Ledger book of Recurring deposit आवर्ती ठेव लेजर बुक

Description

Get Ledger book of Recurring deposit today आवर्ती ठेव लेजर बुक

in premium quality from Bapuji Stationery Parel shop. Monday to Saturday 11 am to strictly 6 pm

Recurring Deposit Ledger for Society, Bank or other place

with Numbering and Indexing

For Housing or Credit, Trusts, NGOs, Unions (With Numbering and Indexing)

The ledger book of recurring deposit is with numbering and indexing

The columns in this recurring deposit ledger book are

• Name, and
• Address, and
• Birth date, and
• Monthly instalments, and
• Account number, and
• Date, and
• total investment, and
• Maturity, and also
• Instruction
• Other fields are as follows :
• Date, and
• Month, and
• Debit, and
• Credit, and
• Balance, and
• Initial, and also
• Interest

Recurring Deposit Journal Entry

It is a document that contains all the information related to a recurring deposit account, including the account holder’s name, deposit amount, interest rate, maturity date, and any other relevant details. In this article, we’ll explore the benefits of maintaining a Recurring Deposit Ledger Register Book in Maharashtra in the form of a listicle.

Easy Record-Keeping:

It provides an easy way to keep track of all the recurring deposit accounts maintained by an individual or a business. It helps to maintain a centralized record of all the deposits, making it easy to access and update the information as and when required.

Timely Payments:

It helps to ensure timely payments of the recurring deposit accounts. It reminds the account holder of the payment due date, helping them to make the payment before the due date and avoid any penalty charges.

Avoidance of Penalties:

It helps to avoid any penalties due to non-payment of the deposit account. It provides a clear record of the payment due date, helping the account holder to make the payment before the due date and avoid any penalty charges.

Better Financial Planning:

A Recurring Deposit Ledger Register Book helps to plan for future financial needs. It provides information about the payment due dates of the recurring deposit accounts, which can be used to plan for upcoming expenses or investments.

Taxation Purposes:

This ledger Book helps to keep track of the interest earned on the recurring deposit accounts, which is useful for taxation purposes. It helps to calculate the taxable income and file tax returns accurately.

Evidence for Legal Purposes:

It serves as evidence in legal disputes related to recurring deposit accounts. It provides a clear record of the deposit amount, interest rate, maturity date, and other relevant details, which can be used as evidence in case of any disputes.

Better Management of Investments:

It helps to manage investments efficiently. It provides information about the interest rates offered by different banks and financial institutions, helping to make informed investment decisions.

In conclusion,

This Ledger Register Book is an essential document for individuals and businesses maintaining recurring deposit accounts in Maharashtra. It helps to maintain a centralized record of all the recurring deposit accounts, ensuring timely payments and avoidance of penalties.

It also helps in better financial planning, taxation purposes, evidence for legal purposes, and better management of investments. Therefore, it is recommended that individuals and businesses maintain a Recurring Deposit Ledger Register Book to manage their recurring deposit accounts effectively.

The ledger book price is also put on this page

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learn here about housing society maintenance record books and co operative society fixed deposit interest rates 

From Brand Bapuji (since 1948)

What are the books maintained by banks in India?

Banks in India are required to maintain various books to keep track of their financial transactions and comply with regulatory requirements. In this article, we will explore the different types of books maintained by banks in India.

Cash Book:

The cash book is used to record all cash transactions, including cash received and cash payments.

General Ledger:

The general ledger is used to record all transactions related to the bank’s operations, including deposits, loans, and other financial activities. (available in shop)

Loan Register:

The loan register is used to record all the details of the loans extended by the bank, including the borrower’s name, loan amount, interest rate, and repayment schedule.

Fixed Deposit Register:

The fixed deposit register is used to record all the details of the fixed deposits made by the customers, including the deposit amount, interest rate, and maturity date.

Saving Account Register:

The savings account register is used to record all the transactions related to savings accounts, including deposits, withdrawals, and interest credited. (available in shop)

Current Account Register:

The current account register is used to record all the transactions related to current accounts, including deposits, withdrawals, and charges.

Cheque Register:

The cheque register is used to record all the details of the cheques issued by the bank, including the cheque number, date, and amount.

Banker’s Book Evidence Register:

The banker’s book evidence register is used to record all the transactions related to legal disputes or court cases.

Foreign Exchange Register:

The foreign exchange register is used to record all the foreign exchange transactions carried out by the bank, including the purchase and sale of foreign currencies.

Investment Register:

The investment register is used to record all the details of the bank’s investments, including the type of investment, amount invested, and expected returns. (inquire by phone)

In conclusion,

Banks in India maintain a variety of books to keep track of their financial transactions and comply with regulatory requirements. These books include the cash book, general ledger, loan register, fixed deposit register, savings account register, current account register, cheque register, banker’s book evidence register, foreign exchange register, and investment register.

By maintaining these books, banks can manage their funds more efficiently, ensure regulatory compliance, and provide reliable financial services to their customers.

See the books, ledgers and registers to be maintained by banking companies here