Banks is the most popular industry in India. Be it the businessman or laborer, everyone is connected to banks in India. Pradhan Mantri Jan Dhan Yojna by Narendra Modi has connected all the households of India with at least one bank account. Banking is responsible for the maintenance of the finances of the Nation including […]Read More

Under the Companies Act, 2013 of India, the NBFC (Non-Banking Financial Company) is a company registered. It is involved in the business of loans and advances, bonds, acquisition of shares, stock, hire-purchase insurance business, or chit-fund business. But it does not involve any institution whose principal business such as industrial activity, agriculture, purchase or sale […]Read More

Unified Payments Interface or UPI, has managed to make lives easier by effectively bringing the various different banks under one platform. UPI enables its users to make inter-bank fund transfers instantly. It also allows the users to use multiple bank accounts under one single mobile application. UPI is the brainchild of National Payments Corporation of […]Read More

The platform for the exchange of information created for this purpose would already have, according to the French Banking Federation, processed 1 million requests. What speeds up the movement to online banks, unbeatable rate offers, and already weighed 10% of the market in 2018. Which Online Bank to Choose? It goes without saying that the […]Read More

The Grievance redressal mechanism is an integral part of any managed machine. Governments cannot claim to be responsible, responsive and easy to use unless an efficient and effective complaint repair mechanism is established. In fact, the organization’s complaint remediation mechanism is an indicator for measuring its efficiency and effectiveness, as it provides important comments about […]Read More

World’s economy can’t be imagined without banks, which plays a crucial role in the growth of any nation. Progress of a nation is often scaled in terms of the degree of development of its banking system. Banks render a plethora of functions, in which the most important is lending/advancing loans. Be it an investment for […]Read More

When the buyers purchase any expensive products with debt, they typically require making down payments. As a consumer, it is very critical for you to have the right knowledge about down payments so that you can make wiser investments. So, let’s go ahead in this article and discuss everything you ever require knowing about down […]Read More

You all might be knowing that Cheque’s still have their importance even in this digital world of banking. It’s no wonder that the digital banking system has been active for a prolonged time in the past, and it is progressing ahead too. However, most of the corporates still rely on Cheques for the disbursement of […]Read More

The banking system has evolved over the years and banks can now be identified through unique codes. To curb potential frauds, these codes also play a vital role. IFSC and MICR are some of the most relevant codes in this reference. Definition of IFSC Code and MICR Code The definition of IFSC code and MICR […]Read More