How long is draft valid?
3 months How Long is a DD Valid? As per the Reserve Bank of India’s (RBI) guidelines, a demand draft is valid for 3 months from the date when the draft wa...
Which is better govt bank or private bank?
Government banks are understaffed and hence more work. Private banks are better managed and you can grow by performing better than your colleagues. In gen...
What happens if you cash a check that has a stop payment on it?
When you place a stop payment you place it at the bank that holds the account, and the teller’s check scanners at the bank will recognize the check if any...
What is expected future cash flow?
The cash flow an investor or company expects to realize from a project before that project begins. The actual cash flows received may be greater or less t...
What happens if you leave your money in a savings account?
The bank pays you interest on the money that you deposit and leave in that account. The bank then loans that money out to other people, only they charge a...
Which of the following is the advantage of universal banking?
The main advantage of universal banking is that it results in greater economic efficiency in the form of lower cost, higher output, and better products. M...
What does bartered mean in English?
: to trade by exchanging one commodity for another : to trade goods or services in exchange for other goods or services farmers bartering for supplies wit...
What is the difference between banking and non-banking?
Here are the differences between Banks and NBFCs: Banks are the government authorized financial intermediary that aims at providing banking services to th...
Who was the chairman of the Federal Reserve in 1979?
William Miller served as Chairman of the Board of Governors of the Federal Reserve System from March 8, 1978, to August 6, 1979. Paul A. Volcker served as...
How can I write a letter to bank manager to handover my Cheque book to my wife?
I request you to kindly handover the cheque book of the above-mentioned account to Mr/Mrs/Miss ____________ whose signature is attested below. I am enclos...
