Indian Banking System Guide

A Guide On The Indian Banking Ecosystem And How It Functions In India

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What Is Net Banking? Features And Advantages Of Internet Banking
Banking

What Is Net Banking? Features And Advantages Of Internet Banking

 Banking services are evolving faster than ever in the digital age. In a country like India, where precious hours used t... Read More »
What Is A Business Account And Why Is It Necessary For Every Business Owner?
Banking

What Is A Business Account And Why Is It Necessary For Every Business Owner?

 If you are running a business, you should have a business account for seamless tracking of cash outgo and inflow. A mus... Read More »
What is Mobile Banking and What are the Types of Services Offered?
Banking

What is Mobile Banking and What are the Types of Services Offered?

 Mobile banking has made personal banking services more accessible and convenient. Over the past few years, banks and NB... Read More »
What is Retail Banking: Types, Services and Benefits
Banking

What is Retail Banking: Types, Services and Benefits

 Retail banking is the services a financial institution provides to its consumers who are not financial organisations. B... Read More »
IFSC Code: Key Features, Format and How to Find IFSC Code
Banking

IFSC Code: Key Features, Format and How to Find IFSC Code

 While adding a new beneficiary on your netbanking account to transfer money, other than beneficiary account details, ba... Read More »
Solvency Certificate
Banking

What is a Solvency Certificate? – Format, Documents Required & How to Apply Online?

 What is a Solvency Certificate? A solvency certificate is a legal document furnishing the detail... Read More »
Merchant Banking
Banking

What is Merchant Banking – Services, Features, Functions and Example

 What is Merchant Banking? Merchant banking is a set of select banking and financial services off... Read More »
Automated Clearing House (ACH)
Banking

Automated Clearing House: Objectives, Types and Process

  Automated Clearing House is an electronic fund transfer network that manages automatic and direct... Read More »
Credit Card Reward Points
Banking

How to Redeem Credit Card Reward Points ?

 Credit Card Reward points are types of incentives that customers receive when they use a credit car... Read More »
Banking

What is Electronic Clearing Service (ECS) in Banking and How does it Work?

 What is Electronic Clearing Service (ECS)? Electronic Clearing Service (ECS) is a method of elec... Read More »
Credit Card Validator
Banking

What are Credit Card Validators and How to Use them?

 What is a Credit Card Validator? A credit card validator is a tool that checks the validity of a... Read More »
Cash Management
Banking

What is Cash Management and How Does it Work?

 Managing available capital can make sure that a small business stays afloat. Cash management is an ... Read More »
Prepaid Expenses
Banking

What are Prepaid Expenses? – Definition, Examples, and Journal Entry

 Prepaid expenses represent payments made in advance for products or services expected to be incurre... Read More »
Increase Credit Card Limit
Banking

Increase Credit Card Limit – Important Tips and How to Do It?

 The credit card limit is the maximum amount of money you can spend using your credit card. Your cre... Read More »
Credit Card Fraud
Banking

How to Detect and Protect Yourself Form Credit Card Fraud?

 What is a Credit Card Fraud? The unauthorised use of another person's credit card information to... Read More »
Close Credit Card
Banking

How to Cancel or Close Credit Card – Format and Helpline Number

 Credit card users spend 40 times more than debit card users, as per RBI data. Having a credit card ... Read More »
Basis Point
Banking

What is Basis Point: Recent Increase, Formula and Calculation

 A basis point is a standard metric to measure changes in interest rates, yields from financial secu... Read More »
Institutional Investors
Banking

Institutional Investor: Working, Types, Characteristics and Example

 Who is an Institutional Investor? An institutional investor refers to a company or an organisati... Read More »
Minimum Amount Due in Credit Card
Banking

Minimum Amount Due in Credit Card – Calculation and Benefits

 What is the Minimum Due Amount on Credit Cards? The minimum amount due on your credit card state... Read More »
BSR Code
Banking

BSR (Basic Statistical Return) Code – Uses and Classification

 What is BSR (Basic Statistical Return) Code? The Basic Statistical Return (BSR) system, introduc... Read More »
FOIR (Fixed Obligation to Income Ratio)
Banking

FOIR (Fixed Obligation to Income Ratio): How to Reduce It?

 FOIR (full form - Fixed Obligation to Income Ratio) is a parameter that helps determine a borrower... Read More »
Cash Reserve Ratio
Banking

Cash Reserve Ratio (CRR) – Current Rate and Impact on Economy

 What is Cash Reserve Ratio (CRR)? Cash Reserve Ratio (CRR) is the minimum percentage of its tota... Read More »
Liquidity Adjustment Facility
Banking

Liquidity Adjustment Facility (LAF): Meaning, Importance and Roles

 What is Liquidity Adjustment Facility (LAF)? The Liquidity Adjustment Facility (LAF) is a moneta... Read More »
Banking

Loan on Credit Card: Its Features, Eligibility and How to Apply?

 What is a Loan on Credit Card? A loan on credit card is a type of pre-approved personal loan tha... Read More »
Types of Credit Cards
Banking

12 Different Types of Credit Cards in India (2023)

 Credit cards have become a must-have accessory for most consumers looking for hassle-free, safe and... Read More »
NEFT vs IMPS
Banking

NEFT vs IMPS – Comparison, Advantages and Working

 What is NEFT? National Electronic Fund Transfer or NEFT is a digital payment method introduced b... Read More »
Benefits of Credit Cards
Banking

7 Benefits of Credit Card You Need to Know

 A credit card is a payment card issued by banks and NBFCs. It makes online and offline transactions... Read More »
Line of Credit
Banking

Line of Credit (LOC) – What is It and How to Apply?

 What is a Line of Credit (LOC)? A line of credit is a type of loan that allows you to borrow mon... Read More »
Credit Card PIN Generation
Banking

How to Generate Credit Card Pin Online and Offline?

 Credit card PIN generation can be done instantly at your convenience using mobile applications. You... Read More »