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Finance & Banking in India
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Your guide to banking services in India
10 articles
Banking Solutions for Customer Convenience
From Finance & Banking in India, 2 year ago, Read 0 times. Similar articles
Banking has evolved with time. The entire infrastructure and concept of traditional piled files and documents has given away to a much more sophisticated and sleek outlook. Moreover with technology growing with a rapid pace the time consuming factor has been replaced with doorstep banking methods which permits you to carry on with your banking 24/7 without having to pay the bank any visit. Money orders and transfers have taken a backseat for Online Money transfers, Card and mobile banking. Even...
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Retail Banking Services
From Finance & Banking in India, 2 year ago, Read 0 times. Similar articles
The Banking sector is considered to be the largest Business provider. It is diversified with every section catering to one particular transaction. It could be either individual/personal or business to business banking. The kind of banking where the financial institute directly executes transactions with the consumer is called Retail Banking. Retail Banking services include savings and checking accounts, personal loans, credit cards, debit cards, etc, etc.
On general terms retail banking refers...
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Online Money Transfer has made banking all the more easier.
From Finance & Banking in India, 2 year ago, Read 0 times. Similar articles
Modern Day Banking has become extremely hectic with loads of transactions occurring at the same time across the globe. With financial regulations stepping up, there are businesses that require banking 24/7. With technology evolving on a regular basis, new concepts of banking are being introduced now and then. With the birth of the internet, all major transactions have become faster and secured. Ditto for mobile banking, banking has been at its convenient best. Gone are the days when you had to...
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Wealth Management Services
From Finance & Banking in India, 2 year ago, Read 0 times. Similar articles
Wealth Management services are a professional service provided by reputed financial organizations to their valued customers. Generally speaking it is termed as an investment advice as it encompasses all parts of a person's financial life. The prime objective is to provide worthy individuals with tailored retail banking services such as taxations, investment decision and other primary transactions with the goal of sustaining and growing long-term wealth. This is a value added gift to the...
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Import Letter of Credit
From Finance & Banking in India, 2 year ago, Read 0 times. Similar articles
Import letter of credit is a term that is associated with global business or international trading. International trade continues to grow every year as nations expand their global sales and new nations join in. Trade related financial services have developed and expanded in depth, complexity and effectiveness to support the expansion of world trade. This has given rise to an important term called ?Import Letter of Credit'. On Business lines it is defined as the designation given by the importer...
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The Concept and Importance of NRI Banking.
From Finance & Banking in India, 2 year ago, Read 0 times. Similar articles
The term NRI (Non-Residential Indians), refers to a section of people having Indian origin but residing outside India. NRI Banking is done to attract NRI's to carry out financial transactions, like depositing amounts and other remittance into India through banking channels. NRI Banking was introduced by the Government of India in 1970, to bolster the balance of payments between Indian banks and NRI's through Non-Resident (External) Account Rules which are governed by the Exchange Control...
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Mobile Banking ? The future of Banking is here
From Finance & Banking in India, 2 year ago, Read 0 times. Similar articles
Modern day banking has evolved a lot with time. Gone are the days when customers queued in front of a teller's window awaiting their turn to get their cheque encashed or deposited in their accounts. The current day banking scenario is much more savvy and fast. From net banking to phone banking the customer has been provided with numerous facilities to make banking much easier, safer and comfortable. Mobile banking, the new-age phone banking facility also referred to M-banking or SMS banking is...
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Term Loans & Deposits
From Finance & Banking in India, 2 year ago, Read 0 times. Similar articles
A Loan is a kind of a debt where a borrower borrows a desired amount of money from the bank, keeping a security along with the condition that the sum received will be paid back in Equated Monthly Installments along with a rate (fixed/floating/flat) of interest: i.e – an amount charged on the loan issued. A deposit is a kind of an investment where...
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Business Banking
From Finance & Banking in India, 2 year ago, Read 0 times. Similar articles
Business Banking or Commercial Banking refers to an area of banking primarily dealing with deposits and loans from corporations or large businesses. It is a separate entity from retail or investment banking as it doesn't involve the provision of financial services direct to consumers. It makes loans to business and consumers, its primary liabilities are deposits and assets loans and bonds. Business banking for commercial or any small scale business is daunting. Commercial loans are obtained to...
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Loans
From Finance & Banking in India, 2 year ago, Read 0 times. Similar articles
Loan is a kind of a debt that a banking/financial organization lends to a borrower for his personal or professional reasons. Initially the money isn't directly handed over to the borrower, rather like every other debt instruments some security is provided against the amount borrowed. This particular amount is then repaid in forms of installments, not necessarily of the same size though. For this particular service the bank does charge a fee termed interest on the amount borrowed. On legal terms...
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