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…

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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…

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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…

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Budget 2021: Top 10 important highlights for SME and Startup.

Budget 2021 is the first paperless budget by the Finance Ministry. There have been many initiatives taken to strengthen SME and Startup sector. Here’s Key highlights for SME and Startup,…

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