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 »
Account Payee Cheque
Banking

Account Payee Cheque – How to Write and Encash?

 An Account Payee Cheque is a very secure mode of payment. It is only used to deposit money into the... Read More »
Payment Aggregator
Banking

Payment Aggregator – Features, Types, Working, Example and Risks

 Digital payments have become the most preferred and used payment method. And, it has led to the ris... Read More »
Cheque Leaf
Banking

What is Cheque Leaf – Purpose, Features and Types

 Before the advent of electronic payment systems, bank cheques were the most popular form of non-cas... Read More »
Banking

4 Important Factors That Affect Your Credit Score

 Did you know the lucrative interest rate on loans by banks and NBFCs are usually meant for creditwo... Read More »
Collateralized Debt Obligation
Banking

What is Collateralized Debt Obligations (CDOs) and How Does it Work?

 Investors can buy collateralized debt obligations or CDOs and depend on the assets within them to u... Read More »
FCNR Account
Banking

What is FCNR Account In Banking – Benefits, Eligibility and Documents Required

 FCNR, full form Foreign Currency Non-Resident Bank (B), allows NRIs (Non-resident Indians) to inves... Read More »
Open Market Operations
Banking

What are Open Market Operations – Benefits, Examples and How it is Conducted

 The central bank of a country has various monetary tools at its disposal that allows it to control ... Read More »
Credit Card Bill Payment
Banking

How to Make Credit Card Bill Payment – Online and Offline Options

 Credit cards have become a quintessential part of our lives. From buying groceries to making online... Read More »
Best Credit Cards for Online Shopping
Banking

10 Best Credit Cards for Online Shopping – Features, Benefits and Fees

 In today's day and age, everyone shops online for the smallest things to make their lives convenien... Read More »
Post-Dated Cheque
Banking

What is a Post-Dated Cheque – Validity, Legal Implications and Working

 When we were young, we witnessed our parents writing cheques with a future date written on it. Thes... Read More »
Positive Pay System
Banking

PPS – Features, Benefits, Steps and Working

 The Reserve Bank of India introduced the Positive Pay System (PPS) on 1st January 2021. It is a Che... Read More »
Term loan
Banking

What is a Term Loan – Eligibility, Documents and Working

 If you need urgent financing to expand your business or buy machinery and equipment for your organi... Read More »
Capital Account
Banking

What is a Capital Account – Its Working, Importance and How to Report it on Tax Forms

 A capital account is a part of an entity’s balance of payments. It is a general ledger account th... Read More »
5 C's of Credit
Banking

List of 5 Cs of Credit – Its Importance And How Financial Institutions Use

 Different lending institutions can have different parameters to analyse an individual's creditworth... Read More »
Trade Surplus
Banking

Trade Surplus – Its Importance, Calculation And How is It Related to Savings Rate

 The balance of trade (BOT), commonly known as the trade balance, is the monetary value differential... Read More »
Annual Percentage Rate
Banking

What is Annual Percentage Rate – Its Formula, Working And How is It Calculated

 The Annual Percentage Rate (APR) is the initial expense or benefit of a loaned or borrowed sum of m... Read More »
Loan Write-Off vs Loan Waive-Off
Banking

What Is Loan Write-Off and Loan Waive-Off – Its Difference With Examples

 Loan write-off and loan waive-off are important terminologies in the world of finance. These terms ... Read More »
The Rule of 72
Banking

What Is The Rule of 72 to Double Your Investment – Its Formula And Calculation

 Rule of 72 is a simple yet useful technique used to estimate the amount of time taken to double an ... Read More »
No Frills Account
Banking

What Is No-Frills Account – Its Eligibility, Documents Required And How to Apply

 No Frills Account is a type of bank account that requires an individual to maintain a negligible or... Read More »
Balloon Payment
Banking

What is Balloon Payment – Its Examples and How It Benefits the Borrowers?

 Balloon payment is a lump sum payment towards a loan that is significantly higher than regular mont... Read More »
Goodwill in Accounting
Banking

What Is Goodwill in Accounting – Its Working, Examples, Types and Features

 When the purchase price of an organisation is more than the calculated value due to intangible asse... Read More »
Current Ratio
Banking

What Is Current Ratio – Its Formula, Calculation, Example and What It Interprets

 Liquidity ratios of many types are used to determine the solvency of a company. Current ratio is a ... Read More »
CIBIL score
Banking

What Is CIBIL Score – Its Range and How Is it Calculated

 Banks look into several criteria before approving a loan application. One of those criteria is your... Read More »
Sweep Account
Banking

What is a Sweep Account – Its Examples, Benefits and How to Open One?

 Often we put money in our savings or a brokerage account that remains unused for a long time and do... Read More »