Categories
Banking

API Banking: A Revolution in the Banking Industry

Ever ordered food online? If yes, have you wondered how you were able to pay without leaving the application? Well, it’s because of an innovative technology called API Banking. It helps to connect the bank services with the third-party app. Want to know more about it? Here you go.  Table of Contents What is API […]

Categories
Banking

Axis Bank Current Account: Ultimate Banking for Every Business

A current account is the backbone of a business. With more features than a savings account, it is the first choice for every businessperson. So, banks try their best to gain the top position by offering innovative features. In the previous blog, you read about Yes Bank Current Account. They were pretty remarkable, weren’t they? […]

Categories
Banking

Yes Bank Current Account: Say Yes to Easy Business Banking.

A bank offers a variety of accounts for various purposes. But a current account is best suited for a business. Banks offer accounts that cater to different entities like multinational companies, small businesses, startups, and many more. So, the case with Yes Bank is no exception. Yes Bank has a current account for every need. […]

Categories
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 […]

Categories
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 […]

Categories
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 […]

Categories
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. […]

Categories
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
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 […]

Categories
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 […]