Venkkatesh K banking Banking, Finance, questions-and-answers 3
The person who drawn the Demand Draft (DD) or the purchaser of the DD will be having the authority to cancel the DD at any time after it was issued by the Banker. And there are certain rules formulated by the Bankers on their own and even must abide by the Guidelines of the Reserve […]
Venkkatesh K banking Banking, Finance, letter-drafting 0
Savings Account will be closed by submitting the Cheque Books, ATM Cards, and other required instruments that are related to the Account. And account will be closed by the Accounts Officer within an hour if the required documents are submitted along the Request Letter by the Account Holder. While closing the Bank Account charges for […]
Venkkatesh K Uncategorized Banking, Finance, negotiable-instrument 0
A Cheque also spelled Check in American English, is an instrument in the form of a piece of paper printed in a specified format following the guidelines of the Financial Institutions (Banks) that demands the Institutions to pay off a specified degree of amount in a specific Currency mentioned on it against an Account Number(Bank […]
Venkkatesh K Uncategorized Banking, Legal Documents, letter-drafting 0
Bank Statement will show you the financial record, pertaining to a particular period. Obvious we get our day to day bank transactions in the Bank Passbook, yet in some cases it is mandatory for us to obtain a separate Bank Statement from our banker it might be the reason that you might be obtaining Bank […]
Venkkatesh K Uncategorized Banking 151
Cancellation of a Demand Draft (DD) will be processed by Bank Officer based on the certain guidelince issued by the Reserve Bank of India and some internal verification procedure. Whenever we wanted to cancel a DD either it was drawn using the Cash or with a Account Payee Cheque, you need to contact the Branch […]
Venkkatesh K Uncategorized Banking 6
In this society DD or Demand Draft is taking a major role as so many Institutes, Organization are forcing the people to furnish the DD instead of an A/c Payee Cheque, as this is the secure way to clear the funds than an Account Payee Cheque because of Insufficient Funds problem. If you are applying […]
Venkkatesh K Uncategorized Banking 0
Every Bank either the Commercial or Centralized/Nationalized bank follow the most of the common credentials for the Opening an Account of an individual in its bank as per guidelines by the Reserve Bank Of India. Having a Savings Account is a most required thing for the common person to gain financial reservations from the government […]