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
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