A fixed deposit (FD) is a type of investment where you deposit a sum of money with a bank for a fixed period of time. In return, the bank agrees to pay you a fixed interest rate on your investment. At the end of the FD term, you will receive the original amount of your investment plus the interest that has accrued.… Read more
RTGS Payments: Real-Time Transfers Explained!
Tags: Banking
RTGS stands for Real-Time Gross Settlement. It is a payment system used for the real-time transfer of funds between banks or financial institutions. In an RTGS payment, the transfer of funds occurs on a “gross” basis, meaning that each transaction is settled individually and immediately.… Read more
The Significance of Cash Reserve Ratio (CRR) in Banking!
Tags: Banking
Cash Reserve Ratio (CRR) is a monetary policy tool used by central banks to regulate the amount of funds that commercial banks must maintain as reserves with the central bank. It is a specified percentage of the total deposits of a bank that must be kept in the form of cash reserves. The primary purpose of CRR is to ensure the stability and liquidity of the banking system and control inflation.… Read more
Demystifying Bank Rate: Understanding its Role in the Economy!
Tags: Banking
Bank rate refers to the interest rate at which a central bank lends money to commercial banks or other financial institutions within a country’s banking system. It is one of the monetary policy tools used by central banks to influence economic conditions and regulate the money supply.… Read more
All About Non-Performing Asset!
Tags: Non-Performing Asset
Non-Performing Assets are loans or advances that have defaulted or are past due. When principal or interest is due or is not, debt is past due. When the lender anticipates that the loan will be terminated and the borrower won’t be able to fulfill their commitments, the loan is said to be in default. The balance sheet of a bank or other financial organization shows risk assets. The lender will have the borrower liquidate all assets promised in the loan contract after a protracted period of insolvency. The lender may write off the assets as uncollectible and then sell them at a discount to a collection agency if no assets have been pledged.… Read more
Bank Locker: Here’s everything you should know to protect your assets!
Tags: Bank Locker
A bank locker is an important way to securely store valuable items such as jewelry, documents, and other important possessions. A bank locker is a safe deposit box that is typically available for rent at a bank or other financial institution. These boxes are typically used to store valuable items such as jewelry, documents, and other important possessions that need to be kept secure. Customers can access their lockers using their own personal keys or with the assistance of bank staff. The availability and cost of bank lockers can vary depending on the bank and location. … Read more
What exactly is a foreign institutional investor?
Foreign institutional investors are the full version of FII. They are organisations formed or registered outside of India that make investment offers in India. Such offerings are often made on behalf of sub-accounts by overseas institutional investors, which can contain international businesses, individuals, and funds.… Read more
Know all about Foreign Exchange Management Act (FEMA)
Have you ever considered why the government needs foreign currency while the people remain in India? Consider someone who lives in India and wishes to travel abroad for work, travel, education, migration, or any cause that necessitates the use of foreign currency. Similarly, if someone lives outside of India and wants to visit here for identical reasons, he or she will require Indian currency. If an Indian resident leaves the country, this is an outflow of foreign currency, and if a person travels to India, this is an influx of foreign currency.… Read more
All To Know About Payment Banks
A financial institution that isn’t a financial institution. This is the core notion underlying the specific form of a Payments Bank. To realize the vision of virtual India, the Reserve Bank of India created the notion of bill banks to increase the penetration of monetary products utilizing reaching areas where actual banks cannot.… Read more
What exactly is RTGS? The fundamentals of RTGS
What exactly is RTGS? : RTGS is an abbreviation for Real-Time Gross Settlement. ‘Real Time’ refers to the processing of instructions at the time they are received; ‘Gross Settlement’ refers to the individual transfer of funds.… Read more
