Accidental Death Benefit
Meaning Accidental Death Benefit is an insurance feature that pays an additional amount if the insured person dies…
Actuarial Valuation
Meaning Actuarial Valuation is a financial analysis used to estimate future obligations, mainly for insurance and pension plans.…
Actuary
Meaning An Actuary is a trained professional who uses mathematics, statistics, and financial models to estimate future risks.…
Locker Facility
Meaning A Locker Facility is a secure storage service offered by banks where customers can keep valuable items…
Nominee
Meaning A Nominee is a person chosen by the account holder to receive money or assets in case…
NPA (Non-Performing Asset)
Meaning NPA full form is Non-Performing Asset. NPA refers to a loan or advance where the borrower has…
SLR (Statutory Liquidity Ratio)
Meaning SLR full form is Statutory Liquidity Ratio. SLR is the minimum percentage of deposits that banks must…
Standing Instruction
Meaning A Standing Instruction is a request given to a bank to automatically make payments or transfers on…
Passbook
Meaning A Passbook is a small booklet provided by banks that lists all the transactions of a savings…
Priority Sector Lending
Definition Priority Sector Lending is a requirement where banks must lend a certain percentage of their loans to…