What is a business current account? We have seen savings bank accounts and their related products that we use for personal transactions. We cannot use these savings bank accounts for business transactions. When you start running a business of any sort, having a business current account is one of the main necessities. This would enable … Read more
Are you having trouble logging in after your SBI branch approves the YONO business password reset request? Most of the users get confused thinking about the next step to be done after getting approval from the bank. It’s clear that either user do not have time to go through the YONO brochures or they are … Read more
What is a dormant account? A dormant account is a classification of an account by the bank or financial institute based on the uses of an account by the account holder. It helps the bank to identify the inoperative accounts and take appropriate measures on time and avoid income leakage as well as unwanted complications … Read more
What do you know about the initial funding of an account? Well, the initial funding of an account is the amount that you need to deposit when an account number is generated for the first time. Other than initial funding, you may come across MAB or QAB, which stand for Monthly Average Balance or Quarterly … Read more