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 […]
Tag: banking
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? […]
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. […]
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 […]
Table of Contents What is RTGS? The term “Real-time Gross Settlement” or RTGS refers to a particular type of fund transferring system to transfer money from one bank to another bank account in a different bank. It works as a continuous process for settling down payments in real-time based on an individual transaction-by-transaction mechanism without netting. […]
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 […]
A business has to do a lot of transactions. But you may know that there are various restrictions imposed by the bank regarding withdrawals and transactions. It was creating problems for the business class, who used to have enormous transactions. To solve these problems, the concept of the current account was introduced. And trust me, […]
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 […]
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 […]
We are living in a digital world. The condition is such that mobile phone has become more essential than food. It is so because a mobile phone has become a personal assistant for many things. Its wonders include online payments with the click of a button. Thanks to the phenomenal innovation of UPI. Now, online […]