IBPS RRBs CWE II Results Out

Good News friends, as expected the Institute of Banking Personnel Selection (IBPS) has announced the results of IBPS RRB PO and IBPS RRB Clerks CWE II. These Common Online  Examinations were conducted by IBPS for the recruitment of Officers Scales I, II and III and Office Assistants on behalf of Regional Rural Banks (IBPS RRB CWE II) during the months September and October 2013. Now the organization has came out with the results. You can check your result from below link. You should enter your Registration Number / Roll Number and Passwords in-order to check your results.  You will get your marks within 15 days. All the Best :)

check your IBPS RRB CWE II Result from here

Update :

• Friends, if you get a message "you have secured the mimimum qualifying marks..... " that means you have cleared the exam. 
• Otherwise you will get the following message "We regret to convey that you have secured less than the minimum qualifying scores...."

04:33 - By Unknown 0

Characteristics Features of a Cheque

Friends, in our last post we have discussed about the introduction of Cheque. In this post we shall discuss some features / characteristics of a Cheque.

1. Instrument in writing : A cheque must be necessarily in writing. Oral orders to the bank to pay some money do not constitute a cheque. 
2. Contains an Unconditional Order : A cheque is an order to a particular bank to pay a particular sum of money. It should not contain any words of request like "please" or "kindly". It is also not necessary that the words 'order' must form a part of the writing because the word 'pay' itself denotes an order. The order must be unconditional. Any conditional order does not constitute a cheque.
3. Drawn on a Specified Banker : A cheque is always drawn on a particular banker only. Generally the full name and address of the bank is printed on the cheque. The cheque is encashable at the bank on which it is drawn. Even a cheque drawn on a particular branch cannot be encashed at another branch of the same bank unless there is an agreement between the parties.
4. Payee to be certain : To be a valid cheque, it must be payable to a certain specified person or to his agent or the bearer there off. Sir John Paget rightly pointed out in this regard that, "A normal cheque is one in which there is a drawer, a drawee banker and a payee or no "payee but bearer."
   
5. Order to Pay a Certain sum of Money " A cheque is usually drawn for a definite sum of money. Indefiniteness has no place in monetary transactions. That is the modern bankers insist on writing the amount both in fugures and words.
6. Payable on Demand only : A cheque is always payable only on demand. It is not necessary to use the word 'on demand' as in the case of demand bill. As per Sec. 19 of the Negotiable Instruments Act, unless a time factor is specified by the drawer, the cheque is alwayas payable on demand.
7. Signed by the Drawer : To be valid, a cheque should be signed by a customer who draws it. The drawer normally puts his signature at the bottom right hand corner of the cheque. When this signature differs from the specimen signature, the cheque will be dishonored. 

04:33 - By Unknown 0

IBPS Clerks III Online Exam Pre-Exam Training Call Letter / Admit Card Download

Friends, the Institute of Banking Personnel Selection (IBPS) has made the download links of  pre exam training Call Letters for IBPS Clerks III Online Exam available now. The training will be held from 9th to 16th November 2013. All eligible candidates for the pre exam training can download their call letters for the same from the below link. You should enter your Registration Number and Date of Birth / Password in-order to download your Pre-Examination Training Call Letter. All the Best :)

Download your pre exam training call letter for IBPS Clerks III from here

04:31 - By Unknown 0

Cheque - A Brief Introduction and Requisites

Sec.6 of the Negotiable Instruments Act defines a cheque as "A bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand". A cheque is defined as a bill of exchange. But it is different from a bill in many aspects. Chalmer rightly points out that, "All cheques are bills of exchanges but all bills of exchanges are not cheques".

Dr. Hard, in his Law of Banking defines a cheque as "an unconditional order in writing drawn on a banker signed by the drawer, requiring the banker to pay on demand a sum of certain in money to or to the order of a specified person or bearer and which does not order any act to be done in addition to the payment of money".

Simple Definition :In simple words we can say that "A Cheque is an order to a bank to pay a stated sum from the drawer's account, written on a specially printed form"

A cheque is also a bill of exchange with two additional features :

1. It is always drawn on a specified banker.
2. It is always payable on demand.

Here is a specimen of MICR Cheque

 

Requisites of Cheque :

1. Form of the Cheque : A cheque can take the form of an order written on an ordinary piece of paper. But generally the banks will supply printed cheque forms to the customer while opening the account and the customers as a rule must use only the printed cheque forms supplied only as that rule, if the order is made on piece of paper the bank will refuse payment.
2. Issue of Cheque : A cheque is said to be issued when the drawer parts it to another person. The issue of cheque is very important because the drawer is not liable on a cheque until he has issued it. Even if drawer is induced by fraud, it is deemed to be duly issued.
3. Dating of Cheque : A cheque is not invalid simply because it is not dated. But dating of a cheque is essential to find whether it is stale cheque or not. A stale cheque is one which is not presented for payment before three months from the date of issue of cheque. 
4. Payee : Where the cheque is payable to or order, it is essential to mention the name of the payee. If the drawer has not mentioned the payee's name, any holder of the cheque can insert the payee's name. Bank will dishonor a cheque presented without the name of the payee. 
5. Amount of the cheque : Amount of the cheque is to be stated clearly both in words and figures without leaving any space before and after teh amount stated to avoid any alteration of the amount.
6. Signature : The cheque must be properly signed by the drawer and it should tally with the specimen signature signed at the time of the opening account. If the drawer is illiterate, cheques can be drawn by; means of the thumb impression duly witnessed by a person known by the banker.
7. Delivery : Unless the cheque is properly delivered, the drawer does not become liable there on. Hence to make drawer liable, he must have delivered the cheque complete in all respects to the payee, with the intention that the amount is payable to payee or to his order. 

That's all for now friends. In our next post we shall discuss about the characters of cheques and the differences between cheques and bill of exchanges. Happy Reading :)

04:31 - By Unknown 5

REPCO Bank Probationary Officers / Junior Assistants Interview Results Out

Good News friends, the REPCO Bank Ltd (Repatriates Cooperative Finance and Development Bank Ltd) has announced the final results of Probationary Assistant Manager - Scale I Officers and Probationary Junior Assistants. Earlier the organization has conducted written exams for the recruitment of the above mentioned posts on 18th August 2013 and Interviews during the months September and October 2013. Now it has came out with the list of selected candidates in the interviews for the posts of of Officers and Junior Assistants. The Organization has been sending individual Appointment Orders to all the selected candidates. Check remaining details below. All the Best.

Check the Interview Results of Probationary Officers from here

Check the Interview Results of Junior Assistants from here

Thanks to Krishna Kumar for the update

04:30 - By Unknown 0

Results of Federal Bank Clerk Recruitment are out

Good News friends, Federal Bank of India, one of the major Indian commercial private sector banks, the fourth largest bank in India in terms of capital base has announced the list of shortlisted candidates for the interviews of clerks. Earlier the bank has invited online applications for the above mentioned posts from 12th to 26th September 2013 and conducted Aptitude test for the same on 6th October 2013. Now it has came out with the results of the Aptitude Test.

The bank has shortlisted 1243 candidates in total. Personal Interview for the candidates short listed will be held at various centers during the months of November & December 2013. Call Letters for the same will be available in bank's website soon. Candidates shall keep ready documents proving  their eligibility for the post such as proof of date of birth, certificates/ mark lists in support of educational qualification, domicile certificate etc. for producing at the time of attending the interview. You can check remaining details below. All the Best :)

Check the results of  Online Aptitude test for the post of Clerks from here

 Thanks to Sonu Patidar and Biswajit Mazumder for the update

04:30 - By Unknown 0

FCI Management Trainees Admit Cards / Call Letter Download

Friends, the Food Corporation of India (FCI), one of the largest Public Sector Undertaking organizations, which deals with with food grain supply - chain management, has made the download links of Admit Cards for the Management Trainees recruitment exam which is going to be held on 17th November 2013.  Earlier the organization has invited online / offline applications from eligible Indian citizens for the above mentioned posts form 2nd July 2013 to 31st July 2013. Now it has came out with the Hall Tickets / Admit Cards for the same. The organization has been mailing admit cards to all the candidates. If you have not recieved the admit card till now, you can download the same from below link. You should enter your Registration / Application Number and your Date of Birth to download your admit card. All the Best :)

Download your Admit Card of FCI Management Trainees Exam from here

Thanks to Sergio Ramosh for the update

04:29 - By Unknown 0