Banking Blogs

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 …

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 …

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 …

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 …

UPI has made sending money easier than ever. With just a few clicks, you can pay friends, shop online or settle bills instantly. But in all that speed, mistakes can happen. You might end up sending money to the wrong person by accident. But don’t worry, such mistakes are more common than you might think. …

Closing a bank account isn’t something we do often. However, knowing how to go about it can help when you’re planning to. Whether you’re switching banks, moving cities or just don’t need the account anymore, the process is simple when you follow the right steps. What are the Reasons for Closing a Bank Account?  There …

Managing multiple financial accounts can be challenging and pose difficulties as daily responsibilities can easily lead certain accounts to become dormant. Accounts placed in this state become dormant or inactive during this process. To manage finances effectively, you must distinguish between active and dormant accounts.  Inactive and dormant accounts show similar traits, yet they differ …

Running a small business comes with many responsibilities and one of the most important ones is tax planning. Managing taxes properly can help businesses save money, avoid penalties and keep finances stable. But tax rules can be tricky and that’s where banks come in. They offer expert advice, special accounts and easy-to-use tools to help …

If you run a business, accepting online and card payments is a must. A merchant account makes this process smooth, helping you manage transactions easily while improving cash flow. Whether you own a small shop or an online store, setting up a merchant account ensures hassle-free payments.  Read on to know everything about merchant accounts, …

Ever wished managing your finances was as easy as ordering food online? That’s what Open Banking brings to the table! It allows banks to share your financial data with your consent to trusted apps. It helps in making budgeting, loan approvals and payments smoother than ever. But how does it work and what’s in it …