In the modern banking system, banks try to give their customers different means to connect with the banks. And for this purpose, they use the latest technologies along with the traditional methods as well. IVR Banking system is one of the latest technologies. In this post, we will chat what is IVR, what is the […]
Banking
Best Saving Account For Kids in 2020
The banks give special facilities to kids. There are dedicated bank account for the children as well. These saving account would inculcate the habit of saving among the kids. Thus in this article, I will tell you the top 7 savings account for kids especially in the context of the year 2020. 1. SBI’s PehlaKadam […]
What is Contactless usage of Credit and Debit card
A credit or debit card can be used in three was. First is ‘Contact Based’ usage, the second is ‘Card Not Present’ (CNP) i.e. Online Transaction and the third is ‘Contactless’ usage. The contact based usage of the card is when you use it at the ATMs or Point of Sale (POS) transactions where your […]
What is UTR Number? How To Track UTR of SBI and Other Transactions
Sometimes a financial transaction between the two bank accounts may be stuck due to some technical issue. And you do not get a confirmation message. Then how can you track the status of the transaction? The answer is UTR. In this post, I will tell you what is UTR? And how can you track the […]
Banks Closed, ATM empty – How to Get Cash?
Do you want to know how you may get cash when the ATMs are out of cash? Even banks are closed on account of Odd hours, holidays or a strike. It is possible. You can get cash in this dire situations as well. There are three ways through which you may get cash by debiting […]
Debit Card Vs Credit Card: Benefits and Rules
Debit card and a Credit card are both the plastic cards. You can use these cards for shopping, payment and withdrawal from ATMs. Then, why there are two types of cards. Why some people use credit card instead of debit card for the shopping? What are the benefits of debit card and credit cards? In […]
What is Debit Card and ATM Card? How to Use it?
Most of us these days use a Debit card for financial transactions. Our Debit card has reduced the requirement of hard cash. In this sequence, banks are also issuing different cards on the basis of your need. So, there are different types of debit cards in the Indian market. And every card has special characteristics. […]
RBI New Rule- Set the Limit of Your Card Yourself
Today every person who has debit or credit card is afraid of fraud. The concern is real as fraud is increasing day by day in spite of all preventive efforts. often online and card fraud arise from the other countries as there is no requirement of OTP or PIN for the card payment. But now […]
UPI PIN vs ATM PIN Vs MPIN
You can not expect the current digital economy without the words – UPI PIN, ATM PIN and MPIN. Now there are a very huge number of users of the digital transactions. But most of us do not aware of the meaning of these terms. Even they do not know the full form of UPI, PIN, […]
The Merchant UPI Payment Would Remain Free
Now the MDR is a thing of the past. The Central Government has decided to waive off the MDR (Merchant Discount Rate) charges for UPI and Rupay Card. This new step would promote more digital transactions. Definitely it is a huge relief to the merchants who are already accepting payment through the UPI QR code […]
New Video-Based KYC Process For 2020
Recently the RBI has amended the KYC norms for the banks and regulated entities which requires KYC. According to the new norms, RBI is allowing to complete the KYC process through a video. This system enables the banks and wallets to complete the KYC of the customers through mobile video recording. It would be huge […]
How To Deposit Money through SBI Cash Deposit Machine
As it is clear by its name Cash Deposit Machine is a mechanism through which you can deposit cash directly in your account. Moreover, you can deposit in others’ accounts as well. Cash Deposit Machine is a machine like an ATM. But its use is quite the opposite of ATM. As ATM dispenses the money […]