Current bank account is opened by businessmen who have a higher number of regular transactions with the bank. It includes deposits, withdrawals, and contra transactions. It is also known as Demand Deposit Account. Current account can be opened in co-operative bank and commercial bank. In… Read More »Current Account in India：Features and Advantage
UPI is an instant real-time payment system that allows you to send money instantly from one bank account to another. UPI works as an alternative payment method to IMPS/NEFT. The secure transfer of funds through UPI requires you to create a UPI ID and a… Read More »What is UPI PIN
UPI ID, also known as Unified Payment Interface ID, is a unique identifier used in the UPI system for facilitating digital transactions. It acts as an identification address for users to send and receive money seamlessly. The UPI ID is linked to your bank account,… Read More »What Is UPI ID
National Electronic Funds Transfer or NEFT is a nationwide payments system that allows transfer of funds from one bank’s account to another. With an increased focus on online banking, NEFT has become one of the most popular ways of transferring funds. Since it can electronically… Read More »NEFT Transfer: Step to Step
India offers an OCI card to foreign passport holders and PIO card holders. Except for Pakistani and Bangladeshi citizens, anyone can get an OCI card as long as they provide proof of Indian origin. About OCI Overseas Citizenship of India (OCI) is a form of… Read More »How to Apply for OCI Card
The National Pension System (NPS) is an Indian federal government-sponsored pension cum investment scheme aimed at protecting the citizens of India as they reach their old age. It is a pure retirement pension plan, in which you can get a stable income with tax benefits… Read More »What Is NPS
Aadhaar card is a unique identification number issued to every resident of India. An Aadhaar card is as significant as a PAN card. Most organisations, including mutual fund houses, accept it as a part of the documentation for investments. Let’s understand Aadhaar and its significance… Read More »What Is an Aadhaar Card？How to Enrol for It？
RTGS stands for Real Time Gross Settlement. It is a money transfer system that allows the transfer of funds from one bank account to another in real-time and on a gross settlement basis. The term, ‘real-time’ implies that transactions through RTGS are processed right when… Read More »What Is RTGS
The Unified Payments Interface (UPI) is a system that integrates various bank accounts, smooth fund routing, and merchant payments into a single mobile application. This technology is gaining popularity these days. The UPI system is straightforward, cost-free, and immediate. You may conduct transactions with UPI… Read More »How to Use UPI to Transfer Money
There are numerous ways of transferring money from one bank account to account. With the increasing technology, online money transfer has become the easiest way of transferring money from one bank to another without any difficulty. Money transfer basically refers to the electronic transfer of… Read More »Online Money Transfer Methods in India