What is a Bearer Cheque?
Posted on Monday, September 9th, 2024 |
A bearer cheque is a financial instrument payable to anyone who presents it at the bank. Unlike other types of cheques, a bearer cheque does not need the endorsement of the person to whom it is issued. This makes it easy to transfer. Let’s learn more about the meaning of a bearer cheque and its…
Read moreWhat is a Cancelled Cheque?
Posted on Monday, September 9th, 2024 |
When you join a new employer’s payroll or apply for a loan, you must promptly provide your bank details. A cancelled cheque can simplify this process. It is a common financial document used for verification with no validity for transactions. Let’s explore what a cancelled cheque is, how to write one, and where it is…
Read moreWhat is a Crossed Cheque?
Posted on Monday, September 9th, 2024 |
When you write a cheque, you expect it to reach the right hands. However, imagine you lose the cheque or that it falls into the wrong hands. The thought of someone else potentially being able to cash can be stressful. This is where a crossed cheque comes into play. A crossed cheque can be identified…
Read moreDICGC – Deposit Insurance And Credit Guarantee Corporation
Posted on Monday, September 9th, 2024 |
DICGC stands for Deposit Insurance and Credit Guarantee Corporation. The DICGC was established in 1978 as a wholly owned subsidiary of the Reserve Bank of India (RBI). Its main aim is to provide insurance coverage to depositors. It ensures that their deposits are protected in the event of a bank’s failure. SO, let’s learn more…
Read moreHow to Change Name in Bank Account?
Posted on Monday, September 9th, 2024 |
There are many reasons one may change their name. It may be due to marriage, divorce, or personal reasons. Whether you have changed your name legally or need to correct a spelling mistake, it is important to ensure your bank records reflect your current name. It is essential to change the name in your bank…
Read moreHow to Change the Address in Your Bank Account?
Posted on Monday, September 9th, 2024 |
If you have moved recently, chances are you may be busy adjusting to your new address. However, in the midst of these adjustments, one must remember to update the address in their bank account. Updating the address in your bank account ensures you receive all vital communications without delays. In this article, we will discuss…
Read moreHow to Change Your Mobile Number in a Bank Account?
Posted on Monday, September 9th, 2024 |
Keeping your bank account details up to date is essential for ensuring seamless banking transactions. If you have changed your mobile number, it is important to update it with your bank. This allows you to continue receiving transaction alerts and other critical information. This article will guide you on how to change the mobile number…
Read moreWhat is the 50/30/20 Rule of Budgeting & Saving?
Posted on Monday, September 9th, 2024 |
The 50/30/20 rule is a popular method for budgeting and saving. It simplifies the budgeting process by allocating your income into three distinct categories. This rule provides a clear framework for how to save money. It also ensures that your essential needs are met and that you still enjoy some careful spending. In this article,…
Read moreHow to Withdraw Money from PPF Account: PPF Withdrawal Rules and Procedure
Posted on Monday, September 9th, 2024 |
PPF, or Public Provident Fund, is a popular savings scheme backed by the government of India. Many people prefer it for its guaranteed returns and tax benefits. PPF has a maturity period of 15 years. Once your PPF account matures, you can withdraw the entire amount. However, partial withdrawals are allowed once it completes 6…
Read moreSwift and IFSC Code: Differences
Posted on Thursday, September 5th, 2024 |
SWIFT and IFSC codes are two types of codes essential for financial transactions. While SWIFT codes are used for international financial transactions, IFSC codes are used when transferring money from one bank to another. Each type of code has its distinct characteristics and is used in different contexts. It is important to know the differences…
Read moreWhat is the Full Form of VPA? What is VPA in UPI?
Posted on Friday, July 19th, 2024 |
The Unified Payment Interface (UPI) system has become considerably popular over the last few years. One can split bills with friends, pay merchants to buy groceries or recharge their phone with just a few clicks. UPI has revolutionised the way people make payments and handle financial transactions. The ease and convenience of UPI make it…
Read moreWhat is a Savings Account? How Does it Work?
Posted on Thursday, July 18th, 2024 |
A savings account is crucial for managing your finances effectively. You can save for various purposes while having easy access to your funds. Choosing the right bank, such as IndusInd Bank, ensures that your savings account is more than a place to park your money. It is one of the pillars for securing your financial…
Read moreLast Date to File ITR: Income Tax Calendar
Posted on Thursday, July 11th, 2024 |
Filing Income Tax Returns (ITR) is an essential duty for every eligible taxpayer in India. To ensure timely submission of the ITR and other compliance, one must stay informed of the various tax-related deadlines in a fiscal year. To help you, here’s a guide on key dates in the income tax calendar, helping you understand when…
Read moreHow to Save More Money with Minimalism
Posted on Friday, June 28th, 2024 |
In today’s fast-paced world, it’s easy to get caught up in the cycle of consumerism. We’re constantly bombarded with advertisements encouraging us to buy more and spend more. However, minimalism offers a refreshing alternative, focusing on simplicity and intentional living. Embracing minimalism can significantly boost your financial health. Here’s how: 1. Evaluate Your Spending Habits…
Read moreHow to Apply for a PAN Card?
Posted on Wednesday, June 26th, 2024 |
A PAN (Permanent Account Number) card is a crucial financial document required for tax payments, financial transactions, investments, and other purposes. Want to open a bank account online? You need PAN card details to complete the KYC (Know Your Customer) process. While you can open a bank account without a PAN card, the account options…
Read moreHow to Choose a Bank, which is Trustworthy?
Posted on Wednesday, June 26th, 2024 |
Choosing the right bank for a savings account is crucial because it ensures the safety and security of your hard-earned money. The best bank for your savings account will protect and grow your funds while also providing dependable services and support in case of queries or grievances. With the right bank, you can also have a…
Read moreHow You Can Personalise Your Bank Account Number
Posted on Wednesday, June 26th, 2024 |
We live in a time where creating a personal identity across several platforms is the norm. In such cases, many remember Shakespeare’s iconic line “What’s in a name?” only to prove it wrong. People showcase little details to correspond to their identities and create a coherent picture. Personalisation is not limited to names and online…
Read moreHow to Save & Invest with a Savings Account?
Posted on Wednesday, June 26th, 2024 |
A savings account allows you to deposit money and earn interest as per the prevalent interest rates. In addition, this account permits withdrawals based on your requirements without any lock-ins. Along with this feature, there are many uses for a savings account. If leveraged intelligently, a savings account can help you save and invest money and…
Read moreHow to Save for Your Dream Home with a Savings Account
Posted on Wednesday, June 26th, 2024 |
A home is where the heart is, goes the saying. Having your own home is not just about having a roof over your head. It is also about creating a space that reflects your hard work, values, and aspirations. While renting a house may be an option, the feeling of owning a home is something…
Read moreHow to Use Internet Banking?
Posted on Tuesday, June 25th, 2024 |
Internet banking is a feature provided by banks and financial institutions that allows customers to access different banking services via the Internet. It is also known as net banking, online banking, digital banking, and e-banking. Internet banking has become popular over the last few years due to its various benefits and technological advancements. If you…
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