Bankers’ Handbook on Limitation Periods: Key Timelines Under the Limitation Act, 1963
The Limitation Act, 1963 prescribes specific time limits within which legal actions must be initiated. For banks and financial institutions, understanding these timelines is crucial for debt recovery, enforcement of securities, filing suits, and responding to customer claims. Failure to act within the prescribed limitation period may result in the claim becoming time-barred, rendering it…
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Compare Latest Bank Deposit Interest Rates in India: All Public & Major Private Banks at a Glance
Interest rates on bank deposits vary across institutions in India. To help you stay informed, we’ve compiled the latest deposit interest rates offered by all public sector banks and leading private sector banks. In the lists below, banks are arranged alphabetically under their respective categories —Public Sector Banks and Private Sector Banks. Next to each…
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Method of Calculating length of holding period for stocks and receivables
(A manufacturing unit needs to hold the stock of raw material, work-in-process, finished goods for a length of time in the workplace before dispatching the final products to the customers. This article explains how to calculate holding period for stocks and book debts collection) The working capital cycle (WCC) is the time it takes for…
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How much money can be sent abroad for education, treatment, employment, or a business trip?
[The article gives details of how much money in cash you can bring to different countries how much foreign currency can be purchased on cash payment, the purpose for which foreign currency can be purchased, Usage of cards on foreign travel, the limit for Indian currency that can be brought into India from abroad, the…
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Interview tips for jobs and promotions
An interview is a two-way communication process between a candidate and the interviewers. The objectives of an interview are to assess the candidate’s personality competencies such as attitudes, morals, enthusiasm, respect for others, friendliness, the level of acquired knowledge or information, etc., which cannot be assessed through a written test. The rationale behind conducting an…
Is it good idea to go for redevelopment of your buildings jointly with multiple societies?
In my previous post ‘how to get down to the redevelopment project of a housing society building,’ I explained what are all the precautions to be taken by the Society and its members before entering into an agreement with the builders/developers and what are all the important clauses to be included in the agreement. In…
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