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Rupee Drawing Arrangement forms an important feature of the foreign exchange mechanism in India. It has been designed for the transfer of funds by Non-Resident Indians or Persons of Indian Origin to India. RDA finds a significant position in the…
Among all payroll management matters, few are as potentially disruptive as salary arrears. Be it as an employee to whom a paycheck is of essence, or as an employer entrusted with the responsibility of making the right payments on time,…
The face of the Fintech Industry is fast changing. It is driven not only by the adoption of advanced technology and changing consumer expectations but also by an exceedingly evolving regulatory landscape. To stay on top of this market race,…
The Indian financial system is so interrelated that no possible development of the country's economic functions takes place without its significant role. It refers to those organizations, markets, rules, and instruments through which funds are mobilized and distributed within an…
Petty cash is the small amount of cash a company possesses to make payments for minor expenses originating from daily operations. In addition, this list may include office supplies, postage, and similar purchases in small emergencies. Proper petty cash management…
Technology has advanced to the point that most of our world is already shifting from manual systems to digital and this does not escape cross-border transactions. Nowadays, businesses are spread across the world. Businesses or people who engage in cross-border…
Online banking has brought in a lot of convenience and has shifted us from the tedious processes of land-based traditional banking. It has redefined the way we handle our finances providing extraordinary ease and reach to carry out our monetary…
The rising interdependence of the global economy has led to a demand for cross-border payment systems that are speedy, safe, compliant, and effective. India, one of the world's largest economies, has a long history of using cross-border payments, and the…
India's economy is seeing significant growth in the import-export sector, which has enhanced its standing as a leading global economy. India is a highly sought-after market for other nations since it has one of the largest trade-based economies globally. It…
Efficiency and security in money transfer services are of prime importance. The ability to send across borders to a loved one or the transfer to a personal financial account, such as a PPF, becomes very important. The Money Transfer Service…
