What is Doorstep Banking in a Current Account and How Does it Work?

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Imagine handling your bank transactions without stepping out of your office or home. Sounds convenient, right? This is the main benefit of doorstep banking offered by a current account. Doorstep banking services ensure that customers, especially business owners, can perform essential banking tasks from the comfort of their home. Whether it is cash deposits, cheque…

What are the Key Uses of Current Accounts?

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In the world of finance and business, current accounts play a pivotal role in facilitating smooth and efficient financial transactions. They are indispensable for businesses and individuals who require frequent access to funds. To use a current account optimally, you need to be aware of what a current account’s features are and how they can…

What is Digital Rupee (e-Rupee)? How Does It Work?

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The financial vertical is witnessing a transformation, and India is at the forefront with its introduction of the digital rupee, also called the e-Rupee. This innovation represents a considerable leap toward modernising the financial system. But what exactly is the digital rupee and how does it differ from other forms of money used today? Explored…

What are the Advantages & Disadvantages of a Debit Card?

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A debit card is a financial tool linked directly to your bank account that allows you to electronically spend your money at retail stores and online. Often, it’s also referred to as an ATM card, since it allows you to easily withdraw cash from your account through ATMs across the country. Given their importance in…

What is an OTP Number?

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Have you ever been asked for an OTP number during an online payment and wondered what it is? If you have found yourself asking, “What is my OTP code?” or “What is the full form of OTP?” you are not alone. OTP stands for One-Time Password. This is an important security feature in digital banking…