Banking

There are many different types of accounts offered by banks. Some of the main ones are:

a. Savings Accounts

b. Checking Accounts

c. Time Deposit Accounts

d. Recurring Deposit Accounts

e. Overdraft Account

f. Etc

eat it

To access your SBI Savings account online, you need to request for an online banking login id and password from SBI Bank. Once you submit the request you will get a login id and password. Using the id and password you can access your account online.

Both opening and closing an account can be done by visiting the branch where you want/hold the account. To open you need to provide details like identity proof, address proof etc. to close you need to take with you your bank passbook, any unused cheque leaves, ATM card etc and then surrender all of them. Once your account is closed the bank will handover any cash that may have been held in your account before closure.

overdraft charge

debit you own the bank

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.

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.

That would be a breach of their fiduciary duties.

In order to open a student account, you will need a valid student id that is issued by a registered and recognized school/college/university. Student accounts come with privileges like low minimum balance, lower fee etc to encourage students to save money. Such services aren't provided unless you can produce a valid student id card. The student account will become a normal account the moment you graduate from your school/college.

All you need to do is, visit a nearby bank that offers student accounts along with your student id and some cash to start the account.

• Credit unions (which are basically banks)
• ATM
• Insurance Firms
• Pawn Shops
• Cashier's Check Issuers
• Check Cashing locations
• Payday Lending
• Currency Exchanges
• Microloan Organizations

In banking parlance, Credit refers to a transaction where funds came into the account under question and Debit refers to a transaction where funds were taken out from the account. For ex: If your company deposits your salary into your bank account, it will be a credit transaction. Similarly, if you use your ATM Card and withdraw some money, it will be a debit transaction.

It is thousand notes make a bundle. Actually, bundle is made up of packets. A packet have hundred notes.

NBFC stands for Non-Banking Financial Company. An NBFC is a financial company that provides services like mortgage loans, financial advisory services etc but does not provide banking services like saving/checking accounts, fixed deposits etc. NBFC's can provide any financial service but they cannot collect deposits from customers whereas Commercial banks can accept deposits.

This way, they are different from regular banks.

The steps do deposit cash using a cash deposit money is as follows:

1. Either insert your ATM Card and enter your PIN or manually enter your bank account number

2. Choose "Cash Deposit" as the option

3. The machine will ask you to choose the account you wish to deposit - select the correct account

4. Insert cash into the slot where cash will be received

5. Press - Submit

6. The slot will close and the machine will take in the currency and start counting

7. Once counted it will display the amount deposited along with the denominations of the currency deposited

8. Click - Ok to confirm

9. The machine will recount the money and credit it into your account

10. Any invalid or crumpled or damaged currency will be returned by the machine

11. Collect your ATM Card and you can leave.

two to three working days

its need for know your account balance and some other purpose.

The bank passbook maintains a true and composite picture of business transacted by an individual during a particular period. The passbook has to be updated periodically for latest accounting information. Few banks issue bank statements in lieu of passbook. With the inception of net banking, the importance of passbook has been abated to a great extent, where an account holder can visit his account and download the detailed accounting information sitting at home.

The CIF number on a bank passbook refers to the Customer Information Files which stores any information about the customer's account and personal information that is deemed pertinent. This information can be viewed not just by account type but by relationship with the bank as well.

Numerous types of bank loans are available for customers. Some of them 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

If you want Rs. 1 lakh per month from a bank deposit as interest you need to deposit Rs. 1.5 crores in a fixed deposit that pays 8% interest per year.

@ 8% your deposit of 1.5 crores will earn Rs. 12 lakhs as interest every year which when divided by 12, you will get 1 lakh every month. Banks will be more than happy to even offer a slightly higher rate - sau 8.5 or 9% for such large deposits.

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.

If you apply for a personal account, yes. There are many account types available each with their own perks.

In the account opening form, all particulars of the account holders are incorporated including photo,specimen signatures which are vital for banking operations and future records.

This is a direct deposit for the GI Bill, which is awarded for college funding to GIs.