TDS on Interest
Meaning TDS on Interest refers to the tax deducted by banks or financial institutions on interest earned from…
Term Loan
Meaning A Term Loan is a type of loan that must be repaid over a fixed period through…
Withdrawal Slip
Meaning A Withdrawal Slip is a paper form used in banks to take out money from a savings…
Yield
Meaning Yield means the return or earnings you receive from an investment over a period. Definition It is…
Zero Balance Account
Meaning A Zero Balance Account is a savings account where you do not need to maintain any minimum…
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…