Customer ID
Meaning A Customer ID is a unique number assigned by a bank to identify each account holder. Purpose…
ECS (Electronic Clearing System)
Definition ECS stands for Electronic Clearing System. ECS, or Electronic Clearing System, is a digital method to transfer…
EMI (Equated Monthly Installment)
Meaning EMI stands for Equated Monthly Installment. EMI is the fixed amount paid every month to repay a…
Flexi Fixed Deposit
Meaning Flexi Fixed Deposit is a hybrid account combining a savings account and fixed deposit, allowing automatic fund…
Floating Interest Rate
Definition A Floating Interest Rate is a loan or deposit interest rate that changes periodically based on market…
Floating Rate
Meaning Floating Rate is an interest rate or return that adjusts automatically according to market trends, similar to…
IFSC Code
Definition IFSC stands for Indian Financial System Code. IFSC Code is a unique alphanumeric code used to identify…
UPI Dispute Resolution
Meaning UPI Dispute Resolution is the process of resolving disagreements between a payer and merchant regarding a transaction.…
UPI Merchant Dispute
Definition UPI Merchant Dispute occurs when a merchant challenges a payment reversal or refund claim. Handling Banks and…
UPI Device Registration
Definition UPI Device Registration links a user’s mobile device to their UPI account for secure transactions. Advantage Only…