What is Video KYC & How Does it Work?
Posted on Wednesday, September 25th, 2024 |
Tired of bank queues just to open a savings account? Video KYC is here to save the day! Opening a savings account typically involves a lot of steps, with one of the most crucial being the Know Your Customer (KYC) process. This is a mandatory procedure for banks to prevent identity theft, financial fraud, and…
Read moreWhat is the Difference Between NEFT, RTGS, and IMPS?
Posted on Wednesday, September 25th, 2024 |
When it comes to transferring money, several electronic methods make the process fast and efficient. Three of the most used systems are NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service). The Reserve Bank of India (RBI) introduced NEFT and RTGS systems, whereas IMPS was launched by the National Payments…
Read moreWhat is an IMPS Reference Number and How to Track IMPS Transactions?
Posted on Wednesday, September 25th, 2024 |
Have you ever performed an online transfer and wondered, “What is an IMPS number and how to check IMPS transaction details?” Immediate Payment Service (IMPS) is a fast and convenient mode to transfer funds. You receive a unique IMPS reference number when you perform an IMPS transaction. This number is essential for tracking your transactions…
Read moreWhat is the IFSC Code and How to Find it?
Posted on Wednesday, September 25th, 2024 |
IFSC stands for Indian Financial System Code. This is a code that uniquely identifies a bank branch and is important for making financial transactions. This 11-character code assists in routing fund transfers efficiently and accurately via NEFT, IMPS, and RTGS systems. Without the right IFSC code, your electronic payment could be delayed or even fail….
Read moreWhat is a Demand Draft?
Posted on Monday, September 23rd, 2024 |
Have you ever faced a situation where a cheque or cash payment was not accepted? For instance, many educational institutions require payment through a Demand Draft (DD) instead. If you’re unfamiliar with DDs, it’s time to understand the demand draft meaning and its significance as a financial instrument. A demand draft is a secure and…
Read moreWhat is a Beneficiary Account?
Posted on Monday, September 23rd, 2024 |
What is a beneficiary account? Are you curious about this question and looking to understand it? Before diving deep into the meaning of a beneficiary account, it is crucial for you to understand what a beneficiary is. The term ‘beneficiary’ refers to an individual or entity set to receive particular benefits or gains from specific…
Read moreHow to Withdraw Cash from an ATM Without a Debit Card? Benefits and Limits
Posted on Monday, September 23rd, 2024 |
Ever found yourself in need of funds but realised you forgot your debit card at home? Do not worry; the cardless cash withdrawal system is here to help. This system allows you to withdraw cash from a UPI-ATM without the requirement for a physical debit card. Instead, you can use mobile banking apps and QR codes…
Read moreHow to Get a New Passbook?
Posted on Monday, September 23rd, 2024 |
In today’s digital age, the need for physical documentation might seem diminished, yet there are instances where a passbook becomes essential. Whether it’s for keeping a meticulous record of transactions or for traditional banking needs, understanding the process of obtaining a new passbook can be quite beneficial. Understanding the Importance of a Passbook A passbook…
Read moreHow to Get a New Chequebook?
Posted on Friday, September 20th, 2024 |
Curious about how to get a chequebook immediately? If you require a new chequebook right away, you can typically request one through your financial institution’s mobile app or online banking platform. Note that the process of applying for a bank chequebook is simple and quick. To understand how you should proceed with chequebook application process, continue reading. …
Read moreHow to Find Your Debit Card Number Online?
Posted on Friday, September 20th, 2024 |
Have you ever found yourself in a situation where you need your debit card number, but the physical card is nowhere to be found? Perhaps you have kept it in a safe spot and forgotten, or it might have been misplaced accidentally. This unique 16-digit code is important for online purchases, bill payments, adding money…
Read moreHow to Find Your Bank Account Number?
Posted on Wednesday, September 18th, 2024 |
Have no idea how to locate your bank account number? Worry not, you are in the right place. Whether you have opened a new savings account or simply misplaced your account details, knowing how to find your bank account number is crucial. But why, you may wonder? This is because a bank account number is…
Read moreA Complete Guide to Check RTGS Status
Posted on Wednesday, September 18th, 2024 |
Have you ever sent funds through RTGS and wondered if they reached the recipient? RTGS tracking is essential to ensure your funds have been transferred accurately and safely. But wait – how do you check RTGS status? Do not worry; you are at the right place. Discussed here is a complete guide to perform an…
Read moreSavings Account vs Salary Account – What’s the Difference?
Posted on Wednesday, January 3rd, 2024 |
Salary accounts are designed for monthly salary deposits and usually require no minimum balance, while savings accounts are for general saving purposes and often have a minimum balance requirement. It is essential to understand how both these accounts work to carry out your financial functions optimally. When it comes to personal finances, savings, and investments,…
Read moreImportance of Saving Money from an Early Stage
Posted on Monday, December 25th, 2023 |
In a world where financial stability is a crucial element of a successful life, saving money at an early stage is a prudent and beneficial choice, along with harnessing the power of a savings account. Whether you are a student or just starting your first job, cultivating the habit of saving money can pave the…
Read moreBuild Your Emergency Fund with Some of The Best Savings Accounts
Posted on Wednesday, November 29th, 2023 |
IndusInd Bank offers a range of savings accounts, each with unique features and benefits, to help you set up an emergency fund and prepare for life’s unexpected expenses. Achieving financial security is an aspiration for many individuals. However, we live in a world filled with unpredictability and sometimes have to cope with medical emergencies, job…
Read moreOpen Digital Savings Account Instantly with Video KYC
Posted on Monday, November 27th, 2023 |
Opening an IndusInd Bank digital savings account with a video KYC is a simple process that offers a blend of convenience, security and a wide range of advanced banking solutions. Gaining access to financial freedom has become remarkably convenient because of the wonders of advanced technology. In this digital age, you no longer have to…
Read moreAugmenting Banking Convenience with Digital Savings Account
Posted on Tuesday, November 21st, 2023 |
In the realm of personal finance, the significance of saving money cannot be overstated. Establishing a savings account is not just a financial decision but a crucial step toward securing a stable and prosperous future. As the world rapidly embraces digital transformation, the evolution of online banking has revolutionized the way individuals manage their finances,…
Read moreMaximizing the Potential of Savings Account
Posted on Wednesday, October 18th, 2023 |
In an era marked by financial uncertainties and rapidly changing economic landscapes, having a savings account is an essential cornerstone of financial stability. It not only provides a safe haven for your hard-earned money but, when utilized correctly, can serve as a powerful tool to help you reach your financial goals faster. Let’s explore how…
Read moreSavings Account for Newly- Weds: Starting Life’s New Journey
Posted on Wednesday, October 18th, 2023 |
The journey of marriage is an exciting and transformative phase in one’s life. As two individuals come together to start a new life together, it’s not just a union of hearts but also a merging of finances and financial goals. One of the first and most crucial steps newlyweds should consider is opening a savings…
Read moreHow Savings Account Can Help You Become Festive Ready
Posted on Monday, October 16th, 2023 |
Festivals bring joy, togetherness, and a sense of celebration. However, they also come with expenses, which can often strain your finances. This is where a savings account can be your best friend, helping you become festive ready without breaking the bank. In this blog, we’ll explore how a savings account can enhance your festive experience…
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