Gratuity is a retirement benefit that is tax-free subject to certain rules. However, people often get confused about the various aspects of it. So in this article, we will discuss the meaning, eligibility criteria, rules,…
Banking
What is PRAN Card & How to get duplicate PRAN Card?
What is PRAN PRAN stands for Permanent Retirement Account Number. It was introduced on 1st January 2004. It is applicable only for the central government as well as state government employees till date. PRAN card is…
How to transfer money via IMPS, NEFT, RTGS, UPI, BHIM, IMPS & NUUP
Gone are the days when people stick to just one bank account for all their savings. One would like to transfer money from the bank to another and maintain a balance. Let’s say one bank…
Bank of India Account Closing Charges
Bank of Baroda Account Closing Charges: The charges for closing an account in Bank of Baroda is as follows: Savings bank account INR 222 Current bank account INR 445 NOTE: The charges are valid only if…
Cheque bounce meaning | Reasons | Penalty | Punishment | Case Time
In this article, we will discuss the meaning of cheque bounce, Reasons for cheque bounce, Penalty & Punishments for cheque bounce and Case Time. [toc] What is the meaning of cheque bounce? A cheque is…
Savings Account vs Current Account
The two most common types of bank accounts are Savings Account and Current Account. One must select which account to open in a bank depending on the purpose and features of the account. In this…
Bank of Baroda Account Closing Charges
Bank of Baroda Account Closing Charges: The charges for closing a savings account in Bank of Baroda is as follows: Savings bank account INR 200 Super savings bank account INR 500 EXCEPTIONS: No charges is…
Axis Bank Account Closing Charges
Axis Bank Account Closing Charges: The charges for closing the normal current account in Axis Bank are as follows: Less than 1 year INR 250 More than 1 year INR 500 The charge for closing…
Allahabad Bank Account Closing Charges
Allahabad Bank Account Closing Charges: Closure of Savings bank account of Allahabad bank are as follows: Account With chequebook INR 150 Account Without chequebook INR 100 Closure of current account INR 250 Note: Service Charges will…
Cheque Number, Cheque Format & Types of Cheques
[toc] We use cheques for many different transactions. Even though lots of newer payment methods have come up in the last few years, cheques are still used very often. Where is the cheque number? There…