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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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GROW YOUR BUSINESS

Freelancer Payment – Ways You Should Know to Improve Cash Flow.

Money is an important part of doing any business and the reason we all work for, but money is also where many freelancers run into trouble. There are many payment modes a freelancer can use to accept payment from clients and manage the cash flow seamlessly. Here are the top 10 ways for freelancers to […]

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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 […]

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Banking PAYMENTS

NACH (National Automated Clearing House) – all you need to know.

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, […]