currency Swap

6. Assets or loans which stop performing after 90
days is known as:
Ans: Non Performing Asset (NPA)

7. Who controls the Monetary Policy in India?
Ans: RBI (Reserve Bank of India)

8. Which card is
issued by NPCI (National Payments Corporation of
India)?
Ans: RuPay Card

9. Definition of Current Account deficit:
Ans: A measurement of a country's trade in which
the value of goods and services it imports exceeds
the value of goods and services it exports.

10. Full form IFSC –
Ans: Indian Financial System Code

Earn More On Your Idle money :

As a Financial Advisor, We always says people to maintain some cash in your portfolio, as a emergency fund. Every person has a idle money. Now the question arise, where to put his idle money.

Businessman has his idle money in current a/c where he get nothing as an interest, whereas The serviceman has whole of his salary is in saving a/c where he get a little 4% interest in quarterly basis.

And where the housewife put her whole idle money… Yes in his almirah, to get nothing.

I have a solution: Liquid Funds

Have any one hear this word in past.

Yes this is the new way to put your idle money in Liquid Fund.

Here I given two charts to compare the benefits and utility of Liquid Funds.

Plz go through the charts and for more contact us