Posted on 2nd June 2019
What is the Indian Currency The official Indian currency is Rupee. Reserve Bank of India issues and controls Indian rupees. The word “rupee” originates from the Sanskrit word “raupya” meaning “silver”. India currently issues banknotes in the denomination of 10,…
Posted on 13th September 2009
There has been a myth/misconception among almost all Indians that Indian Politicians and Cine Actors are having a lot of “Black Money” in foreign banks, especially at Swiss Bank. However, the Swiss Banks have ascertained that any statistics about such…
Posted on 28th September 2009
India and several other countries have been demanding from the Swiss Banks and the Government of Switzerland informations from Swiss Banks on deposits of people of their countries, who evade tax and keep their black money safely with Switzerland. Now,…
Posted on 16th November 2009
The Credit Cards in India are associated to International Cards like:- Visa, Master Card and American Express. As per the ‘RBI Annual Report’, the value of credit card transactions were Rs 65,356 crores in the year 2008-09. Almost Rs 60,000…
Posted on 28th August 2014
Narendra Modi’s NDA Government has launched a new scheme of opening bank accounts to the people of India, aiming at eradicating ‘financial touchability’ prevailing in the country even after 68 years of independence of India. While the ‘Father of the…
Posted on 25th November 2009
The following are the “BANK HOLIDAYS”, in the State of TAMILNADU. declared by the Government of Tamilnadu, under the ‘Explanation’ to the ‘Section 25’ of the “Negotiable Instruments Act, 1881”, (‘The Central Act XXVI of 1881’), read with the Notification…
Posted on 2nd November 2008
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Because of complete/full Computerization in Banks, it is true that Customer Service has become faster and accurate. In the olden days when manual Accounts Ledgers were maintained and Manual Pass Books used to be issued to customers of banks, many…
Posted on 1st July 2008
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different types of accounts with Banks in India.We can open Broadly, the accounts we open with banks may be classified into the following two types:-I. Deposit Accounts & II. Loan Accounts I. Deposit Accounts:- 1. Fixed Deposit account 2. Recurring…
