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IFSC Code, How it is used in NEFT,RTGS, Different from MICR, SWIFT

IFSC or Indian Financial System Code is used to identify each branch of a bank in India with a unique identification number. The code is used by all the Indian banks that participate in the NEFT, RTGS, IMPS payment settlement systems. You can find the IFSC code on the...

Difference between NEFT, RTGS, IMPS, UPI

To transfer money electronically between bank accounts in different banks, India currently has various methods to transfer money online such as NEFT, RTGS, IMPS, digital wallets, UPI, and more.  However, the most commonly used fund transfer methods are National...

Kinds of Cheques

A cheque is an important part of banking. It is simple and safest way to carry money. Cashless transactions are on the rise, but India still processes over 90 million cheques per month In this article, we will talk about What is cheque and discuss different types of...

What is Cheque? How to write a cheque? Clearing of Cheque

Other than cash people use various ways to pay in India such as cards, cheques, demand drafts, mobile payment apps, e-wallets and net banking. India remains a largely cash-based economy though Demonetization on 8 Nov 2016 encouraged people to go cashless. Cashless...
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