Very helpful again- thank you. I have a question- what about online payments? Is the process the similar?
@NurtureLearning21 сағат бұрын
hi thanks again. No the process is very different. For each and every type of electronic fund transfer the process is different (at high level it may look similar, but if we go one level down we understand the differences). I will try to make videos for ACH and Wire Transfers someday.
@LexieBryson-h8y4 күн бұрын
Brilliant! Can you please share the link to the next part? (processing fees for acquirer and IPS)
@NurtureLearning2 күн бұрын
thanks so much. Here it is kzfaq.info/get/bejne/sKyglpeI3rfeYYU.html
@LexieBryson-h8yКүн бұрын
@@NurtureLearningthank you!!
@ArrenTadipa8 күн бұрын
So therefore BSP must have a big responsibility or obligations from money error to the account holder.mas monitor niyo lahat ng mga miyembro sa labas at pasok ng mga bawat transaction why everytime na magkaroon ng conflict at error system under imbistigation parang malibdiba mas silip dito ni BSP ang pagmumulan hanggang babagsakan at mga system error nito somtimes questionable our reason publicly anouncing to Us.
@NurtureLearning2 күн бұрын
Thanks so much, sorry but don't understand the question properly.
@siddharthsingh582911 күн бұрын
Thankyou so much...😊😊😊
@NurtureLearning2 күн бұрын
Thanks so much for liking and commenting.
@prashanthbakka865115 күн бұрын
Timeline for the whole process?
@NurtureLearning2 күн бұрын
hi, depends (because mostly it's batch based), typically done witinin 24 hours but the notice is given to customers as 48-72 hours.
@vishnudeo198123 күн бұрын
Thanks a lot for simple explanation .
@NurtureLearning23 күн бұрын
thanks for liking and commenting 🙏🏻🙏🏻
@gobieee125 күн бұрын
Thanks for making this video. I've home loan for 30 lakhs. I am parking my surplus fund in the bank account. When I looked at the statement, I see only interest component getting deducted. I dont see any traces of principal component deduction. is this correct? Also, only 2 lakh is pending to close the home loan. is it recommended to keep the account for tax purpose? or can I close it?
@NurtureLearning25 күн бұрын
Thanks for liking and comment 🙏🏻🙏🏻. Regarding your questions: *Interest Deduction:* 1. The interest is calculated on the daily outstanding balance in the loan account. 2. The interest amount is debited from your SBI Maxgain account at the end of each month. *Principal Deduction:* 1. The EMI (Equated Monthly Installment) that you pay consists of both principal and interest components. 2. When you deposit money into your SBI Maxgain account, this amount is available for withdrawal but also considered as a part of the available balance to offset the outstanding principal. 3. The principal reduction happens gradually with each EMI payment, with a higher portion of the EMI going towards the principal in the later years of the loan tenure. 4. Any surplus amount you deposit in the Maxgain account reduces the daily outstanding balance, thereby reducing the interest portion of your EMI. However, it does not directly reduce the principal until you decide to make an actual principal repayment (for principal repayment you need to go to the bank and ask them for it, it's cumbersome and does not help in any way). Please check with bank once on this and let me know if any corrections. Thanks.
@fadfooood28 күн бұрын
Thank you for the video! Well explained 🙏🏻
@NurtureLearning27 күн бұрын
Glad you liked it, also thanks for leaving your comments 💐💐
@northyland115729 күн бұрын
Type 2 can be managed though diet. Stop all sugars and carbs. you won't get high glucose readings if you never don't eat them in the first place!!! What can you eat? Meat, cheese, salad, avacados, Berries, plane greek yogurt, eggs and omlets..
@abellepenye4153Ай бұрын
I say this with the most respect possible. I think there is a slight mistake in the video. Please correct me if I am wrong, I am only here to learn. At 3:20 you can see step 4's description. It says: " Routes data to acquirer" I think that might be wrong because the data is being routed to the issuer. I have learned a lot from this video, so thank you!
@NurtureLearningАй бұрын
Wow thanks, you are absolutely right. The text in the flow needs correction, will correct it 🙏🏻🙏🏻
@abellepenye4153Ай бұрын
Super helpful and informative. Thank you!
@NurtureLearningАй бұрын
thanks for commenting, glad you liked it 💐💐
@Adharsh6Ай бұрын
Super sir what i understood.. If i get 40 laks loan and in od if i deposit 20 laks so i will pay only 20 laks home loan interest Benefit I can with draw od incase of emergency. Some of the bank prepayment is limited. This od will help to reduce the interest. Prepayment should not do. Deposit in od(if you have surplus) Is that my understanding correct?
@NurtureLearningАй бұрын
Yes Adharsh, if you have surplus money put in OD account and then you will save on the interest levied on your home loan.
@roselyneomasheye99592 ай бұрын
please make a video on direct card routing
@ShriganeshKolhe2 ай бұрын
I have the co-oerative bank in India and want to start issuing credit cards. what best companies exist to help out in this case?
@dhananjaymitkari38932 ай бұрын
Can you send this ppt to me
@NurtureLearning2 ай бұрын
oh, it's been more than an year, I don't think can find it easily now.
@surajpatel75862 ай бұрын
hdfc bank also provide
@NurtureLearning2 ай бұрын
good to know this 👍🏼👍🏼
@Amandeep-qd9nw2 ай бұрын
where is the fees associated with card processing video ?
@NurtureLearning2 ай бұрын
Just added it in comments.
@rajatshukla26052 ай бұрын
super helpful! many thanks!
@NurtureLearning2 ай бұрын
thanks so much for liking and commenting 🌻🌻
@lujean59803 ай бұрын
Thank you for such a clear and informative video! I just have one question: in the authorization stage, why is the acquiring bank involved already? Isn't this step about checking whether the consumer can make the purchase? So why doesn't the POS machine send the data to the issuer directly?
@NurtureLearning2 ай бұрын
Great question, please note that the Merchant has no direct connection with Issuer (the POS can't connect to Issuer directly; imagine if it has to do that then the POS has to have connections with all banks at in place. Instead a router, acquirer here helps). The acquirer bank is the financial institution that has a relationship with the merchant. Acquirer's primary role is to facilitate transactions on behalf of the merchant. When a customer makes a purchase, the merchant forwards the transaction details to the acquirer bank. The acquirer bank then communicates with the payment networks and the issuer to obtain authorization for the transaction, and it ultimately settles the transaction by transferring funds from the cardholder's account to the merchant's account.
@moturuniharika96053 ай бұрын
Thank you for the very clear information
@NurtureLearning2 ай бұрын
thanks so much for liking and commenting 🌻🌻
@Pheello3 ай бұрын
Thanks. I’m busy with a startup in the e-commerce space. This video has aided my comprehension in payment space
@NurtureLearning3 ай бұрын
that's amazing to know, all the very best wishes for your startup 👍🏼👍🏼
@niyaskadangode61973 ай бұрын
Informative and easy to understand.
@NurtureLearning3 ай бұрын
Glad you think so and thanks for liking and commenting 👍🏼👍🏼
@zeeshanwallet77244 ай бұрын
awesome, informative content. More content needed!! Thanks
@NurtureLearning3 ай бұрын
thanks so much for commenting and for the wamth in comment 🙂
@ErnieCheruu4 ай бұрын
Very Good bro
@NurtureLearning4 ай бұрын
Glad you liked it and thanks so much for commenting 👍🏼👍🏼.
@amalekyen00124 ай бұрын
really helpful, thanks!
@NurtureLearning4 ай бұрын
Glad it was helpful ✅ !
@rickjamamerican14624 ай бұрын
Appreciate it. I also had to re-apply the script multiple times as some coupons were not clipped on one attempt. Overall it worked and I appreciate your knowledge sharing
@Earth_18_074 ай бұрын
Could you also do interview questions on hibernate?
@rickjamamerican14624 ай бұрын
Thanks for the tip. it worked!!!!!!!!!!!. My challenge was to copy to the script as I did not see how you clearly open the script and the when I did open it that copy feature in your video was not on my screen. Thanks for sharing.
@NurtureLearning4 ай бұрын
Glad it worked 👍🏼👍🏼, I shall put some instructions on the description of this video as well.
@rickjamamerican1462Ай бұрын
nothing is being clipped
@rickjamamerican1462Ай бұрын
myCoupons:2506 Uncaught TypeError: Cannot read properties of null (reading 'classList') at doSlide (<anonymous>:153:59) at nrWrapper (myCoupons:2504:39)
@Earth_18_074 ай бұрын
Really awesome video,superb content and explanation.thank you so much.
@NurtureLearning4 ай бұрын
Glad you liked, thanks so much for commenting 💐💐
@gavrielhazony27384 ай бұрын
Thanks!
@NurtureLearning4 ай бұрын
thanks for liking and commenting 🙏🏻🙏🏻
@ahmedsabir11814 ай бұрын
Rupay Card ATM ❤ good 👍🌍🇮🇳
@NurtureLearning4 ай бұрын
thanks so much for liking and commenting 🙏🏻🙏🏻and yes Rupay is the best primarily for a) Low Transaction Costs b) Digital India / Make in India 🇮🇳🇮🇳...
@saspadoni4 ай бұрын
I work with this in Brazil, but now I have a client who speaks English, so this video helped me a lot to understand the terms in English and now I can explain to them! thank you!
@NurtureLearning4 ай бұрын
Thanks for your comments 🙏🏻. Very glad that, this was helpful.
@NehaSharma-gx9cf18 күн бұрын
@@NurtureLearning can you share the link to \video explaining the various fees involved
Thanks! Very helpful video. I have a doubt which Im unable to solve. My EMI (say 54,000) is auto debited from my savings account and is deposited to the MAXGain account on the 10th of every month. The interest is debited from the max gain account on the last day of the month. How is the principal deducted? Is the drawing power reduced every month equal to the principal component?
@NurtureLearning4 ай бұрын
Please note that the Principal is as per Amortization schedule (interest varies as per your OD account's book balance). Principal (from EMI) reduces the DRAWING POWER (note, DP = Outstanding Principal amount). 1. Interest is charged at the end of the month, not on the day of EMI deduction (interest is calculated based on your Book Balance). 2. Principal is applied on EMI date (reduces your Drawing Power and Limit), surplus money (i.e. EMI minus Principal) goes to Available Balance. 3. Last day of the month the interest is deducted from Available Balance (it is calculated based on your Book Balance). Please check this (on your monthly statements, take the screenshot before the date of EMI and after EMI deduction); and confirm if the above is ok.
@sarathganesh4 ай бұрын
@@NurtureLearning Thank you very much! Keep doing amazing work spreading financial literacy
@NurtureLearning4 ай бұрын
@@sarathganesh thanks for your comments and glad it helped.
@shivamchoubey46464 ай бұрын
Hello Sir, I have gone through your demo but I am facing one error while starting tomcat server, i.e Unable to invoke Conductor API with uri: localhost:8080/api/tasks/poll/multiplyby2?workerid=YCSLAP0915, unexpected response from server: statusCode=404 , can you please help on this , do you have any idea why my polling is not working
@ranjanamiglani2595 ай бұрын
First step is authentication and not authorisation
@NurtureLearning5 ай бұрын
yes that's correct; but remember CONTEXT.
@cooldown3695 ай бұрын
Awesome ❤❤❤🎉🎉
@NurtureLearning4 ай бұрын
thanks so much for liking and commenting 🙏🏻🙏🏻
@ladaevans87885 ай бұрын
Excellent overview, thank you for sharing!
@NurtureLearning5 ай бұрын
Thanks, glad you liked it 👍🏼👍🏼
@aresix82395 ай бұрын
so, you made a pygame for kids playlist and started using jupyter notebook. I dont recommend that. comments were turned off so i came here. other than that nice videos.
@NurtureLearning5 ай бұрын
Thanks so much 💐💐. Please suggest your recommendation, what IDE would be good for Kids. My thought for Jupiter was that they can start on web with a zero installation (utilizing Google CoLab); they need not understand all the complexities of Jupiter.
@narendarboga76105 ай бұрын
Great n clear explanation..
@NurtureLearning5 ай бұрын
thanks for your comments, and glad you liked it 💐💐
@vivekkumar-ky9bz6 ай бұрын
Thank you, very clearly explained!
@NurtureLearning6 ай бұрын
Glad you like it 💐💐
@rajshree00016 ай бұрын
It's men's when we do payment that time not any fund transfer it's right or no
@NurtureLearning6 ай бұрын
Hi Rajshree, yes it means that the real money transfer happens in the reconciliation process.
@samoon26.6 ай бұрын
Good explanation ❤
@NurtureLearning6 ай бұрын
Glad you liked, thanks for the comment…
@shyamsundar-jl5hb6 ай бұрын
Good explanation sir thank you
@NurtureLearning6 ай бұрын
You're most welcome, thanks for commenting…
@SkaterGod5106 ай бұрын
You should thank Warren G for getting your tape to Dr. Dre will you were in county.😂
@NurtureLearning6 ай бұрын
Thanks for your comment; after your comment I searched/viewed the backstory. Makes perfect sense 👍👍
@faithazubuike39263 ай бұрын
If he gave up in that county, Warren G won't get his tape. Thanking yourself is a form of motivating yourself bro😊
@faithazubuike39263 ай бұрын
Infact Warren G should thank Snoop for writing "This DJ" for him and never took any credit for it. This is Love and Selflessness❤❤❤
@jjchen63606 ай бұрын
amazing video! Thank you!
@NurtureLearning6 ай бұрын
thanks for commenting, glad you liked it.
@ManojMaths-vh5ko7 ай бұрын
Super ...Lalit
@NurtureLearning7 ай бұрын
thanks so much 💐💐
@Vithal_Nivargi7 ай бұрын
Hello, you explained well! if you create this from scratch that would be Great for us. Thanks.
@NurtureLearning7 ай бұрын
Hi Vithal, thanks for the comment, will see if I get time to do this.
@diegorosalesgomez82197 ай бұрын
Good video. Greetings from México
@NurtureLearning7 ай бұрын
glad you liked it, thanks for the comment.
@aneskamachado7 ай бұрын
great video, thank you!
@NurtureLearning7 ай бұрын
glad you liked it, thanks for the comment.
@hemantjadhav11767 ай бұрын
Thanks for this video, pls make a video for "Reconciliation systems"
@NurtureLearning6 ай бұрын
sure, please share which aspect of reconciliation.