Banking Blogs

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 …

Choosing the right type of banking can feel like picking between two different worlds where one is customised for individuals and the other for businesses. When comparing retail banking vs corporate banking, it’s all about understanding your financial needs. Retail banking is what most of us use daily for savings accounts, personal loans and credit …

Small Finance Banks or SFB Banks are changing the way banking works in India, especially for people who don’t have easy access to financial services. These banks focus on providing banking and loan services to small businesses, farmers, and low-income households. The Reserve Bank of India (RBI) introduced them in 2015 to improve financial inclusion …

Your bank and account number is necessary for controlling your funds. Whether it is receiving your salary, making payments or conducting transactions. But, how to find account number when you don’t remember it can be tricky for most people.   Bank Account Number of Digits  The number of digits in a bank account number varies depending …

An mPIN, or Mobile Personal Identification Number, is a 4 or 6-digit code that verifies your identity and keeps your digital payments safe. It works like an ATM PIN for your phone, allowing you to confirm transactions without entering full bank details. With UPI and mobile banking becoming the new norm, it’s important to keep …

An ATM withdrawal limit is the maximum amount of cash you can withdraw from an ATM on any given day. Banks generally impose these limits to protect your funds. This threshold limit will keep losses to a minimum if your card gets lost or stolen. Naturally, each bank has its own per day ATM withdrawal …

Running a business requires a steady flow of funds. Managing these rolling funds can be challenging. And trying to sort out your business’s short-term financing options can seem cumbersome at times. You might lean towards options like overdraft and cash credit for help. Both can help smooth out your cash flow when expenses come up, …

Idle cash lying in your home or office locker does not beat inflation. So, next time you get your annual bonus, make sure to deposit a part of it in a savings account. A savings account is a great option for making your money work for you. It’s safe, simple, hassle-free and keeps earning a …

If you’re wondering how many types of bank account options are available and which one suits you best, you’re in the right place. Banks offer various accounts like savings, current, and fixed deposits to meet different financial needs and goals. Whether you want to save for the future, manage daily transactions, or earn better returns, …

The State Bank of India (SBI) offers many debit cards to suit different needs, right from Classic to Platinum. Each card comes with its own costs like SBI debit card charges, SBI ATM card charges and annual maintenance fees. The SBI debit card charges cover the cost of card maintenance, security and transactions.  Understanding these …