Books and Authors

The Himalayan Face                                 - Shishir Gupta

Making Growth Happen In India              - V.Kumaraswamy

Editor Unplugged                                      - Vinod Mehta

Fragile Frontier                                          - Saroj Kumar Rath

How Modi won it                                       - Harish Khare

Colours of the Cage                                    - Arun Ferreira

The Underground girls of Kabul                - Jenny Nordberg

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