Expert Notes on Important Banking Awareness topics for Banking ExamDEVENDRA VISHWAKARMA
Many of you are preparing hard for IBPS PO V Interview process, which is scheduled to be held from January 2016. The competition is very high and only right preparation strategy can help you in cracking the IBPS PO interview. Some of you who did not get through the Exam, would be preparing for other banking exams which will be conducted next year.
In order to help in your preparation, we are providing you Important Notes on Banking & Financial Awareness. It is expected that you may face questions during Online Exam or Interview. Through this Article we are covering following topics:
1. Negotiable Instruments Acts : The Negotiable Instruments Act, 1881 is a particularly long act containing 17 chapters and 142 sections. It deals with three particular types of negotiable instruments – promissory notes, bill of exchange and cheques. Click here to read more onNegotiable Instruments act.
2. Important facts to know about GST: The Goods and Services Tax (GST) is a value added tax that will replace all indirect taxes levied on goods and services by the Government, both Central and States, once it is implemented. The GST Bill, officially known as The Constitution (One Hundred and Twenty-Second Amendment) Bill, 2014, proposes a national Value added Tax to be implemented in India from April 2016. Click here to read more on Good and Service Tax (GST).
3. Retail Banking in India: Retail banking is also known as Consumer Banking is the delivery of services by a bank to individual consumers, rather than to companies, corporations or other banks. Services offered include savings and transaction accounts, mortgages, personal loans, debit cards, and credit cards. Click here to read more on Retail Banking in India.
4. Internet Banking in India: Internet Banking is the latest and most innovative service and is the new trend among the consumers. It offers new opportunities for banks to provide added convenience to their existing customers and reach a large population of unbanked customers in both urban and rural India. Click Here to read more on Internet Banking in India.
5. RBI Role as a Banker’s Bank: Reserve Bank of India acts as Banker’s Bank. Like individual consumers, businesses and organisation of all kinds, banks need their own mechanism to transfer funds and settle inter-bank transaction such as borrowing from and lending to other banks and customer transactions. As the banker’s bank, the Reserve Bank fulfills this role. Click Here to read on RBI Role as a Banker’s Bank.
We will be covering notes on more topics on a daily basis. You can also suggest topics which you want us to cover in the comment section.