What is Next of Kin:
Next of kin is simply a person's closest living blood relative or relatives in case the account holder is died and court declares him/her as next of kin. So that person whose NIC was submitted at the time of account opening as next of kin, can take over the bank balances of the account holder.
What is Basic Banking Account (BBA):
BBA is a non-remunerative account with limited services individual account holders only and does not contained service charges it includes student account, salary account, widow account etc.
In case of BBA unlimited ATM withdrawals and maximum two deposit transactions & two debit withdrawals are allowed free of charge while more than this limit will be charged as per tariff of bank's charges.
Difference between BBA Account and Current Account:
Basic Banking Account (BBA):
BBA= These are opened for low incomes individuals with no profit payment and with no service charges on 2 deposit transactions and two debit withdrawals. Initial Deposit is Rs.1000
Current Account:
Current Account opened for low incomes as well as high income as busniess man.. and its intial deposit rs 5000.
What is SS Card:
SS Card (Signature Specimen Card) :
Bank maintains a Card which has two specimen (sample) signatures of the account holder. Normally, banks scan the signature and store them in computer. Bank kept the record to check the validity of the signatures at the time of payment .
what is Letter of Credit (LC):
A letter of credit is issued by the importer's bank. If guarantees payment to the exporter up to specified amount of money provided the terms and conditions laid down the L/C are fulfilled.
How many Types of Clearings:
Two types: i)- Inward Clearing ii)- Outward Clearing
Difference B/W Inward Clearing and Outward Clearing:
Inward Clearing:
If Our branch cheque is presented in another bank than the process of collection of amount mentioned in cheque from us in the favour of that another bank via NIFT, is called inward clearing. it means outflow of money from our bank branch.
Outward Clearing:
Similarly, If another bank or branch cheque is presented in our branch than collection of amount mentioned in cheque from us in the favour of our branch via NIFT, is called outward clearing. it means inflow of money to our bank branch.
Regards:
MAHA SHAH
Admin Girls
MBA (Finance)
1- What is Next of KinA: next of kin used to describe a person's closest living blood relatives at the time of account opening.i.e account holders wife/husband, mother/father, friend or any other person whose CNIC copy is provided at the time of account opening.if the account holder does not come in bank for the 6 months or in case if he/she is died then the next of kin(whose name is mentioned,CNIC copy) can take account balance of the account holder.2: What is Basic Banking Account (BBA)A; it is stands for basic banking account.BBA account basically for the salaried persons and for students.requirements for account opening1: CNIC copy(see orignal)2: salary slip in case of salaried individual and bonafide letter for students.3:initial deposit is 1000RS.features:two withdrawals and cash deposits in every month are free.with the bank debit card unlimited withdrawals and cash deposits.no deduction of charges.non profit bearing..3- Difference between BBA Account and Current AccountA:BBA account stands for basic banking account. it is specially for salaried individuals and students.current account:current account is that account where is no profit and no loss.
4- What is SS CardA; SS card stands for specimen signature card. after the fulfilment of all requirements for account opening there is turn of SS card.it is used ti telly the signature at the time of cheque payment.generally two signatures are taken of account holder on SS card.
5- what is Letter of Credit (LC)A; LC stands for letter of credit. it is an instrument that is drawn by importers bank on exporters bank to deliver the goods on specific date and time. it is very important instrument in international trade.
6- How many Types of ClearingsA; there are two types of clearing1: inward clearing( where bank received cheque that is drawn on him for clearing by NIFT)2:outward clearing( where instruments are deposited by customers drawn on other banks presented for clearing)
7:Difference B/W Inward Clearing and Outward ClearingA: as it is mentioned in question no 6's answer:)MAHAA am i rite?????On Mon, Mar 5, 2012 at 8:18 PM, Mahaa Shah <mahaa.shah.askari@gmail.com> wrote:
plx its a request that reply to all not only reply to metry to click reply to all so all can discuss
On Mon, Mar 5, 2012 at 2:21 AM, Mahaa Shah <mahaa.shah.askari@gmail.com> wrote:
Let's start preparing viva questions which we old students have experienced in our session.i will ask some questions and all should answer those. Then next day, i will provide u answers...You All Agree?Here We Start:Common Questions from Banking Sector on Training Program:1- What is Next of Kin2- What is Basic Banking Account (BBA)3- Difference between BBA Account and Current Account5- what is Letter of Credit (LC)6- How many Types of Clearings7- Difference B/W Inward Clearing and Outward Clearing
Regards:MAHA SHAHADMIN GIRLSMBA (Finance)--
We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best. Join www.vuaskari.com,
To post to this group, send email to vuaskari_com@googlegroups.com
Visit these groups:
This (Main) Group:http://groups.google.com/group/vuaskari_com?hl=en?hl=en
MIT/MCS Group: http://groups.google.com/group/vu_askarimit?hl=en?hl=en
HRM Group: http://groups.google.com/group/askari_hrm?hl=en?hl=en
Banking Group: http://groups.google.com/group/askari_banking?hl=en?hl=en
Management: https://groups.google.com/group/vuaskari_mgt?hl=en
Marketing: https://groups.google.com/group/vuaskari_mkt?hl=en
MIS Group: http://groups.google.com/group/askari_mis?hl=en
--
We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best. Join www.vuaskari.com,
To post to this group, send email to vuaskari_com@googlegroups.com
Visit these groups:
This (Main) Group:http://groups.google.com/group/vuaskari_com?hl=en?hl=en
MIT/MCS Group: http://groups.google.com/group/vu_askarimit?hl=en?hl=en
HRM Group: http://groups.google.com/group/askari_hrm?hl=en?hl=en
Banking Group: http://groups.google.com/group/askari_banking?hl=en?hl=en
Management: https://groups.google.com/group/vuaskari_mgt?hl=en
Marketing: https://groups.google.com/group/vuaskari_mkt?hl=en
MIS Group: http://groups.google.com/group/askari_mis?hl=en
--
B@bs
We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best. Join www.vuaskari.com,
To post to this group, send email to vuaskari_com@googlegroups.com
Visit these groups:
This (Main) Group:http://groups.google.com/group/vuaskari_com?hl=en?hl=en
MIT/MCS Group: http://groups.google.com/group/vu_askarimit?hl=en?hl=en
HRM Group: http://groups.google.com/group/askari_hrm?hl=en?hl=en
Banking Group: http://groups.google.com/group/askari_banking?hl=en?hl=en
Management: https://groups.google.com/group/vuaskari_mgt?hl=en
Marketing: https://groups.google.com/group/vuaskari_mkt?hl=en
MIS Group: http://groups.google.com/group/askari_mis?hl=en
No comments:
Post a Comment
PLEASE COMMENT ABOUT YOUR VISIT AND MY SITE
Note: Only a member of this blog may post a comment.