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Category: Banking

Digital Knowledge Hub

A Brief History of Electronic Money

Electronic money is a recent invention which means that currency with real value can be exchanged for traditional cash; it is instead entirely virtual or digital. It is a new invention in the history of money and commerce. Electronic money only exists in digital format and is primarily based on the internet or smart cards…
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Key Points to Know Before Integrating Payment Gateway in Your App

The world of mobile shopping is progressing fast, with people willing to digitise almost everything they do. Considering all these latest tech-driven facilities including car rentals, taxi rides, Wi-Fi access, accommodation or simpler things like food and clothes, mobile payments have become an inevitable part of human lives. Integrating a well-built payment gateway in mobile…
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What is IMPS

The IMPS (Immediate Payment Service) helps you access your bank account and transfer funds instantly and securely. You can send money using Netbanking on an internet-powered laptop or PC. We enable you to transfer funds from your bank account to any bank account in India. The beneficiary account is credited immediately when a fund transfer…
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RTGS vs NEFT

What is RTGS?   The acronym ‘RTGS’ stands for Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds individually on an order by order basis (without netting). ‘Real Time’ means the processing of instructions at the time they are received rather than at some later time.’Gross Settlement’ means the…
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What is Baroda mPassbook

Baroda mPassbook is a mobile version of the traditional bank passbook. This app, like any traditional bank passbook, provides all the information related to the customer bank accounts (All Savings, Current, OD, Deposits, CC and Loan account details linked with the registered mobile number). This app also provides the customer an option to download the…
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BHIM Baroda Pay

Bank of Baroda presents BHIM Baroda Pay – A Unified Payments Interface (UPI) application that lets you transfer funds from any bank account using a Virtual Payment Address (VPA). No need to remember beneficiary details like account number, IFSC, Mobile Number, MMID etc. Send or Collect money using a Virtual Payment Address. A Virtual Payment…
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Sell PDF Files Online – Selling Documents and Downloads With PayPal

Selling PDF files/documents on the internet through PayPal: “I want to start selling PDF files online but I don’t know where to begin.” “I don’t want to have to keep paying someone else to continue selling PDF files for me.” “What do I need to do to start selling PDF files from my website?” Do…
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Free E-Commerce Website Using Google Sites and PayPal

I started off with the goal of making a website that has no on going costs, minimal transaction fees and low maintenance. The choice of having all features integrated into the one website? or do I manage the website and let a third party do the financial transactions? security is a key to answering this…
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Fixed or Floating? Which is the Better Option?

Whether to choose a fixed rate home loan, which allows you to plan your budget clearly, or to choose a floating rate of interest that provides the benefits of decreased interest rate, is a question that perplexes every home loan seeker. Types of fixed interest loans There are two kinds of fixed rate loans: one…
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Is It Worth Jumping Over the Demonetisation Facts

After the incident of the prohibition of the currency of 500 and 1000 Rupees as on 8th November 2016, there has been too much chaos among the general public, among ruling and opposition parties, between the general public and banking staff and authorities. There are varying opinions from the every section of the society. Some…
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BHIM App – Five Things to Know About It

BHIM app is recently launched money transfer app. People are curious to know about it. Let’s have some facts about this app: BHIM stands for BHarat Interface for Money. It is the redefined version of Unified Payment Interface (UPI). It also supports USSD feature. Means it will also work without internet. BHIM will support normal…
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