Types of Joint accounts in Banks

Types of Joint accounts in Banks

Posted Leave a commentPosted in Banking

What is a joint account? Joint account is a bank account in which two or more persons are account holders to operate the bank accounts.  Why do you need a joint account? A single operating account is more comfortable and independent to operate. However, sometimes in the absence of yours, there is a need for […]

How to make a demand draft (DD)?

Posted Leave a commentPosted in Banking

There are many negotiable instruments to receive or transfer money such as cheque, bill of exchanges, demand drafts, etc. Although now, India is moving towards digital India with various digital payment platforms to transfer money instantly but still as the safest mode, there are some government agencies, schools or institutes that ask you to submit […]

FORM 15G IS A SUICIDE FORM

Posted Leave a commentPosted in Banking

Form 15G/H is a type of declaration to be filed by an individual/a person not being a company or the firm in order to receive certain payments like dividends, interest on securities, interest other than interest on securities, national saving schemes, and interest on units without deduction of tax at source (TDS). Generally Banker’s advice […]