Bank accounts often have two balances, one known as the ledger balance and the other as the available balance. A ledger balance is updated every day and incorporates previously cleared deposits and withdrawals. An available…
Monthly Archives For September 2022
How to know Account Holder name by Bank A/C number?
It is common for people to be concerned when they are requested to send money to an account number but wish to double-check the account holder’s name for comfort. This becomes more difficult because not…
What is Account Payee Cheque?
Cheques are a common method of payment in India since they are both safe and straightforward. Many cheques, such as crossing cheques, holder paycheques, and ac payee cheques, confuse people. For a better understanding, let…
Ledger Balance vs. Available Balance
Financial institutions employ a variety of terms to distinguish between various aspects of their operations. Let us examine two of them: the available balance and the ledger balance. These terms may be unfamiliar to you,…