Joint accounts are shared by two or more individuals and offer numerous benefits. They can be opened with spouses, children, friends, or business partners. According to the Reserve Bank of India guidelines, the number of members in a joint account is not limited, but some banks restrict it to a maximum of four. Joint accounts … Read more
Parents often open bank fixed deposit accounts to secure their children’s financial futures. Some prefer recurring deposit schemes to save money in installments. These parents, driven by a strong sense of responsibility, plan so their children can save a substantial amount for higher education, marriage, and other future needs while they are still young. Understanding … Read more
When we move to different cities, we often need to change our bank accounts to a local branch. If you’re in this situation and want to transfer your SBI account, you can easily do so without the hassle of visiting the bank multiple times. Unlike in the past, the online process eliminates the need to … Read more
Almost all employees have their salaries deposited directly into their bank accounts. A salary account must be opened when one starts a job to facilitate this. This type of account functions like a regular bank account but offers additional benefits many customers may need to know. Let’s explore the fantastic offers and advantages of a … Read more
Know about India’s savings account limits, interest rates, and tax rules. Understand how much money you can keep, earn interest, and pay taxes on your savings account. Saving money in a bank account is a great way to keep your cash safe and earn a little extra. Do you know how much money you can … Read more
Learn how much money you can keep in a savings account in India, including cash deposit rules, tax implications, and benefits of alternative investments. In today’s world, everyone needs a savings account. A bank account is essential to take advantage of all government schemes and facilitate digital transactions. Unlike some countries, opening a bank account … Read more
Attention all bank customers! The Reserve Bank of India oversees all banking regulations to ensure transparency, safety, and financial inclusion. When opening a bank account, you must submit documents such as your PAN Card, Aadhaar Card, Passport or Voter ID, and proof of home address. Non-resident Indians (NRIs) can also open special category accounts, such … Read more
Today, different types of credit cards are available, each offering special discounts and reward points in specific categories. While these cards can be used to make various bill payments, they cannot be used to settle loan repayments. However, customers have an alternative option: they can transfer money from their credit card to their bank account. … Read more
A non-resident Indian resides abroad beyond a specified time for reasons like employment, higher education, business, vacation, or other purposes. Are you an Indian living abroad? Maybe you work in the United States or run a business in Dubai. If so, you might be considering an NRI account. NRI stands for Non-Resident Indian, and an … Read more
In today’s fast-paced world, convenience and ease of access to your finances are essential. That’s where SBI Salary Accounts come in. SBI, India’s largest bank, offers a variety of salary account packages designed to meet the needs of different sectors, including government employees, corporate employees, and defense personnel. Generally everyone has accounts in different banks. … Read more