Minor Bank Account: Maturity and other Detailed Information
Minor Bank Account – Recently I have come across an incident by which I realized that many parents in India are not aware that their
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Nostro Account and Vostro Account : All you need to know
Nostro Account and Vostro Account 2023. Nostro Account is a Current account maintained by a domestic bank with a foreign bank in foreign currency. Vostro (your account) is an account
Auto Sweep Bank Account: What is?, Introduction, Benefits
Auto Sweep Bank Account 2023: Introduction, Benefits, Terms. Understanding What Is An Autosweep Bank Account. Every one of us has a saving account in one
Demand Draft: Meaning, Parties Cancellation of Draft Duplicate DD
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
Bank Account for Kids: Steps to Open Kids Savings Account 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
Bankers Cheque: Meaning, Advantages of Banker’s Cheques
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
Deposits Types: Demand, Current Deposits, Savings Account
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
Truncated Cheques: Meaning, Benefits for Banks & Customers
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
All about Account Payee Cheque Vs Crossed Cheque 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 Functions of Bank
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. Do not get upset about transferring money to banking / wrong bank account, bank will
NRE Account, NRO Account: Eligibility, Features, Taxation
NRE Account, NRO Account : Non resident Indians might have faced a situation where they have to maintain a bank account India. There are two
Agency functions of Bank: List of Agency Functions of Banks
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 | Procedure or Rules for DD
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
Issue of a Duplicate Demand Draft – Rules for duplicate DD
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
Primary Functions of Banks: List of all functions of Banks
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