The Fiscal Deficit of India for April and May was recorded at 8.2% of the budget estimates (BE) as against 59 per cent during the same period during last year. The deficit was 30 per cent less than the previous year's ...

Cancelled Cheque Meaning A Cancelled Cheque is a cheque that is crossed with two lines and has the word 'cancelled' written across the cheque. A cheque may get cancelled due to the mistakes made at the time of writing a cheque ...

A Cheque is a negotiable instrument that instructs a financial institution to pay a specified sum of amount from a specified transactional account held in the drawer's name with that financial institution. In other words, it acts as a promissory note ...

Most of the banks in India uses several negotiable instruments like cheque, bills of exchange to receive and transfer fund from one customer's account to another of from one bank account to another and so on. One such instrument which is ...

FASTag was introduced by the Government of India in 2017. FASTag is a Radio Frequency Identification Technology (RFID) introduced by the Ministry of Road Transport and Highway to keep scrutiny of several inconveniences for both individual drivers and the nation at ...

The introduction of the digital wallet has bought in a sea of change in the way we conduct financial transactions. Over the last few years, many digital wallets have been introduced in India to promote cashless payments. One such money wallet ...

The IFSC Code or the Indian Financial System Code is an identification code used for the identification of a specific bank's branch. This code will have a unique 11-digit code. The code will be assigned by the Reserve Bank of India ...

A credit card is one of the best tools used for making purchases when one seems to have run out of their budget. Using a credit card, the cardholder can easily avail the credit line which allows the individual to purchase ...

The introduction of ATM Card (automated teller machine card) has eased the life of the common man. Earlier for every purchase, one had to carry cash with them but since the introduction of ATM card, the consumers can shop without having ...

The Life Insurance Corporation of India or LIC is one of the most trusted brands when it comes to insurance. The LIC has a range of life insurance products, each designed to meet a certain set of requirements of the policyholder ...

It is always safe and better to be aware of the exact balance the customer holds in their respective savings bank account. It is a good habit to check the available balance in one's savings bank account before issuing a cheque ...

The improvement in technology has bought in an array of changes in the field of the banking system. One such change is the introduction of credit cards. A credit card is a small metal card also referred to as plastic money ...