Capital and Currency - Switzerland

SWITZERLAND

Capital : Bern

Currency : Swiss Franc

President : Didier Burkhalter

Prime Minister : Hassanal Bolkiah

Language : German, Romansh, French, Italian

Banking Term - Affinity Card

AFFINITY CARD
       Credit card linked with a special organization like sports club, exclusive club and charities. These cards help in raise funds when a part of income from every transaction goes towards the benefit of relevant organization.

Capital and Currency - Maldives

MALDIVES

Capital : Mali

Currency : Maldivian Rufiyaa

President : Abdulla Yameen

Prime Minister : Mohamed Nasheed

Language : Dhivehi

Banking Awareness - Overdraft

OVERDRAFT
       An Overdraft is an advance given by allowing a customer to overdraw his current account upto an agreed limit. the overdraft facility is allowed in Current account and Pradan Mandri Jhan Dhan Yojana Accounts. the security for an overdraft account may be shares, debentures, government securities, life insurance policies or Fixed deposits.

      The Overdraft differs from Cash Credit by two aspects
           1) Security
           2) Duration

   For Cash Credit the security offered is current assets of business such as inventories of raw materials, goods in process or finished or receivable goods.

  For Overdraft the security will be in the form of financial assets held by the borrower.

  The Overdraft is temporary facility and cash credit is Long run facility.

  The rate of Interest in Overdraft is low compared to Cash Credit

Forth National Photography Award

Lifetime Achievement Award - Surendra R Patel

Professional Photographer of the Year - Swar Dutu

Amateur Photographer of the Year - Sasi Kumar

Special Mention Award in Professional Category - Jayesh Navinchandra Shah, Atul Vasanth Gha Pravin Rawat, Arvind Kumar Jain, Umesh Nikam

Special Mention Award in Amateur Category - Joydeep Mukherjee, Akhil Hardia, Nimai Chand Ghosh, Mukesh J.Thakkar, Tabeenah Anju Qureshi.\