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Zero Balance Current Account: A Quick Explainer

Razorpay

Powerful current accounts always come with a caveat; a minimum balance requirement. Whether it is a few ten thousand or a few lakhs, most accounts are not zero balance current accounts. Would a zero balance current account really be so beneficial to businesses?

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Checking Account – Meaning & How Does it Work?

Razorpay

What is a Checking Account? A checking account is a type of bank account that allows you to deposit and withdraw money, write checks or use a debit card to make purchases or pay bills. Generally, account holders use these accounts on a short-term basis for paying daily expenses like food bills.

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What is a Merchant Account? How to Get a Merchant Account?

Razorpay

Once you have set up a business account, it is important to set up an online merchant account as well. But what is a merchant account? Let’s read further to learn everything about merchant accounts. Let’s read further to learn everything about merchant accounts. What is a Merchant Account? Wondering why?

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Startup Current Account: The Best Way to Bank for New Age Businesses

Razorpay

Many startup founders initially feel that they can manage their organisation without having a current account. However, sooner than later, they would realise they require a current account to facilitate streamlined withdrawals, deposits and other business transactions. Let’s get right into it. What is a Startup Current Account?

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What are Corporate Accounts? Meaning, Benefits & Types

Razorpay

What is Corporate Account? A corporate account is a bank account one can open in the name of a business. Every small business that is required to pay tax should have a corporate bank account for business banking and its numerous benefits. Read on to learn the vital details associated with a corporate bank account.

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What is Payment Processing? How It Works and Its Advantages

Razorpay

These actions involve secure gateways, banks and consumer accounts to facilitate the exchange of funds for goods and services. It serves as a bridge between the merchant’s point of sale and the financial institution. It plays a pivotal role in safeguarding sensitive information.

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How banks can mitigate cloud security threats

Global Banking & Finance

Furqan Siddiqui, SOC Operations Officer at Obrela As custodians of sensitive financial data, banks and financial institutions face several cloud security threats that demand security controls and mitigation strategies.