JHF Account : Joint Hindu Family Account is account of a firm whose
business is carried out by Karta of the Joint family, acting for all the family
members.. The family members have common ancestor and generally maintain a
common residence and are subject to common social, economic and religious
regulations.
Joint Account : When two or more individuals jointly open an account with a bank.
Joint Account : When two or more individuals jointly open an account with a bank.
Karta : Manager of a Hindu Undivided Family (HUF) who handles
the family business. He is usually the eldest male member of the undivided
family.
Kiosk Banking : Doing banking from a cubicle from which food, newspapers, tickets etc. are also sold.
KYC Norms : Know your customer norms are imposed by R.B.I. on banks and other financial institutions to ensure that they know their customers and to ensure that customers deal only in legitimate banking operations and not in money laundering or frauds.
Kiosk Banking : Doing banking from a cubicle from which food, newspapers, tickets etc. are also sold.
KYC Norms : Know your customer norms are imposed by R.B.I. on banks and other financial institutions to ensure that they know their customers and to ensure that customers deal only in legitimate banking operations and not in money laundering or frauds.
Karta : Manager of a Hindu Undivided Family (HUF) who handles
the family business. He is usually the eldest male member of the undivided
family.
Kiosk Banking : Doing banking from a cubicle from which food, newspapers, tickets etc. are also sold.
KYC Norms : Know your customer norms are imposed by R.B.I. on banks and other financial institutions to ensure that they know their customers and to ensure that customers deal only in legitimate banking operations and not in money laundering or frauds.
Kiosk Banking : Doing banking from a cubicle from which food, newspapers, tickets etc. are also sold.
KYC Norms : Know your customer norms are imposed by R.B.I. on banks and other financial institutions to ensure that they know their customers and to ensure that customers deal only in legitimate banking operations and not in money laundering or frauds.
Law of Limitation : Limitation Act of 1963 fixes the limitation period of
debts and obligations including banks loans and advances. If the period fixed
for particular debt or loan expires, one can not file a suit for is recovery,
but the fact of the debt or loan is not denied. It is said that law of
limitation bars the remedy but does not extinguish the right.
Lease Financing : Financing for the business of renting houses or lands for a specified period of time and also hiring out of an asset for the duration of its economic life. Leasing of a car or heavy machinery for a specific period at specific price is an example.
Letter of Credit : A document issued by importers bank to its branch or agent abroad authorizing the payment of a specified sum to a person named in Letter of Credit (usually exporter from abroad). Letters of Credit are covered by rules framed under Uniform Customs and Practices of Documentary Credits framed by International Chamber of Commerce in Paris.
Limited Companies Accounts : Accounts of companies incorporated under the Companies Act, 1956 . A company may be private or public. Liability of the shareholders of a company is generally limited to the face value of shares held by them.
Lease Financing : Financing for the business of renting houses or lands for a specified period of time and also hiring out of an asset for the duration of its economic life. Leasing of a car or heavy machinery for a specific period at specific price is an example.
Letter of Credit : A document issued by importers bank to its branch or agent abroad authorizing the payment of a specified sum to a person named in Letter of Credit (usually exporter from abroad). Letters of Credit are covered by rules framed under Uniform Customs and Practices of Documentary Credits framed by International Chamber of Commerce in Paris.
Limited Companies Accounts : Accounts of companies incorporated under the Companies Act, 1956 . A company may be private or public. Liability of the shareholders of a company is generally limited to the face value of shares held by them.
Material Alteration : Alteration in an instrument so as to alter the character of an instrument for example when date, amount, name of the payee are altered or making a cheque payable to bearer from an order one or opening the crossing on a cheque.
Merchant Banking : When a bank provides to a customer various types of financial services like accepting bills arising out of trade, arranging and providing underwriting, new issues, providing advice, information or assistance on starting new business, acquisitions, mergers and foreign exchange.
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