Tag: Different types of bank accounts in India

Bank Guarantees (BGs) -Types & Use of Bank Guarantees

Bank Guarantee is an instrument issued by the Bank in which the Bank agrees to give guarantee against the non-performance of some action of a party. The amount of guarantee is called the ‘guarantee amount’. Usually, the Bank Guarantee is…

Types of Bank Accounts in India

Different types of bank accounts in India are as follows: Saving account: Saving account is used by general public ; there are restrictions ¬†imposed by the bank on the amount to be withdrawn by the depositor. To withdraw more money…