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Cancellation of Demand Draft

Cancellation of Demand Draft | Procedure or Rules for DD

May 23, 2024

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

Agency functions of Bank

Agency functions of Bank: List of Agency Functions of Banks

Updated on: May 23, 2024

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

NRE Account, NRO Account

NRE Account, NRO Account: Eligibility, Features, Taxation

Updated on: May 23, 2024

NRE Account, NRO Account : Non resident Indians might have faced a situation where they have to maintain a bank account India. Two types of

what to do if money transferred into wrong bank account

what to do if money transferred into wrong bank account

May 23, 2024

what to do if money transferred into wrong bank account. Do not get upset about transferring money to banking / wrong bank account, bank will

Account Payee's Crossing

All about Account Payee Cheque Vs Crossed Cheque 2025

Updated on: May 23, 2024

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 Utility Functions of Bank, General Functions of Bank

Updated on: May 23, 2024

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

Truncated Cheques

Truncated Cheques: Meaning, Benefits for Banks & Customers

Updated on: May 23, 2024

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

Bank Account for Kids – Steps to Open Kids Savings Account

Bank Account for Kids: Steps to Open Kids Savings Account 2025

Updated on: May 23, 2024

Bank Account for Kids – Steps to Open Kids Savings Account, How to open bank account for Kids. Steps to open Bank Account. Nowadays the

Deposits

Deposits Types: Demand, Current Deposits, Savings Account

Updated on: May 23, 2024

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

Bankers Cheque

Bankers Cheque: Meaning, Advantages of Banker’s Cheques

Updated on: May 23, 2024

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

Bearer Cheque

Types of Cheques: Check various types of cheques 2025

Updated on: May 22, 2024

Types of Cheques: A cheque is a document that orders a payment of money from a bank account. The person writing the cheque, the drawer, usually

ICICI Bank Statement

ICICI Bank Statement 2025: Format, View, How to Download

Updated on: May 22, 2024

ICICI Bank Account holders can obtain icici bank statements as per there wish. One can obtain bank statement for a day, a month, a quarter

SWIFT

SWIFT: Introduction, Objectives, Services Provided by SWIFT System

May 22, 2024

SWIFT: Electronic payment systems for large payments have developed as the demands for international settlement of currency and securities transactions have increased. Society for Worldwide

SBI Saving Account

SBI Saving Account: Features, Interest Rates, Types, How to Apply

May 22, 2024

SBI Saving Account: Why Choose SBI Savings Account? Through its network of branches in India and overseas, SBI provides a range of financial products including

Basel III

Basel III – Meaning, BASEL III Accord, Major Features of Basel III

Updated on: May 22, 2024

Basel III – The Basel Committee on Banking Supervision (BCBS) issued a comprehensive reform package entitled “Basel III: The Basel III guidelines on strengthening the

Gold Loan

Gold Loan 2025: Feature, Eligibility, How to Apply, Interest

Updated on: May 22, 2024

Gold loans are one of the most popular form of loan present in our country. We used to keep  jewelries and other ornaments with us

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