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.…

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…

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…

Time deposits are money deposits that cannot be withdrawn for a certain term of period of time unless a penalty is paid. When the term is over it can be withdrawn or it can be held for another term.…

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…

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…

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…

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…

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…

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…

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…