Are you a Bank of India employee looking for a convenient way to access your salary slip? Look no further! The Bank of India Employee Parivar Portal offers a user-friendly platform to download your pay slip. The Bank of India (BOI) provides its employees with a digital salary slip every month. This document is essential … 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
Are you looking to save a portion of your income every month? Consider opening a recurring deposit account, which can be set up at a post office or bank. With this account, you’ll earn monthly interest on your savings and can deposit as much as you like. Many people, especially those in the middle class, … 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
The State Bank of India, synonymous with reliability, offers various deposit schemes, including the SBI Annuity Deposit Scheme. This scheme requires a lump sum deposit, after which the customer receives guaranteed monthly income and interest. Interest is paid out monthly along with the principal and is calculated quarterly on the remaining balance in the account. … Read more
A bank account is not just a convenience; it’s necessary for everyone, including employees and ordinary people, to access government benefits. Without an active account, you could miss out on these crucial resources. However, opening an account is just the beginning. It’s crucial to keep it active to ensure it remains functional. Your savings or … 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
Bank Cheque: There are several ways to transfer money from the bank nowadays, such as Internet Banking and UPI services. However, checks have been a traditional method of money transactions for a long time. In some cases, the back of the check needs to be signed. Why is this necessary? Let’s delve into the details. If … Read more
Remember to nominate a beneficiary for all your financial accounts, including bank accounts, Demat accounts, and insurance policies. If the account holder passes away without a nominee, the rightful heirs must go through a legal process to claim the money. When an account holder dies, the banking and insurance companies transfer the funds to the … Read more
Adding a nominee to your bank account can make things much smoother for your loved ones in a difficult time. Managing finances efficiently and ensuring the security of your assets are crucial aspects of financial planning. One key step in this process is adding a nominee to your bank account. A nominee is an individual … Read more