What is the difference between Garnishee order & I.T. Attachment order

(This article explains how  the garnishee order and IT attachment orders are different and explain the method of disposal by the Bank branches when they receive such orders from the authorities.) Garnishee order & I.T. Attachments are two different types of attachment orders. The Garnishee order is an order issued by the Court to garnishee…

How to open SB Account in a bank?

Savings Bank account (SB Account) is a form of demand deposit account, opened mainly for the purpose of saving and not for any business purpose. Banks are permitted to credit the interest to the account on a regular basis, with regard to the savings bank accounts frozen by the enforcement authorities.The acceptance of interest free deposits in…