a retired professional or Indian living abroad, not having a bank account is unimaginable. Based on the purpose, frequency of transaction, and location of the account-holder, banks offer abouquet of bank accounts to choose from. Here is a list of some of thetypes of bank accounts in India...
A bank account is a great place to save, invest, and grow your money. Today, banks offer a wide variety of accounts to fit the many needs of their customers, e.g. Savings, Current, BSBDA, Fixed and Recurring Deposits, and NRI Accounts. Each account has its own unique characteristics, ...
The Central Bank provides guidance to other banks whenever they face any problem. It is therefore known as the banker’s bank. The Reserve Bank of India is the central bank of our country. Another important function of the Central Bank is the issuance of currency notes, regulating their circu...
Do you know how many types of joint accounts in banks are available in India and what are the pros and cons of these types of accounts? Many of us are simply holding bank accounts as single holders. However, there are various ways through which we can open and handle bank accounts. In ...
Depending on the type of bank accounts, banks get the right to do whatever they want with the money or assets. In particular, banks hold money and pay some specific money to the customer as interest. This applies only to a savings account or checking accounts....
Flow of credit from banks to NBFCs: (i) Bank credit to NBFCs for their advances against commercial vehicles has been brought under the ambit of priority sector advances. (ii) The ceiling on bank lending to NBFCs registered with the Reserve Bank has been removed with effect from May 199...
In India, banks are regulated by theReserve Bank of India Managed by an elected managing committee is referred to as a cooperative bank. It operates on a non-profit no-loss basis and mostly supports self-employed people, small company owners, and others in metropolitan areas. ...
Internet Banking ( Associate Banks of SBI and other Banks) SBI Bank Challan Step 7:Print the application receipt containing the application reference number (ARN) or appointment number by clicking the “Print Application Receipt” link Step 8:Visit thePassport Seva Kendra(PSK) Regional Passport Offi...
Not every bank is the same, and most banks specialize in one or more types of banking. The main types of banks are retail, commercial, institutional, and investment banking. Central banks act to regulate and control currency and also to manage banks....
Check the different types of credit cards in India & choose the best to suit your need. Each type of credit card lets the user enjoy specific benefits & features.