Banking Blogs

Your registered mobile number is more than just a contact detail. It’s your access point to OTPs, transaction alerts and important banking updates. So, if you’ve switched to a new number, updating it quickly is a must. Missing alerts or OTPs is not an option when it comes to your money.  The good news? Mobile number change in bank account is simple and can …

Do you worry about your bank cheque ending up in the wrong hands? With a cross cheque, you do not have to anymore. It adds an extra layer of security to your payments, making sure the money goes only to the intended recipient. Unlike regular cheques that can be cashed at the bank counter, a …

Transferring money across borders has never been easier. Whether you need to support your family, pay tuition fees or cover international expenses, there are now multiple safe and convenient ways to send money internationally.  Read on to learn everything about what it is, what are the steps involved and how beneficial it is. What is …

Gone are the days when you had to travel long distances just to withdraw cash. Thanks to Micro ATMs, banking services are now more accessible, especially in rural and remote areas. These small, portable devices allow you to withdraw money, check your balance and even make transactions. You can do all of these without visiting …

Cash is still a preferred way to transact for many – whether it’s income from a business, money received as a gift or savings you’ve been setting aside over time. A cash deposit is simply the process of adding that physical currency to your bank account. Which then becomes available for withdrawals, transfers or everyday …

The banking world is always changing and the term ‘bad bank’ has gained serious importance, especially during financial crises. But what exactly is a bad bank and how does it work? A bad bank is a financial institution set up to take over and manage non-performing assets (NPAs) or bad loans from struggling banks. Simply …

If I send money to wrong account, can I get it back? It’s a common worry in today’s world of fast digital payments. One small error, and suddenly the amount transferred to wrong account becomes a stressful situation. But don’t worry, there are ways to fix it. The key is to act quickly. Contact your …

Linking your mobile number to your bank account is necessary in today’s digital world. It helps you receive transaction alerts, OTPs for secure online banking, any bank updates and also safeguards against fraud. Whether you want to link your mobile number to a bank account online or update it offline, the process is simple and …

Net banking or the electronic banking system is an excellent way to complete your bank-related activities from the comfort of your home. With e-banking, you can conduct a wide range of banking activities online. These include transferring funds, accessing account information, paying bills, and more, all from the comfort of your home – anytime and …

Nominee is a common term that you will come across while opening a new bank account. Understanding the meaning of nominee in banking is crucial. Whenever you open a bank account or apply for a fixed deposit, there’s a section to add your nominee’s name. Even though it is an optional step, having a nominee …