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,…

My this article is about the features, advantages, disadvantages, meaning of fixed deposit account, interest rates at which it is available, what would be the benefits of it, how it is different from savings account, duration for which…

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…

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…

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…

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…

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…

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…

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…

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…

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…

SBI Current Account: SBI is the largest lender in the country and has its headquarters in Mumbai, Maharashtra. The majority is owned by the Government of India. Consolidated report says that SBI had a total income of Rs 2,57,289.51…