Managing one's finances requires proper knowledge regarding the different types of bank accounts that exist. Among the most usable, one can mention a current account and savings account. While both varieties of accounts are used for a specific purpose…
Interchange fees can potentially yield significant yet misunderstood results in the world of electronic payables. It makes such transactions possible between the consumer and the merchant by way of credit and debit cards. More importantly, understanding the interchange fees…
Although many business owners might not fully realize its significance, a merchant acquirer is an essential player in the growing field of electronic payments. It ensures that transactions between customers and businesses are completed securely and efficiently. Businesses…
Having a bank account freeze is frustrating, as anyone wanting to access some money will find it difficult. This guide will explain what a frozen bank account is, the many reasons why a bank can make such freezing of your…
In an increasingly digital world, the way we manage our finances is evolving at an incredibly fast pace. Virtual bank accounts have become a popular solution that offers a lot of flexibility combined with convenience. This blog will help…
Variance analysis is a major management accounting technique whereby the organization will be able to look through its financial performance by comparing the actual outcome against the budgeted figure. With this, the business organization would be able to reveal…
Starting and growing an entity in India is an exciting journey filled with exciting possibilities and obstacles. Choosing the right bank and best current account for startups in India is one of the major steps taken when starting up a…
A very integral part of international banking and finance is the concept of Nostro accounts. When it comes to global payments, it makes quite a difference. This comprehensive guide will explain what a Nostro account is, how it works, its…
Reserve Bank of India has made the Liberalised Remittance Scheme, generally called LRS, a facility to make foreign remittances much easier and more accessible to residents in India. In other words, this scheme assists residents in freely transferring money for…
Statutory Liquidity Ratio, in short, SLR is an indispensable tool in the monetary policy armory of central banks among others, especially in countries such as India, wherein it plays a very significant role concerning regulations within the banking sector. …
