by pankaj | Jul 26, 2024 | Banking News
PPF is a popular long term investment option that comes with EEE status. That is, in this investment option, the investor gets income tax exemption at three levels. At the time of first investment, then on interest income and then on maturity amount. PPF offers a...
by pankaj | Jul 26, 2024 | Banking News
What is the current account? The current account is a bank account that is different from Saving Account. The current account is used for large transactions, so people who have to make multiple transactions from the bank in a single day need a current account. The...
by pankaj | Jul 26, 2024 | Banking News
Demat or a dematerialized account is a form of account which is used to hold shares and other financial instruments in a dematerialized form. In simpler words, it is similar to our savings account, but instead of carrying cash, it holds shares and other financial...
by pankaj | Jul 26, 2024 | Banking News
Almost every other day, you read the news related to cheque fraud in newspapers. In today’s time, it is quite common to change the account holder’s details to prepare fake cheques or withdraw funds. With the help of this, the hard-earned money of the...
by pankaj | Jul 26, 2024 | Banking News
Universal Account Number (UAN) is a 12 digit unique number that is allotted to an EPF member. It is a permanent number and valid for the entire lifetime of a member. The employer of the employee can generate the Uan number. In case of a change in employment, the UAN...
by pankaj | Jul 26, 2024 | Banking News
The State Bank of India (SBI) has changed its ATM withdrawal rules from July 1. According to the bank’s website, SBI in metro cities allows its regular savings account holders to make 8 free transactions in a month. In addition, customers are charged on each...
