Perhaps you are wondering how to open a corporate bank account or a multicurrency account online or use any of the bank’s services or products without visiting a bank. Though most banks today provide online account-opening services, not everyone can open an account online without undergoing an onboarding time of at least 2–3 weeks. This […]
SBI account users can disable, enable, or partially-enable themselves from all the transaction rights from their Yono SBI mobile banking app and from internet banking to save them from unauthorized transaction. I like this feature for many reasons and mostly for my mother and father, who never use their internet and mobile banking and rely […]
Banks, as we all know, used to deposit and lend money. Similarly fintech companies, also known as financial technology companies, are businesses that use technology to improve and automate financial services. These companies have disrupted traditional financial institutions by offering more efficient and convenient solutions to customers. In this article, we will discuss the five […]
Checking accounts are a fundamental part of life. It is a type of bank account that allows you to deposit money and withdraw it as needed, typically using a check or debit card. These accounts are typically used for everyday expenses, such as paying bills and making purchases. Some checking accounts may also offer additional […]
SBI fixed deposits are safe investment avenues for investors looking for assured returns. Get to know more about the SBI FD rate of interest, features and more.
The “Nostro” and “Vostro” are financial terms used to describe the same bank account. Such accounts are opened up to ease the financial exchange and trades between two countries. By opening these accounts we can eliminate the need of a middle currency (dominating currency) which is used for exchange, for example US$ is a dominating […]
Neobanking has become a buzzword in the fintech industry, and it is taking over the traditional banking as younger generation is adopting it on a global level. Neobank gained the traction since it has been in the limelight on the news and media, and lockdown was the biggest reason why it becomes so famous in […]
Neobanks or digital-only banks are in trend these days. They offer you a wide range of banking services. Plus, there is no need to visit a physical branch at all for anything. Also, this brought a new industry with it, which many entrepreneurs want to get into. So the question is, how to start a […]
No, a fixed deposit does not count towards the minimum balance. I do have to appreciate you, if you come to this article searching such a logical question. The minimum balance requirement is for Saving Accounts (and Current Accounts), it is not waived if you do any other business dealings with the bank. Technically, a […]
UPI PIN is a four to a six-digit number that you’ve to set during linking the bank account with UPI. To set the PIN you’ve to proceed with debit card details. But sometimes users don’t want to use their debit card details for safety issues, or they never had a debit card issued by the […]
The UPI (Unified Payment Interface) is a Government-backed payment interface that allows users to transfer money between bank accounts. You can use UPI for making all sorts of payments within India in any bank without any charges. It’s a mobile-based payment system developed by the NPCI (National Payments Corporation of India) to enhance the Digital […]
Indian banks credit or give interest to their savings accounts quarterly starting from 1st April to 31st March. The date is not fixed and varies from bank to bank. However, every bank tries to credit the earned interest as soon as possible based on the average maintained sum on their decided term. Quarter Months Credit […]