Bank Account

Bankers Cheque: A cheque which is payable by a bank itself, as opposed to an ordinary cheque payable only out of the funds of a particular customer's account. A bank cheque is normally obtained by a…

NRE Account, NRO Account : What is NRE and NRO account? Non resident Indians might have faced a situation where they have to maintain a bank account India. there are many queries related to NRE and…

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…

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…

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…

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…

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…

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…

Minor Bank Account - Recently I have come across an incident by which I realized that many parents in India are not aware that their children who are of 10 years above can open a Bank account without…

Auto Sweep Bank Account 2019 - Introduction, Benefits, Terms. Understanding What Is An Autosweep Bank Account. Every one of us has a saving account in one or the other bank. The bank offers us…

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…

All about Account Payee Cheque Vs Crossed Cheque: Difference between Account Payee Cheque and Crossed Cheque. Before we go too much into detail about account payee cheque & crossed cheque, it is…