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One of the services provided by banks to their customers is to collect the dues against Bills of Exchange from their customers on the due dates. Where the bills have been discounted the proceeds of such bills on due date are treated as incomes of the bank. On the other hand, if bills have not been discounted, the proceeds on the same on maturity are credited to the account of the customer. The particulars will be recorded in a separate book called Bills for Collection Register. Bills sent for collection have to be shown by way of Note as per Third Schedule.
On which date National Safety Day is celebrated annually?
What action might a government take to stimulate economic growth during a recession?
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How many strategic mineral blocks were enabled for auction under the amended MMDR Act, 1957?
RBI has imposed a penalty of ₹2.27 crore based on the deficiencies in regulatory compliance on which Bank?
What financial assistance does the ‘Shahid Madho Singh Haath Kharcha Yojana’ provide to tribal students in Odisha?
Indian customers using credit, debit, and prepaid cards will be free to switch their card networks between Visa, MasterCard, RuPay, etc., and vice versa...
Which statements are true about India's crude oil imports from Russia in June and public refiners' actions?
1. India's crude oil imports from Rus...
Consider the following statements regarding the One Station One Product scheme:
1. It is an initiative of the Ministry of Commerce
2. ...
Which public sector bank has recently launched the “Skill Loan” programme with the help of Kerala Government ?