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Know Your Family Tree – KYFT

Courtesy Wikipedia Org You (1) know the name of your biological father and mother and your father (2) and mother (3) will be knowing the names of their respective biological father (4 and 5) and mother (6 and 7). Your maternal and paternal grand father might be knowing the name of their respective father and […]

Unclaimed Fixed Deposits with Banks – Legal heirs of a Deceased Customer

Here is a Real Life Story of legal heirs of a deceased, who successfully managed to claim a matured fixed deposit along with compound interest after 15 years wait. What happens when someone, in absence of a nominee, dies before the fixed deposit is matured ? Most of the times, the legal heirs are clueless as to what […]

Government Sectors are better than Private Sectors

It is a hard fact that in a country like India Government Sectors are better than the Private Sector. Liberalization Process started in 1991 that is after 44 years of independence. If we calculate the same term that is 44 years after 1991 it will be the year 2035 that is 22 years hence. You […]

Bankers Alert ! Arbitrary Closing of Customers’ Account

Arbitrary  closing of bank accounts of customers for non compliance or some shortcomings in compliance with the KYC – Know Your Customer Guidelines by banks may land them in trouble as the recent verdict of the consumer forum Delhi, it tantamount to deficient customer service and may land the concerned bank in trouble and getting penalized. A Delhi […]

Know Your Polling Station – India Elections 2014

Chief Election Officers in every state and all union territories are providing the following facilities to the electorate of India through direct SMS on the mobile numbers of the voters: To know your polling station by sending SMS to designated numbers in each parliamentary constituency. For example as per Chandigarh Election Helpline one has to […]

Know Your Customer – KYC

The concept of Know Your Customer of KYC was introduced in the Banking Industry through out the world to keep check on terrorist activities being funded by the terrorists groups and organizations through Banking Channel as it is a hard fact that if the supply line of any militant group or organization is cut off […]

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