Post Dated Cheque (PDC): Meaning, Validity, Rules & How to Write One

Post-dated cheque is the one in which the date written is some time in future. It cannot be cashed until that particular date comes. Post dated cheque or PDC is widely used in India for making payments towards rents, EMIs, loans, businesses etc. Validity of PDC cheque is 3 months from the date on the cheque.  If you have been …

IMPS vs NEFT – Understand the Difference & Charges

Choosing between IMPS vs NEFT electronic fund transfer options depends on multiple factors. These two options serve the same goal of making convenient fund transfers but have many distinct features and benefits.  Old-school fund transfer methods allow you to send and receive a higher amount through multiple channels. Therefore, many private and government agencies rely …

IDBI Balance Check Number: SMS, Missed Call & More 2026

The IDBI Bank balance check number is one of the easiest options to get your account balance. Apart from this, IDBI Bank offers alternative ways to track your balance:  You can run an IDBI Bank account balance check instantly using any of these options above. Remember, you must register your mobile number to enjoy these …

What Is IMPS? – Full Form, Features, Steps, Charges and More

The full form of IMPS in banking is Immediate Payment Service. This fund transfer facility gives you real time updates on your online payments, including bills, fees, tickets, merchants and more. Knowing what is IMPS is important for transferring funds easily as you can use this facility for urgent needs.  However, there are limits, charges and …

What is a Cheque Bounce? Causes and Prevention Tips

Under the Negotiable Instruments Act of 1881, cheque bounce is categorised as an offensive act. If your cheque bounces for any reason, you must face consequences such as monetary penalties, imprisonment or both. It can also impact your credibility and lead to other such negative effects.   Read on to learn about the meaning of cheque …

What is an Issuer Identification Number and How Does It Work?

Wondering what an Issuer Identification Number or IIN is? Well, it’s an important component of payment cards, like credit and debit cards. The number helps identify the card issuer and your card’s processing network. Apart from this, you get to enjoy several other benefits, making this an important part of your payment card. Here’s a …

Repo Rate & Reverse Repo: Meaning & Key Differences Explained

Reverse repo rate and repo rate set by the RBI are specific monetary policy tools. The policies that govern these rates help manage the country’s overall economy. Specific factors like inflation, currency rate changes and money flow influence these rates.   Read the information below to define repo rate and reverse repo rates and learn how …

What is BSR Code? Full Form, Meaning, Uses & How to Find It 

A BSR code is a 7-digit bank branch code used mainly for tax payment tracking in India. Its full form is Basic Statistical Return Code, and it helps the Income Tax Department identify the bank branch through which tax payments, TDS, TCS or challan-related transactions are made.  In simple terms, you can say BSR code  is a unique identification number allotted by the Reserve Bank of India …