What is Recurring Deposit Account? Recurring deposit is a
Debit Card Best Practices: Tips to Prevent the Misuse
A global fraud report (conducted in 2014, by ACI) of around 6100 consumer in 20 countries reveals that one in four consumers is a victim of card fraud and India stands in the second position in terms of debit card fraud rate with 32% as compared to 21% in 2012.
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