Fixed deposits (FDs) are a safe and reliable way to grow your money with guaranteed returns and low risk.. Be it for your future goals, increasing savings or plan of retirement, FDs provide a reliable way to earn interest over a fixed period. Bandhan Bank is a trusted financial institution that offers a range of FD schemes with attractive interest rates to suit different customer needs.
Read on to explore the latest Bandhan Bank fixed deposit interest rates and how they can benefit you.
An Overview of Bandhan Bank FD Rates
Bandhan Bank offers different FD schemes with interest rates that vary based on tenure, deposit amount and customer category.
Here’s a quick look:
Standard Fixed Deposit: These range from 7 days to 10 years with interest rates starting from 3% per annum for deposits above ₹100 and up to ₹1 lakh.
Premium Fixed Deposit: In this type of FD, high-value deposits above ₹10 lakh come with an interest rate that starts at 7% per annum.
Tax Saver Fixed Deposit: This 5-year FD offers 7% per annum for regular customers and 7.50% per annum for senior citizens.
Advantage Fixed Deposit: Available for 6 months to 10 years, with interest rates as low as 4.50% per annum for deposits over ₹1 lakh.
Dhan Samriddhi Fixed Deposit: It is designed for short-term goals, with compounded interest for better returns.
Bandhan Bank FD Rates for Senior Citizens
The bank provides special benefits for senior citizens by offering higher interest rates. These mentioned competitive Bandhan Bank senior citizen interest rates make sure that retirees get the most out of their savings.
Here are the Bandhan Bank FD rates senior citizens can avail of:
1 Year FD: 8.55% per annum
1 Year to 499 Days: 7.75% per annum
500 Days to Less than 2 Years: 7.75% per annum
2 Years to Less than 3 Years: 7.75% per annum
3 Years to Less than 5 Years: 7.75% per annum
5 Years to 10 Years: 6.60% per annum
How to Check Your FD Balance?
Checking your Bandhan Bank FD rates balance is quick and easy. Listed below are some of the ways:
Internet Banking: Log in to your Bandhan Bank account and check your FD details online
Mobile Banking: Use the Bandhan Bank mobile app to know your FD balance anytime
Customer Care: Call Bandhan Bank’s customer service for any assistance
Branch Visit: Go to the nearest branch to enquire about your FD balance
What are the Steps to Transfer Your Bandhan Bank FD to Another Bank?
You can transfer or close your FD and reinvest in another bank. Follow these simple steps:
Contact the New Bank: Inform the bank about your intention to transfer the FD
Submit Documents: Provide the required documents, including your FD receipt and KYC details
Follow the Transfer Process: Complete the necessary steps as per the receiving bank’s guidelines
Bandhan Bank’s fixed deposit options provide a secure way to grow your savings with attractive interest rates and flexible tenures. FDs can be a reliable choice, whether you’re planning for the future or looking for stable returns.
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FAQs on Bandhan Bank FD Rates
What is the highest Bandhan Bank FD rate today?
The highest FD rate is 8.55% per annum for senior citizens on a 1-year deposit.
How to check the fixed deposit balance in Bandhan Bank?
You can check your FD balance via internet banking, mobile banking, customer care or by visiting a branch.
Can I transfer my Bandhan Bank FD to another bank?
Yes, you can transfer your FD by following the required process and submitting the necessary documents.
Bank of Baroda has been a trusted banking partner for millions of customers in India. Whether you need help with your bank account, online banking or loan details, the Bank of Baroda customer care number is available 24*7 to assist you. From general queries to urgent banking concerns, you can get support whenever you need it.
Read on to understand why the service is important, how can you opt for it and ways to file a compliant.
Why is Bank of Baroda 24*7 Customer Care Service Important?
In this modern busy lifestyle, 24*7 banking support is a necessity. Bank of Baroda understands this and offers a dedicated Bank of Baroda customer care number 24*7 so you can resolve your banking issues at any time easily.
Whether you need assistance with a failed transaction, loan information or a lost card, simply dial 1800 5700 for immediate help.
How to Contact Bank of Baroda Customer Care?
There are multiple ways to reach out for any banking assistance:
Contact the Bank of Baroda Customer Care Number
The quickest way to get help is by calling the Bank of Baroda customer care number at 1800 5700. The support team is available 24*7 to address all your banking concerns, from account enquiries to transaction issues.
Email Support
You can email the Bank of Baroda customer support team as well for detailed queries. This is useful for submitting formal requests or concerns that may need documentation.
Live Chat on the Website
Bank of Baroda offers an online chat service where customers can connect with a support representative in real-time. This is a great way to get quick answers without making a call.
Visit a Bank of Baroda Branch
If you prefer face-to-face or in-person assistance, visit your nearest Bank of Baroda branch. The customer service desk will help you with account-related queries, loan details or any other banking need.
The BoB customer care team is trained to handle a wide range of banking queries. Whether you need simple information or have a difficult issue, they are equipped enough to help you.
Here’s what all you can get assistance with:
Account Services: Help with account opening, balance enquiries and account management
Loan Information: Guidance on personal loans, home loans and business loans
Card Services: Support for debit and credit card issues, including lost or stolen cards
Online Banking: Help with internet banking, mobile banking and technical support
Complaints and Feedback: Platform to raise concerns or provide feedback about banking services
How to File a Complaint with the Bank of Baroda?
If you have an issue that needs to be addressed, Bank of Baroda makes it easy to file a complaint:
Online Complaint Form:
Visit the official Bank of Baroda website and go to the ‘Customer Care’ section.
Fill out the complaint form with the issue details.
A bank representative will get in touch with you to resolve it.
Calling Customer Care:
Dial 1800 5700 and speak to a representative for immediate resolution.
Visiting a Branch:
For in-person assistance, you can visit the nearest BoB branch and lodge a complaint at the customer service desk.
Bank of Baroda prioritises customer satisfaction by providing 24×7 customer support. With the BoB customer care number, you can get help whenever you need it.
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FAQs on BOB Customer Care Number
How to talk to customer care at Bank of Baroda?
You can call 1800 5700 for immediate assistance use email, live chat or visit a bank branch for support.
How can I find the BOB customer care number?
BoB customer care number is available on the Bank of Baroda website, banking documents and account-related information.
What services can I avail through Bank of Baroda customer care?
BoB customer care helps with account-related queries, loans, debit or credit card issues, online banking and complaints.
Can I file a Bank of Baroda complaint online?
Yes, you can file a complaint online by visiting the official BoB website, navigating to the customer care section and filling out the complaint form. A bank representative will follow up to resolve your issue.
Punjab National Bank (PNB) is one of India’s leading banks, committed to providing top-notch financial services. To make banking hassle-free, PNB offers 24/7 customer care support through toll-free numbers. Whether it’s checking your account balance, reporting a lost card or getting other account-related help, you can contact on PNB bank toll-free number in no time.
Read on to learn about PNB customer care numbers and how to use them efficiently.
PNB Customer Care Toll-Free Number
PNB’s general customer care number is available 24/7 for all banking-related queries. You can use it for balance checks, general enquiries or any other banking assistance.
Toll-Free Number: 1800 1800
Availability: 24/7
Services: Balance inquiries, general banking support, etc.
PNB Toll-Free Number for Credit Card Services
If you need any help with your PNB credit card, then you can contact the bank at their dedicated number for credit card support. Whether it is for blocking a lost card, reporting fraud or getting details on transactions, you can get any assistance 24 hours easily.
There’s a special helpline for international customers. Instead of dialling international numbers, use this local support number to resolve your banking issues.
International Helpline: 0120-2490000 Services: Balance checks, account inquiries and general banking support
PNB Customer Care Helpline Number for Personalised Assistance
For more complex banking issues that need personal assistance, PNB provides a dedicated helpline. If your query isn’t resolved through the toll-free numbers, you can call this number for a detailed discussion.
Customer Care Helpline: 0120-4616200 Services: Personalised assistance, issue resolution and account-related support
Reasons to Use PNB Toll-Free Numbers
No Call Charges – The numbers are toll-free, so you will not be charged for calls from landlines or mobiles.
24/7 Support – You can get help anytime, even after regular banking hours.
Convenience – Get resolutions to banking issues from home without visiting a branch.
Tips to Get the Best Support from PNB Customer Care
Keep Your Account Information Handy – Have your account number, customer ID or other relevant details ready
Be Clear and Concise – Explain your issue briefly to get quick assistance
Follow Up if Needed – Call again or visit the bank, If your issue is not resolved
PNB toll-free numbers make banking simple and hassle-free. Whether you need to check your balance, block a lost card or get account assistance, the support is just a call away.
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FAQs on PNB Customer Care Toll-free Number
1. Where can I find my PNB Customer ID?
Your PNB Customer ID can be found on the first page of your passbook, account statement or in the welcome kit provided when your account was opened.
2. How can I contact PNB customer care for credit card issues?
For any credit card-related queries, you can call PNB customer care at:
Toll-Free Number: 1800 180 2345
Alternate Helpline: 0120-4616200
3. What services can I access through the PNB toll-free number?
By calling PNB toll-free number – 1800 1800, you can access services like:
Balance inquiries
Reporting lost or damaged cards
General banking support and customer services
4. Can I use the PNB toll-free number when I am abroad?
No, the general PNB customer care helpline number does not work internationally. However, if you are outside India, you can contact PNB customer care at 0120-2490000 for assistance.
This guide explains the LTA exemption limit, what travel expenses qualify and how the 4-year block year system works under Section 10(5) of the Income Tax Act. You’ll also find the exact claim rules, a worked example and answers to common LTA questions.
Leave Travel Allowance, or LTA, lets you claim tax exemption on domestic travel fares for yourself and your family, up to 2 trips in a block of 4 years. This guide covers the LTA exemption limit, what counts as eligible travel, block year rules and how to claim it correctly.
QUICK STAT
The current LTA block period runs from 2022 to 2025, allowing up to 2 exempt journeys, with 1 unused journey eligible for carry-forward into 2026. (Source: Income Tax Department, Section 10(5))
What is Leave Travel Allowance (LTA)?
LTA is a salary component that covers travel costs when you go on leave, with or without your family. It falls under Section 10(5) of the Income Tax Act, 1961, read with Rule 2B of the Income Tax Rules.
LTA isn’t automatically tax-free. It’s part of your CTC and the exemption only applies once you travel and submit proof — skip a trip and it’s taxed as a regular salary.
Expenses Covered Under LTA Exemption
LTA covers only the fare for the journey, not hotels, food or sightseeing. What counts depends on the mode of travel:
Mode of Travel
What Gets Exempted
Air travel
Economy airfare of a national carrier, by the shortest route
Train travel
AC first class fare for the shortest route, even if a lower class was used
Other recognised transport (no rail link)
First class or deluxe fare of a recognised public transport system
No recognised transport available
Amount equal to AC first class train fare for that distance
DID YOU KNOW?
Only the employee, spouse, dependent children and, in some cases, dependent parents and siblings qualify. For children born after October 1, 1998, the exemption applies to a maximum of 2 surviving children.
LTA Exemption Limit
The exemption is capped at the lower of your actual travel cost or the LTA amount fixed in your salary structure. Three rules decide how much you can claim over time.
Block Period Rule: LTA exemption can be claimed for 2 journeys within a block of 4 calendar years. The current block runs from 2022 to 2025.
Carry Forward Option: An unused journey can be carried into the first year of the next block, on top of that block’s own 2 journeys.
Travel Costs Only: The exemption never extends to hotel bills, food or entertainment during the trip.
LTA Claim Rules
Getting the exemption approved comes down to five steps:
Take actual leave from work for the travel period.
Travel by the shortest available route.
Keep original tickets, boarding passes and invoices as proof.
Submit proof to your employer’s HR team before their deadline.
Remember, LTA exemption isn’t available under the new tax regime, regardless of travel spend.
WATCH OUT
Domestic travel only counts. Any international leg of a trip is excluded entirely, even if combined with a domestic one.
LTA Block Year Explained
A block year differs from a financial year. It’s a fixed 4-calendar-year cycle set by the Income Tax Department, starting from 1986-89. The current block is 2022-2025 and the next runs from 2026-2029. Since it follows the calendar year, not April-to-March, it’s worth tracking separately from your usual tax planning.
LTA Under the New Tax Regime
Under the old regime, LTA exemption works as described above, subject to the block year and travel rules. Under the new regime, LTA exemption isn’t available at all, even with valid travel proof.
Scenario
Old Tax Regime
New Tax Regime
LTA claimed with valid proof
Exempt up to actual cost or entitlement, whichever is lower
Fully taxable
LTA not claimed
Taxable as salary
Taxable as salary
Actual cost lower than entitlement
Difference is taxable
Entire amount taxable
LTA for Government and PSU Employees
Government employees and PSU staff follow the CCS (LTC) Rules, 1988 instead of standard salary-based LTA, which add extras like escorted hill-station travel and their own proof formats. Private sector employees follow their employer’s HR policy instead.
DID YOU KNOW?
During the pandemic, a one-time LTC Cash Voucher Scheme let employees claim exemption on select purchases instead of travel. That scheme has since lapsed.
Benefits of Leave Travel Allowance for Salaried Employees
Tax savings: Reduces taxable salary to the extent of eligible travel cost, on the old regime.
Carry-forward flexibility: One unused journey rolls into the next block.
Family travel coverage: Extends to spouse, dependent children and, in specific cases, dependent parents and siblings.
Flexible mode of travel: Covers air, rail and other recognised transport.
How to Claim LTA Reimbursement
Here’s how it plays out for Ananya Rao, a marketing manager in Bengaluru with an annual LTA entitlement of ₹28,000. She travels to Kerala with her spouse and child, spending ₹24,000 on economy flights by the shortest route. Only ₹24,000 gets the exemption; the remaining ₹4,000 is added back to her taxable income.
Inform HR before you travel, so leave and LTA claims align.
Book tickets by the shortest route and retain original documents.
Submit the declaration form with tickets and invoices through your company’s portal.
Wait for payroll verification, usually within one or two salary cycles.
Check your Form 16 at year-end to confirm the exempted amount.
Original tickets and boarding passes for every leg of the journey
Approved leave application matching the travel dates
Signed and dated LTA declaration form
Fare invoice or receipt matching the ticket amount
Shortest-route confirmation, if your employer’s policy asks for it
PRO TIP
A Mumbai-based chartered accountant who files returns for salaried clients puts it simply: “The biggest mistake isn’t forgetting to travel, it’s forgetting to keep the paperwork.”
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FAQs on Leave Travel Allowance (LTA)
1. What is the latest block period for claiming an LTA exemption?
The current block runs from 2022 to 2025 and the next begins in 2026.
2. How many trips can I claim in one block year?
You can claim 2 journeys within a 4-year block, plus 1 carried-forward journey if unused.
3. Can I claim LTA if I travel without my family?
Yes, the exemption is based on your own eligible fare, not on family members joining.
4. Who is eligible to claim LTA?
Any salaried employee with an LTA component in their salary, who meets the leave, travel and documentation conditions.
5. Is LTA available under the new tax regime?
No, LTA exemption isn’t available under the new regime; the amount is fully taxable.
6. Can LTA be claimed for international travel?
No, LTA applies strictly to domestic travel. Any international leg is excluded.
7. What happens if I don’t claim LTA in a block year?
It becomes part of your taxable salary, though 1 unused journey can carry forward.
8. I missed my company’s deadline to submit LTA proof. Can I still get the exemption?
Usually not through your employer once payroll is processed; check with a tax professional for your specific case.
Ever needed to send money but were not sure which method to use? Whether sending money to a friend or managing business transactions, National Electronic Funds Transfer (NEFT) is a safe and reliable way to transfer money. It allows you to move funds between bank accounts across India with ease and high security.
But how fast is it? Does it work on Sundays? And what should you know before making an NEFT transfer?
Read on to understand everything in depth without any confusion.
What is NEFT?
NEFT is an electronic funds transfer system that allows money transfers between different banks in India. Unlike instant payment systems like IMPS (Immediate Payment Service), NEFT processes transactions in batches at specific time intervals. This means the transfer is not instant but happens within scheduled time slots.
To make an NEFT transfer, you need the recipient’s following details:
As NEFT operates digitally, it eliminates the need for physical cash handling, making transactions safer and more convenient. NEFT is commonly used for:
An NEFT transaction time depends on when you initiate the transfer. Since NEFT works in batches, your transfer gets processed in the next available cycle.
Generally, NEFT transfers take between 30 minutes to a few hours. The exact time depends on factors like:
When the transfer is initiated – If you send money just before a batch processing cycle ends, it may take longer.
The recipient’s bank processing speed – Some banks process transactions faster than others.
NEFT cut-off times – If you transfer money after your bank’s cut-off time, it might be processed in the next available batch.
Earlier, NEFT was only available during business hours. However, since December 2019, it operates 24/7. This gives you the flexibility to send money anytime, even on weekends and holidays.
NEFT Transaction Timings (Old Vs New)
The National Electronic Funds Transfer (NEFT) system has evolved significantly over time, improving convenience and accessibility for users.
Day
Old NEFT Timings (Before Dec 2019)
New NEFT Timings (After Dec 2019)
Weekdays (Mon–Fri)
8:00 AM – 7:00 PM (batch-wise)
24×7 available
Saturdays
8:00 AM – 1:00 PM (batch-wise)
24×7 available
Sundays
Not available
24×7 available
Bank Holidays
Not available
24×7 available
Key Highlights
Old System: Limited to banking hours, processed in batches
New System: 24×7 including weekends & holidays, with continuous batch processing every 30 minutes
NEFT Transaction Timings – Bank Wise
NEFT (National Electronic Funds Transfer) operates 24×7 across all banks in India, including weekends and holidays. However, the actual credit time and processing speed may vary slightly depending on the bank’s internal systems.
Here’s a bank-wise overview of typical NEFT processing behavior:
Major Banks NEFT Timings:
Bank Name
NEFT Availability
Processing Speed
Notes
SBI (State Bank of India)
24×7
Within minutes (usually < 30 mins)
Highly reliable, even on holidays
HDFC Bank
24×7
Near real-time
Slight delays possible during maintenance windows
ICICI Bank
24×7
Instant to 30 mins
Fast processing via mobile/app
Axis Bank
24×7
Instant to 30 mins
Consistent performance
Kotak Mahindra Bank
24×7
Instant to 30 mins
Smooth digital experience
Punjab National Bank (PNB)
24×7
30 mins to 2 hours
Slight delays in non-working hours
Bank of Baroda
24×7
30 mins to 2 hours
May vary during weekends
Canara Bank
24×7
30 mins to 2 hours
Depends on server load
Union Bank of India
24×7
30 mins to 2 hours
Occasional delays at night
IDFC FIRST Bank
24×7
Near real-time
Fast processing via app
Key Things to Know
No fixed batch timings anymore: Earlier, NEFT worked in hourly batches, but now it’s continuous.
24×7 availability: You can transfer money anytime—even on Sundays and bank holidays.
Settlement time: Usually within a few minutes, but can take up to 2 hours in rare cases.
Delay factors:
Bank server downtime or maintenance
Incorrect beneficiary details
High transaction volume
Pro Tip: If you need instant transfers without delay, consider using IMPS or UPI, as they are designed for real-time payments with immediate credit.
Does NEFT Work on Sundays and Bank Holidays?
NEFT works every day even on Sundays and bank holidays. One big advantage of NEFT is that it runs all the time. However, there’s a catch if you go to a bank branch. If you use a bank branch for NEFT, it might not work on weekends or holidays. That is because bank counters are usually closed on these days. If you use online or mobile banking for NEFT, you can send money anytime. The NEFT transaction will go in the batch.
What is NEFT Cut-Off Time?
NEFT is available all the time. Banks have different rules. Some banks have a cut-off time for same-day NEFT settlements. Most banks say 6 PM is the cut-off for NEFT transactions at bank branches. If you send money after 6 PM it might go on the day. For NEFT transactions there’s no cut-off time. These are processed all day and night. To avoid delays, you should check with your bank about their NEFT cut-off time. NEFT cut-off times can vary from bank to bank. So always ask your bank about their NEFT rules. NEFT rules can help you plan your transactions better.
NEFT Holidays 2026
NEFT (National Electronic Funds Transfer) is available 24×7 throughout the year, including weekends and most holidays. However, transactions may be processed with slight delays on days when banks are closed, as settlements depend on banking operations.
In 2026, NEFT will continue to function even on public and bank holidays, but users should be aware of the following:
Category
Holiday / Day
Date (2026)
Public Holiday
Republic Day
26-Jan-26
Public Holiday
Mahashivratri
15-Feb-26
Public Holiday
Holi
4-Mar-26
Public Holiday
Good Friday
3-Apr-26
Public Holiday
Ambedkar Jayanti
14-Apr-26
Public Holiday
Independence Day
15-Aug-26
Public Holiday
Gandhi Jayanti
2-Oct-26
Public Holiday
Diwali (Laxmi Pujan)
8-Nov-26
Public Holiday
Christmas
25-Dec-26
Weekend
All Sundays
Every Sunday
Weekend
2nd & 4th Saturdays
Every Month
Note: NEFT is available 24×7, including holidays and weekends. However, settlements may be delayed due to bank closures.
Why NEFT is the Safest Method?
Since it is regulated by the Reserve Bank of India (RBI), NEFT is one of the safest ways to transfer money. Every transaction is recorded and banks use encryption to protect sensitive information. It follows strict security protocols given by the RBI.
To ensure security, you can follow the below simple tips:
Double-check the recipient’s bank details before making a transfer
Always use a secured internet connection while transferring money online
Avoid sharing sensitive banking details like OTPs or passwords with anyone
Difference Between NEFT vs. Other Payment Methods
Table Mentioned
Now that you know what is NEFT, about NEFT processing time and how it works, it is easy to send money to your loved ones or even make payments safely.
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FAQs on NEFT Money Transfer Time
Is NEFT available 24 hours?
Yes, NEFT is available 24/7 with online or mobile banking, even on weekends and public holidays.
Does NEFT work on bank holidays?
Yes, NEFT transactions can be made online on bank holidays. However, transactions made through NEFT-based branch may not be available.
How long does an NEFT transfer take?
NEFT transaction time is usually between 30 minutes to a few hours, depending on when you initiate the transfer.
What is the NEFT transfer time to other banks?
NEFT transfers are typically processed in batches and usually take between a few minutes to up to 2 hours to reflect in the beneficiary’s account. However, most transactions are settled quickly, especially during working hours, depending on bank processing speed and network load.
What are the NEFT timings in India?
NEFT is available 24×7 in India, including weekends and bank holidays. Transactions are processed in half-hourly batches throughout the day, ensuring continuous fund transfer. However, occasional delays may occur during non-working hours or due to bank-specific processing timelines.
Your registered mobile number is more than just a contact detail. It’s your access point to OTPs, transaction alerts and important banking updates. So, if you’ve switched to a new number, updating it quickly is a must. Missing alerts or OTPs is not an option when it comes to your money.
The good news? Mobile number change in bank account is simple and can be done in multiple ways. To change your mobile number in your bank account, you can use your bank’s mobile app or net banking (usually verified via an OTP sent to your old number), visit an ATM using your debit card and PIN, or go to a bank branch with valid ID proof to submit a request form. Always use official bank channels and keep your old number active temporarily for verification.
Let’s break down how to change mobile number in bank account step by step.
How to Change Mobile Number in Bank Account Online?
If you prefer convenience, learning how to change mobile number in bank account online is the easiest option. Most banks follow a similar process.
Step 1: Log in to Internet or Mobile Banking
Visit your bank’s official website or mobile app and log in using your credentials. If you haven’t registered for net banking, you can usually sign up online.
Step 2: Go to Profile or Settings
Look for sections like Profile, Settings, or Personal Details, where account-related information is stored.
Step 3: Select Mobile Number Update Option
Choose the option related to how to change phone number in bank account or update contact details.
Step 4: Identity Verification (Mandatory Step)
To protect your account, banks require identity verification before approving any phone number change in bank account. This may include:
An OTP sent to your old registered mobile number
Your internet banking password
Debit card details or security questions
This step ensures the mobile number change in bank account is authorised by you and aligns with KYC and fraud-prevention guidelines.
Step 5: Enter Your New Mobile Number
Carefully enter your new number and double-check it before proceeding.
Step 6: Confirm and Submit
Once submitted, you’ll receive a confirmation message. After processing, all OTPs and alerts will be sent to your updated number, completing the phone number change in bank account process.
Bank Branch Visit: Offline Method (Step-by-Step)
If online banking isn’t an option, here’s how to update mobile number in bank account by visiting a branch:
Visit your nearest or home bank branch
Request a mobile number update form
Fill in your account details and new number
Submit valid ID proof such as Aadhaar card or PAN card
The bank verifies your documents as per KYC compliance
Once approved, your mobile number change in bank account is processed
Alternate Ways to Update Your Mobile Number
Apart from net banking and branch visits, some banks also offer:
ATM Update: Insert your debit card, enter your PIN and choose ‘Update Mobile Number’
Customer Care: Some banks allow updates over phone support after verification
These options are useful if you’re checking can we change mobile number in bank account online or through assisted channels.
Important Tips to Keep in Mind
Always use official bank apps, websites, ATMs, or branches
Keep your old mobile number active until verification is complete
Carry valid ID proof like Aadhaar or PAN for offline requests
Mobile number updates are part of mandatory KYC compliance, so mismatched details may cause delays
Never share OTPs, PINs, or passwords with anyone
Just like deciding which is safer, a credit or debit card, choosing a secure and official update method is crucial
Following these tips ensures your mobile number change in bank account is smooth and secure.
Why Updating Your Mobile Number Matters
Your registered number is essential for account security, real-time alerts and digital banking access. It’s also needed when applying for financial services. For example, you can sign up using your mobile number to apply for a loan instantly when required.
With Fibe, you can get cash up to ₹10 lakhs in minutes with flexible repayment options. Download the Fibe App today to explore more.
FAQs on Change Mobile Number in Bank Account Online
1. How many days will it take to change mobile number in bank?
Most banks update your number within 24 hours to 3 working days. For branch requests, it may take up to 5 working days.
2. Can we change mobile number in bank account online?
Yes, we can change mobile number in bank account online is a common question and most banks allow this through net banking or mobile apps with OTP verification.
3. Can I change my bank account phone number online?
Absolutely. If you’re wondering can we change mobile number in bank account online, simply log in to your bank’s app or website and follow the profile update steps.
4. Will I get confirmation after the update?
Yes, banks usually send a confirmation SMS to your new number and sometimes an email once the phone number change in bank account is complete.
5. Is there any fee for changing my mobile number?
No, banks generally offer mobile number change in bank account as a free service.
A crossed cheque is a cheque marked with two parallel lines, usually on the top-left corner or across the face of the cheque. It cannot be cashed directly at the bank counter and must be deposited into a bank account. This makes cheque payments safer, more traceable and less prone to misuse.
Let’s say, if you issue a crossed cheque to a vendor, the amount will be credited to the vendor’s bank account instead of being handed over as cash to anyone presenting the cheque. That is why crossed cheques are commonly used for business payments, rent, supplier dues and high-value transactions. Read on to understand the concept in more depth.
What is a Crossed Cheque? – Meaning & Definition
A crossed cheque is a cheque that carries two parallel transverse lines on its face. These lines act as an instruction to the bank that the cheque amount should be routed through a bank account and not paid in cash over the counter.
In simple words, crossed cheque meaning refers to a safer form of cheque payment where the money is credited to the recipient’s account. This creates a banking trail and reduces the chances of fraud, theft or unauthorised encashment.
A crossed cheque is especially useful when the payer wants to ensure that the payment reaches the intended person or business account.
How Does a Crossed Cheque Work?
A crossed cheque works by restricting cash withdrawal and directing the bank to process the payment through an account. Here’s how it usually works:
Cheque is issued: The drawer writes the cheque with the payee’s name, amount, date and signature.
Crossing is marked: Two parallel lines are drawn on the cheque. Additional words such as ‘A/C Payee Only’ or ‘Not Negotiable’ may also be written.
Payee deposits the cheque: The recipient cannot collect cash at the counter. They must deposit the cheque into their bank account.
Bank verifies details: The bank checks the cheque details, signature, date, amount and crossing instructions.
Amount is transferred: Once processed, the money is credited to the payee’s bank account.
Transaction becomes traceable: Since the amount moves through bank accounts, it creates a clear record.
Risk of misuse reduces: Even if the cheque is lost, it is harder for an unauthorised person to cash it directly.
Who Can Cross a Cheque?
A cheque can be crossed by different parties involved in the transaction:
Drawer: The person issuing the cheque can cross it while writing it.
Holder: The person legally holding the cheque can cross an uncrossed cheque.
Payee: The recipient can add crossing to improve payment safety.
Banker: In certain cases, a banker may add or complete crossing instructions for collection purposes.
Collecting bank: If required, the bank may process the cheque according to the specific crossing mentioned.
Types of Crossed Cheque
There are 4 main types of crossed cheques, and each type gives a different level of payment restriction and security.
1. General Crossed Cheque
A general crossed cheque has two parallel lines drawn across the cheque. It may also include words such as ‘& Co.’ or ‘and company’ between the lines.
This type of cheque cannot be cashed directly at the counter. However, it can be deposited into a bank account through any bank. It offers basic security by ensuring the money moves through the banking system.
2. Special Crossed Cheque
A special crossed cheque mentions the name of a specific bank between the two parallel lines. This means the cheque can be collected only through that named bank.
For example, if ‘ABC Bank’ is written between the lines, the cheque must be processed through ABC Bank. This type of crossing adds an extra layer of control because the payment route is clearly specified.
3. Account Payee Crossing
An account payee crossing includes words such as ‘Account Payee,’ ‘A/C Payee’ or ‘A/C Payee Only’ between the two lines.
This is one of the safest forms of cheque crossing because the amount should be credited only to the account of the named payee. For example, if the cheque is written in favour of ‘Rahul Sharma,’ it should be deposited into Rahul Sharma’s account only.
4. Not Negotiable Crossing
A not negotiable crossing includes the words ‘Not Negotiable’ between the lines. This does not mean the cheque cannot be transferred at all, but it limits the transferee’s rights.
In simple terms, the person receiving such a cheque cannot get a better title than the person who transferred it. This helps protect the original owner in case the cheque is stolen or wrongfully transferred.
Benefits of Using a Cross Cheque
Cross cheques are widely used because they make payments safer and easier to track. Here are the key benefits:
Improved security: The cheque amount is credited to a bank account instead of being paid as cash.
Lower fraud risk: It becomes difficult for an unauthorised person to misuse or encash the cheque.
Clear transaction trail: The payment can be traced through bank records.
Useful for high-value payments: Crossed cheques are safer for large payments such as rent, vendor bills or business dues.
Better accountability: Both payer and payee can maintain proof of payment.
Reduced cash handling: It avoids the risks of carrying or collecting large amounts of cash.
Helpful in disputes: Bank records can support payment verification if any issue arises later.
Professional payment mode: Businesses often prefer crossed cheques for organised and documented transactions.
Pros and Cons of a Crossed Cheque
Pros of a Crossed Cheque
Cons of a Crossed Cheque
Reduces the risk of theft and fraud
Cannot be cashed instantly at the counter
Ensures the amount goes through a bank account
May take time to clear
Creates a clear banking record
Requires the payee to have a bank account
Safer for large payments
Not ideal when urgent cash is needed
Useful for business and vendor transactions
Errors in payee name or crossing can delay processing
Helps resolve payment disputes
Bank holidays or clearance timelines may affect access to funds
How to Cross a Cheque?
Crossing a cheque is simple. You only need to mark the cheque correctly before handing it over to the payee.
Draw two parallel lines on the top-left corner or across the face of the cheque.
For extra safety, write ‘A/C Payee Only’ between the lines.
Mention the payee’s name clearly.
Write the amount correctly in words and numbers.
Add the date and sign the cheque.
Avoid overwriting or unclear markings.
Do not leave blank spaces that can be misused.
For special crossing, write the specific bank’s name between the lines.
When Should You Use a Cross Cheque?
You should use a crossed cheque when you want a safer and more traceable payment method. It is useful in situations such as:
Paying vendors, suppliers or service providers
Making rent or security deposit payments
Paying school, college or business fees
Issuing payments to someone you do not know well
Making high-value payments for goods or services
Sending money where proof of payment may be required later
Avoiding direct cash withdrawal by the cheque holder
A crossed cheque keeps your money safer by ensuring it goes into a bank account rather than being withdrawn as cash. Whether for personal or business use, it is a practical way to make cheque payments more secure.
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FAQs on Crossed Cheque
1. Can a crossed cheque be cashed?
No, a crossed cheque cannot be cashed directly at the bank counter. It must be deposited into a bank account, and the amount is credited after bank processing.
2. What is the difference between a crossed cheque and a bearer cheque?
A crossed cheque must be deposited into a bank account, making it safer and traceable. A bearer cheque can usually be encashed by the person who presents it at the bank, which makes it less secure.
3. Who can cross a cheque in India?
The drawer, holder, payee or banker can cross a cheque, depending on the situation. The drawer usually crosses it while issuing the cheque.
4. Is a crossed cheque a negotiable instrument?
Yes, a cheque is a negotiable instrument. However, certain crossings such as ‘Account Payee’ or ‘Not Negotiable’ restrict how it can be transferred or collected.
5. What happens if a crossed cheque is lost?
If a crossed cheque is lost, it is safer than an open cheque because it cannot be easily cashed at the counter. Still, you should immediately inform your bank and request a stop payment to prevent misuse.
6. Can a crossed cheque be transferred to a third party?
It depends on the type of crossing. A general crossed cheque may be transferable, but an account payee cheque is meant to be credited only to the named payee’s account.
Transferring money across borders has never been easier. Whether you need to support your family, pay tuition fees or cover international expenses, there are now multiple safe and convenient ways to send money internationally.
Read on to learn everything about what it is, what are the steps involved and how beneficial it is.
What is an International Money Transfer?
It allows you to send money from your bank account in one country to another person’s bank account in a different country. You can transfer money overseas through your bank, mobile banking app or online platforms, thanks to advancements in financial technology.
What are the Steps to Sending Money Abroad?
Step 1: Choose Your Transfer Method
You have many options for transferring money overseas:
Bank Transfers – Directly send money from your savings account to the recipient’s bank account
Online Platforms – Services like PayPal, Wise and Western Union allow you to send money internationally digitally
Mobile Banking Apps – Many banks offer international money transfer options through their apps with ease
Step 2: Get Required Details
Before making a transfer, you’ll need some of the important details like:
Recipient’s full name
Recipient’s bank details (account number and bank name)
SWIFT/BIC Code – Unique code that identifies the recipient’s bank
Currency in which you want to send money abroad
Purpose of the transfer (some banks may ask for this)
Step 3: Check Transfer Fees and Exchange Rates
International money transfer usually comes with additional costs, such as:
Transfer Fees – A fixed fee is charged for the transaction.
Exchange Rate Markups – Some providers offer exchange rates higher than the market rate, which increases costs.
Receiving Fees – Some banks charge fees for receiving international transactions.
Step 4: Initiate the Transfer
Once you have all the details, you can complete the transfer through:
Your bank’s website or mobile app.
An online money transfer service.
A physical visit to the bank branch.
Step 5: Track the Transfer
After initiating the transfer, you’ll receive a confirmation number or tracking ID. You can use it to monitor your transaction and ensure it reaches the recipient successfully.
Why International Money Transfers are Beneficial?
Fast and Secure – Modern banking technology ensures quick and safe transfers, usually within minutes or hours.
Convenience – You can send money internationally anytime, anywhere, using digital platforms.
Supports Multiple Currencies – International money transfer services work with various currencies, making transactions hassle-free.
Best Ways to Transfer Funds Internationally
Bank Transfers – Safe and reliable but may have higher fees
Online Services (Wise, PayPal, Western Union) – Very fast and sometimes cheaper alternatives to banks
Mobile Banking Apps – Convenient for users who prefer digital banking on the go
Tips for a Smooth International Money Transfer
Compare Providers – You should check the fees and exchange rates before choosing a transfer service.
Double-Check Details – You need to ensure the recipient’s details (name, account number, SWIFT/BIC code) are correct to avoid delays or wrong transfers.
Plan Transfers in Advance – If your transfer isn’t urgent, wait for better exchange rates to save money.
Know Transfer Limits – Some banks and platforms charge daily or monthly limits on international money transfers.
Sending money abroad has become simpler and more efficient. If you are wondering how to send money to overseas, following these steps will make the process easy and hassle-free. Need more cash to make transfers? Fibe is here to help. You can get cash up to ₹5 lakhs within minutes. Enjoy a 100% application process and 0 foreclosure charges with quick approvals. Download the Fibe App today and explore more!
FAQs on International Money Transfers
Can I send money internationally using Google Pay?
Yes, Google Pay allows international transfers through services like Wise and Western Union.
How much tax is charged when sending money from India?
For transfers above ₹7 lakh, a 5% Tax Collected at Source (TCS) is applicable under the Liberalised Remittance Scheme (LRS).
Can I keep my Indian savings account if I move abroad?
Yes, you can maintain an Indian savings account while living overseas.
How can I use my Indian bank account abroad?
You can use it for online transactions, fund transfers and other banking services.
Gone are the days when you had to travel long distances just to withdraw cash. Thanks to Micro ATMs, banking services are now more accessible, especially in rural and remote areas. These small, portable devices allow you to withdraw money, check your balance and even make transactions. You can do all of these without visiting a bank or a traditional ATM.
Interested to know what is Micro ATM and why it’s a great invention? Read on.
What is a Micro ATM?
A Micro ATM is a compact, portable device that offers basic banking services such as:
Micro ATM cash withdrawal
Balance enquiries
Money transfers
Bill payments
These devices run on mobile networks, making them ideal for places with poor connectivity. It also uses biometric authentication like fingerprint scanning, ensuring secure and hassle-free transactions. Micro ATMs are cost-effective and easy to maintain. These devices are really helpful as they enable banks to reach more people, especially in areas with limited banking infrastructure.
How to Withdraw Cash Using a Micro ATM?
Withdrawing money from a Micro ATM is simple. Here’s how it works:
Authenticate Yourself: You can place your finger on the scanner for biometric verification. The device will check your identity against the bank’s records. Enter the Withdrawal Amount: Once authenticated, enter the amount you wish to withdraw. Transaction Processing: The Micro ATM connects to the bank’s server through a mobile network to process your request. If you have sufficient funds in your bank account, the transaction will be approved. Cash Issued: The cash is handed over to you, completing the Micro ATM cash withdrawal process.
Micro ATM benefits go beyond just cash withdrawals. These devices make banking easier in so many ways.
Expanding Banking Access
A Micro ATM brings banking services to remote areas where banks and ATMs are insufficient. Now, people no longer have to travel long distances to get cash.
Cost-Effective for Banks
Setting up a traditional ATM is expensive but a Micro ATM requires minimal infrastructure and lower operational costs. This allows banks to expand their services without spending too much.
Convenience for Customers
Micro ATMs are found in local shops, small businesses and even mobile banking vans. This means you can complete a Micro ATM cash withdrawal without visiting a bank or waiting in long queues.
Promoting Financial Inclusion
By making banking services available in underserved areas, Micro ATMs help people become part of the formal financial system. This allows them to open savings accounts, make payments and transfer money with ease.
The Future of Micro ATMs in India
Micro ATMs are changing the way people access banking services. With over 2,00,000 Micro ATMs already in use across India, this number is only set to grow as banks expand their reach.
FAQs on Micro-ATM
How many Micro ATMs are there in India?
Currently, there are over 2,00,000 Micro ATMs operating across urban and rural India.
Can we withdraw money from a Micro ATM?
Yes, a Micro ATM works similar to a regular ATM. You can do a Micro ATM cash withdrawal by authenticating your identity through a fingerprint scan and the transaction completes in seconds.
Cash is still a preferred way to transact for many – whether it’s income from a business, money received as a gift or savings you’ve been setting aside over time. A cash deposit is simply the process of adding that physical currency to your bank account. Which then becomes available for withdrawals, transfers or everyday use.
But depositing cash isn’t entirely without rules. Banks in India follow RBI guidelines on cash deposits. These rules set clear limits on how much cash you can deposit at a time. They also define when you need to submit supporting documents. And if your deposits cross a certain limit, your bank is required to report it to the Income Tax Department. So, knowing these rules in advance means no surprises later.
Read and learn more about the cash deposit limits in savings accounts concerning several features, including daily and yearly limits.
Cash Deposit Limit in Savings Account Explained
A cash deposit limit is simply the maximum amount of cash you’re allowed to deposit into your savings account within a given time period – per day or per financial year.
These limits exist for good reason. They help banks and regulators keep an eye on large or unusual cash movements, which can sometimes be linked to tax evasion or money laundering. Staying within these limits keeps your transactions clean and hassle-free. Cross them and you may need to explain where the money came from.
Basically, this limit isn’t there to stop you from using your own money. It’s there to make sure the financial system stays transparent for everyone.
Cash Deposit Limit in Savings Account Per Day in 2026
According to RBI rules, you can deposit up to ₹50,000 without providing your PAN details. A cash deposit above ₹50,000 requires your PAN details or the PAN should be linked to your bank account.
Cash Deposit Limit in Savings Account Yearly
Here’s how the annual cash deposit limit works:
Step 1: The annual cash deposit limit for a savings account is ₹10 lakh per financial year.
Step 2: If your total cash deposits cross ₹10 lakh in a year, your bank is required to report this to the Income Tax Department.
Step 3: Once flagged, the Income Tax Department may send you a notice asking you to explain the source of the funds.
Step 4: You’ll need to provide documents that justify where the money came from – salary slips, sale proceeds, gifts or any other legitimate source.
Step 5: If you can’t explain the source satisfactorily, it could lead to tax scrutiny or penalties.
The key takeaway -Depositing large amounts isn’t illegal – but you need to be able to back it up with a paper trail.
Tax Rules for Cash Deposits Above ₹10 Lakhs
Depositing more than the allowed cash limit may attract the attention of the Income Tax Department. Section 269ST of the Income Tax Act also restricts any person from accepting ₹2 lakhs or more in cash from a single person in a day, in a single transaction or across multiple linked transactions. Here’s what you need to keep in mind:
If you deposit more than ₹10 lakhs in cash in your savings account in a year, it gets reported to the Income Tax Department.
You’ll need to provide your PAN for such deposits.
Too many large cash deposits might lead to a tax notice.
Banks are required to inform the government about these big transactions.
A little awareness goes a long way when it comes to cash deposits. Here are some simple habits worth following:
Stay within the annual limit: Try to keep your total cash deposits under ₹10 lakhs in a financial year. It keeps things clean and avoids any unwanted attention.
Always share your PAN when needed: If you’re depositing more than ₹50,000, have your PAN ready. It’s a small step that keeps your transaction transparent.
Go digital for big amounts: For large transfers, bank transfers, cheques or UPI are much smoother options. They’re not subject to the same cash deposit rules and leave a clear trail.
Keep your records handy: Hold on to any documents that show where your money came from – salary slips, sale receipts. If questions ever come up, these can act as justifications and proof.
Cash deposits are important to maintain a minimum balance in some cases. Staying informed helps you manage money wisely and avoid penalties. If you fall short of funds, Fibe is here to help!
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FAQs On Cash Deposit Limits in Savings Accounts
1. How often can you deposit large amounts of cash?
There’s no set limit on how many times you can deposit large amounts – as long as each deposit stays within your bank’s daily and yearly thresholds. Just keep in mind that very frequent large deposits can prompt your bank to ask for supporting documents.
2. Are there restrictions on deposit frequency?
It depends on your bank and account type. Some are flexible, others have stricter internal caps. Best to check with your bank once so you’re not caught off guard at the counter.
3. How much cash can I deposit in my bank account?
You can deposit up to ₹50,000 in one go – no PAN needed. Above that, PAN is mandatory. And if your total cash deposits in a year cross ₹10 lakh, your bank will report it to the Income Tax Department. Keeping proof of income can be helpful in such cases.
4. What are the new rules for cash deposits?
Here’s what currently applies:
Cash deposits above ₹50,000 require your PAN
Total yearly deposits above ₹10 lakh get reported to the Income Tax Department
Under Section 269ST, accepting ₹2 lakh or more in cash from one person in a single day or transaction isn’t allowed
Unusual cash activity triggers a Suspicious Transaction Report from your bank
Same rules, same limits – regardless of which bank you’re with.
