What is Video KYC? Guidelines and Step-by-Step Process
Digital India is no more a saying. It’s a real thing now. People use the internet to order their necessities, pay off their bills, plan vacations, and whatnot. Almost every industry is taking a step closer to digitization every while. So, why not the customer service? Although it has an e-KYC process, the innovation
Zero-balance Current Account: How is it Beneficial for MSME & SMEs?
A current account allows individuals, professionals, and businesses to conduct a variety of everyday monetary activities. The account can be opened and administered by a single person, a group of people, or a company. In comparison to Savings Accounts, Current Accounts pay no interest and have a greater minimum account balance requirement. Current accounts
NEFT (National Electronic Funds Transfer), RTGS- (Real Time Gross Settlement), and IMPS – (Immediate Payment Service) are all electronic funds transfer systems in India, differing in transaction limits, timings, and processing speeds. NEFT operates in batches, settling transactions hourly, while RTGS processes transactions individually in real-time, with higher minimum transaction limits. IMPS offers instant,
RBI Loan Moratorium Update: Small Borrowers’ Eligibility Check
Latest News Loan Moratorium? Over 19 Crore Borrowers Benefited from the COVID 19 Loan Moratorium, Finance Ministry Announced The loan moratorium that extended for six months, from March 1 to August 31 in 2020, cost the government 6,474 crores. And it benefited over 19 crores of borrowers across the country, the Ministry of Finance
There was a time when money transfer meant having to physically go to a bank and deposit money in the form of a cheque or cash into the account of the person or the firm where the money was to be transferred. Another way was to send a cheque, postal order, or demand draft.
Google presented its digital money transfer app Google Pay in 2017. It was officially launched in January 2018 when Google unified Android Pay and Google Wallet into one. It was originally named Google Tez but later rebranded to Google Pay. Google Pay is a UPI based transaction portal where money can be transferred between
