Banking Term - Demat Account

DEMAT ACCOUNT
                DEMAT means DE-Materialized. Demat Account concept has revolutionized Capital Market of India.  we can able to buy or sell shares and debenture in electronic form through the Demat Account. if we want to invest money in capital market he need a Demat Account. Investor can easily withdraw or purchase shares through this account.

Insurance Awareness - Insurance Repository

Insurance Repository
              Insurance Repository means a company formed and registered under Company Act 1956 and is granted a certificate registration by Insurance Regulatory and Development Authority of India (IRDAI) for maintaining data of insurance policies as electronic form on behalf of Insurer.
              To implement Insurance Repository System IRDA granted permission to 5 entities to act as Insurance Repositories.

• NSDL Database Management System
• Central Insurance Repository Ltd
• SHCIL Projects Ltd
• CAMS Repository Service
• Karvy Insurance Repository Ltd

              

Capital And Currency - Bhutan

BHUTAN

Capital : Thimphu

Currency : Ngultrum, Indian Rupee

King : Jigme Khesar Namgyel Wangchuck

Prime Minster : Tshering Tobgay

Language : Dzongkha

Central Bank : Royal Monetary Authority of Bhutan

Banking Awareness - Balanced Budget

Balanced Budget
          It is a situation in which planned expenditure equals expected income. In public finance it refers to a situation where current Income from taxation and other receipts of central government are sufficient to meet payments for goods and service, transfer payment and debt interest.

Country and Capital - Nepal

Nepal

Capital : Kathmandu

Currency : Nepalese Rupee

President : Ram Baran Yadav

Prime Minister : Sushil Koirala

Language : Nepali

Central Bank : Nepal Rastra Bank