A Google Pay (GPay) transaction failure occurs for various factors,…
The UPI (Unified Payments Interface) has revolutionized digital payments in India, making money transfers quick, easy, and secure. However, despite its many advantages, UPI payments can sometimes fail for various…
PhonePe Transaction Limit Per Day The PhonePe UPI transaction limit per day is ₹1 lakh (₹100,000) for all users. In 24 hours you can send money only a maximum of…
What is Straight Through Processing (STP)? Straight-through processing (STP) is an automated electronic payment process that enables financial transactions to be conducted from start to finish without the need for manual…
Real-Time Gross Settlement (RTGS) is a system developed by the Reserve Bank of India (RBI) for instant and secure high-value fund transfers. The State Bank of India (SBI) offers this…
Get ready for a successful holiday sale with 13 expert tips to convert more shoppers and maximize your e-commerce profits this season.
What is UPI Transaction Status? The Unified Payments Interface (UPI) transaction status indicates whether your money transfer is in progress, successful, pending, or has encountered an error. Read More About:…
What Is Transaction Monitoring in AML? AML transaction monitoring is a continuous process of scrutinizing customer transactions, including deposits, withdrawals, and transfers, to identify patterns or activities that deviate from…
Applying for an SBI ATM card has never been easier, thanks to the numerous methods available for both tech-savvy users and those who prefer traditional ways. In this detailed guide,…
What Is a Prepaid Card? A prepaid card is a payment card preloaded with a specific amount of money, enabling you to make purchases, withdraw cash, or pay bills. Similar…
Payroll management is an end-to-end process of onboarding employees, calculating their monthly salaries, bonuses, benefits, and tax deductions like EPF, PT, TDS, ESI.
The invoice-to-pay process covers the complete workflow from receiving an invoice from a supplier to completing the final payment. This process ensures that all vendor transactions are accurately verified, documented,…
What is capital budgeting? Capital budgeting is the process of evaluating long-term investment projects or capital expenditures before purchasing or investing in them. Capital investments or expenses need to be…
Workplace retaliation occurs when an employer takes adverse action against an employee for engaging in a legally protected activity, such as reporting discrimination, harassment, or other unlawful activities. Retaliation can…
In today’s digital world, understanding payment methods like UPI, NEFT, and Net Banking is crucial for smooth financial transactions. Each method serves a specific purpose, offering distinct features and benefits.…
HR Systems, as the name suggests, streamline human resources management. These software applications are designed to help manage various human resource functions within an organisation. From onboarding an employee to…
What is Source to Pay? Source to pay is the end-to-end process of managing vendors who provide goods and services for a business’s daily operations. The source to pay process…
What Is a Smart Terminal? A smart terminal is a payment solution that enables you to process payments seamlessly while managing other business operations, such as digital payment acceptance, analytics,…
ESOP stands for Employee Stock Ownership Plans. In this blog, we decode everything about ESOPs. Read on.
What is Biometric Payment? Biometric payments are secure transactions that use a person’s unique biological characteristics, such as fingerprints, facial recognition, iris scans, or voice recognition, to verify their identity…
In this blog post, we will delve into the various aspects of sabbatical leave, including what it is, how long it is, and whether it is paid or unpaid along with providing a free sabbatical leave policy template.
A private limited company is a privately-held business entity. It is held by private stakeholders. The governing body for such a company is the Ministry of Corporate Affairs (MCA).
What are Embedded Payments? Embedded payments refer to payment capabilities integrated directly into software applications, enabling users to complete transactions without leaving the platform. This creates a seamless, uninterrupted payment…
What is Debt to Equity Ratio? Debt to equity ratio is a metric that is used to evaluate a company’s financial leverage. It indicates whether a business is financing operations…
What Is A Pending Payment? A pending payment is a temporary transaction state where the payment has been initiated but not yet processed by the retailer and is waiting to…
State Bank of India (SBI), India’s largest bank, offers a wide range of services and products to its customers. Among these, debit cards linked to SBI savings or current accounts…
Account creation or one-click checkout? Uncover the benefits of streamlined shopping to maximize customer satisfaction and conversions.
Real Time Gross Settlement (RTGS) is a secure and efficient method for transferring high-value funds electronically, regulated by the Reserve Bank of India (RBI). This article delves into essential details…
In today’s digital age, ATMs remain essential for cash access. Safeguarding your ATM card starts with tracking its delivery. This guide outlines how to monitor your ATM card’s journey from…
The Immediate Payment Service (IMPS) is a real-time electronic fund transfer system that allows instant money transfers between banks, 24/7. Launched by the National Payments Corporation of India (NPCI), IMPS…
What is EBITDA? EBITDA stands for Earnings before Interest, Taxes, Depreciation and Amortisation and is a measure of a company’s income before any impact of accounting or taxation. It is…
What is financial management? Financial management is the process of controlling a business’s cash inflows and outflows to ensure optimal use of resources. It involves creating a plan which uses…
An experience letter is an official document issued by the employer to the employee as proof of employment with the organisation. Download free experience letter template in word or PDF format here.
Factoring is a way for businesses to convert unpaid invoices into immediate cash – with no risk involved. How would this work? Here’s an example. Picture this: you’re the founder…
Accounts Payable plays a crucial role in maintaining the financial statements of a business. Automate your AP & never worry about delayed invoice payments.
Wondering what the deal is with corporate finance? Here’s the only guide to corporate finance that you’ll ever need. Read on!
What is AP Automation? AP automation is the process of managing accounts payables processes with technology. The objective of AP automation is to automate routine steps in the procurement process like…
ESI calculation is done on the basis of the wages paid to the employee. Learn how to calculate ESI with an example in this blog post.
Introduction of GST on Online Gaming The online gaming industry in India has seen significant growth, driven by widespread smartphone usage, affordable internet, and a young population. This sector includes…
GST has replaced most other indirect taxes has paved the way for a positive impact on small and medium enterprises. Read more to find out.
Create brand messaging that connects with your audience, builds trust, and boosts loyalty to drive growth and success in the competitive e-commerce space.
Maintaining a patent requires paying patent renewal fees in India annually. These fees are crucial for keeping your patent rights in force and protecting your intellectual property. It is essential…
A patent grants inventors exclusive rights to their innovations, protecting them from unauthorized use, manufacturing, or sale by others. The Patents Act in India is designed to uphold these rights,…
What is Employee Compensation? Employee compensation refers to the total monetary and non-monetary rewards that a company provides to its employees in exchange for their work. Whatever the types of…
What is the GST on Medicines? The Goods and Services Tax (GST) on medicines is levied at varying rates depending on the type of medicine or pharmaceutical product. The GST…
Workforce management (WFM) encompasses a broad array of tools and strategies designed to help companies optimize employee productivity, control labor costs, and – very importantly – comply with legal requirements.…
What are commercial banks? Commercial banks are financial institutions that offer services like cash deposits, loans, locker facilities, and business finance functions like receivables and payables management, capital raising and…
Managing invoices can be a complex, error-prone process if not done correctly. Here are the most common invoice errors and how to avoid them. Common Invoice Errors Manual invoice processing…
Every working professional is familiar with the term CTC. If you’re a fresher, CTC full form in salary is “Cost to Company”. Loosely put, it simply means the compensation the…
Meaning of Strategic Procurement Strategic procurement is the process of acquiring goods and services for the business at the best possible price, at the right time. It involves measuring requirements…
Vendor payments are an important part of the procurement cycle, where the business makes the final payment to the supplier. It forms a crucial part of good vendor management and…
An appointment letter is a formal document sent out by companies whenever a candidate gets selected for a position. Read on to know what an appointment letter is, the steps to write one, and get ready-to-use Word and PDF templates for free.
Patent infringement is a crucial issue in both legal and business contexts, referring to the unauthorized use of patented inventions. In India, understanding the complexities of patent infringement is vital…
What Can be Patented in India? An invention can be patented in India if it is related to a product or process that is new, involves an inventive step, and…
What is an employee value proposition? An employee value proposition includes the benefits and perks employers offer to attract and retain the best talent. Benefits like a competitive salary, great work-life…
What is the Equal Remuneration Act? Equal Remuneration Act is a law that ensures fair and equal payment of wages to both men and women workers. It was enacted in…
How Much Does a Patent Cost in India? patent cost in India is as low as ₹1,600 incase of an individual or a startup, small entities pay ₹4,000, and large…
What is a Patent Agent? A patent agent or a patent practitioner is a licensed professional authorized to represent inventors and companies, providing expert advice and assistance with patent applications.…
What is a Provisional Patent Application? A provisional patent application is an initial filing with the patent office that establishes an early filing date for your invention. It provides a…
What is a Patent Attorney? A patent law attorney in India is a qualified legal practitioner who handles patent cases and helps clients protect their intellectual property rights and inventions.…
Since the implementation of GST, the real estate industry in India has transformed, focusing on simplifying taxation. GST helps reduce the tax burden and increase transparency in property deals. This…
Although electronic payments have surged in popularity, the traditional cheque remains a trusted method for many individuals and businesses. This guide explores the advantages and disadvantages of cheques, offering insights…
Cheques and demand drafts (DD) are two common financial instruments used for payments in India. While both serve the purpose of transferring funds, it’s important to understand the difference between…
What Is An Account Payee Cheque? An account payee cheque is a secure cheque issued in favor of a specific payee’s bank account. It can only be deposited into the…
What is a Cheque Leaf? A cheque leaf is an individual cheque from your cheque book that allows you to instruct your bank to pay a specified amount to the…
What is a Bearer Cheque? A bearer cheque is a type of cheque that can be cashed by whoever presents it at the bank, as it is not issued to…
What is a Bank Cheque Book? A bank cheque book is a booklet containing multiple blank cheques issued by a bank. Each cheque leaf allows account holders to instruct the…
Consumers can use IMPS without needing a smartphone, which adds to its financial inclusivity, making it a great payment option for the masses.
17 clever ways to elevate your average order value! From bundles to upsells, turn every cart into a bigger, better revenue booster.
Corporate guarantees are essential in corporate finance, boosting a borrower’s creditworthiness and offering reassurance to lenders. As corporate guarantees grow more common in loan arrangements, understanding the Goods and Services…
GST has replaced most other indirect taxes like service tax, VAT, central excise duty, additional customs duty, surcharges and octroi.
What is Virtual Payment Address (VPA) in UPI? The full form of VPA is Virtual Payment Address. VPA is a unique digital identifier within the Unified Payments Interface (UPI) system…
What are Capital Goods in GST? In India, ‘capital goods’ under GST are defined in Section 2(19) of the Central Goods and Services Tax (CGST) Act. According to this definition,…
GST on Ice Cream The GST on ice cream is 18% with ITC for businesses and the ice cream HSN code is 2105 00 00. The higher GST rate reflects…
NEFT is an extremely convenient form of making online transactions. It also accommodates transfers to NRE and NRO accounts.
This article explores the HDFC UPI limits for 2024 and provides insights on how to increase your HDFC Bank UPI transaction limits. Understanding these HDFC bank UPI limits is crucial…
Explore and learn about latest GPay per day limit in India, maximum transaction limit on Google pay, how much money you can send or receive with GPay and the maximum…
In the payroll setup, statutory compliance is the legal framework established by the Government for organisations within which Indian companies must work.
Master the art of checkout page design! Our essential do’s and don’ts will help you create a smooth path to purchase and keep your customers engaged.
GST on Flight Tickets The GST on flight tickets generally falls under the 5% or 12% tax bracket. Whether you’re a frequent flyer, a business traveler, or simply curious about…
One of the features of RTGS that make it particularly relevant for modern consumers is that the transactions can be initiated through net-banking.
GST on Services Goods and Service Tax on services follows a structured 4-tier rate system, with tax rates set at 5%, 12%, 18%, and 28%. Each tier offers distinct advantages…
On 1st June, the Union Cabinet headed by Prime Minister Narendra Modi revised the MSME definition by changing the investment and turnover figures. Read all about it here.
What is a Cancelled Cheque? A cancelled cheque is a cheque that has already been paid by the bank and is marked with the word ‘CANCELLED,’ indicating that it is…
What is Human Resource Planning (HRP)? HR planning, or is the process of planning and managing an organisation’s talent needs. The objective of HRP is to ensure that the business…
Companies grant conveyance allowances to their employees to cover travel expenses to and from the office. Read this blog post for more.
How to Sell Online Courses Successfully? Selling online courses involves more than just creating quality content; it’s about knowing who can create these courses, selecting the right topic, and understanding…
In India, the Goods and Services Tax (GST) impacts almost every industry, including publishing. GST on Books, along with newspapers, brochures, and calendars, applies specific rates based on their corresponding…
What is the Accounts Payable Turnover Ratio? Accounts payable turnover ratio, otherwise known as the turnover ratio or creditors turnover ratio is a measure of how many times a business…
What is Order Fulfillment? Order fulfillment is the business process of receiving, processing, and delivering customer’s orders. Key functions of Order fulfillment include inventory management, order processing, packaging, shipping, and…
NEFT Timings in 2024 As per RBI, NEFT services are available 24/7 and 365 days. Key NEFT transfer timings include: Working days NEFT Time (7:00 AM to 7:00 PM): No…
What Is C2B eCommerce? C2B eCommerce (Consumer to Business) is a business model in which consumers offer products, services, or content directly to businesses on an online platform. In exchange,…
What is Maternity Leave? Maternity leave is a long-term paid leave offered by businesses to support pregnant women employees before and after child birth. Maternity leave allows new mothers to…
An increment or a salary hike is the increase in the current salary of any employee. Learn how to calculate the salary hike percentage in India in this blog post.
Freight charges refer to the overall cost of moving goods across various modes—such as air, sea, or road. It’s important to note that while Goods Transport Agencies (GTA) specifically handle…
What Is a UTR Number? The full form of UTR is Unique Transaction Reference number. It is an alphanumeric code that uniquely identifies financial transactions in India. It is generated…
Goods and Services Tax (GST) on laptops and computers is crucial in determining the final price of these devices in India. This article will explore the GST rates applicable to…
What Is the GST on Cement Bags? The GST rate on cement bags is set at 28%. This rate is part of the Goods and Services Tax (GST) regime, which…
Shopify has announced that it will deprecate its existing Checkout APIs by April 1, 2025. As a result, businesses using Razorpay Magic Checkout will be required to update their Magic…
What is Corporate Bond? A corporate bond is a type of debt instrument issued by companies to raise capital from investors. When an investor purchases a corporate bond, they are…
What is the Full Form of ATM? The full form of ATM is “Automated Teller Machine.” The term ATM comes from “Automated,” indicating it works automatically, and “Teller,” referring to…