Linking your Aadhaar number to your bank account is an important step to access government subsidies and benefits. It also helps banks verify your identity and keeps your account updated as per regulatory requirements. The process is simple and can …
Banking
- By Fathima
- 10-04-2025
- 4 min read
The Bharat Bill Payment System (BBPS), now known as Bharat Connect, is a revolutionary step forward in payment infrastructure. This unified platform transforms the traditionally fragmented bill payment experience into something remarkably simple and efficient.
Backed by robust …
- By Fathima
- 06-03-2025
- 4 min read
Imagine standing at your bank, ready to open an account, but pausing at a crucial question: a savings account or a current account? This decision might seem trivial, but choosing the right account can greatly impact how you manage your …
- By Fathima
- 10-02-2025
- 3 min read
Managing transactions efficiently is crucial as a business owner—whether you’re paying vendors, receiving customer payments, or handling cash flow. Understanding the RTGS limit and NEFT maximum limits can help you better plan payments, avoid delays, and optimize cash flow …
- By Fathima
- 09-12-2024
- 4 min read
Trust is vital in transactions, especially when large amounts of money are involved. However, relying only on trust can sometimes lead to risks or disagreements. This is where escrow accounts step in to offer a reliable solution. These accounts are …
- By Fathima
- 04-12-2024
- 3 min read
Have you ever faced uncertainty when a bank transfer takes longer than expected to reflect in your account? Such delays can be frustrating, even if they’re common. This is where the UTR (Unique Transaction Reference) number comes into play. As …
- By Fathima
- 02-12-2024
- 4 min read
Have you ever wondered how banks ensure your money reaches the correct account without any errors when making a transaction? The answer lies in a unique identifier called the IFSC, issued by the Reserve Bank of India (RBI). This alphanumeric …
- By Team OPEN
- 04-02-2022
- 7 min read
Everyone will remember the Union Budget 2022 for its brevity. The Budget proposed measures for micro, small and medium enterprises (MSMEs), which contribute over 30 percent to the country’s GDP, to help them recover from the pandemic. Apart from this, …