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A development finance institution (DFI) Those i BANKING Public Sector Banks: A bank i s a financial institution that accepts deposits from public and creates credits. In India the Banking Sector is regulated by The Reserve Bank of India (RBI). Let’s understand the various types of Bank Deposits in brief:-
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FINANCIAL EDUCATION FOR YOUNG CITIZEN Kona Kona …
quiz.nism.ac.inSukanya Samriddhi Scheme 7.60% 21 Max Yes under Section 80C 250 1.5 Lac Tax exempt Tax exempt Liquidity is limited for all the products mentioned above. Fixed Deposits Product Return Risk Liquidity Tenure Tax Benefits Interest earn Maturity Ease Bank Fixed Deposits 4-6% Low High 7 days to 10 years Yes –for selective FDs only Taxable Tax
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quiz.nism.ac.inAsset based securitization A process that creates a series of securities which is collaterised by assets mortgaged against loans, assets leased out, trade receivables, or assets sold on hire purchase basis or installment contracts on personal property. Asset Management The function of managing assets on behalf of a customer, usually for a fee.
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www.niti.gov.inDevelopment Finance Institution – The budget provided for establishing a professionally managed DFI to act as a provider, enabler and catalyst of infrastructure financing. Subsequently, the National Bank for Financing Infrastructure and Development (NBFID) Bill, 2021 was passed. The bill enabled the creation of a