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Bank Account

Minor Bank Account

Minor Bank Account: Maturity and other Detailed Information

Updated on: March 25, 2023

Minor Bank Account – Recently I have come across an incident by which I realized that many parents in India are not aware that their

Bankers Cheque

Bankers Cheque: Meaning, Advantages of Banker’s Cheques

Updated on: March 24, 2023

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

Demand Draft

Demand Draft: Meaning, Parties Cancellation of Draft Duplicate DD

Updated on: March 21, 2023

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

Nostro Account and Vostro Account

Nostro Account and Vostro Account : All you need to know

Updated on: March 18, 2023

Nostro Account and Vostro Account 2022. Nostro Account is a Current account maintained by a domestic bank with a foreign bank in foreign currency. Vostro (your account) is an account

Deposits

Deposits Types: Demand, Current Deposits, Savings Account

Updated on: March 18, 2023

Deposits: The most important activity of a commercial bank is to mobilise deposits from the public. People who have surplus income and savings find it

Auto Sweep Bank Account

Auto Sweep Bank Account: What is?, Introduction, Benefits

Updated on: March 11, 2023

Auto Sweep Bank Account 2022: Introduction, Benefits, Terms. Understanding What Is An Autosweep Bank Account. Every one of us has a saving account in one

Bank Account for Kids – Steps to Open Kids Savings Account

Bank Account for Kids: Steps to Open Kids Savings Account 2023

Updated on: March 2, 2023

Bank Account for Kids – Steps to Open Kids Savings Account, How to open bank account for Kids. Steps to open Bank Account. Nowadays the

Truncated Cheques

Truncated Cheques: Meaning, Benefits for Banks & Customers

Updated on: February 20, 2023

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

Account Payee's Crossing

All about Account Payee Cheque Vs Crossed Cheque 2023

Updated on: February 16, 2023

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

General Utility Functions of Bank

General Utility Functions of Bank, General Functions of Bank

Updated on: February 14, 2023

General Utility Functions of Bank: Besides the above mentioned agency functions, banks perform many other functions which are of general usefulness to the customers. These

what to do if money transferred into wrong bank account

what to do if money transferred into wrong bank account

Updated on: January 28, 2023

what to do if money transferred into wrong bank account. Do not get upset about transferring money to banking / wrong bank account, bank will

Agency functions of Bank

Agency functions of Bank: List of Agency Functions of Banks

Updated on: January 23, 2023

Agency functions of Bank: Agency functions are those services that banks provide to their customers for which they receive some income. Thus, these functions add

Cancellation of Demand Draft

Cancellation of Demand Draft | Procedure or Rules for DD

Updated on: January 13, 2023

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

Primary Functions of Banks

Primary Functions of Banks: List of all functions of Banks

Updated on: January 9, 2023

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

Duplicate Demand Draft

Issue of a Duplicate Demand Draft – Rules for duplicate DD

Updated on: January 8, 2023

Issue of a Duplicate Demand Draft: A draft is a bill of exchange and the purchaser of the draft is entitled to a duplicate thereof

NRE Account, NRO Account

NRE Account, NRO Account: Eligibility, Features, Taxation

Updated on: January 4, 2023

NRE Account, NRO Account : Non resident Indians might have faced a situation where they have to maintain a bank account India. There are two

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