Understanding RTGS and Its Importance in Banking

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The need for a secure and efficient payment settlement mechanism in India led to the introduction of real-time settlement – RTGS. This fund transfer option has become a cornerstone of modern banking over time. RTGS system helps to facilitate time-sensitive, large-value payments instantaneously.  RTGS Definition: Meaning and Full Form The full form of RTGS is…

What is NEFT? A Complete Guide

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Imagine this: you are on your way to the office on the train, and you realise that you must pay the maintenance bill by the end of the day. Instead of panicking, you can take out your phone and pay with the help of online banking. Mobile banking apps provide the same services as regular…

Managing money isn’t just about saving. It’s also about knowing where to save. For most of us, the choice often comes down to two familiar options: a savings account or a fixed deposit. They both help you grow your money, sure—but they’re built for different kinds of savers.  So, which one’s right for you? That…

Understanding the Benefits of Auto-Renewal Fixed Deposits

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Fixed deposit is one of the most preferred and reliable investment options sought by individuals seeking stability and guaranteed returns. The reason for their popularity is the security and guaranteed returns they offer on the invested amount. Nowadays, the financial market has numerous lucrative products, be it systematic investment plans, unit-linked investments, or traditional fixed…

Leveraging Savings Accounts for Long-Term Financial Planning

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In today’s fast-paced world, where financial stability is paramount, strategic planning is crucial. One of the fundamental pillars of a robust financial plan is a reliable savings account. It serves as a cornerstone for managing day-to-day expenses, emergency funds, and, most importantly, long-term financial goals. In this blog, we’ll explore the significance of savings accounts…