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 concept and benefits of Savings Accounts through a story illustrating how depositing money earns interest over time, and highlights the ease of access, safety, and convenience of using these accounts for managing and growing personal funds.
This blog provides a comprehensive overview of the Basic Savings Bank Deposit Account (BSBDA), highlighting its benefits, conditions, and how it serves economically weaker sections by offering a no-minimum-balance savings option. It also details the process for opening a BSBDA and the conditions that apply.
The blog explains the evolution of Savings Accounts from basic deposit and interest-earning tools to modern accounts offering various features like online banking, cashback, higher interest rates, and more, enhancing the overall banking experience.
The blog discusses how a Kid’s Savings Account helps children learn banking and money management skills by allowing them to operate their own accounts while also outlining the process for opening such an account and its benefits for future financial planning.
The Sweep-in facility links your savings or current account to fixed deposits, allowing automatic transfer of funds when your balance falls short. It ensures smooth transactions while earning higher FD interest on surplus money. Funds are withdrawn in small units from the latest FD first, offering flexibility, better returns, and uninterrupted access to your money without extra charges.
