Meaning
A Customer ID is a unique number assigned by a bank to identify each account holder.
Purpose
It helps banks manage accounts, link services, and track transactions securely.
Author
Customer ID
You May Also Like
UPI Payment ReferenceLast Updated: November 14, 2025
Definition A UPI Payment Reference is a unique ID assigned to each UPI transaction for tracking and verification.…
Fixed Deposit (FD)Last Updated: October 21, 2025
Definition A Fixed Deposit (FD) is a bank investment where a lump sum is deposited for a fixed…
UPI Fraud PreventionLast Updated: July 16, 2025
Definition UPI Fraud Prevention includes all strategies and user behaviors aimed at protecting UPI users from unauthorized transactions.…
RBI (Reserve Bank of India)Last Updated: November 14, 2025
Full Form & Definition Full form: Reserve Bank of India. RBI is India’s central bank responsible for managing…
Credit RatingLast Updated: December 12, 2025
Meaning & Definition Credit rating measures the creditworthiness of an individual or organization. It indicates the likelihood of…
ELSS (Equity Linked Savings Scheme)Last Updated: December 12, 2025
Meaning & Definition ELSS is a tax-saving mutual fund that primarily invests in equities. It offers tax benefits…