Sole proprietor means sole owner of a business. Whatever
Recurring Deposit Account: Features and Aspects
What is a Recurring Deposit Account? A recurring deposit
Interest on Savings Bank Account: How Is It Calculated?
The interest on savings bank account is calculated on half yearly basis. The amount may vary depending on the type of account and also from bank to bank.
Current Account: Meaning, Features and Benefits
As cited in a circular by RBI, “Current Account”
KYC in Banking: Why KYC is Important?
The guidelines for KYC was issued in 2002 under Section 35A of the Banking Regulation Act, 1949.
How to Calculate Quarterly Average Balance?
When you own a bank account, whether savings or