Point of Sale Systems (POS) and its impact on bank account holders using Debit card or Credit credit : Transforming Everyday Transactions for a Seamless Life. Introduction to Point of Sale Systems (POS) and its impact In the fast paces era of today’s digital world one of the innovations that have significantly contributed to this…
If you have bank account then it is very important for you to understand Dormant bank accounts and how to reactivate them. A dormant bank account is one that has had no activity for an extended period of time e.g 6 months or one year since any debit or credit transaction in your bank account…
What documents are required to open Public Ltd Companies bank account ? Before we get to know the details of what documents are required to open Public Ltd Companies bank account. Lets have a brief introduction about Public limit companies. Public Limited Companies (PLCs) play a crucial role in the global economy, providing opportunities for…
SBP clarifies bank deposits are perfectly safe vide its notification ECD/M&PRD/PR/01/2023-93 Dated October 05, 2023 as Certain sections of the media, on the basis of a statement given by Deputy Governor of State Bank of Pakistan(SBP), Dr. Inayat Hussain during the meeting of Senate Standing Committee on Finance and Revenue, are implying as if bank…
Requirements to open an NGO Bank Account: Starting a non-governmental organization (NGO) or charitable organization can be a rewarding and impactful endeavor. To effectively manage the finances of your organization, you’ll need to open a dedicated bank account. Why Open a Dedicated Bank Account? Before delving into the registration process, let’s understand why it is…
Opening a partnership bank account It separates personal and business finances, simplifies accounting, and promotes transparency among partners. The process can be daunting. In this comprehensive guide, we will walk you through the steps to open a partnership bank account, ensuring that your business is on the right track from the start. I. Understanding Partnership…
How to Open a Bank Account for a Private Limited Company ? The process of opening a bank account for a private limited company can be quite intricate due to regulatory requirements and the need to establish the legitimacy of your business. Whether you’re just starting your company or looking to streamline your financial operations,…
Cash Deposit Machines: A Convenient Banking Solution: Today when mobile apps and online transactions dominate the banking landscape, one might wonder about the relevance of cash deposit machines. However, these ubiquitous machines continue to play a crucial role in the banking sector by providing a convenient and efficient way for customers to deposit cash securely….
How can a NRP’s gets Biometric verification done for there bank account ? NRP’s are basically non resident Pakistanis’ who are living abroad permanently or temporally due to work visa or visiting visa for a longer period of time. When did SBP make it mandatory to install biometric machines in bank branches? SBP vide BPRD…
Introduction One significant innovation that has revolutionized the way we manage our valuables is the digital bank locker. Traditional physical lockers have been a safe heaven for our important documents and precious belongings for decades. However, digital bank lockers offer a modern and convenient alternative, bringing a host of perks that cater to our fast-paced…