What is Kiosk Banking? Definition & Advantages of Kiosk Banking

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In the last few years, online and mobile banking have revolutionised the banking industry. It has made banking seamless and more convenient for customers. However, there are many who still prefer a more physical approach. This is where kiosk banking steps in, bridging the gap between traditional banking and digital convenience. For the uninitiated, a…

What is Electronic Clearing Service (ECS) in Banking and How does it Work?

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In India’s rapidly changing banking scene, ECS is now vital. However, many people are not very well-aware of what ECS is. ECS, full form of which is Electronic Clearing Service, is an electronic method of transferring funds from one bank account to another. It is a service that automates recurring payments like utility bills, loan…

What is CASA in Banking? Full Form, Features & Benefits

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Opening and maintaining a bank account should be easy. Yet, many face confusion regarding what kind of bank account would be best for their needs and offer them the best benefits.  With so many types of bank accounts available today, it can be hard to choose the right one. This is where understanding key banking…

What is No-Frills Account?

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In today’s world, managing finances efficiently is key to achieving personal goals. Banks are continually evolving to meet the diverse needs of their customers by offering a variety of account options. One such option, designed to simplify banking and make it more accessible, is the no-frills account. This straightforward account type is perfect for individuals…