Banking & Payments
What is an IFSC Code? The IFSC code (Indian Financial System Code) is a unique 11-digit alphanumeric code assigned by the Reserve Bank of India (RBI) to every bank branch in India. It's a crucial identifier for electronic fund transfers like NEFT (National Electronic Funds Transfer), RTGS (Real-Time
Banking & Payments
In the age of digital banking, transferring money has become a seamless, everyday task. But behind every successful online transaction is a crucial piece of information that ensures your funds reach the right destination: the IFSC Code. For many, this 11-character code is just a required field they copy-paste from
International Trade & Finance
Working with overseas clients can be highly rewarding—but getting paid across borders can be tricky if you’re not familiar with the process. Whether you’re a freelancer, startup, or established business, receiving international payments in India requires the right banking setup, compliance with regulations, and knowledge of available
Banking & Payments
If you’ve been asked for an IBAN number when sending or receiving money internationally from India, you might be confused. India does not use IBAN domestically, but banks like HDFC, SBI, ICICI, Axis, Federal Bank, Canara Bank, Bank of Baroda, and Indian Bank still provide internationally accepted formats for
Banking & Payments
If you’ve ever made an international bank transfer, you’ve probably been asked for your IBAN number. This often leads to the question: Is IBAN the same as an account number? The short answer is no—while an account number is part of your IBAN, the two are not
Banking & Payments
If you’re sending or receiving money internationally, you might be asked for your IBAN number. Many customers are unsure where to find it or how it’s generated from their account details. This guide will show you how to find your IBAN number, how to get it from your
Banking & Payments
If you’ve ever sent or received money internationally, you might have been asked for your IBAN number. For many, this sparks confusion—especially in countries where IBAN isn’t part of domestic banking. This guide by EximPe explains what an IBAN number means, why it exists, how it’s
Banking & Payments
In the world of business, invoices are more than just bills—they’re documentation, communication, and compliance tools. But not all invoices serve the same purpose. Two commonly used types are the proforma invoice and the tax invoice. So, what’s the difference between a proforma invoice and a tax
Banking & Payments
A proforma invoice is a preliminary bill of sale sent to a buyer before a transaction is completed. It outlines the details of the proposed sale—including the products or services, quantities, value, delivery information, and payment terms—but it’s not a legally binding document or a formal demand
Banking & Payments
When you make an electronic fund transfer in India, like NEFT, RTGS, IMPS, or UPI, a UTR number (Unique Transaction Reference number) is created for that transaction. This alphanumeric code is important because it helps you track, verify, and fix issues related to your transaction. Many people wonder how to
Banking & Payments
Once you wire money in India, there is a special reference number known as UTR number (Unique Transaction references number) that is assigned to each money transfer. This figure helps in monitoring, confirming and settling matters with regard to payments. However the UTR number differs by a small margin based
Banking & Payments
Banking today relies on secure, traceable transactions. Whether you are transferring money online or receiving payments, you will often see the term UTR number. But what does it mean, and why is it important? This guide by EximPe explains the full form, significance, and uses of UTR numbers in Indian