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Banking Guides

Recurring Deposit Account: Features and Aspects

What is a Recurring Deposit Account? A recurring deposit

7 years ago 62 Views

Debit Card

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.

7 years ago 53 Views

Banking Guides

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.

7 years ago 43 Views

Banking Guides

Current Account: Meaning, Features and Benefits

As cited in a circular by RBI, “Current Account”

7 years ago 57 Views

Banking Guides

KYC in Banking: Why KYC is Important?

The guidelines for KYC was issued in 2002 under Section 35A of the Banking Regulation Act, 1949.

7 years ago 78 Views

Banking Guides

How to Calculate Quarterly Average Balance?

When you own a bank account, whether savings or

7 years ago 142 Views

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