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
If the account holder dies without naming a nominee, who will receive the money in the bank account? Many people need to pay more attention to the importance of nominating beneficiaries for their bank accounts. However, having a nominee for every account can prevent various complications. Let’s explore the benefits of naming a nominee. Designating … Read more
Many of us dream of owning our own house but need help investing all our savings and paying numerous EMIs monthly. However, experts suggest that, with some careful planning, it is possible to achieve this dream without taking a loan. For many middle-class individuals, life goals typically include a job, marriage, children, education, marriage, and … Read more
Banks have introduced a new feature called UPI Interoperable Cash Deposit (UPI-ICD) to facilitate cash deposits at ATMs. With UPI-ICD, you can deposit cash into any bank account using any app. Although this feature is currently available at select ATMs of banks like Axis Bank and Union Bank of India, more banks are expected to … Read more
Online transactions are vital to our daily routine in today’s digital world. Activating your HDFC debit card for online transactions is essential for seamless and secure online payments, allowing you to shop, pay bills, and conduct financial transactions from the comfort of your home. HDFC debit cards offer a range of benefits, including secure access … Read more
In today’s fast-paced banking world, HDFC Bank is a well-known financial institution in India that offers a wide range of banking services. One essential tool for managing your finances is the HDFC Passbook—a record of your transactions with HDFC Bank. Whether it’s for tracking deposits, withdrawals, or interest earned, the passbook remains an essential part … Read more