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 »
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 »
statutory liquidity ratio
Banking

Statutory Liquidity Ratio (SLR): Formula, Calculation and Working

 What is Statutory Liquidity Ratio? SLR (full form - Statutory Liquidity Ratio) is the minimum pe... Read More »
What is credit card interest rate
Banking

Credit Card Interest Rates: What is It and How It Works?

 What is Credit Card Interest Rate? A credit card interest rate is the percentage of the amount y... Read More »
CVV Number
Banking

CVV Number – Meaning, Full Form, Working and Importance

 What is a CVV Number? The CVV (full form – Card Verification Value) is a three or four-digit n... Read More »
NEFT vs RTGS
Banking

NEFT vs RTGS – Working, Difference and Which is Better?

 NEFT (National Electronic Fund Transfer) and RTGS (Real Time Gross Settlement) enable individuals, ... Read More »
What is a credit card
Banking

Credit Card – What is It, How it Works and How to Get One?

 What is a Credit Card? A credit card is a payment card that allows cardholders to make online an... Read More »
Net Interest Income (NII)
Banking

Net Interest Income (NII) – What is It and How is It Calculated?

 What is Net Interest Income?  Net Interest Income (NII) is the difference between the inter... Read More »
Debt-to-Equity Ratio
Banking

Debt-to-Equity (D/E) Ratio – Formula, Calculation and Interpretation

 What is Debt-to-Equity Ratio? The debt-to-equity ratio (D/E ratio) is a financial metric that co... Read More »
Investment Banking
Banking

Investment Banking – Working, Types, Benefits and Example

 What is Investment Banking? Investment banking may either be a special division of a bank or a s... Read More »
Best Lifetime Free Credit Cards
Banking

Best Lifetime Free Credit Cards – Zero Annual Fee Cards in India

 Lifetime free credit cards are cards that come with no annual or joining fee. They may be best suit... Read More »
Types of Cheques
Banking

What are The Different Types of Cheque in India?

 Cheque is a negotiable instrument that contains an unconditional order to the bank to pay a specifi... Read More »
UPI ID
Banking

What is UPI ID: How to Create, Change and Find UPI ID on Apps

 UPI (full form - Unified Payment Interface), regulated by the Reserve Bank of India (RBI), enables ... Read More »
Paper Money
Banking

Paper Money – What is It and How Does it Work?

 Amidst the digitisation of transactions through digital payment gateways, paper money or paper curr... Read More »
Banking

Apply for Student Credit Card – Check Features & Benefits

 What is a Student Credit Card? A student credit card is a credit card specifically designed for ... Read More »
Letter of Credit
Banking

Letter of Credit – Working, Process to Apply, Types and Examples

 What is a Letter of Credit? A letter of credit or credit letter is a bank-issued document that g... Read More »
Increase CIBIL Score
Banking

How to Improve CIBIL Score – 11 Smart Ways

 If you are planning to apply for a loan, your lender is highly likely to check your CIBIL score bef... Read More »
Demand Draft
Banking

What is Demand Draft – Importance, Features & Types

 Despite the fact that online banking or net banking has largely replaced the traditional banking sy... Read More »
Accrued Interest
Banking

Accrued Interest – Definition, Example & How to Calculate it?

 What is Accrued Interest? Accrued interest is the amount of interest that has accumulated on a l... Read More »
Price Skimming
Banking

Price Skimming – Strategy, Examples, Uses and Benefits

 What is Price Skimming? Price skimming is a price determination strategy whereby firms initially... Read More »
Types of Loan
Banking

19 Different Types of Loans Available in India

 Loans can be broadly categorised into secured and unsecured loans based on whether they require col... Read More »
Current Account Deficit
Banking

Current Account Deficit – Formula, Calculation and Working

 What is Current Account Deficit (CAD)? A current account deficit is a situation where a country'... Read More »
Nostro Account
Banking

Nostro Account – Charges, Example and How to Open One?

 Banks can hold an account in a foreign currency with a foreign bank. Such an account is called a no... Read More »