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…
Cooperative Bank
Meaning A Cooperative Bank is a financial institution owned and managed by its members to provide banking services…
UPI One World
Meaning UPI One World is a payment system designed to allow Non-Resident Indians (NRIs) and international users to…
UPI-enabled Apps
Meaning UPI-enabled Apps are mobile or web applications that allow users to send and receive money using the…
UPI Reconciliation
Meaning UPI Reconciliation is the process of comparing UPI payment records with bank statements to ensure that all…
Bank Locker
Definition A Bank Locker is a safe storage facility provided by banks where customers can keep valuable items…
Cheque Bounce
Meaning Cheque Bounce occurs when a bank refuses to honor a cheque due to insufficient funds, signature mismatch,…
Business Correspondent
Meaning A Business Correspondent (BC) is a person or company appointed by banks to provide banking services in…