Check list of Mortgage Loan

1. Application Form duly filled and signed by applicant/guarantor

2. Two Passport Size Photograph of applicant/co-applicant/guarantor.

3. Bank A/c Statement for last 6 months.

4. Personal Identification Proof (Any one)

 Ø Photo Identity Card issued by present employer

 Ø Electoral I-Card

 Ø Passport

 Ø Driving License

 Ø PAN Card

 Ø Aadhar Card

5. Residential address Proof (Any one)

 Ø Electricity Bill

 Ø Telephone Bill (Land Line)

 Ø Electoral/Voters ID Card

 Ø Passport

6. For Salaried Class:

Ø  Latest salary slips for the last 3 months with break up and duly attested by the employer and countersigned by the applicant.

Ø  Income Tax Returns along with Form No. 16 for last 3 years.

7. For Agriculturists:

Ø  Income certificate from appropriate authority like Tehsildar/SDO/BDO etc

8. For Others:

Ø  Income Tax Returns for last 3 years duly acknowledged by income tax authorities.

9. For Self Employed/ Professional:

Ø  Balance sheets and profit & loss accounts of the business/profession along with copies of individual income-tax returns for the last three years, certified by a chartered accountant.

Ø  A note giving information on the nature of business /profession, form of organization, clients, suppliers etc.

                                        " Also Read : Check List For Auto Loan "

In case of NRIs:

1. Copy of the employment Contract (If the contract is in any language other than English, the same       has to be translated into English and attested by Employer / Indian Embassy).

2. For Salaried:

Ø  Certified copy of the latest salary slips for the past 6 months.

For Self Employed/ Professional:

Ø  Balance sheets and profit & loss accounts of the business/profession along with copies of individual income-tax returns for the last three years, certified by a chartered accountant.

Ø  A note giving information on the nature of business /profession, form of organization, clients, suppliers etc.

3. Copy of the Identity card issued by the current Employer.

4. Copy of latest work permit.

5. Copy of the Visa stamped on the passport.

6. NRE Bank accounts pass book or statement of account.

7. Overseas Bank Account Statement for the last 6 months.

8. Bio-data covering educational qualifications, age, job experience, nature of profession/ business

etc., with necessary proof.

9. Guarantor forms along with net worth proof / income proof.

10. Undertaking from the employer for remittance of monthly installment, wherever feasible, if

stipulated in the sanction.

11. A salary certificate / income statement duly attested by our foreign office (including subsidiary

office) or certified by the competent authority available in the country may be produced. This

may also include Chartered / Certified Accountants, officials of Inland Revenue Dept. (similar to

Income Tax Authorities in India) or any other agency specified for the purpose. Wherever

attestation is not possible, this may be submitted duly notarized.

Property Related Documents:

· Original title deeds of the property offered for mortgage along with complete chain of title deeds

· Latest maintenance, Water Tax, Municipal Tax and any other such taxes paid receipt.

· Non encumbrance letter from Co-op Society (wherever applicable)

· Permission to create Equitable Mortgage from society / Development Authorities. (wherever applicable)

· Confirmation of society that Bank‟s lien on society records is noted. (wherever applicable)

· Any other documents specified by Bank‟s panel advocate in the legal opinion/ title clearance

report.

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Check list for Auto loan

List of Documents to be submitted by the Applicant for Auto loan

1. Application Form duly filled and signed by applicant/guarantor.
2. Form No. 135: Details of applicant, family, Assets & Liability (Annexure-13)
    (Investment Details with supporting Xerox documents like NSC, LIC, etc)
3. Two Passport Size Photograph of applicant/guarantor.
4. Proforma invoice (Quotation) issued by authorised dealer of the Vehicle company. Basic price, octroi (wherever applicable), Sales Tax / VAT, RTO charges, Insurance charges etc should be separately mentioned in the invoice issued by the dealer.
5. Photocopy of Pan Card
6. Personal Identification Proof (Any one)
 Photo Identity Card issued by present employer
 Electoral I-Card
 Passport
 Driving License
 PAN Card
 Aadhar Card
7. Residential address Proof (Any one)
 Electricity Bill
 Telephone Bill (Land Line)
 Electoral/Voters ID Card
 Passport
8. Income Proof:
For Salaried Class:
 Latest salary slips for the last -3- months with break up and duly attested by the employer and countersigned by the applicant.
 Latest Income Tax Return (or) Form No. 16 – For 1 year
For Others:
 Income Tax Returns for last -2- years
For farmers/agriculturists:
 Income Tax Returns for last -2- years
 Income certificate from local competent revenue authority (in case income tax returns not required to file)
9. Bank A/c Statement :
‒ Existing Existing customer : No
‒ New customer : Last 6 months
10. No fresh KYC for existing customers (account holder of minimum -6- months
11. Preferably E-KYC for other customers / Normal KYC compliance

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Process for opening BKCC account

Hello Friends, Here we know the process of Baroda Kishan Credit Card  ( BKCC )account opening in Finacle in a simple way -



Case Study

Principal Amount:          60,000/-
Loan Tenure:                  12 Month


A/c opening Date : 26.10.2016



Now use the menu: HOAACCC



Step 1.



Cust ID: Write the Customer ID of Borrower
Scheme Code : CC003 ..then click on treesàSubmit

              àCC003-Baroda Kishan Credit CardàSelect

                               Then àAccept


Step-2



General


Charge Level: Select from trees
Location Code: Select from trees as branch location
Mode of Operation: 001

è Validate

Interest Details

Int Credit A/C flag* - S - Original A/C

Next int. Calc Date Cr. - 31-03-2017
      (also write 31-12-16 , it is Half yearly/Quaterly as per saving a/c)

Next int Calc Date Dr. - 31-03-2017
    ( it is next half yearly date i.e 31-03 or 30-09 of next half year )

è Validate

Scheme Details


Nomination - No ( no one can give nomination in loan a/c normally)
Max. Allow limit - 60,000 ( as per application)
A/C Health Code - HC1 ( if not fill then write HC1)
Debt Ack. Date - 26-10-2016

è Validate

MIS Code


Sector code: - 10.  Agriculture
Sub Sector Code: DA- Direct Agriculture
Occupation Code: - Select from trees As per borrowers
Borrowers Category:- 77 Medium Farmer ( also selected from trees)
Purpose of Advances: 02401 @ Paddy
Mode of Adv: DA
Types of Adv: KCC
Nature of Adv: FSEC
Gurantee cover code: NA
Industry type: NA
Free Code 3: TF

è Validate

Account limit


Sanction Amount - 60,000
Sanction Date:-26.10.2016
Expiry Date- 26.10.2017 ( one year later)
Document Date: 26.10.2016
Review Date: 25-10-2017 ( one year later but one day before)
Sanction level: select from trees as per sanction letter
Sanction Authority: Select from trees as per sanction letter
Limit refence no:  writer as per sanction letter
Drawing Power: E-Equal

è Validate

Document


Document Code: 2
Received Date: 26.10.2016
Expiry Date:26.10.2019

è Submit

Write the temporary a/c number and forward for final verification.


Now we complete the all process and hope it will be helpful to you all while opening a Baroda Kishan Credit Card ( BKCC ) account. I welcome your comment if you want to share with me.


Thanks…!!!

also Read 

   " Process of Opening Car Loan in Finacle "

" Mock Test JAIIB/CAIIB "

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Promotion Calendar 2017 For Bank of Baroda Employee

Bank of Bank Announce the Promotion Calendar for the Year 2017 with the Tentative date of written test , Interveiw / GD and tentative of Result

PROMOTION CALENDAR

Plan of Activity – Promotion Exercise	Tentative Schedule		Tentative date of Declaration of Results
	Written Test	GD &/ Interview
From Clerical to Officer’s cadre in JMG/S-I	8th January, 2017	1st week of February, 2017	01st April, 2017
From JMG/S-I – MMG/S-II	15th January, 2017	2nd week of Feb, 2017	01st April, 2017
From MMG/S-II – MMG/S-III	15th January, 2017	2nd week of Feb, 2017	01st April, 2017
From MMG/S-III – SMG/S-IV	--	4th  week of Feb, 2017	01st April, 2017
From DGM to GM	--	Between 1st – 5th April 2017 (Any one day)	Same day of the interview
From AGM to DGM	--	Between 7th – 10th April, 2017 ( Any one day)	By 12th April, 2017
From CM to AGM	--	Between 15th – 25th April, 2017	By 30th April, 2017

For the Promotion Exercise being held in January-February, 2017, the business figures for December, 2016 for the respective Branch / Units shall be reckoned for evaluating the Business Performance.

 Wish you Best of Luck...!!!

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Exchange Rate Mechanism

There is two type of Exchange Rate Mechanism:

A. Direct quotation

B. Indirect quotation

a. Direct quotations:

Under a system of Direct Quotations, the exchange rates are quoted where the unit(s) of

Foreign currency remains constant, whereas the home currency units fluctuates : i.e.

USD 1 = Rs. 66.65

b. Indirect Quotations:

Under a system of Indirect Quotations, the exchange rates are quoted where the unit(s) of

home currency remains constant against variable units of foreign currency. i.e.

Rs. 100/- = USD 1.52

In India we follow the direct method of quoting exchange rates since August 1993.

Types of Rates:

(i) Cash / Ready:

When the deal is entered into and its settlement is done on the very same day then it is known as Cash / Ready Rate.(T + 0)

(II) TOM:

When the deal is entered into but the settlement is done on the next working day then it is known as TOM.(T + 1)

(iii) Spot Rate :

Where the settlement is to take place after two working days from the date of contract. It is termed as "SPOT RATE." (T + 2)

(iv) FORWARD RATES:

All exchange rates quoted, where the settlement is to take place after the spot rate are termed as "FORWARD RATES" (T + > 2).

Forward Rates are generally quoted as a margin against the spot rate for currency concerned. The margin may represent either "PREMIUM" or "DISCOUNT". There is a facility of settlement of forward contract either on a fixed date or with an option of settlement within a period agreed which can be maximum one months period.

Premium:

Premium is a value of exchange in excess of spot rate. In relation to forward exchange rate, it means that the currency is dearer for future delivery than for the spot delivery i.e. currency is dearer for forward purchase than the spot purchase.

Discount:

Discount is a value of exchange below spot rate. In relation to forward exchange rate, it means that the currency is cheaper for future delivery than for the spot delivery i.e. cheaper for forward purchase than the spot purchase.

LIBOR (London Inter-Bank Offered Rate):

LIBOR is a daily reference rate based on the interest rates at which banks offer to lend funds to other banks in the London inter-bank market. LIBOR is published by the British Bankers Association (BBA) at 11:00 A.M London time , every day, and is a filtered average of interbank deposit rates offered by designated contributor banks, for maturities ranging from overnight to one year.

SWIFT:

Society for Worldwide Interbank Financial Telecommunication is a co operative society created under Belgian law and having its corporate office at Brussels. It operates computer – guided communication system for transmission of international payment transfers messages in a secured system driven environment. Only authorized officials can access and decode the data / information / message

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