Banking Blogs

Net banking or the electronic banking system is an excellent way to complete your bank-related activities from the comfort of your home. With e-banking, you can conduct a wide range of banking activities online. These include transferring funds, accessing account information, paying bills, and more, all from the comfort of your home – anytime and …

Nominee is a common term that you will come across while opening a new bank account. Understanding the meaning of nominee in banking is crucial. Whenever you open a bank account or apply for a fixed deposit, there’s a section to add your nominee’s name. Even though it is an optional step, having a nominee …

Banks do allow you to stop cheque payments with a request under certain circumstances. Unlike other online payment methods, you have the option the cancel your request with a simple process. You may also have to pay a certain fee for this service.   This option is available in case you change your mind last minute …

With a joint bank account, multiple individuals can manage finances jointly, which simplifies management and makes it easier to track spending. You can open a joint bank account online with anyone you prefer. It can be your parents, your spouse or your business partner.  With a joint account, you can save for common financial goals …

Saving for your child by opening a bank account for a minor online is becoming a common practice. It enables you to save for your child’s future needs and teach them financial responsibility from a young age. Many financial institutions provide this facility with exclusive features and help your children take over the account later …

Are you interested in switching bank accounts? All banks offer different kinds of benefits to their customers, which give you the liberty to choose your preferred options. If your current bank is not giving you the services you want, then swap your bank account. Switching to a bank with all the facilities you need can …

When you open a savings account, you typically need to maintain a specific balance in your account, known as the Monthly Average Balance (MAB). By maintaining this amount, you can avoid MAB charges. Financial institutions require an MAB to manage funds in an effective way and provide various services without added charges.  It is a …

Banks with APIs are offering enhanced experience. Many fintech firms appreciate API and the ground-breaking effectiveness it entails. They also have implemented this third-party communication method, which helps in: This one tool is modernising the banking system globally and in India. To understand what is API banking and how it benefits the banking system, read …

When it comes to convenience in financial services, both mobile banking and online banking play a vital role in offering instant access and data. While online banking has been around for longer, mobile banking is relatively new. Both options provide access to financial services but have their separate advantages.  Many financial institutions offer both services …

The importance of documentation, like submitting ID or address proof when joining a new job, is something everyone must learn. Whenever you are trying to complete any legal or official work in India, documentation is one common step you will come across. The list of proof of identity documents involves all government issued IDs that …