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Current Accounts: Understanding and Maximising Business Banking

Razorpay

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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Unlocking 100% UPI Dominance: Rupeezy’s Journey with Razorpay UPI Stack

Razorpay

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.

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What is Banking?

Razorpay

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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What is White Collar Crime: Types, Examples, Prevention and Detection

Peak Frameworks

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. Think of a finance manager redirecting company funds to their personal account.

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Mastering Purpose Codes with Razorpay: Streamlining International Payments

Razorpay

This code aids financial institutions in accurately handling the payment and ensures adherence to global regulations. Trade in Goods Customs authorities mandate a purpose code for categorizing transactions during the importation or exportation of goods. Why are Purpose Codes Important? Update your purpose code today! Interested?

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Everything You Need to Know About Import Payments

Razorpay

In the intricate dance of global commerce, import payments are like the conductor of an orchestra, ensuring there is harmony in the rhythm of trade between buyers and sellers across the world. Import payments involve the financial transactions that take place when a country or entity acquires goods, services, or assets from foreign origins.

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What is the Difference Between Invoice and Bill?

Razorpay

Knowing the difference between an invoice and a bill helps business owners and financial professionals streamline their accounting processes and avoid confusion. Commercial Invoice: Used in international trade to declare the value of goods for customs purposes. What are the Uses of a Bill?