March 24, 2024
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Consumer Rights & Bankers Commitments: Effective & Secure Banking for Consumers, Guide to Borrower...

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Do you have Bank Account ? Do you take Banking & Other Services from Bank ? Do you have Fixed Deposits (FDR) in Bank ? Have you taken Credit facilities from Bank ? If answer to any of above question is YES, then this book is must read for YOU. Do you want to know how to deal with the Banker ? What are the Consumer Rights regarding Banking transactions ? What are the Commitments of the Banker towards Consumers - Account Holders – Borrowers & Guarantors ? Here is an Effective & Secure Banking guidance for Consumers, Guide to Borrower & Guarantor, Understanding Banking and Mastering the Art of Safe Banking. A bank is a financial institution licensed to receive deposits and make loans. Banking is defined as the business activity of accepting and safeguarding money owned by DEPOSITOR (other individuals and entities), and then lending out (to BORROWER) this money in order to conduct economic activities such as making profit or simply covering operating expenses. In simple words, for the Depositors of the Bank, Bank is Debtor and for the Borrower, Bank is Creditor. Accepting deposits and lending money as loans are the primary business of the Bank. Hence, this book is divided into FOUR Parts – 1. Important Information – Do’s & Don’ts, 2. Deposits & Services, 3. Loans & Guarantees, 4. Other Services In INDIA, Banking & Banks are regulated by the Reserve Bank of India which is one of the world's major central banks. This Book deals with minimum standards of banking practices followed by member of BCSBI while dealing with Bank Customers. This also provides protection to Customers in its day to day operations with the Banker. If you want the answers to above questions, please go ahead...his book will help you train yourself to develop intelligence and ability for an effective & secure banking. This book will also help depositors, pensioners, borrowers & guarantors. Important Do’s and Don’ts are provided to make your banking transactions safe. Discover how you can deal with your banker with minimum stress and avoid losses. Be your own master and unlock your potential to find your own path to successful banking. Become more positive, solve problems wisely. Like the smartest of thinkers, you too can transform the way you think and predict future with your banker. Are you ready to take charge of your Bank Account and shape your own destiny? The Customer who deposits his life savings in bank is creditor of the bank. Customer must know that his bank is suitable & secure. In general study, it has been disclosed that majority peoples do not have primary and basic knowledge about the banking transactions. Majority people who hold savings and deposit accounts does not know that people can open ‘Basic Savings Bank Deposit Account’ (BSBD Account) / Small Account and Jan-dhan Account without the requirement of any minimum balance subject to compliance with the instructions on Know Your Customer (KYC) / Anti-Money Laundering (AML) for opening of bank accounts issued by RBI / Government of India (GOI) from time to time. Banker will also offer / provide minimum common facilities including the facility of ATM card or ATM-cum-Debit Card without any charges, which will be made known to Customer. Banker will also extend the facility of opening such accounts on the basis of simplified KYC norms. This Simple changeover will save charges and unnecessary stress of maintaining minimum balance & other compliances. A bank is a financial institution licensed to receive deposits and make loans. Banking is defined as the business activity of accepting and safeguarding money owned by DEPOSITOR (other individuals and entities), and then lending out (to BORROWER) this money in order to conduct economic activities such as making profit or simply covering operating expenses. In simple words, for the Depositors of the Bank, Bank is Debtor and for the Borrower, Bank is Creditor.

ASIN ‏ : ‎ B0BXQSWMXF
Language ‏ : ‎ English
File size ‏ : ‎ 6641 KB
Text-to-Speech ‏ : ‎ Enabled
Screen Reader ‏ : ‎ Supported
Enhanced typesetting ‏ : ‎ Enabled
X-Ray ‏ : ‎ Not Enabled
Word Wise ‏ : ‎ Enabled
Print length ‏ : ‎ 113 pages

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