As a modern-day consumer residing in a developed nation, you’ve likely devoted a significant portion of your life thus far to your smartphone and computer. Reflect on it: you make purchases and access services via mobile apps. Similarly, you store your photos securely in the cloud using platforms like Google, Dropbox, or Microsoft. Moreover, you …
NEO Banks vs Traditional Banks: What’s the Difference? Read More »
In the field of international economics, a term that frequently comes forth is the ‘current account deficit’. It’s a concept that influences global trade and economic stability, yet it’s often misunderstood. In this article, we will look into current account deficit meaning, its causes, components of current account deficit definition, and many more things. What …
Current Account Deficit: Meaning & How Does It Work Read More »
Managing your finances efficiently is important for financial stability and growth in today’s fast-paced world. Regarding this, individuals use two primary types of bank accounts for their everyday banking needs that is current account and savings account. No doubt, both serve the purpose of storing your money and facilitating transactions, but they differ significantly in …
Difference Between Current Account And Savings Account Read More »
Every nation engages in international trade to fulfill the needs of its citizens. The current and capital account constitute crucial elements within a country’s balance of payments system. Both these accounts monitor interactions between a country’s residents and the global community, specifically focusing on international trade. In this article, we will delve into the difference …
Current vs. Capital Accounts: What’s the Difference? Read More »
The Reserve Bank of India aims to boost its credit discipline. Therefore, on October 29, 2021, it introduced new RBI guidelines for opening current accounts. By reviewing and revising the RBI guidelines for current account with the bank, it has altered a few changes. Now, the borrowers can create a current account without limitations on …
Which type of account —a checking account or current account—is best for you if you’re new to banking? However, did you know that a checking and a current account are synonymous with each other in many ways? A checking account is sometimes known as a current account or a transactional account. One or more individuals …
Checking Account vs. Current Account: What’s the difference? Read More »
If you visit a bank, you will notice they have different counters. Each counter or dedicated department caters to different people’s needs to ease their banking experience. Similarly, in India, there are 4 different types of bank accounts. They are savings, current, fixed deposits, and recurring accounts. Each of them serves a specific audience and …
Current Account Benefits : Know The 5 Benefits of Current Account and its Features Read More »
What is Business Banking? Business banking, commonly known as commercial banking, relates to the financial dealings that a company has with a financial institution. Business banking is essentially personal banking tailored to the needs of businesses. This applies to items like business loans, credit cards, bank accounts, and savings accounts. In such form of banking, …
Business Banking: Meaning, Types, Benefits and Services Offered Read More »
Setting aside money for the future is sensible. But storing the hard-earned money at home may expose them to the risk of theft or damage in the event of a natural calamity. The best way to safeguard the money is to open an account with a bank. In India, citizens have the option to open …
What is a Current Account? Meaning, Types, Features & Benefits Read More »
Transactions in traditional banks could involve a lot of time. In the recent past when individuals have become accustomed to ultra-fast 5G internet connections, the prospect of spending long hours in a bank just for a transaction to be processed can be quite exasperating. So, fintech companies are now offering customer-centric services through electronic channels. …
What is Neo-Banking? Meaning, Features, Benefits & Type Read More »
