Blog articles related to General Banking Services
How to get Federal Bank Account Statement?
A bank account statement outlines all the transactions and activities that have occurred within a specific bank account for a certain period of time. Learn about various ways to get your Federal Bank account statement.
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Positive Payment System Explained
A positive pay system (PPS) ensures that a cheque issued by an account holder is transferred correctly. This process includes reconfirming cheque details with receiving banks for cheques of large values and is done online.
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How to detect fake notes?
You can identify a forged note if you know about the security features present in a genuine Indian currency note. The unique security features implemented for each denomination will help you to identify whether a currency note is genuine.
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Should you invest in Sovereign Gold Bonds (SGB) ?
A sovereign gold bond (SGB) is a security issued by the Government of India. It is suitable for investors who are looking to invest in gold, but do not want the inconvenience of holding physical gold.
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NRE V/s NRO Accounts
Non-Residential External (NRE) and Non- Resident Ordinary (NRO) Accounts are the two types of accounts that NRI customers can open. Learn more about difference between NRE and NRO accounts.
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What is KYC in Banking
KYC means "Know Your Customer". It is a process by which banks obtain information about the identity and address of the customers. The KYC procedure is to be completed by the banks while opening accounts and also periodically update the same.
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Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances
In tune with the guidelines issued by RBI, the Bank has issued clarifications on Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances.
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What are the DTAA Benefits for NRO Fixed Deposits
Double Taxation Avoidance Agreement (DTAA) is an agreement entered by India with various countries by which customers can enjoy concessional rate of TDS, providing a higher yield as compared to the regular NRO FD offered today.
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