Tag: Bank
-
Bank Overdrafts: Bridging the Gap in Times of Financial Crunch
Bank overdrafts, popularly known as business OD loans, have emerged as a valuable financial tool for businesses seeking effective cash flow management along with flexibility in their operations. An OD loan for businesses allows businesses to withdraw funds beyond their available balance in their account, acting as a temporary source of working capital. Businesses face…
-
How Interest Rates Matter on a Checking Account?
The interest rate on a checking account can be a big deal if you’re not careful about how you use it. If you’re not careful, you might end up paying more than necessary for the convenience of maintaining your money in a checking account. In this article, you’ll look at how you should examine your…
-
How Can You Best Utilize Neobank, eCommerce, and Fintech Cards?
Neobanks, which are another term for challenger banks, are innovative financial firms that have emerged in recent years as modern alternatives to traditional banks. Neobanks are financial institutions that do not have physical branches but provide banking services such as accounts, loans, debit cards, and credit cards. Neobanks are gaining popularity, and a growing number…
-
IBPS PO Exams and the Relevant Information
IBPS is known as the Institution of Banking Personnel Selection. It is a relief that all bank exam candidates seek. IBPS PO is a great way to get into the diaspora of Banking. The banking job is highly respected by society due to its admirable standing. Competition becomes fiercer the higher it is demanded. The…
-
Axis Bank Credit Cards to Apply for in 2022
An Overview about Axis Bank Credit Cards. Axis Bank is a private sector bank that provides a diverse range of credit cards. The bank presently offers more than 11 credit card varieties, each tailored to meet certain demands. The bank has a card for every category, including travel, retail, eating, and premium. Axis Bank Credit…
-
8 Reasons Why UPI Outclasses IMPS and NEFT
Once you understand the difference in payment systems available in India and what you can achieve with tools such as a UPI link generator it will help you to make an informed decision for your business. There are a number of valid reasons why you might decide that the evidence points to UPI as being…
-
VOSTRO Accounts
Demand deposit account, denominated in domestic currency maintained by overseas banks with domestic banks are called as VOSTRO Accounts. VOSTRO Means “Your Account with Us”. Example: Any overseas bank like Bridge Bank has a INR account with Bank of Baroda, India then such account is called as VOSTRO Account.
-
NOSTRO Accounts
Demand deposit account, denominated in foreign currency maintained by domestic banks with overseas banks are called as NOSTRO Accounts. NOSTRO Means “Our Account with You”. Example: Any domestic bank like Bank of India has a US Dollar account with ICICI Bank then such account is called as NOSTRO Account.
-
Mutual Funds
A mutual fund is a common pool of money in to which investors with common investment objective place their contribution that are to be invested in accordance with stated investment objective of the scheme. A mutual fund is a trust that pools the saving of a number of investors who share a common financial goal.…