IFSC Codes FAQ’s on IFCS Codes 1. What is IFSC? Ans: IFSC, or Indian Financial System Code, is a unique alphanumeric code assigned to each bank branch in India. It is use to identify a specific branch in electronic fund transfer and other online transactions. 2. Why is IFSC important? Ans: IFSC is crucial for… Read More »
Are Certificates of Deposit (CDs) Liquid Assets When managing personal finances, understanding what constitutes a liquid asset is essential. Liquid assets are assets that can be swiftly and effortlessly converted into cash without a loss in value. Common examples include cash, checking accounts, and some types of investments. But where do Certificates of Deposit… Read More »
Non-negotiable letter of credit A non-negotiable letter of credit is a financial instrument used in international trade to provide payment security for the seller or exporter. Unlike a negotiable letter of credit, which can be bought and sold on the secondary market, It cannot be transferred to a third party. It is only valid between… Read More »
