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Portable Bank Account, Vijaya Krushna Varma Mr Dec 2009

Portable Bank Account, Vijaya Krushna Varma Mr

VIJAYA KRUSHNA VARMA Mr

Varma suggests radical bank reforms to usher in fully liberalized and transparent economic system. The time has come to radically reform banking sector to the ultimate level where there will be no NPAs, unemployment, black money, fake currency, economic recession and corruption. The government should liberalise the banking sector to establish a bank branch at every village or colony having population of 2500 so that each bank shall handle approximately 2000 accounts. The main objectives of fully liberalised banking sector are as follows* To give every citizen above the age of 15 years a portable bank savings account with permanent …


Portable Savings Account Module, Vijaya Krushna Varma Mr Feb 2009

Portable Savings Account Module, Vijaya Krushna Varma Mr

VIJAYA KRUSHNA VARMA Mr

Portable savings account is an involuntary tax paying account. Citizens need not maintain separate account books for paying either Direct taxes or Indirect taxes. Citizens need not submit tax returns annually. There will be no expenditure cost for the government for collecting taxes.


Functional Programs For Money Changes In Banking System, Vijaya Krushna Varma Mr Feb 2009

Functional Programs For Money Changes In Banking System, Vijaya Krushna Varma Mr

VIJAYA KRUSHNA VARMA Mr

Varma developed new banking system for auto adjusted money supply without any external regulators.


Bank Account Module, Vijaya Krushna Varma Mr Feb 2009

Bank Account Module, Vijaya Krushna Varma Mr

VIJAYA KRUSHNA VARMA Mr

Bank account module is designed and developed by Varma for new banking system. This new bank account module will help banks to know their profits at any time. This module will halt non performing assets