Everything You Need to Know About Savings Account Average Monthly Balance

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Summary Average Monthly Balance or AMB refers to the average balance that an account holder must maintain in their account over a month to meet the bank’s minimum balance criteria. Failing to maintain the required AMB may result in non-maintenance charges. Maintaining it can help you enjoy uninterrupted banking services and account benefits. A savings…

What is EMI on Debit Card and How It Works?

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Summary Debit Card EMI allows eligible customers to convert high-value purchases into affordable monthly instalments without using a credit card. It enables you to buy products or services immediately and repay the amount over a chosen tenure through your bank account. It offers flexible repayment periods that make it a popular financing solution for planned…

How to Change Name in Bank Account?

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Summary Changing the name on your bank account is an important step whenever your legal name changes due to marriage, divorce, adoption, correction of spelling errors, or other legal reasons. Updating your bank records ensures that your account details match your official identity documents, helping you avoid issues with transactions, KYC compliance, cheque clearance, and…

How to Change the Address in Your Bank Account?

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Summary Keeping your address updated in your bank account is important to ensure seamless communication, secure banking and uninterrupted access to financial services. Whether you’ve moved to a new home or changed your correspondence address, banks require customers to update their records with valid proof of address. The process is typically straightforward and involves submitting…