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Why Do Banks Need Special Approaches To Manage NRI Banking?
Posted on Tuesday, February 27th, 2024 |
As Non-Resident Indians (NRIs) increasingly look for investment opportunities in their home country, banks must develop special approaches to cater to this segment’s unique needs and preferences. IndusInd Bank offers different types of NRI bank accounts that NRIs can choose from. As the world becomes increasingly globalised, more and more people are moving across the…
Read moreKnow the Different Types of Credit Scores
Posted on Monday, February 26th, 2024 |
In India, credit scores have a substantial influence over various financial transactions, from securing loans to renting accommodations. Understanding the diverse range of credit scores prevalent in the country empowers individuals to manage their finances effectively. Let’s delve into the various types of credit scores. CIBIL Score The Credit Information Bureau (India) Limited, commonly known…
Read moreWhat are FASTags, and How Can It Help to Track a Vehicle?
Posted on Monday, February 26th, 2024 |
FASTags facilitate quick and convenient toll payments across state and national highways in the country. First introduced in 2014 as a cashless model to allow digital payments at toll booths, it uses Radio Frequency Identification (RFID) technology to automatically deduct payments from the linked prepaid account. Using this technology, FASTag can also help businesses and…
Read moreGuidelines to Transfer Money from Abroad to India
Posted on Saturday, February 24th, 2024 |
NRI remittances are transfers of money from abroad to India through authorised providers approved by the Reserve Bank of India. Such transfers are known as “inward foreign remittances” or “inward remittances.” For instance, if you live in London and regularly send money to your family in India, the money they receive every month would be…
Read moreHow will FASTag mandating affect India?
Posted on Friday, February 23rd, 2024 |
FASTagis an easy-to-use tag affixed to your vehicle’s windshield. It eliminates the need to pay in cash at state and national highway toll booths, streamlining the travel experience. Mandated for four-wheelers in 2021, FASTag has since resulted in many benefits for Indian consumers – reduced congestion, traffic, and waiting times. Apply for a FASTag with…
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