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Daily Archives: December 16, 2024

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‘Digital Arrest’ Scam: NPCI alerts UPI users

Bank NewsBy Surendra NaikDecember 16, 2024

NPCI warns users about the rising ‘Digital Arrest’ scam targeting UPI users, in which scammers posing as officials use fear tactics to extract money or sensitive data. Be cautious if someone who claims to be from government agencies like the police, CBI, income tax officers, or customs agents, contacts you. The ‘Digital Arrest’ scam is…

Principal Books of Account maintained in banks

AccountingBy Surendra NaikDecember 16, 2024

Books of Accounts include documents and books used in the preparation of financial statements. It includes journals, ledgers, cash book,s and subsidiary books. The principal book of accounts in a bank is the General Ledger (GL), which is also known as the book of final entry. Banks maintain a general ledger that summarizes all financial…

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