If I am a victim of fraud, where can I report the fraud? If you have been a victim of fraud, there are several places where you can report the fraud and seek help. Here are some options: Contact your…
Which person is creditworthy? A creditworthy person is someone who is considered a low-risk borrower by lenders, banks, and financial institutions. A creditworthy person has a good credit history, which indicates that they have been responsible in managing their finances…
What are the functions of RBI (Reserve Bank of India)? The Reserve Bank of India (RBI) is India’s central bank, established in 1935. It is responsible for regulating the country’s monetary policy, managing foreign exchange reserves, and supervising the banking…
What is mean by creditworthiness? Creditworthiness is a term used to describe an individual’s ability to repay a loan. It is a measure of the risk associated with lending money to a particular person and is based on their financial…
How to link bank account with NPCI? Actually, it is not possible to link bank account with NPCI. Almost all banks of India are members of NPCI and member banks can provide the services of NPCI such as UPI, Rupay…
A debit card is a payment card that allows you to access funds from your checking account to make purchases or payments. When you use a debit card, the funds are deducted directly from your account, and you can only…
Using a credit card can offer many advantages, such as convenience, rewards, and protection against fraud. However, there are also some disadvantages to using credit cards, including the potential for overspending and accumulating debt. Here are some of the main…
A credit card and a debit card are both payment cards that can be used to make purchases or payments. However, they work differently and have different features and benefits. A credit card allows you to borrow money from a…
Recurring Payment Meaning – Recurring Payment Meaning : Recurring payments have gained popularity in India as a convenient and hassle-free payment model for both businesses and customers. A recurring payment is an agreement between a business and a customer to…
Repo rate stands for “Repurchase Agreement” rate, and it is the rate at which the central bank of a country (in India’s case, the Reserve Bank of India) lends money to commercial banks. When the central bank lends money to…
