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What is mPIN? mPIN means Mobile Banking Personal Identification Number. It’s a 6-digit passcode you must enter each time you want to conduct transactions. Customers appreciate the mPIN because of the ease of making a transaction. In addition, the mPIN works well for confirming a person’s identity. [adinserter block=”3″] [adinserter block=”4″] What is UPI? The […]
What is Credit Limit? The credit limit of a credit card refers to the maximum amount of credit a bank or other lender will extend to a customer. The credit limit varies depending on the issued card type and the customer’s eligibility. To help you understand in a better way, here’s a credit limit example:
What is PAN Card & PAN Number? Full-form of PAN : Permanent Account NumberPAN Number is a 10-digit alphanumeric Permanent Account Number provided to all Indian taxpayers. It is issued in the form of a laminated PAN Card. The Indian Income Tax Department issues it under the Indian Income Tax Act, 1961. The Central Board
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Plastic money, that is, credit cards and debit cards, has been increasing in use in recent times. Many people prefer to use credit and debit cards instead of cash due to their ease and flexibility. Credit and debit cards also allow you to shop online in a secure manner. Several security measures are used while
CVV Number on Debit Card/Credit Card Read More »
Financial stability is commonly regarded as the foundation of any organisation. When a business is involved in sales or purchases, it is necessary to have a practical accounting system. A range of payment options is now available to customers. Customers can pay by cash or bank transfer for the billed amount. Cheques are one such
A cancelled cheque is a cheque having two parallel lines drawn across it with the word “CANCELLED” written in between. A cancelled cheque leaf confirms that the individual has a bank account and it prevents from being used for further withdrawals from the drawer’s account. A cancelled cheque has the following components in it: A
Unified Payments Interface (UPI) has changed the face of money transactions in India. In the initial days of the Covid-19 pandemic, when people were panicking and making emergency withdrawals, UPI was a saviour. It helped people overcome their worries about money and make and receive payments effortlessly. What is UPI? UPI is a digital instant
UPI Transaction limit Per Day – GPay, BHIM, PhonePe Read More »
With the rise of digital money and transactions, it is important for every individual and business to know what a Virtual Payment Address is. Akin to an email id that is unique to one person and helps send and navigate things, a Virtual Payment Address is a unique ID given to individuals to mark their
VPA – Virtual Payment Address Read More »
What is a Bank Reconciliation Statement(BRS)? A bank reconciliation statement or BRS summarises a business and banking activity that reconciles an entity’s bank account with its financial records. The statement defines the withdrawals, deposits, and other tasks affecting a bank account for a specific period. A bank reconciliation statement(BRS) is a beneficial financial internal control
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What is the full form of UPI Full form of UPI is Unified Payment Interface. What is UPI? UPI is a one-stop shop for all of your banking needs. You can quickly and easily send and receive money using a UPI ID and PIN. With real-time bank-to-bank payments, you can make transactions using just a
UPI – Full Form, ID, PIN, Charges Read More »
