NEGOTIABLE INSTRUMENTS ACT

NEGOTIABLE INSTRUMENTS ACT

Instruments Act, 1881 is an act in India dating from the British colonial rule, that is still in force largely unchanged.

The Act was originally drafted in 1866 by the 3rd India Law Commission and introduced in December, 1867 in the Council and it was referred to a Select Committee.

Meaning and Definition

A Negotiable Instrument means a promissory note, bill of exchange or cheque payable either to order or to bearer.

Bharat QR Transactions

Bharat QR


India has reached a new milestone in cashless transaction by launching BharatQR, the world's first interoperable payment acceptance solution. This is the second big ticket initiative from the Centre, after BHIM, towards pushing digital transactions.
How do you use BharatQR, and how will it change the way you transact? 

National Payment Corporation Of India

National Payment Corporation Of India

📌 INTRODUCTION

National Payments Corporation of India (NPCI) is a national level payment system which manages all types of electronic retail payments. It is owned by a group of promoter banks and was set up under the guidance and support of the reserve bank of India (RBI) and Indian banks’ association (IBA). The BHIM app, Unified Payments Interface (UPI) which aims at cashless society in the country is the recent work of NPCI.

OSCAR WINNERS 2017(89th Academy awards)

Actor in a Supporting Role

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•Mahershala Ali,Moonlight (WINNER)

•Jeff Bridges, Hell or High Water

•Lucas Hedges, Manchester by the Sea

•Dev Patel, Lion

•Michael Shannon, Nocturnal Animals

Difference Between Derivatives and Equity

 What is Equity?

Equity is a form of ownership in the firm and equity holders are known as the ‘owners’ of the firm and its assets. Any company at its stage of start-up requires some form of capital or equity to begin business operations. Equity is commonly obtained by small organizations through the owner’s contributions, and by larger organizations through the issue of shares. Equity may act as a safety buffer for a firm and a firm should hold enough equity to cover its debt.

The advantage to a firm in obtaining funds through equity is that there are no interest payments to be made as the holder of equity is also an owner of the firm. However, the disadvantage stands that dividend payments made to equity holders are not tax deductible. 

Paytm becomes Payments Bank

What you always wanted to know when Paytm becomes payments Paytm is an Indian payment and commerce company based out of Delhi NCR, India. Launched in August 2010, it is the consumer brand of parent One97 Communications. The name is an acronym for "Pay Through Mobile."



In 2015 Paytm received a license from Reserve Bank of India to start one of India's first payments banks. At the time, the bank intended to use Paytm’s existing user base for offering new services, including debit cards, savings accounts, online banking and transfers, to enable a cashless economy. The payments bank would be a separate entity in which the founder Vijay Shekhar Sharma will hold 51%, One97 Communications will hold 39% and 10% will be held by a subsidiary of One97 and Sharma.

Idioms & Phrases for upcoming govt examination

Idioms & Phrases,

1.Cry for the moon ------------------- Ask for the impossible2.Be in a tight corner ---------------- In a very difficult situation3.Cock and bull story ------------------ Made up story that one should not believe4.Cat and dog life -------------------- Life full of quarrels

100 Expected Static GK Questions Based on Previous Bank Exam

1). International Customs Day is observed on
a) January 26th
b) April 26th
c) November 26th
d) December 26th
e) None of the above
Answer: a)
2). On whose birth day National Sports Day is observed?
a) Dhyan Chand
b) BishansinghBedi
c) RangaSwamy
d) Dulip
e) None of the above
Answer: a)