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GENERAL

Udyog Aadhaar – Benefits, Registration Process, and Documents Required.

Opening a business in India is a lengthy process. When starting up a small or medium business (SMB), you may get confused about the requirements for registration. One of the important requirements for registering an SMB is Udyog Aadhaar. It is also known as Aadhaar for business. It is a 12-digit Unique Identification Number provided […]

Categories
Banking

ICICI Current Account – Procedure, Charges, and Minimum Balance.

A current account is very beneficial for proprietors, startups, and business professionals to cater to different financial needs. The ICICI bank provides various services related to the current account. The ICICI bank provides its customer with anywhere banking that allows them to avail facilities from any branch like internet banking, bulk transactions, doorstep banking, upcountry […]

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Banking

Zero Balance Current Account – All You Need to Know

Many of you might have heard about various types of accounts in banks. They help organizations, business professions or an individual to manage the day to day withdrawals or transactions. But, businessmen have to face a lot of trouble maintaining the minimum balance. And when there is a problem, there is a solution. That is […]

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Banking PAYMENTS

IMPS – Meaning, Fund Transfer Limit, Timing and Charges.

The Immediate Payment Service (IMPS), which allows account holders to connect a bank account and transfer funds via mobile phones 24x7x365. Since February 2012, about 15 banks have made the service available to their customers, and the number of people using it has increased dramatically. As of now, almost all major banks have expanded the […]

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Banking PAYMENTS

RTGS – Meaning, Timing, Limit and Charges for RTGS Fund Transfer.

Table of Contents What is RTGS? How does RTGS Transfer work? Information required for RTGS Fund Transfer. How to do RTGS Fund Transfer? Advantage of RTGS Transfer. RTGS vs NEFT Conclusion Frequently Asked Questions What is RTGS? The term “Real-time Gross Settlement” or RTGS refers to a particular type of fund transferring system to transfer money […]

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Banking

Current Account: All you Need To Know About.

What is a Current Account? It is a type of bank account that companies, firms, businessmen, etc. generally use due to their frequent and huge transactions (inward and outward transactions) with the bank. Due to its huge popularity, it is the most common in any commercial bank. Other accounts provide facilities for deposits, withdrawals, etc. […]

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Banking

Best Current Account for Startup – A Quick Guide

Running a business, especially a startup, is not an easy task. There are many decisions involved, like choosing a proper workspace, hiring professionals, managing finances, opening an account with the best bank for the current account, etc. As soon as startup entrepreneurs register their company, many banks start offering current accounts. It becomes challenging to […]

Categories
GST

GST Audit – A quick guide for Goods and Service Tax Audit 2021.

We all know that businesses will need to do a GST audit with a turnover of more than Rs 2 crores from selling products or services during the financial year.  But do you know what is GST Audit, GST Audit Limit, GST Audit Applicability?  Well, if you’re in confusion, You have come to the right […]

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Banking PAYMENTS

Merchant Discount Rate (MDR) – All You Need to Know

Have you ever heard the term MDR and confused as to what it is? Well! If yes, worry not, we are here to answer all your queries related to MDR or Merchant Discount Rate. Let’s start What is Merchant Discount Rate? Generally, it refers to the discount rate of a transaction. This equals to the entirety […]

Categories
GST

E-Invoice Under GST: Meaning, Process, Challenge, and Exemption Limit.

E-Invoice under GST The government of India implemented E-invoice under the GST system back in 2020, and most organizations supported the administration’s decision. Initially, the companies with an annual turnover of Rs 500+ crores were liable to generate e-invoices. However, with each notification, the turnover limit for e-invoice kept reducing. And the current turnover limit […]