Post office savigs account
This query is : Resolved
12 July 2009
If I want to open one post office savings accounts with cheque book facility to invest in the stock market or to invest in the mutual fund, is there any problem?
1.Shall I get a cheque book with MICR number ?
2.Shall I be able to open one a/c on behalf of our HUF ?
1.Shall I get a cheque book with MICR number ?
2.Shall I be able to open one a/c on behalf of our HUF ?
12 July 2009
You can open in post office. But the collection system is that it will be delayed. The post office and SBI work together. The cheques deposited will be sent from your post office to sbi and then sbi will send it for collection. It will take some extra days for clearing. Similarly when you issue shares the receiver will get credit delayedly.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Sale of property furniture sale
- RCM INVOICING FROM NOV-2024
- GST Regis.
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING ACCOUNTING CODE FOR SERVICE TAX PAYMENT
- Redevolpment of bldg in mumbai
- Refund of AY 22-23
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
