A Simple Guide to Depositing Money into Your Bank Account

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Have you ever felt unsure about the best way to deposit money into your bank account? Perhaps you are depositing a cheque or simply moving funds between accounts to manage your savings. No matter the situation, it is crucial to have a simple, secure, and convenient way to make sure your funds are efficiently processed…

What is a Debit Card? Features, Benefits & How it Works

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Imagine you’re at your favourite cafe, ready to pay for your order. Instead of fumbling for cash, you simply tap your card, and the transaction is done in seconds. That’s the power of a debit card—your money, instantly accessible, anytime, anywhere.  In India, where digital banking is rapidly growing, debit cards have become an essential…

What to Do If Your Bank Account is Frozen?

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What is a Frozen Bank Account  A financial institution’s action of temporarily suspending or restricting access to a bank account makes it a frozen bank account. This means you won’t be able to transfer money or withdraw funds, and any scheduled payments will be temporarily paused. This restriction is imposed due to suspected fraudulent activity,…

Understanding Passbooks and Their Application

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Passbooks have long been an integral part of the banking experience, serving as a tangible record of financial transactions for account holders. While digital banking platforms have gained popularity, passbooks remain valuable for individuals seeking a reliable and secure method of monitoring their finances. A traditional savings account, known as a passbook savings account, typically…

Fixed deposits are a cornerstone of many investment portfolios in India. They offer a safe haven for your money, guaranteeing a fixed return over a predetermined tenure. But within the world of FDs, a crucial decision arises: cumulative vs non-cumulative fixed deposits?  Understanding the distinctions between these two options can significantly impact your financial goals. …