Student bank accounts have limitations on deposits and account balances. In order to remove those limits they need to convert their accounts to normal accounts. Student can convert their accounts to normal accounts after 18 years of age (or) upon completion of their education. Most … Read more
Whenever a child reaches 18 years then he/she needs to convert their minor bank account to a major account. After converting to the major account you can use that account can be used without any limitations on banking transactions. Below are some examples of minor … Read more
To close your bank account you need to submit a request letter to the bank. But before closing your bank account it is better to withdraw the entire amount and make the balance Zero. You can also request the bank to transfer the cash to … Read more
If your signature has changed over a period of time (or) if you forgot your old signature (or) to update your new signature, you need to submit a request letter (or) signature change application form to the bank. Every bank has its own signature change … Read more
If you don’t use your SBI bank account for a long time then your account will become inactive. To reactivate your dormant account, write a request letter to the bank manager and submit it along with your KYC like Aadhar and PAN copies. Not only … Read more
A bank authorization letter is a formal letter that will be given to a trustworthy person to collect money on behalf of the actual account holder when he/she is not physically available to visit the bank, The reasons are like going out of station or … Read more