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Showing posts with the label BANKING

TYPES OF BANK ACCOUNTS

As we all know that money plays an important role in everybody's life.Nowadays for all purposes such as  education, entertainment,travelling money required. Generally mostly peoples save their larger percent of income in their respective banks.The main purpose behind their saving is to get some extraa money which is known as "INTEREST". But sometimes their normally faces some loss from  banks.So to avoid such situations you should know the various types of bank accounts which is provided by banks. 1.    SAVING ACCOUNT Saving account or basic saving bank bank deposit account[BSBDA] is a basic type of account.It allow us to deposit money , withdraw money and provide security to our money. In this type of account most of the banks have their minimum balance policy in which customer have to maintain some amount to keep their account service . Facilities such as ATM card,online banking services ,Debit card and rupay card are provided for account holders. An...

PAYMENTS SYSTEMS IN INDIA

         PAYMENTS SYSTEMS IN INDIA      Want  to know the payments    systems in india  !!!!!!! So here are the top 10 popular payments systems in india 1. BANKING CARDS  Cards are among the most widely used payment methods and come with various features and benefits such as security of payments, convenience, etc. The main advantage of debit/creditorprepaid banking cards is that they can be used to make other types of digital payments. For example, customers can store card information in digital payment apps or mobile wallets to make a cashless payment. Some of the most reputed and well-known card payment systems are Visa, Rupay and MasterCard, among others. Banking cards can be used for online purchases, in digital payment apps, PoS machines, online transactions, etc 2. USSD USSD basically stands for Unstructured supplementary service data. Aim of  this type of digital payment servic...