Banking Ombudsman is a appellate authority for making complaints relating to services rendered by Banks. And provide resolution in timely manner to the issues faced by customers with the banks. The Banking Ombudsman Scheme is introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from 1995. The same has […]
What is Banking Ombudsman Scheme? Scheme Details Read More »
Monetary Policy is the Norms and Policies set by Monetary Authority (Usually the Central Bank of the Country) to make a stable Economy. Thus the Monetary Policies are aimed at creating a Trustable and Valuable currency that will bring a stable growth to the economy. Reserve Bank of India (RBI) the Central Bank and Monetary
Bank Accounts become essential for everyone with the rapid adaptation of digital transaction in India. With the Financial Inclusion program introduction and subsequent efforts by Government made towards easing of KYC requirements the banking facility available to all sector of the people. The greatest struggle faced by the government to bring the Financial services to
Types of Bank Accounts Based on the KYC Documents Read More »
KYC short for Know Your Customer is a policy set up by every financial institution to identify and monitor each customer and to monitor their financial transactions. Other words it is how they identify, monitor and make a profile of you based on your transactions in your account. This will help the bank in categorizing
What is KYC (Know Your Customer) Policy in Banks? Read More »
Banking sector provides two basic accounts for the customers as an operative account they are Savings Account and Current Account. You might be new to banking and want to open a new account and does not know which one will suit you Savings or Current account. Or you are already having a bank account but
Comparision of Savings Account And Current Account Read More »
