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Current Account

Steps to Handle Unauthorised Transactions in Your Current Account

Posted on Friday, September 6th, 2024 | By

Steps-to-Handle-Unauthorized-Transactions-in-Your-Current-Account.jpg

Imagine you are going about your day and suddenly receive an alert from your bank stating that your current account has been debited with ₹25,000. This may be shocking in case you neither made any such transaction nor set up any auto-pay mandates.  Having unauthorised transactions in your current accounts can be a stressful experience….

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Essential Documents for MSME Registration

Posted on Friday, September 6th, 2024 | By

Essential-Documents-for-MSME-Registration

As India moves towards becoming a global economic power, the contribution of the Micro, Small, and Medium Enterprises (MSMEs) sector cannot be overlooked. They play a crucial role in the Indian economy, helping it propel forward step-by-step. MSMEs can contribute even greater value if they register themselves under Udyam registration. By doing so, MSMEs can…

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Comparing Nodal, Escrow, and Current Accounts: Which is Best for Your Business?

Posted on Friday, September 6th, 2024 | By

Comparing-Nodal-Escrow-and-Current-Accounts-Which-is-Best-for-Your-Business

Choosing the right bank account is crucial for any business, but the options can seem overwhelming. Three common types of business accounts are nodal, escrow, and current accounts. Each serves a specific purpose and understanding their differences is key to making the right decision for your financial needs. Nodal Account – What is It and…

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The Advantages of Having an Online Current Account for Everyday Banking

Posted on Friday, August 23rd, 2024 | By

The-Advantages-of-Having-a-Current-Account-for-Everyday-Banking

A Current Account is essential for meeting the banking needs of any business or professional involved in a high turnover business, either in volume or value. A Current Account comes with many features and benefits for the business or professional’s convenience. In today’s fast-paced world, an online current account is a proposition which provides the…

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How to Apply for a New Current Account Cheque Book Easily?

Posted on Thursday, August 22nd, 2024 | By

How-to-Apply-for-a-New-Current-Account-Cheque-Book-Easily

A well-structured current account is a cornerstone of efficient business operations. One crucial facility provided by a current account is the cheque book. It is a handy tool to execute payments, manage cash flow, and ensure record-keeping.  Requesting a new cheque book is easier than ever, thanks to modern banking conveniences. In this article, we…

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Everything You Must Know About Sole Proprietorship

Posted on Thursday, August 22nd, 2024 | By

All-You-Must-Know-About-Sole-Proprietorship

Starting a business often begins with a simple, innovative idea and the drive to bring it to life. For many entrepreneurs, especially those venturing out on their own, a sole proprietorship is the easiest and most straightforward way to structure their business. Understanding what a sole proprietorship is and how it works can help the…

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Understanding the Difference Between Basic and Premium Current Accounts

Posted on Thursday, August 22nd, 2024 | By

Understanding-the-Difference-Between-Basic-and-Premium-Current-Accounts

Current accounts are important tools for businesses and individuals who need to make frequent transactions. They offer the flexibility required for day-to-day financial operations. While all current accounts allow you to manage transactions, there are significant differences between basic and premium current accounts.  Understanding these differences can help to choose the right account type that…

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Streamlining Your Finances: Effective Tips for Managing Multiple Current Accounts

Posted on Thursday, August 22nd, 2024 | By

Streamlining-Your-Finances-Effective-Tips-for-Managing-Multiple-Current-Accounts

Many people believe a single current account is all they need. However, if you are managing a lot of financial transactions, you need more financial flexibility. Did you know you can have more than one current account? Having multiple current accounts can be the key to better budgeting, organised savings, and even access to better…

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Current Accounts for High-Net-Worth Individuals: Tailored Services and Benefits

Posted on Thursday, August 22nd, 2024 | By

Current-Accounts-for-High-Net-Worth-Individuals-Tailored-Services-and-Benefits

You may have come across the term ‘High Net-Worth Individual’ or HNI, especially within the realm of financial services. HNIs hold a unique position and command a certain level of service in different areas of life, including banking.  It is no surprise that, to meet the HNIs’ banking needs, current accounts offer specialised services and…

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Importance of an Online Current Account for Freelancers

Posted on Thursday, August 22nd, 2024 | By

Importance-of-a-Current-Account-for-Freelancers

Freelancers usually have the liberty to work according to their comfort levels and skill sets. However, as they do not earn a fixed salary, they are required to manage their client payments and expenses by themselves and might face unique challenges in managing their finances efficiently. Dedicated bank accounts for freelancers help them organise and…

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Why Every Business Needs an Online Current Account: Essential Reasons and Benefits?

Posted on Thursday, August 22nd, 2024 | By

Why-Every-Business-Needs-a-Current-Account-Essential-Reasons-and-Benefits

You need to consider many things while running a business like daily operational expenses and monthly salaries for your staff, all of which can be easily managed with a Current Account. It is imperative that you make the best of the Benefits of Current Accounts by opening one, especially if you are in a growth…

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Benefits of an Online Current Account for International Enterprises and Business

Posted on Thursday, August 22nd, 2024 | By

Benefits-of-an-Online-Current-Account-for-International-Enterprises-and-Business

Best practices are a crucial element to follow while carrying out the global expansion of your business. While you may have been using your savings account to transact for your business domestically, it is imperative for you to have a Business Account while going global. By choosing to open a Current Account, the bank will…

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How to Open a Current Account with Only a PAN Card and Aadhar-Linked Mobile Number?

Posted on Thursday, August 22nd, 2024 | By

How-to-open-a-current-account-with-only-pan-card-and-aadhar

The current account is an essential type of bank account that is needed to manage day-to-day financial transactions efficiently. Current accounts can be opened by individuals running their businesses, partnership firms, private companies, public limited companies, trusts, societies, associations, etc. It offers flexibility to manage finances with various benefits. Individuals and businesses can have online…

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How to Open an Online Current Account for Individuals and Sole-Proprietorship

Posted on Friday, August 2nd, 2024 | By

Open Online Current Account

Banking is extremely easy and convenient in this digital era. However, a bank account is required for any banking transaction. Usually, all the banks suggest opening a current account for business owners as it gives them freedom. Sole proprietorship accounting with current accounts helps streamline the financial operations of sole proprietors. Today, with the advent…

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Best Current Account Guide for Start-Ups in India

Posted on Wednesday, July 31st, 2024 | By

Starting a business requires planning, especially in managing finances. One of the crucial steps for a new business is selecting the right current account. A variety of current accounts are available in the market, designed to meet the specific needs of start-ups.  Here’s a guide to help you choose the right current account for start-ups…

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Get A Customised Current Account Number of Your Choice

Posted on Wednesday, July 31st, 2024 | By

Get-A-Customized-Current-Account-Number-Of-Your-Choice

Many banks offer a customised current account number. You can use any set of numbers as your account number. It is possible to select a customised account number at the time of opening a new bank account. This feature allows individuals and businesses to align their preferences with their banking needs.  Whether it is for…

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Understanding Cash Withdrawal Limits on Current Accounts

Posted on Wednesday, July 31st, 2024 | By

Cash Withdrawal Limits On Current Account

The Reserve Bank of India (RBI) removed the cash withdrawal limits at ATMs for current accounts in 2017. This decision enabled businesses to streamline cash flow management, reduce operational hassles, and enjoy enhanced overall financial flexibility.   Let’s delve into the implications of this change, the importance of current accounts, and related cash deposit limits.  What…

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Do’s and Don’ts of Getting a Current Account

Posted on Wednesday, March 6th, 2024 | By

Do's & Don't

Whether you’re a seasoned businessman or a budding startup owner, you would agree that you need a current account to manage your finances effectively. In simple terms, a current account serves as a financial hub for businesses, allowing seamless transactions, overdraft facilities, and other services. With a myriad of banks available to open current accounts…

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Chequebook: Why It Still Matters in a Digital World

Posted on Wednesday, March 6th, 2024 | By

Cheque Book

Cheques are common payment instruments that make transactions simple for customers. Despite the rise of digital banking, cheques are still a crucial part of the banking industry. They are used for a variety of transactions, from small to large amounts. In this blog, we will look at why cheques still matter in the banking industry…

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The Importance of Overdraft Facility in Current Account

Posted on Wednesday, March 6th, 2024 | By

Overdraft

Current accounts serve as a cornerstone of banking for millions of business owners across India. You use these accounts to receive client payments, pay bills, and manage everyday transactions. Yet, nestled within this familiar framework lies a feature that holds significant importance over your financial well-being: the overdraft facility. Essentially, an overdraft facility acts as a…

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