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 […]
Tag: banking
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 […]
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 […]
Table of Contents What is NACH? Objective of NACH NACH Credit and Debit How does NACH mandate work? Benefits of NACH for SME and StartUp Benefit to customers, banks and organisations Frequently Asked Questions (FAQs) What is NACH? NACH stands for National Automated Clearing House. It is a centralised payment system for financial institutions, corporates, […]
If you are just starting as a business, the first pre-requisite is a current bank account with a reputed bank. Opening a current account for your business may seem like a tedious task involving heavy documentation. However, the requirements and process are simpler than you think. Let us understand the current account, its benefit and […]