Bank Account

Primary Functions of Banks: There are two types of primary functions performed by banks. Banking is the life blood of modern commerce. It has played a very important role in the economic development…

Nostro Account and Vostro Account 2020. Nostro Account is a Current account maintained by a domestic bank with a foreign bank in foreign currency. Vostro (your account) is an account maintained by a…

A demand draft is an order from one bank to another branch of the same bank to pay a specified sum of money to a person named there in or to his order. A draft is always payable on demand. Banks issue…

Saral Account Opening Form : BSE comes out with Saral account opening forms for Investors. BSE has announced the launch of 'Saral' or simplified account opening form for individual investors in the…

Central Bank: Central banking functions have evolved gradually over decades. Their evolution has been guided by ever changing need to find new methods of regulating, guiding and helping the financial…

what to do if money transferred into wrong bank account. Do not get upset about transferring money to banking / wrong bank account, bank will return money. Many times, due to hasty filling of wrong…

SBI Current Account: SBI is the largest lender in the country and has its headquarters in Mumbai, Maharashtra. The majority is owned by the Government of India. Consolidated report says that SBI had a…

Top Banks of India 2020. Name of Top Banks in India and Website Address. Find Complete List of Top Banks in India with there website Address or URL, Best Banks in India 2020. Get Full Name list of…

Cancellation of Demand Draft Guide: A person may buy a draft by paying the amount in advance to the bank. The bank then issues the draft. The purchaser of the draft then sends the draft to the payee's…

JIFI Account - Social Banking Savings Account, Day by day world is becoming a global village in this smart age. Technology driven services and operations have changed the lifestyle of mankind. Banking…

Top zero balance savings account in India 2020: Zero balance savings account are best suitable for those who cannot afford to maintain the minimum average balance in their account. Enjoying the…

Truncated Cheques: The current system of cheque clearing is paper based, involves the physical exchange of cheques. This movement has necessitated clearing cycles of 3 to 7 days. Even though 90% of…