Question

What is bulk posting in sbi mini statement?

Answer 1

Bulk posting in a bank means crediting multiple accounts at the same time. This happens when the money has to be credited from a single source to many different accounts. E.g. Corporate salaries, pensions, government subsidies, etc.

A batch of transactions is created in which the amount is debited from the employer's account and is credited to the account of many different employees account simultaneously.

In SBI banks, it can also be a dividend given by the bank for maintaining an account in their bank with sufficient balance. If the balance is high, then the dividend also will be high.

Answer 2

Answer:

Bulk posting means crediting several accounts simultaneously (at the same time or together).

Explanation:

• Usually in a bank, a bulk posting means crediting several accounts simultaneously (at the same time).
• Whenever the money needs to be credited to multiple accounts from a single source, it arises.
• A group of transactions is then produced in which the balance is debited from the employer’s account and at the same time credited to the accounts of several different staffs.
• In the case of SBI banks, a dividend issued by the bank may also be used to manage a bank account with reasonable balance.
• If the balance is high, then there will also be a high dividend as well.

PROJECT CODE #SPJ2