Banking

----------------------------------------------------------------- What is bank...? It is finacaceil instute where transaction of money takes place What basically bank deals with...? Money transaction What are different types of account...? Real,Nominal & persinoal What is currency chest ? ifferent types of bank..? !"# ,!ri$ate,RR%,commercial bank, retail bank,In$estment bank Whats is non financial institute...? &het funds What is office account..? what is sundry account ? A sundry account is an account assigned to a group of infrequent customers who normally have little in their accounts. Such an account is temporary or an in-process account which has to be cleared to a zero balance. What is importance of !&' account in bankin(...? profit & loss account, What is Income & e)penditure account ? IR*interest recei$able +Income & I! *interest payable+ is e)penditure What is credit ? epositin( money What is debit .? withdrawin( money What is liability ? %ank has repay it ,(- eposit account What is asset ? %ank will earn from it ,(-'oan account

CASA
What is sa$in( a.c..? "a$in( account is a depsoit account fro which Intrest will be paid it/s for indi$iaul customer What is current account..? &urrent is a money parkin( account for which intrest not paid & it/s for bussiness purpose What is differance between sba & caa...? 0s abo$e &Withdrwal is resected in "%0 no resitaction of withdrwal Whay intreset not paid to caa...? 0s &00 is money parkin( account it will not comes under deposit account OVERDRAFT What is oda..? 1he faclity *'imit+ 2i$en to customer e$en if customer not ha$in( balnce he can witndral money ifferenr types of od...? &lean 3 & "ecure 3 What is clean od..? 1he limit (i$en with out any security What is the differnace between od & tod...?

3 is re$ol$in( where as 13 is for one time Where tod is used...? In "%0 account What is limit...? 1he ma)ium amount (i$en What is sanction limit n*sl+...? sanctioned limit is the total amount of 3 What is drwain( power *dp+...? ! is ma)ium amount the customer can withdraw 4ow dp will arri$e.....? %ased on "' but ! should be within "' it should not e)ceds "' What is differance between dp & sl.....? 0s abo$e What is collatral ....? "ecurity (i$en for 'oan or 3 ifferance types of collatral....? 5i)ed, Mo$eable & fincial 6DEPOSITES What are diffrant types of deposit...? R & 1 *Recurrin( & fi)ed+ deposit What is the differance between term deposit & fi)ed deposit...? ,)plain the intreset process in deposit...? 0ccrual , %ookin( ,& application What is intreset bookin( ...? where actuall transaction *betweenoffice accounts+ will happen accountin( entries are I! r Intreset suspension *I"+ &r What is intreset application...? Where intreset is paid to deposit acount accounin( enteries are I" r , eposit account &r ifferance between bookin( & apllication...? %ookin( - Where inter office account trascation will happen 0pplication- Intreset payed to deposit account What is io accounts...? Intreset out flow account where intreset paid to customer e$ery cycle.here maturity amount is same as deposit amount What is ii account...? Intreset is cummlati$e where matrurity amount is princpal 7 intreset,*Intreset paid at the time maturity+ What happend if intrset re8payment account not (i$en...? 1he intreset will &r/ed to suspens account 0ccountin( entry for bookin(...? accountin( entries are I! r Intreset suspension *I"+ &r 0ccountin( entry for aplliction....? I" r , eposit account &r What is pre 9 closer...? closer of 1 berfore maturity What is the accountin( entries for td closer....? r 8 eposit account &r (i$en to 3perati$e account 3R suspens account, &r (i$en to 1 " *if applicable+ Income account &r*if precloser ,char(es will be collected+ What is td renewal....? 0fter maturity same account will continue on cust re:ueset

What is td e)tenstion....? %efore maturity the maturity period is incresased What are diffrent types of renewal.....? With maturity , with intreset ,with principal,different amount ,e)tra amount What is lean why line is marked to deposit account....? Markin( deposit account fund as not to debit

CLEARING
What is clearin(...? !rocessin( the ch:s, dds,etc 1ypes of clearin(...? Inward & out ward What is inward clearin(....?
These - Inward clearing - cheques are the cheques drawn by the bank/branch customers on their account in favour of other parties. On receipt of the inward clearing, the cheques are posted to the various accounts on which they are drawn - meaning the accounts of the cheque issuer or drawer with the bank is debited to the account and the payment is made to the bank presentingthe cheque.

What is inward re;action...? "endin( back the instrument to presentin( bankin( What is cra$e...? #n8debitable funds Whay accounts are cra$ed....? 0fter lod(in( Instrument cust should not withdraw the same amount 0ccountin( entry for re;ection....? What is out ward clearin(...? What are diffrent sta(es in ow clearin(...? 'od(in( ,realse to shadow,Re;ection,markin( as pendin( & re(ularisation. What is the diffrenance between relise to shadow & re(ularisation.....? Relise to shadow - Where transaction will pass but funds will be in shadow balnace Re(ularisation - where no transaction will pass but fund will be in a$ilable balance What is out ward re;ection ? 4ow it can be achi$ed...? Markin( cha as in$alid ,it can be achi$ed by openin( inward clearin( Why instuments are marked as pendin(....? 4oldin( ch: for some period by issue bank What is partilly re(ulraisation ?4ow It happen...? !artilly re(ulraisation is the fuction where all the ch: will not pass some will reamin still in relise to shdow balnace .by markin( ch:s as pendin( What are the accountin( entries passed in re(ularsiation process...?7 No accountin( entries will pass What is counter re;ection...? Re;ection across counters What are diffrent resaion for re;ection....? Inward ,outward & counter What is &1"...? &h: trunksaction system 4ow &1" works....? instead of !hysical ch: the ch: ima(e will send to clearin( house

TRANSACTIONS
What are differnet types of transactions....? What is partisntion account ...?

What is suspenese account What is IR & I! accounts what is use....?

DD & PAYORDER
What is dd...? What is po...? What are differance in po & dd...? What happend when dd is lost....? What is diffreance betweeen ddprintin( & dd reprintin(....? 0ccountin( entries while issuin( dd...? 0ccountin( entries for payin( dd...?

LOANS
What is loan....? iffrent types of loan.....? 1erm loan ,demand loan, ,)plain full life cycle of loan...? What is demand loan....? "hort term loan *3 + What is trum loan.......? 'oan( term loan *4ome loan+ What is morta(e laon....? "ecure loan Where 4ome is taken as morta(e What is colltral....? "ecurity (i$en to 'oan iffrent types of colletral....? Mo$eable,5i)ed & finacile What is dispuesment of loan....? 2i$in( money to customer 4ow loan dp is deri$ed....? 5rom colltral Is it posssibale that dp is more than sl....? No What is deamnd....? monthly ,MI What demand contains...? prinicipal,intreset & penal What are differnet sta(es of intrsert...? 0ccrual,bookin(,application What is formal for loan rerpayment...? !M1 What is repayment..? What it contains...? Repayin( loan amount ,prinicipal,intreset & penal What is o$er due..? 'oan repayment not done What is differance o$er due & past due..? when loan repayment is made it is called as o$erdue if it is more than < months then it is considered as past due What is npa...? Non performin( asset

What are the differnt sta(es of npa...? Re(ular,dobutfull,loss What is re$ol$in( loan....? Re usein( same loan What is bullet repayment...?which =ind of loan account used for bullet repayment method...? 3ne shot payment is called bullet payment ,commerical loan What is penel int....? char(es when repayment not collected What are accountin( entries for intrrest bookin(...? IR &r 9 Int suspens &r What are accountin( entries for intrrest apllication...? Int suspens r 9 loan account &r What is honey moon period...? 1he e)tra time (i$en to repayment What is write off.char(e off....? It is final sta(e when repayment not collected What is account status after char(e off...? 'oan account will be in closed status What happend when int rate chan(es....? 'oan account (ets resheduled What is pre payment...? 0d$ance payment What is payoff ....? Makin( loan account balance as >ero What is loan reshdule...? What happend when reshdulin( is done...? Modifyin( loan repayment or period is called reshdulein( .tenur*period+ ,,MI*demand+ will chan(e What is rephasement...? Rephasement & reshudlin( are one or the same What is cummliati$e intrset...? 0ccrud int is called as cummliati$e intrset What is differnace between shedule & un shedule payment...? "hedule payment is monthly ,MI & un shedule payment is payment made more than "hedule payment

STAMENTS & REPORT

What is statment...? It is commnication made to customer about his account iffernace between report & statment...? Report is for bank perpuse & statment is for customer

PAYMENTS
What is rt(s...? Real time (ross setllement What neft...? National electornic fund tranfer iffrenace between rt(s&neft...? N,51 is below ? lack R12" more than lacks What is bpay...? bil payment made online What is swift ..?

"WI51 is messa(in( system for fund tranfer What are different types of swift messa(es...?