What is Private Banking? Private banking is a personalized financial and wealth management service provided by banks to high-net-worth individuals…
What is a Letter of Credit? A letter of credit is a financial document issued by a bank or financial…
What is Grace Period? A grace period is the time after the due date of an obligation, typically a loan…
LLCs or Limited Liability Companies are businesses where the owners are protected against business debts or financial losses as the…
All banks today have a presence on the internet. Whether through a mobile app, a website or an internet banking…
What is Current Account? Current accounts are a type of non-interest-bearing bank account used to serve businesses’ day-to-day financial needs.…
The zero balance current account is a popular choice for SMEs. But does your business really need one? Read on to find out!
As of this second, India is the third largest startup ecosystem in the world. Many startup founders initially feel that…
Bank reconciliation refers to the process by which the bank account balance of a business entity is reconciled with the…
Remittance is derived from the word remit which means to send back. What is Remittance? Remittance is the transfer of…