Understanding the TDS Tax Deducted at Source on current account interest
Posted on Friday, December 29th, 2023 |
If you run a business or are planning to set up one, it is important to have a current account to manage the day-to-day financial transactions. Furthermore, you must be aware of the term TDS, i.e., Tax Deducted at Source. Tax Deducted at Source is the tax collected by the government on the source of…
Read moreExploring the different payment modes available for current accounts
Posted on Friday, December 29th, 2023 |
Banking in India has undergone significant transformations over the past few years. One notable advancement is the online current account, which has emerged as an indispensable tool for efficient financial management. Designed for frequent business transactions, online current accounts blend the robust features of traditional accounts with the convenience of digital platforms. In this blog,…
Read more5 Benefits of Automatic Bill Payments with Current Accounts
Posted on Thursday, December 28th, 2023 |
In today’s rapidly evolving financial landscape, the seamless integration of technology has revolutionised the way businesses and individuals manage their financial transactions. One such innovation that has gained considerable momentum is the practice of automatic bill payments facilitated through current accounts. The integration of automatic bill payments within current accounts emerges as a game-changer. It…
Read moreDifferences Between Traditional Current Account and Digital Current Account
Posted on Wednesday, September 20th, 2023 |
With the advent of digitisation, the banking sector has seen a tremendous transition in recent years. Customers now have faster, more practical ways to handle their money. This is thanks to online banking, which has become a key component of the financial landscape. Small enterprises have been greatly influenced by the digitisation of the banking…
Read moreUnderstanding the concept of merchant services in current account
Posted on Friday, September 15th, 2023 |
In the dynamic world of business and finance, the concept of merchant services has gained immense significance, especially within the framework of current accounts. With the advent of technology and e-commerce, most businesses are shifting towards online mode. As India’s economy continues to grow and businesses embrace digital transactions, understanding merchant services and their role…
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