Collect Request
Definition A Collect Request is a UPI feature that allows a user to request money from another user.…
BHIM App
BHIM App stands for Bharat Interface for Money. It is a UPI-based mobile application launched by the Government…
Voice-Based Transactions
Definition Voice-Based Transactions are financial operations carried out using voice commands on mobile apps or smart devices. Usage…
UPI 2.0
Meaning UPI 2.0 stands for Unified Payments Interface 2.0. UPI 2.0 is an upgraded version of the original…
Auto Debit
Meaning Auto Debit is a banking facility where money is automatically deducted from your account on a set…
Aadhaar-based UPI
Definition Aadhaar-based UPI allows users to send or receive money using their Aadhaar number linked to a bank…
Bank Guarantee
Meaning A Bank Guarantee is a promise by a bank to pay money on behalf of a customer…
Debit Card
Definition A Debit Card is a plastic card linked to your bank account that allows you to withdraw…
Account Payee Cheque
Definition An Account Payee Cheque is a cheque that can only be deposited into the bank account of…
Cheque
Definition A Cheque is a written document instructing a bank to pay a specific amount of money from…