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 »
Banking

Moratorium Period: Working, Examples and Calculation

 What is a Moratorium Period? A Moratorium on loan is a specified period during which the borrowe... Read More »
Debt Trap
Banking

Debt Trap – Meaning, Causes, Indicators and How to Avoid It?

 What is a Debt Trap? A debt trap means a trap that occurs when a borrower is compelled to take o... Read More »
NACH in Banking
Banking

NACH in Banking (National Automated Clearing House)

 National Automated Clearing House (NACH) is a platform created by the National Payments Corporation... Read More »
Bill of Exchange
Banking

What is Bill of Exchange: Definition, Types, Examples and Format

 What is a Bill of Exchange? A Bill of Exchange is a written order to pay a specified amount of m... Read More »
Types of Debit Cards
Banking

Different Types of Debit Cards in India

 According to a report released by Germany-based consumer and market data research firm Statista, in... Read More »
Scheduled Banks
Banking

Scheduled Bank – Know Its Types and Functions

 Banks play an essential role in a country’s financial ecosystem. These financial institutions ass... Read More »
Term Deposit
Banking

What is a Term Deposit: Formula, Calculation, Types and Examples

 What is a Term Deposit / Time Deposit? “Term Deposit” or “Time Deposit” is an investment... Read More »
VPA in UPI
Banking

What is VPA in UPI: How to Create VPA in UPI on Apps?

 UPI ID or VPA full form (Virtual Payment Address) is a unique ID created by the user to send or rec... Read More »
Bank Overdraft Facility
Banking

What is a Bank Overdraft Facility: Features, Types and Process

 An overdraft facility is a financial instrument that allows customers to withdraw money or make eli... Read More »
CIF Number
Banking

CIF Number – Full Form and How to Get CIF Number of SBI?

 The Customer Information File or CIF number is a unique number provided by the bank to every accoun... Read More »
E-Kyc
Banking

What is e-KYC: Aadhaar eKYC Online and Offline Process

 e-KYC or the digitised version of Know Your Customer (KYC) enables financial institutions to verify... Read More »
Telegraph Transfer (TT)
Banking

Telegraph Transfer (TT): What is it and How is It Processed?

 What is a Telegraph Transfer? A Telegraphic Transfer (TT) is an electronic method of transferrin... Read More »
Advantages and Disadvantages of Credit Card
Banking

What are the Advantages and Disadvantages of Credit Card?

 A credit card is a credit facility provided by banks and NBFCs that allows customers to borrow a ce... Read More »
What is RTGS?
Banking

What is RTGS: Timings, Full Form, Limits and Charges

 What is RTGS (Real Time Gross Settlement)? RTGS (full form - Real-time gross settlement systems)... Read More »
Virtual Credit Cards
Banking

Virtual Credit Cards in India: Features, Benefits and Use

 What are Virtual Credit Cards? Virtual credit cards are temporary 16-digit numbers that store cr... Read More »
UPI Reference Number
Banking

How to Find and Track UPI Reference Number?

 Unified Payments Interface (UPI), a payment system developed by the National Payments Corporation o... Read More »
Kiosk Banking
Banking

What is Kiosk Banking: Features and How to Start It in 2023?

 Banking kiosks or ATMs are available at multiple locations across India, mostly in remote and rural... Read More »
Cashback Credit Cards
Banking

Cashback Credit Cards in 2023 – Features, Benefits & How to Apply?

 Credit cards come with a range of enticing perks, including rewards and cash back. Cashback is a po... Read More »
Best Credit Cards for Fuel in India
Banking

10 Best Credit Cards for Fuel in India 2023 – Offers & How to Apply?

 A fuel credit is a type of credit card that is specifically designed for use at petrol pumps. Banks... Read More »
CIBIL Dispute
Banking

How to Raise, Resolve and Check Your CIBIL Dispute?

 A wrong entry in your CIBIL report, like an invalid or fraud credit transaction, can bring down you... Read More »
best credit cards with lounge access
Banking

16 Best Credit Cards With Lounge Access – How to Apply for One?

 A lounge access credit card is a type of credit card that provides cardholders with access to airpo... Read More »
best online payment apps
Banking

10 Best Online Payment Apps in India 2023

 Online payment apps are mobile-based applications that allow users to make or receive payments digi... Read More »
White Label ATMs
Banking

What is White Label ATM and What are its Benefits?

 ATMs (Automatic Teller Machines) are one of the key foundations of modern banking as they enable va... Read More »
Bancassurance
Banking

What is Bancassurance: Its Services, Types, Models and Importance

 Bancassurance means a partnership between a bank and an insurance company that allows the insurance... Read More »