Core banking refers to the centralized management of most banking functions, including deposit and loan accounts, payments, and transfers.
Mobile App Banking
Mobile banking refers to the use of mobile applications offered by banks to access and manage one's financial accounts on the go using a smartphone or tablet.
Real-Time G In RTGS, the transfer of money takes place in real-time, meaning that the transfer is immediate and final.
Unified Payments Interface (UPI) is a real-time payment system in India, launched by the National Payments Corporation of India (NPCI).
SMS Banking Service
SMS banking refers to the use of text messaging (SMS) to access and manage one's financial accounts. With SMS banking, customers can perform basic banking transactions such as checking account balances, viewing transaction history, and transferring funds, by sending a text message to their bank.
Door Step Service
Doorstep service refers to a service that is provided directly to the customer at their location, such as their home or office. The service provider travels to the customer's location to provide the service, instead of requiring the customer to travel to a physical location to receive the service. This type of service can be convenient for customers who may have mobility issues, time constraints, or prefer to have services provided in the comfort of their own space. Doorstep service is increasingly popular for various services such as other home services.