Gone are the days when sending money to another person involved the tedious use of money orders or cheques. Now, with the advent of digital and electronic banking across India, you can transfer amounts seamlessly to another bank account in real time. This has been possible since 2004, when the Reserve Bank of India

From your monthly salary and rent to sending money home or paying for goods and services, every financial transaction involves the transfer of money between banks. Today, with the evolution of digital banking systems, it is possible to complete bank-to-bank transfers quickly and in a hassle-free manner. The turning point in electronic fund transfers

Electronic money transfers have become easier in recent years, all thanks to the rapid digitisation of India’s banking industry. You can now transfer money from one bank account to another almost instantly, without any hassle. However, to ensure that your funds are transferred to the right account, you need to have the right details

In the era of the digital world, the advancements of technology have led to various operations which required time and effort an easy task. For example, the financial and banking operations can be done without visiting the bank. There are many things you can do like transferring money, checking account balance, depositing money and

NEFT (National Electronic Funds Transfer), RTGS- (Real Time Gross Settlement), and IMPS – (Immediate Payment Service) are all electronic funds transfer systems in India, differing in transaction limits, timings, and processing speeds. NEFT operates in batches, settling transactions hourly, while RTGS processes transactions individually in real-time, with higher minimum transaction limits. IMPS offers instant,

In the era of the digital world, the advancements of technology have led to various operations which required time and effort – an easy task.  For example, the financial and banking operations can be done without visiting the bank. There are many things you can do like transferring money, checking account balance, depositing money

Banking and its associated services have become a part of one’s day-to-day life. Everything from checking balances or depositing cheques, the bank does it all. In the era of developing tools that make our lives a little easier, banks have also opted for tools such as ATMs. ATMs’ provision has simplified processes like money

The Covid – 19 pandemics-related lockdown inflicted tremendous financial stress on our economy and affected the income of the common man. Understanding the anxiety of loan borrowers, during this period, RBI offered loan moratorium interest waiver facility to aggrieved borrowers. The loan moratorium interest waiver, a type of government loan relief, implies the borrower

The term cancelled cheque is commonly used in banking and financial documentation, yet it is often misunderstood. While it is not meant for making payments, it plays an important role in verifying bank account details across various processes. Many people are unsure about how to write cancelled cheque correctly or when it is required,

Cash credit is a short-term business loan. It is meant for entrepreneurs wanting to get quick working capital. An overdraft facility, on the other hand, is long-term financial assistance. It lets you withdraw money from your account even with a zero balance. Both are generally referred to as credit facilities banks or lenders offer