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 »
Green PIN
Banking

What is a Green PIN – Its Benefits and How Can it be Generated

 When you open a savings account, you can also apply for a debit card that allows cashless transacti... Read More »
Hard Inquiry vs Soft Inquiry
Banking

Credit Hard Inquiry vs Soft Inquiry – Differences

 When you apply for credit or any kind of financial service, the lenders check your credit score or ... Read More »
Kisan Credit Card
Banking

PM Kisan Credit Card – Its Interest Rates, Benefits, Eligibility and Apply Online

 Introduced by the Government of India in 1998, the Kisan Credit Card (KCC) scheme aims to provide s... Read More »
One Time Password (OTP)
Banking

What is OTP (One Time Password) – Its Generation, Example and Benefits

 OTP (One Time Password) is a unique set of numbers that an individual can use once for logging into... Read More »
Marketable Securities
Banking

Marketable Securities – Why Should You Invest in Them

 Marketable securities are highly liquid short-term assets that an organisation can readily convert ... Read More »
Certified Cheque vs Cashier’s Cheque
Banking

Difference Between Certified Cheque vs Cashier’s Cheque

 Before you get caught up in the Certified Cheque vs Cashier’s Cheque debate, understand that both... Read More »
Debt Consolidation Loans
Banking

What are Debt Consolidation Loans – Eligibility, And How To Apply Online

 If you have multiple loans, taking out  a single loan to pay them off is known as a debt conso... Read More »
Trial Balance
Banking

What is Trial Balance – Its Advantages, Types, Features and How to Make

 A trial balance is prepared after posting journal entries into the ledger and balancing the account... Read More »
Suspense Account
Banking

What is Suspense Account – Its Examples, and How It is Used?

 Many situations only give access to limited financial transactional data a company needs for accoun... Read More »
Business Credit Card
Banking

What is a Business Credit Card – Eligibility and How to Apply Online?

 Business credit cards or corporate credit cards are designed for business owners. They are used for... Read More »
Buy Now Pay Later (BNPL)
Banking

Buy Now Pay Later (BNPL) in India: How It Works, Benefits And Eligibility

 Buy Now Pay Later or BNPL is a financing facility that allows customers to buy products or services... Read More »
Bank Identification Number
Banking

What is a Bank Identification Number (BIN) – Its Importance and Examples

 A Bank Identification Number or BIN refers to a credit card's initial four to six digits. The fi... Read More »
Deep Discount Bonds
Banking

Deep Discount Bonds – Advantages and Calculation Explained

 There are different types of bonds available for lending in the markets, and deep discount bonds ar... Read More »
Supply Chain Finance
Banking

What is Supply Chain Finance – Its Process, Working and Fees

 Efficient supply chain management facilitates achieving several business objectives simultaneously.... Read More »
CIBIL Score Calculator
Banking

CIBIL Score Calculator – How To Check and What Is A Good CIBIL Score?

 CIBIL score is a 3-digit number ranging between 300 and 900. It measures the borrowers' creditworth... Read More »
Difference Between Credit Card and Debit Card
Banking

What is the Difference Between Credit Card and Debit Card?

 Credit cards and debit cards help in online and offline transactions. It is estimated that at least... Read More »
Digital Rupee
Banking

Digital Rupee – Features, Benefits and Types Explained

 The evolution of digital payments in India started with UPI and is characterised by the extensive p... Read More »
Secured Credit Card
Banking

What is a Secured Credit Card – Best Cards and How to Apply

 If you do not have a good credit score or are new to credit cards, getting a secured credit card co... Read More »
Personal Banking
Banking

What is Personal Banking: Types, Benefits and Services

 Personal banking typically includes checking accounts, savings accounts, money market accounts, and... Read More »
Credit Card Balance Transfer
Banking

What is a Credit Card Balance Transfer – List of Cards That Offer & How To Do it?

 Are you paying a heavy interest rate on your credit card? There’s a solution to pay the amount du... Read More »
Virtual Debit Cards
Banking

What are Virtual Debit Cards – Benefits, Usage and How to Apply?

 Virtual debit cards are digital forms of physical debit cards that store all vital payment informat... Read More »
Best Credit Card Offers in India
Banking

Best Credit Card Offers in India in 2023

 Credit card offers are incentives offered to credit cardholders when they use the cards to make pur... Read More »
Risk Weighted Asset
Banking

Understanding Risk-Weighted Asset (RWA) and its Calculation in Banking

 Risk-weighted asset or RWA is a banking term that refers to an asset classification system to deter... Read More »
Credit Appraisal
Banking

What is Credit Appraisal – Eligibility, Benefits & How It is Done?

 Ever wondered why loans get approved but also sometimes get rejected? Well, every bank has its own ... Read More »