What is NACH in Banking? Key Insights
Posted on Wednesday, April 24th, 2024 |

What is NACH? NACH’s full form is National Automated Clearing House. It is an initiative introduced by the National Payments Corporation of India (NPCI) to streamline bulk transactions among banks. It efficiently handles repetitive and periodic interbank transactions such as subsidy distribution, salary payments, pension disbursements, and dividends. NACH is a convenient platform for collecting…
Read moreUnderstanding eKYC: What You Need to Know
Posted on Wednesday, April 24th, 2024 |

What is eKYC? eKYC, meaning Electronic Know Your Customer, is the method employed by financial institutions to remotely authenticate the identity of customers without the need for physical documents or in-person visits. This process involves using digital documents, biometric authentication, and government databases to confirm the identity of individuals opening bank accounts or accessing financial…
Read morePlan Your Summer Holidays with Your Savings Account
Posted on Tuesday, March 26th, 2024 |

As the days get longer and the temperatures rise, it’s a sure sign that summer is just around the corner. And with summer comes the anticipation of vacations, whether it’s a relaxing beach getaway, an adventurous road trip, or exploring new cities. While planning your summer adventures, it’s essential to make the most of your…
Read moreBuilding Saving Discipline with Online Savings Account
Posted on Thursday, March 21st, 2024 |

In today’s ever-evolving financial landscape, managing your finances efficiently is key to achieving your financial goals. One essential aspect of financial management is cultivating a robust savings habit. With the advent of online banking, saving money has become more convenient and accessible than ever before. In this blog, we’ll explore how you can leverage online…
Read moreTax Planning: Essential for Long-Term Wealth and Savings Maximization
Posted on Tuesday, March 19th, 2024 |

Planning your taxes effectively holds immense significance in personal finance. While most people focus on planning their finances and investments, an effective tax planning strategy can help you optimise your tax liability to save more, especially in the long term. In India, yearly updates on tax regulations make tax planning an important aspect of building…
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