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In the financial world, the term “cheque bounce” is alarming for both payers and payees. This article explores the complexity of cheque bounce cases, Detail insights on legalities, consequences, and the crucial role of a well-crafted legal notice. Cheque Bounce: Understanding the Legal Framework Understanding Section 138 of NI Act As per the Indian law, […]

What is Life Certificate for Pensioners ? “A Life Certificate is an essential document for people receiving a pension from the Central Government, State Government, or any other Government organization. It serves as proof that the pensioner is currently alive. This certificate must be submitted by pensioners to authorized pension disbursing agencies such as banks,

Joint Account to Single Account- A Complete Guide : Joint bank account provides the convenience of shared financials, But there are some circumstances where we need to remove or delete the one person name in the account. In this article we will learn about the Process of Name deletion in a Joint account. Documents required

Many times people want to add someone with their existing bank account. This may be due to marriage, Family reasons Or Business related reasons. A joint account is a type of bank account that is owned and operated by multiple individuals. In this article we will learn about the Process of name addition, How to convert

Many times, people stop using their bank accounts. This might have happened due to various reasons, such as Using other bank accounts as primary accounts, the unavailability of ATM, Cheque book or Internet banking etc. In such cases, those unused accounts go Dormant. In this article, we will understand the complete details related to the

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In India many people save money in banks and fixed deposits, but the interest they earn on these accounts is taxable. To keep all the interest without any tax deductions, you can fill out Forms 15G and 15H.  Under section 194A of Income Tax, Banks have to deduct TDS (tax deducted at source) when your

Understanding Cancelled Cheque: Cheque is an important financial instrument. In many instances, it becomes necessary to submit Cancelled Cheques. In this article, We will understand the significance of a Cancelled cheque. How to write a Cancelled cheque, Purpose, Usage and precautions related to it. What is a Cancelled Cheque? A Cancelled cheque is a cheque,

Understanding Positive Pay System : Cheque transactions are very common in India. Cheques are the most popular instrument for doing day to day transactions. But Cheque forgery is one of the most common and serious types of fraud. To safeguard the customers and combat the growing cheque fraud, The Reserve Bank of India (RBI) has

Introduction Integrated Ombudsman Scheme : In the dynamic landscape of the Indian economy, the banking sector plays a vital role as its backbone. Technological advancements and innovative banking methods have contributed to the ease and strength of the system. However, banks continue to shoulder a significant burden, leading to instances of disputes between customers and