askbankifsccode

What is PPF Account? PPF is an acronym for Public Provident fund which is an account for Provident Fund that is available to everyone. Usually, PF is given to the employee by the employer as a job benefit which is known as EPF but PPF account is for everyone who wants to save the money for their retirement. The PPF account is the best account as it is regulated by the Central Government which makes the account to have a guaranteed return and one of the best Return on Investment. In this article, we will discuss the how PPF Account provides return and how to get the best returns on your investment? PPF Account Calculation for 15 Years The maturity period of the PPF Account is 15 years but it also offers a 20 year and 25 years extension for getting maximum benefit from the account. One of the best things about the PPF Account is its interest rate which is 8% P.A which is one of the highest interests by any Bank account. The PPF account can be best explained by taking the example....

State Bank of India is the largest bank in India with 23% of the Market shares. SBI has over 24000 Bank branches all over the world. SBI is listed in the top 50 global bank list and listed in the Fortune 500 company list. SBI started 200 years ago with the Mergence of Bank of Madras, Bank of Bengal and Bank of Calcutta. and named as Imperial Bank of India. In the year 1955, It was renamed as State Bank of India and Government of India took the stakes with Reserve Bank of India. Recently, SBI merged few banks into the SBI to increase their asset.  SBI has 16 regional hubs and 57 zonal offices that are located at important cities throughout India. Other Non-Banking Business SBI also has the following non-banking business that contributes to their revenue-  ·          SBI Capital Markets Ltd ·          SBI Funds Management Pvt Ltd ·          S...

Bank IFSC Code is an 11 digit alphanumeric digit that is used to uniquely identify the Bank branch. IFSC Code is an acronym for Indian Financial System Code. IFSC Code is very important code that is used to transfer the money from one account to another. Bank IFSC Code is used to transfer money through various methods like RTGS, NEFT , and IMPS. Importance of IFSC Code? IFSC Code is a very important code that can be used to transfer funds.  IFSC Code can be used to identify a particular bank branch  This enables the RBI to fasten the process of fund transfer. How to Find the IFSC Code? IFSC Code of the bank branch can be found on the bank cheque leaf and Passbook. You can find the band IFSC Code including all the other details of the bank branch by using a Bank Branch Locator .  How to use Bank Branch Locator? It is very easy to use the Bank Branch Locator Select the Bank Branch you want the details of  Select the State where the branch is lo...

Cancer is a chronic disease that involves an abnormal growth of cell and this can spread to different part of the body. Cancer is a very dangerous disease that can cause death to the patient. Cancer treatment can save a life but there is always a fear of the return of the disease. Cancer chances increase with the age meaning the older you are the risk of cancer increases. The disease can make a person week and frequent weight loss with lack of concentration, fever and prolong a cough can be symptoms of the disease. Cancer can occur in any part of the human body, this can spread and cause other organs to get damaged. There are 100 different types of cancer affecting the different part of the human body. Most common among these are lung cancer, breast cancer among women, throat cancer, Lymph cancer etc. Factor Causing Cancer  Caner can cause to anyone but there are few habits that can make a person more prone to cancer. Cancer occurs due to the Genetic Mutation of an i...

The Festive season of 3 months is the time where most of the holiday comes and we enjoy the most. when it comes to the holiday seasons comes a slight breeze of coolness can be experienced. It is the most enjoyable moments of the year. With this enjoyment, there are different events organized like mela, Gurga pooja pandal etc. and every religion cast and culture come together and become one. An unity can be felt in the air and a sense of togetherness in the heart of people. Many institutions provide a holiday for the people working, Studying etc. like Bank Holiday , School Holiday, Government Holiday. Along with holidays, you can get to buy new clothes and shopping is the prime activity that can be noticed in this season. List of Festivals in October to December Mahatma Gandhi’s Birthday Durga Puja (Astami) Ayutha Pooja/Durga Puja (Nabami)/Dussehra Dussehra/Durga Puja (Dasami) Diwali/Kali Puja Diwali (Laxmi Pujan) Milad-un-Nabi Guru Nanak’s Birthday Christmas ...

What is Loan? A loan is a certain amount of money borrowed from the lender with a contract of returning it with paying principle as well as the interest amount. The interest amount or interest percentage is calculated prior and is fixed throughout the tenure. The payment of the loan is done in a periodic format meaning on monthly bases and this amount consists of principle and the interest. As the duration of loan payment increases the principle from the amount you pay on monthly bases increases and the interest rate decreases. however, it does not mean that the interest rate from the loan amount decreases, the interest rate of the amount will be constant throughout the loan tenure. What is a Credit Score? Credit Score is a three digit number that decides whether you will get a loan or not. It describes your credit history and how trustworthy are you to repay your loan debt. The Credit score ranges from 300 to 900 and higher the number the more amount of loan can be...

Payment Banks is a new system of the bank that is similar to the traditional banking system but is different in many ways. This type of banks provides their own wallet where the money is stored and the wallet holder does all the transactions from the payment wallet. The payment banks cannot provide loans/ credit card to the customer and only wallet payment or digital debit card is allowed also there is a limitation of maximum Rs.1, 00,000 that can be deposited. Why Payments Bank? In the year 2014 RBI introduced a new model of the banking system by surveying the needs and requirement of the market. This survey is headed by Mr. Nachiket Mor with a team of a financial advisor. The reason for this introduction of the new banking system is- ·          To introduce low pay grade working class people into the financial system. ·          To embrace the digital method of payment ·    ...