What is the Positive Pay System?
It’s a safety check for cheques, especially big ones. If customer is writing a cheque above ₹50,000, banks recommend to use it. For cheques...
What Are Security Receipts?
Security Receipts (SRs) are financial instruments issued by Asset Reconstruction Companies (ARCs) to banks or financial institutions. These companies buy bad loans (called Non-Performing...
What are Prepaid Payment Instruments (PPIs)?
PPIs are financial tools like mobile wallets (e.g., PhonePe Wallet), gift cards, or smart cards that allow customers to load money in advance and...
What is an Escrow Account?
An escrow account is a special types of bank account which are used to keep money safe during a deal between two parties. The...
What are Fino Payment Banks? How are they different?
Fino Payment Banks are Digital Banking Partners that cater to the financial needs of consumers, primarily in the villages and cities, through multiple services...
Indian Government bank list – Public Sector Banks (PSBs)
First let us understand that which banks are called Government Banks of Public Sector Banks (PSBs)?
Which Banks are Called Government Banks / PSBs
Public...
How five days of banking can promote Digital India
India is a developing country and also the most hard-working country. Usually, NRIs and people living in foreign countries have a five-day work culture...
All you need to know about EASE Next
EASE Next is an initiative launched by the union of the Indian Government and Public Sector Banks. EASE refers to Enhanced Access and Service...
All about EASE 5.0
EASE refers to Enhanced Access and Service Excellence.
The Finance Minister, Nirmala Sitharaman, on June 8, launched EASE 5.0, the fifth edition of EASE Next...
Tips & Stepwise Guide to Make Maximum Profits from FDs
Tips & Stepwise Guide to Make Maximum Profits from FDs: Often, investors choose fixed deposits (FDs) as a low-risk investment option to park their...