The blog explains the implications of a dishonoured cheque, including potential legal consequences, penalties, and alternatives to avoid such issues. It outlines the reasons cheques might bounce, the legal repercussions for the issuer, and practical tips for avoiding dishonour charges through digital banking and proper cheque management.
The blog explains the features and advantages of Non-Resident External (NRE) Accounts, which allow NRIs to deposit foreign currency into Indian banks, benefit from tax exemptions on interest, repatriate funds internationally, and use the account for personal, business, or investment purposes in India.
The blog explains the benefits of transferring money to a Non-Resident External (NRE) account, highlighting features such as unlimited transfers, high interest rates, tax exemptions, and global accessibility for NRIs.
