What is Mobile Money Identifier (MMID) And How to Use MMID for Fund Transfer?
Posted on Monday, November 4th, 2024 |
Managing your finances well is more crucial today than it has ever been. To manage your funds without additional strain, it is important to know how to transfer funds in an easy way. But traditional fund transfer methods can be cumbersome. They involve long account numbers and tedious bank details. Remembering and entering these details…
Read moreHow To Transfer Money from One Bank to Another?
Posted on Monday, November 4th, 2024 |
If you are new to banking, chances are you may not know how to securely transfer from one bank to another. Whether you want to send funds to a friend or move money to another bank account, the whole process can feel like a daunting task, especially if you are a beginner. Fortunately, there are…
Read moreWhat are Virtual Debit Cards and How to Use Them?
Posted on Monday, November 4th, 2024 |
All of us have faced a situation where we need to make an online purchase quickly. But it can be frustrating if your physical debit card is out of reach at such a time. This is a common pain point for many. It is especially true in today’s digital age where online transactions are a…
Read moreWhat is Issuer Identification Number (IIN)
Posted on Monday, November 4th, 2024 |
Today, every part of daily life has a digital component to it. Banking is no exception. On a daily basis, you use your cards to withdraw money from the account, pay for shopping, and much more. Digital transactions have become the norm, with millions of rupees exchanged daily. In such a situation, the security of…
Read moreWhat is Video KYC & How Does it Work?
Posted on Wednesday, September 25th, 2024 |
Tired of bank queues just to open a savings account? Video KYC is here to save the day! Opening a savings account typically involves a lot of steps, with one of the most crucial being the Know Your Customer (KYC) process. This is a mandatory procedure for banks to prevent identity theft, financial fraud, and…
Read moreWhat is the Difference Between NEFT, RTGS, and IMPS?
Posted on Wednesday, September 25th, 2024 |
When it comes to transferring money, several electronic methods make the process fast and efficient. Three of the most used systems are NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service). The Reserve Bank of India (RBI) introduced NEFT and RTGS systems, whereas IMPS was launched by the National Payments…
Read moreWhat is an IMPS Reference Number and How to Track IMPS Transactions?
Posted on Wednesday, September 25th, 2024 |
Have you ever performed an online transfer and wondered, “What is an IMPS number and how to check IMPS transaction details?” Immediate Payment Service (IMPS) is a fast and convenient mode to transfer funds. You receive a unique IMPS reference number when you perform an IMPS transaction. This number is essential for tracking your transactions…
Read moreWhat is the IFSC Code and How to Find it?
Posted on Wednesday, September 25th, 2024 |
IFSC stands for Indian Financial System Code. This is a code that uniquely identifies a bank branch and is important for making financial transactions. This 11-character code assists in routing fund transfers efficiently and accurately via NEFT, IMPS, and RTGS systems. Without the right IFSC code, your electronic payment could be delayed or even fail….
Read moreWhat is a Demand Draft?
Posted on Monday, September 23rd, 2024 |
Have you ever faced a situation where a cheque or cash payment was not accepted? For instance, many educational institutions require payment through a Demand Draft (DD) instead. If you’re unfamiliar with DDs, it’s time to understand the demand draft meaning and its significance as a financial instrument. A demand draft is a secure and…
Read moreWhat is a Beneficiary Account?
Posted on Monday, September 23rd, 2024 |
What is a beneficiary account? Are you curious about this question and looking to understand it? Before diving deep into the meaning of a beneficiary account, it is crucial for you to understand what a beneficiary is. The term ‘beneficiary’ refers to an individual or entity set to receive particular benefits or gains from specific…
Read moreHow to Withdraw Cash from an ATM Without a Debit Card? Benefits and Limits
Posted on Monday, September 23rd, 2024 |
Ever found yourself in need of funds but realised you forgot your debit card at home? Do not worry; the cardless cash withdrawal system is here to help. This system allows you to withdraw cash from a UPI-ATM without the requirement for a physical debit card. Instead, you can use mobile banking apps and QR codes…
Read moreHow to Get a New Passbook?
Posted on Monday, September 23rd, 2024 |
In today’s digital age, the need for physical documentation might seem diminished, yet there are instances where a passbook becomes essential. Whether it’s for keeping a meticulous record of transactions or for traditional banking needs, understanding the process of obtaining a new passbook can be quite beneficial. Understanding the Importance of a Passbook A passbook…
Read moreHow to Get a New Chequebook?
Posted on Friday, September 20th, 2024 |
Curious about how to get a chequebook immediately? If you require a new chequebook right away, you can typically request one through your financial institution’s mobile app or online banking platform. Note that the process of applying for a bank chequebook is simple and quick. To understand how you should proceed with chequebook application process, continue reading. …
Read moreHow to Find Your Debit Card Number Online?
Posted on Friday, September 20th, 2024 |
Have you ever found yourself in a situation where you need your debit card number, but the physical card is nowhere to be found? Perhaps you have kept it in a safe spot and forgotten, or it might have been misplaced accidentally. This unique 16-digit code is important for online purchases, bill payments, adding money…
Read moreHow to Find Your Bank Account Number?
Posted on Wednesday, September 18th, 2024 |
Have no idea how to locate your bank account number? Worry not, you are in the right place. Whether you have opened a new savings account or simply misplaced your account details, knowing how to find your bank account number is crucial. But why, you may wonder? This is because a bank account number is…
Read moreHow to Check NEFT Transaction Status with Reference Number?
Posted on Wednesday, September 18th, 2024 |
National Electronic Funds Transfer (NEFT) is a secure and popular way to transfer funds. After performing a NEFT transfer, knowing how to track your transaction can save you plenty of time and provide peace of mind. Now, you may be wondering things like, “How to check NEFT transaction status with reference number?” and “How much…
Read moreA Complete Guide to Check RTGS Status
Posted on Wednesday, September 18th, 2024 |
Have you ever sent funds through RTGS and wondered if they reached the recipient? RTGS tracking is essential to ensure your funds have been transferred accurately and safely. But wait – how do you check RTGS status? Do not worry; you are at the right place. Discussed here is a complete guide to perform an…
Read moreBank Holidays in India 2024
Posted on Tuesday, September 17th, 2024 |
Today, with online banking apps, you can perform distinct activities – from opening a savings account to making transfers – right from your smartphone. Despite this convenience, being aware of bank holidays is still essential for certain banking activities such as cheque clearance and loan disbursements that require banks to be operational while initiated via…
Read moreWhat is a Bearer Cheque?
Posted on Monday, September 9th, 2024 |
A bearer cheque is a financial instrument payable to anyone who presents it at the bank. Unlike other types of cheques, a bearer cheque does not need the endorsement of the person to whom it is issued. This makes it easy to transfer. Let’s learn more about the meaning of a bearer cheque and its…
Read moreWhat is a Cancelled Cheque?
Posted on Monday, September 9th, 2024 |
When you join a new employer’s payroll or apply for a loan, you must promptly provide your bank details. A cancelled cheque can simplify this process. It is a common financial document used for verification with no validity for transactions. Let’s explore what a cancelled cheque is, how to write one, and where it is…
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