Deposits with Banks#!#Cheque Payments

What Was Used Before Money?|Currency|Deposits With Banks|Cheque Payments|OMR|Summary

What Was Used Before Money?|Currency|Deposits With Banks|Cheque Payments|OMR|Summary

What Was Used Before Money?|Currency|Deposits With Banks|Cheque Payments|OMR|Summary

Introduction|Why Transactions Are Made in Money?|Barter System|What Was Used Before Money?|Deposits With Banks|Cheque Payments|Loan Activities of the Bank|Reserve Bank of India|Self-Help Groups of the Poor

Question Solving |Revision Of Previous Topics|Cheque Payments|Loan Activites Of Banks|Two Different Credit Situations

Payments banks are a new model of banks conceptualized by the Reserve Bank of India (RBI). These banks can accept a restricted deposit which is currently limited to INR 1 lakh per customer account. How much amount minimum capital has requirement for Payments banks?

Form the folloing informantion suplied by suplied by Snajay, prepare his Bank Reconciliation statement as on Decmber 31, 2016. ₹ (i) Bank overdraft as per pass book 16,500 ltbvrgt (ii) Cheques issued but not presented for payment 8,750 (iii) Cheques deposited with the Bank but not collected 10,500 (iv) Cheques recnded in the cash book not sent to the bank for collection 2,000 (v) Payments received from customers directly for the bank 3,500 (vi) Bank charges debited in the pass book 200 (vii) Premium on life policy of Sanjay paid by the bank on stnding advice 1,980 (viii) A bill for ₹3,000 (disconted with the bank in November) deshonoured on December 31,2016 and nothing charges paid by the bank 100

From the following information supplied by Sanjay prepare his Bank Reconciliation Statement os on 31st March , 2019 {:(,,Rs.),((i), "Bank overdraft as per Pass Book.","16,500"),((ii),"Cheques isued but not presented for payment.","8,750"),((iii),"Cheques deposited with the Bank but not collected.","10,500"),((iv),"Cheques recorded in the Cash Book but not sent to the bank for collection.","2,000"),((v),"Payment received from customoers directly by the bank.","3,500"),((vi),"Bank charges debited in the Pass Book.","200"),((vii),"Premium of life policy of Sanjay paid by the bank on standing advice.","1,980"),((viii),"Ab bill for Rs.3,000 (discounted with the bakn is February ) dishonoured on 31st March, 2019 and noting charges paid by the bank.","100"):}