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To be used for any generic banking question. If there is a product-specific question, specific tags like credit-card, savings etc. should be used. If there is an entity-specific question, descriptive tags like merchant, community, consumer, small-business should be used.
3
votes
Why is a transfer from an account to another not done instantly when it's not the same bank?
In India, we have the IMPS (Immediate Payment Service), which does electronic fund transfer between participating banks in real time.
There's also the UPI (Unified Payments Interface) built on IMPS, …
16
votes
How do the rich and wealthy withdraw from accounts without leaving home?
This is a facility called Home Banking, which banks in some locations offer. You do not necessarily have to be super-rich to use it though. …