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 Floter Fund?
A floater fund is a fund which invests in financial instruments with a debt orientation, they provide you with a variable or ‘floating interest...
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...
All you need to know about NBFC and NBFI
An NBFC or non-banking financial company is an organization that provides financial services but does not take deposits from the public or provide other...
What does the Rupee falling mean for the common man in India?
The rupee falling in India can seriously impact the economy and the common person. It is a calling for several financial disturbances for the...
How has the US Dollar Become the Most Traded Currency in the World?
The USD (United States Dollar) tops the list of most traded currencies. It is issued by the Federal Reserve (Fed). It is the official...
Things You Should Know About Prepaid Cards
What is prepaid card
A prepaid debit card is like a gift card it has money stored in it which allows you to spend...
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...
Jansamarth Portal – All you need to know
Government of India launched Jansamarth Portal, the first digital portal in India which links all types of lending schemes sponsored by Government Of India...