answersLogoWhite

0

What else can I help you with?

Continue Learning about Finance

Can an F1 student deposit cash into their bank account?

Yes, an F1 student can deposit cash into their bank account.


Can you cash a check issued by JP Morgan chase at Bank of America?

It depends:If you want to get cash directly from the check without having to deposit it into your bank account - NO. You can do that only from JPMC bank branchesIf you are planning to deposit the check into your bank account - YES, you can deposit the check into your account that is held with any bank across USA


How can I deposit cash into my business account?

To deposit cash into your business account, you can visit your bank branch and use the deposit slip provided by the bank. Fill out the required information, including your account number and the amount of cash you are depositing. Hand the cash and deposit slip to the teller, who will process the deposit and provide you with a receipt for your records.


What is the cash reserve ratio in India?

Cash Reserve Ratio or CRR in India is the amount of money that every bank has to deposit with the RBI per customer. Every time a customer deposits cash to the bank, the bank has to correspondingly deposit a portion of that cash to the RBI. RBI decides this percentage of money that each bank has to deposit with it.


What is cash reserve ratio or CRR?

Cash Reserve Ratio or CRR in India is the amount of money that every bank has to deposit with the RBI per customer. Every time a customer deposits cash to the bank, the bank has to correspondingly deposit a portion of that cash to the RBI. RBI decides this percentage of money that each bank has to deposit with it.

Related Questions

What is the journal entry for cash deposit for Fixed deposit in bank?

debit bank accountcredit cash / bank


Can you told me the Meaning of cash deposit?

A cash deposit is when you take actual cash (dollars and coins) to the bank and deposit them.


Can an F1 student deposit cash into their bank account?

Yes, an F1 student can deposit cash into their bank account.


Can you cash a check issued by JP Morgan chase at Bank of America?

It depends:If you want to get cash directly from the check without having to deposit it into your bank account - NO. You can do that only from JPMC bank branchesIf you are planning to deposit the check into your bank account - YES, you can deposit the check into your account that is held with any bank across USA


What is the general journal entry for cash deposit?

Cash deposit to bank has contra entry as follows: [Debit] Bank account [Credit] Cash account


What is a bank CD?

A CD refers to a Certificate of Deposit. It is a certificate given to you by a bank for depositing cash with them. They would pay you an interest for having the deposit with them.


What does CD stand for banking?

A CD is a Certificate of Deposit, which is a financial product that pays a higher rate than a traditional savings account in exchange for an agreement that the deposit will remain in the bank for a fixed period of time. Periodic statements are not typically issued for a CD. Some banks such as Bank of America offer a hybrid or flexible savings plan that combines elements of a savings account and a CD. With these accounts, it is possible that a monthly or quarterly statement would be issued.


How can I deposit cash into my business account?

To deposit cash into your business account, you can visit your bank branch and use the deposit slip provided by the bank. Fill out the required information, including your account number and the amount of cash you are depositing. Hand the cash and deposit slip to the teller, who will process the deposit and provide you with a receipt for your records.


What is the cash reserve ratio in India?

Cash Reserve Ratio or CRR in India is the amount of money that every bank has to deposit with the RBI per customer. Every time a customer deposits cash to the bank, the bank has to correspondingly deposit a portion of that cash to the RBI. RBI decides this percentage of money that each bank has to deposit with it.


What is cash reserve ratio or CRR?

Cash Reserve Ratio or CRR in India is the amount of money that every bank has to deposit with the RBI per customer. Every time a customer deposits cash to the bank, the bank has to correspondingly deposit a portion of that cash to the RBI. RBI decides this percentage of money that each bank has to deposit with it.


Can a bank deposit a check with no id?

Most banks will let anyone deposit a check, even without ID. They do not cash checks or allow money to be taken out of the account without ID.


What is cash deposit ratio?

Cash deposit ration is the amount of money a bank has available for a customer to withdraw. This is a certain percentage of the total money paid into the bank.