Cheque Truncation System (CTS)
Definition CTS stands for Cheque Truncation System. It is a system where physical cheques are converted into electronic…
Branchless Banking
Definition Branchless Banking means providing banking services without a physical branch. It uses technology like mobile banking, ATMs,…
Call Money
Definition Call Money is a short-term loan given by banks to other banks, repayable on demand, usually within…
Demand Draft (DD)
Meaning A Demand Draft (DD) is a prepaid instrument issued by a bank to transfer money from one…
Commercial Bank
Definition A Commercial Bank is a financial institution that accepts deposits, provides loans, and offers other banking services…
UPI Transaction Status
Meaning UPI Transaction Status shows whether a UPI payment is successful, pending, or failed. It is an essential…
Bank Branch
Definition A Bank Branch is a physical office of a bank where customers can do transactions like depositing,…
UPI APIs
Definition UPI APIs stands for Unified Payments Interface Application Programming Interfaces.. UPI APIs are tools that allow apps…
Demat Account
Meaning Demat stands for Dematerialized Account. A Demat Account is used to hold shares and securities in electronic…
Account Number
Meaning An Account Number is a unique number given by a bank to every customer who opens an…