Why do Sole Proprietors in India Use a Current Account?
Posted on Thursday, November 14th, 2024 |
A sole proprietorship is the simplest and most common form of business structure in India. The term “sole” indicates single, and “proprietor” refers to the owner, meaning that one individual owns and manages the entire business. This individual has complete control over all operations and decisions but also bears full personal responsibility for the business’…
Read moreCurrent Account Hacks for Small Business Owners: Saving Time and Money
Posted on Thursday, November 14th, 2024 |
Managing a small business is no simple task. From ensuring smooth operations to managing finances, the responsibilities are endless. Your choice of a current account can make a significant difference in saving both time and money. By leveraging the right account features and banking services, small business owners can optimise their financial management and focus…
Read moreHow to Choose the Best Current Account for a Startup?
Posted on Thursday, November 14th, 2024 |
Running a startup can be challenging. From hiring the right employees to managing finances, taking care of business operations is difficult. Having the right banking solution can prove to be a boon during such a period. This is where a current account for startups comes into view. For the uninitiated, a current account for startups…
Read moreEasy Ways to Change Mobile Number in Your Current Account
Posted on Thursday, November 14th, 2024 |
Have you recently changed your mobile number and are confused about how to update it in your current account? Your mobile number is often the primary link to your bank and its related financial services. It is critical for receiving OTPs, transaction alerts, verification messages, and important updates from your bank. If your number isn’t…
Read moreUnderstanding Quarterly Average Balance (QAB) vs Monthly Average Balance (MAB)
Posted on Thursday, November 14th, 2024 |
Maintaining a minimum balance is often a requirement in current accounts. This balance helps banks maintain liquidity and manage the cost of operations. Two of the most commonly used metrics for this are Quarterly Average Balance (QAB) and Monthly Average Balance (MAB). Though they sound similar, QAB and MAB are distinct in their calculation methods…
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