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Banking

Banking is the process of engaging in the business of keeping money for savings and checking accounts, issuance of loans and credit, and the like. This is an industry that is strictly regulated by the government.

24,470 Questions

Is HDFC bank is Indian bank?

There are two banks in India that have these names. HDFC Bank is a private bank whereas Indian Bank is a government bank. So, if you are asking if they are one and the same, the answer is No.

But, if your question is referring to where HDFC bank originates, then yes, HDFC Bank is an Indian Bank that operates both in India and across the globe.

Why do you need a pin in a ATM?

To verify to the ATM machine's software that you are who you say you are.

What is agency banking?

Similar to Banking for any person, it's just based solely on the agency of any institution of any given country

How old do you have to be to get an over draft on a bank account?

Old enough to get a bank account.

If you withdraw more money than you have, no matter your age, you will get an overdraft.

What is the CIF number for the Central Bank of India?

The CIF number of The Central Bank of India is: 7145467005 . However, it is best to call the bank personally to ensure the number has not recently changed.

What is the BCA bank branch number in Kuta Bali?

I have to make a payment via Western Union to the CBA Bank in Kuta, Bali Indonesia.

The SWIFT number/code is CENAIDJA. But Western Union requires to BANK CODE (max 3 characters) and BRANCH CODE (max 4 characters).

Can anyone help here?

Is a cheque negotiable instrument?

No. A cheque is a non-negotiable monetary instrument. The value of the cheque cannot be modified or negotiated and hence the term non-negotiable. The amount filled up by the cheque issuer is the value of the cheque and it would not change.

Why do banks offer no frill accounts?

Probably so that they can attract customers that prefer fewer amenities and fewer restrictions on the accounts. Often, if you get a student who zeros out his account often, while in college when he prefers that type of account, you can retain him as a customer later, when he starts to earn more money.

Also, even though no frills accounts often attract lower deposit sizes, a lot of those low deposit sizes still adds up to a lot of money.

What are the positives for ebanking?

  1. You can control several accounts in one place - check balance, transactions log, outstanding orders ETC
  2. You can access you accounts anywhere and anytime (while you travelling, when the branch is closed ETC..)
  3. You can pay your supliers/bills
  4. You can control the access level to the account - each users having it's own permissions
  5. You can download statements/excels ETC..

Have multiple bank accounts how should you report interest received?

You can ask for an interest paid-out statement from each of the banks where you have accounts. At the end of the year when you file your taxes, you can consolidate all these statements and then sum up the total interest you received from all the accounts put together. This total sum must be considered an "Income from other sources" and should be clubbed up with your total annual income for taxation purposes.

For ex: If you received Rs. 5000 from bank A, Rs. 4000 from bank B and Rs. 6000 from bank C your total interest income is Rs. 15,000/-. If your annual income was Rs. 4,50,000/-, the total income including the interest income will be Rs. 4,65,000/-

How do you write a check for ninety dollars?

On the line to the left of the word 'dollars': Ninety and 00/100

In the small block next to the dollar sign: 90.00

What is BFL Douglas GB because they are taking money out of my bank account up to 3 times a month and I don't know what for?

I had the same problem, it is as scam site. If you entered ever your bank details on a comparison site for insurances, loans etc. They took your details from there. I never check my bank statements like you should. They had took it out for 7 months 2 or 3x a month. My bank refunded it all when I complained its fraud and they will keep taking unless you go complain. By the way, my bank told me they class themseleves under merchant business betting. If you google it there are lots more with the same

What was the bank run of 1930 an what are some reasons it happened?

The bank run was when all the people from the town wanted to withdraw all there money at once

What is the maximum amount of cash you can deposit in Savings bank account without PAN card?

Technically speaking - it is 49,999 rupees. As per the mandate by RBI, you are required to produce your PAN card if you are depositing more than Rs. 50,000 into your bank account. However, just because you need not submit PAN Card does not mean your transaction will go unnoticed. Any unusual transaction and large volume transaction will be monitored by the bank and will be reported to the RBI and Tax departments if the bank feels suspicious.

How many types of loans are given by sbi?

SBI offers many different types of loans. Some are:

a. Home loan

b. Car loan

c. Two-wheeler loan

d. Automobile loan (For commercial vehicles like vans, trucks etc)

e. Personal loan

f. Mortgage loans

g. Gold loan

h. Loan against shares

i. Educational loan

j. Etc

SBI is the largest bank in the country and they offer almost every kind of loan that you can possibly think of.