Bank Account

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…

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…

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…

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…

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…

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…

Nostro Account and Vostro Account 2020. Nostro Account is a Current account maintained by a domestic bank with a foreign bank in foreign currency. Vostro (your account) is an account maintained by a…

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…

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…

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…

Top zero balance savings account in India 2020: Zero balance savings account are best suitable for those who cannot afford to maintain the minimum average balance in their account. Enjoying the…

Time deposits are money deposits that cannot be withdrawn for a certain term of period of time unless a penalty is paid. When the term is over it can be withdrawn or it can be held for another term.…