Extensive collection of small denomination legal tender coin

Assignment Help Finance Basics
Reference no: EM132615857

Mr. Chandra, your next door elderly neighbor, is an avid coin collector who has an extensive collection of small denomination legal tender coins.

The pandemic and subsequent lockdown have been hard on him and he wishes to deposit his collection into his bank account. He has approached his home branch, which also happens to be in your neighborhood, several times since the month of April for the same but has been advised each time that such service (of deposit of small denomination coins) isn't rendered by the particular branch and he would have to visit the main branch of the city (which happens to be far away from Mr. Chandra's residence) for making the deposit.

Being a senior citizen, Mr. Chandra, isn't able to visit the main branch due to obvious concerns for his health in the present circumstances. Mr. Chandra has already made several representations of the matter (via email) both to his home branch and the Regional Office of the bank in the past three months but hasn't heard anything from them.

Advise Mr. Chandra as to what recourse he has. Where can he report this matter? What procedure is to be followed if he wishes to file a complaint against his bank?

Reference no: EM132615857

Questions Cloud

Provide the solutions to two potential outcomes : The Mudarib acquires 100 capital through a third party Mudaraba. The Mudarib invests 100 of his own capital into the project.
Find did eddie violate a criminal law or a civil law : Find Did Eddie violate a criminal law, a civil law, or both? Explain. Eddie has taken thousands of dollars from Betty business. As a result, Betty has suffered.
Explain how you will base your analysis : Explain how you will base your analysis on the Porter's Competitive Forces Model or the Albert Angehrn's ICDT Model to build a strategy to support and achieve
What is the firm cash conversion cycle : Brothers Breads has the following data. What is the firm's cash conversion cycle?
Extensive collection of small denomination legal tender coin : Mr. Chandra, your next door elderly neighbor, is an avid coin collector who has an extensive collection of small denomination legal tender coins.
Find how is data analytics different from statistics : Analytics tools fall into 3 categories:descriptive, predictive, and prescriptive. What are the main differences among these categories?
Estimate the cost of equity : Amresh is interested in estimating the company's WACC and has collected the following information:
What is the expected equilibrium return on portfolio : If the market risk premium is 9%, and the risk-free rate is 6%, what is the expected equilibrium return on this portfolio?
Npv profile-graphic method and check using irr function : Consider the XYZ Project, which requires an investment of $1.5 billion initially, with subsequent cash flows of $400 million, $500 million

Reviews

Write a Review

Finance Basics Questions & Answers

  What was the 3-year holding period return

The prices for IMB over the last 3 years are given below. Assuming no dividends were paid, what was the 3-year holding period return? Year Price 0 $ 70 1 64 2 68 3 80

  What are the four major asset classes

What are the four major asset classes? Distinguish between policy asset allocation and dynamic asset allocation ? What is meant by "market cap," and how does this affect common stock portfolio

  Determining the price elasticity of demand equals

This information indicates that the price elasticity of demand equals

  Evaluate the constant growth rate in perpetuity

Cell Phone Inc. is a cellular firm that reported net income of $50 million in the most recent financial year.

  Learned from marketing research

If you think that a business is marketing to you, what information do you think that they learned from marketing research?

  The annualized asset volatility is 10 according to the kmv

you are given the following information about a firm. the market value of assets at time 0 is 1000 at time 1 is 1200.

  Market capitalization rate

Under what conditions does r, a stock's market capitalization rate, equal its earnings ­price ratio EPS1/P0?

  How much must he deposit now in order to achieve his? goal

Juan can earn 5?% annual interest on a certificate of deposit. How much must he deposit now in order to achieve his? goal?

  Valerie bought 200 shares of able stock today able stock

valerie bought 200 shares of able stock today. able stock has been trading for some time on the nyse. valeries

  Capital investment and advanced manufacturing environment

‘‘Another million will only cut the payback to about nine years,'' retorted Bill. ‘‘Ron, you're the marketing manager-do you have any insights?''

  Derive the project free cash flows

Derive the project's free cash flows to the firm for each year of the proposed investment (including the initial investment outlay).

  Export patterns

You've been asked to research the export patterns of principal competitor, which include : Clorox (TM) , Colgate-Palmolive (TM), Dial Corporation (TM) , and Procter & Gamble (TM). Locate the annual report (and other information) for one of these c..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd