Banking Archive

Electronic Funds Transfer

Electronic Funds Transfer Electronic funds transfer belongs to RBI and is recommended by Shere Committee. It gives the facility to give and collect the money electronically. This facility targets the exporters; by the use of this facility

ATM services by banks

ATM services by banks ATM services are widely used by bank to give their customers quick facility to withdraw cash and to know their account balance. ATM services work without the presence of a cashier as clients

Types of Banks

Types of Banks Banks can be categorizing in numerous ways say for example on the basis of their tenure, their utilities and origin like native or foreign bank. The below given classification is made by considering the

Micro Financing – financial services for poor and low income group people

Micro Financing Micro financing is a very emerging financial services to deal with poverty in most of the developing countries. This is most useful services for development of small scale entrepreneur development. Micro financing as the name suggest are

What is Merchant banking ?

What is Merchant banking ? Merchant banking is the financial services to companies in which Merchant banker not only provide company fund for functioning but also take part in management decision making and acts as advisory body. Merchant

What is fixed Deposit

WHAT IS FIXED DEPOSIT FIXED DEPOSIT (FD) is frequently in use financial instrument by banks now a day. FD is nothing but a financial service in which investor gets higher interest on his deposit than regular saving

Interest Rates of Indian Banks

What is rate of interest? When a borrower lends some amount of cash from a lender then the borrower is required to pay a definite additional amount of money over the principal amount money as interest to

What is Core Banking?

What is Core Banking? CORE  Banking stands for “centralized online real-time environment”  Banking. This basically means that all the bank’s branches access applications from centralized data centers. This means that the deposits made are reflected immediately on

Registration Process of Mobile Banking

How mobile banking can make a difference? Mobile phones, 24*7 companions for the mainstream of the community, present huge openings. People can normally do the whole thing. Internet banking is a part of internet banking, provides you

Mobile banking: Banking at your finger tips

Mobile banking is the advancement in banking technology. It can goes along with you. Though European bank started to offer mobile banking in 1999, it was introduced in India in 2008. After that, it has been becoming