The Overdraft Facility interest rate varies from bank to bank. At ICICI Bank, the interest rate is fixed and it is calculated daily and billed at the end of the month. You are liable to make interest payments only on the withdrawn amount. In case you haven’t used the loan amount, ther...
overdrafts, or previous account closures. These accounts are designed to help people rebuild their banking history and improve their financial standing. Second-chance accounts often come with restrictions, such as no check-writing
When a user wants to make a payment, they can do so by selecting the payee’s VPA (e.g., merchant@bankname), scanning a QR code, or entering their UPI ID. For instance, if a customer wants to pay a local merchant, they can simply scan the merchant’s QR code or enter the merc...
I paid my SBI credit card bill through paynet 24 hours ago but the transaction status is still showing pending, although the amount got debbited from my ICICI bank account. What should I do? How secure is a notarized agreement to lend money to an...
specified period of time and claim the refund in the revised return. When you file the ITR if tax paid is more than tax due you would see the income tax refund amount due to you as shown in the image below. The following image shows of ITR1 in excel which has the refund of Rs ...
Monthly Average Balance is the minimum amount of funds that account holders must maintain to avoid being penalized by the bank. Do I need to maintain the MAB every day in a month? No. Since the daily closing balance is averaged out, the account holder may have more funds than MAB on som...
In most cases, theminimum balance requirement is a small amount– as is the penalty charged for non-maintenance. Zero balance accounts do not provide most features that businesses need for growth: Limited functionality:Zero-balance accounts often lack essential features like overdraft facilities, chequ...