E. Credit Card
Credit card is a payment card issued to certain individuals based on their income, credit score and existing debts by a financial institute like Banks and NBFCs, it has a pre-set credit limit for doing transactions.
Types of Credit Cards
Rewards Credit Cards |
Shopping Credit Cards |
Co-branded Credit Cards |
Cashback Credit Cards |
Travel Credit Cards |
Fuel Credit Cards |
Lifetime Free Credit Cards |
Secured Credit Cards |
Lifestyle Credit Cards |
Premium Credit Cards |
Business Credit Cards |
How to Apply for Credit Card?
SBI Bank |
HDFC Bank |
Axis Bank |
Indian Overseas Bank |
Union Bank |
Kotak Bank |
ICICI Bank |
Punjab National Bank |
Induslnd Bank |
Bank of Baroda |
IDFC Bank |
Bank of India |
Canara Bank |
YES Bank |
Punjab and Sind Bank |
SBI Bank |
HDFC Bank |
Axis Bank |
Indian Overseas Bank |
Union Bank |
Kotak Bank |
ICICI Bank |
Punjab National Bank |
Induslnd Bank |
Bank of Baroda |
IDFC Bank |
Bank of India |
Canara Bank |
YES Bank |
Punjab and Sind Bank |
Banking
Banking forms the backbone of a modern economy, facilitating transactions, safeguarding deposits, and providing access to credit. A robust banking sector supports economic growth; a World Bank study found that countries with well-developed banking systems experience faster GDP growth.
Banking in India is a vast network of financial institutions that plays a vital role in the nation’s economic development. This sector needs strong regulation to maintain stability across the economy. From personal finance to powering businesses, banking is essential for spending, investment, and overall growth. Innovations in Indian banking, such as online banking and UPI, have improved financial access and literacy for urban, suburban, and rural populations alike. This has helped connect rural markets and spread awareness of financial services.
The banking sector is governed under the Reserve Bank of India Act, 1934, and functions under the guidelines of the Reserve Bank of India (RBI). The entire banking sector in India is divided into various segments according to their undertakings and functions including
Public Sector Banks |
Private Sector Banks |
Regional Rural Banks (RRBs) |
Payments Banks (PBs) |
Small Finance Banks (SFBs) |
Local Area Banks (LABs) |
Table of Content
- Types of Banks
- Types of Banking
- Bank Account
- Debit Card
- Credit Card
- Fixed Deposit
- Recurring Deposit
- Payments
- Payment Apps
- Insurance
- Official Valid Document
- Credit
- Loan
- Bank Frauds
- List of Top 10 Banks in India in 2024
- List of the Top 10 Largest Private Banks Worldwide