A situation may arise when the bank does not permit any transaction in your saving account. It is the account which was opened but never operated for a long time. It’s a dormant account.Only the saving or current account becomes dormant.Even if the account is declared as dormant account, Bank keeps on crediting interest on […]
Category: Bank Matters
Bank Mergers – Consolidation of Public Sector banks
COVID-19 has almost brought to halt everything in this world. The impact on the world economy as well as the Indian economy is expected to be huge. However, it could not stop the Indian Government from implementing its decision for the merger of banks. Last year, the Finance Minister had announced the merger of ten Public […]