An emergency fund prepares you for the worst period in your life. It is a foundation of good personal finance. If you want to know why you need it & when to need it, what is the purpose of using an emergency fund, How can it help you in your difficult times, and where to …
Emergency Fund – Steps to Calculate & Invest in Emergency Fund in 2024 Read More »
Indian Overseas Bank (IOB) is a state-owned financial services company with its headquarters located in Chennai, India. Thiru. M. Ct. M. Chidambaram Chettyar, an entrepreneur and lawyer, founded the bank in 1937 with the goal of fostering foreign trade and overseas banking. Currently, IOB serves retail, corporate, and institutional clients in India and globally with …
Learn about Indian bank netbanking from the following article.
The World Bank, the Indian government, and wealthy individuals founded ICICI in 1955. Establishing a development finance organization that would provide long- and medium-term project funding to Indian businesses was its primary objective. Located in 17 countries, this development finance organization operates a network of 17,000 ATMs and 6000 branches throughout India. In addition to branches …
ICICI Net Banking – Login Online & Register to ICICI Corporate Net Banking 2024 Read More »
Here is a step-by-step guide to registering and using PNB Netbanking.
SBI, having its headquarters in Mumbai, Maharashtra, is the largest Indian multinational public sector bank & financial services legal body. SBI is the only Indian bank listed on the Fortune Global 500 list, with a position of 235 in 2023. This blog provides insights into how the user can register with SBI Net banking, how …
SBI Net Banking – Steps to Register Online & Login to SBI Personal Banking 2024 Read More »
This blog guides customers on IDBI Bank Aadhaar seeding with their accounts. It explains the importance and benefits of linking along with different modes to complete the paperless KYC process. Read on to know the steps for online, offline and SMS-based Aadhaar linking as well as ways to check the seeding status for availing enhanced …
Download IDBI Bank Aadhar Link – PDF Form Online 2024 Read More »
Established in the year 1964, IDBI is a government-backed financial institution, offering various services. If you wish to open a PPF account, you can fill out an IDBI PPF account application form via net banking and even submit it online. PPF investments are fully exempted from tax liabilities. Also, it is easy to maintain an …
IDBI Bank Account – Open PPF Account Online in 2024 Read More »
An NPA (Non-Performing Asset) is a loan with overdue payments, impacting income or asset utilization. This article extensively covers its definition, calculation, types, impacts, and crucial mitigation strategies, imperative in the banking and finance sectors for financial stability and growth. What is NPA A non-performing asset(NPA) is a loan or advance that has gone into …
What is Non-Performing Asset – Definition & its Meaning in 2024 Read More »
Identifying transactions, journalizing them, posting to the ledger, producing a trial balance, correcting entries, generating financial statements, closing entries, and validating balances using a post-close trial balance comprise the accounting cycle. This systematic procedure accurately records, summarizes, and reports financial transactions for informed decision-making and regulatory compliance. In this blog, we will take you through …
What is Accounting Cycle – Accounting Period Concept & Explanation 2024 Read More »
The frontline defence system against cheque frauds, the positive pay system is an essential banking tool that provides a security layer to the cheques deposited and cashed in the bank. Under a positive pay system, businesses are required to submit the details of the cheques issued electronically. It is one of the best mechanisms for …
What is Positive Pay System – PPS in Banking & Limit of PPS in 2024 Read More »
Cheques are crucial financial tools with different kinds for different uses and security levels. Order checks have a payee, whereas bearer cheques are like cash. Crossed checks direct payments to the payee’s account for security. Checks submitted beyond a particular time may be rejected for fraud or insufficient money. Users may make astute financial judgments …
Types of Cheques – Bank Cheque in PDF Format 2024 Read More »
A financial instrument known as a postdated check is one on which the issuer has written a future date as opposed to the present one. This indicates that the check must be cashed or deposited by the designated date. It’s often utilized to make sure money will be accessible later on or for future payments. …
What is Post-dated Cheque – Example & Rules of PD Cheque 2024 Read More »
A central bank of a country has several financial tools at their disposal to monitor and regulate cash flow. These tools help other banks keep inflation in check and look into the country’s economic growth. Such tools or metrics are also one of the many internal factors responsible for interest rate changes in banks periodically. …
What is Open Market Operation & Open Market Policy with Example Read More »
Mistakes like typos, mismatches or incorrect details can pop up in your credit report, which can harm your chances of getting loans or credit cards approved. If you spot any such errors, no matter whether it is big or small, it is crucial to act fast and raise a CIBIL dispute. In this blog, we …
What is CIBIL Dispute & Steps to Raise CIBIL Complaint Online in 2024 Read More »
Several circumstances may arise where one does not have adequate accounting information. Conceptual errors can hamper one’s booking efforts. Henceforth, in case an individual gets confused about where to keep a record of their entries, they can open a suspense account. In the below sections, you will get a detailed idea of what a suspense …
What is Suspense Account – Meaning & Examples of Suspense Account Read More »
The RTGS form from South Indian Bank is a single application that can be used for both NEFT and RTGS transfers. A continual money transfer method that manages individual transactions as opposed to batches is called Real Time Gross Settlement, or RTGS. In this blog, you will find everything about the South Indian Bank RTGS …
Download South Indian Bank RTGS Form PDF Online – 2024 Read More »
DCB Bank, headquartered in Mumbai, is a private sector bank in India that offers a wide range of financial products and facilitates secure fund transfers between bank accounts. Among its services, DCB Bank provides RTGS (Real-Time Gross Settlement) services to all account holders, available both online and offline. The bank customers can utilize this service …
In August 1943, RBL or Ratnakar Bank was founded as an Indian private-sector bank. Its headquarters is located in Mumbai and to date, it serves a customer base of 14.97 million. They have a total number of 538 branches and 388 ATMs in India. Here, you will get a detailed guide on the RBL Bank …
In this blog, we will walk you through a comprehensive guide on the closure process, while highlighting the necessary details associated with the ICICI Bank account closure form or Account Closure Form ICIC Bank Account holders may find themselves needing to close their bank account for various reasons, such as no longer needing it, switching …
Steps to Close ICICI Bank Account Online – Apply Closure Form Read More »
Bank cheques are bills of exchange wherein one party instructs the drawee bank to transfer funds into the payee’s account. However, this definition is not enough to help you understand the basics and importance of cheques. Want to know more about bank cheques? Read on to find it out yourself: What does a Bank Cheque …
What is Bank Cheque – Cancelled Cheque & Different Types of Cheque Read More »
Cheque leaves are sheets in a chequebook used to write checks. Each page usually has the account holder’s name, number, and bank information pre-printed. The payer writes the recipient’s name, amount, and signature on a check leaf. Many financial transactions still use them as a physical and trustworthy form of payment. Meaning of Cheque Leaf …
What is Cheque Leaf – How to Book & Filled Cheque Leaf in 2024 Read More »
Effective money management is crucial in business. It’s important to have a detailed grasp of your company’s financial situation in addition to focusing on earnings and losses. A specialised company account is useful in this situation. Any organisation, no matter how big or little, is built on its business accounts. It makes tax filing and …
Steps to Open Business Account Online Just in 5 Minutes – 2024 Read More »
Bookkeeping is a fundamental aspect of every business, big or small. Bookkeeping is like the heartbeat of a company, silently keeping track of every financial pulse. It’s not just about numbers and accounts; it’s about understanding the story those numbers tell about a business’s performance and potential. But the question arises: what exactly is Bookkeeping? How does …
What is Bookkeeping – Single & Double Entry Types of Bookkeeping Read More »
Virtual Payment Address (VPA) is crucial to the UPI ecosystem. A unique identification, like an email address, lets users send and receive money quickly. With VPA, customers can transact without sharing critical bank account information, improving security and privacy. In this blog, we will help you understand what VPA id means and how its simplicity …
What is VPA in UPI – Full Form & Meaning in Banking of VPA 2024 Read More »
Bank guarantees are financial institutions’ promises to pay a debt or obligation if the borrower defaults. In case of default, it guarantees payment to the beneficiary. International commerce, construction, and other commercial operations often employ bank guarantees to reduce risk and increase confidence. Bank guarantee reassure both the recipient and the guarantee seeker, making transactions …
What is Bank Guarantee – Types & Charges of Bank Guarantee 2024 Read More »
CPI measures changes in average consumer prices for goods and services. It’s crucial for monitoring, influencing monetary policy, and helping firms and consumers make decisions. CPI measures urban consumer expenditure on food, housing, and healthcare. Policymakers, economists, and companies use Consumer price index data to assess cost-of-living changes, adjust prices, and make financial choices. CPI …
What is Consumer Price Index – Current CPI Rate & Prices 2024 Read More »
Debit and credit cards are vital for day-to-day banking needs. However, understanding the critical difference between credit cards and debit cards is also crucial. Debit cards are deducted directly from your bank account, whereas credit cards offer a line of credit. Definitions Let us look at some of the basic definitions of Credit Card, Debit …
What is the Difference Between Credit Card & Debit Card – 2024 Read More »
The well-known financial company, HDFC Bank provides its clients with a range of financial services. By creating an HDFC Bank account, you can simplify your banking experience. However, if you are dissatisfied with their services and intend to close your account for any reason, you can do so by following a few simple steps. Continue …
Steps to Close HDFC Bank Account Online – Apply Closure Form Read More »
A leading financial institution in India, Axis Bank is renowned for offering superior banking products and services to its customers. However, there are several reasons why a person may want to change or close their existing bank account. If you are unhappy with their services, or you found better services, or you are relocating, you …
How to Close Axis Bank Account Online – Closure Form 2024 Read More »
