Busting the Myths of Escrow Payments Digital escrow includes eKYC, eAgreement signing, digital account opening, and online escrow transactions, as well as real-time updates on the status of the transactions. Although this kind of arrangement is highly beneficial, it’s subject to many questions and misconceptions from people who’re yet to understand how it works. We
Escrow- A Security Check-Post in Lending It is important to explore and acknowledge what the lenders do, and how they can do it better. Recently, India was declared the 3rd largest economy in Asia and had the third-highest number of IPOs globally. As the country has been moving towards greater financial inclusion, improved technological prowess,
Escrow: A Powerful Way to Secure Your Money Imagine a payment scenario where the interests of all parties are served equally. While escrows have normally been a commercial bank service, the global digitization wave is steadily making escrows accessible to all. The utilization of escrow ensures that any given transaction is secure as escrows are
Escrow Accounts versus Current Accounts and Nodal Accounts Normally people harbour little knowledge of banking terms related to different types of accounts. Unless one has a business or a venture of one’s own, one would know what a savings account is – at most. And while people generally hear about current and nodal accounts, their