People often face the issue of accidentally sending money to the wrong account. If it’s within the same bank, resolving the problem is straightforward and easy. In such a case, your bank might be in a better position to help you out. But, if this same issue happens when you are paying to another bank account. Like faulty payments through NEFT or RTGS, how do you solve the problem?  That’s a little bit complicated, but you know? It’s possible to reverse the transaction. If you have made the same mistake, here’s what you need to do, in order to get your money back. Let’s begin with NE ..read more

Most of you must have heard about recurring deposits. So, what is a recurring deposit? And how do you open recurring deposit accounts at the bank? Let’s understand the product briefly. A recurring deposit is a deposit that enables you to save money at regular intervals. Usually, it is a monthly savings plan. You can open this account for 1 to 10 years with decent interest rates, the same as FD rates. From nationalized banks such as SBI, PNB, Canara Bank, UCO Bank, and Vijaya Bank to private limited banks such as ICICI, HDFC, and also at the post office. You can open an RD account instantly at ..read more

Having the ability to maintain a bank account smoothly at Indian Overseas Bank is what every consumer would like. As such, knowing Indian Overseas Bank timings is crucial. Sometimes you have to visit the bank to complete certain tasks, such as cheque clearing, cash deposit, cheque request, ATM request, fund transfers, and so on. But have you ever been in a situation where you have to wait in a long line for your turn? It’s quite common, and all of us have gone through the same scenario. It comes in handy when you know the Indian Overseas Bank timings. Other than general holidays, we are going ..read more

Do you need to have a balance certificate and are still wondering how to get it? It is simple; all you need to do is apply online or offline. We will discuss how to apply and get it done in no time. But before that, let us see what a balance certificate really means. What is a bank balance certificate? A bank balance certificate is a certified copy of your bank account balance on a particular date. It could be your savings bank account or your current account. The terms balance certificate and bank certificate sometimes get confused. A bank balance certificate is particularly meant for the acc ..read more

When it comes to saving money, we usually think of a fixed deposit in a bank. Just visit the bank, provide your bank account details, and open an FD account in your name. That’s it! This is what most of us would do to get a little higher interest rate than the savings bank rate, which is pretty low. As a matter of fact, when you keep your money in a savings bank account, you would get an interest rate of around 2 to 3 percent per year. This literally means that the fund that you have is idle and does not serve any purpose. Today in this post, we are going to explore some of the government depo ..read more

One can easily maintain and manage a bank account if he understands some of the basics of a bank account. Irrespective of where you operate your bank account, the terms of a bank account are similar. Taking out a bank account statement, requesting an ATM card or a chequebook, registering a contact number, and registering for online banking and mobile banking are some of the basic tools for the smooth functioning of a bank account. Including a bank account transfer from one place to another. That means, knowing how to transfer your bank account from one branch to another is quite important. In ..read more

The old way of sending money to someone. Before the core banking system was implemented in banks, people used different methods to send their money.  A demand draft is one such instrument that allows people to transfer money in such a way that they don’t have to carry a large sum of money to different locations. It works like this: you deposit money at the bank and advise the bank to enable withdrawal at a specific location. In return, the bank gives you a token in the form of a paper instrument. The other branch of the bank will honour the instrument upon presentation. We have also seen ..read more

Have you ever needed the CIF number of your account and are clueless about where to get it? Banks use CIF numbers all the time. Every transaction that you do involves CIF, without it, there is no account. What is a CIF number? A CIF stands for Customer Information File. It is the first and foremost thing banks create before an account number is generated. A CIF is an 11-digit number that stores all the personal details of the account holder.  Both personal accounts, as well as non-personal accounts, have a specific CIF number allotted to each customer. A CIF stores the personal details of ..read more

Whenever you are unable to use an Axis bank ATM card with the reason “invalid card,” there may be some internal ATM card issue. In this case, contacting the bank and requesting a replacement card is usually necessary. Other times, the issue may be related to the ATM machine itself. But if you notice the same result at multiple ATMs, then your ATM card is probably having problems. It’s important that your Axis Bank Delight debit card be active at all times. Inactive or non-functional debit cards may cause disruptions in your daily transactions and lead to unnecessary frustration. How do you fix ..read more

Even though most of us prefer online payment, we have to have a chequebook with us all the time. If you have a bank account without a chequebook, you may have problems at any point in time. Here’s why? When online payment and other digital payment modules are not functional, you cannot transfer money or withdraw cash from an ATM. That’s when your chequebook will enable you to access your bank account and withdraw money. So, today we are going to share some of the easy ways you can apply for a chequebook at Axis Bank. You can either apply for it online or you can visit the bank and apply for a ..read more