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Blog Collection

How to Use a Current Account for International Transactions

Posted on Tuesday, January 28th, 2025 | By

How to Use a Current Account for International Transactions

If you are a business that has foreign trade on its roster, you would need a  current account to make international transactions often. This can include paying overseas suppliers, receiving money from foreign clients, or handling investments abroad.  A current account designed for international use can make these tasks easier. A well-designed current account comes…

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Category : Current Account

Current Account Clarity: Mastering Bank Statement Analysis Like a Pro

Posted on Tuesday, January 28th, 2025 | By

Current Account Clarity: Mastering Bank Statement Analysis Like a Pro

If you are a business owner, it is highly likely you want to be on top of your finances. Whether you are a sole proprietor of a shop or the owner of a medium-sized business, being aware of the financial aspects of your enterprise is the responsibility of every entrepreneur. Your current account statement can…

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Category : Current Account

What Is The FEMA Regulation In India?

Posted on Monday, December 16th, 2024 | By

What Is The FEMA Regulation In India?

In the globalised era of today, managing foreign exchange is crucial for any economy. India has a burgeoning economy and increasing international transactions. Hence, the government has established FEMA. But, what is FEMA? It is a robust framework to regulate foreign exchange through the Foreign Exchange Management Act. This article delves into the nuances of…

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Category : Current Account

What is ONDC – Open Network for Digital Commerce?

Posted on Monday, December 16th, 2024 | By

What is ONDC – Open Network for Digital Commerce?

The Open Network for Digital Commerce (ONDC) is an initiative by the Government of India to reshape the digital commerce landscape in the country. As e-commerce becomes the norm rather than the exception, the ONDC aims to help businesses of all sizes, especially those left behind, to be a part of the digital space.  ONDC…

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Category : Current Account

Digital Payment Options to Help Grow Your Business

Posted on Monday, December 16th, 2024 | By

Digital Payment Options to Help Grow Your Business

Digital payments have seen a considerable rise in India in the last few years. As per government data, there were 18,737 crore digital payment transactions in India in FY 2023-24. This is a steep rise from a volume of 2,071 crore transactions in FY 2017-18.  As a business owner, you must capitalise on these trends…

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Category : Current Account

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