What is Digital Payments Index by RBI?
The RBI has constructed a composite Digital Payments Index (DPI) with March 2018 as the base period to capture the extent of digitization of...
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 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...
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...
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 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 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...
