Click here for FIXED DEPOSIT CALCULATOR 1. Introduction: The Deposit Insurance and Credit Guarantee Corporation (DICGC) is a subsidiary of the Reserve Bank of India (RBI) and serves as the primary entity responsible for providing deposit insurance to depositors in Indian banks. Established in 1978, DICGC plays a crucial role in safeguarding the interests of […]
According to RBI, your deposit is secured upto Rs 5 Lakhs by Deposit Insurance and Credit Guarantee Corporation (DICGC) A Fixed Deposit (FD) calculator is a tool that helps individuals estimate the interest earned and the maturity amount for a fixed deposit investment. The formula for calculating interest on fixed deposits is straightforward, but a […]
1. What Are NFTs? Definition: Non-Fungible Tokens (NFTs) are unique digital assets that represent ownership or proof of authenticity of a specific item or piece of content using blockchain technology. Unlike cryptocurrencies such as Bitcoin or Ethereum, NFTs are indivisible and cannot be exchanged on a one-to-one basis. 2. How NFTs Work: Blockchain Technology: Smart […]
The true identity of Satoshi Nakamoto remains unknown. Satoshi Nakamoto is the pseudonymous individual or group of people who created Bitcoin, the first decentralized cryptocurrency, and introduced the underlying technology, blockchain. The identity of Satoshi Nakamoto has been one of the most significant mysteries in the world of technology and finance. Here are some key […]
Introduction: User acquisition is a critical aspect for B2C fintechs aiming to establish a strong customer base and drive adoption of their financial products and services. Sustainable strategies involve not just attracting users but also creating a community, fostering engagement, and ensuring long-term customer loyalty. I. User Acquisition Methods: 1. Digital Marketing: 2. Partnerships and […]
National Payments Corporation of India (NPCI) is an apex organization in India that plays a crucial role in the country’s digital payments landscape. Established in 2008 as a not-for-profit company under Section 25 of the Companies Act, NPCI is owned by a consortium of major banks and is tasked with providing robust and efficient payment […]
Introduction to Debit Cards: A debit card is a payment card that provides cardholders with electronic access to their bank accounts to make purchases or withdraw cash. Unlike credit cards, which allow users to borrow money up to a certain credit limit, debit cards are directly linked to the user’s bank account, and transactions are […]
Introduction to RegTech: Regulatory Technology, commonly known as RegTech, is an innovative and technology-driven approach to managing regulatory compliance and addressing challenges related to risk management within the financial industry. As financial regulations become more complex and stringent, the need for efficient and automated solutions to ensure compliance has grown significantly. RegTech aims to streamline […]
Understanding Neo Banks/Digital Banks: Neo banks, also known as digital banks, are financial institutions that operate exclusively online or through mobile applications, without traditional physical branches. These banks leverage technology to provide a range of banking services, from basic transactions to more sophisticated financial products. Unlike traditional banks, neo banks focus on delivering a seamless, […]
Overview of PayPal: PayPal is a global payment platform that revolutionized online transactions by providing a secure and convenient way to send and receive money. Founded in December 1998 by Max Levchin, Peter Thiel, and Luke Nosek, it became one of the pioneers in digital payments. Over the years, PayPal has evolved into a payment […]