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

Zero Balance Account – Eligibility, Features and Benefits

 A zero balance savings account acts just like any other savings account; however, it can operate wi... Read More »
Banking

What is Money Flow Index (MFI) and How to Use it in Trading?

 The Money Flow Index (MFI) is an indicator that utilises volume and price to determine the sel... Read More »
upi-in-europe
Banking

#TrendingNow: UPI Payments to be Live Soon in Europe!

 Indians will soon be able to make UPI payments in Europe following a partnership between NIPL, the ... Read More »
Cash Conversion Cycle
Banking

Cash Conversion Cycle (CCC) – Formula, Calculation & Advantages

 If you have your business running, you must be aware how important cash conversion cycle is. Every ... Read More »
Direct Benefit Transfer Scheme
Banking

What is a Direct Benefit Transfer (DBT) Scheme and How Does it Work?

 The DBT Scheme or Direct Benefit Transfer Scheme is an attempt to transform the mechanism of subsid... Read More »
Prepaid Credit Card
Banking

What is a Prepaid Credit Card and How Does it Work?

 If you need a credit card but are not eligible for it due to a low credit score, a prepaid credit c... Read More »
Consumer Price Index
Banking

Consumer Price Index (CPI) Explained – Calculation and How Does it Work

 The Consumer Price Index (full form - CPI) is the combined estimate of the price levels of various ... Read More »
Cheque Truncation
Banking

Cheque Truncation: Meaning, Benefits and How it Works

 Cheque truncation is a mode of clearing cheques electronically. It involves settlement and clearing... Read More »
Trade Finance
Banking

Trade Finance: Accelerating International Trade Via a Risk-Free Mechanism

 International trading involves a certain degree of risk. To mitigate any kind of risk faced by the ... Read More »
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... Read More »
Banking

What is Zero Balance Current Account and How To Open It Online?

 A current account is the recommended bank account type for businesses which deal with high-volume t... Read More »
Retail Banking
Banking

What is Retail Banking: Types, Services and Benefits

 Retail banking is the services a financial institution provides to its consumers who are not financ... Read More »
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... Read More »
emv cards
Banking

What are EMV Cards and How do they Work?

 EMV Cards are credit or debit cards that contain an embedded microchip and is tailored with technol... Read More »
business account
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 out... Read More »
Digital Signature Certificate
Banking

What Is A Digital Signature Certificate (DSC) And How To Apply For One?

 A digital signature certificate, the full form for DSC, is a fundamental requirement for authentica... Read More »
ATM Card AMC
Banking

ATM Card AMC (Annual Maintenance Charge): Explained

 ATM Card AMC (Annual Maintenance Charge) is a maintenance fee levied by banks every year. This debi... Read More »
Banking

Cheque Bounce Notice: Penalty And How To Initiate A Case?

 When a person has money in the bank, they can withdraw it using a cheque. It is a 'bill of exchange... Read More »
Cash Budget
Banking

Cash Budget Benefits, Functions And Importance Explained With Examples

 A cash budget quantifies the cash flows of a business over a specified period. Preparing a proper c... Read More »
Banking

What is a RuPay Credit Card and How Does it Work?

 The term RuPay combines the terms 'Rupee' and 'Payment'. It is the native payment network of India ... Read More »
Credit Card Cash Withdrawal
Banking

Credit Card Cash Withdrawal: Should You Withdraw Cash with Credit Cards?

 Credit cards are becoming more of a need than a luxury because of their improved features and perks... Read More »
Non Performing Asset
Banking

What is Non-Performing Asset (NPA) in Banking and What is its Impact?

 According to the Reserve Bank of India (RBI), any asset that stops generating revenue flow for the ... Read More »
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 p... Read More »
How to Activate and Use a Debit Card?
Banking

How to Activate and Use a Debit Card?

 Today, debit cards are an essential and necessary part of the banking industry. A bank issues debit... Read More »