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Press ReleaseYearly Archives: 2024
When investors think about low-risk and reliable investments, Fixed Deposits (FDs) and Sovereign Gold Bonds (SGBs) are often the first options considered. While FDs are known for their safety and guaranteed returns, SGBs add a touch of commodity investment through gold. To make an informed investment decision, it’s important to understand the specifics of each…
Tired of bank queues just to open a savings account? Video KYC is here to save the day! Opening a savings account typically involves a lot of steps, with one of the most crucial being the Know Your Customer (KYC) process. This is a mandatory procedure for banks to prevent identity theft, financial fraud, and…
When it comes to transferring money, several electronic methods make the process fast and efficient. Three of the most used systems are NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service). The Reserve Bank of India (RBI) introduced NEFT and RTGS systems, whereas IMPS was launched by the National Payments…
Have you ever performed an online transfer and wondered, “What is an IMPS number and how to check IMPS transaction details?” Immediate Payment Service (IMPS) is a fast and convenient mode to transfer funds. You receive a unique IMPS reference number when you perform an IMPS transaction. This number is essential for tracking your transactions…
IFSC code is a code that uniquely identifies a bank branch and is important for making financial transactions. This 11-character code assists in routing fund transfers efficiently and accurately via NEFT, IMPS, and RTGS systems. Without the right IFSC code, your electronic payment could be delayed or even fail. To perform electronic payments, you must…
