Razorpay

MARCH 27, 2024

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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Razorpay

JULY 11, 2023

What is a Current Account? A current account is a kind of deposit account for individuals and organizations that deal with a huge number of transactions. The scale of these transactions is too large for a regular savings account. Read more: What is a Current Account? What is RazorpayX?

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OfficeHours

JUNE 12, 2023

Through a private equity internship, you will be exposed to high-stakes, complex financial transactions and gain valuable experience in investment analysis, deal structuring, and portfolio management. This includes questions related to LBO modeling, multiples valuation, and basic accounting / financial statement analysis.

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Private Equity Equities Investment Valuation 147

Razorpay

SEPTEMBER 22, 2023

The Unified Payments Interface (UPI) is a game-changer technology for digital payments, allowing users to make instant payments, check account balances, and manage multiple bank accounts in a single app. The purpose of UPI The primary purpose of UPI is to provide a unified and simplified platform for facilitating digital transactions.

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Razorpay

FEBRUARY 13, 2024

In India, IMPS and UPI have emerged as widely used electronic funds transfer methods, revolutionising the way people conduct financial transactions. IMPS known for its speed and simplicity, facilitates seamless money transfers between bank accounts. IMPS allows you to transfer funds up to Rs. What is IMPS ?

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Funds Accountant Banking Bank 52

Wall Street Mojo

JANUARY 17, 2024

Statement of Cash Flows Definition A Statement of Cash Flow is an accounting document that tracks the incoming and outgoing cash and cash equivalents from a business. It helps identify the availability of liquid funds with the organization in a particular accounting period.

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Peak Frameworks

MAY 23, 2023

Bookkeepers are the backbone of an organization's financial health, diligently tracking every financial transaction to ensure accuracy and transparency. They play a pivotal role in not just recording but also making sense of the company's financial data. Recording financial transactions.

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Razorpay

JULY 2, 2024

Addressing this challenge involved simplifying international financial transactions, making costs clear for clients, and improving transparency in cross-border fund transfers. All this was possible for Satrang only by one optimal solution – Razorpay MoneySaver Export Account.

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Razorpay

OCTOBER 25, 2024

Offering a broad range of services, from mutual funds to intra-day trading and derivatives, Rupeezy needed a payment partner who could handle the complexities of financial transactions. SEBI requires every transaction initiated by a customer must be made from their registered bank account. The Hurdle?

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Razorpay

JULY 29, 2023

If you’ve ever transferred money online, changed your ATM Pin on an app, or gotten an email copy of your account statement, you’ve enjoyed the benefits of e-banking. E-banking/Electronic banking allows us to perform financial transactions and other operations online seamlessly. You swipe your card and ping!

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Razorpay

NOVEMBER 5, 2023

You must be familiar with the term ‘IFSC Code’ if you have transferred funds to another bank account. IFSC helps uniquely identify the bank and the branch where the beneficiary account is located. It ensures that the funds are transferred to the correct bank account and avoids any errors or delays in the process.

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Electronics Banking Bank Accountant 52

Razorpay

MAY 27, 2024

It is a centralized system that allows customers or businesses to carry out transactions from any branch rather than only from the branch where the account was opened. With a robust CBS, banks can manage various account activities like deposits or withdrawals, loans, payments, information like account balance and more.

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Razorpay

NOVEMBER 30, 2023

Instead of reaching for cash or writing cheques, we can now effortlessly transfer funds electronically with just a few clicks or taps. Besides, electronic payment systems have revolutionized the way we handle our finances, making transactions quicker, more efficient, and accessible to anyone with a bank account.

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Razorpay

JUNE 8, 2023

Apart from being a safe place to keep money, banks also provide savings accounts that give the account owner interest on their deposit so that the money is not sitting idle. Businesses store money in checking accounts or current accounts. These are special accounts designed for the financial needs of a business.

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Wall Street Mojo

JANUARY 16, 2024

A reconciliation statement refers to the banking summary prepared by the banks to list down the bank’s account balances and compare the same with their internal records. read more to have parity in the books of accounts of both legal entities. It keeps accounts up to date and helps simplify accounting errors and theft.

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Razorpay

DECEMBER 20, 2023

Debit Card Payments Debit cards allow you to make transactions by deducting funds from your bank account. Limited funds: You can only spend what’s in your bank account. Record-keeping: Transactions are recorded, aiding in budgeting. But, you need to reload them with funds, which can be inconvenient.

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Accountant Business Bank Banking 52

Razorpay

MARCH 28, 2025

Scammers manipulate invoices to trick companies into making payments to fraudulent accounts. These scams can lead to financial losses, disrupt operations, and damage relationships with vendors. Understanding how invoice fraud works and implementing preventive measures is crucial for safeguarding your business against financial fraud.

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Razorpay

MAY 23, 2023

Corporate banking provides businesses financial services like account holding, loans, capital, vendor management, and more. Corporate Banking vs Retail Banking Retail banks cater to the needs of individuals and the smallest businesses – providing savings accounts, deposits, and loans. Get your corporate account now!

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Peak Frameworks

SEPTEMBER 12, 2023

A classic case of both accounting fraud and corporate malfeasance, it led to the bankruptcy of the Enron Corporation and the dissolution of Arthur Andersen, one of the five largest audit and accounting partnerships in the world. Embezzlement Distinct from common theft, embezzlement involves misappropriating funds placed in one's trust.

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Accountant Finance Finance Investors 52

Razorpay

AUGUST 11, 2024

By connecting merchants, banks, and card issuers, it enables seamless processing of credit, debit, and other electronic transactions. These networks act as intermediaries, ensuring secure and efficient transfer of funds. When a transaction is initiated, the network verifies the details.

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Razorpay

SEPTEMBER 17, 2023

It is a platform that connects your bank account to the platform where you need to transfer money. A payment gateway authorises you to conduct an online transaction through different payment modes like net banking, credit card, debit card, UPI, or the many online wallets that are available these days. What is a Payment Gateway?

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Banking Bank Financial Institution Accountant 52

Razorpay

NOVEMBER 19, 2024

NACH mandate cancellation is an important process that every account holder should understand. The system serves multiple purposes payments of subsidies, pensions, salaries, dividends, and regular consumer transactions such as bills, EMIs, and loan payments. The mandate is a formal authorisation given to banks and institutions.

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Razorpay

OCTOBER 27, 2023

Payment security refers to the processes and practices used to safeguard financial transactions, funds and personal information of clients from threats like online and offline payment fraud, unauthorized access, and data breaches. You have the right to dispute suspicious charges on your card or accounts.

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Razorpay

OCTOBER 3, 2024

This includes initiating and processing payments, fraud detection, compliance, handling disputes, resolving issues, managing international transactions, reconciliation, and accounting. It involves integrating various elements to ensure efficient and secure financial transactions.

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Bank Banking Business Accountant 52

Razorpay

DECEMBER 20, 2023

Payment reconciliation is an accounting process that serves as the bridge between a company’s internal financial records and its bank statements. This reconciliation is essential because it validates account balances and ensures that the company’s financial records accurately reflect its financial transactions.

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IT Business Financial Transaction Accountant 52

Razorpay

DECEMBER 5, 2023

This feature allows businesses to see all their transactions and settlement data on the Razorpay dashboard. It acts as a single source of truth for all financial transactions across payment gateways, providing complete visibility and speeding up decision-making.

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Business Accountant Finance Finance 52

Razorpay

OCTOBER 31, 2023

Export vs Import Payments Export payments are the financial transactions that occur when a country or entity sells goods, services, or assets to foreign customers or buyers. Import payments refer to the financial transactions that occur when a country or entity purchases goods, services, or assets from foreign sources.

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Bank Banking Financial Institution Business 59

Sun Acquisitions

FEBRUARY 20, 2024

However, like any financial transaction, it comes with its own set of risks and complexities. This blog post will explore the critical aspects of due diligence in seller financing deals and what buyers must know to ensure a successful transaction. It offers flexibility in structuring the deal and potentially lower upfront costs.

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Peak Frameworks

SEPTEMBER 19, 2023

With numerous currencies and no standardized transaction method, international financial transactions were a logistical nightmare. The two banks then sort out the actual fund transfer behind the scenes. Consider the issue banks faced in the 1960s and 1970s with the European Union’s formation.

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IBG

FEBRUARY 6, 2024

They don’t fully understand where the funds went. Informed expectations and being prepared to help manage the factors through closing go a long way in ultimately preserving the seller’s joy in completing what is often the biggest financial transaction of their life.” Professional Fees and Taxes.

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The TRADE

APRIL 30, 2024

Over the past two decades, several critical financial market regulations have been implemented globally, particularly in response to the 2008 Global Financial Crisis (GFC). The years following 2008’s GFC experienced continued financial regulatory reform.

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Financial Institution Financial Market Risk Management Bank 69

Razorpay

FEBRUARY 27, 2025

In today’s fast-paced financial world, businesses and individuals have various options for transferring money electronically. While both serve the purpose of moving funds from one bank account to another, they have distinct differences in terms of speed, cost, security, and use cases.

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Funds Accountant Bank Banking 52

Razorpay

JANUARY 27, 2025

In the world of digital payments , ACH debit has emerged as a reliable and cost-effective method for businesses and individuals to send and receive funds electronically. It revolves around the concept of pulling funds directly from a payer’s bank account, as authorised by the account holder.

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Razorpay

NOVEMBER 10, 2024

The payment settlement is a process in any financial transaction where the issuing bank transfers funds from the cardholder’s account to the acquiring bank through a payment gateway. This is the final step in any financial transaction after authorisation and approval. What is Payment Settlement?

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Banking Bank Funds Accountant 40

Razorpay

JANUARY 21, 2025

Unified Payments Interface (UPI) and UPI Lite are digital payment systems designed to simplify transactions in India. While UPI allows you to send and receive money directly from your bank account, UPI Lite focuses on smaller transactions, enhancing speed and convenience. 1,000 per transaction; 4,000 per day. What is UPI?

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Accountant Bank Banking Transportation 40

Razorpay

DECEMBER 26, 2024

A payment receipt is a crucial document that serves as proof of a financial transaction between a buyer and seller. This article delves into the meaning of a payment receipt, and its key components, and provides examples of payment receipts to help you understand their importance in record-keeping and financial management.

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Razorpay

JANUARY 27, 2025

Chargeback Dispute for a Failed Transaction: Imagine a scenario where a customer’s online purchase fails due to a technical glitch, but their account is still debited. The bank will then use the ARN number to investigate the transaction and communicate with the acquiring bank to resolve the issue and initiate a refund.

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