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NSDL Group comprises National Securities Depository Limited (abbreviated as NSDL), NSDL Database Management Limited (NDML) and NSDL Payments Bank Limited. NDML and NSDL Payments Bank are two subsidiary companies of NSDL. It provides services related to demat of securities, transfer and settlement of securities in Indian Securities Market.
Know your customer (KYC) guidelines and regulations in financial services require professionals to verify the identity, suitability, and risks involved with maintaining a business relationship with a customer. The procedures fit within the broader scope of anti-money laundering (AML) and counter terrorism financing (CTF) regulations.
It is an online storehouse of academic awards viz. certificates, diplomas, degrees, mark-sheets etc. lodged by academic institutions / boards / eligibility assessment bodies in a digital format. NAD not only ensures easy access to and retrieval of an academic award but also validates and guarantees its authenticity and safe storage.
In banking, a minimum daily balance is the minimum balance that a banking institution requires account holders to have in their accounts each day in order to waive maintenance fees. [1] This is not to be confused with the average daily balance, which is computed as the sum of daily balances in a billing period divided by the number of days.
According to the Federal Deposit Insurance Corporation (FDIC) chairman, Sheila C. Bair, looking back as far as the 1980s, "the FDIC applied workout procedures for troubled loans out of bank failures, modifying loans to make them affordable and to turn nonperforming into performing loans by offering refinances, loan assumptions, and family loan transfers."
Any change to the mortgage terms is a modification. Changes may include any of the following: a reduction of the yield (commonly referred to as the interest rate), an extension of the payment term, such as extending a 30-year term to a 40-year term, or a reduction of the principal balance of the loan.
FHA loan modification: There are a few options for an FHA loan modification, including an interest-free loan for up to 30 percent of your balance or a 40-year loan extension.