.

FATHIMA JENIFEP T
NAME
BcoM PROFECS (oSAL AccouNTING
COURSE

SuBTeCT1 BIL
ROJL No. '216MPAIU

3 0 - 0 - 2.023
DATE

No.
Assiqnment
 BANKING AND INSURANCE

BANKS

The loants amd

Yoss @ulpu
8 estimat ed
O
Similar financal Inshtutton
actual env Ce
n Components vi2,
the
senvice chayges
changes and fmput ed
Senv te charqe
The conte Pt nputed
shmaton
and its met hodolbg
poraqraphs
discwysed t the Sabseoauent

sector
is estmated
The GDP Yom ths

by tntome metnod ustng hapidlu

maut ertal
fo e ath o
aNoulable eouYce

the Such secko

InsvRANCE
s u a n ce
The1e aTe towo tpes o

=) ife tnsuOnce

=) Non- Fife lnsunancee

a.chvihu wheg bu
Afe nsunonte t an

ments
pollu hold ey makes req
ulaY pCL
to av quo1antets
to pYovide th poliuy
hold ey dies
betor ehand.
Non life Inuyon te toverk a11 he OrtoeY
ihs aticden, sicknew, ive , etc.
Common Tems Used Ln Bonknnq

Atount Balonte
Adustable Rate

*Avculoble alance

NEF1

dinked Attount

B a s e Rate

qui dity
Bank Rate

PpebtoYs

A ccount Baland

totcat Cumount o CLU uncs

*uncdu
The
the

n yous attount
 Adjustable Rate
A Rate o nterest that Can v0TU
ounma the tenms o the loan

Assets
Any
Any pey sonal po sse ssto o Vauu

This also Includes Cath eal asset and

nvest ment

Avaulable Bal ance

The amount unds m our

outtount rea d y oY mmedi ate with

drawa
NEFT
to ansfer
NeFT fs On elettoni means

to anothey
MOney Rom one bank

OY with the Same bTanch pepen clmo

an d the
on bonk, NeFT nor ges

Omount that Con

Minimu m
0nSfeYyed ma
inked Actount
An atcount hal mked 4o
unds
the PUY po se
youy C Ctount foY

honsfe s CcLled ntedactount

iqui dity
an astet m
he
e abilihy to sell

the uithout 6echmq

moy ket
prte called tiqui dlty
eank Rate

that RBI
This Rate tntere st
wISh to
evtes Banks they

bomou moneu

Debtors
tndi vidual ar

A debtors S an
to
to the
The
Owes
money
Oyqani SOtmOn that
inancuol

bonk 01 any othey States e

Insthtution