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

What is Mobile Money Identifier (MMID) And How to Use MMID for Fund Transfer?

 Once you've registered your phone and the account number to which you want to receive funds, the ba... Read More »
Banking

What is Compound Interest and How Does it Work?

 When an interest is added on the initial investment or the principal amount, this interest is known... Read More »
Bank Cheque
Banking

What is a Cheque? Know its Features, Benefits And Types

 A cheque is a prevalent type of negotiable instrument. You need to have a savings or current accoun... Read More »
Banking

What is a Cash Credit And How Does it Work?

 Cash Credit are loans that are extended to companies to fund their working capital requirements. Ca... Read More »
Banking

How Does a Credit Card EMI Work? 5 Things to Know Before Opting for an EMI

 Credit cards are effective payment solutions that help you transact on credit and allow a facility ... Read More »
Transfer Money From Credit Card To Bank
Banking

A Complete Guide On How To Transfer Money From Credit Card To Bank

 Credit cards are arguably the most versatile financial tools you can have, provided you use them wi... Read More »
Marginal Standing Facility
Banking

A Beginner’s Guide To Marginal Standing Facility

 The Reserve Bank of India (RBI) is the central bank that lays down the rules and regulations of ope... Read More »
Banking

ECS (Electronic Clearing Service) Mandate Charges

 ECS Mandate Meaning ECS Mandate Meaning - Electronic Clearing Service or ECS was introduced ... Read More »
Banking

5 Major Differences Between Savings Account And Current Account

 A bank account allows you to deposit and withdraw money, make payments, and transfer money to anoth... Read More »
Banking

VISA vs MasterCard: Difference Between VISA and MasterCard That You Should Know

 Globally four major payment systems dominate the electronic payments industry. These four companies... Read More »
Current Account In Banking
Banking

Current Account In Banking: Everything You Need To Know

 Banks have different types of accounts that cater to individuals having different sets of interests... Read More »
Salary Account Vs Savings Account
Banking

Salary Account Vs Savings Account: Key Features And Differences

 Savings accounts are interest-bearing deposit accounts. They form the basis if you wish to avail ba... Read More »
Salary Account
Banking

What Is A Salary Account And Who Can Open A Salary Account

 Salary Accounts are a convenient way for the employer to pay the employee's monthly salary. It not ... Read More »
Banking

Savings Account: Benefits And Different Types Of Savings Account

 Banks and NBFCs use savings accounts as significant sources of funding for loans. As a result, savi... Read More »
Credit Score vs CIBIL Score
Banking

What is the Difference Between Credit Score and CIBIL Score?

 Have you ever applied for a loan or plan to apply for one? Then you're probably familiar with the p... Read More »
Base Rate
Banking

What is Base Rate, How it is Calculated, And its Effect on Bank Customers

 The Base rate is one of the more recent reforms implemented by the Reserve Bank of India (RBI). It ... Read More »
Banking

Rupay Debit Card: Benefits, Documents Required and How to Apply

 The National Payments Corporation of India (NPCI), an RBI-backed channel for all retail payment sys... Read More »
RuPay vs Visa
Banking

RuPay vs Visa: Key Difference and Which One to Choose

 Digital payment methods are opening alternative ways for cashless payments across the country. The ... Read More »
Banking Ombudsman
Banking

How to File a Complaint with the Banking Ombudsman in India

 The Reserve Bank of India (RBI) appoints officials known as Banking Ombudsman who is responsible fo... Read More »
Capital Loss
Banking

What is Capital Loss: Its Different Types and Compulsory Filing of ITR

 A capital loss occurs when the selling price of a property is lesser than the purchase cost and cos... Read More »
Instant Cash Personal loans
Banking

Navi and Its Adoption of Disruptive Technologies in the BFSI Industry

 The accelerating pace of technological change in the financial services ecosystem today has forced ... Read More »
How to read CIBIL report
Banking

How to Read & Understand CIBIL Report

 Maintaining a good CIBIL score is important for loan approvals. A CIBIL report provides important i... Read More »
Banking

Personal Finance: 5 Ways to Protect Your Finances from Phishing Attacks

 Phishing is a very big concern for all sorts of institutions like banks, governments, tech companie... Read More »