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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

Documents Required for Opening a Current Account: A Quick Guide

A bank offers various types of accounts. Each of them has its merits and demerits. But the best-suited for a business is the current account. Due to its benefits, it has become the right hand of a business. In this article, you will know the entire process regarding the opening of a current account in […]

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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 […]

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Banking PAYMENTS

Virtual Account: A Complete Guide to Seamless Cash Collection.

Are you tired of reconciling your bank statements? If yes, then this astonishing technology of virtual account can save you from your troubles. They are your one-stop solution to cash management. Although they are similar to bank accounts, they offer enormous benefits over physical bank accounts. Want to know more about this revolutionary innovation? Here […]

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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 […]

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Banking PAYMENTS

UPI: All you need to know

What is UPI? Developed by the National Payments Corporation of India, UPI is an instant real-time payment system. Here, the payments can be made through an app on a mobile device only. The best thing is that you can transfer money 24×7! And that too without any charges! Due to its ease of use, it […]

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Banking PAYMENTS

Neobank: The Future Bank Everyone Should Know About.

It is rightly said, “Change is the only constant in life.” It is so because technology keeps changing every day, without us getting noticed. So, we present you with a phenomenal innovation known as Neobank. It has taken the banking industry by storm. Due to the competitive advantages, they are disrupting the banking industry! Want […]

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Banking PAYMENTS

NEFT – Meaning, Transaction Charges and Timings.

Introduction Gone are the days when people need to visit banks for every transaction. Taking out time from a busy schedule to visit a bank is a very daunting task. But thanks to the advancement in digital technology. A revolution known as NEFT has changed the whole world. Now, you can do everything online. Be […]

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Banking PAYMENTS

Open Banking – Emerging Banking 2.0 in India.

Introduction Open banking in India is in a very nascent stage. It is because the Indian banking system focuses more on security and privacy. Think of open banking as the digital variant of your traditional banks, except open banking has much more to offer when compared to traditional banking institutions. The Open Banking system is […]