Free notes, textbooks, and exam-focused resources designed for Indian banking professionals.
The major characteristics of the RD account can be described as “a variant of term deposit offered by the banks with fixed monthly investment, fixed duration, and a fixed rate…
Savings bank accounts offer a secure and reliable method for safeguarding funds, thereby providing account holders with peace of mind. Deposited amounts are protected against theft and loss, ensuring a…
Savings Bank (SB) accounts are subject to various restrictions concerning cash deposits, withdrawals, and general account usage. These restrictions, guided by the Reserve Bank of India (RBI) and individual bank…
Joint accounts are accounts that are in the name of two or more persons. The operation instructions in joint accounts in banks like ‘either or survivor’, former/latter or survivor’, ‘anyone…
A savings /fixed / recurring bank deposit account can be opened by a minor of any age through his/her natural or legally appointed guardian. Banks in India have the freedom…
A revenue Stamp can be explained as a receipt given by the Government in the form of small adhesive stamp in lieu of separate document stating that the tax/fee has…
The non-judicial stamp papers, in the form of engraved, embossed or franked on papers have been used to pay the stamp duty under Indian Stamp Act 1899. Nowadays maximum usage…
Maintaining a minimum balance in a savings bank account is generally required to receive interest payments and to avoid penalties. Banks may impose charges if the stipulated minimum balance is…
The major difference between wholesale banking and retail banking is in the type of clientele. Retail banking, also known as consumer banking, refers to the offering of banking services to…
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