Cheque is a document which guarantees the payee or bearer to get paid for a specific amount from the payer’s bank account. Your bank on demand from payee or bearer pays the specified amount after cross checking your signature with bank’s database. After opening your saving bank account or current account, you will be issued a bunch of Cheque leaf. These leafs can be used for … [Read more...] about What are the different type of Cheques issued in India
Finance
Now ATM PIN is mandatory for debit cards in merchant outlets
With effect from 1st December 2013, debit card holders will be required to enter their ATM PIN every time when they use their debit card in merchant outlets or POS. From the date of intimation, most of the banks have started sending SMS and emails to their customers for such awareness. But the question is how safe these transactions would be while entering your ATM PIN that … [Read more...] about Now ATM PIN is mandatory for debit cards in merchant outlets
How to Borrow Money from a Bank
Borrowing money can help you to smooth out the gaps between your income and expenses. It will help you to pay for larger purchases to enjoy the benefits straight away instead of waiting for your saving money to get accumulated. Before you borrow money, its necessary that you learn how to pay the amount or else you will be in trouble. In this article you will learn how to … [Read more...] about How to Borrow Money from a Bank
5 things you must know about your debit card
Debit cards are widely used in India for a variety of reasons. When you use it for purchase or withdrawal from ATM, it pulls out money from your bank account instead of charging to your line of credit. Based on your account type, bank will fix a per day withdrawal limit above which you can not withdraw from your account by using ATM machine. In this article we will be … [Read more...] about 5 things you must know about your debit card
5 best travel currency card to carry foreign exchange abroad
Before deciding the bank to choose, please remember you can carry only one travel currency card of the same currency at a given point of time. If you are traveling to more than one country having different currency at a single point of time then you may carry two travel currency cards subject to RBI’s limit. So choose wisely before your travel. If you want to take benefit of … [Read more...] about 5 best travel currency card to carry foreign exchange abroad
5 benefits of carrying travel currency card
Do you want to get out of the hassles of carrying traveler's cheque and worries of losing cash while traveling abroad? Now say goodbye to all these problems by carrying a travel currency card with you. With a travel currency card you can load your foreign exchange and use it just like your credit or debit card abroad. You are not required to have an account with the bank … [Read more...] about 5 benefits of carrying travel currency card
Base rate – How it impacts your loan
With the directives of RBI, banks in India have introduced a new concept called base rate. Under this new system banks are free to use any method in calculating their base rate provided it should be in consistent as required by RBI. Base rate is the interest rate that has been calculated by the bank on the basis of their cost of deposits and refers to the minimum interest … [Read more...] about Base rate – How it impacts your loan
4 things to remember while withdrawing money from ATM
It’s very important to take precaution no matter from where and which ATM machine you are using to withdraw your money. As individuals go to ATMs specifically for withdrawing money, thieves feel assured that these peoples will always have money with them. You need to take steps to prevent yourself next time when you visit your ATM for withdrawing money. Don't disclose your … [Read more...] about 4 things to remember while withdrawing money from ATM
5 things to remember while banking online
Fraudsters can make your life unsafe and miserable by stealing your user ID and password with an intelligent guess and then make you a victim of cyber crime. In order to safeguard you from these fraudsters, banks have employed multiple layers of security measures and interfaces. Even then it’s better for you to be aware of various kinds of threat or fraud to make your online … [Read more...] about 5 things to remember while banking online
Income tax Guide for Indian Bloggers
Major source of revenue for a blogger in India comes from advertisement, affiliate sales and consulting services related to blogging. Incomes generated from all these services are chargeable to income tax based on the slab rates as applicable to a blogger for the financial year in which its generated. A person can make his career in blogging by either working somewhere as a … [Read more...] about Income tax Guide for Indian Bloggers