Commercial Bank

byPaytm Editorial TeamLast Updated: September 10, 2025

Definition

A Commercial Bank is a financial institution that accepts deposits, provides loans, and offers other banking services to individuals and businesses.

Services

  • Savings and current accounts
  • Loans and credit facilities
  • Online banking and ATM services

You May Also Like

UPI Forex PaymentLast Updated: October 21, 2025

Meaning UPI Forex Payment allows users to make international payments through UPI in foreign currencies. Advantage It provides…

What is Minority InterestLast Updated: October 21, 2024

Understanding Minority Interest Minority interest is a portion of the subsidiaries that is not owned by the parent…

Refund ProcessLast Updated: July 11, 2025

Definition The refund process in UPI refers to the steps taken to return money to a user after…

UPI AutoPayLast Updated: July 16, 2025

Meaning and Definition UPI AutoPay is a feature that allows users to set up recurring payments through UPI.…

UPI Transaction OTP VerificationLast Updated: November 14, 2025

Meaning UPI Transaction OTP Verification is a security step where users enter a one-time password (OTP) to confirm…

UPI Transaction SettlementLast Updated: October 21, 2025

Definition UPI Transaction Settlement is the process of transferring funds from the payer’s bank to the recipient’s bank…