Banking &amp; Finance

Types of Business Loans in India

From term loans to working capital, Mudra and CGTMSE-backed loans, businesses have many financing options. Learn the main types and what each is for.

CIBIL Score: what it is and how to improve it

A CIBIL score (300–900) reflects your creditworthiness and affects loan approvals and rates. Learn what impacts it and how to improve a low score.

Current Account vs Savings Account: which does your business need?

A savings account is for individuals and earns interest; a current account is built for high-volume business transactions. Compare the two and know which to open.

NEFT vs RTGS vs IMPS vs UPI: which to use when

India has four main electronic transfer systems. Compare NEFT, RTGS, IMPS and UPI on speed, limits and use cases so you pick the right one.

Mudra Loan (PMMY): Shishu, Kishore and Tarun explained

Mudra loans provide collateral-free finance to micro enterprises in three categories. Learn eligibility, loan amounts, and how to apply under the PM MUDRA Yojana.

NAV (Net Asset Value): meaning and full form

NAV is the per-unit value of a mutual fund, calculated as total assets minus liabilities divided by units outstanding.

IFSC (Indian Financial System Code): meaning, full form and uses

IFSC is an 11-character code that uniquely identifies a bank branch in India's electronic payment systems. It is required for NEFT, RTGS and IMPS transfers.

Letter of Credit (LC): how it works in trade

A letter of credit is a bank guarantee of payment used in trade, especially exports and imports. Learn the parties involved and how an LC transaction flows.

MICR (Magnetic Ink Character Recognition): meaning, full form and uses

MICR is a 9-digit code printed on cheques that identifies the bank and branch, enabling faster automated cheque processing.

SIP (Systematic Investment Plan): meaning and full form

An SIP is a method of investing a fixed amount regularly in a mutual fund, averaging cost over time and building discipline.

Bank Guarantee: types and uses

A bank guarantee assures a beneficiary that the bank will pay if the applicant defaults. Learn the difference between financial and performance guarantees.

NEFT (National Electronic Funds Transfer): meaning, full form and uses

NEFT is an electronic payment system that transfers funds between banks on a near-real-time basis, available 24x7 with no minimum or maximum limit set by the RBI.

Fixed Deposit vs Recurring Deposit

FDs invest a lump sum for a fixed term; RDs build savings through monthly deposits. Compare returns, liquidity and taxation of both.

RTGS (Real Time Gross Settlement): meaning, full form and uses

RTGS settles high-value interbank transfers in real time, transaction by transaction. It is generally used for amounts of ₹2 lakh and above and is available 24x7.

Types of Cheques and Cheque Crossing explained

Cheques come in several types — bearer, order, crossed, post-dated. Learn what each means and how cheque crossing protects payments.

IMPS (Immediate Payment Service): meaning, full form and uses

IMPS is an instant interbank electronic fund transfer service available 24x7 through mobile, internet and ATMs, operated by NPCI.

Payment Gateway vs Payment Aggregator: what businesses need

To accept online payments, businesses use payment gateways and aggregators. Learn the difference, and how RBI regulates aggregators.

UPI (Unified Payments Interface): meaning, full form and uses

UPI is a real-time payment system that lets users link bank accounts to a mobile app and send/receive money instantly using a virtual payment address, built by NPCI.