Banking Blogs

What is mobile banking? As the name suggests, mobile banking enables you to carry out banking transactions on your mobile device, be it a smartphone or a tablet. All you need to do is enable banking transactions is access the Internet.  Mobile banking in India has spread across all demographics. According to one survey, 31% …

A retail loan is a popular financing option that allows you to meet your needs stress-free. Getting such a loan expands your purchasing power. This way, you can make a small ticket or big-ticket purchases without worrying about funds at your disposal.  Retail loan, meaning a loan offered to regular customers, offers you complete freedom …

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 …

The Reserve Bank of India (RBI) decides the holiday calendar for both public and private banks. So, all banks across India follow the same list of holidays. Since these holidays affect banking services nationwide, it’s always helpful to know them in advance. You can plan your visits better and avoid last-minute transaction hassles. Read on …

When you open a bank account, you receive multiple details like your account number, IFSC code, branch code and more. But there’s one important ID most people overlook—the CIF number. This 11-digit code stores your entire banking profile in one place and helps the bank identify you across all accounts and services.  If you’ve ever …

As an IndusInd Bank customer, you can now get quick assistance with your queries and concerns through 24×7 toll-free customer care numbers. Whether you need help with phone banking, credit card services or NRI banking, you can skip long processes and get instant solutions over a call. These helplines ensure round-the-clock support, making banking easier …

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.  …

A DD is one of the most reliable banking tools for secure money transfers. The DD full form is Demand Draft. It’s a prepaid instrument where the amount is deducted from your account at the time of issue. So there’s no risk of the payment bouncing later. Even with online payments becoming more common, DD …

An account payee cheque is also known as a crossed check, which has two parallel lines mentioned on the top left. Between the two lines, you need to write ‘A/C payee’. Irrespective of many digital options, cheques are one of the popular ways of making financial transactions. One of the main reasons for choosing cheques …

RTGS refers to a payment facility provided by banking institutions for the transfer of funds from one bank account to another. Although UPI transactions in India are being accepted widely, they have a specified limit of ₹1 lakh per day. For a larger amount, there are other online methods to opt from.  Unlike an NEFT …