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Key Factors That Influence Foreign Exchange Rates

Foreign exchange rates are among the most analyzed watched and governmentally manipulated economic measures. If you want to be actively and successfully participate in the foreign exchange market you must acquire the... Read more »

Beginner’s Knowledge Guide to Trading in Foreign Exchange Market

The Foreign Exchange Trading Market is the largest decentralized global investment market in the world, and it continues to grow annually. It is a market where every currency in the world is... Read more »

Online Money Transaction Methods in the UK

With the increase in the number of online business worldwide, the UK market is irresistible by the giant e-commerce, and super fast payment systems such as a the Near-field Communication (NFC) powered... Read more »

Reimagining Customer Journeys – 3 Essentials

Over the past few years, the need for digital transformation has become widely recognized in banking. And so has the importance of designing contextual multi-channel customer journeys. Customer experience and customer journey... Read more »

Top 8 Pension Plans in the Indian Financial Market

Retirement Plans are also referred to as Pension Plans. They are basically investment plans that help you allocate a portion of your savings to accumulate over a period of time. They are... Read more »

Financial Planning Vs. Wealth Management

People are usually confused between the term financial planning and wealth management. Are you one of them? Both the terms are related to money and sound similar. Financial planning and wealth management... Read more »

8 Ways To Procure Working Capital Financing

If you’re business is in a cash crunch and needs immediate cash to meet day-to-day expenses, a working capital loan will be ideal. Different businesses have different working capital needs depending on... Read more »

Insolvency And Why It Happens: 5 Reasons People Go Broke

Every year, more than 800,000 people declare bankruptcy in the United States. In Canada, a substantial 125,000 Canadians also became insolvent and file either a bankruptcy or a consumer proposal. There are... Read more »

Understanding FIRC, Foreign Inward Remittance Certificate

What is FIRC FIRC (Foreign Inward Remittance Certificate) is a document that is issued by a bank to their customers against all the inward remittances entering India. It can be an advance... Read more »
7 Reasons Why Your Cheque Is Dishonoured

7 Reasons Why Your Cheque Is Dishonoured

Issuing cheques is a very convenient method of making payments. What it requires is just writing the date, amount of money to be paid, name of the person who is to be paid to... Read more »

Difference Between IFSC And MICR Code

Today monetary transactions are not limited to a bank or a country which makes it mandatory for every financial institution to do a verification before processing. To make this process faster banks... Read more »

11 Reasons Why Is There A Cash Crunch In India?

Cash shortage is being reported from all across the country, especially in states such as Andhra Pradesh, Telangana, Karnataka, Jharkhand, Madhya Pradesh, Bihar, Uttar Pradesh and Rajasthan. The cash crunch has already... Read more »

A bank is a financial institution that lends credit to the public and accepts deposits from the public. Most banking systems are closely and highly regulated in all countries. Banking is of different types such as retail banking, commercial banking, and investment banking. In simple terms banking is a system that deals with cash, credit and other financial transactions on a daily basis. Some of the services that make a significant part of the banking system are Savings accounts, Debit Card, Credit Card, Merchant Services, Cash Management, Wealth Management, Insurance, Loans such as home loans, business loans, auto loans, personal loans, and loan against Life Insurance Policy. Banking is a core system that helps people manage their lives better with its financial services. It is a system that is meant to keep any economy monetarily stable at all times.