MIS

MIS PLAN | KALRATRI NIDHI PVT LTD

A Monthly Income Plan (MIP) is a type of mutual fund scheme that invests in debt and equity securities. An MIP aims to provide a steady stream of income in the form of dividend payments

 MIS in Banking Industry

A bank is understood as a place where the financial services such as checking/savings and providing credit to the customers are offered. The scope of this service in today’s world is expanded to a “Financial Services Super Shoppe”

where the banks have become an instrument in providing financial assistance to some activities as a policy or by regulation or for meeting sociology-economic obligations.
In banking also, the concept of the financial product has come in.

 The MIS should give following reports to the management:
  • The non-moving account.
  • The account was having the balance of more than, say Rs.50, 000.
  • The account was going down below minimum balance.
  • The defaults on loan repayment.
  • The delays on crediting cheque amounts.
  • Company will issue 10 shares (10/- Rs each) for FD Plan.

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