Category Archives: Banking

Planning to invest? You’ll need to complete your KYC for investment. It stands for ‘Know Your Customer’. It’s a basic identity check done before you can invest in mutual funds, stocks or other financial products. KYC is mandatory. Even if you’re switching platforms, you’ll need to do it. Thanks to electronic KYC, the process is …

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Running a business today? Then, keeping an eye on your cash flow isn’t just smart — it’s a game-changer. Whether you’re just starting out or running a big setup with loads of accounts, knowing where your money stands at any given moment really matters. That’s where CMS or Cash Management Services steps in. Offered by …

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A cancelled cheque is one of the most common document requirements in banking and finance. From bank accounts to loans and investments, many financial services ask for one. It’s a quick way to share your bank account details without any transaction happening.  But many people are still unsure how to cancel a cheque or how …

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Digital payments in India are evolving quickly, and UPI Lite is the newest addition. This payment solution takes care of low-value daily payments. It ensures faster processing, minimal bank dependency and better reliability during high traffic hours or in low network zones. UPI Lite is designed for speed, convenience and micro-payments. Whether you’re buying a …

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Quick access to funds is crucial during a financial crisis and you can get immediate support from financial institutions. But what if you’re unsure about the exact amount you need? This is where you can rely on a Line of Credit (LOC).   A LOC is not like a traditional loan. It gives you access to …

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Ever wondered what makes one bank more trusted than another — or why some banks are called scheduled while others are non-scheduled? It’s a common question, especially if you’re planning to open a new bank account, apply for a loan, or simply want to understand how the Indian banking system works. In simple terms, the …

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Have you received a message asking you to complete your bank account and PAN card link? This has now become a mandatory requirement, as linking your PAN helps track high-value transactions and keeps your financial records accurate and up to date. If you haven’t done this yet, it’s best to complete it soon.  Read on …

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Need a safe place to store your valuables? A bank locker facility is the perfect solution. It offers a secure, protected space within the bank designed to store everything from important documents to precious jewellery. While most nationalised and private banks provide this service, the features and charges may vary.  Read on to understand how …

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Online transactions are now the new norm. This is particularly so for younger generations who are technologically savvy. Nevertheless, paper-based transactions such as cash deposits remain a common banking practice. Cash deposit slips must be completed when you make a physical cash deposit into an account. It is for this reason that you should know …

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There are several ways to make payments in India, like using cash, cards or bank transfers. Among them, cheques and demand drafts (DD) are still widely used for paper-based transactions. Each serves a different purpose and works in its own way.  Understanding the difference between cheque and DD can help you decide which one to …

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