6 days ago In a series of sharing useful study material for upcoming banking exams. Today we are providing Banking Awareness handwritten notes in PDF. 6 days ago Banking Awareness PDF: we have gathered all the banking, finance and economy current NEWS PDF with related Q&A PDF at one place. Jan 23, download Current Affairs PDF - Click Here. Exams like IBPS and SBI contains banking awareness questions along with general awareness.
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Dear Readers, Here we have given the list of Banking Awareness topics to be covered for Bank & Other Competitive Exams. Candidates those who are. This Banking Awareness section will help you prepare for IBPS and SBI exams. Get Banking awareness PDF and FREE Android App for IBPS Modules and. Mar 11, Banking Awareness study notes for SBI IBPS PO, Clerk, IBPS RRB and other Banking Current Affairs PDF | June Banking Awareness.
The Reserve Bank manages currency in India. The Government, on the advice of the Reserve Bank, decides on the various denominations. The Reserve Bank can also issue notes in the denominations of one thousand rupees, five thousand rupees and ten thousand rupees, or any other denomination that the Central Government may specify.
There cannot, though, be notes in denominations higher than ten thousand rupees in terms of the current provisions of the Reserve Bank of India Act, Coins can be issued up to the denomination of Rs. Soiled and Mutilated Notes Soiled notes are notes, which have become dirty and limp due to excessive use.
Mutilated notes are notes, which are torn, disfigured, burnt, washed, eaten by white ants, etc. A double numbered note cut into two pieces but on which both the numbers are intact is now being treated as soiled note.
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Soiled notes can be tendered at all bank branches for and exchange obtained. Soiled or mutilated notes are fully payable against such notes. Payment of exchange value of mutilated notes is governed by the RBI under refund Rules, The public can get value for these notes as laid down in the Rules, after adjudication.
Currently, provisions exist for paying either full, half or no value as far as notes in the denomination for Rs. The responsibility for coinage comes under the Coinage Act, which is amended from time to time.
The designing and minting of coins in various denominations is also the responsibility of the Government of India.
Coins are minted at the four India Government Mints. Mumbai, 3. Saifabad Hyderabad , Cherlapally Hyderabad 4. Currency Notes: The design of banknotes is approved by the central government, on the recommendation of the central board of the Reserve Bank of India.
The current series of banknotes which began in is known as the Mahatma Gandhi series. Banknotes are issued in the denominations of Rs.
Currency notes are printed at the Currency Note Press in Nashik, 2. Bank Note Press in Dewas, 3. The notes introduced in were Rs. These notes were exchanged for Rs. The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in Though originally privately owned, since nationalization in , the Reserve Bank is fully owned by the Government of India. The Reserve Bank's affairs are governed by a central board of directors.
Objective: maintaining price stability and ensuring adequate flow of credit to productive sectors. Regulator and supervisor of the financial system: Prescribes broad parameters of banking operations within which the country's banking and financial system functions.
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Objective: maintain public confidence in the system, protect depositors' interest and provide cost-effective banking services to the public. Objective: to facilitate external trade and payment and promote orderly development and maintenance of foreign exchange market in India.
Issuer of currency: Issues and exchanges or destroys currency and coins not fit for circulation. Objective: to give the public adequate quantity of supplies of currency notes and coins and in good quality. Developmental role Performs a wide range of promotional functions to support national Objectives.
Banker to the Government: performs merchant banking function for the central and the state governments; also acts as their banker. Do you know the purpose of World Bank? Read More. Banking and Financial Awareness: Here in this post we will discuss some important questions regarding Bank Deposits.
Important Points What are the various types of PPIs? How much money can you send abroad?
What are the different types of NPA? What is the We have collected a list of mergers and acquisitions that have taken place in the Do you know about Debt and Equity Market? What is the difference between Debt and Equity Banking Awareness: What is Small Do you now about the Priority Sector Lending Certificate? What is Priority Sector?
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