0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Maximum how much amount can be deposited in a savings account per day in state bank of India?
Maximum Rs.49999 You may also deposit more than 50K but in that case you just need to submit Your PAN No. (permanent account number) to determine the source of the cash deposited. For more information please visit the government of India's Income tax website
What is the cash management of a commercial bank?
Money is an account balance. Banks do not maintain cash on hand equal to the amount of money deposited. Rather, they keep about 10% of deposited funds in cash. The amount required varies from day to day and week to week. Cash management is keeping enough cash on hand to handle the bank's cash business plus the cash reserve dictated by the bank's policy. Cash on hand plus cash deposited minus cash paid out equals net cash on hand. To ensure that the net cash on hand meets the bank's needs, the cash manager must estimate with fair accuracy the amount of cash to be deposited as well as the future cash demand. Cash is ordered from the federal reserve and excess cash is returned there.
Are banks required to make electronically deposited funds available on the same day of the deposit?
No, they have the right to put a hold on such funds and can specify the duration of such holds according to their own policies and internal rules. These holds are usually from 2 to 5 business days and sometimes vary with the amount deposited.
How much interest does a 100 billion dollars earn a day?
Assuming this 100 billion dollars is deposited in a savings account that earns an interest of 1% per year, the interest earned in a day would be $ 2739726. Assuming this 100 billion dollars is deposited in a Certificate of Deposit that earns around 2.5% interest per year, the interest earned in a day would be $6849315
What is the meaning of cash management services and what role it plays in banks?
Money is an account balance. Banks do not maintain cash on hand equal to the amount of money deposited. Rather, they keep about 10% of deposited funds in cash. The amount required varies from day to day and week to week. Cash management is keeping enough cash on hand to handle the What_is_the_cash_management_of_a_commercial_bankcash business plus the cash reserve dictated by the bank's policy. Cash on hand plus cash deposited minus cash paid out equals net cash on hand. To ensure that the net cash on hand meets the bank's needs, the cash manager must estimate with fair accuracy the amount of cash to be deposited as well as the future cash demand. Cash is ordered from the federal reserve and excess cash is returned there.Read more: What_is_the_cash_management_of_a_commercial_bank
What is the amount of sediments deposited annually by the miss river?
tons of thousands of sediments are deposited each day
What is the answer to Lenny th conundrum 342?
Things have been busy at the National Neopian Bank lately, and one of their regular customers came in one day last week and deposited 1663 Neopoints. A few days later, that same customer deposited 1527 Neopoints. A few days after that, he deposited 1126 more Neopoints. Then later, 1096 Neopoints. What will be his next deposit? the answer is 1746 it goes by the amount of neopoints given away on each day on this years advent calender. day 1- 324 day 2-945 day 3-394 Total=1663 (The first amount deposited) Day 4- 953 Day 5- 279 Day 6- 295 Total=1527 (Second amount deposited) Day 7- 273 Day 8- 479 Day 9- 374 Total=1126 (Third Amount Deposited) Day 10- 179 Day 11- 278 Day 12- 639 Total=1096 (Fourth Amount Deposited)
Maximum how much amount can be deposited in a savings account per day in bank of India?
Maximum Rs.49999 You may also deposit more than 50K but in that case you just need to submit Your PAN No. (permanent account number) to determine the source of the cash deposited. For more information please visit the government of India's Income tax website
Maximum how much amount can be deposited in a savings account per day in state bank of India?
Maximum Rs.49999 You may also deposit more than 50K but in that case you just need to submit Your PAN No. (permanent account number) to determine the source of the cash deposited. For more information please visit the government of India's Income tax website
How long does it take for a check to deposit into a Wells Fargo account?
When one makes a deposit into a Wells Fargo account before the cut-off time on the current business day, the amount will be credited to the account on that same business day. If it was deposited after the cut-off, or on a non-business day, the amount will not be credited to the account until the next business day.
What is till management in bank?
Money is an account balance. Banks do not maintain cash on hand equal to the amount of money deposited. Rather, they keep about 10% of deposited funds in cash. The amount required varies from day to day and week to week. Cash management is keeping enough cash on hand to handle the bank's cash business plus the cash reserve dictated by the bank's policy. Cash on hand plus cash deposited minus cash paid out equals net cash on hand. To ensure that the net cash on hand meets the bank's needs, the cash manager must estimate with fair accuracy the amount of cash to be deposited as well as the future cash demand. Cash is ordered from the federal reserve and excess cash is returned there.
What is the cash management of a commercial bank?
Money is an account balance. Banks do not maintain cash on hand equal to the amount of money deposited. Rather, they keep about 10% of deposited funds in cash. The amount required varies from day to day and week to week. Cash management is keeping enough cash on hand to handle the bank's cash business plus the cash reserve dictated by the bank's policy. Cash on hand plus cash deposited minus cash paid out equals net cash on hand. To ensure that the net cash on hand meets the bank's needs, the cash manager must estimate with fair accuracy the amount of cash to be deposited as well as the future cash demand. Cash is ordered from the federal reserve and excess cash is returned there.
What day of the week are California tax refunds deposited?
Wednesday is normally the day of the week that IRS federal tax returns are deposited. This is true for those in California or anywhere in the U.S.
Are banks required to make electronically deposited funds available on the same day of the deposit?
No, they have the right to put a hold on such funds and can specify the duration of such holds according to their own policies and internal rules. These holds are usually from 2 to 5 business days and sometimes vary with the amount deposited.
How to add my HDFC account number in SBI's third party beneficiary?
One full business day to take
How much food should i eat each day?
Any amount
How much interest does a 100 billion dollars earn a day?
Assuming this 100 billion dollars is deposited in a savings account that earns an interest of 1% per year, the interest earned in a day would be $ 2739726. Assuming this 100 billion dollars is deposited in a Certificate of Deposit that earns around 2.5% interest per year, the interest earned in a day would be $6849315
