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Ask Your banking related question i.e. Banking loans, CASA, Debit Cards and Credit cards, banking News etc. This page listed all the queries related to banking and related financial activities including banking news.Know your banking details and updates.
Learn in few easy steps about activation of IMPS (Immediate Payment Systems) in Allahabad Bank. Customer of nationalized public sector Allahabad Bank can make transaction and payment through their mobile using NPCI services i.e. IMPS. Now customer can instantly transfer the money using their mobile where payment are instant. NPCI has fixed a limit to […]
Reserve Bank of India have just launched a Unified Payments Interface (UPI), a Mobile Application enabled payment system for making transaction online to any bank 24X7 without using the account number.Customer of any bank may transact through UPI apps any transaction below Rs 1 lakh, even something as low as Rs 10. Unified payment Interface, UPI services are currently launched by State Bank of India, Punjab National Bank, Canara Bank, Bank of Baroda, Union Bank of India, Bank of India, ICICI Bank, HDFC Bank, Citibank and HSBC Read : How Does RBI Rate Cut Impact EMI of Loan ? How Does Unified payments Interface (UPI) system work ? National Payments Corporation of India (NPCI) who is the controlling authority for Mobile Based Unified Payments Interface has provided the Rupay Based platform for making transaction. It will be as like the existing Visa and MasterCard transaction application which will allows different banks to interconnect and transfer funds through Mobile Banking. In order to send or receive the money through Unified payments Interface (UPI) one need not to have the account number or any MICR or IFSC code. Even Aadhar enable is also not required. Money will be send using the unique virtual ID. The virtual ID could be anything varies as per the requirement of different banks. Click : Bank EMI Calculator – Compare Loan Installment The common process of sending money through UPI, Unified Payments System will be as like below. 1. […]
What are preferential allotments Share ? – Recently “[highlight]preferential allotments Share[/highlight] ” was very much in news, as Government has planned to infuse Rs 25,000 crore in different public sector bank on preferential basis.Read the story [highlight]here.[/highlight] What is Share Allotment on Preferential basis ? In general we define the share allotment on preferential basis […]
How To Do IMPS Fund Transfer in SBI ? – IMPS i.e. Immediate Payment Service , a new initiative for transferring fund immediately to any bank account. The best feature of IMPS is that one can send and receive the money using mobile number also with the help of 7 digit MMID number. This facilities […]
Bank DA Feb 2016 For Employees – This is expected on projected date of CPI of previous two month that the Dearness Allowance for the bank employees would be 42.60% with increase of 3.40% on previous drawn dearness allowance for the month of Feb 2016 to April 2016. Average CPI for Quarter October, Nov, Dec […]
Commercial Papers : A Commercial Paper is a short term security (7 days to 365 days) issued by a corporate entity (other than a bank), at a discount to the face value. b) Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note. c) Commercial Paper normally give a higher return than […]
Money Market refers to the market for short-term requirement and deployment of funds. Money market instruments are those instruments, which have a maturity period of less than one year. The most active part of the money market is the market for overnight call and term money between banks and institutions and repo transactions. It is regulated by RBI. Money Market […]
Different Type of Money Supply in India : There are different type of money in circulation to economy of India. Each and different type of money have their separate value. Find out the different type of money from Mo to M4 or broad money etc circulation in Indian Economy and banking sector. This is very […]
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