In recent years, Online Banking has emerged as the most popular way to the bank. Thanks to this facility, you can now operate some tasks remotely without physically visiting the bank.

From the online mode, Mobile Banking has emerged as a surprise package. If you are new to Mobile Banking or an old hand, here are the benefits that help you understand what makes this a famous facility. Read to know more about it:

Convenience

Check your account balances,…

When you decide to open a Bank Account, you instantly think of Saving Account. This article guides you through some of the essential features of the account, especially if you open it via an online platform. Read to know more:

No monthly maintenance fees

Service or maintenance fees reduce your savings further. This account does not come with additional charges.

Instant Account opening

Most banks opt for…

India is one of the few countries that offer higher returns on financial instruments globally. A Fixed Deposit is one such instrument. Hence, international investors prefer growing their wealth in India. With the increasing number of Indians shifting abroad, such investments are soaring. This is a specialised account available for Non-Resident Indians known as NRI Fixed Deposit.

You…

Foreign exchange or Forex has always been an exciting topic in India. But what you should know is how to exchange foreign currencies in India. Foreign currency exchange in India consists of two categories: buying and selling foreign currency. You buy foreign currency while going abroad and sell it on your return to India.

You can avail of online money exchange services for converting USD to…

Everyone aspires to improve their quality of life. This involves getting a home, car, luxuries items, etc. But they get constrained by their financial status. If you face a similar struggle, there are several credit options for help. They lend you the required funds to realise your desires. The most famous avenue is a Personal Loan as it comes with flexible terms, no collateral requirement, and unspecified use. This…

The hassle of arranging for change to pay shopkeepers has become outdated. Your smartphone is your companion and wallet. It allows you to roam cashlessly and fulfils all your financial needs. Whether you pay for food or utility bills, online payment is the trend everyone follows.

The Unified Payment Interface is a mobile payment method allowing you to transfer funds between Bank Accounts without additional charges. Ever since the…

Primarily banks offer different investment instruments to help you save and earn interest. When you open a Deposit Account in a bank, you become a depositor or account holder. You deposit a certain amount every month or quarter to earn interest. There are different tenures and limits for investment like monthly, quarterly, half-yearly, and yearly.

A Fixed Deposit Account holds money for a fixed period. In return, the bank pays interest on it. You cannot withdraw money in the…

Strategic portfolio management is a set of business procedures and competencies to decide the best investments for achieving the organisation's overall strategy.

Strategic portfolio management establishes a global, enterprise-wide strategy, together with its goals and expected outcomes. It delivers them over time through initiatives, products, and services that alter the organisation in the desired…

Investments can sometimes be binary. If you want good returns over the long term, you should invest in Equities. On the other hand, invest in Debt instruments if you want to safeguard your portfolio and protect it from downside risks. This binary relationship stems from your desire to earn optimal risk-adjusted returns.

Equities are excellent vehicles for long-term growth, whereas Debt Funds provide portfolio…

While earning money is essential for all individuals, learning to maximise returns is intelligent to deal with finances. Your future and lifestyle depend on several factors, including how you spend and save money. It is essential to keep track of and balance your expenses and income. With the rise in costs, you need to make wise financial decisions to meet your goals.

Equity Linked Savings Schemes or…

Mutual Funds are perfect for investors looking for professional management of their investments at a nominal cost. They offer plenty of schemes like Equities, Debts, etc., and each of them makes investments according to your objective. You can select suitable schemes based on your needs and by matching the goals with them.

A team of fund managers professionally manages Mutual Fund Investment. They make investment decisions and ensure the fund adheres to the investment objective. The…

Transferring money as cash, cheque, bank draft, or money order is too old in today's technology-driven world. While conventional techniques seem less prevalent than speedier technological methods for transferring money between accounts, states, and even countries, this does not rule out the possibility of using them.

Furthermore, if cost is your primary issue, there are low-cost money transfer methods, with the lowest method varying based on your needs. Many other transfer services,…

Usage of Mobile Banking is growing as it provides ease, flexibility, and speed while processing transactions. Most in India are doing away with traditional banking and adopting this method. Almost every private sector bank and PSU banks have an app to do banking transactions on the go. It removes the need for a computer, laptop, and physical visit to the bank.

Once you install a banking app on your mobile, you can carry out…

With the rise of the internet and mobile applications for financial transactions, Digital Banking frauds have gone up. As our country moves towards the digital and paperless economy, many seek Mobile Banking services each day. With the ease and accessibility of online transactions comes many unwanted threats that pose a significant risk to your confidential financial information.

So, here are the most popular digital frauds doing the rounds in India.

Fake Mobile Banking…

The Indian e-commerce market is booming because of frequent acquisitions, and more and more Indian customers are switching from traditional retail shopping to online shopping. These include payment methods such as Mobile Banking, Debit/Credit Cards, Mobile Wallets, UPI, etc. This necessitates a growing demand for understanding how to protect online payments.

While technology has made managing our daily costs easier, every innovation also has its cons. This surge in digital payments…

With more Indians moving overseas, India is one of the top places receiving maximum funds. But if you are unaware of what it means and how to search for the service that does money transfer to India providers, here is how it gets done.

How to remit money to India?

Remit means to send money to India, and remittance means the way you send it. A few years ago, there were only a few ways to…

People find it tough to save a fraction of their regular income monthly. It becomes difficult because you have the habit of spending more on what you want than just what you need. Most of the time, you end up spending your savings on something. Hence, Deposit Accounts come to your rescue in such situations.

A Recurring Deposit is a financial product offered by banks. Each month, you…

Today's fast-paced world is surrounded by technology. We are accustomed to accessing almost everything at our fingertips. This has given rise to the popularity of Mobile Banking. Banks have been making improvements with every update to equip their customers better. As a result, you no longer need to visit the physical branches. Most banking activities get quickly completed through your handsets.

While most of us use online banking services, we are unaware of all the aspects involved.…

One of the loans quickly disbursed by most banks and non-banking financial companies today is Personal Loans. You can apply for them in the morning, and they get approved by evening be it any mode online – net or banking apps. You need not even visit the lender’s branch for application as the process gets done online with minimal documentation. Fill the desired form, attach the documents, and send the application. 

But it is the lenders who decide the amount and …

Banks offer a gamut of options for depositing your idle funds. The most basic product is the Savings Account. It lets you save up and easily access your finances whenever you want. However, it offers a modest interest and is mainly meant for easy fund accessibility. From an investment perspective, you get a Fixed and Recurring Deposit Account.

Both are Term Deposits offering fixed…