Many people use multiple bank accounts. They might have accounts at different banks for convenience. Also, some companies open new accounts for employee salaries when they start a new job, even if the employee already has an account elsewhere. So, it’s common to have more than one account. Is having multiple accounts a good idea? … Read more
You might just glance at your EMI statement each month, but it’s actually like a report card for your loan! It has important info about how your loan repayments are going. In recent times, with increasing expenses, taking a loan has become a common thing. But many borrowers then face trouble raising such a large … Read more
Know why PAN card is mandatory for cash deposits in bank account. Learn about the rules, benefits, and how this impacts your banking experience. In India, the government has made it mandatory to use a PAN card for various financial cash transactions at banks. Introduced by the Income Tax Department, the PAN card is a … Read more
Have you ever felt frustrated repeatedly submitting the same documents for KYC (Know Your Customer) verification when opening new bank accounts or investment portfolios? If you’re an Indian resident, you’re not alone. But there’s good news! CKYC (Central KYC) is here to simplify your financial life. Customers have to submit their KYC documents while conducting … Read more