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Pradhan Mantri Jan Dhan Yojana (transl. Prime Minister's Public Finance Scheme) is a financial inclusion program of the Government of India open to Indian citizens (minors of age 10 and older can also open an account with a guardian to manage it), that aims to expand affordable access to financial services such as bank accounts, remittances, credit, insurance and pensions.
Zero balance account. In finance, a Zero Balance Account ( ZBA) is a system of cash pooling (to consolidate the cash balances of several subsidiaries of a single company). This system is designed to leave in the current accounts of the subsidiaries the minimum amounts to be able to deal with their debts contracted. The main advantage of this ...
1217. Cash management refers to a broad area of finance involving the collection, handling, and usage of cash. It involves assessing market liquidity, cash flow, and investments. [2] [3] In banking, cash management, or treasury management, is a marketing term for certain services related to cash flow offered primarily to larger business customers.
One such offer is a zero balance account, which offers businesses an effective way to optimize cash management, improve liquidity, reduce borrowing costs and streamline financial operations.
Step 2: Gather your personal documentation. An online bank account application will ask for personal information to verify your identity and secure your account. The application process can be ...
The government aims to reduce the number of such zero balance accounts by using this and related schemes. Now, all bank account holders can avail this facility through their net-banking service facility at any time of the year. The policy will be canceled if there is no balance in the account. The policy will lapse in case the bank account is ...
Date of birth. Address (and a proof of address, if your ID lists a previous address) Contact information. Bank account information to fund your new account, if applicable. You may need to lift a ...
A savings account is a bank account at a retail bank. Common features include a limited number of withdrawals, a lack of cheque and linked debit card facilities, limited transfer options and the inability to be overdrawn. Traditionally, transactions on savings accounts were widely recorded in a passbook, and were sometimes called passbook ...