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Can we keep 10 million in current account?
Most banks have a cap on the amount of money that you can keep in a current account, usually up to several thousand. So no, you cannot keep 10 million in a current account; you would most likely have to open a savings or investment account.
Can you open a savings account for another adult?
No. A person can only open an account for himself. They cannot open an account on behalf of someone else. It is illegal and it should not be done. If I want a bank account, only I can open it and cannot ask or expect anyone else to do it for me.
Who can open a current account?
Anyone who is running a business or wishes to open an account that would involve high number of transactions can open a current account. Current Accounts usually involve higher charges & fees because of the extra services you receive. Those services are usually not available for regular savings account. Also, the money in your checking account does not earn any interest.
Need document to open current account of SBI?
The documents that are needed to open the current account of SBI are used for identification purposes. The application form can be downloaded from the internet by visiting the nearest branch.
How can one open a bank account online?
There are various ways one can open a bank account online. It would help on deciding which account one would want such as a current account and then decide on the bank one is signing up to. An example is Lloyds and a current account. One would need their name, address, age, income and national insurance number to sign up.
Difference between current account and cash credit account?
i am a student and wanted to open my account should i open a current account or credit account
Can we keep 10 million in current account?
Most banks have a cap on the amount of money that you can keep in a current account, usually up to several thousand. So no, you cannot keep 10 million in a current account; you would most likely have to open a savings or investment account.
Who offers current accounts?
All banks offer current accounts. There are no restrictions as to who can open a current account. As long as you have money to pay for the initial deposit to open a current account, any bank will open one for you.
Can you open a brokerage account with cash?
no you cannot pay in cash to open an brokerage account.
Can you open the RBI current account for company?
RBI Stands for Reserve Bank of India. RBI is the central bank of India and they supervise the banking operations in the country. They do not provide banking accounts to individuals or company's So, the answer to your question is - No, you cannot open a current account for your company at RBI.
Can you open a saveigs account for a friend?
No. You cannot open a savings account for your friend. Only the concerned person who wants the account can open the account. Proxy account opening is not allowed.
Can you open a savings account for another adult?
No. A person can only open an account for himself. They cannot open an account on behalf of someone else. It is illegal and it should not be done. If I want a bank account, only I can open it and cannot ask or expect anyone else to do it for me.
Do you need NOC to open bank account with NBD?
Yes, I need for open a current account with NBD
Who cannot open no frill account?
farmer
What document needed to open a current account?
2 reference with current account, passport photograhy, utility bill
Who is not permitted to open the current account in bank?
It depends on local legislation, but generally minors are not allowed to open a bank account.
Why do lancer account cannot open?
just cuz
