In the age of digitisation, banking transactions have evolved significantly to provide a more efficient and streamlined experience. One such innovation is the UTR (Unique Transaction Reference) number, a crucial element in banking transactions … READ FULL STORY
One-to-one fund transfers are facilitated by NEFT or National Electronic Fund Transfer. Using the payment mode, companies, firms, corporations, and individuals can electronically transfer funds within the country. A bank must be a member … READ FULL STORY
The Reserve Bank of India provides each bank branch in India with a code known as the IFSC. This one-of-a-kind number is a mix of an alphanumeric code and a number, and it is … READ FULL STORY
The two primary networks for settling electronic payments in India are the National Electronic Funds Transfer System (NEFT) and the Real Time Gross Settlement System (RTGS). Everyone should know exactly what an RTGS code … READ FULL STORY
National Electronic Funds Transfer is a system administered by the Reserve Bank of India for electronic funds transfers. This setup has been established and maintained by the Institute for Development and Research in Banking … READ FULL STORY
IFS code is among the important bank details that one may require, when carrying out financial transactions online. IFSC code refers to the Indian Financial System Code. The Reserve Bank of India (RBI) allocates … READ FULL STORY
