One of your company branches in another Location urgently requires sum of Rs 100000.00, with in three to four hours. What will you do? Since your branch is far away it is impossible to send money by hand. One of the useful and fastest ways is RTGS. It is a fund transfer system from one bank to its branch and another bank branch. You can transfer money from your bank to your branch bank account through RTGS within two or three hours.It is faster than …

Most of us have deposited cheques in our bank account to collect amount from somebody or from a business. And bank collected the amount from issuer bank and credited your account. Let’s see what are the processes involved in it. Before knowing the clearing procedure you should know what a local cheque is? It is a cheque issued by a person or company in the same city where receiver bank located. Since issuer bank and receiver bank is located in the same city cheque …

Two in one account is benefited to customer by providing a Term deposit linked with SB account .The amount in excess to a particular limit in an SB account is automatically transferred to term deposited for a particular period. By default the period is one year. This kind of auto transfer is called auto sweep. Term deposit created through auto sweep carries a higher interest rate than SB Account and all other terms of interest payment and premature withdrawals are applicable on the day …

IFSC Code is a unique eleven digit code for the purpose of identifying bank branches in India. Some times it is difficult to identify banks by using place name, the coding system is very useful even if there are multiple branches are there in the same location for the same bank. It is an alpha numeric number First four character representing the banks code ,the next character reserved as control character Presently zero appears in the fifth position and remaining six characters to identify …

Are you Commerce bachelor not studied further and looking for a job? Choosing a path towards a job or career is one of the most important decisions you will make in your life. Being a commerce graduate you have plenty of options to choose. To become a good sales person or marketing executive is a good decision. The decision to become an accountant increases your chances to get placed in an organization. Because trained accountant professional is highly demanded in every industry. Accounting is …

Welcome to Accountinghead.com.This site is about anything related to accounting. Which includes, tips for using accounting software’s, financial related information, taxation & legal compliances, banking information. You will get the technology updating and innovative methods introduced in modern business. Since I am a technology lover you can expect that also from my blog. In the beginning I am starting with a less and gradually cover beyond the area mentioned. This blog is useful for readers who are working ,studying in accounting, financial area …