The Importance of Maintaining a Minimum Balance in Your Savings Account
Posted on Monday, May 27th, 2024 |

The minimum balance in a savings account refers to the lowest amount of money that account holders must keep in their accounts. Banks establish these minimum balance requirements to ensure account stability and offer specific benefits to customers. The minimum balance varies between banks and types of savings accounts, so account holders must be aware…
Read moreShould You Invest Excess Funds in Liquid Funds or Savings Accounts?
Posted on Monday, May 27th, 2024 |

As disposable income increases, individuals often face the dilemma of what to do with excess funds. Return on investment is an essential factor to consider while making an investment choice. However, liquidity shouldn’t be ignored. While a savings account offers liquidity, liquid funds have emerged as a popular investment choice. What are Liquid Funds? Liquid…
Read moreWhat are the Different Types of Cheques?
Posted on Friday, May 24th, 2024 |

Cheques offer a plethora of options that meet several requirements of users. Various cheques are available for different purposes, ranging from bearer cheques to traveller’s cheques. This comprehensive guide explains the different types of cheques, their basic features, their validity, and the intricacies of using them. What is a Cheque? A cheque is a negotiable…
Read moreDemystifying UPI Transaction Charges: What You Need to Know
Posted on Friday, May 24th, 2024 |

In the era of digital payments, the Unified Payment Interface (UPI) has proven to be a game-changer, revamping the way Indians transact. UPI has gained huge acceptance because of its accessibility and convenience, facilitating real-time fund transfers through mobile phones with no additional charges. However, a recent notification from the National Payment Corporation of India…
Read moreUnderstanding Bank Cheque Books: A Comprehensive Guide
Posted on Friday, May 24th, 2024 |

The payment landscape in India has undergone a significant transformation, evolving from traditional methods like physical cheque deposits to the Unified Payments Interface (UPI). This technology facilitates real-time digital payments using UPI-enabled smartphone applications. This marks a substantial advancement in the industry. Now, sending and receiving money, bill payments, and authorising transactions are all a…
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