Knowing what is e-Mandate and its benefits can help you make payments more conveniently. Before the dawn of the digital era, you had to make payments in person or through cheques. Today, with a range of electronic payment options, you need not worry about writing a cheque or visiting your bank. You also need not …
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Reserve Bank of India (RBI) regulates bank holidays in India, be it for public or private-sector banks. Thus, all banks in India follow the same schedule for holidays and the days that they remain closed. Read on to learn about the different bank holidays of 2024. Types of Bank Holidays in India in 2024 There …
CIF full form is Customer Identification File, which refers to a unique identification value assigned by banks to all their customers. Using a CIF ID, banks can access your account and personal details. This enables financial institutions to keep track of your account information. It is an 11-digit number that helps banking institutions cater to …
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As an IndusInd Bank customer, knowing certain toll-free numbers to call can help you get immediate assistance. With their customer service numbers, you can get aid for credit card-related issues or queries for bank accounts, loans, fixed deposits and more. This way, you can get your queries resolved without visiting an IndusInd Bank branch or …
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The current IndusInd Bank Fixed Deposit interest rate makes it an attractive investment option. You can earn up to 8.25% interest on an FD with the bank. This makes your investment safe, giving you steady returns until maturity. So, along with capital appreciation, you can keep your savings protected from erosion due to market factors. …
Knowing how to make a UPI ID is an easy solution to enjoy seamless transactions. Thanks to digital advancements and the launch of the UPI facility, you no longer have to visit a bank to transfer money. With the Unified Payment Interface (UPI), you can effortlessly transfer funds from one account to another in seconds. …
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When comparing demand draft vs cheque, you’ll find that both are safe bank transaction methods. However, a DD is one of the most popular payment systems or instruments used by banks for the longest time. Despite the digital revolution and the increasing popularity of alternate banking modes, many prefer using demand drafts due to their …
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An account payee cheque is also referred to as a crossed cheque. This kind of cheque has the following words ‘A/C Payee’ mentioned on the top-left side written between 2 parallel lines. Despite technological advancements in the financial vertical, cheques continue to remain a popular way of initiating transactions. One of the main reasons for …
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RTGS is a payment facility that allows you to transfer money swiftly from one bank account to another. While UPI-based transfers are common nowadays, they are only feasible for payments of ₹1 lakh or under. For a larger amount, there are other online methods to opt from. One of those is RTGS, which does not …
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ATM card AMC (Annual Maintenance Charges) is a fixed charge applicable on debit cards. This is what the bank charges for offering services and maintaining your card. While some of these cards may be free to avail, most of them will carry annual charges, depending on the card type. Read on to learn what ATM …
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