Banking Blogs

The Leave Travelling Allowance (LTA) is one of the benefits that employers provide in many parts of India under which employees take care of travel expenses incurred by themselves and their families at a tax obligation. This all-in-one guide will help comprehend the characteristics of LTA exemption, benefits, tax exemption limits and reimbursement rules to …

Want to send money fast and securely? NEFT, or National Electronic Funds Transfer, lets you move money from one bank account to another without a hitch. People now trust NEFT to transfer money well for personal payments or business deals. This article will tell you what NEFT is, how it works, and how long a …

Your cell phone number acts as the ID for your bank account. Banks use it to send one-time passwords and notify you about transactions. But what should you do when you need to switch numbers? Don’t stress—it’s easy to make this change from home. You may have gotten a new phone number or want to …

A cross cheque is a type of cheque that is cast as an extra security layer during transactions. Such cheques are unlike regular cheques, which can be almost very easily encashed over the counter at the bank, for a cross cheque is encashed only at the individual account of the respected name mentioned on it. …

Nowadays, transferring money from one country to another is not that tough. Whether you are supporting relatives with money, paying tuition dues, or even facing international expenses, transferring money using an international channel is now safer and easier than before. It is time to know how to send money abroad. What is an International Money …

Before, it could take hours just to reach your local bank, but that’s no longer an issue. Thanks to Micro ATMs, banking is becoming more accessible, even in far-flung areas. These small, portable devices allow for Micro ATM cash withdrawal, giving people in rural locations easy access to cash and other essential services without the …

An important area of financial management is the rules regarding bank dealings, especially cash deposits. Every bank has set its limits and rules regarding cash deposit limits in savings accounts. These rules have been set to follow the legal rules governing finances and avoid misuse. This blog outlines cash deposit limits in savings accounts concerning …

The banking world is always changing and the term ‘bad bank’ has gained serious importance, especially during financial crises. But what exactly is a bad bank and how does it work? A bad bank is a financial institution set up to take over and manage non-performing assets (NPAs) or bad loans from struggling banks. Simply …

In the era of instant digital payments, transferring money has become quick and convenient. But it does happen at some point, and the money could be deposited in the wrong account. If you ever get into asking, “I send money to wrong account. What do I do now?” let this blog help you out. Taking …

Linking phone number to bank account is a key requirement for contacting your bank. It enables you to get real-time trading information, bank OTP for online banking, and better security against fraud. This article explains how to link mobile number to bank account online and the importance of updating one’s contact details. Why is it …