REFERENCE Archive
Immediate Payment Service (IMPS)
Immediate Payment Service (IMPS) is a robust and real time payment service that has transformed the payments and settlements systems in India. The facility was launched by the National Payments Corporation of India (NPCI) on 22nd November,
23 Apr 20
CategoryBanking Awareness, Digital Banking Products, Everything About
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Digital Channel Enablers for Payments and Settlements
Digital channel enablers worked miracles in India and succeeded in making digital banking transactions the first choice for payments and settlements. Competition among banks to delight customers through better banking experience popularised the digital channels and digital
Digital Channels for Payments & Settlements
Digital channels and Digital banking have transformed banking and investments across the globe. Indian banking system too has embraced digital channels for payments and settlements. In fact digital revolution has taken the country by storm. Like in
Emergency Fund – Recurring Deposits and Debt Mutual Funds
Emergency fund always come to fore whenever economic slowdown, market volatility and liquidity crunch occurs. Bank recurring deposits and debt mutual funds are the best options for building up an emergency fund. What is an emergency fund?
20 Apr 20
CategoryFixed Deposit Interest Rate, Investment Guide, Mutual Fund, Quick Reference
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LTRO – Long Term Repo Operations by RBI
LTRO, Long-term repo operations, is a new liquidity tool announced by the Reserve Bank of India to stimulate the Indian economy. RBI, the central Bank of India, announced the measures on 6th February, 2020. LTROs are effectively
ICICI Pru Liquid Fund for Emergency Fund Creation
ICICI Pru Liquid fund, is a debt mutual fund that can be opted by an investor to create the emergency fund, through SIP or lumpsum mode. An emergency fund is the savings set aside to cover unexpected
IDFC Dynamic Bond Fund as Emergency Fund
IDFC Dynamic Bond Fund is suitable for investors with medium to high risk appetite for emergency fund creation. Emergency fund enables the investor to face financial emergencies in a more efficient manner. The most preferred routes for
Kotak Banking and PSU Debt Fund as Emergency Fund
Kotak Banking and PSU Debt Fund, is a good debt mutual fund that can be preferred by an investor to create the emergency fund. An emergency fund is the savings set aside to cover unanticipated financial emergencies
General Lien and Particular Lien
Lien is defined as the right possessed by a person to retain or detain the goods or property belonging to another person for the non-fulfillment of an obligation by that other person. Two kinds of lien are
Different Types of Mortgages-A Comparison
Mortgage is defined as transfer of interest in specific immovable property for the purpose of securing the payment of money advanced or to be advanced by way of loan, an existing or future debt or the performance