How to pick the right health insurance plan?
The Covid-19 pandemic has made people aware of the importance of having health insurance policy. Present situation made every family to have at least minimum level of health coverage. As…
What is Interest? How to Calculate It?
Interest is otherwise called ‘additional cost’ incurred for using somebody else’s money. When you borrow money, you pay interest, at the same time when you lend money, you earn interest.…
What is a Savings Account?
Generally, a Savings Account is one of the traditional services which bank offers to you. It allows you to store your money and earns interest on your savings. What is…
What is IMPS (Immediate Payment Services)?
IMPS – Immediate Payment Services. In today’s scenario everybody wants to do everything in a faster manner. More pacifically, everybody wants to do banking transaction in such a way that…
Real Time Gross Settlement (RTGS)
RTGS stands for Real Time Gross Settlement. It was introduced in the year 2004. It is also one of the Electronic fund transfer system, which facilitates a continuous and real-time…
National Electronic Fund Transfer (NEFT)
NEFT – National Electronic Fund Transfer. In olden days, it was the practice of walking to the bank branch for transacting the fund transfer from one bank to another bank.…