Saving Bank Account vs Payment Bank Account Comparison, Differences

Saving and Payment bank Account Difference Meaning of saving account which provides interest held at a bank or other financial institution on the other hand payment bank is a new concept ...

Banking Sector: Bank Role in Finance Sector, Importance in Society Building

The bank is a lawful organization, which accept deposits that can be withdrawn on demand. It also lends money to individuals and business houses that need it. Role of Banking 1-It encourages savings ...

Bank Account: Eligibility for opening an account in Swiss Bank, History

FEMA: Eligibility for opening an account in Swiss Bank And "Great Council of Geneva" held in Geneva in 1713 In the meeting of the "Great Council of Geneva" held in Geneva ...

Banking Sector: Negotiables Instrument and various laws

Bank: The negotiable instrument described by various laws an...

PNB Bank Fraud Scam details, loophole details

Punjab National Bank Fraud Scam details, Letters of Undertak...

Aadhaar mandatory opening bank account & transaction above 50,000

Government makes Aadhaar mandatory for opening a bank accoun...

Paytm launches new feature to accept payments directly in banks

Paytm launches new feature where the merchants or traders ca...

RBI makes accounts opening KYC easy with OTP on mobile from banks

The Reserve Bank of India made the changes in the rules of k...

Labourers to get wages through Bank account, Payment of Wages Act

Payment of Wages Act, 1936 to soon amended, Labours to get w...