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SOUTH INDIA PAPER MILLS LTD

 *DONT MISS CHEAPEST PAPER STOCK WITH GOOD CONSOLIDATION BREAKOUT*


*SOUTH INDIA PAPER MILLS LTD ( 516108 )* ( ONLY BSE LISTED )


CMP 78.5


*TGT 84/89/93/99/108+++*


SL 70 ( CLOSING BASIS WILL FOLLOW 65 )


*BOOK VALUE 118*👌


*STOCK PE AROUND 7 ONLY*😨


*ROCE 12.6% & ROE 9.7%*


*PAYING HEALTHY & REGULARLY DIVIDEND SINCE 2007*👌


*FINANCIAL HIGHLIGHTS 9 MONTHS CURRENT YEAR V/S LAST FY 9 MONTHS*


*SALES* 155.73CR V/S 171.06CR


*PAT* 13.92CR V/S 12.76CR


*EPS* 9.28₹ V/S 8.51₹👌💪


▶️ DEBTOR DAYS HAVE IMPROVED FROM 71.36 TO 49.81 DAYS👁️


▶️ ,SOUTH INDIA PAPER IS ENGAGED IN THE BUSINESS OF MANUFACTURER OF PAPER, PAPERBOARDS, CARTONS, & POWER GENERATION


PLEASE CONSULT YOUR FINANCIAL ADVISOR BEFORE INVESTING MY IDEA IS ONLY FOR EDUCATION PURPOSE

Bank Nifty

 Buy banknifty 37000 pe 18feb

Cmp: 200

Target 250/300/350++

Sl 140

RTGS Full Form, Can a family member do a RTGS on my behalf with my signed cheque?


 RTGS Full Form

Real Time Gross Settlement is the full form of  RTGS. RTGS is a process what banks use to transfer funds between a bank account to another bank account. This process used to transfer funds for more then 2.00 Lakhs. 

RTGS Full Form
Image Source: Google.com
 

If a customer wants to transfer funds by RTGS, he provides Cheque of a sum of Rs. what he want to transfer by RTGS alongwith fully filled details of RTGS form to his banker:-

1. Cheque of a sum of Rs. along with RTGS form (duly Signed by Account Holder).

2. Full Name of Beneficiary.

3. Account Number of Beneficiary.

4. Beneficiary Bank's Name and Branch.

5. Beneficiary's Bank IFS Code.

6. Amount to be transferred (in figure and words).

 

Can a family member do a RTGS on my behalf with my signed cheque?

Due to security reasons, RBI don't allows to any third person / party to transaction in your bank account. Your bank also follow RBI Guidelines and never allow to third person for make transactions in your account.   

But in emergency cases bank allows to third person to make transactions on your behalf in your bank account. Like: Entry in Passbook, Bank Statement, Bank Balance Details, Transfer funds on your behalf etc. But bank will follow these steps when banks employees knows customer and the third person very well. Bank will follow orders of third person when he has a written application signed by customer. Bank only Transfer Funds on the request of third person, when he has written permission with signed cheque and RTGS / NEFT Form / Pay in Slip duly signed by customer. 

After checking above permissions bank also rights to confirm from account holder about his permissions to make transactions or any other work from his bank account.

 

After transferring  funds, bank will provide a 16 digits code to his customer, with this code customer can filter his payments to beneficiary's bank account.