Hidden Charges you must Know if you are using a Credit Card

As we all know credit cards are helpful for the purchases we make through it. And the bank offers us free cards. But there were compulsorily things you must know about a credit card. Like our imagination credit card is not free. We have to pay a certain amount for it which is we never knew. All these charges is a headache if we don’t use the credit card properly.

The annual maintenance fee:

Even though the bank says you that they give you free credit card but they are charging many hidden charges on these credit cards. When you get a free card, you think that the joining fee and the annual fee will be reused. But the actual thing is that you have to pay an amount after the initial period. The waived off is only up to one year. And the amount you have to per year is about Rs 1500 to Rs 3000. You can check here for complete details of all charges on all major credit cards in India.

Transaction of Foreign Currency

If you make any transaction using you credit card in foreign currencies then you have to pay a pre-determined fee. This pre-determined is applied in every transaction you made in foreign currencies which depending on the amount how much you transfer. The credit card charges on foreign currencies about 3-5% of its transaction amount.

Interest costs

The bank will give a due date to pay the outstanding amount for each month. If you don’t pay or if you were not able to pay within the expected date which the bank given, then the bank will charge an interest at the rate of 3 cent per month that expenses incurred on the card. This is not seemed as excessively high rate but the actual thing is that the monthly interest rate is annualized to arrive at an annualized percentage rate which is probably known as APR. This APR or annualized percentage rate can be high as 36 to 38 per cent.

Cost on Overseas transaction

You will never know that the bank charges a rate on overseas transaction too. But it is really happening, the bank will charge you a rate for every transaction you made as overseas.  This rate of interest will approximately 3 to 5 per cent of the overseas transaction which is converted into INR. This rate is depending upon the rate of exchange on the day where you made the transaction.

Using credit card for cash withdrawal.

You can make withdrawal through credit card. And some banks give you a certain amount on the first withdrawal you made through credit card. But after that when you made a withdrawal the bank charges on the transaction at the rate of 2.5 per cent on the cash advance. In addition to this you have to pay a certain rate of interest from day one after the withdrawal. There will be high rate of 24 to 25 cent per annum will be charged after the withdrawal.

Crossing card limit cost

Every banks who provides you credit card will put a limit on every credit cards. Even when you cross a single amount of one rupee the bank will charges you a limit amount which is about rs 500 or 2.5 per cent on the over limit amount. The is the minimum amount which can be said as the bank puts high rate on crossing limit.

Late payment fee

When you not able pay on time or when you made late payment, the bank will then also charges a certain amount on your payment. The late payment fee either fixed or flexible depending upon the credit card issued banks. There will be charged at the rate of 100 to 600 rupees for the amount between 500 to 20,000 and rupees 700 to 800 for the amount more than 20,000.

A duplicate statement fees

The monthly statement of the transactions is delivered through the postal address with free of cost by the banks. If you want a duplicate statement fee, you should have request to the bank and the bank will charge you an amount at the cost between Rs 50 to 100. After the payment the bank will issue the duplicate statement.

Card replacement fee

Did you ever lose your card before? There is a chance of losing your card even you have high caring capacity. In such cases you should apply for bank. While applying for card replacement the bank will charge a certain amount for the card replacement which is in between rupees 250 to 300.

Dishonor of ECS charge or limit on every credit cards

When the payment on your credit card bounces the bank, which provides you credit card will charge you a fixed amount. The amount will be at the rate in between rupees 300 to rs 350. There will be an amount of rupees 100 will be added to your statement when the banks sends a representative to pick up the cash or cheque on the amount of overdue in next month.

Surcharges

When you use your card to purchase petrol the bank will charge a percentage of the transaction value. This charge can be either 2.5 per cent of the transaction nor rs 10 to rs 25 flat fee which depends upon your bank. There are some banks which offers a claim on the surcharge for fuel. But this for some certain specified banks which in between rs 400 to rs 4000. Which means any transaction under rs 399 or over 4000 rupees will be charged as usual.

Are you Aware of the Tax Benefits of Life Insurance?

A life insurance policy basically provides financial and monetary protection to the dependants of the insured after his or her death. A life insurance policy is a legal contract between the insurer or the insurance company and the policyholder. It ensures a guaranteed payment to the beneficiaries of the insurer upon his/her death. Various life insurance channels are present like term life, variable universal life, whole life and universal life.

Life insurance plays certain important roles. Life insurance plays an investment role as the premium paid comes back to the individual with added returns. Life insurance also acts a risk cover and provides financial protection against unforeseen circumstances. Insurance provides a sense of security to the insured which no other investment can provide. The most important role of insurance which is often overlooked by the policyholders. The Government of India provides tax benefits on life insurance products which facilitates the flow of funds to other productive assets. The insured is entitled to tax benefits under Section 80C and Section 10 (10D) under the Income Tax Act of India.

Life insurance is an important tax saving tool which can help save immediate tax and also help plan for long term goals in a tax effective manner. Under the Income tax act of India, tax deduction can be claimed for premium paid for the life insurance policies under section 80C. Important points to note are:

Amount of benefit allowed: The maximum benefit that can be claimed is rupees one lakh fifty thousand from the taxable income from investments made in specific categories, life insurance being one of them. An amount of up to Rs. 150000 can be claimed if no other investments are being made under this category.

Who can benefit: This deduction can be claimed by individuals and Hindu Undivided Families (HUF). The individual can benefit if the life insurance has been bought for himself or herself or for his or her spouse. Paying premium on life insurance for anyone other than the above is not tax deductible.

Premium vs Coverage: The premium is deducible only if it is within the coverage limit. The coverage should not be more than 20% of the sum assured. If the amount paid as premium is more than the coverage limit, the amount over and above the 20% of sum assured is not tax deductible. This is valid for policies issued before March 31, 2012. In case of policies issued on or after April 1, 2012 tax deductions are allowed for premiums paid up to 10% of the sum assured.

Policy holding period: In case benefit has been claimed under this section and the policy is terminated within 2 years from the start of the policy, the benefit is reversed. This applies to all life insurance policies except ULIP’s. In case of a ULIP, if the policy is terminated within 5 years from the start of the policy, the benefit is reversed.

In case of death claims and maturity benefits, the tax exemption can be claimed under section 10 (10D). In order to qualify for deduction under this section, the amount should have been the maturity benefit, survival benefit, death benefit, sum allocated by way of bonus or surrender value. The amount of deduction allowed is 20% of the total policy sum assured in case of policies issued after April 1, 2013. For policies issued after April 1, 2012 the amount eligible for tax deduction is 10% of the total policy sum. There is no upper cap on the amount of deduction claimed under this section. The plan for which deduction is claimed should be for the protection of life of a person with severe disability as specified under section 80U or an ailment listed under section 80DDB of the Income tax act, 1961.

Term Insurance Plans for the Best Coverage and Tax Saving

There are various life insurance plans available in the market. Term insurance plans, which are availed for a certain period of time offer great benefits to the insured. Kotak life insurance offers various plans that are aimed at providing security and risk cover to the insured. These include protection plans, Savings and Investment plans, Retirement plans, Child plans etc. One such plan offered by Kotak Life Insurance is the e-term plan. It is an affordable plan that offers financial security to the family of the insured. Kotak life insurance e-term plan is a pure protection term insurance plan.Kotak e-term plan offers the option of enhancing the coverage to provide a risk cover against accidental death, disability etc. The key features of the plan include protection at a nominal cost, availability of multiple plan options, three easy pay-out options and an option to step down. The benefits include affordable premium which is as low as Rs. 9 per day, availability of add on benefits and tax savings under section 80C and Section 10 (10D) of Income Tax Act, 1961.

Amongst all the tax savings options available, a term plan is often considered as the most effective option. Not only does it offer financial security to the family of the insured, but it helps in effectively reducing the tax liability of the individual. Choosing and purchasing a term plan that is suitable to the individual is an important task. Kotak life insurance, a trusted provider of life insurance policies provides a broad range of term plans which offer triple benefits of tax savings, risk cover and tax free returns.

Thus, with a thorough understanding of life insurance policies, individuals can plan out their investments and ensure correct decisions. Life insurance policies are important and effective tools of investment and tax savings. With better planning and consultation of experts, individuals can make the most out of their investments, avail tax benefits and also achieve their long term financial objectives.

SBI Hikes Interest Rates on FDs

Do you like to save in Fixed Deposit? So here is a good news for you. The largest bank in India, SBI has now made a hike in the interest rate of fixed deposits below Rs.1 crore. According to the official website of SBI, there has been revision interest rates in some of the select maturities by up to 25 basis points. The interest rate for SBI FDs which have a maturity of one year to less than 2 years has now been hiked to 6.65%, which was earlier 6.4%. From now on, the interest rate for Senior Citizens will be 7.15% which was 6.9% earlier. The revised or the hiked interest rate on State Bank of India Fixed Deposits will be effective from May 28.

All the SBI FDs which will have a maturity period of 2 years to less than 3 years will give an interest rate of 6.65% as compared to 6.6% earlier. The Senior Citizens will be able to fetch 7.15%, higher than 7.10% earlier.

The rate of interest for FDs with other maturities have not been changed. The interest rate for FDs which have a maturity period of 7 days to 45 days is 5.75%, 46 days to 179 days is 6.25% and for FDs with maturity of 180 days to 210 days is 6.35%. Some of the other maturity brackets like 211 days to less than 1 year will give you an interest rate of 6.4%, 3 years to less than 5 years will fetch 6.7% and 5 years to up to 10 years will offer 6.75%.

Tenors Existing for Public w.e.f. 28.03.2018 Revised For Public w.e.f. 28.05.2018 Existing for Senior Citizens w.e.f. 28.03.2018 Revised for Senior Citizens w.e.f. 28.05.2018
7 days to 45 days 5.75 5.75 6.25 6.25
46 days to 179 days 6.25 6.25 6.75 6.75
180 days to 210 days 6.35 6.35 6.85 6.85
211 days to less than 1 year 6.4 6.4 6.9 6.9
1 year to less than 2 year 6.4 6.65 6.9 7.15
2 years to less than 3 years 6.6 6.65 7.1 7.15
3 years to less than 5 years 6.7 6.7 7.2 7.2
5 years and up to 10 years 6.75 6.75 7.25 7.25
(Source: sbi.co.in)
After an increase in interest rate of SBI fixed deposits, some of the other leading banks in India may also follow the same.

How to Change your Signature in Kotak Mahindra Bank Account ?

Change Signature in Kotak Mahindra Bank Account : Kotak Mahindra Bank is a well known bank in India which provides its customers with a lot of banking options. While opening your account in Kotak Mahindra Bank, you need to put your signature at many places in the Kotak Mahindra Bank Account Opening Form. Usually, we may keep the same signature throughout our life. However, some people might want to change their signature at a later stage. Some people often as us that can i change my signature in Kotak Mahindra Bank account ? So, we thought to answer this question by writing this article. Before, you we tell you the to procedure to change the signature in Kotak Mahindra Bank Account, we recommend you to change Signature in PAN Card as it is directly linked to your Bank Account and any mismatch could cause an issue.

How to Change Signature in Kotak Mahindra Bank Account ?

Before we begin with the process of change of signature in Kotak Mahindra Bank, make sure your Account is active and working fine. If you account is inactive or dormant, you can reactivate dormant account in Kotak Mahindra Bank first.

1) Write an Application to the Branch Manager for Change of Signature in Kotak Mahindra Bank Account. You must remember to mention all the details given below :

  • Your Kotak Mahindra Bank Account number and Customer ID/CIF Number (You can find this on Account Statement)
  • Your Existing Signature and New Signature
  • Reason for Signature Change

2) Gather Documents supporting the Change of Signature : You can provide the copy of your PAN Card in which you have already changed your Signature.

3) Visit the Kotak Mahindra Bank Home Branch, ask the Accounts Executive for Kotak Mahindra Bank Change/Modification Request Form and fill it up completely and put the Old as well as New Signature.

4) Submit all the necessary Documents including the Application of Change of Signature, Self Attested copy of your PAN Card and completely filled up Change/Modification Request Form to the Accounts Executive.

That’s it! Once the successful verification of your documents and signature is done, your new signature will appear in Kotak Mahindra Bank records. You can also read our previous articles on how to change your Name in Kotak Mahindra Bank Account and Change your Address in Kotak Mahindra Bank Account.

Final Words :

You might have seen that the procedure to change signature in Kotak Mahindra Bank Account is quite easy. Once you have all the necessary documents, it does not take more than 10-15 mins for the Change of Signature in Kotak Mahindra Bank Account. Hope this answers your question ‘what is the procedure to change the signature in Kotak Mahindra Bank account?’

What is Importance Of Cost Management Training?

There are some categories of business owners out there who did not see any need to engage the staff in any form of training that targets waste reduction. To these set of business executives, they believe things will naturally fall in line. There are some others who are of the belief that they only need partial training of their staff in some areas of their business while other areas do not need the involvement of cost management training. We are going to look at the importance of making sure that every member of staff undergoes this course for the overall interest of the business endeavor.

* Effective Management Of Cost

The overall target of any business set up is to maximize profits and reduce the costs. This course will help in generating a huge amount of savings year in year out for businesses that avail its staffs the benefits of undergoing the course. It will help companies the opportunity to effectively use their resources to maximum benefits. It will help determine the cost of different services and products. It helps an organization to know if a supplier’s quotation is reasonable or not. It helps to facilitate improvements both within the organization as well as with the suppliers.

* It Helps In Measuring Performance

With an effective cost management of the operations of any business concern, it will become relatively easy to measure the performance of the business through the results of the finances posted. The two major factors that make up the value of the firm can be determined; they are the Risk and Profitability factors. Financial decisions which increase risks will be avoided while decisions that encourage profitability will be embraced. Good financial decisions are therefore made at the end of the day.

* Better Use Of Resources

When an organization knows the cost implications involved in the business process, they will behave privileged information that will enable them to make decisions that will ensure that they avoid pitfalls that lead to wastages. Many companies who are not versed in this process of this will definitely find themselves losing out at the end of the day. When you are able to manage the resources effectively well, you will be able to put such to judicious use and hence maximize the profits at the end of the day. Only companies whose staff has the benefits of this type of training from a reputable service provider like Zoe Talent Solutions can be in a position to make the best use of available resources.

The Handwriting So Far

You can reason from the points so far made that it is glaring that this training is highly important if a business is expected to get the best benefits. You need the experts to carry out the training exercise if results are to be achieved. With due respects to the service providers around in this notch, it is very glaring that every company needs a service provider that stands out in the midst of the rest like a star in the distant horizon. They can be relied upon for total and holistic solutions that will give any business the best benefits ever.

We are not yet done with the benefits that you will derive from carrying out the training for the benefit of your business. Take a look at the following as well:

* Project Cost Management

When you allow the experts to implement an effective management on cost for your firm, you will be in control by being in a position to keep your budget under that control. There are cases of businesses that overshoot their budget estimates; in such cases, there will be a problem over the effective completion of such projects.

It is best to have a detailed analysis of what the cost is involved before you move into the business execution proper to be able to sail through without any form of a hitch. There are three key components involved. They are:

* The Project Cost

You need a detailed estimate of the cost of each of the units that make up the project

* Your Budget

When you have known the units that make up the project; you will be required to carry out a cost of what is involved in each of the units which will form the baseline for the project. The approved baseline is the budget for the project.

Cost Control

When you have gotten to the execution stage of your project; there is the need for effective control of the project. This can only be done by the experts.

Final Take

You need to carry out this process if you want the best for your business. For the best service provider you must be on the lookout for experience and the one with the best portfolio or you can click here to visit our recommended business management website.

How to Change your Signature in YES Bank Account ?

Change Signature in YES Bank Account : YES Bank is a well known bank in India which provides its customers with a lot of banking options. While opening your account in YES Bank, you need to put your signature at many places in the YES Bank Account Opening Form. Usually, we may keep the same signature throughout our life. However, some people might want to change their signature at a later stage. Some people often as us that can i change my signature in YES Bank account ? So, we thought to answer this question by writing this article. Before, you we tell you the to procedure to change the signature in YES Bank Account, we recommend you to change Signature in PAN Card as it is directly linked to your Bank Account and any mismatch could cause an issue.

How to Change Signature in YES Bank Account ?

Before we begin with the process of change of signature in YES Bank, make sure your Account is active and working fine. If you account is inactive or dormant, you can reactivate dormant account in YES Bank first.

1) Write an Application to the Branch Manager for Change of Signature in YES Bank Account. You must remember to mention all the details given below :

  • Your YES Bank Account number and Customer ID/CIF Number (You can find this on Account Statement)
  • Your Existing Signature and New Signature
  • Reason for Signature Change

2) Gather Documents supporting the Change of Signature : You can provide the copy of your PAN Card in which you have already changed your Signature.

3) Visit the YES Bank Home Branch, ask the Accounts Executive for YES Bank Change/Modification Request Form and fill it up completely and put the Old as well as New Signature.

4) Submit all the necessary Documents including the Application of Change of Signature, Self Attested copy of your PAN Card and completely filled up Change/Modification Request Form to the Accounts Executive.

That’s it! Once the successful verification of your documents and signature is done, your new signature will appear in YES Bank records. You can also read our previous articles on how to change your Name in YES Bank Account and Change your Address in YES Bank Account.

Final Words :

You might have seen that the procedure to change signature in YES Bank Account is quite easy. Once you have all the necessary documents, it does not take more than 10-15 mins for the Change of Signature in YES Bank Account. Hope this answers your question ‘what is the procedure to change the signature in YES Bank account?’

How to Change your Signature in IndusInd Bank Account ?

Change Signature in IndusInd Bank Account : IndusInd Bank is a well known bank in India which provides its customers with a lot of banking options. While opening your account in IndusInd Bank, you need to put your signature at many places in the IndusInd Bank Account Opening Form. Usually, we may keep the same signature throughout our life. However, some people might want to change their signature at a later stage. Some people often as us that can i change my signature in IndusInd Bank account ? So, we thought to answer this question by writing this article. Before, you we tell you the to procedure to change the signature in IndusInd Bank Account, we recommend you to change Signature in PAN Card as it is directly linked to your Bank Account and any mismatch could cause an issue.

How to Change Signature in IndusInd Bank Account ?

Before we begin with the process of change of signature in IndusInd Bank, make sure your Account is active and working fine. If you account is inactive or dormant, you can reactivate dormant account in IndusInd Bank first.

1) Write an Application to the Branch Manager for Change of Signature in IndusInd Bank Account. You must remember to mention all the details given below :

  • Your IndusInd Bank Account number and Customer ID/CIF Number (You can find this on Account Statement)
  • Your Existing Signature and New Signature
  • Reason for Signature Change

2) Gather Documents supporting the Change of Signature : You can provide the copy of your PAN Card in which you have already changed your Signature.

3) Visit the IndusInd Bank Home Branch, ask the Accounts Executive for IndusInd Bank Change/Modification Request Form and fill it up completely and put the Old as well as New Signature.

4) Submit all the necessary Documents including the Application of Change of Signature, Self Attested copy of your PAN Card and completely filled up Change/Modification Request Form to the Accounts Executive.

That’s it! Once the successful verification of your documents and signature is done, your new signature will appear in IndusInd Bank records. You can also read our previous articles on how to change your Name in IndusInd Bank Account and Change your Address in IndusInd Bank Account.

Final Words :

You might have seen that the procedure to change signature in IndusInd Bank Account is quite easy. Once you have all the necessary documents, it does not take more than 10-15 mins for the Change of Signature in IndusInd Bank Account. Hope this answers your question ‘what is the procedure to change the signature in IndusInd Bank account?’

How to Change your Signature in Bandhan Bank Account ?

Change Signature in Bandhan Bank Account : Bandhan Bank is a well known bank in India which provides its customers with a lot of banking options. While opening your account in Bandhan Bank, you need to put your signature at many places in the Bandhan Bank Account Opening Form. Usually, we may keep the same signature throughout our life. However, some people might want to change their signature at a later stage. Some people often as us that can i change my signature in Bandhan Bank account ? So, we thought to answer this question by writing this article. Before, you we tell you the to procedure to change the signature in Bandhan Bank Account, we recommend you to change Signature in PAN Card as it is directly linked to your Bank Account and any mismatch could cause an issue.

How to Change Signature in Bandhan Bank Account ?

Before we begin with the process of change of signature in Bandhan Bank, make sure your Account is active and working fine. If you account is inactive or dormant, you can reactivate dormant account in Bandhan Bank first.

1) Write an Application to the Branch Manager for Change of Signature in Bandhan Bank Account. You must remember to mention all the details given below :

  • Your Bandhan Bank Account number and Customer ID/CIF Number (You can find this on Account Statement)
  • Your Existing Signature and New Signature
  • Reason for Signature Change

2) Gather Documents supporting the Change of Signature : You can provide the copy of your PAN Card in which you have already changed your Signature.

3) Visit the Bandhan Bank Home Branch, ask the Accounts Executive for Bandhan Bank Change/Modification Request Form and fill it up completely and put the Old as well as New Signature.

4) Submit all the necessary Documents including the Application of Change of Signature, Self Attested copy of your PAN Card and completely filled up Change/Modification Request Form to the Accounts Executive.

That’s it! Once the successful verification of your documents and signature is done, your new signature will appear in Bandhan Bank records. You can also read our previous articles on how to change your Name in Bandhan Bank Account and Change your Address in Bandhan Bank Account.

Final Words :

You might have seen that the procedure to change signature in Bandhan Bank Account is quite easy. Once you have all the necessary documents, it does not take more than 10-15 mins for the Change of Signature in Bandhan Bank Account. Hope this answers your question ‘what is the procedure to change the signature in Bandhan Bank account?’

How to Change your Signature in IDFC Bank Account ?

Change Signature in IDFC Bank Account : IDFC Bank is a well known bank in India which provides its customers with a lot of banking options. While opening your account in IDFC Bank, you need to put your signature at many places in the IDFC Bank Account Opening Form. Usually, we may keep the same signature throughout our life. However, some people might want to change their signature at a later stage. Some people often as us that can i change my signature in IDFC Bank account ? So, we thought to answer this question by writing this article. Before, you we tell you the to procedure to change the signature in IDFC Bank Account, we recommend you to change Signature in PAN Card as it is directly linked to your Bank Account and any mismatch could cause an issue.

How to Change Signature in IDFC Bank Account ?

Before we begin with the process of change of signature in IDFC Bank, make sure your Account is active and working fine. If you account is inactive or dormant, you can reactivate dormant account in IDFC Bank first.

1) Write an Application to the Branch Manager for Change of Signature in IDFC Bank Account. You must remember to mention all the details given below :

  • Your IDFC Bank Account number and Customer ID/CIF Number (You can find this on Account Statement)
  • Your Existing Signature and New Signature
  • Reason for Signature Change

2) Gather Documents supporting the Change of Signature : You can provide the copy of your PAN Card in which you have already changed your Signature.

3) Visit the IDFC Bank Home Branch, ask the Accounts Executive for IDFC Bank Change/Modification Request Form and fill it up completely and put the Old as well as New Signature.

4) Submit all the necessary Documents including the Application of Change of Signature, Self Attested copy of your PAN Card and completely filled up Change/Modification Request Form to the Accounts Executive.

That’s it! Once the successful verification of your documents and signature is done, your new signature will appear in IDFC Bank records. You can also read our previous articles on how to change your Name in IDFC Bank Account and Change your Address in IDFC Bank Account.

Final Words :

You might have seen that the procedure to change signature in IDFC Bank Account is quite easy. Once you have all the necessary documents, it does not take more than 10-15 mins for the Change of Signature in IDFC Bank Account. Hope this answers your question ‘what is the procedure to change the signature in IDFC Bank account?’

How to Change your Signature in HDFC Bank Account ?

Change Signature in HDFC Bank Account : HDFC Bank is a well known bank in India which provides its customers with a lot of banking options. While opening your account in HDFC Bank, you need to put your signature at many places in the HDFC Bank Account Opening Form. Usually, we may keep the same signature throughout our life. However, some people might want to change their signature at a later stage. Some people often as us that can i change my signature in HDFC Bank account ? So, we thought to answer this question by writing this article. Before, you we tell you the to procedure to change the signature in HDFC Bank Account, we recommend you to change Signature in PAN Card as it is directly linked to your Bank Account and any mismatch could cause an issue.

How to Change Signature in HDFC Bank Account ?

Before we begin with the process of change of signature in HDFC Bank, make sure your Account is active and working fine. If you account is inactive or dormant, you can reactivate dormant account in HDFC Bank first.

1) Write an Application to the Branch Manager for Change of Signature in HDFC Bank Account. You must remember to mention all the details given below :

  • Your HDFC Bank Account number and Customer ID/CIF Number (You can find this on Account Statement)
  • Your Existing Signature and New Signature
  • Reason for Signature Change

2) Gather Documents supporting the Change of Signature : You can provide the copy of your PAN Card in which you have already changed your Signature.

3) Visit the HDFC Bank Home Branch, ask the Accounts Executive for HDFC Bank Change/Modification Request Form and fill it up completely and put the Old as well as New Signature.

4) Submit all the necessary Documents including the Application of Change of Signature, Self Attested copy of your PAN Card and completely filled up Change/Modification Request Form to the Accounts Executive.

That’s it! Once the successful verification of your documents and signature is done, your new signature will appear in HDFC Bank records. You can also read our previous articles on how to change your Name in HDFC Bank Account and Change your Address in HDFC Bank Account.

Final Words :

You might have seen that the procedure to change signature in HDFC Bank Account is quite easy. Once you have all the necessary documents, it does not take more than 10-15 mins for the Change of Signature in HDFC Bank Account. Hope this answers your question ‘what is the procedure to change the signature in HDFC Bank account?’

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