If you think this can be a very simple thing as to WHY your cheque may bounce… it is not. There are lot of factors to it, and here I am discussing the same today. Or atleast we think we know but at times ignore some important things for dishonour of cheque. Here are 6 […]
How to open a Minor Account for Children in India
Opening a bank account for a minor is a great idea and can go a long way to teach them the savings habit as well as a good way to plan for their future. Here’s how to open a minor account in India. Opening a bank account for kids is a great way to teach […]
Wrong NEFT Transactions; Now What? It is not as simple as it sounds
We all use online banking for transfer of funds and usually the method that most of use is NEFT. However convenient it is, what would you do if the money is transferred to a wrong account or you have received the money from a Wrong Account? NEFT or National Electronic Fund Transfer is used for […]
8 Internet Banking Mistakes most of us make
Internet banking is a boon and a great time saver in our lives. However, internet banking also comes with its fair share of risks and most of them are caused by our own mistakes. Here are some internet banking mistakes to avoid in India. Online banking is used by almost everyone these days at least […]
Types of Joint Accounts in India
While opening a joint account one must know which type of Joint Account in India they need to open since there are different types of Join Accounts, for different purposes. Opening a Joint Account has its fair share of advantages and disadvantages as we discussed in an earlier post. One needs to be sure of […]
Joint Bank Accounts: Is it a good idea?
Is there any reason you should go for a joint account? Are there any advantages of Joint Bank Accounts or it only complicates your finances? Bank accounts are something we all have and for an individual to have access to one’s own account, the account is in their names. There are however also bank accounts […]
How to write a cheque in India?
*Update: 7th March, 2015 Writing a cheque is probably the easiest thing to do right? Well, maybe. But there some simple things we overlook while writing out a cheque to someone that can easily be misused. This post will discuss the ‘hows’ and’ whats’. You all may think that what’s a big deal in writing […]