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06 Feb 2021 09:36
IBPS Clerk Mains Admit Card 2021: Download Now
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05 Feb 2021 06:11
Highlights of Bi- Monthly Monetary Policy Committee (MPC)
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ExamsCart SSC Exam Banking UPSC Railway Police
31 Jan 2021 13:21
🛑Monthly Current Affairs PDF January 2021: The Hindu Review January 2021🛑
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29 Jan 2021 10:58
SBI PO Mains Exam Analysis And Review 2021 with Questions asked in GA
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27 Jan 2021 11:50
🛑General Awareness Full Length Mock for RRB Officer Scale 1 Mains Exam🛑
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25 Jan 2021 11:31
🔴RBI Grade B 2021 Notification Out: Check Complete Details
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21 Jan 2021 13:35
IBPS RRB Office Assistants Result 2020-21 Out
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19 Jan 2021 03:16
IBPS RRB PO Mains Admit Card 2021: Download Now
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ExamsCart SSC Exam Banking UPSC Railway Police
19 Jan 2021 03:16
🔷Banking Term of the Day🔷
♦️Gilt Accounts♦️
➖A “Gilt Account” means an account opened and maintained for holding Government securities, by an entity or a person including ‘a person resident outside India’ with a “Custodian” permitted by the Reserve Bank of India to open and maintain Constituent Subsidiary General Ledger Account with the Public Debt Office of the Reserve Bank of India. However, in case of a ‘Person resident outside India, the activities in the operations/maintenance of Gilt Account shall be governed by the Foreign Exchange Management Act, 2000 and the regulations
framed thereunder.
➖A “Constituent” or a ‘Gilt Account Holder (GAH) means an entity or a person including ‘a person resident outside India’ maintaining a “Gilt Account” with a “Custodian”.
➖The GAHs permitted by RBI include NBFCs, Provident Funds, Pension Funds, Mutual Funds, Insurance Companies, Cooperative Banks, Regional Rural Banks, Trusts, Corporates, and Individuals etc. who are non-NDS members. A GAH is entitled to open only one Gilt Account having a unique account number with any of the Custodians. A declaration to that effect must be submitted by GAH to the Custodian and a copy thereof may be submitted to the RBI (Public Debt office, Mumbai). A GAH may also maintain a demat account with the Depositories through Depository Participant (DP) for facilitating retail trading in Government Securities through Stock Exchanges.
➖The Gilt Account Holder (GAH) is permitted to maintain a fund account with its Custodians or designate a fund account with a bank other than the Custodian specifically for settlement of Government Securities transactions, by making available all the details of the designated fund account to the Custodian. The Gilt Accounts are opened/maintained by Custodian shall satisfy the eligibility conditions for holding Government securities as specified in the General Notifications F.No. 4(9)-W&M/ 2000 dated 6th May 2002 and announcements by the RBI relating to investments by Foreign Institutional Investors (FIIs).
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ExamsCart SSC Exam Banking UPSC Railway Police
19 Jan 2021 03:16
🔰Word of the Day (Tuesday, 19 January 2021)🔰
♦️Complacent (Adjective)♦️
Ⓜ️Meaning: feeling too satisfied with yourself or with a situation, so that you think that there is no need to worry (अपनी उन्नति से अति-संतुष्ट व निश्चिंत)
🔹Synonyms: careless, casual, unconcerned, uninterested, apathetic, perfunctory; smug, satisfied, pleased, contented
🔸Antonyms: dissatisfied, humble
Example Sentence:
➖No one in industry can afford to stand still and be complacent.
➖You can’t afford to be complacent about security.
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