DOC-20240627-WA0002..pptx modern banking practices

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1. Modern Banking Practices

2. DOCUMENT OF TITLE TO GOODS Section 2 (4) of the sale of Goods Act defines a Document of title to goods as "A document used in the ordinary course of business as a proof of possession or control of goods authorizing or purporting to authorize either by endorsement or delivery, the possessor of the documents to transfer or to receive the goods thereby represented."

3. Essential requirements of Documents of title of goods

4. Stock exchange A stock exchange is an important factor in the capital market. It is a secure place where trading is done in a systematic way. Here, the securities are bought and sold as per well-structured rules and regulations. Securities mentioned here includes debenture and share issued by a public company that is correctly listed at the stock exchange, debenture and bonds issued by the government bodies, municipal and public bodies. Typically bonds are traded Over-the-Counter (OTC), but a few corporate bonds are sold in a stock exchange.

5. FD Receipt A fixed deposit is one of the most popular investment instruments in India as it offers security and guaranteed returns, exactly how most individuals prefer. In these accounts, you need to invest a specific amount in lumpsum for a fixed period of time ranging between 7 days to 10 years.