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Insurance

PMJDY – How To Get Rs 1 lakh accidental Insurance benefit ?

PMJDY - Pradhan Mantri Jan-Dhan Yojana - What are the procedure to get Rs 1 lakh accidental Insurance benefit under this scheme. Accidental insurance of Rs 1 lakh is integral part of RuPay Classic debit Card and RuPay Kisan Credit Card. If a customer has already opened account, he need not to open another account, he may be issued RuPay Card to avail the facility of accidental insurance.

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PMJDY

PMJDY – Who is eligible to open account in PM Jan Dhan Yojna?

PMJDY - Pradhan Mantri Jan-Dhan Yojana - Every citizen of India above the age of 10 years can open BSBDA Account under PMJDY who does not have saving account with any bank, is eligible to open account under PM Jan Dhan Yojna.

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Bank Account FAQs

Register Complaint To Syndicate Bank

Register Your Complaint To Syndicate Bank - A Public Sector banks provided various banking services including loans, Deposit etc. All the customers of Syndicate Bank may register their complaint through form mentioned here. The registered complaint will directly be set to respected branch/office of the syndicate bank.  REGISTER YOUR COMPLAINT [member][user-submitted-posts][/member]

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Credit Cards

Can A Bank Reduce Credit Limit of Credit Card ?

A Very Common Question asked by many of the customers who are availing the Credit Cards - Can A Bank Reduce Credit Limit of Credit Card ? Bank under their own discretion may increase and decrease the Credit Limit of Credit cards under prior information to customers. RBI says that when the credit limit is reduced the bank must inform the card-holder immediately by SMS / e-mail followed by a confirmation in writing.

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Banking Terms

Define Acceptnace in Banking

This is drawee? acknowledgement of the LIABILITY on a BILL OF EXCHANGE, in writing on the instrument itself. A bill may also bear the co-acceptance by a bank, which is a guarantee to honour the instrument in the event of default by the drawee.

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Banking Terms

Define Arbitrage

The simultaneous purchase and sale transactions in a security or a commodity, undertaken in different markets to profit from price differences.

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Banking Terms

What is Accrual Basis ?

A method of accounting that recognizes revenues and expenses as they accrue, even though cash would not have been received or paid during the accrual period.

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