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Retail Banking

Savings, current accounts, deposits, digital banking, and everyday retail products.

Digital Banking UPI Cards Government Schemes Financial Literacy

Articles

Digital Banking IMPS vs NEFT vs RTGS: Choosing the Right Fund Transfer Method

India offers three main electronic fund transfer rails, each with different speed, timing, and minimum-amount rules. Here is how to pick the right one.

01 Jul 2026 · 2 min read Government Schemes Pradhan Mantri Jan Dhan Yojana (PMJDY) and India's Financial Inclusion Push

PMJDY brought millions of previously unbanked Indians into the formal banking system. Here is what the scheme offers and which related insurance and pension schemes are often bundled with it.

27 Jun 2026 · 2 min read Retail Banking Savings vs Current Account: Choosing the Right Everyday Account

Savings and current accounts look similar on the surface but serve different purposes. Here is how interest, transaction limits, and intended use differ between the two.

25 Jun 2026 · 2 min read UPI How UPI Works: A Beginner's Guide to India's Instant Payment System

UPI has become the default way most Indians pay each other and merchants. Here is what a UPI ID actually is, how QR payments work, and what UPI Lite and AutoPay add.

24 Jun 2026 · 2 min read Financial Literacy Understanding Your CIBIL Score: Why It Matters and How to Improve It

A credit score is a three-digit summary of how lenders see your repayment behaviour. Here is what feeds into it and practical steps to improve it over time.

23 Jun 2026 · 2 min read Cards Debit Card vs Credit Card: Understanding the Difference

Both cards look alike at the point of sale, but one spends your own money and the other extends credit. Here is what that difference means in practice.

18 Jun 2026 · 2 min read

Frequently Asked Questions

Generally no — current accounts are designed for transaction volume, not interest accumulation. Some banks offer sweep-in facilities that automatically move idle current account balances into a linked fixed deposit to earn interest.
IMPS and RTGS both settle immediately; NEFT settles in near-real-time batches. For very large amounts, RTGS is the appropriate rail since it is designed for high-value, real-time gross settlement.
No. The UPI PIN is set separately within the UPI app during registration and is used only to authorise UPI transactions; it is distinct from your debit card ATM PIN.
Not directly — debit card usage generally isn't reported to credit bureaus since there's no borrowing involved. Credit score building typically comes from credit products like credit cards and loans, repaid on time.
No — PMJDY accounts can generally be opened and maintained with a zero balance, which is part of what makes the scheme accessible to low-income and previously unbanked individuals.
Credit bureaus typically receive updated data from lenders on a monthly basis, so your score can change month to month as new repayment and utilisation data comes in.
No. Nomination only tells the bank who to pay out the account balance to for administrative convenience; it does not override the legal distribution of assets under a will or succession law.
Yes, RTGS is intended for high-value transactions and carries a regulatory minimum amount (commonly ₹2 lakh), whereas NEFT and IMPS have no RBI-mandated minimum.
UPI transfers are near-instant and generally irreversible once completed, so always verify the payee name displayed on the confirmation screen before approving a payment.
Block the card immediately through your bank's app, net banking, or customer care helpline, then request a replacement — most banks allow instant temporary blocking to prevent unauthorised use.
Yes. Both PMSBY and PMJJBY are open to any eligible bank account holder within the specified age bracket, not just PMJDY account holders, and are typically renewed each year via auto-debit consent.
No. Checking your own score is a "soft enquiry" and does not affect it. Only "hard enquiries" — when a lender checks your report as part of a loan or card application — can have a small impact.