Banking Blogs

Before, it could take hours just to reach your local bank, but that’s no longer an issue. Thanks to Micro ATMs, banking is becoming more accessible, even in far-flung areas. These small, portable devices allow for Micro ATM cash withdrawal, giving people in rural locations easy access to cash and other essential services without the …

An important area of financial management is the rules regarding bank dealings, especially cash deposits. Every bank has set its limits and rules regarding cash deposit limits in savings accounts. These rules have been set to follow the legal rules governing finances and avoid misuse. This blog outlines cash deposit limits in savings accounts concerning …

In the ever-evolving banking and finance landscape, the term “bad bank” has emerged as a significant concept, especially in economic crises and financial stability. But what is a bad bank, and how does it function? This article explores the bad bank meaning, how bad bank works, and provides bad bank examples, with a particular focus …

In the era of instant digital payments, transferring money has become quick and convenient. But it does happen at some point, and the money could be deposited in the wrong account. If you ever get into asking, “I send money to wrong account. What do I do now?” let this blog help you out. Taking …

Linking phone number to bank account is a key requirement for contacting your bank. It enables you to get real-time trading information, bank OTP for online banking, and better security against fraud. This article explains how to link mobile number to bank account online and the importance of updating one’s contact details. Why is it …

Net banking or the electronic banking system is an excellent way to complete your bank-related activities from the comfort of your home. With e-banking, you can conduct a wide range of banking activities online. These include transferring funds, accessing account information, paying bills, and more, all from the comfort of your home – anytime and …

Nominee is a common term that you will come across while opening a new bank account. Understanding the meaning of nominee in banking is crucial. Whenever you open a bank account or apply for a fixed deposit, there’s a section to add your nominee’s name. Even though it is an optional step, having a nominee …

Banks do allow you to stop cheque payments with a request under certain circumstances. Unlike other online payment methods, you have the option the cancel your request with a simple process. You may also have to pay a certain fee for this service.   This option is available in case you change your mind last minute …

With a joint bank account, multiple individuals can manage finances jointly, which simplifies management and makes it easier to track spending. You can open a joint bank account online with anyone you prefer. It can be your parents, your spouse or your business partner.  With a joint account, you can save for common financial goals …

Saving for your child by opening a bank account for a minor online is becoming a common practice. It enables you to save for your child’s future needs and teach them financial responsibility from a young age. Many financial institutions provide this facility with exclusive features and help your children take over the account later …