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What is the cooling period in Corporation Bank? |



The corporation bank has a cooling period before the end of which it can be closed. The requirement to keep sufficient capital in reserve will ensure that no unnecessary risks are taken during this time and the public money is safe

The “what is cooling period in union bank” is a question that has been asked many times before. The cooling period refers to the time frame during which an individual can withdraw money from their account without incurring any penalties for doing so.

What is the cooling period in Corporation Bank? |

Three weeks from the valuation date is the cooling period. If the instrument’s beneficiary is not paid within one week of the estimated due date, the client will be reimbursed for the delay by receiving interest at 2% over the appropriate Savings Bank rate of interest, as per FEDAI law.

What is the cooling period at Icici Bank?

Historically, banks were not recognized for their excellent customer service, minimal fees, or excellent client experience. After a 30-minute cooling time, the consumer may transfer money to the payee. We’ve also introduced the idea of a 30-minute cooling time after beneficiary addition.

Second, how can I get my company’s bank debit card activated? The procedures to activate a Corporation Bankdebit card are as follows.

  1. Make a trip to a Corporation Bank ATM.
  2. In the ATM machine, insert the card.
  3. Enter the PIN that the bank has given you.
  4. When you enter your PIN, you’ll be given a set of instructions to follow.
  5. The debit card is activated when you follow these procedures.

With this in mind, what is the maximum cooling period?

After you add a beneficiary to your online banking account, you must wait for transactions with the full limit set by the bank. This period is known as the cooling period, and it is during this time that you are permitted to conduct transactions with particular restrictions. The cooling off time for third-party transfers made through Internet Banking (OnlineSBI) has been shortened.

What is the cooling time for adding a beneficiary for money transfer activation?

Beneficiaries who are accepted after 8 p.m. will be activated the following day at 8 a.m. (IST). Only when the new beneficiary has been activated can you begin transferring cash to them. If the system is operational, you may transfer a total of Rs. 5,00,000 to a new beneficiary within the first four days following activation.

Answers to Related Questions

What happens if I enter the incorrect IFSC code?

What happens if the IFSCcode is incorrect? No issue if you specified the IFSC of another bank; your monies will be credited to your account. If you provide the same account number, but the IFSC of a different bank is present, your cash will be credited to that account.

Is it possible to send 4 lakh using IMPS?

For example, a transfer of up to 10,000 dollars will cost you $2.50. Amounts more than $10,000 but less than one lakh will be charged a fee of $5. You will be charged $15 if you submit more than 1 lakh but less than 2 lakh. Generally, banks charge 5 for sums up to 1 lakh and 15 for quantities exceeding 1 lakh and up to 2 lakh when transferring money using IMPS.

Is there a limit to how many imps I can do in a day?

For IMPS transactions, there is no daily transaction limit. However, the channel you’re using, such as the mobile app or Internet Banking, may have limitations. For example, if you use the Axis Mobile app, the daily money transfer limit for a normal savings account is 10 lakhs.

Is there a limit to how many imps you can have?

The maximum IMPS transaction limit is Rs. 2 lakh. Depending on your bank and IMPS Limits approval, multiple transactions may be permitted. The minimum and maximum transaction limitations for IMPS, NEFT, and RTGS are shown here.

Is it possible to halt IMPS payments?

An IMPStransaction cannot be stopped. The acronym IMPS stands for “instant payment system.” It’s like if you complete a transaction and a success notification appears on your screen within a second, and the beneficiary A/C is promptly credited. The transaction cannot be stopped. You can’t even halt a neft or rtgstransaction.

How can I check the details of my imps?

You may follow your IMPS reference number online by logging into your mobile banking account and selecting the “Know your MMID” option. You may also monitor your IMPS referencenumber by sending an SMS to the number supplied by your bank.

Is it possible to reverse an IMPS transfer?

If the erroneous recipient refuses to accept the payments, the bank may initiate legal action against the account holder or instantly reverse the monies from his account. Banks usually need you to input the recipient’s account number twice when adding a payee to your account.

Is it possible to make an internet transfer of more than ten lakh rupees?

Payment Gateway transaction limit is up to 10lakh per day / per transaction. Own account fundtransfer — No limit (up to the available balance indebit account). IMPS to registered beneficiary – up to Rs 2Lakh per day/per transaction. NEFT & RTGS to registeredbeneficiary per day/per transaction – up to Rs 5lakh.

What exactly is Irata?

The Industrial RopeAccess Trade Association (IRATA) was founded in the late 1980s in the United Kingdom to address maintenance issues in the offshore oil and gas sector. IRATA directs and controls the training of all employees pursuing IRATA certifications via its members.

What exactly is IMPS p2a?

P2A and P2P modes are used in IMPS to transfer funds to other bank accounts. IMPS P2A allows you to send money from your phone to any beneficiary’s account by supplying the appropriate information. When you don’t have access to the beneficiary’s Mobile Money Identifier or MMIDnumber, you may use this option.

Is it preferable to use imps or Neft?

NEFT and RTGS services will be unavailable on weekends and holidays, however IMPS services will be accessible 24 hours a day, 7 days a week. NEFT also sends cash in scheduled batches, but RTGS and IMPS send money in real time. The minimum fund amount for NEFT and IMPS is Rs. 2 lakhs, whereas the minimum fund value for RTGS is Rs. 2 lakhs.

What is the audit cooling period?

3 years ago, the audit staff responded. The time after which the same CA / firm can’t be hired as an auditor in the same business is 1 term (2 terms in the case of an audit firm). This time is known as the cooling period. Cooling time is 5 years.

How can I receive my Corporation Bank ATM pin?

You may receive all information about online and offline steps to change ATM card pin in Corporation Bank by dialing 1800 425 2407 from your registered cellphone number.

What is the procedure for obtaining TPIN?

The Telephone Identification Number (TPIN) is afour-digit number which you will need to use along with the cardnumber in order to access your account through the IVR. TheTPIN can be generated by keying in your card number &date of birth the first time you login to IVR.

What is the CIF code?

What is the CIF code? It is a digital or virtualfile containing all the important banking details of the accountholder. The CIF number is an 11 digit numberrepresenting the file. It is unique for every customer. All thecustomer’s accounts are linked to the one CIF number givento the customer.

How can I get my ATM card unblocked?

6 Easy Steps to Unblocking Your Debit Card

  1. Log in to your Internet Banking or Mobile Banking account.
  2. Select DEBIT CARD SERVICES from the drop-down menu.
  3. Select DEBIT CARD OFF from the drop-down menu (Temporary Blocking).
  4. Select your Account Number & Card Number form the drop-downmenu, select the reason and enter your comments.
  5. Click PROCEED and input the OTP that was sent to your registered phone number or email address.

What is the Corporation Bank’s minimum balance?

Bank Savings Account Minimum Balance Requirements for Corporations Accounts held in all branches, except in rural regions, have a quarterly average balance of Rs.500. A QAB of Rs.250 must be maintained in rural regions. It is necessary to maintain a quarterly average balance of Rs.100.

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Personal Finance

Instant Money Transfers: How to Speed Up Your Financial Transactions?




People today are no longer limited to using traditional banking methods and payment options like cash or checks for their financial transactions. With digital payment options becoming increasingly popular, money transfers have become easier. However, while these solutions offer convenience, they only sometimes guarantee a speedy transaction of funds from one party to another. If you need an instant transfer solution that allows you to move your funds without any hassles quickly, keep reading. Here are some tips to help you get started with an instant money transfer:

Find a Trustworthy Money Transfer Provider

Finding a trustworthy money transfer provider is paramount in ensuring your money’s safe and efficient transfer. Start by researching different providers, particularly their reputation, customer reviews, and transaction security protocols. The team at Paysend can help you send money to the Philippines from the USA in just a matter of seconds. A reliable provider should have a robust security framework to guard against fraud and hacking attempts. Additionally, consider the speed of their service, the fees they charge, and the exchange rates they offer.

Some providers may offer attractive transfer rates but compensate with hidden charges, so read the fine print. Customer service is another important factor; a good provider will have a responsive and knowledgeable support team to promptly address any issues or concerns. Regulatory compliance is also crucial – ensure the appropriate financial authorities regulate the provider. Remember, a trustworthy provider prioritizes the security and satisfaction of its customers above all else.

Select Your Preferred Payment Method

Choosing your preferred payment method is a critical step in instant money transfers. Several payment methods are available, and the best choice often depends on one’s circumstances and preferences. The most common payment options include bank transfers, debit or credit cards, and digital wallets. Bank transfers, while reliable, may provide a different speed than some users require. Debit or credit card payments are typically faster but may carry higher fees.

Digital wallets like PayPal or Apple Pay offer speed and convenience, allowing you to transfer funds digitally without requiring bank account information. The factor to consider here is not just the convenience of the payment method but also its transaction speed, security, and associated charges. Always select a payment method that suits your needs regarding these factors.

Sign Up for an Account

Once you have selected the ideal payment method and provider, it is time to sign up for an account. Most providers will require personal information such as your name, address, email ID, and phone number, so make sure the details you provided are accurate. You might also be asked to supply additional documents, such as identification proof and bank statements, to verify your identity.

Sometimes, you may need to link your bank account with the transfer provider’s platform; read through their documentation carefully to understand what steps you need to take. Once the registration process is complete, you can access and use the money transfer service for quick transfers.

Initiate the Money Transfer

Most providers will require you to register on their platform with valid ID documents before proceeding. Enter all the necessary details correctly and accurately, including recipient information and account numbers. Additionally, make sure that you double-check the amount of money being transferred and the associated fees.


Confirm everything is correct before hitting ‘Send’ to avoid costly mistakes or delays in transfer processing. You should receive an email or text message confirming the transfer with your transaction details, including the recipient’s account information and a tracking number. You can use this tracking number to monitor the progress of your money transfer.

Complete the Money Transfer Process

This usually requires providing basic information such as the recipient’s name, address, and contact details. Depending on your provider, you may also need to specify what currency you’re sending and offer additional security authentication. Once this is done, enter the amount you wish to transfer, verify the transaction details, and approve it. After that, your money should be on its way to the recipient’s account immediately.

Some providers offer extra features such as tracking services or reminders for upcoming transfers for added security and convenience. These features can come in handy when sending payments regularly or tracking the status of a transaction. Additionally, look out for any special offers, discounts, or rewards available to loyal customers. Many money transfer providers offer these incentives as a way of showing appreciation and encouraging loyalty among their customers.

Monitor the Status of Your Transfer

Most providers will allow you to monitor the progress of your transfer in real time. Some may even send notifications via email or text message when the money reaches its destination. If you sense any delays, contact customer support for assistance. Money transfers can take a few minutes to several hours, depending on the selected payment method and recipient country.


Finally, always save all records related to your money transfers, including emails and receipts. If there are any discrepancies or disputes, you can refer to these documents for clarification. With the help of a reliable provider and modern payment methods like digital wallets, you can now easily make instant money transfers. So get started today and experience the convenience of instant money transfer services.

Receive and Verify the Transaction

Once the money has been transferred, you or the recipient should receive a notification of completion. At this point, ensuring the transaction was successful, and all details were correct is important. For security purposes, some providers may ask for additional verification from either party to avoid fraud and other malicious activities. This process could include providing a digital signature or proof of identity.

Once the verification is complete, the funds should be available in the recipient’s account almost immediately. If you have any concerns, contact customer support to get assistance or help resolve any issues. Remember that reliable providers prioritize customer satisfaction and security above all else. With these steps, you can now easily and safely transfer money with instant money transfer services.

Nowadays, it’s more important than ever to employ secure digital payment methods in your daily financial transactions. That’s why researching which providers offer the best services regarding speed, security, transaction fees, and customer support pays off. With the right provider, you can have peace of mind knowing that your money transfers will be conducted instantaneously and securely.

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Personal Finance

The Ins and Outs of Getting a Loan With Bad Credit




If financial difficulties or uninformed decisions have left you with bad credit, you may not know where to turn for a loan. While borrowing money with a low credit score may take additional research or work, it’s likely still within your reach.  

Many lenders offer bad credit loans for people who need extra cash but may not have the best credit background. Applying for a loan with bad credit may feel intimidating, but the following considerations could make the process easier.

Start by Checking Your Credit

Before you begin shopping for loans, check your credit report. Some creditors require specific scores for each loan product, even those designed for bad credit, so knowing your score saves you time.

It’s also important to check your credit report for errors that may drag your score down and limit your loan options. You can access this information from Equifax and TransUnion for free online.

Compare Your Options

While a lower credit score likely disqualifies you from some personal loans, you may still have many options. Some lenders offer loans specifically for people with low credit scores who struggle to qualify for other options.


Bad credit loans may require a deposit or other fees, have higher interest rates than other loans, or include income requirements. However, they may also offer a wide range of payment terms and options like online portals that make managing your loan easier. With some research, you could find the right fit for your circumstances.  

Whenever possible, take advantage of loan prequalification. Many lenders allow you to check your potential eligibility for a loan by providing personal and financial information. They use that to run a soft credit check, which doesn’t affect your credit score. If you pre-qualify, they’ll provide information about possible rates and terms. You could complete prequalification forms for multiple loans to help you find your best option.

Improve Your Application

Some financial decisions improve your loan eligibility. A friend or family member with better credit may agree to co-sign your loan. In that case, their financial information influences your eligibility for a loan.

Cosigners take on substantial risk. If you fail to repay your loan, your cosigner becomes responsible. Likewise, issues with the loan could hurt their credit score and put a strain on your interpersonal relationship.  


If multiple lenders have declined your applications for unsecured loans, consider a secured loan instead. Secured loans require collateral, like a deposit, car, or other property. If borrowers don’t repay their loans, lenders may seize the collateral. Lending institutions don’t take on as much risk with secured loans as unsecured loans so they may have more lenient credit requirements for borrowers.

Avoid Scams

Unfortunately, fraudulent lenders often exploit consumers who have limited loan options. Before providing a lender with any personal or financial information, ensure they’re legitimate. Otherwise, you risk having your identity stolen or paying fees for a loan you never receive.

Be wary of anyone offering guaranteed approval or soliciting your business via cold calls. Always verify loan servicers’ contact information and check their reviews on trusted third-party websites.

The Bottom Line

If you have bad credit, you could still qualify for a personal loan. Remember to check your credit score, investigate your options, and confirm a lender’s legitimacy before applying. If you still struggle to qualify, you may need a cosigner or collateral to boost your application.

By taking some extra steps, you can make getting a loan easier and safer.

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Personal Finance

Four Ways to Save on Fuel in 2023





From increasing energy bills to price hikes at online stores and supermarkets, all individuals globally feel the need to make their money to go further and do more. And there has never been a perfect time to know how to save more on fuel than now.

From getting fuel cards with great deals and driving more efficiently to using telematics and keeping your vehicle in good condition, here are different ways to save money on fuel.

Get a Fuel Card

A fuel card can provide you with more than the ability to purchase fuel from a good station. With a fuel card, you can control your business’s fuel spend by getting discounts on fuel pump rates, setting spending limitations, and increasing your cash flow – all enabling you to save a significant amount of money.

Fuel cards allow savings on fuel, which means that the price you pay is always less compared to the one indicated on the fuel pump machine. With numerous fuel cards available out there, find the right partner with excellent deals.

Use Telematics/Advanced Route Planning

Digital telematics solutions come with real-time GPS tracking as well as remote automobile diagnostics helping individuals and company owners to thoughtfully plan the most efficient routes depending on different data points. A high-quality telematics solution also integrates with route optimisation systems to plan the most efficient routes and offer turn-by-turn directions and navigations.


Well-planned routes allow automobiles to get from point C to D efficiently, significantly minimising time spent and distance covered, saving on fuel. Heavy-duty automobiles can avoid routes with steep hills. You can also re-plan a hilly route for a light and medium-duty automobile.

But as you do that, ensure the route you choose doesn’t take your drivers too far. Side-step all congested routes and those that require excessive stopping and starting or cause unnecessary idling.

Drive More Efficiently

One of the proven ways to save on fuel is to manage driver behavior. Whether you’re a driver or fleet manager, you need to keep yourself or drivers accountable for how they utilize their fuel cards.

You should also reinforce ways to conserve fuel through safety training – many of the behaviors that are taught as techniques of safe driving, such as driving more efficiently. Most businesses and individuals use telematics to control driver behavior, such as harsh accelerating or braking, to maximize return on investment by minimizing fuel spend.

Keep Your Vehicle in Good Condition

If you keep your automobile in excellent condition by servicing it in line with the guidelines of the manufacturer, it’ll help you save on fuel costs. Fix any faults quickly to make sure your vehicle is operating efficiently.


When you keep your car in excellent condition, you’ll enjoy numerous benefits, saving fuel being one of them. A vehicle that isn’t serviced based on the guidelines of the manufacturer can increase the consumption of fuel by approximately 50%.

Integrate these four ways into your automobile’s daily activities, and you’ll be able to save on fuel.

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