Overdraft Account Link
Definition An Overdraft Account Link allows a customer to connect their overdraft account with UPI or a debit…
UPI Merchant Dashboard
Definition UPI merchant dashboard is an online interface provided by banks or payment platforms for merchants to monitor…
IFSC Code
Definition IFSC stands for Indian Financial System Code. IFSC Code is a unique alphanumeric code used to identify…
Floating Rate
Meaning Floating Rate is an interest rate or return that adjusts automatically according to market trends, similar to…
Floating Interest Rate
Definition A Floating Interest Rate is a loan or deposit interest rate that changes periodically based on market…
Flexi Fixed Deposit
Meaning Flexi Fixed Deposit is a hybrid account combining a savings account and fixed deposit, allowing automatic fund…
EMI (Equated Monthly Installment)
Meaning EMI stands for Equated Monthly Installment. EMI is the fixed amount paid every month to repay a…
ECS (Electronic Clearing System)
Definition ECS stands for Electronic Clearing System. ECS, or Electronic Clearing System, is a digital method to transfer…
Customer ID
Meaning A Customer ID is a unique number assigned by a bank to identify each account holder. Purpose…
Current Account
Definition A Current Account is a type of bank account primarily used by businesses, companies, and professionals for…