As commerce becomes increasingly digital today, card payments help businesses big and small serve their customers. However, for each transaction, the merchant has to bear a certain fee, better known as the Merchant Discount Rate or MDR. It thus…
In today's interdependent world, advantages vary for both individuals and companies. Though many people consider offshore banking to be for the ultra-rich, today it has become more available for a greater number of people. This aids in maintaining or growing…
One of the biggest barriers for an entrepreneur in India is to access requisite funding. Fortunately, a line of startup business loans can be availed, which could fire your entrepreneurial dream. In this blog, we look at some of the…
Regional banks are usually financial institutions that operate within certain geographic areas and offer various banking services, from loans and checking and savings accounts to mortgages for individuals and companies. Whereas national banks would operate large-scale across the country, regional…
Wealth management firms assist a lot of people and businesses increase, safeguard, and allocate their assets. The need for expert wealth management firms is rising daily as a result of the rapid expansion of the Indian economy and the need…
A strong financial backbone is the foundation of every business venture. Similarly, a business bank account is an elementary factor for SMEs in India. Choosing the best business bank account in India guarantees smooth transactions, better financial management, and…
Card security is one thing that can never be taken for granted in today's digital world. The Card Verification Value, more popularly known as CVV, while making online transactions, is a major security feature. It's a three- or four-digit code…
The Cash Reserve Ratio is a critical factor in a country's monetary policy regulating the economy. The CRR issues are basic to the banking system's stability and proper liquidity of the financial market. This blog will address the meaning of…
The requirement for instantaneous access to funds has spurred some massive leaps forward in technology within the ever-changing world of financial services. One such innovation is Real-time Payments. We will go over what RTP is in detail in this…
Letters of credit are some of the important financial instruments in the banking world, especially in international and foreign trade dealings. It is a kind of promise from the bank that the payment by the buyer to the seller will…
