Page-5 of Archives: April, 2010
Current Affairs April 14, 2010
Awards & Honors:Wisden Cricketer of the Year – Virender SehwagVirender Sehwag has been named ‘Wisden Cricketer of the Year’ for the second successive time for scoring ”more quickly...
Insurance Riders
Insurance riders are additional provisions or benefits that can be attached to a standard insurance policy—most commonly life, health, or accident insurance—to provide extra protection or customised coverage...Insurance: Free Look Period
Free look period is a fortnight given to a new insurance policy holder to examine the life insurance contract that he has signed. In case he does not...
Plastic Money
Plastic money refers to various forms of payment cards made of plastic that act as a substitute for cash transactions. It includes credit cards, debit cards, prepaid cards,...
Credit Score
A credit score is a numerical representation of an individual’s or organisation’s creditworthiness, reflecting their ability to repay borrowed money based on past financial behaviour. It is a...Bank Deposits: Insurance Cover
All deposits upto Rs 1 lakh in a commercial or cooperative bank in India are insured by the Deposit Insurance and Credit Guarantee Corporation of India DICGC. The...
No Frills Account
A No Frills Account refers to a type of basic savings account introduced by banks to provide affordable banking services to low-income groups and financially excluded sections of...
Bank Accounts Nomination Facility
The Nomination Facility in Bank Accounts is a provision that allows an account holder to appoint one or more persons to receive the proceeds of their account in...
Banking Ombudsman
The Banking Ombudsman is a quasi-judicial authority established by the Reserve Bank of India (RBI) to redress customer grievances against banks in India. It provides an inexpensive, impartial,...Banking Codes and Standards Board of India (BCSBI)
BCSBI is an independent and autonomous body set up by RBI to ensure that comprehensive code of conduct for fair treatment of customers was evolved and adhered to....
