Banking Blogs

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 …

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 …

If you are an IndusInd Bank customer, now you can get a quick response to your queries and problems via toll-free phone numbers. By Knowing these customer care numbers, get help anytime over a call as these services are available round the clock, 7 days a week. Instead of opting for a lengthy process, you …

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.  …

Learning how to make a UPI ID or set a UPI PIN is an easy solution to enjoying seamless transactions. Thanks to digital advancements and the launch of the UPI facility, now you no longer have to visit a bank to transfer money. With the Unified Payment Interface (UPI), you can effortlessly transfer funds from …

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 a long time.  Despite the digital revolution and the increasing popularity of alternate banking modes, many prefer demand drafts due to their security …

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 …