Minimum Account balance. You will also have to maintain a monthly average balance to avoid penalties. Non-maintenance of sufficient funds can lead to MAB charges. For SBI it is shown below. Less Interest Rate: Savings accounts offer less interest rates offered(3.5% to 6%). If you invest th...
It will also be very easy for merchants to connect it with their billing and accounting system with minimum effort. Furthermore,this partnershipof two digital giants of the country will also extendto Paytm Payments Bank Limitedpowering Marg Pay’s nodal bank account. Notably,MARG ERP is a CMMI...
The Reserve Bank of India (RBI) fixed the minimum Net Owned Fund (NOF) size for housing finance companies at how much amount? A) 25 cr B) 30 cr C) 35 cr D) 50 cr View Answer Option A Explanation:The Reserve Bank of India (RBI) fixed the minimum Net Owned Fund (NOF) size for...
Under this scheme, the state government envisages to develop public welfare projects worthRs 1000 croreby December 2022. The donor can fund a minimum 60% of projects and the balance up to 40% will be provided by the State government i.e.60:40 ratio. Key Points: i.The governing board of...
Zero-balance current account is a bank account without a minimum balance requirement. It allows account holders to carry out transactions without needing to maintain a minimum balance. To small business owners, zero balance current accounts can help them go from 0 to 1 – to get their business...
4 - SBI, Shanghai becomes first Indian bank to link up with China National Advance Payment System The State Bank of India's (SBI) Shanghai branch became the first Indian Bank to connect to China's National Advance Payment System (CNAPS). The CNAPS provides real-time settlement services for...
The target clientele of the card are new users of credit cards who do not have a credit history. It will not have annual fees for the first four years. Any SBI customer with a balance of at least ₹25,000 in his/her savings account with the bank would be eligible for the Unnati ...
The total deposits in Jan Dhan Account are set to cross Rs 1 lakh crore soon. The scheme was launched on 28thAugust 2014 by the Modi-government with an aim to provide universal access to banking facilities to all households. On 3rdApril, the total balance in the Jan Dhan accounts was at...
iii Such standards are designed mainly for testing bulk materials, and are focused on the weight of the specimen, not taking into account one of the most important parameters: the contact area with the fluid. The focus is on the ratio between the mass of specimen and volume of fluid, but...