Bank 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 convenient to deposit the amounts with banks. Depending upon the nature of deposits,…

Zero balance savings account: Opening bank account has become very easy since the Modi government has taken the leap to transform the economy by bringing the large section of individuals who still do not have a bank account. Though opening…

Know which bank is the cheapest way to maintain an account in 2020: SBI, the country's largest bank, has reduced the monthly average balance for metro cities from 5000 to 3000. After this decision of the bank, millions of consumers have…

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 functions are called general utility functions. They are discussed…

Online SBI Aadhaar Link, SBI Aadhaar Card link, How to link Aadhaar Card to SBI Bank Account: The Reserve Bank of India (RBI) has clarified that it is necessary to link the bank account with the Aadhaar. RBI has also said that the bank…

BOI Current Account: BOI is the largest lender in the country and has its headquarters in Mumbai, Maharashtra. The majority is owned by the Government of India. BOI Normal Current Account gives you the optimum value for your money. At…

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 the cheques clear in 3 days, these cycles…

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 securities market. In this article you…

Bank Account for Kids – Steps to Open Kids Savings Account, How to open bank account for Kids. Steps to open Bank Account. Nowadays the children have become very much intelligent and aware of each and every new trend in the market. They…

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 important to know what are Negotiable…

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 to the income of banks. Another advantage is that they know 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 bank details, the money goes to the wrong…

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 place by simple or registered post.…

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 in terms of Section 45-A of Negotiable Instruments Act. Section 45-A of Negotiable Instruments Act…

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 of all the nations of the world. They…

Top Banks of India 2021. 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 2021. Get Full Name list of Banks in India. we are provided List of…