Dear sir/ Madam,
What is OTS/ written off/ Black list Accounts?
Menu
About OTS/ written off/ Black list Account
Replies (1)
-
OTS: A negotiated, discounted "full and final" settlement of a debt.
-
Written Off: An accounting move by the bank declaring a debt unlikely to be recovered; it remains a liability for the borrower and stays on your credit report as a negative record.
-
Blacklist: A security/compliance measure used to block individuals or accounts associated with fraud, illegal activity, or high-risk behavior.
Recent Topics :
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
Related Topics :
CAclubindia
