Page 36 - Banking Finance February 2021

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file downloaded from CERSAI portal.
For update news on Banking & Finance Industry
Y Any employee of the entity can perform this activity. BANKING FINANCE

Y No need to have a CERSAI ID / Password.
A Leading Monthly Journal on Banking & Finance
Y No need to have a valid Digital Signature. Covers Schemes
Y Most of the data validations applied for correct details RBI Banking 1 Year 990
Finance Rural/Co-op 3 Year 2040
to be recorded.
Stock Market Risk Management 5 Year 3060
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Y One file to have one record but many files can be Subscribe Now !!
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prepared simultaneously for different records.
Y Details of the Offline file, prepared as above, will be ORDER FORM
uploaded in CERSAI by an authorised User of the entity
New Rental Subscription No.
using their ID and Password and a valid Digital (Please tick)
Signature. Name of Executive :
4. Revenue Management System (RMS) Designation:
Y Threshold Limit - Entities will setup a threshold limit of Company's Name :
balance in their accounts in CERSAI depending upon Address :
their projected number of transactions. System will
Pincode :
notify them in case the balance reaches below the
Phone : Mobile :
threshold. Transaction will be allowed until the account
balance becomes ZERO. Fax : E.Mail :
Publication Order :
In brief we have discussed about the salient features of *Scheme Opted : No.of Copies
CERSAI, an important risk mitigator tool available in the (Please mention the scheme name example : It-1, Lit-1 or Combo 4-1)
hands of the lender as well as to general public. The Period of Subscription : From to
objective is to ensure whether the property in question is
Details of payment : Cash/M.O./D.D./Cheque* No
free from encumbrance or not.
Dt drawn Rs.
We all know that the risk is an integral part of the banking
activity in general and lending in particular. We do our level Ordinary Registered Post (Please tick)
best to mitigate this inherent risk and for this we are having *For outstation cheque please add Rs.50/- towards bank charges.
the different tools available. CIBIL provides us the idea about Outstation cheques of metro cities accepted only. No Charges ap-
plicable for payable at per cheques.
the character and willingness of the proposed borrower, like
wise CERSAI reflects about the quality of the security. Do not make any Cash Payment
for Subcription of Journals Signature of Subcriber
The objective behind this Due Diligence is to make sure that Please tear and send it along with your letter
the 'Asset -Financed' remains standard and performing. We
must also remember that no tool is sufficient if it's used in Mode of Payment
isolation, meaning by CERSAI or CIBIL or any other risk 1. Payable at per Cheque/Demand Draft favouring Sashi Pulbications
mitigation tools available to us are "one of the tool and not Private Limited, Payable at Kolkata
the only tool", we must not forget to cross - check all the 2. You can directly ECS/Deposit cash in our bank account number
information available or provided to us before arriving at below in your city and send us copy of Pay in slip by email.
A/C Name : Sashi Publications Private Limited
any credit - decision.
A/C No. : 402120110000327
Bank : Bank of India
"Well begun is half done" - Aristotle. Branch : V V K Road Branch., Kolkata, India
IFSC Code : BKID0004021
Source: Make Online Payment by Credit Card/Debit Card or your net banking
CERSAI portal, RBI notification. T account at our website www.sashipublications.com

36 | 2021 | FEBRUARY | BANKING FINANCE