what is the mod balance in account
what is the definition of mod balance
plus mod balance in bank loan is the money who pay on the bank that you loan with interest rate and original cost.
A bank balance is the amount by which a current account is in credit or deficit.
It is not money on deposit. It is "Multi Option Deposit" which means: you can decide upon the money going to Fixed Deposit for the minimum amount you set for your account. For instance: You have 50000 in your account. In normal scenario, you will be getting interest on the above amount as per saving bank interest rate. But in case you have MOD account, you can decide that what ever amount is surplus of 10000, it goes into MOD balance and for those amount, you get a interest rate as you get incase of Fixed deposit.
If you have a negative bank balance for six months, the bank is likely to charge you fees and ask you to pay them what you owe. Once the account is back to zero, the bank will likely close that account.
Usually banks offer zero balance bank accounts to customers who have salary accounts with them. I have a zero balance account with DBS and since DBS and POSB are part of the same group, I guess they too will have a zero account balance bank account. You need to submit this bank account to your employer and if they GIRO your salary to this account automatically every month, it should be fine.
plus mod balance in bank loan is the money who pay on the bank that you loan with interest rate and original cost.
who is responsible for confirming your bank account balance
Yes we can check our balance in account of bank of maharashtra
account balance
I feel,Yes i can check my balance if i have an account.
I want to check balance. and my account no. is 01862191025786.
I want to check my A/c
Loan account is the most important account in the bank's Balance sheet.
bank
A bank balance is the amount by which a current account is in credit or deficit.
It is not money on deposit. It is "Multi Option Deposit" which means: you can decide upon the money going to Fixed Deposit for the minimum amount you set for your account. For instance: You have 50000 in your account. In normal scenario, you will be getting interest on the above amount as per saving bank interest rate. But in case you have MOD account, you can decide that what ever amount is surplus of 10000, it goes into MOD balance and for those amount, you get a interest rate as you get incase of Fixed deposit.
i want check my account balance from canara bank