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Questions and Answers

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23Nov, 23

Can I Open Business Account without any existing account in UAE ?

Yes, the business account can be opened without any existing account or bank statement of UAE. Some banks don't require staement to open account. Howe...

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23Nov, 23

What do you mean by True Copy of any Document?

To ensure that copies submitted are accurate, exact, complete, and unaltered, true copies (or certified copies) of original documents are frequently r...

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23Nov, 23

Know about Credit Card Debt Settlement in the UAE

Witnessing the UAE's transformation from a small country to a thriving modern-day business centre that is home to almost every multinational firm and ...

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23Nov, 23

how many days it take for personal loan amount to credit account?

If it is salary transfer loan then it takes 7 days in to recieve amount in the account However, it depends upon bank....

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23Nov, 23

What does a relationship manager in banking do?

A client-facing specialist, a relationship manager advises bank customers on their finances and the financial resources available to them. They typica...

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23Nov, 23

What is Board of Resolution Banking?

When a firm wishes to open a business bank account, it must first pass a board resolution, which is known as a board resolution for bank account openi...

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23Nov, 23

Why account application signing should be in front of bank officer is required but not online?

There are a number of reasons why a bank will call you or demand your physical appearance in their branches to fulfill some of the formalities. And in...

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23Nov, 23

Why banks ask for bank statement for processing of loan?

When you go to a bank to apply for a loan, one of the necessary documents to send with the bank for loan processing is a bank statement from the previ...

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23Nov, 23

What are Advance Payment Bonds?

An advance payment bond is a contract in which the issuer agrees to be liable for the fulfillment of a contractual obligation owed to another party if...

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23Nov, 23

What are Trust Receipts?

A trust receipt is a notice from a banking organization indicating the transfer of goods to a customer while the banking organization retains control ...