About NEFT National Electronic Funds Transfer (NEFT) is an electronic funds transfer system maintained by the Reserve Bank of India (RBI). Started in November 2005, the setup was established and maintained by Institute for Development and Research in Banking Technology. NEFT enables bank customers in… Read More »What Is NEFT and How Does It Work
‘IMPS’ means Immediate Payment Service. It is an electronic fund transfer mechanism of the Indian banking system. It lets you transfer funds to a payee’s bank account instantly. This service is available for the customers 24*7. ‘NEFT’ means National Electronic Funds Transfer (NEFT). It is… Read More »What Are the Differences between IMPS and NEFT
The concept of credit cards is alien to none, and all of you must be fascinated with the advantages. this, when coupled with the rewards and cashback that a credit card brings along, is ample reason for people to be interested in procuring it. you… Read More »How to Apply for a Credit Card in India
Question 1: I have a PAN but I have lost it. Can I get a new e-PAN through Aadhaar? Resolution: No. This service can only be used if you do not have a PAN, but have a valid Aadhaar and your KYC details are updated.… Read More »Instant e-PAN FAQ
About e-PAN Permanent Account Number (PAN) is an essential financial document in India, acting as a universal identification key for tracking financial transactions. Electronic Permanent Account Number or e-PAN is simply a digitally formatted PAN, equally valid as its physical counterpart. Notably, the e-PAN card… Read More »How to Get a e-pan in India
What is USSD The innovative payment service *99# works on Unstructured Supplementary Service Data (USSD) channel. This service allows mobile banking transactions using basic feature mobile phone, there is no need to have mobile internet data facility for using USSD based mobile banking. It is… Read More »What Is USSD
What Is the RBI The Reserve Bank of India (RBI) is the central bank of India, which began operations on Apr. 1, 1935, under the Reserve Bank of India Act. The Reserve Bank of India uses monetary policy to create financial stability in India, and… Read More »What Is the RBI and How It Works
India is the most populous country in the world. Let’s explore how to open a bank account in India. Requirements to Open a Bank Account In India, where the government is working toward digitizing the whole banking infrastructure with the help of IndiaStack, the largest… Read More »How to Open a Bank Account in India
Payment gateways are essential for any business that accepts payments through digital mode. The technology circulates financial data around the necessary entities to authorise payments and move money from a customer to a merchant. A Payment gateway is a technology provided by a third party… Read More »Top 5 Payment Gateway Companies in India
Bank accounts help you keep your money safe. At the same time, they also help you compound your investment or savings by allowing you to earn interest on your deposits. Banks operating in India fall under four categories: private banks, public sector banks or nationalized… Read More »Types of Bank Accounts in India