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It is a term referred to as a contract between the Policy Holder and the assurer in which the insurer promises for a designated beneficiary payment of sum of money in exchange for premium when the person who is insured dies. Depending upon the contract related to the Insurance, several events like Periodical or Serious […]

It is a deposit account which is present in retail bank that mostly pays interest but still not to be used directly as money in the sense of medium of exchange. These accounts help the consumers in setting aside their liquid assets when it comes to earning of monetary return. Although, you can withdraw the

It is the Indian payment card which is issued to every citizen holding bank accounts and satisfying the age limits. These helps the user having card to pay to the merchant easily from several goods and services on the basis of the promise of the card holder to the card issuer to pay back the

Acquiring a house or home for yourself whom you can proudly call as your “Own House” is quite a very difficult task and life time decision. It needs lot of planning, researches and including a large finance. Home Loan is a loan offered against the security of property which is then funded by the Bank

It is the process of identify the business and also verify the client’s identity and is known as Know Your Customer (KYC). This is also used to refer to many anti money laundering and banks regulations which deals in governing these activities. The main objective of this term is prevention of Banks from intentional or

There are some tips which may helpful in securing your ATM or Debit Card from fraudulent use. You can check and go through the below tips for making safe transactions from your debit or ATM cards. You should change your ATM card pin regularly or after one or two weeks. After getting your card, sign

The Financial System of India has a code which we called as IFSC code. It is a 11 character unique code which is used for identifying the branch name and the bank in which our account is held. The two national payments ATM we have which is NEFT and RTGS uses this unique IFSC code