WhatsApp banking is now a basic facility offered by the majority of banks. Since its launch in 2020 in India, banks have partnered with Meta-authorised Technical Service Providers to extend their services on this messaging app. Attributing to its convenience and instant processing, it is now growing in popularity as a banking option. For instance, …
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A Vostro account allows banks to extend their services to customers when they are travelling abroad. Since a bank can’t have branches in every city of every country, this is an effective solution that helps customers residing outside the country. Knowing about these banking services allows you to choose and open an account in a …
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Wondering, ‘Can I transfer money from an ATM?’, the answer is yes and this option can come in handy when you don’t have internet access and don’t want to make a branch visit. Moreover, it’s an easy process very similar to withdrawing cash. That’s not all. Most banks also provide a plethora of services, making …
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mPassbook or mobile passbook is a facility banks provide to their customers, allowing them to keep track of their accounts. It connects your savings account or current account to your mobile, allowing you to access your statement of account instantly and remotely. This means you can know your account status anytime, without making any branch …
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Cheque bounce charges are a penalty amount that you must pay when the cheque fails to provide the promised amount. When you make a cheque, it is an agreement to pay the mentioned sum bound by the law. If a payee presents a cheque and the bank doesn’t make the payment, citing the reason of …
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Choosing a pay order vs demand draft depends on your payment requirements and several other factors. This is because while these banking instruments serve the same purpose, they differ in features. Although the use of these payment methods has reduced over the years, several merchants and individuals still rely on them. As such, knowing the …
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Knowing what is the MMID code for your account makes sending and receiving funds instantaneous, thanks to the Immediate Payment Service (IMPS). This is a fund transfer facility offered by the National Payments Corporation of India (NPCI). With the growing popularity of online banking options, you don’t need a bank account number and IFSC code …
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A post-dated cheque is a negotiable instrument that promises payment for future dates. When writing this cheque, the drawer adds a future date for encashment based on the need and fund availability. Thus, a post-dated cheque comes with a validity period specified by the law. Knowing about this type of payment method ensures that you …
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Choosing between IMPS vs NEFT electronic fund transfer options depends on multiple factors. These two options serve the same goal of making convenient fund transfers but have many distinct features and benefits. Old-school fund transfer methods allow you to send and receive a higher amount through multiple channels. Therefore, many private and government agencies rely …
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To keep track of your Punjab National Bank account balance is easy. Simply know the PNB balance check number and other alternative options that can help you evaluate your transactions. There are various ways to help you check your account balance. Read on to know about these options to help you initiate a Punjab National …
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